Azerbaijan vs Latvia: Manufacturing, value added
Manufacturing, value added over time
- Azerbaijan
- Latvia
How they compare
Latvia currently reports 4.86 billion current US$ against 4.54 billion current US$ in Azerbaijan, a difference of 315.09 million current US$.
That makes Latvia's figure about 1.1 times Azerbaijan's.
The two have swapped places 2 times across 31 shared years of data; in 1995 it was Latvia ahead.
Globally, Azerbaijan ranks 98th and Latvia ranks 96th of 204 countries.
Individual pages
About this data
Manufacturing includes industries classified in ISIC (Rev. 3) major division C and is defined as the physical or chemical transformation of materials or components into new products. Value added is the contribution to the economy by a producer or an industry or an institutional sector, which is estimated by the total value of output produced and deducting the total value of intermediate consumption of goods and services used to produce that output. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.