Industry (including construction), value added in Latvia
Latvia: Industry (including construction), value added was 5.51 billion constant 2015 US$ in 2025. ▲ Rising
Industry (including construction), value added in Latvia, 1995–2025
Source: Country official statistics, National Statistical Offices (NSOs). Measured in constant 2015 US$.
Analysis
Latvia recorded 5.51 billion constant 2015 US$ for industry (including construction), value added in 2025.
The figure is up 4.4% on the previous year and up 5.6% over ten years.
Over the whole period, industry (including construction), value added in Latvia peaked at 6.73 billion constant 2015 US$ in 2007 and was at its lowest, 3.00 billion constant 2015 US$, in 1995.
Latvia ranks 111th of 195 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 31 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 3.42 billion constant 2015 US$ | 3.00 billion constant 2015 US$ | 3.75 billion constant 2015 US$ | 5 |
| 2000s | 5.23 billion constant 2015 US$ | 3.86 billion constant 2015 US$ | 6.73 billion constant 2015 US$ | 10 |
| 2010s | 5.21 billion constant 2015 US$ | 4.59 billion constant 2015 US$ | 5.77 billion constant 2015 US$ | 10 |
| 2020s | 5.62 billion constant 2015 US$ | 5.27 billion constant 2015 US$ | 6.07 billion constant 2015 US$ | 6 |
Countries ranked near Latvia
- 108 Honduras 6.70 billion constant 2015 US$ compare
- 109 Guinea 5.82 billion constant 2015 US$ compare
- 110 Chad 5.51 billion constant 2015 US$ compare
- 112 Estonia 5.37 billion constant 2015 US$ compare
- 113 Nepal 5.08 billion constant 2015 US$ compare
- 114 Lebanon 5.07 billion constant 2015 US$ compare
More economy & growth data for Latvia
- DEC alternative conversion factor 0.885 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) 849.88 million current LCU (2024)
- Net secondary income (Net current transfers from abroad) 919.89 million current US$ (2024)
- Taxes less subsidies on products 5.62 billion current LCU (2025)
- Taxes less subsidies on products 6.35 billion current US$ (2025)
- Net primary income (Net income from abroad) -836.82 million current LCU (2024)
- Net primary income (Net income from abroad) -905.76 million current US$ (2024)
- GNI per capita 23,085 current LCU (2025)
- GNI per capita, Atlas method 24,980 current US$ (2025)
- GNI 42.66 billion current LCU (2025)
Frequently asked questions
- What is industry (including construction), value added in Latvia?
- Industry (including construction), value added in Latvia was 5.51 billion constant 2015 US$ in 2025, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest industry (including construction), value added recorded in Latvia?
- The highest recorded value was 6.73 billion constant 2015 US$ in 2007.
- What is the lowest industry (including construction), value added recorded in Latvia?
- The lowest recorded value was 3.00 billion constant 2015 US$ in 1995.
- How does Latvia rank for industry (including construction), value added?
- Latvia ranks 111th out of 195 countries with data for 2025.
- Is industry (including construction), value added rising or falling in Latvia?
- Over the last ten years it is up 5.6%. The long-run trend across the full record is rising.
- Where does this Latvia data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Industry (including construction), value added (constant 2015 US$). Statizoid updates them automatically from the source API.
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About this data
Industry (including construction) corresponds to ISIC (Rev.4) divisions 05-43. It is comprised of mining, manufacturing, construction, electricity, water, and gas industries. 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 constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2015. This indicator is expressed in United States dollars.