Industry (including construction), value added in Latvia
Latvia: Industry (including construction), value added was 8.04 billion current LCU in 2025. ◆ Volatile
Industry (including construction), value added in Latvia, 1995–2025
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current LCU.
Analysis
In 2025, industry (including construction), value added in Latvia stood at 8.04 billion current LCU. That is the highest value across all 31 years on record.
The figure is up 6.6% on the previous year and up 71.1% over ten years.
Over the whole period, industry (including construction), value added in Latvia peaked at 8.04 billion current LCU in 2025 and was at its lowest, 1.08 billion current LCU, in 1995.
That places Latvia 163rd out of 208 countries with data for 2025, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1.38 billion current LCU | 1.08 billion current LCU | 1.55 billion current LCU | 5 |
| 2000s | 3.02 billion current LCU | 1.62 billion current LCU | 5.33 billion current LCU | 10 |
| 2010s | 4.71 billion current LCU | 3.70 billion current LCU | 5.79 billion current LCU | 10 |
| 2020s | 7.29 billion current LCU | 5.94 billion current LCU | 8.04 billion current LCU | 6 |
Countries ranked near Latvia
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 8.04 billion current LCU 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 8.04 billion current LCU in 2025.
- What is the lowest industry (including construction), value added recorded in Latvia?
- The lowest recorded value was 1.08 billion current LCU in 1995.
- How does Latvia rank for industry (including construction), value added?
- Latvia ranks 163rd out of 208 countries with data for 2025.
- Is industry (including construction), value added rising or falling in Latvia?
- Over the last ten years it is up 71.1%. The long-run trend across the full record is volatile.
- 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 (current LCU). 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 current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.