Manufacturing, value added in Latvia
Latvia: Manufacturing, value added was 10.0% in 2025. ▼ Falling
Manufacturing, value added in Latvia, 1995–2025
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GDP.
Analysis
Latvia recorded 10.0% for manufacturing, value added in 2025.
That represents a change of up 0.4% on the previous year and down 7.9% over ten years.
Over the whole period, manufacturing, value added in Latvia peaked at 18.7% in 1997 and was at its lowest, 9.9%, in 2024.
That places Latvia 102nd out of 204 countries with data for 2025, putting it in the middle of the range.
The long-run direction has been consistently falling across the 31 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 16.7% | 13.9% | 18.7% | 5 |
| 2000s | 12.1% | 10.0% | 14.0% | 10 |
| 2010s | 11.3% | 10.5% | 12.2% | 10 |
| 2020s | 11.2% | 9.9% | 12.8% | 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 manufacturing, value added in Latvia?
- Manufacturing, value added in Latvia was 10.0% in 2025, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest manufacturing, value added recorded in Latvia?
- The highest recorded value was 18.7% in 1997.
- What is the lowest manufacturing, value added recorded in Latvia?
- The lowest recorded value was 9.9% in 2024.
- How does Latvia rank for manufacturing, value added?
- Latvia ranks 102nd out of 204 countries with data for 2025.
- Is manufacturing, value added rising or falling in Latvia?
- Over the last ten years it is down 7.9%. The long-run trend across the full record is falling.
- Where does this Latvia data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Manufacturing, value added (% of GDP). Statizoid updates them automatically from the source API.
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CSV · JSON — 31 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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 as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.