Which has higher industrial production, constant us$, Latvia or Mongolia?

Latvia, at 7.84 billion against 7.35 billion in Mongolia as of 2025.

What is the difference in industrial production, constant us$ between Latvia and Mongolia?

495.15 million, with Latvia ahead.

How many years of comparable data are there for Latvia and Mongolia?

19 years are reported by both, from 2007 to 2025.

Where does this data come from?

World Bank staff calculations based on Datastream data, published as Industrial Production, constant US$. Statizoid refreshes it automatically from the source and publishes the full history for both places.

Latvia vs Mongolia: Industrial Production, constant US$

Latvia

7.84 billion

in 2025

Mongolia

7.35 billion

in 2025

Latvia rank

68th

Mongolia rank

69th

Industrial Production, constant US$ over time

Latvia
Mongolia

How they compare

Latvia currently reports 7.84 billion against 7.35 billion in Mongolia, a difference of 495.15 million.

That makes Latvia's figure about 1.1 times Mongolia's.

The two have swapped places 2 times across 19 shared years of data; in 2007 it was Latvia ahead.

Latvia ranks 68th and Mongolia ranks 69th of 89 countries.

Latvia has averaged higher in every one of the 3 decades both report.

Head to head by decade

Decade	Latvia	Mongolia	Difference	Ahead
2000s	5.74 billion	1.63 billion	4.10 billion	Latvia
2010s	6.82 billion	3.89 billion	2.94 billion	Latvia
2020s	7.89 billion	7.66 billion	223.45 million	Latvia

Averages of every year both report within each decade.

Frequently asked questions

Which has higher industrial production, constant us$, Latvia or Mongolia?: Latvia, at 7.84 billion against 7.35 billion in Mongolia as of 2025.
What is the difference in industrial production, constant us$ between Latvia and Mongolia?: 495.15 million, with Latvia ahead.
How many years of comparable data are there for Latvia and Mongolia?: 19 years are reported by both, from 2007 to 2025.
How do Latvia and Mongolia rank globally for industrial production, constant us$?: Latvia ranks 68th and Mongolia ranks 69th of 89 countries.
Where does this data come from?: World Bank staff calculations based on Datastream data, published as Industrial Production, constant US$. Statizoid refreshes it automatically from the source and publishes the full history for both places.

Individual pages

About this data

Indicator: Industrial Production, constant US$
Source: World Bank staff calculations based on Datastream data
Licence: CC BY 4.0 (World Bank Open Data)
Coverage: 99 places, 2,662 data points, 1991–2025
Last refreshed: 10 August 2026

An economic indicator that measures changes in output for the industrial sector of the economy. The industrial sector includes manufacturing, mining, and utilities. Data is in constant US$, and not seasonally adjusted. The base year is 2005.