Industrial Production, constant US$ in Latvia
Latvia: Industrial Production, constant US$ was 7.84 billion in 2025. ▲ Rising
Industrial Production, constant US$ in Latvia, 1999–2025
Source: World Bank staff calculations based on Datastream data.
Analysis
Latvia recorded 7.84 billion for industrial production, constant us$ in 2025.
Compared with earlier readings it is up 3.6% on the previous year and up 17.6% over ten years.
Over the whole period, industrial production, constant us$ in Latvia peaked at 8.28 billion in 2022 and was at its lowest, 3.73 billion, in 1999.
Latvia ranks 69th of 89 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 27 years of available data.
Industrial Production, constant US$ in Latvia, year by year
| Year | Value | Change |
|---|---|---|
| 1999 | 3.73 billion | — |
| 2000 | 3.96 billion | +6.1% |
| 2001 | 4.37 billion | +10.5% |
| 2002 | 4.68 billion | +6.9% |
| 2003 | 5.04 billion | +7.8% |
| 2004 | 5.40 billion | +7.2% |
| 2005 | 5.79 billion | +7.1% |
| 2006 | 6.16 billion | +6.5% |
| 2007 | 6.23 billion | +1.1% |
| 2008 | 6.04 billion | -3.1% |
| 2009 | 4.94 billion | -18.2% |
| 2010 | 5.67 billion | +14.9% |
| 2011 | 6.18 billion | +9.0% |
| 2012 | 6.57 billion | +6.2% |
| 2013 | 6.51 billion | -0.9% |
| 2014 | 6.44 billion | -1.1% |
| 2015 | 6.67 billion | +3.6% |
| 2016 | 7.03 billion | +5.4% |
| 2017 | 7.62 billion | +8.4% |
| 2018 | 7.73 billion | +1.4% |
| 2019 | 7.80 billion | +1.0% |
| 2020 | 7.69 billion | -1.4% |
| 2021 | 8.20 billion | +6.6% |
| 2022 | 8.28 billion | +0.9% |
| 2023 | 7.74 billion | -6.5% |
| 2024 | 7.57 billion | -2.2% |
| 2025 | 7.84 billion | +3.6% |
Latvia compared with similar countries
- Latvia's 7.84 billion is below the median for high income countries, which is 95.29 billion, 8% of the median. (44 countries reporting)
- Latvia's 7.84 billion is below the median for Europe & Central Asia, which is 50.87 billion, 15% of the median. (41 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 3.73 billion | 3.73 billion | 3.73 billion | 1 |
| 2000s | 5.26 billion | 3.96 billion | 6.23 billion | 10 |
| 2010s | 6.82 billion | 5.67 billion | 7.80 billion | 10 |
| 2020s | 7.89 billion | 7.57 billion | 8.28 billion | 6 |
Countries ranked near Latvia
More reference data data for Latvia
- Emission Totals - Indirect emissions (N2O) - Manure applied to Soils 0.128 (2050)
- Emission Totals - Indirect emissions (N2O) - Manure left on Pasture 0.0503 (2050)
- Emission Totals - Indirect emissions (N2O) - IPCC Agriculture 0.4657 (2050)
- Emission Totals - Indirect emissions (N2O) - Crop Residues 0.0673 (2050)
- Emission Totals - Indirect emissions (N2O) - Agricultural Soils 0.4657 (2050)
- Emission Totals - Emissions (N2O) - Manure applied to Soils 0.4291 (2050)
- Emission Totals - Emissions (N2O) - Manure Management 0.2986 (2050)
- Emission Totals - Emissions (N2O) - Manure left on Pasture 0.2679 (2050)
- Emission Totals - Emissions (N2O) - IPCC Agriculture 2.27 (2050)
- Emission Totals - Emissions (N2O) - Crop Residues 0.3666 (2050)
Frequently asked questions
- What is industrial production, constant us$ in Latvia?
- Industrial production, constant us$ in Latvia was 7.84 billion in 2025, according to World Bank staff calculations based on Datastream data.
- What is the highest industrial production, constant us$ recorded in Latvia?
- The highest recorded value was 8.28 billion in 2022.
- What is the lowest industrial production, constant us$ recorded in Latvia?
- The lowest recorded value was 3.73 billion in 1999.
- How does Latvia rank for industrial production, constant us$?
- Latvia ranks 69th out of 89 countries with data for 2025.
- Is industrial production, constant us$ rising or falling in Latvia?
- Over the last ten years it is up 17.6%. The long-run trend across the full record is rising.
- Where does this Latvia data come from?
- The figures come from World Bank staff calculations based on Datastream data, published as part of Industrial Production, constant US$. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 27 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
An economic indicator that measures changes in output for the industrial sector of the economy. The industrial sector includes manufacturing, mining, and utilities. Data is in constant US$, and not seasonally adjusted. The base year is 2005.