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Latvia - Industry Value Added 2023

Name: Latvia Industry Value Added 2023
Creator: World Bank
License: https://creativecommons.org/licenses/by/4.0/

Industry (including construction) value added as % of GDP · World Bank

20.13% −0.45% from 2022 Global rank: 64th

Latvia's industry value added was 20.13% in 2023, decreased +0.45% from 20.58% in 2022. This was the 64th highest globally.

Global Ranking - 2023▾

Industry Value Added by Country - 2023
Rank	Country	Value	YoY
1st	Lebanon	2.09%	-12.7%
2nd	São Tomé and Principe	2.77%	-36.3%
3rd	Bermuda	4.64%	-12.9%
4th	Micronesia, Federated States of	5.06%	0.8%
5th	Macao SAR, China	5.43%	-41.4%
6th	Hong Kong SAR, China	6.28%	0.2%
7th	Cayman Islands	7.84%	-2.9%
8th	Channel Islands	8.22%	-1.9%
9th	Luxembourg	9.29%	1.9%
10th	Turks and Caicos Islands	9.48%	-5.7%
11th	Comoros	9.53%	-1.2%
12th	Maldives	9.64%	-2.8%
13th	St. Lucia	9.68%	9.2%
14th	Bahamas, The	9.78%	2.9%
15th	Palau	10.07%	-18.8%
16th	Samoa	10.08%	-7.1%
17th	Cabo Verde	10.98%	-0.9%
18th	Malta	11.09%	-1.9%
19th	Cyprus	11.33%	9.2%
20th	Kiribati	11.46%	8.0%
21st	Monaco	11.50%	-6.3%
22nd	Marshall Islands	11.68%	21.8%
23rd	Curaçao	11.69%	4.5%
24th	Nepal	11.97%	-1.7%
25th	Barbados	12.29%	-4.1%
26th	Andorra	12.43%	11.5%
27th	Montenegro	12.75%	-5.1%
28th	Dominica	12.75%	1.1%
29th	Seychelles	13.16%	9.9%
30th	Afghanistan	13.45%	-16.2%
31st	Belize	14.41%	-7.0%
32nd	Djibouti	14.43%	-4.0%
33rd	St. Vincent and the Grenadines	14.75%	0.9%
34th	Grenada	14.78%	-8.4%
35th	Greece	14.85%	-11.2%
36th	Tonga	14.87%	-13.8%
37th	Guinea-Bissau	15.09%	19.0%
38th	West Bank and Gaza	15.58%	-10.4%
39th	Gambia, The	16.42%	5.3%
40th	Jamaica	16.72%	-4.2%
41st	Uruguay	16.75%	-5.4%
42nd	Kenya	17.12%	-2.3%
43rd	Fiji	17.28%	-2.9%
44th	Benin	17.30%	1.7%
45th	United Kingdom	17.67%	5.1%
46th	Moldova	17.69%	-7.3%
47th	Mauritius	17.84%	-1.3%
48th	Niger	18.00%	-4.7%
49th	France	18.11%	14.9%
50th	Burundi	18.16%	7.2%
51st	Netherlands	18.16%	-2.6%
52nd	Greenland	18.45%	-5.5%
53rd	Israel	18.50%	-4.8%
54th	Portugal	18.71%	1.7%
55th	Georgia	18.88%	-11.5%
56th	Antigua and Barbuda	18.99%	-3.4%
57th	Ukraine	19.09%	6.0%
58th	Nigeria	19.13%	-0.2%
59th	Malawi	19.29%	14.1%
60th	Belgium	19.47%	-2.7%
61st	Faroe Islands	19.83%	11.8%
62nd	Spain	19.96%	-6.0%
63rd	Iceland	20.02%	-6.7%
64th	Latvia	20.13%	-2.2%
65th	Costa Rica	20.46%	-0.9%
66th	Rwanda	20.70%	-2.7%
67th	Central African Republic	20.71%	-2.1%
68th	Pakistan	20.72%	1.5%
69th	Togo	20.84%	-1.8%
70th	Croatia	21.15%	5.4%
71st	St. Kitts and Nevis	21.33%	-2.0%
72nd	Estonia	21.35%	-7.6%
73rd	Solomon Islands	21.48%	11.3%
74th	Mozambique	21.51%	-7.5%
75th	Brazil	22.14%	-3.0%
76th	Singapore	22.15%	-7.1%
77th	Guatemala	22.31%	-1.4%
78th	Sweden	22.59%	-4.9%
79th	Bulgaria	22.70%	-10.3%
80th	Armenia	22.88%	-10.1%
81st	Senegal	22.89%	-8.1%
82nd	Madagascar	22.94%	-1.8%
83rd	Albania	23.16%	0.6%
84th	El Salvador	23.18%	-2.3%
85th	European Union	23.25%	1.7%
86th	Liberia	23.35%	12.8%
87th	Finland	23.47%	-6.8%
88th	Kyrgyz Republic	23.58%	-2.5%
89th	Denmark	23.62%	14.3%
90th	Italy	23.67%	1.7%
91st	Bosnia and Herzegovina	23.72%	-3.8%
92nd	Serbia	23.78%	-5.7%
93rd	Timor-Leste	23.87%	-56.2%
94th	Côte d'Ivoire	23.90%	3.7%
95th	North Macedonia	24.01%	4.3%
96th	Tunisia	24.09%	-7.2%
97th	Lithuania	24.24%	-5.5%
98th	Cuba	24.50%	3.0%
99th	South Africa	24.56%	-1.7%
100th	Switzerland	24.67%	0.5%
101st	Colombia	24.69%	-5.5%
102nd	Jordan	24.80%	1.3%
103rd	Cameroon	25.13%	-7.4%
104th	Argentina	25.17%	4.4%
105th	India	25.30%	-0.3%
106th	Morocco	25.32%	-2.9%
107th	Hungary	25.34%	4.6%
108th	Mali	25.46%	-1.4%
109th	Guinea	25.73%	-2.9%
110th	Uganda	25.75%	-3.8%
111th	Burkina Faso	25.75%	-1.1%
112th	Sri Lanka	25.78%	-13.5%
113th	Honduras	25.82%	-0.3%
114th	Sierra Leone	26.08%	25.6%
115th	Austria	26.09%	1.0%
116th	Kosovo	26.35%	-3.3%
117th	Germany	26.80%	4.8%
118th	Romania	27.09%	-1.9%
119th	Panama	27.16%	2.8%
120th	Nicaragua	27.20%	4.8%
121st	Australia	27.52%	0.4%
122nd	Ecuador	27.58%	-6.8%
123rd	Tanzania	28.03%	1.3%
124th	Türkiye	28.19%	-8.7%
125th	Philippines	28.20%	-3.5%
126th	Sudan	28.34%	481.7%
127th	Japan	28.60%	3.2%
128th	Lesotho	28.73%	-5.8%
129th	Chile	28.80%	-7.2%
130th	Slovak Republic	29.21%	10.0%
131st	Dominican Republic	29.31%	-4.9%
132nd	Poland	29.39%	0.7%
133rd	Bhutan	29.40%	-7.6%
134th	Ghana	29.47%	-6.4%
135th	Slovenia	29.58%	5.7%
136th	Bolivia, Plurinational State of	29.77%	-7.0%
137th	Czechia	30.02%	2.8%
138th	Namibia	30.19%	11.3%
139th	Russian Federation	30.41%	-5.7%
140th	Lao PDR	30.53%	-10.5%
141st	Chad	30.75%	-7.0%
142nd	Mauritania	30.94%	6.2%
143rd	Uzbekistan	31.02%	-1.5%
144th	Belarus	31.70%	-4.0%
145th	Haiti	31.98%	9.0%
146th	Kazakhstan	32.43%	-7.3%
147th	Korea	32.52%	0.0%
148th	Mexico	32.61%	-1.7%
149th	Egypt, Arab Republic of	32.73%	0.1%
150th	Paraguay	32.89%	-4.0%
151st	Thailand	32.98%	-6.1%
152nd	Zimbabwe	33.26%	-28.4%
153rd	Tajikistan	33.64%	-3.1%
154th	Peru	33.97%	-2.8%
155th	Ireland	34.00%	-16.6%
156th	Botswana	34.07%	-9.0%
157th	Trinidad and Tobago	34.51%	-24.5%
158th	Eswatini	34.51%	-0.5%
159th	Bangladesh	34.59%	2.0%
160th	Zambia	35.11%	-0.5%
161st	Angola	35.13%	0.6%
162nd	San Marino	35.77%	-4.9%
163rd	Papua New Guinea	36.29%	-9.9%
164th	China	36.77%	-3.0%
165th	Algeria	37.55%	-12.8%
166th	Malaysia	37.56%	-3.6%
167th	Viet Nam	37.58%	-2.3%
168th	Myanmar	37.59%	-1.7%
169th	Iran, Islamic Republic of	38.78%	-5.9%
170th	Norway	39.07%	-20.5%
171st	Liechtenstein	39.11%	-0.6%
172nd	Turkmenistan	39.27%	-2.9%
173rd	Congo, Democratic Republic of	39.50%	-5.9%
174th	Mongolia	39.54%	12.0%
175th	Suriname	39.67%	-6.1%
176th	Indonesia	40.22%	-2.9%
177th	Cambodia	40.52%	-0.9%
178th	Bahrain	43.44%	-6.4%
179th	Congo, Republic of	45.22%	-8.2%
180th	United Arab Emirates	45.40%	-8.0%
181st	Azerbaijan	45.84%	-18.4%
182nd	Equatorial Guinea	46.50%	-17.3%
183rd	Puerto Rico (US)	47.39%	-1.7%
184th	Saudi Arabia	47.61%	-10.4%
185th	Gabon	53.87%	-4.0%
186th	Iraq	53.96%	-17.3%
187th	Oman	55.37%	-6.9%
188th	Qatar	59.64%	-8.7%
189th	Kuwait	60.29%	-8.3%
190th	Brunei Darussalam	61.74%	-9.1%
191st	Guyana	69.30%	2.2%
192nd	Libya	78.90%	2.7%

FAQ

What was Latvia's industry value added in 2023?▾

Latvia's industry value added in 2023 was 20.13%. This ranked 64th globally.

How did Latvia's industry value added change in 2023?▾

Latvia's industry value added decreased by 2.2% in 2023 compared to 2022.

Which country had the highest industry value added in 2023?▾

Libya had the highest industry value added in 2023 at 78.90%.

What is the industry value added of Latvia in 2023?▾

The industry value added of Latvia in 2023 was 20.13%. This ranked 64th globally.

How does 2023 compare to 2022 for Latvia's industry value added?▾

Latvia's industry value added went from 20.58% in 2022 to 20.13% in 2023, a 2.2% decrease.

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