Latvia - Industry Value Added 2024
18.49%
−1.64% from 2023
Latvia's industry value added was 18.49% in 2024, decreased +1.64% from 20.13% in 2023. This was the 47th highest globally.
Global Ranking - 2024▾
| Rank | Country | Value | YoY |
|---|---|---|---|
| 1st | São Tomé and Principe | 2.83% | 2.2% |
| 2nd | Micronesia, Federated States of | 4.99% | -1.3% |
| 3rd | Hong Kong SAR, China | 6.20% | -1.3% |
| 4th | Maldives | 9.20% | -4.6% |
| 5th | Turks and Caicos Islands | 9.34% | -1.5% |
| 6th | Comoros | 9.56% | 0.3% |
| 7th | Bahamas, The | 9.63% | -1.6% |
| 8th | Luxembourg | 9.66% | 4.0% |
| 9th | St. Lucia | 9.75% | 0.7% |
| 10th | Samoa | 10.58% | 5.0% |
| 11th | Malta | 10.66% | -3.8% |
| 12th | Cabo Verde | 10.67% | -2.8% |
| 13th | Cyprus | 11.14% | -1.7% |
| 14th | Nepal | 11.42% | -4.6% |
| 15th | Timor-Leste | 11.82% | -50.5% |
| 16th | Montenegro | 12.18% | -4.5% |
| 17th | Curaçao | 12.19% | 4.3% |
| 18th | Seychelles | 12.29% | -6.6% |
| 19th | Barbados | 12.36% | 0.6% |
| 20th | Andorra | 12.75% | 2.6% |
| 21st | Monaco | 12.80% | 11.3% |
| 22nd | Marshall Islands | 13.18% | 12.8% |
| 23rd | Dominica | 13.88% | 8.8% |
| 24th | Belize | 14.57% | 1.1% |
| 25th | Greece | 15.00% | 1.0% |
| 26th | Grenada | 15.16% | 2.6% |
| 27th | Gambia, The | 15.33% | -6.6% |
| 28th | St. Vincent and the Grenadines | 15.42% | 4.6% |
| 29th | Guinea-Bissau | 15.61% | 3.5% |
| 30th | Djibouti | 15.91% | 10.3% |
| 31st | Fiji | 16.46% | -4.7% |
| 32nd | Kenya | 16.47% | -3.8% |
| 33rd | Jamaica | 16.48% | -1.5% |
| 34th | Uruguay | 16.76% | 0.0% |
| 35th | Moldova | 16.78% | -5.1% |
| 36th | Malawi | 17.07% | -11.5% |
| 37th | United Kingdom | 17.12% | -3.1% |
| 38th | France | 17.21% | -5.0% |
| 39th | Israel | 17.35% | -6.3% |
| 40th | Benin | 17.38% | 0.5% |
| 41st | Netherlands | 17.52% | -3.5% |
| 42nd | Niger | 17.57% | -2.4% |
| 43rd | Burundi | 17.66% | -2.8% |
| 44th | Mauritius | 17.79% | -0.3% |
| 45th | Nigeria | 18.20% | -4.9% |
| 46th | Faroe Islands | 18.30% | -7.7% |
| 47th | Latvia | 18.49% | -8.2% |
| 48th | Portugal | 18.69% | -0.1% |
| 49th | Belgium | 18.74% | -3.8% |
| 50th | Ukraine | 19.03% | -0.3% |
| 51st | Croatia | 19.19% | -9.3% |
| 52nd | Spain | 19.45% | -2.5% |
| 53rd | Georgia | 19.58% | 3.7% |
| 54th | Costa Rica | 19.71% | -3.7% |
| 55th | Central African Republic | 20.03% | -3.3% |
| 56th | Iceland | 20.09% | 0.4% |
| 57th | Estonia | 20.15% | -5.6% |
| 58th | Pakistan | 20.25% | -2.3% |
| 59th | Togo | 20.43% | -2.0% |
| 60th | St. Kitts and Nevis | 20.85% | -2.2% |
| 61st | Brazil | 20.94% | -5.4% |
| 62nd | Rwanda | 20.97% | 1.3% |
| 63rd | Bulgaria | 21.13% | -6.9% |
| 64th | Singapore | 21.38% | -3.5% |
| 65th | Sweden | 21.69% | -4.0% |
| 66th | Guatemala | 21.73% | -2.6% |
| 67th | Mozambique | 21.90% | 1.8% |
| 68th | European Union | 22.27% | -4.2% |
| 69th | Italy | 22.33% | -5.6% |
| 70th | Albania | 22.40% | -3.3% |
| 71st | Bosnia and Herzegovina | 22.43% | -5.5% |
| 72nd | El Salvador | 22.44% | -3.2% |
| 73rd | Tunisia | 22.56% | -6.4% |
| 74th | Liberia | 22.65% | -3.0% |
| 75th | Finland | 22.78% | -2.9% |
| 76th | Madagascar | 22.79% | -0.7% |
| 77th | Armenia | 22.86% | -0.1% |
| 78th | Colombia | 23.06% | -6.6% |
| 79th | Serbia | 23.07% | -3.0% |
| 80th | Sudan | 23.15% | -18.3% |
| 81st | Cameroon | 23.24% | -7.5% |
| 82nd | Solomon Islands | 23.37% | 8.8% |
| 83rd | Lithuania | 23.39% | -3.5% |
| 84th | Mali | 23.46% | -7.9% |
| 85th | Hungary | 23.69% | -6.5% |
| 86th | Cuba | 23.85% | -2.6% |
| 87th | Argentina | 24.00% | -4.7% |
| 88th | Côte d'Ivoire | 24.04% | 0.6% |
| 89th | North Macedonia | 24.07% | 0.2% |
| 90th | Denmark | 24.14% | 2.2% |
| 91st | South Africa | 24.31% | -1.0% |
| 92nd | Austria | 24.58% | -5.8% |
| 93rd | India | 24.63% | -2.7% |
| 94th | Switzerland | 24.72% | 0.2% |
| 95th | Kyrgyz Republic | 24.74% | 4.9% |
| 96th | Uganda | 24.87% | -3.4% |
| 97th | Senegal | 25.01% | 9.3% |
| 98th | Guinea | 25.12% | -2.4% |
| 99th | Jordan | 25.14% | 1.4% |
| 100th | Romania | 25.25% | -6.8% |
| 101st | Panama | 25.50% | -6.1% |
| 102nd | Türkiye | 25.50% | -9.5% |
| 103rd | Sri Lanka | 25.53% | -1.0% |
| 104th | Australia | 25.53% | -7.2% |
| 105th | Sierra Leone | 25.56% | -2.0% |
| 106th | Germany | 25.62% | -4.4% |
| 107th | Morocco | 25.64% | 1.2% |
| 108th | Kosovo | 25.80% | -2.1% |
| 109th | Honduras | 26.13% | 1.2% |
| 110th | Ecuador | 26.51% | -3.9% |
| 111th | Burkina Faso | 26.51% | 3.0% |
| 112th | Poland | 27.25% | -7.3% |
| 113th | Nicaragua | 27.56% | 1.3% |
| 114th | Philippines | 27.69% | -1.8% |
| 115th | Tanzania | 28.57% | 1.9% |
| 116th | Chad | 28.68% | -6.7% |
| 117th | Dominican Republic | 28.72% | -2.0% |
| 118th | Namibia | 28.86% | -4.4% |
| 119th | Slovak Republic | 28.94% | -0.9% |
| 120th | Lao PDR | 29.05% | -4.9% |
| 121st | Slovenia | 29.07% | -1.8% |
| 122nd | Czechia | 29.21% | -2.7% |
| 123rd | Botswana | 29.36% | -13.8% |
| 124th | Chile | 30.09% | 4.5% |
| 125th | Mauritania | 30.51% | -1.4% |
| 126th | Belarus | 30.71% | -3.1% |
| 127th | Russian Federation | 30.72% | 1.0% |
| 128th | Lesotho | 30.94% | 7.7% |
| 129th | Bolivia, Plurinational State of | 31.26% | 5.0% |
| 130th | Ghana | 31.52% | 7.0% |
| 131st | Mexico | 31.78% | -2.5% |
| 132nd | Uzbekistan | 31.81% | 2.5% |
| 133rd | Kazakhstan | 32.11% | -1.0% |
| 134th | Thailand | 32.14% | -2.6% |
| 135th | Paraguay | 32.48% | -1.2% |
| 136th | Egypt, Arab Republic of | 32.56% | -0.5% |
| 137th | Haiti | 33.36% | 4.3% |
| 138th | Ireland | 33.63% | -1.1% |
| 139th | Korea | 33.90% | 4.2% |
| 140th | Peru | 33.97% | 0.0% |
| 141st | Bangladesh | 34.10% | -1.4% |
| 142nd | Angola | 34.57% | -1.6% |
| 143rd | Trinidad and Tobago | 34.64% | 0.4% |
| 144th | Eswatini | 34.74% | 0.7% |
| 145th | Zimbabwe | 34.99% | 5.2% |
| 146th | Suriname | 35.05% | -11.6% |
| 147th | Zambia | 35.25% | 0.4% |
| 148th | Iran, Islamic Republic of | 36.07% | -7.0% |
| 149th | Algeria | 36.20% | -3.6% |
| 150th | China | 36.48% | -0.8% |
| 151st | Norway | 36.95% | -5.4% |
| 152nd | Malaysia | 36.97% | -1.6% |
| 153rd | Turkmenistan | 37.48% | -4.6% |
| 154th | Viet Nam | 37.64% | 0.2% |
| 155th | Myanmar | 37.81% | 0.6% |
| 156th | Mongolia | 38.14% | -3.5% |
| 157th | Indonesia | 39.32% | -2.2% |
| 158th | Congo, Democratic Republic of | 39.87% | 0.9% |
| 159th | Congo, Republic of | 40.12% | -11.3% |
| 160th | Cambodia | 41.75% | 3.0% |
| 161st | Bahrain | 42.29% | -2.6% |
| 162nd | Azerbaijan | 42.61% | -7.0% |
| 163rd | United Arab Emirates | 44.33% | -2.4% |
| 164th | Saudi Arabia | 44.93% | -5.6% |
| 165th | Equatorial Guinea | 45.75% | -1.6% |
| 166th | Puerto Rico (US) | 47.16% | -0.5% |
| 167th | Iraq | 51.57% | -4.4% |
| 168th | Gabon | 52.90% | -1.8% |
| 169th | Oman | 54.17% | -2.2% |
| 170th | Kuwait | 57.13% | -5.3% |
| 171st | Qatar | 58.24% | -2.4% |
| 172nd | Brunei Darussalam | 61.68% | -0.1% |
| 173rd | Libya | 73.50% | -6.8% |
| 174th | Guyana | 76.03% | 9.7% |
FAQ
What was Latvia's industry value added in 2024?▾
Latvia's industry value added in 2024 was 18.49%. This ranked 47th globally.
How did Latvia's industry value added change in 2024?▾
Latvia's industry value added decreased by 8.2% in 2024 compared to 2023.
Which country had the highest industry value added in 2024?▾
Guyana had the highest industry value added in 2024 at 76.03%.
What is the industry value added of Latvia in 2024?▾
The industry value added of Latvia in 2024 was 18.49%. This ranked 47th globally.
How does 2024 compare to 2023 for Latvia's industry value added?▾
Latvia's industry value added went from 20.13% in 2023 to 18.49% in 2024, a 8.2% decrease.
Related
2023
2025
All years
Full ranking 2024
GDP
GDP per Capita
GDP Growth
GDP PPP
GNI
Peak: 1997
Lowest: 2024
Industry Value Added 1990s
Industry Value Added 2000s
Industry Value Added 2010s
Industry Value Added 2020s
Highest ever
Lowest ever
Average
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vs Barbados
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European Union Industry Value Added
NATO Industry Value Added
OECD Industry Value Added
Global Ranking