Latvia - Finance and Insurance Value Added
Since 2014, Latvia Finance and Insurance Value Added was down by 7.3points year on year. In 2019, the country was ranked number 41 comparing other countries in Finance and Insurance Value Added with 2.96 Percent of Value Added in Industry and Services. Latvia is overtaken by Slovakia, which was ranked number 40 at 3.12 Percent of Value Added in Industry and Services and is followed by Finland at 2.96 Percent of Value Added in Industry and Services. Luxembourg ranked the highest with 26.79 Percent of Value Added in Industry and Services in 2019, that is a growth of 2.2points compared to 2018. South Africa, Switzerland and Australia respectively ranked number 2, 3 and 4 in this ranking. Brazil witnessed the best average annual growth at +3.7points per year, while Latvia recorded the worst performance at -7.3points per year.
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| Date | Percent of Value Added in Industry and Services |
|---|---|
| 2019 | 2.96 |
| 2018 | 3.58 |
| 2017 | 3.86 |
| 2016 | 4.70 |
| 2015 | 4.79 |
How does Latvia rank in Finance and Insurance Value Added?
| # | 43 Countries | Percent of Value Added in Industry and Services | Last | YoY | 5‑years CAGR | ||
|---|---|---|---|---|---|---|---|
| 1 |
#1
Luxembourg
|
26.79 % | 2019 | +2.2 % | +0.2 % | View data | |
| 2 |
#2
South Africa
|
13.84 % | 2019 | +0.1 % | -0.8 % | View data | |
| 40 |
#40
Slovakia
|
3.12 % | 2019 | -1.7 % | -3.1 % | View data | |
| 41 |
#41
Latvia
|
2.96 % | 2019 | -17.4 % | -7.3 % | View data | |
| 42 |
#42
Finland
|
2.96 % | 2019 | -8.7 % | -1.7 % | View data | |