Latvia - Manufacturing Gross Value Added
Since 2015, Latvia Manufacturing Gross Value Added grew 3.9% year on year. In 2020, the country was ranked number 45 among other countries in Manufacturing Gross Value Added with €3,114.2 Million. Latvia is overtaken by Estonia, which was ranked number 44 at €3,432.6 Million and is followed by Luxembourg at €2,412.7 Million. China ranked the highest with €3,357,316.8 Million in 2019, that is +4.4% compared to 2018. United States, Japan and Germany respectively ranked number 2, 3 and 4 in this ranking. Albania recorded the best 5 years average growth at +10% per year, while Norway was the worst growing country at -2.3% per year.
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| Date | Million Euros |
|---|---|
| 2020 | 3,114.20 |
| 2019 | 3,164.80 |
| 2018 | 3,077.80 |
| 2017 | 2,822.80 |
| 2016 | 2,579.40 |
Download all data from 1995 to 2020
How does Latvia rank in Manufacturing Gross Value Added?
| # | 55 Countries | Million Euros | Last | YoY | 5‑years CAGR | ||
|---|---|---|---|---|---|---|---|
| 1 |
#1
China
|
3,357,316.80 | 2019 | +4.4 % | +7.0 % | View data | |
| 2 |
#2
United States
|
2,009,032.70 | 2019 | +2.4 % | +5.5 % | View data | |
| 44 |
#44
Estonia
|
3,432.60 | 2020 | -4.6 % | +3.6 % | View data | |
| 45 |
#45
Latvia
|
3,114.20 | 2020 | -1.6 % | +3.9 % | View data | |
| 46 |
#46
Luxembourg
|
2,412.70 | 2020 | -16.5 % | +0.0 % | View data | |