Latvia - Manufacturing Value Added
Since 2014, Latvia Manufacturing Value Added increased 0points year on year. At 11.94 Percent of Value Added in Industry and Services in 2019, the country was number 32 comparing other countries in Manufacturing Value Added. Latvia is overtaken by Brazil, which was ranked number 31 with 11.96 Percent of Value Added in Industry and Services and is followed by United States with 11.48 Percent of Value Added in Industry and Services. Ireland lead the ranking with 33.5 Percent of Value Added in Industry and Services in 2019, a decrease of 4.1points versus 2018. South Korea, Czech Republic and Slovenia respectively ranked number 2, 3 and 4 in this ranking. Ireland witnessed the best average annual growth at +9points per year, while Iceland recorded the worst performance at -5.2points per year.
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| Date | Percent of Value Added in Industry and Services |
|---|---|
| 2019 | 11.94 |
| 2018 | 12.17 |
| 2017 | 11.99 |
| 2016 | 11.64 |
| 2015 | 11.91 |
How does Latvia rank in Manufacturing Value Added?
| # | 43 Countries | Percent of Value Added in Industry and Services | Last | YoY | 5‑years CAGR | ||
|---|---|---|---|---|---|---|---|
| 1 |
#1
Ireland
|
33.50 % | 2019 | -4.1 % | +9.0 % | View data | |
| 2 |
#2
South Korea
|
27.66 % | 2019 | -5.0 % | -1.3 % | View data | |
| 31 |
#31
Brazil
|
11.96 % | 2019 | -1.5 % | -0.1 % | View data | |
| 32 |
#32
Latvia
|
11.94 % | 2019 | -1.9 % | +0.0 % | View data | |
| 33 |
#33
United States
|
11.48 % | 2019 | -1.7 % | -1.0 % | View data | |