Latvia - Production Value of Biotechnology Research and Experimental Development
Since 2014, Latvia Production Value of Biotechnology Research and Experimental Development decreased by 2.3% year on year. With €2.4 Million in 2019, the country was ranked number 24 comparing other countries in Production Value of Biotechnology Research and Experimental Development. Latvia is overtaken by Bulgaria, which was ranked number 23 with €4.2 Million and is followed by Slovakia at €0.7 Million. Germany ranked the highest with €2,560.7 Million in 2019, that is a fall of 5.7% versus 2018. United Kingdom, France and Belgium respectively ranked number 2, 3 and 4 in this ranking. United Kingdom recorded the best 5 years average growth at +47.4% per year, while Slovakia witnessed the worst performance at -11.7% per year.
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| Date | Million Euros |
|---|---|
| 2019 | 2.40 |
| 2018 | 2.40 |
| 2017 | 2.10 |
| 2016 | 1.80 |
| 2015 | 3.50 |
How does Latvia rank in Production Value of Biotechnology Research and Experimental Development?
| # | 25 Countries | Million Euros | Last | YoY | 5‑years CAGR | ||
|---|---|---|---|---|---|---|---|
| 1 |
#1
Germany
|
2,560.70 | 2019 | -5.7 % | +15.8 % | View data | |
| 2 |
#2
United Kingdom
|
2,401.30 | 2019 | +1.8 % | +47.4 % | View data | |
| 23 |
#23
Bulgaria
|
4.20 | 2019 | +0.0 % | +9.2 % | View data | |
| 24 |
#24
Latvia
|
2.40 | 2019 | +0.0 % | -2.3 % | View data | |
| 25 |
#25
Slovakia
|
0.70 | 2019 | -53.3 % | -11.7 % | View data | |