Latvia: manufacture of furniture production value 2020

In 2020, the production value of the furniture manufacturing industry in Latvia increased by 17.7 million euros (+6.12 percent) since 2019. With 307 million euros, the production value thereby reached its highest value in the observed period. Notably, the production value in this industry continuously increased over the last years.
The value of production is defined by Eurostat as the amount actually produced by the unit, based on sales, including changes in stocks and the resale of goods and services.

Find more statistics on the furniture manufacturing industry in Latvia with key insights such as number of enterprises, turnover, and personnel costs.

Production value of the furniture manufacturing industry in Latvia from 2011 to 2020 (in million euros)

Characteristic	Annual production value in million euros
2020	307
2019	289.3
2018	287.7
2017	259.7
2016	244.3
2015	238.9
2014	233.3
2013	211.8
2012	192.1
2011	159.5

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Release date

March 2023

More information

Region

Latvia

Survey time period

2011 to 2020

Supplementary notes

The source adds the following information: Production value measures the amount actually produced by the unit, based on sales, including changes in stocks and the resale of goods and services. The production value is defined as turnover, plus or minus the changes in stocks of finished products, work in progress and goods and services purchased for resale, minus the purchases of goods and services for resale, plus capitalised production, plus other operating income (excluding subsidies). Income and expenditure classified as financial or extra-ordinary in company accounts is excluded from production value.
Data coverage corresponds to Section C31 of NACE Rev2.

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