Latvia: ICT manufacturing industry production value 2021

The production value of the ICT manufacturing industry in Latvia increased by 30 million euros (+6.95 percent) in 2021 in comparison to the previous year. Therefore, the production value in Latvia reached a peak in 2021 with 461.4 million euros.
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 ICT manufacturing industry in Latvia with key insights such as turnover and number of employees.

Annual production value of the information and communication technology (ICT) manufacturing industry in Latvia from 2012 to 2021 (in million euros)

Characteristic	Annual production value in million euros
2021	461.4
2020	431.4
2019	347.2
2018	319.2
2017	336.4
2016	283.7
2015	279.9
2014	176.9
2013	165.3
2012	119.6

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Release date

March 2024

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Region

Latvia

Survey time period

2012 to 2021

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 C_ICT of CE Rev2.

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