The production value of the basic pharmaceutical products and pharmaceutical preparations manufacturing industry in Latvia dropped to 212.3 million euros in 2020. This was the first time during the observed period that the production value in this industry declined in Latvia.
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 capitalized production, plus other operating income (excluding subsidies). Income and expenditure classified as financial or extra-ordinary in company accounts is excluded from production value.
Production value of the manufacture of basic pharmaceutical products and pharmaceutical preparations in Latvia from 2005 to 2020
(in million euros)
p: Provisional value. 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 C21 of NACE Rev2.
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Eurostat. (February 3, 2022). Production value of the manufacture of basic pharmaceutical products and pharmaceutical preparations in Latvia from 2005 to 2020 (in million euros) [Graph]. In Statista. Retrieved May 22, 2022, from https://www.statista.com/statistics/945948/production-value-manufacturing-pharmaceutical-products-preparations-latvia/
Eurostat. "Production value of the manufacture of basic pharmaceutical products and pharmaceutical preparations in Latvia from 2005 to 2020 (in million euros)." Chart. February 3, 2022. Statista. Accessed May 22, 2022. https://www.statista.com/statistics/945948/production-value-manufacturing-pharmaceutical-products-preparations-latvia/
Eurostat. (2022). Production value of the manufacture of basic pharmaceutical products and pharmaceutical preparations in Latvia from 2005 to 2020 (in million euros). Statista. Statista Inc.. Accessed: May 22, 2022. https://www.statista.com/statistics/945948/production-value-manufacturing-pharmaceutical-products-preparations-latvia/
Eurostat. "Production Value of The Manufacture of Basic Pharmaceutical Products and Pharmaceutical Preparations in Latvia from 2005 to 2020 (in Million Euros)." Statista, Statista Inc., 3 Feb 2022, https://www.statista.com/statistics/945948/production-value-manufacturing-pharmaceutical-products-preparations-latvia/
Eurostat, Production value of the manufacture of basic pharmaceutical products and pharmaceutical preparations in Latvia from 2005 to 2020 (in million euros) Statista, https://www.statista.com/statistics/945948/production-value-manufacturing-pharmaceutical-products-preparations-latvia/ (last visited May 22, 2022)
