Latest reading: Industrial production increased 17.8% on a year-on-year basis in February, following a 27.9% increase in the prior month....
Industrial Production in Latvia
The Latvian economy recorded an average industrial production growth rate of 1.6% in the decade to 2024. In 2024, industrial production growth was -2.2%. For more industry information, visit our dedicated page.
Latvia Industry Chart
Note: This chart displays Industrial Production (annual variation in %) for Latvia from 2014 to 2025.
Source: Macrobond.
Latvia Industry Data
| 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|
| Industrial Production (ann. var. %) | 6.4 | 0.8 | -6.0 | -2.4 | 4.0 |
Industrial production accelerates in January
Latest reading: Industrial production increased 13.3% in annual terms in January, following a 1.0% rise in the prior month. January's reading was the strongest since April 2021. Relative to the previous month's data, readings in January improved for manufacturing (+1.3% on a year-on-year basis vs +0.2% in December) and electricity and gas supply (+57.0% vs +8.8% in December). In contrast, the reading for mining and quarrying softened in January (-30.8% vs -18.6% in December). In seasonally adjusted month-on-month terms, industrial production was up 3.3% in January, following a 0.8% fall in the previous month.
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Latvian industry projections for the next ten years from a panel of 6 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable industry forecast available for Latvian industry.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Latvian industry projections.
Want to get access to the full dataset of Latvian industry forecasts? Send an email to info@focus-economics.com.
Latest Global Industrial production News
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Taiwan: Industrial production slows in February -
Poland: Industrial production rebounds in February Latest reading: Industrial production was up 1.5% on a year-on-year basis in February, following a 1.5% decline in the previous... -
Japan: Industrial production accelerates in January Latest reading: Industrial production increased 4.3% in seasonally adjusted month-on-month terms in January, following a 0.6% increase in the previous... -
Belarus: Industrial production falls at a faster pace in February Latest reading: Industrial production was down 3.7% on a year-on-year basis in February, following a 3.4% fall in the previous... -
Kazakhstan: Industrial production recovers in February Latest reading: Industrial production rose 3.2% on a year-on-year basis in February, following a 6.6% decline in the previous month.... -
Taiwan: Industrial production speeds up in January Latest reading: Industrial production rose 28.5% in annual terms in January, following a 23.1% increase in the prior month. January’s... -
Cyprus: Industrial production speeds up in January Latest reading: Industrial production increased 4.6% on a calendar-adjusted year-on-year basis in January, following 2.2% growth in the prior month....