Latest reading: Industrial production increased 3.8% on a year-on-year basis in March, following a 3.8% decline in the previous 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. %) | 6.5 | 0.8 | -6.0 | -2.4 | 4.0 |
Industrial production decelerates in February
Latest reading: Industrial production increased 4.0% in annual terms in February, following 13.3% growth in the previous month. Relative to the previous month's figures, readings in February softened for manufacturing (-2.2% on a year-on-year basis vs +1.3% in January), mining and quarrying (-37.2% vs -30.8% in January) and electricity and gas supply (+24.6% vs +57.0% in January). On a seasonally adjusted month-on-month basis, industrial production fell 1.3% in February, following 3.1% growth 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
-
Slovenia: Industrial production rebounds in March -
Sweden: Industrial production shrinks in March Latest reading: Industrial production—excluding energy—declined 1.5% in calendar- and seasonally adjusted month-on-month terms in March, following a 4.6% rise in... -
Vietnam: Industrial production speeds up in April Latest reading: Industrial production was up 9.9% on a year-on-year basis in April, following a 6.9% increase in the prior... -
Denmark: Manufacturing production returns to growth in March Latest reading: Manufacturing production was up 8.6% in seasonally adjusted month-on-month terms in March, following a 4.5% fall in the... -
Argentina: Manufacturing production rebounds in March Latest reading: Manufacturing production was up 5.0% on a year-on-year basis in March, following a 8.6% decline in the prior... -
France: Industrial production returns to growth in March Latest reading: Industrial production—excluding construction—was up 1.0% on a working-day and seasonally adjusted month-on-month basis in March, following a 0.9%... -
Portugal: Industrial production returns to growth in March Latest reading: Industrial production rose 3.2% in calendar and seasonally adjusted month-on-month terms in March, following a 0.3% drop in...