Industrial production in Latvia rose 4.7 percent year-on-year in December of 2020, up from an upwardly revised 3.1 percent increase in the previous month. It was the strongest expansion in industrial activity since September of 2019, driven by manufacturing (5.1 percent vs 4.8 percent in November) and mining & quarrying (15.2 percent vs 20 percent). At the same time, output fell much less for electricity & gas supply (-0.6 percent vs 9.9 percent). In 2020, industrial activity shrank 1.7 percent compared to the same period a year earlier. source: Central Statistical Bureau of Latvia

Industrial Production in Latvia averaged 3.69 percent from 2000 until 2020, reaching an all time high of 23.20 percent in October of 2010 and a record low of -25.90 percent in March of 2009. This page provides the latest reported value for - Latvia Industrial Production - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Latvia Industrial Production - data, historical chart, forecasts and calendar of releases - was last updated on March of 2021.

Industrial Production in Latvia is expected to be 2.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Industrial Production in Latvia to stand at 2.00 in 12 months time. In the long-term, the Latvia Industrial Production is projected to trend around 2.00 percent in 2022 and 4.00 percent in 2023, according to our econometric models.

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Latvia Industrial Production

Actual Previous Highest Lowest Dates Unit Frequency
4.70 3.10 23.20 -25.90 2000 - 2020 percent Monthly
2010=100, WDA


Calendar GMT Actual Previous Consensus TEForecast
2020-11-03 11:00 AM Industrial Production YoY Sep -2.8% -2.9% -1%
2020-12-04 11:00 AM Industrial Production YoY Oct -1.2% -2.8% -3.5%
2021-01-04 11:00 AM Industrial Production YoY Nov 2.7% -1.2% -0.9%
2021-02-03 11:00 AM Industrial Production YoY Dec 4.7% 3.1% 3.2%
2021-03-08 11:00 AM Industrial Production YoY Jan 4.7% 2%
2021-04-02 10:00 AM Industrial Production YoY Feb
2021-05-05 10:00 AM Industrial Production YoY Mar
2021-06-03 10:00 AM Industrial Production YoY Apr


News Stream
Latvia Industrial Output Growth at Over 1-Year High
Industrial production in Latvia rose 4.7 percent year-on-year in December of 2020, up from an upwardly revised 3.1 percent increase in the previous month. It was the strongest expansion in industrial activity since September of 2019, driven by manufacturing (5.1 percent vs 4.8 percent in November) and mining & quarrying (15.2 percent vs 20 percent). At the same time, output fell much less for electricity & gas supply (-0.6 percent vs 9.9 percent). In 2020, industrial activity shrank 1.7 percent compared to the same period a year earlier.
2021-02-03
Latvia Industrial Output Rebounds in November
Industrial production in Latvia rose 2.7 percent year-on-year in November of 2020, rebounding from a 1.2 percent drop in the previous month. It was the first gain in industrial activity since July, as output advanced faster for both manufacturing (4.3 percent vs 1 percent in October) and mining & quarrying (20.5 percent vs 14.2 percent). In addition, production of electricity & gas supply fell at a softer pace (-10 percent vs -17.5 percent). On a monthly basis, industrial production advanced 1.5 percent, after being unchanged in October.
2021-01-04
Latvia Industrial Output Shrinks for 3rd Month
Industrial production in Latvia fell 1.2 percent year-on-year in October of 2020, following a 2.8 percent decline in the previous month. It was the third consecutive month of falling industrial activity amid the pandemic crisis. On a monthly basis, industrial production went down 0.1 percent, after a 0.5 percent increase in the previous month.
2020-12-04
Latvia Industrial Output Falls 2.8% YoY in September
Industrial production in Latvia fell 2.8 percent over a year earlier in September of 2020, following a downwardly revised 2.9 percent decline in the prior month, amid the coronavirus crisis. Output continued to fall for electricity and gas supply (-22.7 percent vs -11.7 percent in August) and manufacturing (-0.6 percent vs -1.4 percent). In contrast, production jumped for mining & quarrying (21.8 percent vs 1.9 percent). On a seasonally adjusted monthly basis, industrial production increased 0.5 percent, reversing an upwardly revised 0.5 percent drop in the previous month.
2020-11-03

Latvia Industrial Production
In Latvia, industrial production measures the output of businesses integrated in industrial sector of the economy such as manufacturing, mining, and utilities.