Latvia - ICT Value Added
Since 2014, Latvia ICT Value Added jumped by 4.7points year on year. In 2019, the country was number 11 comparing other countries in ICT Value Added with 5.6 Percent of Value Added in Industry and Services. Latvia is overtaken by Czech Republic, which was ranked number 10 at 5.88 Percent of Value Added in Industry and Services and is followed by Costa Rica with 5.54 Percent of Value Added in Industry and Services. Ireland topped the ranking with 14.89 Percent of Value Added in Industry and Services in 2019, an increase of 16.9points versus 2018. Israel, South Africa and Sweden respectively ranked number 2, 3 and 4 in this ranking. Estonia recorded the best 5 years average growth at +8.1points per year, while Chile witnessed the worst performance at -6.9points per year.
| Date | Percent of Value Added in Industry and Services |
|---|---|
| 2019 | 5.60 |
| 2018 | 5.53 |
| 2017 | 5.18 |
| 2016 | 4.86 |
| 2015 | 4.56 |
How does Latvia rank in ICT Value Added?
| # | 42 Countries | Percent of Value Added in Industry and Services | Last | YoY | 5‑years CAGR | ||
|---|---|---|---|---|---|---|---|
| 1 |
#1
Ireland
|
14.89 % | 2019 | +16.9 % | +7.0 % | View data | |
| 2 |
#2
Israel
|
9.90 % | 2019 | +3.9 % | +3.7 % | View data | |
| 10 |
#10
Czech Republic
|
5.88 % | 2019 | +0.9 % | +3.0 % | View data | |
| 11 |
#11
Latvia
|
5.60 % | 2019 | +1.2 % | +4.7 % | View data | |
| 12 |
#12
Costa Rica
|
5.54 % | 2019 | +5.2 % | +4.6 % | View data | |