In 2021, industrial production output increased by 6.5 %

Data compiled by the Central Statistical Bureau (CSB) show that in 2020, compared to 2021, industrial production output¹ according to calendar adjusted data at constant prices rose by 6.5 %. It was affected by the output increase in manufacturing - by 7.3%, mining and quarrying - by 4.7 %, and in electricity and gas supply - 2.9 %.

Of the 22 manufacturing industries, 17 demonstrated output growth in 2021, including the two out of the three sectors having the largest share in manufacturing: manufacture of wood and of products of wood and cork and manufacture of fabricated metal products, except machinery and equipment (increase of 3.7 % and 10 % respectively).  Increase in output, compared to the previous year, was affected by the output increase in manufacture of motor vehicles, trailers and semi-trailers by 34.5 %, manufacture of chemicals and chemical products by 24.9 %, manufacture of furniture by 24.3 % and manufacture of machinery and equipment n.e.c by 23.2 %.

In turn, the decrease in output were recorded in the second largest sector by share - manufacture of food products by 0.6 %, repair and installation of machinery and equipment by 8.6 %, manufacture of other transport equipment and manufacture of basic metals.

In December 2021, compared to December 2020, industrial production output according to calendar adjusted data at constant prices increased by 7.1 %. Increase in production output was in manufacturing - by 5.9 % and in electricity and gas supply - by 18 %, with a significant increase in the volume of electricity produced by hydro-power plants and the supply of gas to consumers.  In mining and quarrying, on the other hand, the output fell by 11.5 %

Compared to December 2020, output increase was demonstrated by most manufacturing industries, including medium-high-technology industries: production of chemicals and chemical products - by 42.4 %, production of motor vehicles, trailers and semi-trailers - by 36.2 %, manufacture of machinery and equipment - by 33.3 %. Output also increased in the manufacture of textiles - by 42.2 %, in printing and reproduction of recorded media - by 39.6 %, as well as in the manufacture of fabricated metal products, except machinery and equipment, and in the manufacture of food products (by 18 % and 1 %, respectively).

In turn, the decrease in production was in the manufacture of wood and wood products - by 10.5 %, in the manufacture of paper and paper products - by 7.8 % and in the manufacture of computer, electronic and optical products.

In December 2021, compared to November, industrial production output according to seasonally adjusted data at constant prices increased by 3.8 %, including in manufacturing - by 2.1 % and in electricity and gas supply - by 28.7 %, while in mining and quarrying and output it decreased by 7.3 %.

Changes in industrial production output

(as per cent, at constant prices)

* Repair and maintenance of ships and boats, repair of fabricated metal products, machinery and equipment, installation of industrial machinery and equipment.

Manufacturing turnover²

In 2021, compared to 2020, manufacturing turnover according to calendar adjusted data at current prices increased by 21 %. It was affected by an increase by 15.9 % in the domestic market and by 23.5 % in exports (including 16.3 % in the euro area and 29.5 % outside the euro area).

In December 2021, compared to December 2020, the turnover of manufacturing increased by 18.9 % according to calendar adjusted data. It was affected by an increase of 13.3 % in the domestic market and by 21.9 % in exports (including 29.3 % in the euro area and 16.4 % outside the euro area).

In December 2021, compared to November, the turnover of manufacturing increased by 1.7 % according to seasonally adjusted data. The turnover in exports increased by 2.7 % (of which in the euro area - by 7.5 %, but outside the euro area - a decrease of 1.2 %), while the turnover in the domestic market decreased by 0.7 %.

Taking into account the information obtained and updated from the respondents for October and November 2021, adjustments were made to the data on manufacturing statistics for these months.                                                             

Methodological explanations

¹ Industrial production is calculated by summing the self-produced products sold and industrial services provided in a given month with the changes in stocks of finished products and work in progress. The volume index of industrial production describes changes in the volume of industrial production during the reference period in comparison to the base period. The index is estimated by recalculating the production output indicator at constant prices with the help of producer price indices. 

²Industrial turnover is the self-produced products sold and industrial services provided in a given month. The industrial turnover index measures the monthly development of market demand for industrial goods and services. It is calculated at current prices without excluding price influence. Unlike industrial goods that also include unfinished goods and goods in stock, turnover only includes the goods sold and industrial services provided.  

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More information on data:
Mārīte Baranova
Industrial and Construction Statistics Section
E-mail: Marite.Baranova@csp.gov.lv
Phone: +371 67366830