Revenue of »research, experimental development on biotechnology« in Latvia 2011-2023

Published by Statista Research Department, Oct 25, 2024

This statistic shows the revenue of the industry »research and experimental development on biotechnology« in Latvia from 2011 to 2016, with a forecast to 2023. It is projected that the revenue of research and experimental development on biotechnology in Latvia will amount to approximately 1,3 million U.S. Dollars by 2023.

This statistic was automatically created using the well-proven Statista forecast algorithm based on similarity parameters to existing analyst forecasts. The basis for the original forecasts is a combination of time series forecasts, driver forecasts (GDP, population etc.) from sources such as World Bank or the International Monetary Fund and business surveys.

Industry revenue of »research, experimental development on biotechnology« in Latvia from 2011 to 2023 (in million U.S. Dollars)

Characteristic	Revenue in million U.S. Dollars
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Supplementary notes

* Estimate - This also applies for past years as data provided by statistical institutions often is not available for more recent years.

Currency conversion factor: (EUR -> USD) = 1.186

The industry classification is based on the NACE Rev.2 - system in Latvia. The industry “research and experimental development on biotechnology“ has the code “M7211“.

Details on the methodology can be found here.

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