Latvia: telecommunications sector production value 2021

The production value of the telecommunications industry in Latvia increased by 45.7 million euros (+6.52 percent) in 2021. In total, the production value amounted to 746.81 million euros in 2021.
The production value is defined as turnover, plus or minus the changes in stocks of finished products, work in progress and goods and services purchased for resale, minus the purchases of goods and services for resale, plus capitalized production, plus other operating income (excluding subsidies). Income and expenditure classified as financial or extra-ordinary in company accounts is excluded from production value.

Find more statistics on the telecommunications industry in Latvia with key insights such as turnover, personnel costs, and number of employees.

Annual production value of the telecommunications sector in Latvia from 2012 to 2021 (in million euros)

Characteristic	Annual production value in million euros
2021	746.81
2020	701.1
2019	760.3
2018	758.9
2017	632.1
2016	659.5
2015	646.9
2014	644.7
2013	676.1
2012	712.3

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Release date

March 2024

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Region

Latvia

Survey time period

2012 to 2021

Supplementary notes

The source adds the following information: Production value measures the amount actually produced by the unit, based on sales, including changes in stocks and the resale of goods and services. The production value is defined as turnover, plus or minus the changes in stocks of finished products, work in progress and goods and services purchased for resale, minus the purchases of goods and services for resale, plus capitalised production, plus other operating income (excluding subsidies). Income and expenditure classified as financial or extra-ordinary in company accounts is excluded from production value.
Data coverage corresponds to Section J61 of CE Rev. 2.

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