Eurostat: Latvia has more than 200 hi-tech manufacturing businesses

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Fresh figures from Eurostat give a snapshot of where Latvia's hi-tech sector stands in relation to its European Union peers.

The data published September 22 says the EU had an estimated number of 42 848 enterprises in the high-tech manufacturing sector in 2020, which represents 0.2 % of the total number of enterprises in the EU.

High-tech manufacturers were most numerous in Germany (9 798), Italy (5 459) and Poland (4 314). They had the highest turnover in Germany (€211 billion), France (€147 billion) and Italy (€56 billion) and the highest value added in Germany (€73 billion), France (€39 billion) and Italy (€21 billion).

Relative to the total business population, the share of high-tech manufacturers was highest in Germany (0.4 %), Czechia, Denmark, Croatia, Slovenia and Finland (all 0.3 %).

Relative to the turnover in the total business population the share of high-tech manufacturers was highest in Hungary (5.8 %), Finland (5.4 %) and France (4.0 %). Relative to the value added in the total business population, the share of high-tech manufacturers was highest in Belgium (6.9 %), Hungary (5.5 %), France and Finland (both 4.0 %).

As far as Latvia's figures are concerned, the country had 213 enterprises classed as high-tech manufacturers. Interestingly, that figure is larger than both Estonia (149 enterprises) and Lithuania (170 enterprises).

Turnover was 734 million euros, production value was 698 million euros and value added was 269 million euros.

Hi-tech manufacturing in EU, 2020
Hi-tech manufacturing in EU, 2020

 

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