The goal of Latvia's National Industrial Policy was defined as promoting structural changes in the economy in favour of the production of goods and services with higher added value, including increasing the role of industry, modernising industry and services, and developing export complexity.

In order to achieve the defined goal within the framework of a modern industrial policy, four policy outcome indicators were set.

The plan envisaged that the share of manufacturing in gross domestic product (GDP) would reach 20% by 2020, compared to 14.1% of GDP in 2011. However, this goal was not achieved because, according to information provided by the Ministry of Economics, the share of manufacturing in GDP in 2020 was 12.2%.

The Ministry of Economics explained that Latvia is characterised by a low share of manufacturing in the national economy, and even during years of rapid growth, it did not exceed 14% of GDP. Over the last ten years, the share of the manufacturing sector has stood at 12.3%, which is a lower level than the European Union (EU) average of 16.7%, and also lower than in Lithuania, where it is 19%, and Estonia, where it is 15.6%.