Latvia's industrial economy does not include

Shipbuilding is not included in Latvia's industrial economy.

Ship building.

Explanation:

As Latvia is has a small and open economy and us thus exports that contribute to half of the GDP and due to the geographical location has a well developed and established transit services,  with the wood-processing, the agriculture and has the manufacturing of machinery and electronics industries. It also has a machine-building and metalworking as the major sector of the economy.

The answer is false,  hope my answer is : )

Forms from the water cycle