Statizoid

Latvia vs Mongolia: Gross fixed capital formation

Latvia
7.73 billion constant 2015 US$
in 2025
Mongolia
6.51 billion constant 2015 US$
in 2025
Latvia rank
93rd
Mongolia rank
96th

Gross fixed capital formation over time

  • Latvia
  • Mongolia
2.0B4.0B6.0B8.0B10.0B199520102025

How they compare

Latvia currently reports 7.73 billion constant 2015 US$ against 6.51 billion constant 2015 US$ in Mongolia, a difference of 1.22 billion constant 2015 US$.

That makes Latvia's figure about 1.2 times Mongolia's.

Across all 16 years both countries report, Latvia has been ahead every year.

Globally, Latvia ranks 93rd and Mongolia ranks 96th of 160 countries.

Individual pages

About this data

Indicator
Gross fixed capital formation (constant 2015 US$)
Unit
constant 2015 US$
Source
Country official statistics, National Statistical Organizations and/or Central Banks
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
193 places, 8,101 data points, 1960–2025
Last refreshed

Gross fixed capital formation includes acquisitions less disposals of fixed assets during the accounting period, including certain specified expenditures on services that add to the value of non-produced assets. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2015. This indicator is expressed in United States dollars.