Statizoid

Azerbaijan vs Latvia: Gross fixed capital formation

Azerbaijan
12.37 billion current US$
in 2025
Latvia
11.41 billion current US$
in 2025
Azerbaijan rank
84th
Latvia rank
85th

Gross fixed capital formation over time

  • Azerbaijan
  • Latvia
05.0B10.0B15.0B20.0B199020072025

How they compare

Azerbaijan currently reports 12.37 billion current US$ against 11.41 billion current US$ in Latvia, a difference of 961.20 million current US$.

That makes Azerbaijan's figure about 1.1 times Latvia's.

The two have swapped places 5 times across 31 shared years of data; in 1995 it was Latvia ahead.

Globally, Azerbaijan ranks 84th and Latvia ranks 85th of 180 countries.

Individual pages

About this data

Indicator
Gross fixed capital formation (current US$)
Unit
current US$
Source
Country official statistics, National Statistical Offices (NSOs)
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
223 places, 10,305 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 current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.