Gross fixed capital formation in Latvia
Latvia: Gross fixed capital formation was 7.73 billion constant 2015 US$ in 2025. ▲ Rising
Gross fixed capital formation in Latvia, 1995–2025
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant 2015 US$.
Analysis
The most recent figure for gross fixed capital formation in Latvia is 7.73 billion constant 2015 US$, measured in 2025.
That represents a change of up 9.8% on the previous year and up 31.6% over ten years.
Over the whole period, gross fixed capital formation in Latvia peaked at 10.15 billion constant 2015 US$ in 2007 and was at its lowest, 1.44 billion constant 2015 US$, in 1995.
Latvia ranks 93rd of 160 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 31 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 2.22 billion constant 2015 US$ | 1.44 billion constant 2015 US$ | 2.90 billion constant 2015 US$ | 5 |
| 2000s | 6.20 billion constant 2015 US$ | 3.49 billion constant 2015 US$ | 10.15 billion constant 2015 US$ | 10 |
| 2010s | 6.02 billion constant 2015 US$ | 4.40 billion constant 2015 US$ | 6.91 billion constant 2015 US$ | 10 |
| 2020s | 7.25 billion constant 2015 US$ | 6.74 billion constant 2015 US$ | 7.73 billion constant 2015 US$ | 6 |
Countries ranked near Latvia
- 90 Estonia 8.09 billion constant 2015 US$ compare
- 91 Libya 7.95 billion constant 2015 US$ compare
- 92 El Salvador 7.81 billion constant 2015 US$ compare
- 94 Guinea 7.37 billion constant 2015 US$ compare
- 95 Honduras 6.64 billion constant 2015 US$ compare
- 96 Mongolia 6.51 billion constant 2015 US$ compare
More economy & growth data for Latvia
- DEC alternative conversion factor 0.885 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) 849.88 million current LCU (2024)
- Net secondary income (Net current transfers from abroad) 919.89 million current US$ (2024)
- Taxes less subsidies on products 5.62 billion current LCU (2025)
- Taxes less subsidies on products 6.35 billion current US$ (2025)
- Net primary income (Net income from abroad) -836.82 million current LCU (2024)
- Net primary income (Net income from abroad) -905.76 million current US$ (2024)
- GNI per capita 23,085 current LCU (2025)
- GNI per capita, Atlas method 24,980 current US$ (2025)
- GNI 42.66 billion current LCU (2025)
Frequently asked questions
- What is gross fixed capital formation in Latvia?
- Gross fixed capital formation in Latvia was 7.73 billion constant 2015 US$ in 2025, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross fixed capital formation recorded in Latvia?
- The highest recorded value was 10.15 billion constant 2015 US$ in 2007.
- What is the lowest gross fixed capital formation recorded in Latvia?
- The lowest recorded value was 1.44 billion constant 2015 US$ in 1995.
- How does Latvia rank for gross fixed capital formation?
- Latvia ranks 93rd out of 160 countries with data for 2025.
- Is gross fixed capital formation rising or falling in Latvia?
- Over the last ten years it is up 31.6%. The long-run trend across the full record is rising.
- Where does this Latvia data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of Gross fixed capital formation (constant 2015 US$). Statizoid updates them automatically from the source API.
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About this data
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.