Gross fixed capital formation in Latvia
Latvia: Gross fixed capital formation was 10.10 billion current LCU in 2025. ◆ Volatile
Gross fixed capital formation in Latvia, 1995–2025
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current LCU.
Analysis
In 2025, gross fixed capital formation in Latvia stood at 10.10 billion current LCU. That is the highest value across all 31 years on record.
Compared with earlier readings it is up 11.7% on the previous year and up 90.6% over ten years.
Over the whole period, gross fixed capital formation in Latvia peaked at 10.10 billion current LCU in 2025 and was at its lowest, 557.99 million current LCU, in 1995.
Latvia ranks 149th of 180 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1.02 billion current LCU | 557.99 million current LCU | 1.41 billion current LCU | 5 |
| 2000s | 4.13 billion current LCU | 1.69 billion current LCU | 8.20 billion current LCU | 10 |
| 2010s | 5.36 billion current LCU | 3.46 billion current LCU | 6.72 billion current LCU | 10 |
| 2020s | 8.53 billion current LCU | 6.73 billion current LCU | 10.10 billion current LCU | 6 |
Countries ranked near Latvia
- 146 Luxembourg 13.41 billion current LCU compare
- 147 Bosnia and Herzegovina 13.10 billion current LCU compare
- 148 Oman 10.52 billion current LCU compare
- 150 Estonia 10.08 billion current LCU compare
- 151 El Salvador 9.98 billion current LCU compare
- 152 Kuwait 8.26 billion current LCU 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 10.10 billion current LCU 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 10.10 billion current LCU in 2025.
- What is the lowest gross fixed capital formation recorded in Latvia?
- The lowest recorded value was 557.99 million current LCU in 1995.
- How does Latvia rank for gross fixed capital formation?
- Latvia ranks 149th out of 180 countries with data for 2025.
- Is gross fixed capital formation rising or falling in Latvia?
- Over the last ten years it is up 90.6%. The long-run trend across the full record is volatile.
- 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 (current LCU). Statizoid updates them automatically from the source API.
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CSV · JSON — 31 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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 current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.