Latin America & Caribbean vs Latvia: Gross capital formation
Latin America & Caribbean
3.1%
in 2025
Latvia
18.3%
in 2025
Latin America & Caribbean rank
19th
Latvia rank
18th
Gross capital formation over time
- Latin America & Caribbean
- Latvia
How they compare
Latvia currently reports 18.3% against 3.1% in Latin America & Caribbean, a difference of 15.2%.
That makes Latvia's figure about 5.9 times Latin America & Caribbean's.
The two have swapped places 10 times across 30 shared years of data; in 1996 it was Latvia ahead.
Latin America & Caribbean ranks 19th and Latvia ranks 18th of 40 groups.
Latvia has averaged higher in every one of the 4 decades both report.
Head to head by decade
| Decade | Latin America & Caribbean | Latvia | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 3.7% | 21.0% | 17.4% | Latvia |
| 2000s | 3.2% | 8.4% | 5.2% | Latvia |
| 2010s | 1.8% | 4.6% | 2.8% | Latvia |
| 2020s | 2.6% | 3.9% | 1.2% | Latvia |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher gross capital formation, Latin America & Caribbean or Latvia?
- Latvia, at 18.3% against 3.1% in Latin America & Caribbean as of 2025.
- What is the difference in gross capital formation between Latin America & Caribbean and Latvia?
- 15.2%, with Latvia ahead.
- How many years of comparable data are there for Latin America & Caribbean and Latvia?
- 30 years are reported by both, from 1996 to 2025.
- How do Latin America & Caribbean and Latvia rank globally for gross capital formation?
- Latin America & Caribbean ranks 19th and Latvia ranks 18th of 40 groups.
- Where does this data come from?
- Country official statistics, National Statistical Organizations and/or Central Banks, published as Gross capital formation (annual % growth). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Gross capital formation includes acquisitions less disposals of produced assets for purposes of fixed capital formation, inventories or valuables. This indicator denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.