Latvia vs North America: Gross capital formation
Latvia
18.3%
in 2025
North America
3.2%
in 2024
Latvia rank
18th
North America rank
18th
Gross capital formation over time
- Latvia
- North America
How they compare
Latvia currently reports 18.3% against 3.2% in North America, a difference of 15.1%.
That makes Latvia's figure about 5.7 times North America's.
The two have swapped places 13 times across 29 shared years of data; in 1996 it was Latvia ahead.
Latvia ranks 18th and North America ranks 18th of 169 countries.
Across the 4 decades both report, Latvia averaged higher in 2 and North America in 2.
Head to head by decade
| Decade | Latvia | North America | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 21.0% | 8.2% | 12.8% | Latvia |
| 2000s | 8.4% | 0.2% | 8.2% | Latvia |
| 2010s | 4.6% | 4.9% | 0.4% | North America |
| 2020s | 1.0% | 2.7% | 1.7% | North America |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher gross capital formation, Latvia or North America?
- Latvia, at 18.3% against 3.2% in North America as of 2025.
- What is the difference in gross capital formation between Latvia and North America?
- 15.1%, with Latvia ahead.
- How many years of comparable data are there for Latvia and North America?
- 29 years are reported by both, from 1996 to 2024.
- How do Latvia and North America rank globally for gross capital formation?
- Latvia ranks 18th and North America ranks 18th of 169 countries.
- 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.