Estonia vs Latvia: Gross capital formation (constant 2015 US$), per square kilometre

Estonia
169,203 constant 2015 US$ per square kilometre
in 2023
Latvia
146,211 constant 2015 US$ per square kilometre
in 2023
Estonia rank
64th
Latvia rank
67th

Gross capital formation (constant 2015 US$), per square kilometre over time

  • Estonia
  • Latvia
50.0k100.0k150.0k200.0k199320082023

How they compare

Estonia currently reports 169,203 constant 2015 US$ per square kilometre against 146,211 constant 2015 US$ per square kilometre in Latvia, a difference of 22,992 constant 2015 US$ per square kilometre.

That makes Estonia's figure about 1.2 times Latvia's.

The two have swapped places 2 times across 29 shared years of data; in 1995 it was Estonia ahead.

Estonia ranks 64th and Latvia ranks 67th of 160 countries.

Estonia has averaged higher in every one of the 4 decades both report.

Head to head by decade

Decade Estonia Latvia Difference Ahead
1990s 50,370 constant 2015 US$ per square kilometre 39,867 constant 2015 US$ per square kilometre 10,503 constant 2015 US$ per square kilometre Estonia
2000s 118,610 constant 2015 US$ per square kilometre 112,506 constant 2015 US$ per square kilometre 6,104 constant 2015 US$ per square kilometre Estonia
2010s 142,536 constant 2015 US$ per square kilometre 108,358 constant 2015 US$ per square kilometre 34,178 constant 2015 US$ per square kilometre Estonia
2020s 181,666 constant 2015 US$ per square kilometre 142,191 constant 2015 US$ per square kilometre 39,474 constant 2015 US$ per square kilometre Estonia

Averages of every year both report within each decade.

Frequently asked questions

Which has higher gross capital formation (constant 2015 us$), per square kilometre, Estonia or Latvia?
Estonia, at 169,203 constant 2015 US$ per square kilometre against 146,211 constant 2015 US$ per square kilometre in Latvia as of 2023.
What is the difference in gross capital formation (constant 2015 us$), per square kilometre between Estonia and Latvia?
22,992 constant 2015 US$ per square kilometre, with Estonia ahead.
How many years of comparable data are there for Estonia and Latvia?
29 years are reported by both, from 1995 to 2023.
How do Estonia and Latvia rank globally for gross capital formation (constant 2015 us$), per square kilometre?
Estonia ranks 64th and Latvia ranks 67th of 160 countries.
Where does this data come from?
Statizoid (derived), published as Gross capital formation (constant 2015 US$), per square kilometre. Statizoid refreshes it automatically from the source and publishes the full history for both places.

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Estonia vs Latvia: Gross capital formation (constant 2015 US$), per square kilometre. Statizoid, drawing on Statizoid (derived). Retrieved 05 September 2026, from https://economy.statizoid.com/compare/gross-capital-formation-constant-2015-us-per-square-kilometre/estonia/latvia/

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About this data

Indicator
Gross capital formation (constant 2015 US$), per square kilometre
Unit
constant 2015 US$ per square kilometre
Source
Statizoid (derived)
Licence
Derived by Statizoid from the sources named on the page
Coverage
200 places, 7,878 data points, 1961–2023
Last refreshed

Gross capital formation (constant 2015 US$) divided by Land area (sq. km), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.