Latvia vs North America: Gross capital formation (current US$), annual growth rate
Latvia
23.84 % change on previous year
in 2025
North America
4.85 % change on previous year
in 2024
Latvia rank
24th
North America rank
22nd
Gross capital formation (current US$), annual growth rate over time
- Latvia
- North America
How they compare
Latvia currently reports 23.84 % change on previous year against 4.85 % change on previous year in North America, a difference of 18.99 % change on previous year.
That makes Latvia's figure about 4.9 times North America's.
The two have swapped places 11 times across 29 shared years of data; in 1996 it was Latvia ahead.
Latvia ranks 24th and North America ranks 22nd of 186 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 | 17.59 % change on previous year | 8.29 % change on previous year | 9.3 % change on previous year | Latvia |
| 2000s | 18.38 % change on previous year | 2.2 % change on previous year | 16.18 % change on previous year | Latvia |
| 2010s | 3.99 % change on previous year | 5.88 % change on previous year | 1.89 % change on previous year | North America |
| 2020s | 5.22 % change on previous year | 6.31 % change on previous year | 1.09 % change on previous year | North America |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher gross capital formation (current us$), annual growth rate, Latvia or North America?
- Latvia, at 23.84 % change on previous year against 4.85 % change on previous year in North America as of 2025.
- What is the difference in gross capital formation (current us$), annual growth rate between Latvia and North America?
- 18.99 % change on previous year, 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 (current us$), annual growth rate?
- Latvia ranks 24th and North America ranks 22nd of 186 countries.
- Where does this data come from?
- Statizoid (derived), published as Gross capital formation (current US$), annual growth rate. Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
The year-on-year percentage change in Gross capital formation (current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.