Azerbaijan vs Latvia: Gross capital formation (current US$), per square kilometre

Azerbaijan
155,488 current US$ per square kilometre
in 2023
Latvia
169,741 current US$ per square kilometre
in 2023
Azerbaijan rank
82nd
Latvia rank
79th

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

  • Azerbaijan
  • Latvia
0100.0k200.0k300.0k199220072023

How they compare

Latvia currently reports 169,741 current US$ per square kilometre against 155,488 current US$ per square kilometre in Azerbaijan, a difference of 14,253 current US$ per square kilometre.

That makes Latvia's figure about 1.1 times Azerbaijan's.

The two have swapped places 4 times across 29 shared years of data; in 1995 it was Latvia ahead.

Azerbaijan ranks 82nd and Latvia ranks 79th of 184 countries.

Across the 4 decades both report, Azerbaijan averaged higher in 1 and Latvia in 3.

Head to head by decade

Decade Azerbaijan Latvia Difference Ahead
1990s 13,362 current US$ per square kilometre 22,058 current US$ per square kilometre 8,696 current US$ per square kilometre Latvia
2000s 60,185 current US$ per square kilometre 98,111 current US$ per square kilometre 37,926 current US$ per square kilometre Latvia
2010s 159,653 current US$ per square kilometre 111,264 current US$ per square kilometre 48,388 current US$ per square kilometre Azerbaijan
2020s 126,372 current US$ per square kilometre 149,268 current US$ per square kilometre 22,896 current US$ per square kilometre Latvia

Averages of every year both report within each decade.

Frequently asked questions

Which has higher gross capital formation (current us$), per square kilometre, Azerbaijan or Latvia?
Latvia, at 169,741 current US$ per square kilometre against 155,488 current US$ per square kilometre in Azerbaijan as of 2023.
What is the difference in gross capital formation (current us$), per square kilometre between Azerbaijan and Latvia?
14,253 current US$ per square kilometre, with Latvia ahead.
How many years of comparable data are there for Azerbaijan and Latvia?
29 years are reported by both, from 1995 to 2023.
How do Azerbaijan and Latvia rank globally for gross capital formation (current us$), per square kilometre?
Azerbaijan ranks 82nd and Latvia ranks 79th of 184 countries.
Where does this data come from?
Statizoid (derived), published as Gross capital formation (current US$), per square kilometre. Statizoid refreshes it automatically from the source and publishes the full history for both places.

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Azerbaijan vs Latvia: Gross capital formation (current US$), per square kilometre. Statizoid, drawing on Statizoid (derived). Retrieved 09 September 2026, from https://economy.statizoid.com/compare/gross-capital-formation-current-us-per-square-kilometre/azerbaijan/latvia/

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About this data

Indicator
Gross capital formation (current US$), per square kilometre
Unit
current US$ per square kilometre
Source
Statizoid (derived)
Licence
Derived by Statizoid from the sources named on the page
Coverage
227 places, 10,293 data points, 1961–2023
Last refreshed

Gross capital formation (current 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.