Estonia vs Latvia: Gross capital formation
Estonia
11.69 billion current US$
in 2025
Latvia
11.70 billion current US$
in 2025
Estonia rank
89th
Latvia rank
88th
Gross capital formation over time
- Estonia
- Latvia
How they compare
Latvia currently reports 11.70 billion current US$ against 11.69 billion current US$ in Estonia, a difference of 9.30 million current US$.
The two have swapped places 5 times across 31 shared years of data; in 1995 it was Estonia ahead.
Estonia ranks 89th and Latvia ranks 88th of 187 countries.
Across the 4 decades both report, Estonia averaged higher in 2 and Latvia in 2.
Head to head by decade
| Decade | Estonia | Latvia | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 1.47 billion current US$ | 1.37 billion current US$ | 102.17 million current US$ | Estonia |
| 2000s | 4.59 billion current US$ | 6.11 billion current US$ | 1.52 billion current US$ | Latvia |
| 2010s | 6.70 billion current US$ | 6.92 billion current US$ | 222.62 million current US$ | Latvia |
| 2020s | 10.72 billion current US$ | 9.72 billion current US$ | 1.00 billion current US$ | Estonia |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher gross capital formation, Estonia or Latvia?
- Latvia, at 11.70 billion current US$ against 11.69 billion current US$ in Estonia as of 2025.
- What is the difference in gross capital formation between Estonia and Latvia?
- 9.30 million current US$, with Latvia ahead.
- How many years of comparable data are there for Estonia and Latvia?
- 31 years are reported by both, from 1995 to 2025.
- How do Estonia and Latvia rank globally for gross capital formation?
- Estonia ranks 89th and Latvia ranks 88th of 187 countries.
- Where does this data come from?
- Country official statistics, National Statistical Organizations and/or Central Banks, published as Gross capital formation (current US$). 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 is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.