Latvia vs Paraguay: Gross capital formation
Gross capital formation over time
- Latvia
- Paraguay
How they compare
Paraguay currently reports 12.46 billion current US$ against 11.70 billion current US$ in Latvia, a difference of 765.10 million current US$.
That makes Paraguay's figure about 1.1 times Latvia's.
The two have swapped places 8 times across 31 shared years of data; in 1995 it was Paraguay ahead.
Latvia ranks 88th and Paraguay ranks 87th of 186 countries.
Across the 4 decades both report, Latvia averaged higher in 1 and Paraguay in 3.
Head to head by decade
| Decade | Latvia | Paraguay | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 1.37 billion current US$ | 2.00 billion current US$ | 624.28 million current US$ | Paraguay |
| 2000s | 6.11 billion current US$ | 2.66 billion current US$ | 3.45 billion current US$ | Latvia |
| 2010s | 6.92 billion current US$ | 8.00 billion current US$ | 1.08 billion current US$ | Paraguay |
| 2020s | 9.72 billion current US$ | 9.97 billion current US$ | 258.57 million current US$ | Paraguay |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher gross capital formation, Latvia or Paraguay?
- Paraguay, at 12.46 billion current US$ against 11.70 billion current US$ in Latvia as of 2025.
- What is the difference in gross capital formation between Latvia and Paraguay?
- 765.10 million current US$, with Paraguay ahead.
- How many years of comparable data are there for Latvia and Paraguay?
- 31 years are reported by both, from 1995 to 2025.
- How do Latvia and Paraguay rank globally for gross capital formation?
- Latvia ranks 88th and Paraguay ranks 87th of 186 countries.
- Where does this data come from?
- Country official statistics, National Statistical Organizations and/or Central Banks, published as Gross capital formation (current US$). Statizoid refreshes it automatically from the source and publishes the full history for both places.
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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.