Australia vs Latvia: Gross capital formation, Percent of GDP
Australia
25.04
in 2031
Latvia
25.06
in 2031
Australia rank
13th
Latvia rank
12th
Gross capital formation, Percent of GDP over time
- Australia
- Latvia
How they compare
Latvia currently reports 25.06 against 25.04 in Australia, a difference of 0.02.
The two have swapped places 10 times across 40 shared years of data; in 1992 it was Latvia ahead.
Australia ranks 13th and Latvia ranks 12th of 26 countries.
Across the 5 decades both report, Australia averaged higher in 2 and Latvia in 3.
Head to head by decade
| Decade | Australia | Latvia | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 24.94 | 19.47 | 5.47 | Australia |
| 2000s | 26.54 | 32.93 | 6.39 | Latvia |
| 2010s | 25.62 | 24.21 | 1.4 | Australia |
| 2020s | 24.14 | 24.36 | 0.2237 | Latvia |
| 2030s | 25.01 | 25.05 | 0.0388 | Latvia |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher gross capital formation, percent of gdp, Australia or Latvia?
- Latvia, at 25.06 against 25.04 in Australia as of 2031.
- What is the difference in gross capital formation, percent of gdp between Australia and Latvia?
- 0.02, with Latvia ahead.
- How many years of comparable data are there for Australia and Latvia?
- 40 years are reported by both, from 1992 to 2031.
- How do Australia and Latvia rank globally for gross capital formation, percent of gdp?
- Australia ranks 13th and Latvia ranks 12th of 26 countries.
- Where does this data come from?
- International Monetary Fund, published as Gross capital formation, Percent of GDP (9/26/2025). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
The World Economic Outlook (WEO) database is created during the biannual WEO exercise, which begins in January and June of each year and results in the April and September/October WEO publication. Selected series from the publication are available in a database format.