Latvia vs Tonga: Gross fixed capital formation
Gross fixed capital formation over time
- Latvia
- Tonga
How they compare
Latvia currently reports 9.8% against 9.2% in Tonga, a difference of 0.6%.
That makes Latvia's figure about 1.1 times Tonga's.
The two have swapped places 11 times across 29 shared years of data; in 1996 it was Latvia ahead.
Latvia ranks 41st and Tonga ranks 44th of 166 countries.
Across the 4 decades both report, Latvia averaged higher in 2 and Tonga in 2.
Head to head by decade
| Decade | Latvia | Tonga | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 20.6% | 0.2% | 20.4% | Latvia |
| 2000s | 8.6% | -0.2% | 8.9% | Latvia |
| 2010s | 3.3% | 5.9% | 2.6% | Tonga |
| 2020s | 0.5% | 5.3% | 4.8% | Tonga |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher gross fixed capital formation, Latvia or Tonga?
- Latvia, at 9.8% against 9.2% in Tonga as of 2025.
- What is the difference in gross fixed capital formation between Latvia and Tonga?
- 0.6%, with Latvia ahead.
- How many years of comparable data are there for Latvia and Tonga?
- 29 years are reported by both, from 1996 to 2024.
- How do Latvia and Tonga rank globally for gross fixed capital formation?
- Latvia ranks 41st and Tonga ranks 44th of 166 countries.
- Where does this data come from?
- Country official statistics, National Statistical Offices (NSOs), published as Gross fixed capital formation (annual % growth). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Gross fixed capital formation includes acquisitions less disposals of fixed assets during the accounting period, including certain specified expenditures on services that add to the value of non-produced assets. This indicator denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.