Latvia vs Mongolia: Gross fixed capital formation
Gross fixed capital formation over time
- Latvia
- Mongolia
How they compare
Latvia currently reports 7.73 billion constant 2015 US$ against 6.51 billion constant 2015 US$ in Mongolia, a difference of 1.22 billion constant 2015 US$.
That makes Latvia's figure about 1.2 times Mongolia's.
Across all 16 years both countries report, Latvia has been ahead every year.
Latvia ranks 94th and Mongolia ranks 97th of 161 countries.
Latvia has averaged higher in every one of the 2 decades both report.
Head to head by decade
| Decade | Latvia | Mongolia | Difference | Ahead |
|---|---|---|---|---|
| 2010s | 6.02 billion constant 2015 US$ | 3.27 billion constant 2015 US$ | 2.76 billion constant 2015 US$ | Latvia |
| 2020s | 7.25 billion constant 2015 US$ | 4.93 billion constant 2015 US$ | 2.32 billion constant 2015 US$ | Latvia |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher gross fixed capital formation, Latvia or Mongolia?
- Latvia, at 7.73 billion constant 2015 US$ against 6.51 billion constant 2015 US$ in Mongolia as of 2025.
- What is the difference in gross fixed capital formation between Latvia and Mongolia?
- 1.22 billion constant 2015 US$, with Latvia ahead.
- How many years of comparable data are there for Latvia and Mongolia?
- 16 years are reported by both, from 2010 to 2025.
- How do Latvia and Mongolia rank globally for gross fixed capital formation?
- Latvia ranks 94th and Mongolia ranks 97th of 161 countries.
- Where does this data come from?
- Country official statistics, National Statistical Organizations and/or Central Banks, published as Gross fixed capital formation (constant 2015 US$). 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 is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2015. This indicator is expressed in United States dollars.