Greenland vs Latvia: Gross fixed capital formation
Gross fixed capital formation over time
- Greenland
- Latvia
How they compare
Latvia currently reports 7.72 billion constant LCU against 6.54 billion constant LCU in Greenland, a difference of 1.19 billion constant LCU.
That makes Latvia's figure about 1.2 times Greenland's.
The two have swapped places 2 times across 21 shared years of data; in 2003 it was Latvia ahead.
Greenland ranks 141st and Latvia ranks 138th of 167 countries.
Latvia has averaged higher in every one of the 3 decades both report.
Head to head by decade
| Decade | Greenland | Latvia | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 3.35 billion constant LCU | 7.19 billion constant LCU | 3.83 billion constant LCU | Latvia |
| 2010s | 5.12 billion constant LCU | 6.01 billion constant LCU | 897.43 million constant LCU | Latvia |
| 2020s | 6.55 billion constant LCU | 7.17 billion constant LCU | 627.02 million constant LCU | Latvia |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher gross fixed capital formation, Greenland or Latvia?
- Latvia, at 7.72 billion constant LCU against 6.54 billion constant LCU in Greenland as of 2025.
- What is the difference in gross fixed capital formation between Greenland and Latvia?
- 1.19 billion constant LCU, with Latvia ahead.
- How many years of comparable data are there for Greenland and Latvia?
- 21 years are reported by both, from 2003 to 2023.
- How do Greenland and Latvia rank globally for gross fixed capital formation?
- Greenland ranks 141st and Latvia ranks 138th of 167 countries.
- Where does this data come from?
- Country official statistics, National Statistical Organizations and/or Central Banks, published as Gross fixed capital formation (constant LCU). Statizoid refreshes it automatically from the source and publishes the full history for both places.
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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 varies by country. This series is expressed in local currency units.