Latvia vs Oman: Gross fixed capital formation
Gross fixed capital formation over time
- Latvia
- Oman
How they compare
Oman currently reports 10.52 billion current LCU against 10.10 billion current LCU in Latvia, a difference of 421.70 million current LCU.
The two have swapped places 4 times across 30 shared years of data; in 1995 it was Oman ahead.
Latvia ranks 149th and Oman ranks 148th of 180 countries.
Across the 4 decades both report, Latvia averaged higher in 1 and Oman in 3.
Head to head by decade
| Decade | Latvia | Oman | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 1.02 billion current LCU | 1.27 billion current LCU | 251.60 million current LCU | Oman |
| 2000s | 4.13 billion current LCU | 4.08 billion current LCU | 50.11 million current LCU | Latvia |
| 2010s | 5.36 billion current LCU | 9.87 billion current LCU | 4.51 billion current LCU | Oman |
| 2020s | 8.22 billion current LCU | 9.67 billion current LCU | 1.45 billion current LCU | Oman |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher gross fixed capital formation, Latvia or Oman?
- Oman, at 10.52 billion current LCU against 10.10 billion current LCU in Latvia as of 2024.
- What is the difference in gross fixed capital formation between Latvia and Oman?
- 421.70 million current LCU, with Oman ahead.
- How many years of comparable data are there for Latvia and Oman?
- 30 years are reported by both, from 1995 to 2024.
- How do Latvia and Oman rank globally for gross fixed capital formation?
- Latvia ranks 149th and Oman ranks 148th of 180 countries.
- Where does this data come from?
- Country official statistics, National Statistical Organizations and/or Central Banks, published as Gross fixed capital formation (current 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 current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.