Latvia vs Upper middle income: Gross fixed capital formation (current US$), annual growth rate
Latvia
16.57 % change on previous year
in 2025
Upper middle income
1.79 % change on previous year
in 2024
Latvia rank
40th
Upper middle income rank
37th
Gross fixed capital formation (current US$), annual growth rate over time
- Latvia
- Upper middle income
How they compare
Latvia currently reports 16.57 % change on previous year against 1.79 % change on previous year in Upper middle income, a difference of 14.78 % change on previous year.
That makes Latvia's figure about 9.2 times Upper middle income's.
The two have swapped places 11 times across 29 shared years of data; in 1996 it was Latvia ahead.
Latvia ranks 40th and Upper middle income ranks 37th of 179 countries.
Across the 4 decades both report, Latvia averaged higher in 3 and Upper middle income in 1.
Head to head by decade
| Decade | Latvia | Upper middle income | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 22.15 % change on previous year | 1.37 % change on previous year | 20.78 % change on previous year | Latvia |
| 2000s | 17.62 % change on previous year | 15.57 % change on previous year | 2.04 % change on previous year | Latvia |
| 2010s | 3.93 % change on previous year | 8.36 % change on previous year | 4.43 % change on previous year | Upper middle income |
| 2020s | 5.71 % change on previous year | 4.61 % change on previous year | 1.1 % change on previous year | Latvia |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher gross fixed capital formation (current us$), annual growth rate, Latvia or Upper middle income?
- Latvia, at 16.57 % change on previous year against 1.79 % change on previous year in Upper middle income as of 2025.
- What is the difference in gross fixed capital formation (current us$), annual growth rate between Latvia and Upper middle income?
- 14.78 % change on previous year, with Latvia ahead.
- How many years of comparable data are there for Latvia and Upper middle income?
- 29 years are reported by both, from 1996 to 2024.
- How do Latvia and Upper middle income rank globally for gross fixed capital formation (current us$), annual growth rate?
- Latvia ranks 40th and Upper middle income ranks 37th of 179 countries.
- Where does this data come from?
- Statizoid (derived), published as Gross fixed capital formation (current US$), annual growth rate. Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
The year-on-year percentage change in Gross fixed capital formation (current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.