Which has higher gross fixed capital formation, Latvia or New Zealand?

Latvia, at 23.5% against 23.4% in New Zealand as of 2025.

How many years of comparable data are there for Latvia and New Zealand?

30 years are reported by both, from 1995 to 2024.

Where does this data come from?

Country official statistics, National Statistical Organizations and/or Central Banks, published as Gross fixed capital formation (% of GDP). Statizoid refreshes it automatically from the source and publishes the full history for both places.

Latvia vs New Zealand: Gross fixed capital formation

Latvia

23.5%

in 2025

New Zealand

23.4%

in 2024

Latvia rank

76th

New Zealand rank

78th

Gross fixed capital formation over time

Latvia
New Zealand

How they compare

Latvia currently reports 23.5% against 23.4% in New Zealand, a difference of 0.1%.

The two have swapped places 4 times across 30 shared years of data; in 1995 it was New Zealand ahead.

Latvia ranks 76th and New Zealand ranks 78th of 181 countries.

Across the 4 decades both report, Latvia averaged higher in 2 and New Zealand in 2.

Head to head by decade

Decade	Latvia	New Zealand	Difference	Ahead
1990s	19.4%	21.9%	2.5%	New Zealand
2000s	29.3%	22.8%	6.6%	Latvia
2010s	22.8%	22.1%	0.7%	Latvia
2020s	23.1%	24.4%	1.3%	New Zealand

Averages of every year both report within each decade.

Frequently asked questions

Which has higher gross fixed capital formation, Latvia or New Zealand?: Latvia, at 23.5% against 23.4% in New Zealand as of 2025.
What is the difference in gross fixed capital formation between Latvia and New Zealand?: 0.1%, with Latvia ahead.
How many years of comparable data are there for Latvia and New Zealand?: 30 years are reported by both, from 1995 to 2024.
How do Latvia and New Zealand rank globally for gross fixed capital formation?: Latvia ranks 76th and New Zealand ranks 78th of 181 countries.
Where does this data come from?: Country official statistics, National Statistical Organizations and/or Central Banks, published as Gross fixed capital formation (% of GDP). Statizoid refreshes it automatically from the source and publishes the full history for both places.

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Latvia vs New Zealand: Gross fixed capital formation. Statizoid, drawing on Country official statistics, National Statistical Organizations and/or Central Banks. Retrieved 15 September 2026, from https://economy.statizoid.com/compare/gross-fixed-capital-formation-percent-of-gdp/latvia/new-zealand/

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About this data

Indicator: Gross fixed capital formation (% of GDP)
Unit: % of GDP
Source: Country official statistics, National Statistical Organizations and/or Central Banks
Licence: CC BY 4.0 (World Bank Open Data)
Coverage: 224 places, 10,336 data points, 1960–2025
Last refreshed: 03 September 2026

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 as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.