Latvia vs North Macedonia: Gross fixed capital formation
Gross fixed capital formation over time
- Latvia
- North Macedonia
How they compare
North Macedonia currently reports 23.5% against 23.5% in Latvia, a difference of 0.0%.
The two have swapped places 6 times across 30 shared years of data; in 1995 it was North Macedonia ahead.
Latvia ranks 76th and North Macedonia ranks 75th of 181 countries.
Across the 4 decades both report, Latvia averaged higher in 2 and North Macedonia in 2.
Head to head by decade
| Decade | Latvia | North Macedonia | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 19.4% | 16.2% | 3.2% | Latvia |
| 2000s | 29.3% | 21.7% | 7.6% | Latvia |
| 2010s | 22.8% | 22.9% | 0.0% | North Macedonia |
| 2020s | 23.1% | 23.4% | 0.3% | North Macedonia |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher gross fixed capital formation, Latvia or North Macedonia?
- North Macedonia, at 23.5% against 23.5% in Latvia as of 2024.
- What is the difference in gross fixed capital formation between Latvia and North Macedonia?
- 0.0%, with North Macedonia ahead.
- How many years of comparable data are there for Latvia and North Macedonia?
- 30 years are reported by both, from 1995 to 2024.
- How do Latvia and North Macedonia rank globally for gross fixed capital formation?
- Latvia ranks 76th and North Macedonia ranks 75th 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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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 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.