Adjusted savings: consumption of fixed capital in Latvia
Latvia: Adjusted savings: consumption of fixed capital was 8.50 billion current US$ in 2021. ▲ Rising
Adjusted savings: consumption of fixed capital in Latvia, 1995–2021
Source: Staff estimates, World Bank (WB). Measured in current US$.
Analysis
Latvia recorded 8.50 billion current US$ for adjusted savings: consumption of fixed capital in 2021. That is the highest value across all 27 years on record.
Compared with earlier readings it is up 10.4% on the previous year and up 23.1% over ten years.
Over the whole period, adjusted savings: consumption of fixed capital in Latvia peaked at 8.50 billion current US$ in 2021 and was at its lowest, 2.16 billion current US$, in 1996.
That places Latvia 73rd out of 206 countries with data for 2021, putting it in the middle of the range.
The long-run direction has been consistently rising across the 27 years of available data.
Adjusted savings: consumption of fixed capital in Latvia, year by year
| Year | current US$ | Change |
|---|---|---|
| 1995 | 2.27 billion current US$ | — |
| 1996 | 2.16 billion current US$ | -4.8% |
| 1997 | 2.22 billion current US$ | +2.8% |
| 1998 | 2.38 billion current US$ | +7.4% |
| 1999 | 2.39 billion current US$ | +0.4% |
| 2000 | 2.28 billion current US$ | -4.6% |
| 2001 | 2.18 billion current US$ | -4.5% |
| 2002 | 2.39 billion current US$ | +9.7% |
| 2003 | 2.84 billion current US$ | +18.7% |
| 2004 | 3.29 billion current US$ | +16.1% |
| 2005 | 3.73 billion current US$ | +13.3% |
| 2006 | 4.89 billion current US$ | +30.9% |
| 2007 | 6.65 billion current US$ | +36.1% |
| 2008 | 7.84 billion current US$ | +18.0% |
| 2009 | 6.21 billion current US$ | -20.8% |
| 2010 | 6.05 billion current US$ | -2.7% |
| 2011 | 6.90 billion current US$ | +14.2% |
| 2012 | 6.99 billion current US$ | +1.3% |
| 2013 | 7.39 billion current US$ | +5.6% |
| 2014 | 7.61 billion current US$ | +3.0% |
| 2015 | 6.45 billion current US$ | -15.1% |
| 2016 | 6.44 billion current US$ | -0.2% |
| 2017 | 6.77 billion current US$ | +5.1% |
| 2018 | 7.36 billion current US$ | +8.8% |
| 2019 | 7.35 billion current US$ | -0.2% |
| 2020 | 7.70 billion current US$ | +4.8% |
| 2021 | 8.50 billion current US$ | +10.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 2.28 billion current US$ | 2.16 billion current US$ | 2.39 billion current US$ | 5 |
| 2000s | 4.23 billion current US$ | 2.18 billion current US$ | 7.84 billion current US$ | 10 |
| 2010s | 6.93 billion current US$ | 6.05 billion current US$ | 7.61 billion current US$ | 10 |
| 2020s | 8.10 billion current US$ | 7.70 billion current US$ | 8.50 billion current US$ | 2 |
Countries ranked near Latvia
More economy & growth data for Latvia
- Gross value added at basic prices (GVA) (current LCU), annual growth 5.5 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 0.7694 current LCU per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current LCU), per capita 20,244 current LCU per person (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), annual 1.99 % change on previous year (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), per unit 0.5567 constant 2015 US$ per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), per 14,649 constant 2015 US$ per person (2025)
- Gross value added at basic prices (GVA) (constant LCU), annual growth 1.99 % change on previous year (2025)
- Gross value added at basic prices (GVA) (constant LCU), per unit of 0.5771 constant LCU per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (constant LCU), per capita 15,184 constant LCU per person (2025)
- GDP (current US$), annual growth rate 10.49 % change on previous year (2025)
Frequently asked questions
- What is adjusted savings: consumption of fixed capital in Latvia?
- Adjusted savings: consumption of fixed capital in Latvia was 8.50 billion current US$ in 2021, according to Staff estimates, World Bank (WB).
- What is the highest adjusted savings: consumption of fixed capital recorded in Latvia?
- The highest recorded value was 8.50 billion current US$ in 2021.
- What is the lowest adjusted savings: consumption of fixed capital recorded in Latvia?
- The lowest recorded value was 2.16 billion current US$ in 1996.
- How does Latvia rank for adjusted savings: consumption of fixed capital?
- Latvia ranks 73rd out of 206 countries with data for 2021.
- Is adjusted savings: consumption of fixed capital rising or falling in Latvia?
- Over the last ten years it is up 23.1%. The long-run trend across the full record is rising.
- Where does this Latvia data come from?
- The figures come from Staff estimates, World Bank (WB), published as part of Adjusted savings: consumption of fixed capital (current US$). Statizoid updates them automatically from the source API.
Download this data
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About this data
Consumption of fixed capital represents the replacement value of capital used up in the process of production. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.