Annual capital formation by economic activity — Gross fixed capital in Latvia
Latvia: Annual capital formation by economic activity — Gross fixed capital was 140.76 Index in 2024. ◆ Volatile
Annual capital formation by economic activity — Gross fixed capital in Latvia, 1995–2024
Source: Organisation for Economic Co-operation and Development. Measured in Index.
Analysis
In 2024, annual capital formation by economic activity — gross fixed capital in Latvia stood at 140.76 Index. That is the highest value across all 30 years on record.
That represents a change of up 7.8% on the previous year and up 74.8% over ten years.
Over the whole period, annual capital formation by economic activity — gross fixed capital in Latvia peaked at 140.76 Index in 2024 and was at its lowest, 16.84 Index, in 1995.
The series is highly variable year to year, so single readings are best treated with caution.
Annual capital formation by economic activity — Gross fixed capital in Latvia, year by year
| Year | Index | Change |
|---|---|---|
| 1995 | 16.84 Index | — |
| 1996 | 18.18 Index | +8.0% |
| 1997 | 19.67 Index | +8.2% |
| 1998 | 21.89 Index | +11.3% |
| 1999 | 22.78 Index | +4.1% |
| 2000 | 22.77 Index | -0.0% |
| 2001 | 24.12 Index | +5.9% |
| 2002 | 25.93 Index | +7.5% |
| 2003 | 28.95 Index | +11.6% |
| 2004 | 34.08 Index | +17.7% |
| 2005 | 42.41 Index | +24.4% |
| 2006 | 58.6 Index | +38.2% |
| 2007 | 74.38 Index | +26.9% |
| 2008 | 78.8 Index | +5.9% |
| 2009 | 70.19 Index | -10.9% |
| 2010 | 64.2 Index | -8.5% |
| 2011 | 68.86 Index | +7.3% |
| 2012 | 73.06 Index | +6.1% |
| 2013 | 76.28 Index | +4.4% |
| 2014 | 80.51 Index | +5.5% |
| 2015 | 78.41 Index | -2.6% |
| 2016 | 82.58 Index | +5.3% |
| 2017 | 86.24 Index | +4.4% |
| 2018 | 90.75 Index | +5.2% |
| 2019 | 95.54 Index | +5.3% |
| 2020 | 100 Index | +4.7% |
| 2021 | 104.93 Index | +4.9% |
| 2022 | 118.28 Index | +12.7% |
| 2023 | 130.59 Index | +10.4% |
| 2024 | 140.76 Index | +7.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 19.87 Index | 16.84 Index | 22.78 Index | 5 |
| 2000s | 46.02 Index | 22.77 Index | 78.8 Index | 10 |
| 2010s | 79.64 Index | 64.2 Index | 95.54 Index | 10 |
| 2020s | 118.91 Index | 100 Index | 140.76 Index | 5 |
Countries ranked near Latvia
- 1 Croatia 135.3 Index compare
- 1 Hungary 173.25 Index compare
- 1 Estonia 142.01 Index compare
- 2 Romania 154.76 Index compare
- 2 Lithuania 141.93 Index compare
- 3 Bulgaria 152.74 Index compare
- 4 Iceland 139.94 Index compare
- 4 Slovenia 135.71 Index compare
- 5 Czechia 139.38 Index compare
- 5 Poland 131.89 Index compare
- 6 Germany 139.37 Index compare
- 6 Netherlands 124 Index compare
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Frequently asked questions
- What is annual capital formation by economic activity — gross fixed capital in Latvia?
- Annual capital formation by economic activity — gross fixed capital in Latvia was 140.76 Index in 2024, according to Organisation for Economic Co-operation and Development.
- What is the highest annual capital formation by economic activity — gross fixed capital recorded in Latvia?
- The highest recorded value was 140.76 Index in 2024.
- What is the lowest annual capital formation by economic activity — gross fixed capital recorded in Latvia?
- The lowest recorded value was 16.84 Index in 1995.
- How does Latvia rank for annual capital formation by economic activity — gross fixed capital?
- Latvia ranks 3rd out of 6 countries with data for 2024.
- Is annual capital formation by economic activity — gross fixed capital rising or falling in Latvia?
- Over the last ten years it is up 74.8%. The long-run trend across the full record is volatile.
- Where does this Latvia data come from?
- The figures come from Organisation for Economic Co-operation and Development, published as part of Annual capital formation by economic activity — Gross fixed capital formation. Statizoid updates them automatically from the source API.
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About this data
This table presents gross capital formation, gross fixed capital formation (GFCF, or investment), changes in inventories and acquisition less disposals of valuables broken down by detailed industries based on detailed breakdowns of Revision 4 of the International Standard Industrial Classification of All Economic Activities (ISIC). GFCF is also available broken down by type of non-financial asset, which can be selected using the ‘Financial instruments and non-financial assets’ filter. The presentation is on a country-by-country basis. Users are recommended to select one country (or area) at a time in the ‘Reference area’ filter. Data is presented for each country in national currency as well as in euros for the European Union and the euro area. Data is presented in current prices (default view), but it is also possible to select chain linked volume and other price measures using the ‘Price base’ filter. These indicators were presented in the previous dissemination system in the SNA_TABLE8A dataset. See ANA Changes for information on changes in methodology: ANA Changes Explore also the GDP and non-financial accounts webpage: GDP and non-financial accounts webpage OECD statistics contact: STAT.Contact@oecd.org