Annual growth of the gross capital formation (%) in Latvia
Latvia: Annual growth of the gross capital formation (%) was -5.3% in 2024. ◆ Volatile
Annual growth of the gross capital formation in Latvia, 2000–2024
Source: United Nations Statistics Division, SDG Global Database. Measured in %.
Analysis
In 2024, annual growth of the gross capital formation in Latvia stood at -5.3%.
Compared with earlier readings it is down 451.8% on the previous year and down 7.0% over ten years.
Over the whole period, annual growth of the gross capital formation in Latvia peaked at 39.6% in 2011 and was at its lowest, -39.8%, in 2009.
Latvia ranks 144th of 175 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Annual growth of the gross capital formation (%) in Latvia, year by year
| Year | % | Change |
|---|---|---|
| 2000 | 5.2% | — |
| 2001 | 24.2% | +363.3% |
| 2002 | 6.6% | -72.6% |
| 2003 | 23.7% | +258.4% |
| 2004 | 22.8% | -3.9% |
| 2005 | 12.2% | -46.5% |
| 2006 | 25.1% | +105.7% |
| 2007 | 18.1% | -27.9% |
| 2008 | -14.2% | -178.8% |
| 2009 | -39.8% | +179.8% |
| 2010 | -19.0% | -52.2% |
| 2011 | 39.6% | -308.3% |
| 2012 | 5.4% | -86.4% |
| 2013 | -9.7% | -279.7% |
| 2014 | -5.0% | -48.6% |
| 2015 | 4.4% | -188.2% |
| 2016 | 0.1% | -96.8% |
| 2017 | 10.6% | +7545.3% |
| 2018 | 13.6% | +28.6% |
| 2019 | 5.8% | -57.3% |
| 2020 | -8.6% | -248.0% |
| 2021 | 23.8% | -377.1% |
| 2022 | -6.5% | -127.4% |
| 2023 | 1.5% | -123.1% |
| 2024 | -5.3% | -451.8% |
Latvia compared with similar countries
- Latvia's -5.3% is below the median for high income countries, which is -0.2%, 21.9× the median. (55 countries reporting)
- Latvia's -5.3% is below the median for Europe & Central Asia, which is 1.6%. (48 countries reporting)
Biggest year-on-year movements
Years where Annual growth of the gross capital formation (%) in Latvia changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2017 | +7545.3% | 0.1% | 10.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 8.4% | -39.8% | 25.1% | 10 |
| 2010s | 4.6% | -19.0% | 39.6% | 10 |
| 2020s | 1.0% | -8.6% | 23.8% | 5 |
Countries ranked near Latvia
- 141 Côte d'Ivoire -4.7% compare
- 141 Cote d'Ivoire -4.7% compare
- 143 Turkmenistan -5.2% compare
- 145 Ecuador -5.4% compare
- 146 Cabo Verde -5.6% compare
- 147 Oman -5.9% compare
More economy & growth data for Latvia
- Real gdp growth, annual growth rate 96.07 % change on previous year (2024)
- SDRs holdings, US dollar, annual growth rate 5.34 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0125 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 327.81 units per person (2025)
- SDRs holdings, SDR, annual growth rate 0.3105 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0091 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 239.37 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate -2.79 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0077 units per US$ of GDP (2025)
- IMF holdings of currency, US dollar, per capita 203.25 units per person (2025)
Frequently asked questions
- What is annual growth of the gross capital formation in Latvia?
- Annual growth of the gross capital formation in Latvia was -5.3% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest annual growth of the gross capital formation recorded in Latvia?
- The highest recorded value was 39.6% in 2011.
- What is the lowest annual growth of the gross capital formation recorded in Latvia?
- The lowest recorded value was -39.8% in 2009.
- How does Latvia rank for annual growth of the gross capital formation?
- Latvia ranks 144th out of 175 countries with data for 2024.
- Is annual growth of the gross capital formation rising or falling in Latvia?
- Over the last ten years it is down 7.0%. The long-run trend across the full record is volatile.
- Where does this Latvia data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Annual growth of the gross capital formation (%). Statizoid updates them automatically from the source API.
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