Annual growth of the gross capital formation in Latvia
Latvia: Annual growth of the gross capital formation was -5.3% in 2024. ◆ Volatile
Latest (2024)
-5.3%
Change on year
down 451.8%
World rank
143rd
of 174 countries
All-time high
39.6%
in 2011
All-time low
-39.8%
in 2009
Years of data
25
2000–2024
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 143rd of 174 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% |
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
- 140 Côte d'Ivoire -4.7% compare
- 140 Côte d'Ivoire -4.7% compare
- 142 Turkmenistan -5.2% compare
- 144 Ecuador -5.4% compare
- 145 Cabo Verde -5.6% compare
- 146 Oman -5.9% compare
More economy & growth data for Latvia
- Final consumption expenditure (constant 2015 US$), per capita 13,539 constant 2015 US$ per person (2025)
- Gross national expenditure (current US$), annual growth rate 13.75 % change on previous year (2025)
- Gross national expenditure (current US$), per unit of GDP 1.05 current US$ per US$ of GDP (2025)
- Gross national expenditure (current US$), per capita 27,517 current US$ per person (2025)
- Gross national expenditure (current LCU), annual growth rate 8.96 % change on previous year (2025)
- Gross national expenditure (current LCU), per unit of GDP 0.9255 current LCU per US$ of GDP (2025)
- Gross national expenditure (current LCU), per capita 24,351 current LCU per person (2025)
- Gross national expenditure (constant 2015 US$), annual growth rate 6.59 % change on previous year (2025)
- Gross national expenditure (constant 2015 US$), per unit of GDP 0.7243 constant 2015 US$ per US$ of GDP (2025)
- Gross national expenditure (constant 2015 US$), per capita 19,058 constant 2015 US$ 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 143rd out of 174 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.
Download this data
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