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: World Bank – processed by Our World in Data. Measured in %.
Analysis
Latvia recorded -5.3% for annual growth of the gross capital formation in 2024.
Compared with earlier readings it is down 452.3% 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.
That places Latvia 136th out of 167 countries with data for 2024, putting it 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% | +363.2% |
| 2002 | 6.6% | -72.7% |
| 2003 | 23.7% | +258.5% |
| 2004 | 22.8% | -3.9% |
| 2005 | 12.2% | -46.5% |
| 2006 | 25.1% | +105.7% |
| 2007 | 18.1% | -28.0% |
| 2008 | -14.2% | -178.8% |
| 2009 | -39.8% | +179.6% |
| 2010 | -19.0% | -52.2% |
| 2011 | 39.6% | -308.4% |
| 2012 | 5.4% | -86.4% |
| 2013 | -9.7% | -279.9% |
| 2014 | -5.0% | -48.6% |
| 2015 | 4.4% | -188.1% |
| 2016 | 0.1% | -96.8% |
| 2017 | 10.6% | +7471.4% |
| 2018 | 13.6% | +28.6% |
| 2019 | 5.8% | -57.3% |
| 2020 | -8.6% | -247.9% |
| 2021 | 23.9% | -377.0% |
| 2022 | -6.5% | -127.4% |
| 2023 | 1.5% | -123.1% |
| 2024 | -5.3% | -452.3% |
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% | 23.9% | 5 |
Countries ranked near Latvia
- 133 Brunei Darussalam -4.7% compare
- 134 Côte d'Ivoire -4.7% compare
- 135 Turkmenistan -5.2% compare
- 137 Ecuador -5.4% compare
- 138 Cape Verde -5.6% compare
- 139 Namibia -5.9% compare
- 139 Oman -5.9% compare
More economy & growth data for Latvia
- Manufacturing, value added (current US$), per unit of GDP 0.0999 current US$ per US$ of GDP (2025)
- Manufacturing, value added (current US$), per capita 2,628 current US$ per person (2025)
- Manufacturing, value added (current LCU), per unit of GDP 0.0884 current LCU per US$ of GDP (2025)
- Manufacturing, value added (current LCU), per capita 2,326 current LCU per person (2025)
- Manufacturing, value added (constant 2015 US$), per unit of GDP 0.073 constant 2015 US$ per US$ of GDP (2025)
- Manufacturing, value added (constant 2015 US$), per capita 1,920 constant 2015 US$ per person (2025)
- Manufacturing, value added (constant LCU), per capita 1,898 constant LCU per person (2025)
- Industry (including construction), value added (current US$), annual 11.34 % change on previous year (2025)
- Industry (including construction), value added (current US$), per 0.1868 current US$ per US$ of GDP (2025)
- Industry (including construction), value added (current US$), per 4,916 current US$ 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 World Bank – processed by Our World in Data.
- 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 136th out of 167 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 World Bank – processed by Our World in Data, published as part of Annual growth of the gross capital formation. Statizoid updates them automatically from the source API.
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About this data
Annual growth of the gross capital formation (%).