Gross capital formation in Latvia
Latvia: Gross capital formation was 18.3% in 2025. ◆ Volatile
Gross capital formation in Latvia, 1996–2025
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in annual % growth.
Analysis
In 2025, gross capital formation in Latvia stood at 18.3%.
Compared with earlier readings it is up 447.2% on the previous year and up 318.3% over ten years.
Over the whole period, gross capital formation in Latvia peaked at 45.7% in 1998 and was at its lowest, -39.8%, in 2009.
That places Latvia 18th out of 168 countries with data for 2025, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross capital formation in Latvia, year by year
| Year | annual % growth | Change |
|---|---|---|
| 1996 | 27.7% | — |
| 1997 | 9.1% | -67.1% |
| 1998 | 45.7% | +400.5% |
| 1999 | 1.5% | -96.6% |
| 2000 | 5.2% | +238.0% |
| 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% | -449.4% |
| 2025 | 18.3% | -447.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 21.0% | 1.5% | 45.7% | 4 |
| 2000s | 8.4% | -39.8% | 25.1% | 10 |
| 2010s | 4.6% | -19.0% | 39.6% | 10 |
| 2020s | 3.9% | -8.6% | 23.8% | 6 |
Countries ranked near Latvia
More economy & growth data for Latvia
- Services, value added (constant LCU), per capita 11,613 constant LCU per person (2025)
- GDP deflator (base year varies by country), annual growth rate 3.62 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), annual growth 10.14 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), per unit of GDP 0.8694 current US$ per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current US$), per capita 22,876 current US$ per person (2025)
- 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)
Frequently asked questions
- What is gross capital formation in Latvia?
- Gross capital formation in Latvia was 18.3% in 2025, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross capital formation recorded in Latvia?
- The highest recorded value was 45.7% in 1998.
- What is the lowest gross capital formation recorded in Latvia?
- The lowest recorded value was -39.8% in 2009.
- How does Latvia rank for gross capital formation?
- Latvia ranks 18th out of 168 countries with data for 2025.
- Is gross capital formation rising or falling in Latvia?
- Over the last ten years it is up 318.3%. The long-run trend across the full record is volatile.
- Where does this Latvia data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of Gross capital formation (annual % growth). Statizoid updates them automatically from the source API.
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About this data
Gross capital formation includes acquisitions less disposals of produced assets for purposes of fixed capital formation, inventories or valuables. This indicator denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.