Gross capital formation (constant 2015 US$), annual growth rate in Latvia
Latvia: Gross capital formation (constant 2015 US$), annual growth rate was 18.33 % change on previous year in 2025. ◆ Volatile
Gross capital formation (constant 2015 US$), annual growth rate in Latvia, 1996–2025
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2025, gross capital formation (constant 2015 us$), annual growth rate in Latvia stood at 18.33 % change on previous year.
The figure is up 447.2% on the previous year and up 318.3% over ten years.
Over the whole period, gross capital formation (constant 2015 us$), annual growth rate in Latvia peaked at 45.7 % change on previous year in 1998 and was at its lowest, -39.82 % change on previous year, in 2009.
Latvia ranks 17th of 163 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Gross capital formation (constant 2015 US$), annual growth rate in Latvia, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1996 | 27.73 % change on previous year | — |
| 1997 | 9.13 % change on previous year | -67.1% |
| 1998 | 45.7 % change on previous year | +400.5% |
| 1999 | 1.54 % change on previous year | -96.6% |
| 2000 | 5.22 % change on previous year | +238.0% |
| 2001 | 24.18 % change on previous year | +363.3% |
| 2002 | 6.61 % change on previous year | -72.6% |
| 2003 | 23.7 % change on previous year | +258.4% |
| 2004 | 22.77 % change on previous year | -3.9% |
| 2005 | 12.19 % change on previous year | -46.5% |
| 2006 | 25.07 % change on previous year | +105.7% |
| 2007 | 18.06 % change on previous year | -27.9% |
| 2008 | -14.24 % change on previous year | -178.8% |
| 2009 | -39.82 % change on previous year | +179.7% |
| 2010 | -19.02 % change on previous year | -52.2% |
| 2011 | 39.63 % change on previous year | -308.3% |
| 2012 | 5.37 % change on previous year | -86.4% |
| 2013 | -9.66 % change on previous year | -279.7% |
| 2014 | -4.97 % change on previous year | -48.6% |
| 2015 | 4.38 % change on previous year | -188.2% |
| 2016 | 0.1386 % change on previous year | -96.8% |
| 2017 | 10.6 % change on previous year | +7544.8% |
| 2018 | 13.63 % change on previous year | +28.6% |
| 2019 | 5.82 % change on previous year | -57.3% |
| 2020 | -8.61 % change on previous year | -248.0% |
| 2021 | 23.85 % change on previous year | -377.1% |
| 2022 | -6.53 % change on previous year | -127.4% |
| 2023 | 1.51 % change on previous year | -123.1% |
| 2024 | -5.28 % change on previous year | -449.3% |
| 2025 | 18.33 % change on previous year | -447.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 21.02 % change on previous year | 1.54 % change on previous year | 45.7 % change on previous year | 4 |
| 2000s | 8.37 % change on previous year | -39.82 % change on previous year | 25.07 % change on previous year | 10 |
| 2010s | 4.59 % change on previous year | -19.02 % change on previous year | 39.63 % change on previous year | 10 |
| 2020s | 3.88 % change on previous year | -8.61 % change on previous year | 23.85 % change on previous year | 6 |
Countries ranked near Latvia
- 14 Bahamas 19.77 % change on previous year compare
- 15 Lithuania 19.32 % change on previous year compare
- 16 Sierra Leone 18.73 % change on previous year compare
- 18 Argentina 17.73 % change on previous year compare
- 19 Nicaragua 17.13 % change on previous year compare
- 20 Mozambique 15.85 % change on previous year compare
More economy & growth data for Latvia
- Gross capital formation (constant 2015 US$), per unit of GDP 0.2098 constant 2015 US$ per US$ of GDP (2025)
- Gross capital formation (constant 2015 US$), per capita 5,519 constant 2015 US$ per person (2025)
- Imports of goods and services (current US$), annual growth rate 11.67 % change on previous year (2025)
- Imports of goods and services (current US$), per unit of GDP 0.6715 current US$ per US$ of GDP (2025)
- Imports of goods and services (current US$), per capita 17,669 current US$ per person (2025)
- Imports of goods and services (current LCU), annual growth rate 6.96 % change on previous year (2025)
- Imports of goods and services (current LCU), per unit of GDP 0.5943 current LCU per US$ of GDP (2025)
- Imports of goods and services (current LCU), per capita 15,636 current LCU per person (2025)
- Imports of goods and services (constant 2015 US$), annual growth rate 5.72 % change on previous year (2025)
- Imports of goods and services (constant 2015 US$), per unit of GDP 0.5233 constant 2015 US$ per US$ of GDP (2025)
Frequently asked questions
- What is gross capital formation (constant 2015 us$), annual growth rate in Latvia?
- Gross capital formation (constant 2015 us$), annual growth rate in Latvia was 18.33 % change on previous year in 2025, according to Statizoid (derived).
- What is the highest gross capital formation (constant 2015 us$), annual growth rate recorded in Latvia?
- The highest recorded value was 45.7 % change on previous year in 1998.
- What is the lowest gross capital formation (constant 2015 us$), annual growth rate recorded in Latvia?
- The lowest recorded value was -39.82 % change on previous year in 2009.
- How does Latvia rank for gross capital formation (constant 2015 us$), annual growth rate?
- Latvia ranks 17th out of 163 countries with data for 2025.
- Is gross capital formation (constant 2015 us$), annual growth rate 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 Statizoid (derived), published as part of Gross capital formation (constant 2015 US$), annual growth rate. Statizoid updates them automatically from the source API.
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How this figure is calculated
The year-on-year percentage change in Gross capital formation (constant 2015 US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross capital formation Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Gross capital formation (constant 2015 US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.