Gross capital formation (constant 2015 US$), per capita in Latvia
Latvia: Gross capital formation (constant 2015 US$), per capita was 5,519 constant 2015 US$ per person in 2025. ▲ Rising
Gross capital formation (constant 2015 US$), per capita in Latvia, 1995–2025
Source: Statizoid (derived). Measured in constant 2015 US$ per person.
Analysis
In 2025, gross capital formation (constant 2015 us$), per capita in Latvia stood at 5,519 constant 2015 US$ per person. That is the highest value across all 31 years on record.
That represents a change of up 19.5% on the previous year and up 71.6% over ten years.
Over the whole period, gross capital formation (constant 2015 us$), per capita in Latvia peaked at 5,519 constant 2015 US$ per person in 2025 and was at its lowest, 642.88 constant 2015 US$ per person, in 1995.
That places Latvia 38th out of 163 countries with data for 2025, putting it in the top quarter.
The long-run direction has been consistently rising across the 31 years of available data.
Gross capital formation (constant 2015 US$), per capita in Latvia, year by year
| Year | constant 2015 US$ per person | Change |
|---|---|---|
| 1995 | 642.88 constant 2015 US$ per person | — |
| 1996 | 830.43 constant 2015 US$ per person | +29.2% |
| 1997 | 915.33 constant 2015 US$ per person | +10.2% |
| 1998 | 1,346 constant 2015 US$ per person | +47.1% |
| 1999 | 1,378 constant 2015 US$ per person | +2.4% |
| 2000 | 1,464 constant 2015 US$ per person | +6.2% |
| 2001 | 1,842 constant 2015 US$ per person | +25.8% |
| 2002 | 1,987 constant 2015 US$ per person | +7.9% |
| 2003 | 2,481 constant 2015 US$ per person | +24.9% |
| 2004 | 3,080 constant 2015 US$ per person | +24.1% |
| 2005 | 3,492 constant 2015 US$ per person | +13.4% |
| 2006 | 4,408 constant 2015 US$ per person | +26.2% |
| 2007 | 5,247 constant 2015 US$ per person | +19.0% |
| 2008 | 4,548 constant 2015 US$ per person | -13.3% |
| 2009 | 2,782 constant 2015 US$ per person | -38.8% |
| 2010 | 2,300 constant 2015 US$ per person | -17.3% |
| 2011 | 3,271 constant 2015 US$ per person | +42.2% |
| 2012 | 3,490 constant 2015 US$ per person | +6.7% |
| 2013 | 3,187 constant 2015 US$ per person | -8.7% |
| 2014 | 3,057 constant 2015 US$ per person | -4.1% |
| 2015 | 3,217 constant 2015 US$ per person | +5.2% |
| 2016 | 3,251 constant 2015 US$ per person | +1.1% |
| 2017 | 3,628 constant 2015 US$ per person | +11.6% |
| 2018 | 4,154 constant 2015 US$ per person | +14.5% |
| 2019 | 4,427 constant 2015 US$ per person | +6.6% |
| 2020 | 4,074 constant 2015 US$ per person | -8.0% |
| 2021 | 5,089 constant 2015 US$ per person | +24.9% |
| 2022 | 4,769 constant 2015 US$ per person | -6.3% |
| 2023 | 4,830 constant 2015 US$ per person | +1.3% |
| 2024 | 4,618 constant 2015 US$ per person | -4.4% |
| 2025 | 5,519 constant 2015 US$ per person | +19.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1,023 constant 2015 US$ per person | 642.88 constant 2015 US$ per person | 1,378 constant 2015 US$ per person | 5 |
| 2000s | 3,133 constant 2015 US$ per person | 1,464 constant 2015 US$ per person | 5,247 constant 2015 US$ per person | 10 |
| 2010s | 3,398 constant 2015 US$ per person | 2,300 constant 2015 US$ per person | 4,427 constant 2015 US$ per person | 10 |
| 2020s | 4,817 constant 2015 US$ per person | 4,074 constant 2015 US$ per person | 5,519 constant 2015 US$ per person | 6 |
Countries ranked near Latvia
- 35 Czechia 5,946 constant 2015 US$ per person compare
- 36 Slovenia 5,802 constant 2015 US$ per person compare
- 37 Panama 5,722 constant 2015 US$ per person compare
- 39 Estonia 5,457 constant 2015 US$ per person compare
- 40 China 5,232 constant 2015 US$ per person compare
- 41 Lithuania 4,954 constant 2015 US$ per person compare
More economy & growth data for Latvia
- Gross capital formation (constant 2015 US$), annual growth rate 18.33 % change on previous year (2025)
- Gross capital formation (constant 2015 US$), per unit of GDP 0.2098 constant 2015 US$ per US$ of GDP (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$), per capita in Latvia?
- Gross capital formation (constant 2015 us$), per capita in Latvia was 5,519 constant 2015 US$ per person in 2025, according to Statizoid (derived).
- What is the highest gross capital formation (constant 2015 us$), per capita recorded in Latvia?
- The highest recorded value was 5,519 constant 2015 US$ per person in 2025.
- What is the lowest gross capital formation (constant 2015 us$), per capita recorded in Latvia?
- The lowest recorded value was 642.88 constant 2015 US$ per person in 1995.
- How does Latvia rank for gross capital formation (constant 2015 us$), per capita?
- Latvia ranks 38th out of 163 countries with data for 2025.
- Is gross capital formation (constant 2015 us$), per capita rising or falling in Latvia?
- Over the last ten years it is up 71.6%. The long-run trend across the full record is rising.
- Where does this Latvia data come from?
- The figures come from Statizoid (derived), published as part of Gross capital formation (constant 2015 US$), per capita. Statizoid updates them automatically from the source API.
Download this data
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How this figure is calculated
Gross capital formation (constant 2015 US$) divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Gross capital formation (constant 2015 US$) ÷ Population, total
Computed from
- Gross capital formation Country official statistics, National Statistical Organizations and/or Central Banks
- Population, total World Population Prospects, United Nations (UN)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Gross capital formation (constant 2015 US$) divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.