Gross capital formation (constant 2015 US$), per square kilometre in Latvia
Latvia: Gross capital formation (constant 2015 US$), per square kilometre was 146,211 constant 2015 US$ per square kilometre in 2023. ▲ Rising
Gross capital formation (constant 2015 US$), per square kilometre in Latvia, 1995–2023
Source: Statizoid (derived). Measured in constant 2015 US$ per square kilometre.
Analysis
The most recent figure for gross capital formation (constant 2015 us$), per square kilometre in Latvia is 146,211 constant 2015 US$ per square kilometre, measured in 2023.
That represents a change of up 1.5% on the previous year and up 41.9% over ten years.
Over the whole period, gross capital formation (constant 2015 us$), per square kilometre in Latvia peaked at 185,530 constant 2015 US$ per square kilometre in 2007 and was at its lowest, 25,674 constant 2015 US$ per square kilometre, in 1995.
That places Latvia 67th out of 160 countries with data for 2023, putting it in the middle of the range.
The long-run direction has been consistently rising across the 29 years of available data.
Gross capital formation (constant 2015 US$), per square kilometre in Latvia, year by year
| Year | constant 2015 US$ per square kilometre | Change |
|---|---|---|
| 1995 | 25,674 constant 2015 US$ per square kilometre | — |
| 1996 | 32,792 constant 2015 US$ per square kilometre | +27.7% |
| 1997 | 35,786 constant 2015 US$ per square kilometre | +9.1% |
| 1998 | 52,139 constant 2015 US$ per square kilometre | +45.7% |
| 1999 | 52,944 constant 2015 US$ per square kilometre | +1.5% |
| 2000 | 55,707 constant 2015 US$ per square kilometre | +5.2% |
| 2001 | 69,176 constant 2015 US$ per square kilometre | +24.2% |
| 2002 | 73,751 constant 2015 US$ per square kilometre | +6.6% |
| 2003 | 91,230 constant 2015 US$ per square kilometre | +23.7% |
| 2004 | 112,000 constant 2015 US$ per square kilometre | +22.8% |
| 2005 | 125,650 constant 2015 US$ per square kilometre | +12.2% |
| 2006 | 157,146 constant 2015 US$ per square kilometre | +25.1% |
| 2007 | 185,530 constant 2015 US$ per square kilometre | +18.1% |
| 2008 | 159,119 constant 2015 US$ per square kilometre | -14.2% |
| 2009 | 95,752 constant 2015 US$ per square kilometre | -39.8% |
| 2010 | 77,538 constant 2015 US$ per square kilometre | -19.0% |
| 2011 | 108,268 constant 2015 US$ per square kilometre | +39.6% |
| 2012 | 114,085 constant 2015 US$ per square kilometre | +5.4% |
| 2013 | 103,068 constant 2015 US$ per square kilometre | -9.7% |
| 2014 | 97,948 constant 2015 US$ per square kilometre | -5.0% |
| 2015 | 102,241 constant 2015 US$ per square kilometre | +4.4% |
| 2016 | 102,383 constant 2015 US$ per square kilometre | +0.1% |
| 2017 | 113,233 constant 2015 US$ per square kilometre | +10.6% |
| 2018 | 128,665 constant 2015 US$ per square kilometre | +13.6% |
| 2019 | 136,148 constant 2015 US$ per square kilometre | +5.8% |
| 2020 | 124,424 constant 2015 US$ per square kilometre | -8.6% |
| 2021 | 154,095 constant 2015 US$ per square kilometre | +23.8% |
| 2022 | 144,035 constant 2015 US$ per square kilometre | -6.5% |
| 2023 | 146,211 constant 2015 US$ per square kilometre | +1.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 39,867 constant 2015 US$ per square kilometre | 25,674 constant 2015 US$ per square kilometre | 52,944 constant 2015 US$ per square kilometre | 5 |
| 2000s | 112,506 constant 2015 US$ per square kilometre | 55,707 constant 2015 US$ per square kilometre | 185,530 constant 2015 US$ per square kilometre | 10 |
| 2010s | 108,358 constant 2015 US$ per square kilometre | 77,538 constant 2015 US$ per square kilometre | 136,148 constant 2015 US$ per square kilometre | 10 |
| 2020s | 142,191 constant 2015 US$ per square kilometre | 124,424 constant 2015 US$ per square kilometre | 154,095 constant 2015 US$ per square kilometre | 4 |
Countries ranked near Latvia
- 64 Estonia 169,203 constant 2015 US$ per square kilometre compare
- 65 Serbia 169,144 constant 2015 US$ per square kilometre compare
- 66 Mexico 156,944 constant 2015 US$ per square kilometre compare
- 68 Albania 144,032 constant 2015 US$ per square kilometre compare
- 69 Armenia 137,717 constant 2015 US$ per square kilometre compare
- 70 Cape Verde 129,497 constant 2015 US$ per square kilometre 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)
- 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$), annual growth rate 5.72 % change on previous year (2025)
Frequently asked questions
- What is gross capital formation (constant 2015 us$), per square kilometre in Latvia?
- Gross capital formation (constant 2015 us$), per square kilometre in Latvia was 146,211 constant 2015 US$ per square kilometre in 2023, according to Statizoid (derived).
- What is the highest gross capital formation (constant 2015 us$), per square kilometre recorded in Latvia?
- The highest recorded value was 185,530 constant 2015 US$ per square kilometre in 2007.
- What is the lowest gross capital formation (constant 2015 us$), per square kilometre recorded in Latvia?
- The lowest recorded value was 25,674 constant 2015 US$ per square kilometre in 1995.
- How does Latvia rank for gross capital formation (constant 2015 us$), per square kilometre?
- Latvia ranks 67th out of 160 countries with data for 2023.
- Is gross capital formation (constant 2015 us$), per square kilometre rising or falling in Latvia?
- Over the last ten years it is up 41.9%. 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$), per square kilometre. Statizoid updates them automatically from the source API.
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How this figure is calculated
Gross capital formation (constant 2015 US$) divided by Land area (sq. km), 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$) ÷ Land area (sq. km)
Computed from
- Gross capital formation Country official statistics, National Statistical Organizations and/or Central Banks
- Land area FAOSTAT, Food and Agriculture Organization of the United Nations (FAO)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Gross capital formation (constant 2015 US$) divided by Land area (sq. km), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.