Gross capital formation (constant 2015 US$), per unit of GDP (unit) in Latvia
Latvia: Gross capital formation (constant 2015 US$), per unit of GDP (unit) was 0.2098 constant 2015 US$ per US$ of GDP in 2025. ▼ Falling
Gross capital formation (constant 2015 US$), per unit of GDP in Latvia, 1995–2025
Source: Statizoid (derived). Measured in constant 2015 US$ per US$ of GDP.
Analysis
The most recent figure for gross capital formation (constant 2015 us$), per unit of gdp in Latvia is 0.2098 constant 2015 US$ per US$ of GDP, measured in 2025.
That represents a change of up 7.1% on the previous year and down 13.1% over ten years.
Over the whole period, gross capital formation (constant 2015 us$), per unit of gdp in Latvia peaked at 0.5255 constant 2015 US$ per US$ of GDP in 2001 and was at its lowest, 0.1959 constant 2015 US$ per US$ of GDP, in 2024.
That places Latvia 66th out of 163 countries with data for 2025, putting it in the middle of the range.
The long-run direction has been consistently falling across the 31 years of available data.
Gross capital formation (constant 2015 US$), per unit of GDP (unit) in Latvia, year by year
| Year | constant 2015 US$ per US$ of GDP | Change |
|---|---|---|
| 1995 | 0.2849 constant 2015 US$ per US$ of GDP | — |
| 1996 | 0.3519 constant 2015 US$ per US$ of GDP | +23.5% |
| 1997 | 0.3507 constant 2015 US$ per US$ of GDP | -0.3% |
| 1998 | 0.4652 constant 2015 US$ per US$ of GDP | +32.6% |
| 1999 | 0.4498 constant 2015 US$ per US$ of GDP | -3.3% |
| 2000 | 0.4466 constant 2015 US$ per US$ of GDP | -0.7% |
| 2001 | 0.5255 constant 2015 US$ per US$ of GDP | +17.7% |
| 2002 | 0.4962 constant 2015 US$ per US$ of GDP | -5.6% |
| 2003 | 0.5049 constant 2015 US$ per US$ of GDP | +1.7% |
| 2004 | 0.504 constant 2015 US$ per US$ of GDP | -0.2% |
| 2005 | 0.4795 constant 2015 US$ per US$ of GDP | -4.9% |
| 2006 | 0.4785 constant 2015 US$ per US$ of GDP | -0.2% |
| 2007 | 0.3924 constant 2015 US$ per US$ of GDP | -18.0% |
| 2008 | 0.2901 constant 2015 US$ per US$ of GDP | -26.1% |
| 2009 | 0.2319 constant 2015 US$ per US$ of GDP | -20.0% |
| 2010 | 0.2056 constant 2015 US$ per US$ of GDP | -11.4% |
| 2011 | 0.2535 constant 2015 US$ per US$ of GDP | +23.3% |
| 2012 | 0.2618 constant 2015 US$ per US$ of GDP | +3.3% |
| 2013 | 0.22 constant 2015 US$ per US$ of GDP | -16.0% |
| 2014 | 0.2013 constant 2015 US$ per US$ of GDP | -8.5% |
| 2015 | 0.2415 constant 2015 US$ per US$ of GDP | +20.0% |
| 2016 | 0.2349 constant 2015 US$ per US$ of GDP | -2.7% |
| 2017 | 0.2397 constant 2015 US$ per US$ of GDP | +2.0% |
| 2018 | 0.2408 constant 2015 US$ per US$ of GDP | +0.4% |
| 2019 | 0.256 constant 2015 US$ per US$ of GDP | +6.3% |
| 2020 | 0.232 constant 2015 US$ per US$ of GDP | -9.4% |
| 2021 | 0.2511 constant 2015 US$ per US$ of GDP | +8.3% |
| 2022 | 0.2359 constant 2015 US$ per US$ of GDP | -6.1% |
| 2023 | 0.2127 constant 2015 US$ per US$ of GDP | -9.8% |
| 2024 | 0.1959 constant 2015 US$ per US$ of GDP | -7.9% |
| 2025 | 0.2098 constant 2015 US$ per US$ of GDP | +7.1% |
Latvia compared with similar countries
- Latvia's 0.2098 constant 2015 US$ per US$ of GDP is above the median for high income countries, which is 0.1667 constant 2015 US$ per US$ of GDP, 1.3× the median. (58 countries reporting)
- Latvia's 0.2098 constant 2015 US$ per US$ of GDP is above the median for Europe & Central Asia, which is 0.166 constant 2015 US$ per US$ of GDP, 1.3× the median. (47 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.3805 constant 2015 US$ per US$ of GDP | 0.2849 constant 2015 US$ per US$ of GDP | 0.4652 constant 2015 US$ per US$ of GDP | 5 |
| 2000s | 0.435 constant 2015 US$ per US$ of GDP | 0.2319 constant 2015 US$ per US$ of GDP | 0.5255 constant 2015 US$ per US$ of GDP | 10 |
| 2010s | 0.2355 constant 2015 US$ per US$ of GDP | 0.2013 constant 2015 US$ per US$ of GDP | 0.2618 constant 2015 US$ per US$ of GDP | 10 |
| 2020s | 0.2229 constant 2015 US$ per US$ of GDP | 0.1959 constant 2015 US$ per US$ of GDP | 0.2511 constant 2015 US$ per US$ of GDP | 6 |
Countries ranked near Latvia
- 63 Malaysia 0.2141 constant 2015 US$ per US$ of GDP compare
- 64 Bosnia and Herzegovina 0.2131 constant 2015 US$ per US$ of GDP compare
- 65 Palestine 0.2123 constant 2015 US$ per US$ of GDP compare
- 67 Philippines 0.2093 constant 2015 US$ per US$ of GDP compare
- 68 Chile 0.2056 constant 2015 US$ per US$ of GDP compare
- 69 Niger 0.2001 constant 2015 US$ per US$ of GDP compare
More economy & growth data for Latvia
- SDRs holdings, US dollar, annual growth rate 5.34 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0125 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 327.81 units per person (2025)
- SDRs holdings, SDR, annual growth rate 0.3105 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0091 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 239.37 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate -2.79 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0077 units per US$ of GDP (2025)
- IMF holdings of currency, US dollar, per capita 203.25 units per person (2025)
- IMF holdings of currency, SDR, annual growth rate -7.43 % change on previous year (2025)
Frequently asked questions
- What is gross capital formation (constant 2015 us$), per unit of gdp in Latvia?
- Gross capital formation (constant 2015 us$), per unit of gdp in Latvia was 0.2098 constant 2015 US$ per US$ of GDP in 2025, according to Statizoid (derived).
- What is the highest gross capital formation (constant 2015 us$), per unit of gdp recorded in Latvia?
- The highest recorded value was 0.5255 constant 2015 US$ per US$ of GDP in 2001.
- What is the lowest gross capital formation (constant 2015 us$), per unit of gdp recorded in Latvia?
- The lowest recorded value was 0.1959 constant 2015 US$ per US$ of GDP in 2024.
- How does Latvia rank for gross capital formation (constant 2015 us$), per unit of gdp?
- Latvia ranks 66th out of 163 countries with data for 2025.
- Is gross capital formation (constant 2015 us$), per unit of gdp rising or falling in Latvia?
- Over the last ten years it is down 13.1%. The long-run trend across the full record is falling.
- Where does this Latvia data come from?
- The figures come from Statizoid (derived), published as part of Gross capital formation (constant 2015 US$), per unit of GDP. Statizoid updates them automatically from the source API.
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How this figure is calculated
Gross capital formation (constant 2015 US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Gross capital formation (constant 2015 US$) ÷ GDP (current US$)
Computed from
- Gross capital formation Country official statistics, National Statistical Organizations and/or Central Banks
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Gross capital formation (constant 2015 US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.