Gross capital formation (constant 2015 US$) in Latvia
Latvia: Gross capital formation (constant 2015 US$) was 10.20 billion constant 2015 US$ in 2025. ▲ Rising
Gross capital formation in Latvia, 1995–2025
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant 2015 US$.
Analysis
In 2025, gross capital formation in Latvia stood at 10.20 billion constant 2015 US$.
Compared with earlier readings it is up 18.3% on the previous year and up 60.3% over ten years.
Over the whole period, gross capital formation in Latvia peaked at 11.54 billion constant 2015 US$ in 2007 and was at its lowest, 1.60 billion constant 2015 US$, in 1995.
Latvia ranks 84th of 163 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 31 years of available data.
Gross capital formation (constant 2015 US$) in Latvia, year by year
| Year | constant 2015 US$ | Change |
|---|---|---|
| 1995 | 1.60 billion constant 2015 US$ | — |
| 1996 | 2.04 billion constant 2015 US$ | +27.7% |
| 1997 | 2.23 billion constant 2015 US$ | +9.1% |
| 1998 | 3.24 billion constant 2015 US$ | +45.7% |
| 1999 | 3.29 billion constant 2015 US$ | +1.5% |
| 2000 | 3.47 billion constant 2015 US$ | +5.2% |
| 2001 | 4.30 billion constant 2015 US$ | +24.2% |
| 2002 | 4.59 billion constant 2015 US$ | +6.6% |
| 2003 | 5.68 billion constant 2015 US$ | +23.7% |
| 2004 | 6.97 billion constant 2015 US$ | +22.8% |
| 2005 | 7.82 billion constant 2015 US$ | +12.2% |
| 2006 | 9.78 billion constant 2015 US$ | +25.1% |
| 2007 | 11.54 billion constant 2015 US$ | +18.1% |
| 2008 | 9.90 billion constant 2015 US$ | -14.2% |
| 2009 | 5.96 billion constant 2015 US$ | -39.8% |
| 2010 | 4.82 billion constant 2015 US$ | -19.0% |
| 2011 | 6.74 billion constant 2015 US$ | +39.6% |
| 2012 | 7.10 billion constant 2015 US$ | +5.4% |
| 2013 | 6.41 billion constant 2015 US$ | -9.7% |
| 2014 | 6.10 billion constant 2015 US$ | -5.0% |
| 2015 | 6.36 billion constant 2015 US$ | +4.4% |
| 2016 | 6.37 billion constant 2015 US$ | +0.1% |
| 2017 | 7.05 billion constant 2015 US$ | +10.6% |
| 2018 | 8.01 billion constant 2015 US$ | +13.6% |
| 2019 | 8.47 billion constant 2015 US$ | +5.8% |
| 2020 | 7.74 billion constant 2015 US$ | -8.6% |
| 2021 | 9.59 billion constant 2015 US$ | +23.8% |
| 2022 | 8.96 billion constant 2015 US$ | -6.5% |
| 2023 | 9.10 billion constant 2015 US$ | +1.5% |
| 2024 | 8.62 billion constant 2015 US$ | -5.3% |
| 2025 | 10.20 billion constant 2015 US$ | +18.3% |
Latvia compared with similar countries
- Latvia's 10.20 billion constant 2015 US$ is below the median for high income countries, which is 50.23 billion constant 2015 US$, 20% of the median. (58 countries reporting)
- Latvia's 10.20 billion constant 2015 US$ is below the median for Europe & Central Asia, which is 21.86 billion constant 2015 US$, 47% of the median. (47 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 2.48 billion constant 2015 US$ | 1.60 billion constant 2015 US$ | 3.29 billion constant 2015 US$ | 5 |
| 2000s | 7.00 billion constant 2015 US$ | 3.47 billion constant 2015 US$ | 11.54 billion constant 2015 US$ | 10 |
| 2010s | 6.74 billion constant 2015 US$ | 4.82 billion constant 2015 US$ | 8.47 billion constant 2015 US$ | 10 |
| 2020s | 9.04 billion constant 2015 US$ | 7.74 billion constant 2015 US$ | 10.20 billion constant 2015 US$ | 6 |
Countries ranked near Latvia
- 81 Uruguay 11.23 billion constant 2015 US$ compare
- 82 Senegal 10.62 billion constant 2015 US$ compare
- 83 Luxembourg 10.51 billion constant 2015 US$ compare
- 85 Gabon 9.83 billion constant 2015 US$ compare
- 86 Cameroon 9.05 billion constant 2015 US$ compare
- 87 Tunisia 8.87 billion constant 2015 US$ 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 in Latvia?
- Gross capital formation in Latvia was 10.20 billion constant 2015 US$ 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 11.54 billion constant 2015 US$ in 2007.
- What is the lowest gross capital formation recorded in Latvia?
- The lowest recorded value was 1.60 billion constant 2015 US$ in 1995.
- How does Latvia rank for gross capital formation?
- Latvia ranks 84th out of 163 countries with data for 2025.
- Is gross capital formation rising or falling in Latvia?
- Over the last ten years it is up 60.3%. The long-run trend across the full record is rising.
- 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 (constant 2015 US$). 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 is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2015. This indicator is expressed in United States dollars.