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Gross capital formation (constant LCU), per unit of GDP in Latvia

Latvia: Gross capital formation (constant LCU), per unit of GDP was 0.1754 constant LCU per US$ of GDP in 2025. ▼ Falling

Latest (2025)
0.1754 constant LCU per US$ of GDP
Change on year
up 7.1%
World rank
134th
of 170 countries
All-time high
0.4395 constant LCU per US$ of GDP
in 2001
All-time low
0.1638 constant LCU per US$ of GDP
in 2024
Years of data
31
1995–2025

Gross capital formation (constant LCU), per unit of GDP in Latvia, 1995–2025

00.10.20.30.41995201020251995: 0.238 constant LCU per US$ of GDP1996: 0.294 constant LCU per US$ of GDP1997: 0.293 constant LCU per US$ of GDP1998: 0.389 constant LCU per US$ of GDP1999: 0.376 constant LCU per US$ of GDP2000: 0.373 constant LCU per US$ of GDP2001: 0.439 constant LCU per US$ of GDP2002: 0.415 constant LCU per US$ of GDP2003: 0.422 constant LCU per US$ of GDP2004: 0.421 constant LCU per US$ of GDP2005: 0.401 constant LCU per US$ of GDP2006: 0.4 constant LCU per US$ of GDP2007: 0.328 constant LCU per US$ of GDP2008: 0.243 constant LCU per US$ of GDP2009: 0.194 constant LCU per US$ of GDP2010: 0.172 constant LCU per US$ of GDP2011: 0.212 constant LCU per US$ of GDP2012: 0.219 constant LCU per US$ of GDP2013: 0.184 constant LCU per US$ of GDP2014: 0.168 constant LCU per US$ of GDP2015: 0.202 constant LCU per US$ of GDP2016: 0.196 constant LCU per US$ of GDP2017: 0.2 constant LCU per US$ of GDP2018: 0.201 constant LCU per US$ of GDP2019: 0.214 constant LCU per US$ of GDP2020: 0.194 constant LCU per US$ of GDP2021: 0.21 constant LCU per US$ of GDP2022: 0.197 constant LCU per US$ of GDP2023: 0.178 constant LCU per US$ of GDP2024: 0.164 constant LCU per US$ of GDP2025: 0.175 constant LCU per US$ of GDP

Source: Statizoid (derived). Measured in constant LCU per US$ of GDP.

Analysis

The most recent figure for gross capital formation (constant lcu), per unit of gdp in Latvia is 0.1754 constant LCU 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 lcu), per unit of gdp in Latvia peaked at 0.4395 constant LCU per US$ of GDP in 2001 and was at its lowest, 0.1638 constant LCU per US$ of GDP, in 2024.

That places Latvia 134th out of 170 countries with data for 2025, putting it in the bottom quarter.

The long-run direction has been consistently falling across the 31 years of available data.

Gross capital formation (constant LCU), per unit of GDP in Latvia, year by year

Year constant LCU per US$ of GDP Change
1995 0.2382 constant LCU per US$ of GDP —
1996 0.2942 constant LCU per US$ of GDP +23.5%
1997 0.2933 constant LCU per US$ of GDP -0.3%
1998 0.389 constant LCU per US$ of GDP +32.6%
1999 0.3761 constant LCU per US$ of GDP -3.3%
2000 0.3735 constant LCU per US$ of GDP -0.7%
2001 0.4395 constant LCU per US$ of GDP +17.7%
2002 0.4149 constant LCU per US$ of GDP -5.6%
2003 0.4222 constant LCU per US$ of GDP +1.7%
2004 0.4215 constant LCU per US$ of GDP -0.2%
2005 0.401 constant LCU per US$ of GDP -4.9%
2006 0.4002 constant LCU per US$ of GDP -0.2%
2007 0.3281 constant LCU per US$ of GDP -18.0%
2008 0.2426 constant LCU per US$ of GDP -26.1%
2009 0.1939 constant LCU per US$ of GDP -20.0%
2010 0.1719 constant LCU per US$ of GDP -11.4%
2011 0.212 constant LCU per US$ of GDP +23.3%
2012 0.2189 constant LCU per US$ of GDP +3.3%
2013 0.184 constant LCU per US$ of GDP -16.0%
2014 0.1683 constant LCU per US$ of GDP -8.5%
2015 0.2019 constant LCU per US$ of GDP +20.0%
2016 0.1965 constant LCU per US$ of GDP -2.7%
2017 0.2005 constant LCU per US$ of GDP +2.0%
2018 0.2014 constant LCU per US$ of GDP +0.4%
2019 0.214 constant LCU per US$ of GDP +6.3%
2020 0.194 constant LCU per US$ of GDP -9.4%
2021 0.21 constant LCU per US$ of GDP +8.3%
2022 0.1972 constant LCU per US$ of GDP -6.1%
2023 0.1779 constant LCU per US$ of GDP -9.8%
2024 0.1638 constant LCU per US$ of GDP -7.9%
2025 0.1754 constant LCU per US$ of GDP +7.1%

Averages by decade

DecadeAverage LowestHighest Years
1990s 0.3182 constant LCU per US$ of GDP 0.2382 constant LCU per US$ of GDP 0.389 constant LCU per US$ of GDP 5
2000s 0.3637 constant LCU per US$ of GDP 0.1939 constant LCU per US$ of GDP 0.4395 constant LCU per US$ of GDP 10
2010s 0.1969 constant LCU per US$ of GDP 0.1683 constant LCU per US$ of GDP 0.2189 constant LCU per US$ of GDP 10
2020s 0.1864 constant LCU per US$ of GDP 0.1638 constant LCU per US$ of GDP 0.21 constant LCU per US$ of GDP 6

Countries ranked near Latvia

  1. 131 Kosovo 0.1794 constant LCU per US$ of GDP compare
  2. 131 Kosovo (UNSCR 1244) 0.1794 constant LCU per US$ of GDP compare
  3. 133 South Sudan 0.1779 constant LCU per US$ of GDP compare
  4. 135 Estonia 0.1749 constant LCU per US$ of GDP compare
  5. 136 Ecuador 0.171 constant LCU per US$ of GDP compare
  6. 137 Belgium 0.1697 constant LCU per US$ of GDP compare

See the full ranking of 170 places →

More economy & growth data for Latvia

All data for Latvia →

Frequently asked questions

What is gross capital formation (constant lcu), per unit of gdp in Latvia?
Gross capital formation (constant lcu), per unit of gdp in Latvia was 0.1754 constant LCU per US$ of GDP in 2025, according to Statizoid (derived).
What is the highest gross capital formation (constant lcu), per unit of gdp recorded in Latvia?
The highest recorded value was 0.4395 constant LCU per US$ of GDP in 2001.
What is the lowest gross capital formation (constant lcu), per unit of gdp recorded in Latvia?
The lowest recorded value was 0.1638 constant LCU per US$ of GDP in 2024.
How does Latvia rank for gross capital formation (constant lcu), per unit of gdp?
Latvia ranks 134th out of 170 countries with data for 2025.
Is gross capital formation (constant lcu), 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 LCU), per unit of GDP. Statizoid updates them automatically from the source API.

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Gross capital formation (constant LCU), per unit of GDP in Latvia. Statizoid, drawing on Statizoid (derived). Retrieved 22 September 2026, from https://economy.statizoid.com/stat/gross-capital-formation-constant-lcu-per-unit-of-gdp/latvia/

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How this figure is calculated

Gross capital formation (constant LCU) 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 LCU) ÷ 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

Indicator
Gross capital formation (constant LCU), per unit of GDP
Unit
constant LCU per US$ of GDP
Source
Statizoid (derived)
Licence
Derived by Statizoid from the sources named on the page
Coverage
170 places, 7,061 data points, 1960–2025
Last refreshed

Gross capital formation (constant LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.