Gross capital formation in Latvia
Latvia: Gross capital formation was 8.53 billion constant LCU in 2025. ▲ Rising
Gross capital formation in Latvia, 1995–2025
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant LCU.
Analysis
In 2025, gross capital formation in Latvia stood at 8.53 billion constant LCU.
The figure 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 9.65 billion constant LCU in 2007 and was at its lowest, 1.34 billion constant LCU, in 1995.
That places Latvia 135th out of 170 countries with data for 2025, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 31 years of available data.
Gross capital formation in Latvia, year by year
| Year | constant LCU | Change |
|---|---|---|
| 1995 | 1.34 billion constant LCU | — |
| 1996 | 1.71 billion constant LCU | +27.7% |
| 1997 | 1.86 billion constant LCU | +9.1% |
| 1998 | 2.71 billion constant LCU | +45.7% |
| 1999 | 2.75 billion constant LCU | +1.5% |
| 2000 | 2.90 billion constant LCU | +5.2% |
| 2001 | 3.60 billion constant LCU | +24.2% |
| 2002 | 3.84 billion constant LCU | +6.6% |
| 2003 | 4.75 billion constant LCU | +23.7% |
| 2004 | 5.83 billion constant LCU | +22.8% |
| 2005 | 6.54 billion constant LCU | +12.2% |
| 2006 | 8.18 billion constant LCU | +25.1% |
| 2007 | 9.65 billion constant LCU | +18.1% |
| 2008 | 8.28 billion constant LCU | -14.2% |
| 2009 | 4.98 billion constant LCU | -39.8% |
| 2010 | 4.03 billion constant LCU | -19.0% |
| 2011 | 5.63 billion constant LCU | +39.6% |
| 2012 | 5.94 billion constant LCU | +5.4% |
| 2013 | 5.36 billion constant LCU | -9.7% |
| 2014 | 5.10 billion constant LCU | -5.0% |
| 2015 | 5.32 billion constant LCU | +4.4% |
| 2016 | 5.33 billion constant LCU | +0.1% |
| 2017 | 5.89 billion constant LCU | +10.6% |
| 2018 | 6.70 billion constant LCU | +13.6% |
| 2019 | 7.08 billion constant LCU | +5.8% |
| 2020 | 6.47 billion constant LCU | -8.6% |
| 2021 | 8.02 billion constant LCU | +23.8% |
| 2022 | 7.50 billion constant LCU | -6.5% |
| 2023 | 7.61 billion constant LCU | +1.5% |
| 2024 | 7.21 billion constant LCU | -5.3% |
| 2025 | 8.53 billion constant LCU | +18.3% |
Latvia compared with similar countries
- Latvia's 8.53 billion constant LCU is below the median for high income countries, which is 120.45 billion constant LCU, 7% of the median. (58 countries reporting)
- Latvia's 8.53 billion constant LCU is below the median for Europe & Central Asia, which is 117.77 billion constant LCU, 7% of the median. (49 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 2.07 billion constant LCU | 1.34 billion constant LCU | 2.75 billion constant LCU | 5 |
| 2000s | 5.85 billion constant LCU | 2.90 billion constant LCU | 9.65 billion constant LCU | 10 |
| 2010s | 5.64 billion constant LCU | 4.03 billion constant LCU | 7.08 billion constant LCU | 10 |
| 2020s | 7.56 billion constant LCU | 6.47 billion constant LCU | 8.53 billion constant LCU | 6 |
Countries ranked near Latvia
More economy & growth data for Latvia
- Foreign direct investment, net outflows (BoP, current US$), gaps 317.22 million BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0065 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 171.67 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 243.70 million BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual -83.9 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.005 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 131.89 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 18.65 % change on previous year (2025)
- Total reserves (includes gold, current US$), per unit of GDP 0.1255 includes gold, current US$ per US$ of GDP (2025)
- Total reserves (includes gold, current US$), per capita 3,301 includes gold, current US$ per person (2025)
Frequently asked questions
- What is gross capital formation in Latvia?
- Gross capital formation in Latvia was 8.53 billion constant LCU 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 9.65 billion constant LCU in 2007.
- What is the lowest gross capital formation recorded in Latvia?
- The lowest recorded value was 1.34 billion constant LCU in 1995.
- How does Latvia rank for gross capital formation?
- Latvia ranks 135th out of 170 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 LCU). Statizoid updates them automatically from the source API.
Download this data
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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 varies by country. This series is expressed in local currency units.