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 169 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.
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
- External balance on goods and services as a percent of GDP -4.6% (2025)
- Inflation of consumer prices 3.7% (2025)
- GDP per capita 16,892 constant 2015 US$ (2025)
- Share of manufacturing in gross domestic product (GDP) 10.0% (2025)
- Gross domestic product (GDP) 31.21 billion constant 2015 US$ (2025)
- GDP per capita in international and market dollars 16,892 constant 2015 US$ (2025)
- DEC alternative conversion factor 0.885 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) 849.88 million current LCU (2024)
- Net secondary income (Net current transfers from abroad) 919.89 million current US$ (2024)
- Taxes less subsidies on products 5.62 billion current LCU (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 169 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
CSV · JSON — 31 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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.