Gross capital formation (current LCU), annual growth rate in Latvia
Latvia: Gross capital formation (current LCU), annual growth rate was 18.62 % change on previous year in 2025. ◆ Volatile
Gross capital formation (current LCU), annual growth rate in Latvia, 1996–2025
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2025, gross capital formation (current lcu), annual growth rate in Latvia stood at 18.62 % change on previous year.
That represents a change of up 274.3% on the previous year and up 828.8% over ten years.
Over the whole period, gross capital formation (current lcu), annual growth rate in Latvia peaked at 42.94 % change on previous year in 2006 and was at its lowest, -50.32 % change on previous year, in 2009.
That places Latvia 40th out of 186 countries with data for 2025, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross capital formation (current LCU), annual growth rate in Latvia, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1996 | 40.42 % change on previous year | — |
| 1997 | 26.12 % change on previous year | -35.4% |
| 1998 | 36.41 % change on previous year | +39.4% |
| 1999 | -9.91 % change on previous year | -127.2% |
| 2000 | 21.49 % change on previous year | -316.9% |
| 2001 | 23.86 % change on previous year | +11.0% |
| 2002 | 12.43 % change on previous year | -47.9% |
| 2003 | 21.73 % change on previous year | +74.8% |
| 2004 | 28.88 % change on previous year | +32.9% |
| 2005 | 30.5 % change on previous year | +5.6% |
| 2006 | 42.94 % change on previous year | +40.8% |
| 2007 | 37.83 % change on previous year | -11.9% |
| 2008 | -8.07 % change on previous year | -121.3% |
| 2009 | -50.32 % change on previous year | +523.7% |
| 2010 | -13.54 % change on previous year | -73.1% |
| 2011 | 38.01 % change on previous year | -380.6% |
| 2012 | 18.08 % change on previous year | -52.4% |
| 2013 | -8.1 % change on previous year | -144.8% |
| 2014 | 1.21 % change on previous year | -114.9% |
| 2015 | 2 % change on previous year | +66.3% |
| 2016 | -7.05 % change on previous year | -451.8% |
| 2017 | 10.87 % change on previous year | -254.1% |
| 2018 | 13.75 % change on previous year | +26.5% |
| 2019 | 2.66 % change on previous year | -80.6% |
| 2020 | -6.17 % change on previous year | -331.6% |
| 2021 | 28.26 % change on previous year | -558.0% |
| 2022 | 7.21 % change on previous year | -74.5% |
| 2023 | 9.73 % change on previous year | +34.9% |
| 2024 | -10.68 % change on previous year | -209.8% |
| 2025 | 18.62 % change on previous year | -274.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 23.26 % change on previous year | -9.91 % change on previous year | 40.42 % change on previous year | 4 |
| 2000s | 16.13 % change on previous year | -50.32 % change on previous year | 42.94 % change on previous year | 10 |
| 2010s | 5.79 % change on previous year | -13.54 % change on previous year | 38.01 % change on previous year | 10 |
| 2020s | 7.83 % change on previous year | -10.68 % change on previous year | 28.26 % change on previous year | 6 |
Countries ranked near Latvia
- 37 Paraguay 20.29 % change on previous year compare
- 38 Tajikistan 20.19 % change on previous year compare
- 39 Hong Kong, China 19.41 % change on previous year compare
- 41 Republic of Moldova 18.25 % change on previous year compare
- 42 Marshall Islands 18.24 % change on previous year compare
- 43 Belarus 17.93 % change on previous year compare
More economy & growth data for Latvia
- Gross capital formation (current US$), annual growth rate 23.84 % change on previous year (2025)
- Gross capital formation (current US$), per unit of GDP 0.2406 current US$ per US$ of GDP (2025)
- Gross capital formation (current US$), per capita 6,330 current US$ per person (2025)
- Gross capital formation (current LCU), per unit of GDP 0.2129 current LCU per US$ of GDP (2025)
- Gross capital formation (current LCU), per capita 5,601 current LCU per person (2025)
- Gross capital formation (constant 2015 US$), annual growth rate 18.33 % change on previous year (2025)
- Gross capital formation (constant 2015 US$), per unit of GDP 0.2098 constant 2015 US$ per US$ of GDP (2025)
- Gross capital formation (constant 2015 US$), per capita 5,519 constant 2015 US$ per person (2025)
- Imports of goods and services (current US$), annual growth rate 11.67 % change on previous year (2025)
- Imports of goods and services (current US$), per unit of GDP 0.6715 current US$ per US$ of GDP (2025)
Frequently asked questions
- What is gross capital formation (current lcu), annual growth rate in Latvia?
- Gross capital formation (current lcu), annual growth rate in Latvia was 18.62 % change on previous year in 2025, according to Statizoid (derived).
- What is the highest gross capital formation (current lcu), annual growth rate recorded in Latvia?
- The highest recorded value was 42.94 % change on previous year in 2006.
- What is the lowest gross capital formation (current lcu), annual growth rate recorded in Latvia?
- The lowest recorded value was -50.32 % change on previous year in 2009.
- How does Latvia rank for gross capital formation (current lcu), annual growth rate?
- Latvia ranks 40th out of 186 countries with data for 2025.
- Is gross capital formation (current lcu), annual growth rate rising or falling in Latvia?
- Over the last ten years it is up 828.8%. The long-run trend across the full record is volatile.
- Where does this Latvia data come from?
- The figures come from Statizoid (derived), published as part of Gross capital formation (current LCU), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 30 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Gross capital formation (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross capital formation 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
The year-on-year percentage change in Gross capital formation (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.