Gross capital formation (current LCU) in Latvia
Latvia: Gross capital formation (current LCU) was 10.35 billion current LCU in 2025. ◆ Volatile
Gross capital formation in Latvia, 1995–2025
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current LCU.
Analysis
In 2025, gross capital formation in Latvia stood at 10.35 billion current LCU. That is the highest value across all 31 years on record.
That represents a change of up 18.6% on the previous year and up 80.5% over ten years.
Over the whole period, gross capital formation in Latvia peaked at 10.35 billion current LCU in 2025 and was at its lowest, 632.39 million current LCU, in 1995.
That places Latvia 150th out of 187 countries with data for 2025, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross capital formation (current LCU) in Latvia, year by year
| Year | current LCU | Change |
|---|---|---|
| 1995 | 632.39 million current LCU | — |
| 1996 | 888.00 million current LCU | +40.4% |
| 1997 | 1.12 billion current LCU | +26.1% |
| 1998 | 1.53 billion current LCU | +36.4% |
| 1999 | 1.38 billion current LCU | -9.9% |
| 2000 | 1.67 billion current LCU | +21.5% |
| 2001 | 2.07 billion current LCU | +23.9% |
| 2002 | 2.33 billion current LCU | +12.4% |
| 2003 | 2.83 billion current LCU | +21.7% |
| 2004 | 3.65 billion current LCU | +28.9% |
| 2005 | 4.77 billion current LCU | +30.5% |
| 2006 | 6.81 billion current LCU | +42.9% |
| 2007 | 9.39 billion current LCU | +37.8% |
| 2008 | 8.63 billion current LCU | -8.1% |
| 2009 | 4.29 billion current LCU | -50.3% |
| 2010 | 3.71 billion current LCU | -13.5% |
| 2011 | 5.12 billion current LCU | +38.0% |
| 2012 | 6.04 billion current LCU | +18.1% |
| 2013 | 5.55 billion current LCU | -8.1% |
| 2014 | 5.62 billion current LCU | +1.2% |
| 2015 | 5.73 billion current LCU | +2.0% |
| 2016 | 5.33 billion current LCU | -7.1% |
| 2017 | 5.91 billion current LCU | +10.9% |
| 2018 | 6.72 billion current LCU | +13.7% |
| 2019 | 6.90 billion current LCU | +2.7% |
| 2020 | 6.47 billion current LCU | -6.2% |
| 2021 | 8.30 billion current LCU | +28.3% |
| 2022 | 8.90 billion current LCU | +7.2% |
| 2023 | 9.77 billion current LCU | +9.7% |
| 2024 | 8.73 billion current LCU | -10.7% |
| 2025 | 10.35 billion current LCU | +18.6% |
Latvia compared with similar countries
- Latvia's 10.35 billion current LCU is below the median for high income countries, which is 146.46 billion current LCU, 7% of the median. (67 countries reporting)
- Latvia's 10.35 billion current LCU is below the median for Europe & Central Asia, which is 155.88 billion current LCU, 7% of the median. (52 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1.11 billion current LCU | 632.39 million current LCU | 1.53 billion current LCU | 5 |
| 2000s | 4.65 billion current LCU | 1.67 billion current LCU | 9.39 billion current LCU | 10 |
| 2010s | 5.66 billion current LCU | 3.71 billion current LCU | 6.90 billion current LCU | 10 |
| 2020s | 8.75 billion current LCU | 6.47 billion current LCU | 10.35 billion current LCU | 6 |
Countries ranked near Latvia
More economy & growth data for Latvia
- Real gdp growth, annual growth rate 96.07 % change on previous year (2024)
- 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)
Frequently asked questions
- What is gross capital formation in Latvia?
- Gross capital formation in Latvia was 10.35 billion current 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 10.35 billion current LCU in 2025.
- What is the lowest gross capital formation recorded in Latvia?
- The lowest recorded value was 632.39 million current LCU in 1995.
- How does Latvia rank for gross capital formation?
- Latvia ranks 150th out of 187 countries with data for 2025.
- Is gross capital formation rising or falling in Latvia?
- Over the last ten years it is up 80.5%. The long-run trend across the full record is volatile.
- 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 (current 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 current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.