Gross capital formation (current US$), annual growth rate in Latvia
Latvia: Gross capital formation (current US$), annual growth rate was 23.84 % change on previous year in 2025. ◆ Volatile
Gross capital formation (current US$), annual growth rate in Latvia, 1996–2025
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
The most recent figure for gross capital formation (current us$), annual growth rate in Latvia is 23.84 % change on previous year, measured in 2025.
Compared with earlier readings it is up 325.1% on the previous year and up 260.9% over ten years.
Over the whole period, gross capital formation (current us$), annual growth rate in Latvia peaked at 50.33 % change on previous year in 2007 and was at its lowest, -52.75 % change on previous year, in 2009.
That places Latvia 24th out of 186 countries with data for 2025, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross capital formation (current US$), annual growth rate in Latvia, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1996 | 25.65 % change on previous year | — |
| 1997 | 19.56 % change on previous year | -23.8% |
| 1998 | 34.34 % change on previous year | +75.6% |
| 1999 | -9.18 % change on previous year | -126.7% |
| 2000 | 17.21 % change on previous year | -287.4% |
| 2001 | 19.64 % change on previous year | +14.1% |
| 2002 | 14.2 % change on previous year | -27.7% |
| 2003 | 31.69 % change on previous year | +123.2% |
| 2004 | 36.33 % change on previous year | +14.6% |
| 2005 | 24.85 % change on previous year | -31.6% |
| 2006 | 44.04 % change on previous year | +77.2% |
| 2007 | 50.33 % change on previous year | +14.3% |
| 2008 | -1.75 % change on previous year | -103.5% |
| 2009 | -52.75 % change on previous year | +2912.0% |
| 2010 | -17.63 % change on previous year | -66.6% |
| 2011 | 44.85 % change on previous year | -354.5% |
| 2012 | 9.14 % change on previous year | -79.6% |
| 2013 | -5.03 % change on previous year | -155.1% |
| 2014 | 1.26 % change on previous year | -125.1% |
| 2015 | -14.81 % change on previous year | -1272.0% |
| 2016 | -7.27 % change on previous year | -50.9% |
| 2017 | 13.15 % change on previous year | -280.9% |
| 2018 | 18.91 % change on previous year | +43.8% |
| 2019 | -2.68 % change on previous year | -114.2% |
| 2020 | -4.26 % change on previous year | +59.1% |
| 2021 | 32.81 % change on previous year | -869.3% |
| 2022 | -4.54 % change on previous year | -113.9% |
| 2023 | 12.67 % change on previous year | -378.7% |
| 2024 | -10.59 % change on previous year | -183.6% |
| 2025 | 23.84 % change on previous year | -325.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 17.59 % change on previous year | -9.18 % change on previous year | 34.34 % change on previous year | 4 |
| 2000s | 18.38 % change on previous year | -52.75 % change on previous year | 50.33 % change on previous year | 10 |
| 2010s | 3.99 % change on previous year | -17.63 % change on previous year | 44.85 % change on previous year | 10 |
| 2020s | 8.32 % change on previous year | -10.59 % change on previous year | 32.81 % change on previous year | 6 |
Countries ranked near Latvia
- 21 Guinea 30.63 % change on previous year compare
- 22 Vanuatu 27.93 % change on previous year compare
- 23 Belarus 24.73 % change on previous year compare
- 25 Sri Lanka 22.92 % change on previous year compare
- 26 Bulgaria 22.64 % change on previous year compare
- 27 Albania 22.52 % change on previous year compare
More economy & growth data for Latvia
- 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), annual growth rate 18.62 % change on previous year (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 us$), annual growth rate in Latvia?
- Gross capital formation (current us$), annual growth rate in Latvia was 23.84 % change on previous year in 2025, according to Statizoid (derived).
- What is the highest gross capital formation (current us$), annual growth rate recorded in Latvia?
- The highest recorded value was 50.33 % change on previous year in 2007.
- What is the lowest gross capital formation (current us$), annual growth rate recorded in Latvia?
- The lowest recorded value was -52.75 % change on previous year in 2009.
- How does Latvia rank for gross capital formation (current us$), annual growth rate?
- Latvia ranks 24th out of 186 countries with data for 2025.
- Is gross capital formation (current us$), annual growth rate rising or falling in Latvia?
- Over the last ten years it is up 260.9%. 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 US$), annual growth rate. Statizoid updates them automatically from the source API.
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How this figure is calculated
The year-on-year percentage change in Gross capital formation (current US$). 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 US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.