Gross capital formation (current US$), per square kilometre in Latvia
Latvia: Gross capital formation (current US$), per square kilometre was 169,741 current US$ per square kilometre in 2023. ◆ Volatile
Gross capital formation (current US$), per square kilometre in Latvia, 1995–2023
Source: Statizoid (derived). Measured in current US$ per square kilometre.
Analysis
Latvia recorded 169,741 current US$ per square kilometre for gross capital formation (current us$), per square kilometre in 2023.
The figure is up 12.7% on the previous year and up 43.2% over ten years.
Over the whole period, gross capital formation (current us$), per square kilometre in Latvia peaked at 206,449 current US$ per square kilometre in 2007 and was at its lowest, 14,493 current US$ per square kilometre, in 1995.
Latvia ranks 79th of 184 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross capital formation (current US$), per square kilometre in Latvia, year by year
| Year | current US$ per square kilometre | Change |
|---|---|---|
| 1995 | 14,493 current US$ per square kilometre | — |
| 1996 | 18,211 current US$ per square kilometre | +25.7% |
| 1997 | 21,773 current US$ per square kilometre | +19.6% |
| 1998 | 29,250 current US$ per square kilometre | +34.3% |
| 1999 | 26,564 current US$ per square kilometre | -9.2% |
| 2000 | 31,135 current US$ per square kilometre | +17.2% |
| 2001 | 37,251 current US$ per square kilometre | +19.6% |
| 2002 | 42,539 current US$ per square kilometre | +14.2% |
| 2003 | 56,019 current US$ per square kilometre | +31.7% |
| 2004 | 76,369 current US$ per square kilometre | +36.3% |
| 2005 | 95,346 current US$ per square kilometre | +24.8% |
| 2006 | 137,334 current US$ per square kilometre | +44.0% |
| 2007 | 206,449 current US$ per square kilometre | +50.3% |
| 2008 | 202,833 current US$ per square kilometre | -1.8% |
| 2009 | 95,832 current US$ per square kilometre | -52.8% |
| 2010 | 78,940 current US$ per square kilometre | -17.6% |
| 2011 | 114,347 current US$ per square kilometre | +44.9% |
| 2012 | 124,801 current US$ per square kilometre | +9.1% |
| 2013 | 118,517 current US$ per square kilometre | -5.0% |
| 2014 | 120,015 current US$ per square kilometre | +1.3% |
| 2015 | 102,241 current US$ per square kilometre | -14.8% |
| 2016 | 94,807 current US$ per square kilometre | -7.3% |
| 2017 | 107,274 current US$ per square kilometre | +13.1% |
| 2018 | 127,561 current US$ per square kilometre | +18.9% |
| 2019 | 124,141 current US$ per square kilometre | -2.7% |
| 2020 | 118,841 current US$ per square kilometre | -4.3% |
| 2021 | 157,831 current US$ per square kilometre | +32.8% |
| 2022 | 150,658 current US$ per square kilometre | -4.5% |
| 2023 | 169,741 current US$ per square kilometre | +12.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 22,058 current US$ per square kilometre | 14,493 current US$ per square kilometre | 29,250 current US$ per square kilometre | 5 |
| 2000s | 98,111 current US$ per square kilometre | 31,135 current US$ per square kilometre | 206,449 current US$ per square kilometre | 10 |
| 2010s | 111,264 current US$ per square kilometre | 78,940 current US$ per square kilometre | 127,561 current US$ per square kilometre | 10 |
| 2020s | 149,268 current US$ per square kilometre | 118,841 current US$ per square kilometre | 169,741 current US$ per square kilometre | 4 |
Countries ranked near Latvia
- 76 Armenia 196,762 current US$ per square kilometre compare
- 77 Bulgaria 186,293 current US$ per square kilometre compare
- 78 North Macedonia 186,262 current US$ per square kilometre compare
- 80 Saudi Arabia 168,715 current US$ per square kilometre compare
- 81 Guatemala 160,779 current US$ per square kilometre compare
- 82 Azerbaijan 155,488 current US$ per square kilometre compare
More economy & growth data for Latvia
- Households and NPISHs Final consumption expenditure (current LCU) 4.4 % change on previous year (2025)
- Households and NPISHs Final consumption expenditure (current LCU) 0.5099 current LCU per US$ of GDP (2025)
- Households and NPISHs Final consumption expenditure (current LCU) 13,417 current LCU per person (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 0.7513 % change on previous year (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 0.3809 constant 2015 US$ per US$ of GDP (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 10,022 constant 2015 US$ per person (2025)
- Final consumption expenditure (current US$), annual growth rate 11.05 % change on previous year (2025)
- Final consumption expenditure (current US$), per unit of GDP 0.8052 current US$ per US$ of GDP (2025)
- Final consumption expenditure (current US$), per capita 21,187 current US$ per person (2025)
- Final consumption expenditure (current LCU), annual growth rate 6.37 % change on previous year (2025)
Frequently asked questions
- What is gross capital formation (current us$), per square kilometre in Latvia?
- Gross capital formation (current us$), per square kilometre in Latvia was 169,741 current US$ per square kilometre in 2023, according to Statizoid (derived).
- What is the highest gross capital formation (current us$), per square kilometre recorded in Latvia?
- The highest recorded value was 206,449 current US$ per square kilometre in 2007.
- What is the lowest gross capital formation (current us$), per square kilometre recorded in Latvia?
- The lowest recorded value was 14,493 current US$ per square kilometre in 1995.
- How does Latvia rank for gross capital formation (current us$), per square kilometre?
- Latvia ranks 79th out of 184 countries with data for 2023.
- Is gross capital formation (current us$), per square kilometre rising or falling in Latvia?
- Over the last ten years it is up 43.2%. 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$), per square kilometre. Statizoid updates them automatically from the source API.
Download this data
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How this figure is calculated
Gross capital formation (current US$) divided by Land area (sq. km), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Gross capital formation (current US$) ÷ Land area (sq. km)
Computed from
- Gross capital formation Country official statistics, National Statistical Organizations and/or Central Banks
- Land area FAOSTAT, Food and Agriculture Organization of the United Nations (FAO)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Gross capital formation (current US$) divided by Land area (sq. km), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.