Gross capital formation in Latvia
Latvia: Gross capital formation was 11.70 billion current US$ in 2025. ◆ Volatile
Gross capital formation in Latvia, 1995–2025
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current US$.
Analysis
In 2025, gross capital formation in Latvia stood at 11.70 billion current US$.
The figure is up 23.8% on the previous year and up 83.8% over ten years.
Over the whole period, gross capital formation in Latvia peaked at 12.85 billion current US$ in 2007 and was at its lowest, 901.87 million current US$, in 1995.
Latvia ranks 88th of 185 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1.37 billion current US$ | 901.87 million current US$ | 1.82 billion current US$ | 5 |
| 2000s | 6.11 billion current US$ | 1.94 billion current US$ | 12.85 billion current US$ | 10 |
| 2010s | 6.92 billion current US$ | 4.91 billion current US$ | 7.94 billion current US$ | 10 |
| 2020s | 9.72 billion current US$ | 7.40 billion current US$ | 11.70 billion current US$ | 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 11.70 billion current US$ 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 12.85 billion current US$ in 2007.
- What is the lowest gross capital formation recorded in Latvia?
- The lowest recorded value was 901.87 million current US$ in 1995.
- How does Latvia rank for gross capital formation?
- Latvia ranks 88th out of 185 countries with data for 2025.
- Is gross capital formation rising or falling in Latvia?
- Over the last ten years it is up 83.8%. 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 US$). Statizoid updates them automatically from the source API.
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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 indicator is expressed in United States dollars.