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$, in 1995.
Latvia ranks 88th of 187 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross capital formation in Latvia, year by year
| Year | current US$ | Change |
|---|---|---|
| 1995 | 901.87 million current US$ | — |
| 1996 | 1.13 billion current US$ | +25.7% |
| 1997 | 1.35 billion current US$ | +19.6% |
| 1998 | 1.82 billion current US$ | +34.3% |
| 1999 | 1.65 billion current US$ | -9.2% |
| 2000 | 1.94 billion current US$ | +17.2% |
| 2001 | 2.32 billion current US$ | +19.6% |
| 2002 | 2.65 billion current US$ | +14.2% |
| 2003 | 3.49 billion current US$ | +31.7% |
| 2004 | 4.75 billion current US$ | +36.3% |
| 2005 | 5.93 billion current US$ | +24.8% |
| 2006 | 8.55 billion current US$ | +44.0% |
| 2007 | 12.85 billion current US$ | +50.3% |
| 2008 | 12.62 billion current US$ | -1.8% |
| 2009 | 5.96 billion current US$ | -52.8% |
| 2010 | 4.91 billion current US$ | -17.6% |
| 2011 | 7.12 billion current US$ | +44.9% |
| 2012 | 7.77 billion current US$ | +9.1% |
| 2013 | 7.37 billion current US$ | -5.0% |
| 2014 | 7.47 billion current US$ | +1.3% |
| 2015 | 6.36 billion current US$ | -14.8% |
| 2016 | 5.90 billion current US$ | -7.3% |
| 2017 | 6.68 billion current US$ | +13.1% |
| 2018 | 7.94 billion current US$ | +18.9% |
| 2019 | 7.72 billion current US$ | -2.7% |
| 2020 | 7.40 billion current US$ | -4.3% |
| 2021 | 9.82 billion current US$ | +32.8% |
| 2022 | 9.38 billion current US$ | -4.5% |
| 2023 | 10.56 billion current US$ | +12.7% |
| 2024 | 9.44 billion current US$ | -10.6% |
| 2025 | 11.70 billion current US$ | +23.8% |
Latvia compared with similar countries
- Latvia's 11.70 billion current US$ is below the median for high income countries, which is 48.39 billion current US$, 24% of the median. (67 countries reporting)
- Latvia's 11.70 billion current US$ is below the median for Europe & Central Asia, which is 29.72 billion current US$, 39% of the median. (52 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1.37 billion current US$ | 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
- Foreign direct investment, net outflows (BoP, current US$), gaps 317.22 million BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0065 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 171.67 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 243.70 million BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual -83.9 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.005 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 131.89 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 18.65 % change on previous year (2025)
- Total reserves (includes gold, current US$), per unit of GDP 0.1255 includes gold, current US$ per US$ of GDP (2025)
- Total reserves (includes gold, current US$), per capita 3,301 includes gold, current US$ per person (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 187 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.
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 indicator is expressed in United States dollars.