Gross capital formation, Percent of GDP in Latvia
Latvia: Gross capital formation, Percent of GDP was 25.06 in 2031. ▬ Flat
Gross capital formation, Percent of GDP in Latvia, 1992–2031
Source: International Monetary Fund.
Analysis
In 2031, gross capital formation, percent of gdp in Latvia stood at 25.06.
Compared with earlier readings it is up 0.1% on the previous year and down 2.6% over ten years.
Over the whole period, gross capital formation, percent of gdp in Latvia peaked at 43.67 in 2007 and was at its lowest, 10.14, in 1993.
Latvia ranks 12th of 26 countries on this measure, in the middle of the range.
Gross capital formation, Percent of GDP in Latvia, year by year
| Year | Value | Change |
|---|---|---|
| 1992 | 23.24 | — |
| 1993 | 10.14 | -56.4% |
| 1994 | 16.76 | +65.3% |
| 1995 | 16.08 | -4.1% |
| 1996 | 19.54 | +21.5% |
| 1997 | 21.34 | +9.2% |
| 1998 | 26.1 | +22.3% |
| 1999 | 22.57 | -13.5% |
| 2000 | 24.96 | +10.6% |
| 2001 | 28.3 | +13.4% |
| 2002 | 28.62 | +1.1% |
| 2003 | 31 | +8.3% |
| 2004 | 34.37 | +10.9% |
| 2005 | 36.38 | +5.9% |
| 2006 | 41.82 | +14.9% |
| 2007 | 43.67 | +4.4% |
| 2008 | 36.98 | -15.3% |
| 2009 | 23.21 | -37.2% |
| 2010 | 20.93 | -9.8% |
| 2011 | 26.77 | +27.9% |
| 2012 | 28.64 | +7.0% |
| 2013 | 25.3 | -11.7% |
| 2014 | 24.67 | -2.5% |
| 2015 | 24.15 | -2.1% |
| 2016 | 21.76 | -9.9% |
| 2017 | 22.71 | +4.4% |
| 2018 | 23.87 | +5.1% |
| 2019 | 23.34 | -2.2% |
| 2020 | 22.16 | -5.1% |
| 2021 | 25.72 | +16.1% |
| 2022 | 24.67 | -4.1% |
| 2023 | 24.69 | +0.1% |
| 2024 | 21.46 | -13.1% |
| 2025 | 24.88 | +15.9% |
| 2026 | 25.11 | +0.9% |
| 2027 | 24.95 | -0.6% |
| 2028 | 24.96 | +0.0% |
| 2029 | 25.01 | +0.2% |
| 2030 | 25.03 | +0.1% |
| 2031 | 25.06 | +0.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 19.47 | 10.14 | 26.1 | 8 |
| 2000s | 32.93 | 23.21 | 43.67 | 10 |
| 2010s | 24.21 | 20.93 | 28.64 | 10 |
| 2020s | 24.36 | 21.46 | 25.72 | 10 |
| 2030s | 25.05 | 25.03 | 25.06 | 2 |
Countries ranked near Latvia
- 9 Brunei Darussalam 27.11 compare
- 10 Singapore 26.72 compare
- 11 Lithuania 25.87 compare
- 13 Australia 25.04 compare
- 14 Montenegro 24.64 compare
- 15 Chinese Taipei 24.43 compare
More economy & growth data for Latvia
- Total reserves minus gold (current US$), annual growth rate 12.7 % change on previous year (2025)
- Total reserves minus gold (current US$), per unit of GDP 0.1062 current US$ per US$ of GDP (2025)
- Total reserves minus gold (current US$), per capita 2,795 current US$ per person (2025)
- General government final consumption expenditure (current US$) 16.59 % change on previous year (2025)
- General government final consumption expenditure (current US$), per 0.229 current US$ per US$ of GDP (2025)
- General government final consumption expenditure (current US$), per 6,027 current US$ per person (2025)
- General government final consumption expenditure (current LCU) 11.68 % change on previous year (2025)
- General government final consumption expenditure (current LCU), per 0.2027 current LCU per US$ of GDP (2025)
- General government final consumption expenditure (current LCU), per 5,333 current LCU per person (2025)
- General government final consumption expenditure (constant 2015 US$) 6.98 % change on previous year (2025)
Frequently asked questions
- What is gross capital formation, percent of gdp in Latvia?
- Gross capital formation, percent of gdp in Latvia was 25.06 in 2031, according to International Monetary Fund.
- What is the highest gross capital formation, percent of gdp recorded in Latvia?
- The highest recorded value was 43.67 in 2007.
- What is the lowest gross capital formation, percent of gdp recorded in Latvia?
- The lowest recorded value was 10.14 in 1993.
- How does Latvia rank for gross capital formation, percent of gdp?
- Latvia ranks 12th out of 26 countries with data for 2031.
- Is gross capital formation, percent of gdp rising or falling in Latvia?
- Over the last ten years it is down 2.6%. The long-run trend across the full record is flat.
- Where does this Latvia data come from?
- The figures come from International Monetary Fund, published as part of Gross capital formation, Percent of GDP (9/26/2025). Statizoid updates them automatically from the source API.
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About this data
The World Economic Outlook (WEO) database is created during the biannual WEO exercise, which begins in January and June of each year and results in the April and September/October WEO publication. Selected series from the publication are available in a database format.