Gross capital formation in Latvia
Latvia: Gross capital formation was 24.1% in 2025. ▼ Falling
Gross capital formation in Latvia, 1995–2025
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in % of GDP.
Analysis
Latvia recorded 24.1% for gross capital formation in 2025.
The figure is up 12.1% on the previous year and down 0.4% over ten years.
Over the whole period, gross capital formation in Latvia peaked at 43.7% in 2007 and was at its lowest, 16.1%, in 1995.
That places Latvia 89th out of 187 countries with data for 2025, putting it in the middle of the range.
The long-run direction has been consistently falling across the 31 years of available data.
Gross capital formation in Latvia, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1995 | 16.1% | — |
| 1996 | 19.5% | +21.5% |
| 1997 | 21.3% | +9.2% |
| 1998 | 26.1% | +22.3% |
| 1999 | 22.6% | -13.5% |
| 2000 | 25.0% | +10.6% |
| 2001 | 28.3% | +13.4% |
| 2002 | 28.6% | +1.1% |
| 2003 | 31.0% | +8.3% |
| 2004 | 34.4% | +10.9% |
| 2005 | 36.4% | +5.9% |
| 2006 | 41.8% | +14.9% |
| 2007 | 43.7% | +4.4% |
| 2008 | 37.0% | -15.3% |
| 2009 | 23.2% | -37.2% |
| 2010 | 20.9% | -9.8% |
| 2011 | 26.8% | +27.9% |
| 2012 | 28.6% | +7.0% |
| 2013 | 25.3% | -11.7% |
| 2014 | 24.7% | -2.5% |
| 2015 | 24.1% | -2.1% |
| 2016 | 21.8% | -9.9% |
| 2017 | 22.7% | +4.4% |
| 2018 | 23.9% | +5.1% |
| 2019 | 23.3% | -2.2% |
| 2020 | 22.2% | -5.1% |
| 2021 | 25.7% | +16.1% |
| 2022 | 24.7% | -4.1% |
| 2023 | 24.7% | +0.1% |
| 2024 | 21.5% | -13.1% |
| 2025 | 24.1% | +12.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 21.1% | 16.1% | 26.1% | 5 |
| 2000s | 32.9% | 23.2% | 43.7% | 10 |
| 2010s | 24.2% | 20.9% | 28.6% | 10 |
| 2020s | 23.8% | 21.5% | 25.7% | 6 |
Countries ranked near Latvia
More economy & growth data for Latvia
- Imports of goods and services (constant 2015 US$), annual growth rate 5.72 % change on previous year (2025)
- Imports of goods and services (constant 2015 US$), per unit of GDP 0.5233 constant 2015 US$ per US$ of GDP (2025)
- Imports of goods and services (constant 2015 US$), per capita 13,770 constant 2015 US$ per person (2025)
- External balance on goods and services (current US$), annual growth -219.63 % change on previous year (2025)
- External balance on goods and services (current LCU), annual growth -206.16 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (current LCU), annual 7.48 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (current LCU), per 0.0355 current LCU per US$ of GDP (2025)
- Agriculture, forestry, and fishing, value added (current LCU), per 933.65 current LCU per person (2025)
- Agriculture, forestry, and fishing, value added (constant 2015 US$) -3.16 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (constant 2015 US$) 0.0183 constant 2015 US$ per US$ of GDP (2025)
Frequently asked questions
- What is gross capital formation in Latvia?
- Gross capital formation in Latvia was 24.1% 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 43.7% in 2007.
- What is the lowest gross capital formation recorded in Latvia?
- The lowest recorded value was 16.1% in 1995.
- How does Latvia rank for gross capital formation?
- Latvia ranks 89th out of 187 countries with data for 2025.
- Is gross capital formation rising or falling in Latvia?
- Over the last ten years it is down 0.4%. The long-run trend across the full record is falling.
- 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 (% of GDP). Statizoid updates them automatically from the source API.
Download this data
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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 as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.