Gross fixed capital formation in Latvia
Latvia: Gross fixed capital formation was 9.8% in 2025. ◆ Volatile
Gross fixed capital formation in Latvia, 1996–2025
Source: Country official statistics, National Statistical Offices (NSOs). Measured in annual % growth.
Analysis
In 2025, gross fixed capital formation in Latvia stood at 9.8%.
That represents a change of up 239.4% on the previous year and up 425.7% over ten years.
Over the whole period, gross fixed capital formation in Latvia peaked at 46.1% in 1998 and was at its lowest, -40.0%, in 2009.
That places Latvia 41st out of 166 countries with data for 2025, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross fixed capital formation in Latvia, year by year
| Year | annual % growth | Change |
|---|---|---|
| 1996 | 33.3% | — |
| 1997 | 1.9% | -94.2% |
| 1998 | 46.1% | +2270.0% |
| 1999 | 1.1% | -97.6% |
| 2000 | 20.6% | +1747.7% |
| 2001 | 18.1% | -11.8% |
| 2002 | -2.4% | -113.3% |
| 2003 | 14.3% | -693.8% |
| 2004 | 27.3% | +90.6% |
| 2005 | 21.4% | -21.5% |
| 2006 | 16.5% | -23.1% |
| 2007 | 22.5% | +36.5% |
| 2008 | -11.7% | -152.2% |
| 2009 | -40.0% | +241.3% |
| 2010 | -18.1% | -54.7% |
| 2011 | 26.5% | -246.4% |
| 2012 | 20.0% | -24.8% |
| 2013 | -5.8% | -129.0% |
| 2014 | -3.7% | -36.2% |
| 2015 | -3.0% | -18.7% |
| 2016 | -6.3% | +110.4% |
| 2017 | 11.0% | -273.5% |
| 2018 | 11.5% | +5.3% |
| 2019 | 1.3% | -88.4% |
| 2020 | -2.4% | -281.7% |
| 2021 | 6.8% | -377.3% |
| 2022 | 0.3% | -94.9% |
| 2023 | 5.0% | +1335.2% |
| 2024 | -7.0% | -241.5% |
| 2025 | 9.8% | -239.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 20.6% | 1.1% | 46.1% | 4 |
| 2000s | 8.6% | -40.0% | 27.3% | 10 |
| 2010s | 3.3% | -18.1% | 26.5% | 10 |
| 2020s | 2.1% | -7.0% | 9.8% | 6 |
Countries ranked near Latvia
More economy & growth data for Latvia
- Gross value added at basic prices (GVA) (current LCU), annual growth 5.5 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 0.7694 current LCU per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current LCU), per capita 20,244 current LCU per person (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), annual 1.99 % change on previous year (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), per unit 0.5567 constant 2015 US$ per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), per 14,649 constant 2015 US$ per person (2025)
- Gross value added at basic prices (GVA) (constant LCU), annual growth 1.99 % change on previous year (2025)
- Gross value added at basic prices (GVA) (constant LCU), per unit of 0.5771 constant LCU per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (constant LCU), per capita 15,184 constant LCU per person (2025)
- GDP (current US$), annual growth rate 10.49 % change on previous year (2025)
Frequently asked questions
- What is gross fixed capital formation in Latvia?
- Gross fixed capital formation in Latvia was 9.8% in 2025, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross fixed capital formation recorded in Latvia?
- The highest recorded value was 46.1% in 1998.
- What is the lowest gross fixed capital formation recorded in Latvia?
- The lowest recorded value was -40.0% in 2009.
- How does Latvia rank for gross fixed capital formation?
- Latvia ranks 41st out of 166 countries with data for 2025.
- Is gross fixed capital formation rising or falling in Latvia?
- Over the last ten years it is up 425.7%. 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 Offices (NSOs), published as part of Gross fixed capital formation (annual % growth). Statizoid updates them automatically from the source API.
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About this data
Gross fixed capital formation includes acquisitions less disposals of fixed assets during the accounting period, including certain specified expenditures on services that add to the value of non-produced assets. This indicator denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.