Gross fixed capital formation (constant 2015 US$), annual growth rate in Latvia
Latvia: Gross fixed capital formation (constant 2015 US$), annual growth rate was 9.78 % change on previous year in 2025. ◆ Volatile
Gross fixed capital formation (constant 2015 US$), annual growth rate in Latvia, 1996–2025
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
The most recent figure for gross fixed capital formation (constant 2015 us$), annual growth rate in Latvia is 9.78 % change on previous year, measured in 2025.
The figure is up 239.4% on the previous year and up 425.7% over ten years.
Over the whole period, gross fixed capital formation (constant 2015 us$), annual growth rate in Latvia peaked at 46.08 % change on previous year in 1998 and was at its lowest, -40.04 % change on previous year, in 2009.
That places Latvia 40th out of 161 countries with data for 2025, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross fixed capital formation (constant 2015 US$), annual growth rate in Latvia, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1996 | 33.34 % change on previous year | — |
| 1997 | 1.94 % change on previous year | -94.2% |
| 1998 | 46.08 % change on previous year | +2269.8% |
| 1999 | 1.11 % change on previous year | -97.6% |
| 2000 | 20.57 % change on previous year | +1747.5% |
| 2001 | 18.14 % change on previous year | -11.8% |
| 2002 | -2.41 % change on previous year | -113.3% |
| 2003 | 14.32 % change on previous year | -693.8% |
| 2004 | 27.29 % change on previous year | +90.6% |
| 2005 | 21.42 % change on previous year | -21.5% |
| 2006 | 16.46 % change on previous year | -23.1% |
| 2007 | 22.47 % change on previous year | +36.5% |
| 2008 | -11.73 % change on previous year | -152.2% |
| 2009 | -40.04 % change on previous year | +241.3% |
| 2010 | -18.12 % change on previous year | -54.7% |
| 2011 | 26.54 % change on previous year | -246.4% |
| 2012 | 19.96 % change on previous year | -24.8% |
| 2013 | -5.79 % change on previous year | -129.0% |
| 2014 | -3.69 % change on previous year | -36.2% |
| 2015 | -3 % change on previous year | -18.7% |
| 2016 | -6.32 % change on previous year | +110.4% |
| 2017 | 10.96 % change on previous year | -273.5% |
| 2018 | 11.54 % change on previous year | +5.3% |
| 2019 | 1.34 % change on previous year | -88.4% |
| 2020 | -2.44 % change on previous year | -281.7% |
| 2021 | 6.76 % change on previous year | -377.3% |
| 2022 | 0.3455 % change on previous year | -94.9% |
| 2023 | 4.96 % change on previous year | +1335.4% |
| 2024 | -7.02 % change on previous year | -241.5% |
| 2025 | 9.78 % change on previous year | -239.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 20.62 % change on previous year | 1.11 % change on previous year | 46.08 % change on previous year | 4 |
| 2000s | 8.65 % change on previous year | -40.04 % change on previous year | 27.29 % change on previous year | 10 |
| 2010s | 3.34 % change on previous year | -18.12 % change on previous year | 26.54 % change on previous year | 10 |
| 2020s | 2.07 % change on previous year | -7.02 % change on previous year | 9.78 % change on previous year | 6 |
Countries ranked near Latvia
- 37 Bosnia and Herzegovina 10.24 % change on previous year compare
- 38 Belarus 10 % change on previous year compare
- 39 Peru 9.85 % change on previous year compare
- 41 Malaysia 9.61 % change on previous year compare
- 42 Mali 9.6 % change on previous year compare
- 43 Tonga 9.16 % change on previous year compare
More economy & growth data for Latvia
- Exports of goods and services (current LCU), annual growth rate 2.1 % change on previous year (2025)
- Exports of goods and services (current LCU), per unit of GDP 0.5538 current LCU per US$ of GDP (2025)
- Exports of goods and services (current LCU), per capita 14,570 current LCU per person (2025)
- Exports of goods and services (constant 2015 US$), annual growth rate 0.074 % change on previous year (2025)
- Exports of goods and services (constant 2015 US$), per unit of GDP 0.4394 constant 2015 US$ per US$ of GDP (2025)
- Exports of goods and services (constant 2015 US$), per capita 11,562 constant 2015 US$ per person (2025)
- Gross fixed capital formation (current US$), annual growth rate 16.57 % change on previous year (2025)
- Gross fixed capital formation (current US$), per unit of GDP 0.2347 current US$ per US$ of GDP (2025)
- Gross fixed capital formation (current US$), per capita 6,175 current US$ per person (2025)
- Gross fixed capital formation (current LCU), per unit of GDP 0.2077 current LCU per US$ of GDP (2025)
Frequently asked questions
- What is gross fixed capital formation (constant 2015 us$), annual growth rate in Latvia?
- Gross fixed capital formation (constant 2015 us$), annual growth rate in Latvia was 9.78 % change on previous year in 2025, according to Statizoid (derived).
- What is the highest gross fixed capital formation (constant 2015 us$), annual growth rate recorded in Latvia?
- The highest recorded value was 46.08 % change on previous year in 1998.
- What is the lowest gross fixed capital formation (constant 2015 us$), annual growth rate recorded in Latvia?
- The lowest recorded value was -40.04 % change on previous year in 2009.
- How does Latvia rank for gross fixed capital formation (constant 2015 us$), annual growth rate?
- Latvia ranks 40th out of 161 countries with data for 2025.
- Is gross fixed capital formation (constant 2015 us$), annual growth rate 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 Statizoid (derived), published as part of Gross fixed capital formation (constant 2015 US$), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 30 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Gross fixed capital formation (constant 2015 US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross fixed capital formation Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Gross fixed capital formation (constant 2015 US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.