Gross fixed capital formation (constant 2015 US$), per capita (capita) in Latvia
Latvia: Gross fixed capital formation (constant 2015 US$), per capita (capita) was 4,185 constant 2015 US$ per person in 2025. ▲ Rising
Gross fixed capital formation (constant 2015 US$), per capita in Latvia, 1995–2025
Source: Statizoid (derived). Measured in constant 2015 US$ per person.
Analysis
In 2025, gross fixed capital formation (constant 2015 us$), per capita in Latvia stood at 4,185 constant 2015 US$ per person.
Compared with earlier readings it is up 10.9% on the previous year and up 40.8% over ten years.
Over the whole period, gross fixed capital formation (constant 2015 us$), per capita in Latvia peaked at 4,614 constant 2015 US$ per person in 2007 and was at its lowest, 580.77 constant 2015 US$ per person, in 1995.
Latvia ranks 48th of 161 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 31 years of available data.
Gross fixed capital formation (constant 2015 US$), per capita (capita) in Latvia, year by year
| Year | constant 2015 US$ per person | Change |
|---|---|---|
| 1995 | 580.77 constant 2015 US$ per person | — |
| 1996 | 783.19 constant 2015 US$ per person | +34.9% |
| 1997 | 806.42 constant 2015 US$ per person | +3.0% |
| 1998 | 1,189 constant 2015 US$ per person | +47.5% |
| 1999 | 1,212 constant 2015 US$ per person | +1.9% |
| 2000 | 1,476 constant 2015 US$ per person | +21.7% |
| 2001 | 1,766 constant 2015 US$ per person | +19.7% |
| 2002 | 1,744 constant 2015 US$ per person | -1.3% |
| 2003 | 2,013 constant 2015 US$ per person | +15.4% |
| 2004 | 2,590 constant 2015 US$ per person | +28.7% |
| 2005 | 3,179 constant 2015 US$ per person | +22.7% |
| 2006 | 3,737 constant 2015 US$ per person | +17.5% |
| 2007 | 4,614 constant 2015 US$ per person | +23.5% |
| 2008 | 4,116 constant 2015 US$ per person | -10.8% |
| 2009 | 2,509 constant 2015 US$ per person | -39.0% |
| 2010 | 2,097 constant 2015 US$ per person | -16.4% |
| 2011 | 2,703 constant 2015 US$ per person | +28.9% |
| 2012 | 3,283 constant 2015 US$ per person | +21.5% |
| 2013 | 3,126 constant 2015 US$ per person | -4.8% |
| 2014 | 3,039 constant 2015 US$ per person | -2.8% |
| 2015 | 2,972 constant 2015 US$ per person | -2.2% |
| 2016 | 2,810 constant 2015 US$ per person | -5.5% |
| 2017 | 3,145 constant 2015 US$ per person | +12.0% |
| 2018 | 3,536 constant 2015 US$ per person | +12.4% |
| 2019 | 3,608 constant 2015 US$ per person | +2.0% |
| 2020 | 3,545 constant 2015 US$ per person | -1.8% |
| 2021 | 3,817 constant 2015 US$ per person | +7.7% |
| 2022 | 3,840 constant 2015 US$ per person | +0.6% |
| 2023 | 4,022 constant 2015 US$ per person | +4.7% |
| 2024 | 3,775 constant 2015 US$ per person | -6.1% |
| 2025 | 4,185 constant 2015 US$ per person | +10.9% |
Latvia compared with similar countries
- Latvia's 4,185 constant 2015 US$ per person is below the median for high income countries, which is 8,058 constant 2015 US$ per person, 52% of the median. (57 countries reporting)
- Latvia's 4,185 constant 2015 US$ per person is below the median for Europe & Central Asia, which is 4,648 constant 2015 US$ per person, 90% of the median. (48 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 914.35 constant 2015 US$ per person | 580.77 constant 2015 US$ per person | 1,212 constant 2015 US$ per person | 5 |
| 2000s | 2,774 constant 2015 US$ per person | 1,476 constant 2015 US$ per person | 4,614 constant 2015 US$ per person | 10 |
| 2010s | 3,032 constant 2015 US$ per person | 2,097 constant 2015 US$ per person | 3,608 constant 2015 US$ per person | 10 |
| 2020s | 3,864 constant 2015 US$ per person | 3,545 constant 2015 US$ per person | 4,185 constant 2015 US$ per person | 6 |
Countries ranked near Latvia
- 45 Puerto Rico 4,294 constant 2015 US$ per person compare
- 46 Slovak Republic 4,228 constant 2015 US$ per person compare
- 47 Türkiye 4,189 constant 2015 US$ per person compare
- 49 Greece 3,989 constant 2015 US$ per person compare
- 50 Gabon 3,773 constant 2015 US$ per person compare
- 51 Chile 3,730 constant 2015 US$ per person compare
More economy & growth data for Latvia
- Real gdp growth, annual growth rate 96.07 % change on previous year (2024)
- SDRs holdings, US dollar, annual growth rate 5.34 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0125 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 327.81 units per person (2025)
- SDRs holdings, SDR, annual growth rate 0.3105 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0091 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 239.37 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate -2.79 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0077 units per US$ of GDP (2025)
- IMF holdings of currency, US dollar, per capita 203.25 units per person (2025)
Frequently asked questions
- What is gross fixed capital formation (constant 2015 us$), per capita in Latvia?
- Gross fixed capital formation (constant 2015 us$), per capita in Latvia was 4,185 constant 2015 US$ per person in 2025, according to Statizoid (derived).
- What is the highest gross fixed capital formation (constant 2015 us$), per capita recorded in Latvia?
- The highest recorded value was 4,614 constant 2015 US$ per person in 2007.
- What is the lowest gross fixed capital formation (constant 2015 us$), per capita recorded in Latvia?
- The lowest recorded value was 580.77 constant 2015 US$ per person in 1995.
- How does Latvia rank for gross fixed capital formation (constant 2015 us$), per capita?
- Latvia ranks 48th out of 161 countries with data for 2025.
- Is gross fixed capital formation (constant 2015 us$), per capita rising or falling in Latvia?
- Over the last ten years it is up 40.8%. The long-run trend across the full record is rising.
- Where does this Latvia data come from?
- The figures come from Statizoid (derived), published as part of Gross fixed capital formation (constant 2015 US$), per capita. Statizoid updates them automatically from the source API.
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How this figure is calculated
Gross fixed capital formation (constant 2015 US$) divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Gross fixed capital formation (constant 2015 US$) ÷ Population, total
Computed from
- Gross fixed capital formation Country official statistics, National Statistical Organizations and/or Central Banks
- Population, total World Population Prospects, United Nations (UN)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Gross fixed capital formation (constant 2015 US$) divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.