Gross fixed capital formation (constant 2015 US$), per square in Latvia
Latvia: Gross fixed capital formation (constant 2015 US$), per square was 121,732 constant 2015 US$ per square kilometre in 2023. ▲ Rising
Gross fixed capital formation (constant 2015 US$), per square in Latvia, 1995–2023
Source: Statizoid (derived). Measured in constant 2015 US$ per square kilometre.
Analysis
The most recent figure for gross fixed capital formation (constant 2015 us$), per square in Latvia is 121,732 constant 2015 US$ per square kilometre, measured in 2023.
That represents a change of up 5.0% on the previous year and up 20.4% over ten years.
Over the whole period, gross fixed capital formation (constant 2015 us$), per square in Latvia peaked at 163,146 constant 2015 US$ per square kilometre in 2007 and was at its lowest, 23,193 constant 2015 US$ per square kilometre, in 1995.
That places Latvia 71st out of 159 countries with data for 2023, putting it in the middle of the range.
The long-run direction has been consistently rising across the 29 years of available data.
Gross fixed capital formation (constant 2015 US$), per square in Latvia, year by year
| Year | constant 2015 US$ per square kilometre | Change |
|---|---|---|
| 1995 | 23,193 constant 2015 US$ per square kilometre | — |
| 1996 | 30,927 constant 2015 US$ per square kilometre | +33.3% |
| 1997 | 31,528 constant 2015 US$ per square kilometre | +1.9% |
| 1998 | 46,056 constant 2015 US$ per square kilometre | +46.1% |
| 1999 | 46,568 constant 2015 US$ per square kilometre | +1.1% |
| 2000 | 56,148 constant 2015 US$ per square kilometre | +20.6% |
| 2001 | 66,335 constant 2015 US$ per square kilometre | +18.1% |
| 2002 | 64,736 constant 2015 US$ per square kilometre | -2.4% |
| 2003 | 74,003 constant 2015 US$ per square kilometre | +14.3% |
| 2004 | 94,200 constant 2015 US$ per square kilometre | +27.3% |
| 2005 | 114,379 constant 2015 US$ per square kilometre | +21.4% |
| 2006 | 133,210 constant 2015 US$ per square kilometre | +16.5% |
| 2007 | 163,146 constant 2015 US$ per square kilometre | +22.5% |
| 2008 | 144,005 constant 2015 US$ per square kilometre | -11.7% |
| 2009 | 86,345 constant 2015 US$ per square kilometre | -40.0% |
| 2010 | 70,695 constant 2015 US$ per square kilometre | -18.1% |
| 2011 | 89,456 constant 2015 US$ per square kilometre | +26.5% |
| 2012 | 107,313 constant 2015 US$ per square kilometre | +20.0% |
| 2013 | 101,099 constant 2015 US$ per square kilometre | -5.8% |
| 2014 | 97,366 constant 2015 US$ per square kilometre | -3.7% |
| 2015 | 94,442 constant 2015 US$ per square kilometre | -3.0% |
| 2016 | 88,474 constant 2015 US$ per square kilometre | -6.3% |
| 2017 | 98,174 constant 2015 US$ per square kilometre | +11.0% |
| 2018 | 109,505 constant 2015 US$ per square kilometre | +11.5% |
| 2019 | 110,974 constant 2015 US$ per square kilometre | +1.3% |
| 2020 | 108,264 constant 2015 US$ per square kilometre | -2.4% |
| 2021 | 115,581 constant 2015 US$ per square kilometre | +6.8% |
| 2022 | 115,980 constant 2015 US$ per square kilometre | +0.3% |
| 2023 | 121,732 constant 2015 US$ per square kilometre | +5.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 35,654 constant 2015 US$ per square kilometre | 23,193 constant 2015 US$ per square kilometre | 46,568 constant 2015 US$ per square kilometre | 5 |
| 2000s | 99,651 constant 2015 US$ per square kilometre | 56,148 constant 2015 US$ per square kilometre | 163,146 constant 2015 US$ per square kilometre | 10 |
| 2010s | 96,750 constant 2015 US$ per square kilometre | 70,695 constant 2015 US$ per square kilometre | 110,974 constant 2015 US$ per square kilometre | 10 |
| 2020s | 115,389 constant 2015 US$ per square kilometre | 108,264 constant 2015 US$ per square kilometre | 121,732 constant 2015 US$ per square kilometre | 4 |
Countries ranked near Latvia
- 68 Armenia 124,099 constant 2015 US$ per square kilometre compare
- 69 Bulgaria 121,849 constant 2015 US$ per square kilometre compare
- 70 Uzbekistan 121,799 constant 2015 US$ per square kilometre compare
- 72 North Macedonia 114,494 constant 2015 US$ per square kilometre compare
- 73 Saudi Arabia 114,337 constant 2015 US$ per square kilometre compare
- 74 Samoa 106,812 constant 2015 US$ per square kilometre compare
More economy & growth data for Latvia
- Foreign direct investment, net outflows (BoP, current US$), gaps 317.22 million BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0065 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 171.67 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 243.70 million BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual -83.9 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.005 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 131.89 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 18.65 % change on previous year (2025)
- Total reserves (includes gold, current US$), per unit of GDP 0.1255 includes gold, current US$ per US$ of GDP (2025)
- Total reserves (includes gold, current US$), per capita 3,301 includes gold, current US$ per person (2025)
Frequently asked questions
- What is gross fixed capital formation (constant 2015 us$), per square in Latvia?
- Gross fixed capital formation (constant 2015 us$), per square in Latvia was 121,732 constant 2015 US$ per square kilometre in 2023, according to Statizoid (derived).
- What is the highest gross fixed capital formation (constant 2015 us$), per square recorded in Latvia?
- The highest recorded value was 163,146 constant 2015 US$ per square kilometre in 2007.
- What is the lowest gross fixed capital formation (constant 2015 us$), per square recorded in Latvia?
- The lowest recorded value was 23,193 constant 2015 US$ per square kilometre in 1995.
- How does Latvia rank for gross fixed capital formation (constant 2015 us$), per square?
- Latvia ranks 71st out of 159 countries with data for 2023.
- Is gross fixed capital formation (constant 2015 us$), per square rising or falling in Latvia?
- Over the last ten years it is up 20.4%. 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$), per square kilometre. Statizoid updates them automatically from the source API.
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How this figure is calculated
Gross fixed capital formation (constant 2015 US$) divided by Land area (sq. km), 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$) ÷ Land area (sq. km)
Computed from
- Gross fixed capital formation Country official statistics, National Statistical Organizations and/or Central Banks
- Land area FAOSTAT, Food and Agriculture Organization of the United Nations (FAO)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Gross fixed capital formation (constant 2015 US$) divided by Land area (sq. km), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.