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Gross fixed capital formation (constant 2015 US$), per unit of GDP in Latvia

Latvia: Gross fixed capital formation (constant 2015 US$), per unit of GDP was 0.1591 constant 2015 US$ per US$ of GDP in 2025. ▼ Falling

Latest (2025)
0.1591 constant 2015 US$ per US$ of GDP
Change on year
down 0.6%
World rank
108th
of 161 countries
All-time high
0.504 constant 2015 US$ per US$ of GDP
in 2001
All-time low
0.1591 constant 2015 US$ per US$ of GDP
in 2025
Years of data
31
1995–2025

Gross fixed capital formation (constant 2015 US$), per unit of GDP in Latvia, 1995–2025

0.20.30.40.51995201020251995: 0.257 constant 2015 US$ per US$ of GDP1996: 0.332 constant 2015 US$ per US$ of GDP1997: 0.309 constant 2015 US$ per US$ of GDP1998: 0.411 constant 2015 US$ per US$ of GDP1999: 0.396 constant 2015 US$ per US$ of GDP2000: 0.45 constant 2015 US$ per US$ of GDP2001: 0.504 constant 2015 US$ per US$ of GDP2002: 0.436 constant 2015 US$ per US$ of GDP2003: 0.41 constant 2015 US$ per US$ of GDP2004: 0.424 constant 2015 US$ per US$ of GDP2005: 0.436 constant 2015 US$ per US$ of GDP2006: 0.406 constant 2015 US$ per US$ of GDP2007: 0.345 constant 2015 US$ per US$ of GDP2008: 0.263 constant 2015 US$ per US$ of GDP2009: 0.209 constant 2015 US$ per US$ of GDP2010: 0.187 constant 2015 US$ per US$ of GDP2011: 0.209 constant 2015 US$ per US$ of GDP2012: 0.246 constant 2015 US$ per US$ of GDP2013: 0.216 constant 2015 US$ per US$ of GDP2014: 0.2 constant 2015 US$ per US$ of GDP2015: 0.223 constant 2015 US$ per US$ of GDP2016: 0.203 constant 2015 US$ per US$ of GDP2017: 0.208 constant 2015 US$ per US$ of GDP2018: 0.205 constant 2015 US$ per US$ of GDP2019: 0.209 constant 2015 US$ per US$ of GDP2020: 0.202 constant 2015 US$ per US$ of GDP2021: 0.188 constant 2015 US$ per US$ of GDP2022: 0.19 constant 2015 US$ per US$ of GDP2023: 0.177 constant 2015 US$ per US$ of GDP2024: 0.16 constant 2015 US$ per US$ of GDP2025: 0.159 constant 2015 US$ per US$ of GDP

Source: Statizoid (derived). Measured in constant 2015 US$ per US$ of GDP.

Analysis

In 2025, gross fixed capital formation (constant 2015 us$), per unit of gdp in Latvia stood at 0.1591 constant 2015 US$ per US$ of GDP. That is the lowest value across all 31 years on record.

Compared with earlier readings it is down 0.6% on the previous year and down 28.7% over ten years.

Over the whole period, gross fixed capital formation (constant 2015 us$), per unit of gdp in Latvia peaked at 0.504 constant 2015 US$ per US$ of GDP in 2001 and was at its lowest, 0.1591 constant 2015 US$ per US$ of GDP, in 2025.

Latvia ranks 108th of 161 countries on this measure, in the middle of the range.

The long-run direction has been consistently falling across the 31 years of available data.

Gross fixed capital formation (constant 2015 US$), per unit of GDP in Latvia, year by year

Year constant 2015 US$ per US$ of GDP Change
1995 0.2573 constant 2015 US$ per US$ of GDP —
1996 0.3318 constant 2015 US$ per US$ of GDP +28.9%
1997 0.309 constant 2015 US$ per US$ of GDP -6.9%
1998 0.4109 constant 2015 US$ per US$ of GDP +33.0%
1999 0.3957 constant 2015 US$ per US$ of GDP -3.7%
2000 0.4502 constant 2015 US$ per US$ of GDP +13.8%
2001 0.504 constant 2015 US$ per US$ of GDP +11.9%
2002 0.4355 constant 2015 US$ per US$ of GDP -13.6%
2003 0.4095 constant 2015 US$ per US$ of GDP -6.0%
2004 0.4239 constant 2015 US$ per US$ of GDP +3.5%
2005 0.4365 constant 2015 US$ per US$ of GDP +3.0%
2006 0.4056 constant 2015 US$ per US$ of GDP -7.1%
2007 0.3451 constant 2015 US$ per US$ of GDP -14.9%
2008 0.2625 constant 2015 US$ per US$ of GDP -23.9%
2009 0.2091 constant 2015 US$ per US$ of GDP -20.3%
2010 0.1875 constant 2015 US$ per US$ of GDP -10.4%
2011 0.2095 constant 2015 US$ per US$ of GDP +11.7%
2012 0.2463 constant 2015 US$ per US$ of GDP +17.6%
2013 0.2158 constant 2015 US$ per US$ of GDP -12.4%
2014 0.2001 constant 2015 US$ per US$ of GDP -7.3%
2015 0.2231 constant 2015 US$ per US$ of GDP +11.5%
2016 0.203 constant 2015 US$ per US$ of GDP -9.0%
2017 0.2079 constant 2015 US$ per US$ of GDP +2.4%
2018 0.2049 constant 2015 US$ per US$ of GDP -1.4%
2019 0.2086 constant 2015 US$ per US$ of GDP +1.8%
2020 0.2018 constant 2015 US$ per US$ of GDP -3.3%
2021 0.1884 constant 2015 US$ per US$ of GDP -6.7%
2022 0.1899 constant 2015 US$ per US$ of GDP +0.8%
2023 0.1771 constant 2015 US$ per US$ of GDP -6.8%
2024 0.1601 constant 2015 US$ per US$ of GDP -9.6%
2025 0.1591 constant 2015 US$ per US$ of GDP -0.6%

Latvia compared with similar countries

  • Latvia's 0.1591 constant 2015 US$ per US$ of GDP is below the median for high income countries, which is 0.1659 constant 2015 US$ per US$ of GDP, 96% of the median. (57 countries reporting)
  • Latvia's 0.1591 constant 2015 US$ per US$ of GDP is below the median for Europe & Central Asia, which is 0.1611 constant 2015 US$ per US$ of GDP, 99% of the median. (48 countries reporting)

Averages by decade

DecadeAverage LowestHighest Years
1990s 0.341 constant 2015 US$ per US$ of GDP 0.2573 constant 2015 US$ per US$ of GDP 0.4109 constant 2015 US$ per US$ of GDP 5
2000s 0.3882 constant 2015 US$ per US$ of GDP 0.2091 constant 2015 US$ per US$ of GDP 0.504 constant 2015 US$ per US$ of GDP 10
2010s 0.2107 constant 2015 US$ per US$ of GDP 0.1875 constant 2015 US$ per US$ of GDP 0.2463 constant 2015 US$ per US$ of GDP 10
2020s 0.1794 constant 2015 US$ per US$ of GDP 0.1591 constant 2015 US$ per US$ of GDP 0.2018 constant 2015 US$ per US$ of GDP 6

Countries ranked near Latvia

  1. 105 Mexico 0.1602 constant 2015 US$ per US$ of GDP compare
  2. 106 Ireland 0.1597 constant 2015 US$ per US$ of GDP compare
  3. 107 Spain 0.1593 constant 2015 US$ per US$ of GDP compare
  4. 109 Kenya 0.1588 constant 2015 US$ per US$ of GDP compare
  5. 110 Russia 0.1588 constant 2015 US$ per US$ of GDP compare
  6. 111 Lithuania 0.1587 constant 2015 US$ per US$ of GDP compare

See the full ranking of 194 places →

More economy & growth data for Latvia

All data for Latvia →

Frequently asked questions

What is gross fixed capital formation (constant 2015 us$), per unit of gdp in Latvia?
Gross fixed capital formation (constant 2015 us$), per unit of gdp in Latvia was 0.1591 constant 2015 US$ per US$ of GDP in 2025, according to Statizoid (derived).
What is the highest gross fixed capital formation (constant 2015 us$), per unit of gdp recorded in Latvia?
The highest recorded value was 0.504 constant 2015 US$ per US$ of GDP in 2001.
What is the lowest gross fixed capital formation (constant 2015 us$), per unit of gdp recorded in Latvia?
The lowest recorded value was 0.1591 constant 2015 US$ per US$ of GDP in 2025.
How does Latvia rank for gross fixed capital formation (constant 2015 us$), per unit of gdp?
Latvia ranks 108th out of 161 countries with data for 2025.
Is gross fixed capital formation (constant 2015 us$), per unit of gdp rising or falling in Latvia?
Over the last ten years it is down 28.7%. The long-run trend across the full record is falling.
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 unit of GDP. Statizoid updates them automatically from the source API.

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Gross fixed capital formation (constant 2015 US$), per unit of GDP in Latvia. Statizoid, drawing on Statizoid (derived). Retrieved 25 October 2026, from https://economy.statizoid.com/stat/gross-fixed-capital-formation-constant-2015-us-per-unit-of-gdp/latvia/

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How this figure is calculated

Gross fixed capital formation (constant 2015 US$) divided by GDP (current US$), 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$) ÷ GDP (current US$)

Computed from

  • Gross fixed capital formation Country official statistics, National Statistical Organizations and/or Central Banks
  • GDP 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

Indicator
Gross fixed capital formation (constant 2015 US$), per unit of GDP
Unit
constant 2015 US$ per US$ of GDP
Source
Statizoid (derived)
Licence
Derived by Statizoid from the sources named on the page
Coverage
194 places, 8,107 data points, 1960–2025
Last refreshed

Gross fixed capital formation (constant 2015 US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.