Gross fixed capital formation (current LCU), per square kilometre in Latvia
Latvia: Gross fixed capital formation (current LCU), per square kilometre was 152,730 current LCU per square kilometre in 2023. ◆ Volatile
Gross fixed capital formation (current LCU), per square kilometre in Latvia, 1995–2023
Source: Statizoid (derived). Measured in current LCU per square kilometre.
Analysis
Latvia recorded 152,730 current LCU per square kilometre for gross fixed capital formation (current lcu), per square kilometre in 2023. That is the highest value across all 29 years on record.
That represents a change of up 13.1% on the previous year and up 73.4% over ten years.
Over the whole period, gross fixed capital formation (current lcu), per square kilometre in Latvia peaked at 152,730 current LCU per square kilometre in 2023 and was at its lowest, 8,967 current LCU per square kilometre, in 1995.
Latvia ranks 153rd of 177 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross fixed capital formation (current LCU), per square kilometre in Latvia, year by year
| Year | current LCU per square kilometre | Change |
|---|---|---|
| 1995 | 8,967 current LCU per square kilometre | — |
| 1996 | 13,244 current LCU per square kilometre | +47.7% |
| 1997 | 14,816 current LCU per square kilometre | +11.9% |
| 1998 | 22,617 current LCU per square kilometre | +52.7% |
| 1999 | 22,443 current LCU per square kilometre | -0.8% |
| 2000 | 27,123 current LCU per square kilometre | +20.9% |
| 2001 | 31,951 current LCU per square kilometre | +17.8% |
| 2002 | 31,771 current LCU per square kilometre | -0.6% |
| 2003 | 37,285 current LCU per square kilometre | +17.4% |
| 2004 | 50,284 current LCU per square kilometre | +34.9% |
| 2005 | 67,442 current LCU per square kilometre | +34.1% |
| 2006 | 92,492 current LCU per square kilometre | +37.1% |
| 2007 | 131,743 current LCU per square kilometre | +42.4% |
| 2008 | 125,408 current LCU per square kilometre | -4.8% |
| 2009 | 68,066 current LCU per square kilometre | -45.7% |
| 2010 | 55,584 current LCU per square kilometre | -18.3% |
| 2011 | 72,887 current LCU per square kilometre | +31.1% |
| 2012 | 91,610 current LCU per square kilometre | +25.7% |
| 2013 | 88,086 current LCU per square kilometre | -3.8% |
| 2014 | 86,596 current LCU per square kilometre | -1.7% |
| 2015 | 85,120 current LCU per square kilometre | -1.7% |
| 2016 | 79,407 current LCU per square kilometre | -6.7% |
| 2017 | 90,003 current LCU per square kilometre | +13.3% |
| 2018 | 103,624 current LCU per square kilometre | +15.1% |
| 2019 | 107,973 current LCU per square kilometre | +4.2% |
| 2020 | 108,151 current LCU per square kilometre | +0.2% |
| 2021 | 118,951 current LCU per square kilometre | +10.0% |
| 2022 | 135,053 current LCU per square kilometre | +13.5% |
| 2023 | 152,730 current LCU per square kilometre | +13.1% |
Latvia compared with similar countries
- Latvia's 152,730 current LCU per square kilometre is below the median for high income countries, which is 2.07 million current LCU per square kilometre, 7% of the median. (64 countries reporting)
- Latvia's 152,730 current LCU per square kilometre is below the median for Europe & Central Asia, which is 1.81 million current LCU per square kilometre, 8% of the median. (50 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 16,418 current LCU per square kilometre | 8,967 current LCU per square kilometre | 22,617 current LCU per square kilometre | 5 |
| 2000s | 66,356 current LCU per square kilometre | 27,123 current LCU per square kilometre | 131,743 current LCU per square kilometre | 10 |
| 2010s | 86,089 current LCU per square kilometre | 55,584 current LCU per square kilometre | 107,973 current LCU per square kilometre | 10 |
| 2020s | 128,721 current LCU per square kilometre | 108,151 current LCU per square kilometre | 152,730 current LCU per square kilometre | 4 |
Countries ranked near Latvia
- 150 Zambia 198,232 current LCU per square kilometre compare
- 151 Peru 165,486 current LCU per square kilometre compare
- 152 Bulgaria 163,072 current LCU per square kilometre compare
- 154 Tunisia 151,670 current LCU per square kilometre compare
- 155 Venezuela 141,215 current LCU per square kilometre compare
- 156 Kiribati 133,740 current LCU 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 (current lcu), per square kilometre in Latvia?
- Gross fixed capital formation (current lcu), per square kilometre in Latvia was 152,730 current LCU per square kilometre in 2023, according to Statizoid (derived).
- What is the highest gross fixed capital formation (current lcu), per square kilometre recorded in Latvia?
- The highest recorded value was 152,730 current LCU per square kilometre in 2023.
- What is the lowest gross fixed capital formation (current lcu), per square kilometre recorded in Latvia?
- The lowest recorded value was 8,967 current LCU per square kilometre in 1995.
- How does Latvia rank for gross fixed capital formation (current lcu), per square kilometre?
- Latvia ranks 153rd out of 177 countries with data for 2023.
- Is gross fixed capital formation (current lcu), per square kilometre rising or falling in Latvia?
- Over the last ten years it is up 73.4%. 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 (current LCU), per square kilometre. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 29 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
Gross fixed capital formation (current LCU) 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 (current LCU) ÷ 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 (current LCU) 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.