Gross fixed capital formation (current US$), annual growth rate in Latvia
Latvia: Gross fixed capital formation (current US$), annual growth rate was 16.57 % change on previous year in 2025. ◆ Volatile
Gross fixed capital formation (current US$), annual growth rate in Latvia, 1996–2025
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Latvia recorded 16.57 % change on previous year for gross fixed capital formation (current us$), annual growth rate in 2025.
Compared with earlier readings it is up 448.5% on the previous year and up 192.6% over ten years.
Over the whole period, gross fixed capital formation (current us$), annual growth rate in Latvia peaked at 55.35 % change on previous year in 2007 and was at its lowest, -48.39 % change on previous year, in 2009.
That places Latvia 40th out of 179 countries with data for 2025, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross fixed capital formation (current US$), annual growth rate in Latvia, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1996 | 32.17 % change on previous year | — |
| 1997 | 6.05 % change on previous year | -81.2% |
| 1998 | 50.34 % change on previous year | +732.4% |
| 1999 | 0.0262 % change on previous year | -99.9% |
| 2000 | 16.6 % change on previous year | +63146.8% |
| 2001 | 13.79 % change on previous year | -16.9% |
| 2002 | 0.998 % change on previous year | -92.8% |
| 2003 | 26.95 % change on previous year | +2600.6% |
| 2004 | 42.65 % change on previous year | +58.3% |
| 2005 | 28.31 % change on previous year | -33.6% |
| 2006 | 38.19 % change on previous year | +34.9% |
| 2007 | 55.35 % change on previous year | +44.9% |
| 2008 | 1.73 % change on previous year | -96.9% |
| 2009 | -48.39 % change on previous year | -2895.3% |
| 2010 | -22.19 % change on previous year | -54.1% |
| 2011 | 37.64 % change on previous year | -269.6% |
| 2012 | 16.17 % change on previous year | -57.0% |
| 2013 | -0.6376 % change on previous year | -103.9% |
| 2014 | -1.63 % change on previous year | +156.4% |
| 2015 | -17.91 % change on previous year | +995.3% |
| 2016 | -6.93 % change on previous year | -61.3% |
| 2017 | 15.68 % change on previous year | -326.2% |
| 2018 | 20.36 % change on previous year | +29.9% |
| 2019 | -1.23 % change on previous year | -106.0% |
| 2020 | 2.2 % change on previous year | -279.5% |
| 2021 | 13.89 % change on previous year | +530.4% |
| 2022 | 1.09 % change on previous year | -92.2% |
| 2023 | 16.12 % change on previous year | +1382.9% |
| 2024 | -4.76 % change on previous year | -129.5% |
| 2025 | 16.57 % change on previous year | -448.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 22.15 % change on previous year | 0.0262 % change on previous year | 50.34 % change on previous year | 4 |
| 2000s | 17.62 % change on previous year | -48.39 % change on previous year | 55.35 % change on previous year | 10 |
| 2010s | 3.93 % change on previous year | -22.19 % change on previous year | 37.64 % change on previous year | 10 |
| 2020s | 7.52 % change on previous year | -4.76 % change on previous year | 16.57 % change on previous year | 6 |
Countries ranked near Latvia
- 37 Uzbekistan 16.76 % change on previous year compare
- 38 Tanzania, United Republic of 16.74 % change on previous year compare
- 39 Mali 16.6 % change on previous year compare
- 41 Côte d'Ivoire 16.41 % change on previous year compare
- 42 Palestine, State of 16.35 % change on previous year compare
- 43 Israel 16.23 % 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$), per unit of GDP 0.2347 current US$ 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)
- Gross fixed capital formation (current LCU), per capita 5,465 current LCU per person (2025)
Frequently asked questions
- What is gross fixed capital formation (current us$), annual growth rate in Latvia?
- Gross fixed capital formation (current us$), annual growth rate in Latvia was 16.57 % change on previous year in 2025, according to Statizoid (derived).
- What is the highest gross fixed capital formation (current us$), annual growth rate recorded in Latvia?
- The highest recorded value was 55.35 % change on previous year in 2007.
- What is the lowest gross fixed capital formation (current us$), annual growth rate recorded in Latvia?
- The lowest recorded value was -48.39 % change on previous year in 2009.
- How does Latvia rank for gross fixed capital formation (current us$), annual growth rate?
- Latvia ranks 40th out of 179 countries with data for 2025.
- Is gross fixed capital formation (current us$), annual growth rate rising or falling in Latvia?
- Over the last ten years it is up 192.6%. 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 US$), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
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How this figure is calculated
The year-on-year percentage change in Gross fixed capital formation (current US$). 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 Offices (NSOs)
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 (current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.