Gross fixed capital formation (current US$), annual growth rate (US) in Latvia
Latvia: Gross fixed capital formation (current US$), annual growth rate (US) 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 (US) 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% |
Latvia compared with similar countries
- Latvia's 16.57 % change on previous year is above the median for high income countries, which is 6.83 % change on previous year, 2.4× the median. (64 countries reporting)
- Latvia's 16.57 % change on previous year is above the median for Europe & Central Asia, which is 10.36 % change on previous year, 1.6× the median. (51 countries reporting)
Biggest year-on-year movements
Years where Gross fixed capital formation (current US$), annual growth rate (US) in Latvia changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2000 | +63146.8% | 0.0262 % change on previous year | 16.6 % change on previous year |
| 2009 | -2895.3% | 1.73 % change on previous year | -48.39 % change on previous year |
| 2003 | +2600.6% | 0.998 % change on previous year | 26.95 % change on previous year |
| 2023 | +1382.9% | 1.09 % change on previous year | 16.12 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 22.15 % change on previous year | 0.0262 % change on previous year | 50.34 % change on previous year | 4 |
| 2000s | 17.62 % change on previous year | -48.39 % change on previous year | 55.35 % change on previous year | 10 |
| 2010s | 3.93 % change on previous year | -22.19 % change on previous year | 37.64 % change on previous year | 10 |
| 2020s | 7.52 % change on previous year | -4.76 % change on previous year | 16.57 % change on previous year | 6 |
Countries ranked near Latvia
- 37 Uzbekistan 16.76 % change on previous year compare
- 38 Tanzania 16.74 % change on previous year compare
- 39 Mali 16.6 % change on previous year compare
- 41 Cote d'Ivoire 16.41 % change on previous year compare
- 42 Palestine 16.35 % change on previous year compare
- 43 Israel 16.23 % change on previous year compare
More economy & growth data for Latvia
- SDRs holdings, US dollar, annual growth rate 5.34 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0125 units per US$ 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)
- IMF holdings of currency, SDR, annual growth rate -7.43 % change on previous year (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$), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 30 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Gross fixed capital formation (current US$). 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.