Gross fixed capital formation (current US$), per square kilometre in Latvia
Latvia: Gross fixed capital formation (current US$), per square kilometre was 165,142 current US$ per square kilometre in 2023. ◆ Volatile
Gross fixed capital formation (current US$), per square kilometre in Latvia, 1995–2023
Source: Statizoid (derived). Measured in current US$ per square kilometre.
Analysis
In 2023, gross fixed capital formation (current us$), per square kilometre in Latvia stood at 165,142 current US$ per square kilometre.
That represents a change of up 16.1% on the previous year and up 41.2% over ten years.
Over the whole period, gross fixed capital formation (current us$), per square kilometre in Latvia peaked at 183,318 current US$ per square kilometre in 2008 and was at its lowest, 12,788 current US$ per square kilometre, in 1995.
Latvia ranks 75th of 177 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross fixed capital formation (current US$), per square kilometre in Latvia, year by year
| Year | current US$ per square kilometre | Change |
|---|---|---|
| 1995 | 12,788 current US$ per square kilometre | — |
| 1996 | 16,902 current US$ per square kilometre | +32.2% |
| 1997 | 17,924 current US$ per square kilometre | +6.0% |
| 1998 | 26,948 current US$ per square kilometre | +50.3% |
| 1999 | 26,955 current US$ per square kilometre | +0.0% |
| 2000 | 31,428 current US$ per square kilometre | +16.6% |
| 2001 | 35,763 current US$ per square kilometre | +13.8% |
| 2002 | 36,120 current US$ per square kilometre | +1.0% |
| 2003 | 45,855 current US$ per square kilometre | +27.0% |
| 2004 | 65,414 current US$ per square kilometre | +42.7% |
| 2005 | 83,936 current US$ per square kilometre | +28.3% |
| 2006 | 115,993 current US$ per square kilometre | +38.2% |
| 2007 | 180,198 current US$ per square kilometre | +55.4% |
| 2008 | 183,318 current US$ per square kilometre | +1.7% |
| 2009 | 94,615 current US$ per square kilometre | -48.4% |
| 2010 | 73,617 current US$ per square kilometre | -22.2% |
| 2011 | 101,323 current US$ per square kilometre | +37.6% |
| 2012 | 117,706 current US$ per square kilometre | +16.2% |
| 2013 | 116,956 current US$ per square kilometre | -0.6% |
| 2014 | 115,043 current US$ per square kilometre | -1.6% |
| 2015 | 94,442 current US$ per square kilometre | -17.9% |
| 2016 | 87,896 current US$ per square kilometre | -6.9% |
| 2017 | 101,674 current US$ per square kilometre | +15.7% |
| 2018 | 122,375 current US$ per square kilometre | +20.4% |
| 2019 | 120,873 current US$ per square kilometre | -1.2% |
| 2020 | 123,530 current US$ per square kilometre | +2.2% |
| 2021 | 140,688 current US$ per square kilometre | +13.9% |
| 2022 | 142,218 current US$ per square kilometre | +1.1% |
| 2023 | 165,142 current US$ per square kilometre | +16.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 20,303 current US$ per square kilometre | 12,788 current US$ per square kilometre | 26,955 current US$ per square kilometre | 5 |
| 2000s | 87,264 current US$ per square kilometre | 31,428 current US$ per square kilometre | 183,318 current US$ per square kilometre | 10 |
| 2010s | 105,190 current US$ per square kilometre | 73,617 current US$ per square kilometre | 122,375 current US$ per square kilometre | 10 |
| 2020s | 142,894 current US$ per square kilometre | 123,530 current US$ per square kilometre | 165,142 current US$ per square kilometre | 4 |
Countries ranked near Latvia
- 72 Rwanda 204,177 current US$ per square kilometre compare
- 73 Armenia 176,456 current US$ per square kilometre compare
- 74 Bulgaria 176,320 current US$ per square kilometre compare
- 76 Guatemala 159,111 current US$ per square kilometre compare
- 77 Saudi Arabia 158,060 current US$ per square kilometre compare
- 78 North Macedonia 155,045 current US$ per square kilometre compare
More economy & growth data for Latvia
- Households and NPISHs Final consumption expenditure (current LCU) 4.4 % change on previous year (2025)
- Households and NPISHs Final consumption expenditure (current LCU) 0.5099 current LCU per US$ of GDP (2025)
- Households and NPISHs Final consumption expenditure (current LCU) 13,417 current LCU per person (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 0.7513 % change on previous year (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 0.3809 constant 2015 US$ per US$ of GDP (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 10,022 constant 2015 US$ per person (2025)
- Final consumption expenditure (current US$), annual growth rate 11.05 % change on previous year (2025)
- Final consumption expenditure (current US$), per unit of GDP 0.8052 current US$ per US$ of GDP (2025)
- Final consumption expenditure (current US$), per capita 21,187 current US$ per person (2025)
- Final consumption expenditure (current LCU), annual growth rate 6.37 % change on previous year (2025)
Frequently asked questions
- What is gross fixed capital formation (current us$), per square kilometre in Latvia?
- Gross fixed capital formation (current us$), per square kilometre in Latvia was 165,142 current US$ per square kilometre in 2023, according to Statizoid (derived).
- What is the highest gross fixed capital formation (current us$), per square kilometre recorded in Latvia?
- The highest recorded value was 183,318 current US$ per square kilometre in 2008.
- What is the lowest gross fixed capital formation (current us$), per square kilometre recorded in Latvia?
- The lowest recorded value was 12,788 current US$ per square kilometre in 1995.
- How does Latvia rank for gross fixed capital formation (current us$), per square kilometre?
- Latvia ranks 75th out of 177 countries with data for 2023.
- Is gross fixed capital formation (current us$), per square kilometre rising or falling in Latvia?
- Over the last ten years it is up 41.2%. 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$), per square kilometre. Statizoid updates them automatically from the source API.
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How this figure is calculated
Gross fixed capital formation (current US$) 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 (current US$) ÷ Land area (sq. km)
Computed from
- Gross fixed capital formation Country official statistics, National Statistical Offices (NSOs)
- Land area FAOSTAT, Food and Agriculture Organization of the United Nations (FAO)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Gross fixed capital formation (current US$) 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.