Gross fixed capital formation (current US$), per unit of GDP (US unit) in Latvia
Latvia: Gross fixed capital formation (current US$), per unit of GDP (US unit) was 0.2347 current US$ per US$ of GDP in 2025. ▬ Flat
Gross fixed capital formation (current US$), per unit of GDP in Latvia, 1995–2025
Source: Statizoid (derived). Measured in current US$ per US$ of GDP.
Analysis
Latvia recorded 0.2347 current US$ per US$ of GDP for gross fixed capital formation (current us$), per unit of gdp in 2025.
Compared with earlier readings it is up 5.5% on the previous year and up 5.2% over ten years.
Over the whole period, gross fixed capital formation (current us$), per unit of gdp in Latvia peaked at 0.3811 current US$ per US$ of GDP in 2007 and was at its lowest, 0.1419 current US$ per US$ of GDP, in 1995.
Latvia ranks 76th of 181 countries on this measure, in the middle of the range.
Gross fixed capital formation (current US$), per unit of GDP (US unit) in Latvia, year by year
| Year | current US$ per US$ of GDP | Change |
|---|---|---|
| 1995 | 0.1419 current US$ per US$ of GDP | — |
| 1996 | 0.1814 current US$ per US$ of GDP | +27.8% |
| 1997 | 0.1757 current US$ per US$ of GDP | -3.1% |
| 1998 | 0.2404 current US$ per US$ of GDP | +36.9% |
| 1999 | 0.229 current US$ per US$ of GDP | -4.8% |
| 2000 | 0.252 current US$ per US$ of GDP | +10.0% |
| 2001 | 0.2717 current US$ per US$ of GDP | +7.8% |
| 2002 | 0.243 current US$ per US$ of GDP | -10.6% |
| 2003 | 0.2538 current US$ per US$ of GDP | +4.4% |
| 2004 | 0.2944 current US$ per US$ of GDP | +16.0% |
| 2005 | 0.3203 current US$ per US$ of GDP | +8.8% |
| 2006 | 0.3532 current US$ per US$ of GDP | +10.3% |
| 2007 | 0.3811 current US$ per US$ of GDP | +7.9% |
| 2008 | 0.3342 current US$ per US$ of GDP | -12.3% |
| 2009 | 0.2292 current US$ per US$ of GDP | -31.4% |
| 2010 | 0.1952 current US$ per US$ of GDP | -14.8% |
| 2011 | 0.2372 current US$ per US$ of GDP | +21.5% |
| 2012 | 0.2701 current US$ per US$ of GDP | +13.9% |
| 2013 | 0.2496 current US$ per US$ of GDP | -7.6% |
| 2014 | 0.2364 current US$ per US$ of GDP | -5.3% |
| 2015 | 0.2231 current US$ per US$ of GDP | -5.7% |
| 2016 | 0.2017 current US$ per US$ of GDP | -9.6% |
| 2017 | 0.2153 current US$ per US$ of GDP | +6.7% |
| 2018 | 0.229 current US$ per US$ of GDP | +6.4% |
| 2019 | 0.2272 current US$ per US$ of GDP | -0.8% |
| 2020 | 0.2303 current US$ per US$ of GDP | +1.3% |
| 2021 | 0.2293 current US$ per US$ of GDP | -0.4% |
| 2022 | 0.2329 current US$ per US$ of GDP | +1.6% |
| 2023 | 0.2402 current US$ per US$ of GDP | +3.2% |
| 2024 | 0.2224 current US$ per US$ of GDP | -7.4% |
| 2025 | 0.2347 current US$ per US$ of GDP | +5.5% |
Latvia compared with similar countries
- Latvia's 0.2347 current US$ per US$ of GDP is above the median for high income countries, which is 0.2218 current US$ per US$ of GDP, 1.1× the median. (64 countries reporting)
- Latvia's 0.2347 current US$ per US$ of GDP is above the median for Europe & Central Asia, which is 0.2233 current US$ per US$ of GDP, 1.1× the median. (51 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.1937 current US$ per US$ of GDP | 0.1419 current US$ per US$ of GDP | 0.2404 current US$ per US$ of GDP | 5 |
| 2000s | 0.2933 current US$ per US$ of GDP | 0.2292 current US$ per US$ of GDP | 0.3811 current US$ per US$ of GDP | 10 |
| 2010s | 0.2285 current US$ per US$ of GDP | 0.1952 current US$ per US$ of GDP | 0.2701 current US$ per US$ of GDP | 10 |
| 2020s | 0.2316 current US$ per US$ of GDP | 0.2224 current US$ per US$ of GDP | 0.2402 current US$ per US$ of GDP | 6 |
Countries ranked near Latvia
- 73 Nepal 0.2357 current US$ per US$ of GDP compare
- 74 Austria 0.2353 current US$ per US$ of GDP compare
- 75 North Macedonia 0.2349 current US$ per US$ of GDP compare
- 77 Norway 0.2338 current US$ per US$ of GDP compare
- 78 New Zealand 0.2337 current US$ per US$ of GDP compare
- 79 Honduras 0.2333 current US$ per US$ of GDP 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$), per unit of gdp in Latvia?
- Gross fixed capital formation (current us$), per unit of gdp in Latvia was 0.2347 current US$ per US$ of GDP in 2025, according to Statizoid (derived).
- What is the highest gross fixed capital formation (current us$), per unit of gdp recorded in Latvia?
- The highest recorded value was 0.3811 current US$ per US$ of GDP in 2007.
- What is the lowest gross fixed capital formation (current us$), per unit of gdp recorded in Latvia?
- The lowest recorded value was 0.1419 current US$ per US$ of GDP in 1995.
- How does Latvia rank for gross fixed capital formation (current us$), per unit of gdp?
- Latvia ranks 76th out of 181 countries with data for 2025.
- Is gross fixed capital formation (current us$), per unit of gdp rising or falling in Latvia?
- Over the last ten years it is up 5.2%. The long-run trend across the full record is flat.
- Where does this Latvia data come from?
- The figures come from Statizoid (derived), published as part of Gross fixed capital formation (current US$), per unit of GDP. Statizoid updates them automatically from the source API.
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How this figure is calculated
Gross fixed capital formation (current US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Gross fixed capital formation (current US$) ÷ GDP (current US$)
Computed from
- Gross fixed capital formation Country official statistics, National Statistical Offices (NSOs)
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Gross fixed capital formation (current US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.