Gross fixed capital formation (current US$) in Latvia
Latvia: Gross fixed capital formation (current US$) was 11.41 billion current US$ in 2025. ◆ Volatile
Gross fixed capital formation in Latvia, 1995–2025
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current US$.
Analysis
Latvia recorded 11.41 billion current US$ for gross fixed capital formation in 2025. That is the highest value across all 31 years on record.
Compared with earlier readings it is up 16.6% on the previous year and up 94.2% over ten years.
Over the whole period, gross fixed capital formation in Latvia peaked at 11.41 billion current US$ in 2025 and was at its lowest, 795.76 million current US$, in 1995.
Latvia ranks 85th of 181 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross fixed capital formation (current US$) in Latvia, year by year
| Year | current US$ | Change |
|---|---|---|
| 1995 | 795.76 million current US$ | — |
| 1996 | 1.05 billion current US$ | +32.2% |
| 1997 | 1.12 billion current US$ | +6.0% |
| 1998 | 1.68 billion current US$ | +50.3% |
| 1999 | 1.68 billion current US$ | +0.0% |
| 2000 | 1.96 billion current US$ | +16.6% |
| 2001 | 2.23 billion current US$ | +13.8% |
| 2002 | 2.25 billion current US$ | +1.0% |
| 2003 | 2.85 billion current US$ | +27.0% |
| 2004 | 4.07 billion current US$ | +42.7% |
| 2005 | 5.22 billion current US$ | +28.3% |
| 2006 | 7.22 billion current US$ | +38.2% |
| 2007 | 11.21 billion current US$ | +55.4% |
| 2008 | 11.41 billion current US$ | +1.7% |
| 2009 | 5.89 billion current US$ | -48.4% |
| 2010 | 4.58 billion current US$ | -22.2% |
| 2011 | 6.31 billion current US$ | +37.6% |
| 2012 | 7.32 billion current US$ | +16.2% |
| 2013 | 7.28 billion current US$ | -0.6% |
| 2014 | 7.16 billion current US$ | -1.6% |
| 2015 | 5.88 billion current US$ | -17.9% |
| 2016 | 5.47 billion current US$ | -6.9% |
| 2017 | 6.33 billion current US$ | +15.7% |
| 2018 | 7.62 billion current US$ | +20.4% |
| 2019 | 7.52 billion current US$ | -1.2% |
| 2020 | 7.69 billion current US$ | +2.2% |
| 2021 | 8.76 billion current US$ | +13.9% |
| 2022 | 8.85 billion current US$ | +1.1% |
| 2023 | 10.28 billion current US$ | +16.1% |
| 2024 | 9.79 billion current US$ | -4.8% |
| 2025 | 11.41 billion current US$ | +16.6% |
Latvia compared with similar countries
- Latvia's 11.41 billion current US$ is below the median for high income countries, which is 50.73 billion current US$, 22% of the median. (64 countries reporting)
- Latvia's 11.41 billion current US$ is below the median for Europe & Central Asia, which is 31.73 billion current US$, 36% of the median. (51 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1.26 billion current US$ | 795.76 million current US$ | 1.68 billion current US$ | 5 |
| 2000s | 5.43 billion current US$ | 1.96 billion current US$ | 11.41 billion current US$ | 10 |
| 2010s | 6.55 billion current US$ | 4.58 billion current US$ | 7.62 billion current US$ | 10 |
| 2020s | 9.46 billion current US$ | 7.69 billion current US$ | 11.41 billion current US$ | 6 |
Countries ranked near Latvia
More economy & growth data for Latvia
- Real gdp growth, annual growth rate 96.07 % change on previous year (2024)
- 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)
Frequently asked questions
- What is gross fixed capital formation in Latvia?
- Gross fixed capital formation in Latvia was 11.41 billion current US$ in 2025, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross fixed capital formation recorded in Latvia?
- The highest recorded value was 11.41 billion current US$ in 2025.
- What is the lowest gross fixed capital formation recorded in Latvia?
- The lowest recorded value was 795.76 million current US$ in 1995.
- How does Latvia rank for gross fixed capital formation?
- Latvia ranks 85th out of 181 countries with data for 2025.
- Is gross fixed capital formation rising or falling in Latvia?
- Over the last ten years it is up 94.2%. The long-run trend across the full record is volatile.
- Where does this Latvia data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Gross fixed capital formation (current US$). Statizoid updates them automatically from the source API.
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About this data
Gross fixed capital formation includes acquisitions less disposals of fixed assets during the accounting period, including certain specified expenditures on services that add to the value of non-produced assets. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.