Gross fixed capital formation in Latvia
Latvia: Gross fixed capital formation 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$, in 1995.
Latvia ranks 85th of 179 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1.26 billion current US$ | 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
- External balance on goods and services as a percent of GDP -4.6% (2025)
- Inflation of consumer prices 3.7% (2025)
- GDP per capita 16,892 constant 2015 US$ (2025)
- Share of manufacturing in gross domestic product (GDP) 10.0% (2025)
- Gross domestic product (GDP) 31.21 billion constant 2015 US$ (2025)
- GDP per capita in international and market dollars 16,892 constant 2015 US$ (2025)
- DEC alternative conversion factor 0.885 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) 849.88 million current LCU (2024)
- Net secondary income (Net current transfers from abroad) 919.89 million current US$ (2024)
- Taxes less subsidies on products 5.62 billion current LCU (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 179 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.