Gross Fixed Capital … Deflator Standard Local Currency in Latvia
Latvia: Gross Fixed Capital … Deflator Standard Local Currency was 142.45 SLC in 2024. ▲ Rising
Gross Fixed Capital Formation Deflator — Value Standard Local in Latvia, 1990–2024
Source: Food and Agriculture Organization of the United Nations. Measured in SLC.
Analysis
In 2024, gross fixed capital formation deflator — value standard local in Latvia stood at 142.45 SLC. That is the highest value across all 35 years on record.
The figure is up 2.5% on the previous year and up 44.4% over ten years.
Over the whole period, gross fixed capital formation deflator — value standard local in Latvia peaked at 142.45 SLC in 2024 and was at its lowest, 0.4256 SLC, in 1990.
Latvia ranks 78th of 208 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 35 years of available data.
Gross Fixed Capital … Deflator Standard Local Currency in Latvia, year by year
| Year | SLC | Change |
|---|---|---|
| 1990 | 0.4256 SLC | — |
| 1991 | 0.7211 SLC | +69.4% |
| 1992 | 12.91 SLC | +1691.0% |
| 1993 | 27.56 SLC | +113.4% |
| 1994 | 41.18 SLC | +49.4% |
| 1995 | 42.88 SLC | +4.1% |
| 1996 | 47.49 SLC | +10.7% |
| 1997 | 52.1 SLC | +9.7% |
| 1998 | 54.45 SLC | +4.5% |
| 1999 | 53.43 SLC | -1.9% |
| 2000 | 53.54 SLC | +0.2% |
| 2001 | 53.38 SLC | -0.3% |
| 2002 | 54.41 SLC | +1.9% |
| 2003 | 55.85 SLC | +2.7% |
| 2004 | 59.18 SLC | +6.0% |
| 2005 | 65.37 SLC | +10.4% |
| 2006 | 76.98 SLC | +17.8% |
| 2007 | 89.52 SLC | +16.3% |
| 2008 | 96.55 SLC | +7.8% |
| 2009 | 87.4 SLC | -9.5% |
| 2010 | 87.18 SLC | -0.3% |
| 2011 | 90.38 SLC | +3.7% |
| 2012 | 94.71 SLC | +4.8% |
| 2013 | 96.68 SLC | +2.1% |
| 2014 | 98.64 SLC | +2.0% |
| 2015 | 100 SLC | +1.4% |
| 2016 | 99.52 SLC | -0.5% |
| 2017 | 101.71 SLC | +2.2% |
| 2018 | 104.96 SLC | +3.2% |
| 2019 | 107.91 SLC | +2.8% |
| 2020 | 110.85 SLC | +2.7% |
| 2021 | 114.13 SLC | +3.0% |
| 2022 | 130.74 SLC | +14.6% |
| 2023 | 139.02 SLC | +6.3% |
| 2024 | 142.45 SLC | +2.5% |
Latvia compared with similar countries
- Latvia's 142.45 SLC is above the median for high income countries, which is 126.84 SLC, 1.1× the median. (68 countries reporting)
- Latvia's 142.45 SLC is above the median for Europe & Central Asia, which is 134.82 SLC, 1.1× the median. (48 countries reporting)
Biggest year-on-year movements
Years where Gross Fixed Capital … Deflator Standard Local Currency 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 |
|---|---|---|---|
| 1992 | +1691.0% | 0.7211 SLC | 12.91 SLC |
| 1993 | +113.4% | 12.91 SLC | 27.56 SLC |
| 1991 | +69.4% | 0.4256 SLC | 0.7211 SLC |
| 1994 | +49.4% | 27.56 SLC | 41.18 SLC |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 33.31 SLC | 0.4256 SLC | 54.45 SLC | 10 |
| 2000s | 69.22 SLC | 53.38 SLC | 96.55 SLC | 10 |
| 2010s | 98.17 SLC | 87.18 SLC | 107.91 SLC | 10 |
| 2020s | 127.44 SLC | 110.85 SLC | 142.45 SLC | 5 |
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 deflator — value standard local in Latvia?
- Gross fixed capital formation deflator — value standard local in Latvia was 142.45 SLC in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross fixed capital formation deflator — value standard local recorded in Latvia?
- The highest recorded value was 142.45 SLC in 2024.
- What is the lowest gross fixed capital formation deflator — value standard local recorded in Latvia?
- The lowest recorded value was 0.4256 SLC in 1990.
- How does Latvia rank for gross fixed capital formation deflator — value standard local?
- Latvia ranks 78th out of 208 countries with data for 2024.
- Is gross fixed capital formation deflator — value standard local rising or falling in Latvia?
- Over the last ten years it is up 44.4%. The long-run trend across the full record is rising.
- Where does this Latvia data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Gross Fixed Capital Formation Deflator — Value Standard Local Currency, 2015 prices. Statizoid updates them automatically from the source API.
Download this data
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About this data
The FAOSTAT Deflators database provides the following selection of price deflator series by country and at regional level: Gross Domestic Product deflator, Gross Fixed Capital Formation deflator, Manufacturing Value-Added deflator, and Agriculture, Forestry, Fishery Valued-Added deflator. In the FAOSTAT Deflators database, all series are derived from the United Nations Statistics Division (UNSD) National Accounts Analysis of Main Aggregates database (UNSD AMA). In particular, the implicit Gross Domestic Product deflator, the implicit Gross Fixed Capital Formation deflator, the implicit value added deflator of Agriculture, Forestry, Fishery and the implicit value added deflator of Manufacturing are obtained by dividing the series in current prices by those in constant 2015 prices (base year).