Gross Fixed Capital Formation Deflator — Value Standard Local in Latvia
Latvia: Gross Fixed Capital Formation Deflator — Value Standard Local 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 71st of 194 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 Formation Deflator — Value Standard Local 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% |
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
- Services, value added (constant LCU), per capita 11,613 constant LCU per person (2025)
- GDP deflator (base year varies by country), annual growth rate 3.62 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), annual growth 10.14 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), per unit of GDP 0.8694 current US$ per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current US$), per capita 22,876 current US$ per person (2025)
- Gross value added at basic prices (GVA) (current LCU), annual growth 5.5 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 0.7694 current LCU per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current LCU), per capita 20,244 current LCU per person (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), annual 1.99 % change on previous year (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), per unit 0.5567 constant 2015 US$ per US$ of GDP (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 71st out of 194 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.
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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).