Gross fixed capital formation in Latvia
Latvia: Gross fixed capital formation was 23.5% in 2025. ▬ Flat
Gross fixed capital formation in Latvia, 1995–2025
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in % of GDP.
Analysis
The most recent figure for gross fixed capital formation in Latvia is 23.5%, measured 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 in Latvia peaked at 38.1% in 2007 and was at its lowest, 14.2%, in 1995.
That places Latvia 75th out of 180 countries with data for 2025, putting it in the middle of the range.
Gross fixed capital formation in Latvia, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1995 | 14.2% | — |
| 1996 | 18.1% | +27.8% |
| 1997 | 17.6% | -3.1% |
| 1998 | 24.0% | +36.9% |
| 1999 | 22.9% | -4.8% |
| 2000 | 25.2% | +10.0% |
| 2001 | 27.2% | +7.8% |
| 2002 | 24.3% | -10.6% |
| 2003 | 25.4% | +4.4% |
| 2004 | 29.4% | +16.0% |
| 2005 | 32.0% | +8.8% |
| 2006 | 35.3% | +10.3% |
| 2007 | 38.1% | +7.9% |
| 2008 | 33.4% | -12.3% |
| 2009 | 22.9% | -31.4% |
| 2010 | 19.5% | -14.8% |
| 2011 | 23.7% | +21.5% |
| 2012 | 27.0% | +13.9% |
| 2013 | 25.0% | -7.6% |
| 2014 | 23.6% | -5.3% |
| 2015 | 22.3% | -5.7% |
| 2016 | 20.2% | -9.6% |
| 2017 | 21.5% | +6.7% |
| 2018 | 22.9% | +6.4% |
| 2019 | 22.7% | -0.8% |
| 2020 | 23.0% | +1.3% |
| 2021 | 22.9% | -0.4% |
| 2022 | 23.3% | +1.6% |
| 2023 | 24.0% | +3.2% |
| 2024 | 22.2% | -7.4% |
| 2025 | 23.5% | +5.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 19.4% | 14.2% | 24.0% | 5 |
| 2000s | 29.3% | 22.9% | 38.1% | 10 |
| 2010s | 22.8% | 19.5% | 27.0% | 10 |
| 2020s | 23.2% | 22.2% | 24.0% | 6 |
Countries ranked near Latvia
More economy & growth data for Latvia
- Manufacturing, value added (constant LCU), per capita 1,898 constant LCU per person (2025)
- Industry (including construction), value added (current US$), annual 11.34 % change on previous year (2025)
- Industry (including construction), value added (current US$), per 0.1868 current US$ per US$ of GDP (2025)
- Industry (including construction), value added (current US$), per 4,916 current US$ per person (2025)
- Industry (including construction), value added (current LCU), annual 6.65 % change on previous year (2025)
- Industry (including construction), value added (current LCU), per 0.1654 current LCU per US$ of GDP (2025)
- Industry (including construction), value added (current LCU), per 4,351 current LCU per person (2025)
- Industry (including construction), value added (constant 2015 US$) 4.38 % change on previous year (2025)
- Industry (including construction), value added (constant 2015 US$) 0.1132 constant 2015 US$ per US$ of GDP (2025)
- Industry (including construction), value added (constant 2015 US$) 2,979 constant 2015 US$ per person (2025)
Frequently asked questions
- What is gross fixed capital formation in Latvia?
- Gross fixed capital formation in Latvia was 23.5% in 2025, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross fixed capital formation recorded in Latvia?
- The highest recorded value was 38.1% in 2007.
- What is the lowest gross fixed capital formation recorded in Latvia?
- The lowest recorded value was 14.2% in 1995.
- How does Latvia rank for gross fixed capital formation?
- Latvia ranks 75th out of 180 countries with data for 2025.
- Is gross fixed capital formation 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 Country official statistics, National Statistical Organizations and/or Central Banks, published as part of Gross fixed capital formation (% of GDP). 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 as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.