Gross fixed capital formation, Private sector … Private Percent in Latvia
Latvia: Gross fixed capital formation, Private sector … Private Percent was 17.15 in 2019. ▲ Rising
Gross fixed capital formation, Private sector, Constant prices in Latvia, 1990–2019
Source: International Monetary Fund.
Analysis
In 2019, gross fixed capital formation, private sector, constant prices in Latvia stood at 17.15.
Compared with earlier readings it is up 3.8% on the previous year and down 2.2% over ten years.
Over the whole period, gross fixed capital formation, private sector, constant prices in Latvia peaked at 26.72 in 2007 and was at its lowest, 5.46, in 1990.
That places Latvia 67th out of 173 countries with data for 2019, putting it in the middle of the range.
The long-run direction has been consistently rising across the 30 years of available data.
Gross fixed capital formation, Private sector … Private Percent in Latvia, year by year
| Year | Value | Change |
|---|---|---|
| 1990 | 5.46 | — |
| 1991 | 6.34 | +16.1% |
| 1992 | 10.13 | +59.7% |
| 1993 | 12.37 | +22.2% |
| 1994 | 12.79 | +3.3% |
| 1995 | 9.09 | -28.9% |
| 1996 | 11.94 | +31.3% |
| 1997 | 12.22 | +2.4% |
| 1998 | 16.85 | +37.9% |
| 1999 | 16.93 | +0.5% |
| 2000 | 19.71 | +16.4% |
| 2001 | 22.5 | +14.2% |
| 2002 | 20 | -11.1% |
| 2003 | 19.29 | -3.5% |
| 2004 | 22.53 | +16.8% |
| 2005 | 25 | +11.0% |
| 2006 | 24.59 | -1.6% |
| 2007 | 26.72 | +8.6% |
| 2008 | 24.75 | -7.4% |
| 2009 | 17.54 | -29.1% |
| 2010 | 14.23 | -18.9% |
| 2011 | 16.95 | +19.1% |
| 2012 | 19.63 | +15.8% |
| 2013 | 18.18 | -7.4% |
| 2014 | 18.04 | -0.7% |
| 2015 | 16.63 | -7.9% |
| 2016 | 15.59 | -6.2% |
| 2017 | 16 | +2.6% |
| 2018 | 16.53 | +3.3% |
| 2019 | 17.15 | +3.8% |
Latvia compared with similar countries
- Latvia's 17.15 is below the median for high income countries, which is 18.58, 92% of the median. (58 countries reporting)
- Latvia's 17.15 is above the median for Europe & Central Asia, which is 16.1, 1.1× the median. (46 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 11.41 | 5.46 | 16.93 | 10 |
| 2000s | 22.26 | 17.54 | 26.72 | 10 |
| 2010s | 16.89 | 14.23 | 19.63 | 10 |
Countries ranked near Latvia
More economy & growth data for Latvia
- 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)
- IMF holdings of currency, SDR, annual growth rate -7.43 % change on previous year (2025)
Frequently asked questions
- What is gross fixed capital formation, private sector, constant prices in Latvia?
- Gross fixed capital formation, private sector, constant prices in Latvia was 17.15 in 2019, according to International Monetary Fund.
- What is the highest gross fixed capital formation, private sector, constant prices recorded in Latvia?
- The highest recorded value was 26.72 in 2007.
- What is the lowest gross fixed capital formation, private sector, constant prices recorded in Latvia?
- The lowest recorded value was 5.46 in 1990.
- How does Latvia rank for gross fixed capital formation, private sector, constant prices?
- Latvia ranks 67th out of 173 countries with data for 2019.
- Is gross fixed capital formation, private sector, constant prices rising or falling in Latvia?
- Over the last ten years it is down 2.2%. The long-run trend across the full record is rising.
- Where does this Latvia data come from?
- The figures come from International Monetary Fund, published as part of Gross fixed capital formation, Private sector, Constant prices, Percent of GDP. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 30 observations, free to reuse under IMF Terms and Conditions (attribution required).
About this data
This dataset provides comprehensive data for investment and capital stock for the general government, private sector and public-private partnerships, across the Fund member countries.