Gross fixed capital formation, Private sector, Constant prices in Latvia
Latvia: Gross fixed capital formation, Private sector, Constant prices 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, Constant prices 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% |
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
- Final consumption expenditure (constant 2015 US$), per capita 13,539 constant 2015 US$ per person (2025)
- Gross national expenditure (current US$), annual growth rate 13.75 % change on previous year (2025)
- Gross national expenditure (current US$), per unit of GDP 1.05 current US$ per US$ of GDP (2025)
- Gross national expenditure (current US$), per capita 27,517 current US$ per person (2025)
- Gross national expenditure (current LCU), annual growth rate 8.96 % change on previous year (2025)
- Gross national expenditure (current LCU), per unit of GDP 0.9255 current LCU per US$ of GDP (2025)
- Gross national expenditure (current LCU), per capita 24,351 current LCU per person (2025)
- Gross national expenditure (constant 2015 US$), annual growth rate 6.59 % change on previous year (2025)
- Gross national expenditure (constant 2015 US$), per unit of GDP 0.7243 constant 2015 US$ per US$ of GDP (2025)
- Gross national expenditure (constant 2015 US$), per capita 19,058 constant 2015 US$ per person (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.
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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.