Gross fixed capital formation, Private sector, Constant prices in Latvia
Latvia: Gross fixed capital formation, Private sector, Constant prices was 5.89 % change on previous year in 2019. ◆ Volatile
Gross fixed capital formation, Private sector, Constant prices in Latvia, 1961–2019
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2019, gross fixed capital formation, private sector, constant prices in Latvia stood at 5.89 % change on previous year.
Compared with earlier readings it is down 21.1% on the previous year and up 115.0% over ten years.
Over the whole period, gross fixed capital formation, private sector, constant prices in Latvia peaked at 46.62 % change on previous year in 1998 and was at its lowest, -39.22 % change on previous year, in 2009.
That places Latvia 60th out of 173 countries with data for 2019, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross fixed capital formation, Private sector, Constant prices in Latvia, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1961 | 4 % change on previous year | — |
| 1962 | 4 % change on previous year | -0.0% |
| 1963 | 4 % change on previous year | -0.0% |
| 1964 | 4 % change on previous year | +0.0% |
| 1965 | 4 % change on previous year | -0.0% |
| 1966 | 4 % change on previous year | -0.0% |
| 1967 | 4 % change on previous year | +0.0% |
| 1968 | 4 % change on previous year | +0.0% |
| 1969 | 4 % change on previous year | -0.0% |
| 1970 | 4 % change on previous year | +0.0% |
| 1971 | 4 % change on previous year | +0.0% |
| 1972 | 4 % change on previous year | -0.0% |
| 1973 | 4 % change on previous year | -0.0% |
| 1974 | 4 % change on previous year | +0.0% |
| 1975 | 4 % change on previous year | +0.0% |
| 1976 | 4 % change on previous year | +0.0% |
| 1977 | 4 % change on previous year | -0.0% |
| 1978 | 4 % change on previous year | +0.0% |
| 1979 | 4 % change on previous year | +0.0% |
| 1980 | 4 % change on previous year | -0.0% |
| 1981 | 4 % change on previous year | +0.0% |
| 1982 | 4 % change on previous year | -0.0% |
| 1983 | 4 % change on previous year | +0.0% |
| 1984 | 4 % change on previous year | -0.0% |
| 1985 | 4 % change on previous year | +0.0% |
| 1986 | 4 % change on previous year | -0.0% |
| 1987 | 4 % change on previous year | +0.0% |
| 1988 | 4 % change on previous year | -0.0% |
| 1989 | 4 % change on previous year | -0.0% |
| 1990 | 4 % change on previous year | -0.0% |
| 1991 | 4 % change on previous year | +0.0% |
| 1992 | 4 % change on previous year | +0.0% |
| 1993 | 4 % change on previous year | -0.0% |
| 1994 | 4 % change on previous year | +0.0% |
| 1995 | -29.48 % change on previous year | -837.0% |
| 1996 | 34.71 % change on previous year | -217.7% |
| 1997 | 11.43 % change on previous year | -67.1% |
| 1998 | 46.62 % change on previous year | +307.7% |
| 1999 | 3.24 % change on previous year | -93.1% |
| 2000 | 22.99 % change on previous year | +610.2% |
| 2001 | 21.41 % change on previous year | -6.9% |
| 2002 | -4.83 % change on previous year | -122.6% |
| 2003 | 4.61 % change on previous year | -195.4% |
| 2004 | 26.71 % change on previous year | +479.9% |
| 2005 | 22.88 % change on previous year | -14.3% |
| 2006 | 10.16 % change on previous year | -55.6% |
| 2007 | 19.53 % change on previous year | +92.3% |
| 2008 | -10.46 % change on previous year | -153.6% |
| 2009 | -39.22 % change on previous year | +274.8% |
| 2010 | -22.46 % change on previous year | -42.7% |
| 2011 | 26.8 % change on previous year | -219.3% |
| 2012 | 20.76 % change on previous year | -22.5% |
| 2013 | -5.26 % change on previous year | -125.3% |
| 2014 | 0.3191 % change on previous year | -106.1% |
| 2015 | -4.16 % change on previous year | -1403.5% |
| 2016 | -4.01 % change on previous year | -3.5% |
| 2017 | 5.98 % change on previous year | -248.9% |
| 2018 | 7.46 % change on previous year | +24.8% |
| 2019 | 5.89 % change on previous year | -21.1% |
Latvia compared with similar countries
- Latvia's 5.89 % change on previous year is above the median for high income countries, which is 2.69 % change on previous year, 2.2× the median. (58 countries reporting)
- Latvia's 5.89 % change on previous year is above the median for Europe & Central Asia, which is 5.1 % change on previous year, 1.2× the median. (46 countries reporting)
Biggest year-on-year movements
Years where Gross fixed capital formation, Private sector, Constant prices 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 |
|---|---|---|---|
| 2015 | -1403.5% | 0.3191 % change on previous year | -4.16 % change on previous year |
| 1995 | -837.0% | 4 % change on previous year | -29.48 % change on previous year |
| 2000 | +610.2% | 3.24 % change on previous year | 22.99 % change on previous year |
| 2004 | +479.9% | 4.61 % change on previous year | 26.71 % change on previous year |
| 1998 | +307.7% | 11.43 % change on previous year | 46.62 % change on previous year |
| 2009 | -274.8% | -10.46 % change on previous year | -39.22 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 4 % change on previous year | 4 % change on previous year | 4 % change on previous year | 9 |
| 1970s | 4 % change on previous year | 4 % change on previous year | 4 % change on previous year | 10 |
| 1980s | 4 % change on previous year | 4 % change on previous year | 4 % change on previous year | 10 |
| 1990s | 8.65 % change on previous year | -29.48 % change on previous year | 46.62 % change on previous year | 10 |
| 2000s | 7.38 % change on previous year | -39.22 % change on previous year | 26.71 % change on previous year | 10 |
| 2010s | 3.13 % change on previous year | -22.46 % change on previous year | 26.8 % change on previous year | 10 |
Countries ranked near Latvia
- 57 Guatemala 6.25 % change on previous year compare
- 58 Burundi 6.21 % change on previous year compare
- 59 Chad 5.98 % change on previous year compare
- 61 Guyana 5.89 % change on previous year compare
- 62 Morocco 5.79 % change on previous year compare
- 63 Montenegro 5.74 % change on previous year compare
More economy & growth data for Latvia
- IMF holdings of currency, SDR, annual growth rate -7.43 % change on previous year (2025)
- IMF holdings of currency, SDR, per unit of GDP 0.0056 units per US$ of GDP (2025)
- IMF holdings of currency, SDR, per capita 148.41 units per person (2025)
- Lending to the IMF (GRA), SDR, per capita 0 units per person (2025)
- SDR Allocation, US dollar, annual growth rate 5.01 % change on previous year (2025)
- SDR Allocation, US dollar, per unit of GDP 0.0124 units per US$ of GDP (2025)
- SDR Allocation, US dollar, per capita 325.6 units per person (2025)
- SDR Allocation, SDR, annual growth rate 0 % change on previous year (2025)
- SDR Allocation, SDR, per unit of GDP 0.009 units per US$ of GDP (2025)
- SDR Allocation, SDR, per capita 237.75 units 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 5.89 % change on previous year in 2019, according to Statizoid (derived).
- What is the highest gross fixed capital formation, private sector, constant prices recorded in Latvia?
- The highest recorded value was 46.62 % change on previous year in 1998.
- What is the lowest gross fixed capital formation, private sector, constant prices recorded in Latvia?
- The lowest recorded value was -39.22 % change on previous year in 2009.
- How does Latvia rank for gross fixed capital formation, private sector, constant prices?
- Latvia ranks 60th 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 up 115.0%. The long-run trend across the full record is volatile.
- Where does this Latvia data come from?
- The figures come from Statizoid (derived), published as part of Gross fixed capital formation, Private sector, Constant prices, Purchasing power parity (PPP) international dollar, ICP benchmark 2017, annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 59 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Gross fixed capital formation, Private sector, Constant prices, Purchasing power parity (PPP) international dollar, ICP benchmark 2017. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross fixed capital formation, Private sector, Constant prices International Monetary Fund
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Gross fixed capital formation, Private sector, Constant prices, Purchasing power parity (PPP) international dollar, ICP benchmark 2017. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.