Gross fixed capital formation, Private sector, Constant prices in Latvia
Latvia: Gross fixed capital formation, Private sector, Constant prices was 10.13 in 2019. ◆ Volatile
Latest (2019)
10.13
Change on year
up 5.9%
World rank
93rd
of 173 countries
All-time high
14.87
in 2007
All-time low
0.8025
in 1960
Years of data
60
1960–2019
Gross fixed capital formation, Private sector, Constant prices in Latvia, 1960–2019
Source: International Monetary Fund.
Analysis
Latvia recorded 10.13 for gross fixed capital formation, private sector, constant prices in 2019.
That represents a change of up 5.9% on the previous year and up 25.2% over ten years.
Over the whole period, gross fixed capital formation, private sector, constant prices in Latvia peaked at 14.87 in 2007 and was at its lowest, 0.8025, in 1960.
That places Latvia 93rd 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 | Value | Change |
|---|---|---|
| 1960 | 0.8025 | — |
| 1961 | 0.8346 | +4.0% |
| 1962 | 0.868 | +4.0% |
| 1963 | 0.9028 | +4.0% |
| 1964 | 0.9389 | +4.0% |
| 1965 | 0.9764 | +4.0% |
| 1966 | 1.02 | +4.0% |
| 1967 | 1.06 | +4.0% |
| 1968 | 1.1 | +4.0% |
| 1969 | 1.14 | +4.0% |
| 1970 | 1.19 | +4.0% |
| 1971 | 1.24 | +4.0% |
| 1972 | 1.28 | +4.0% |
| 1973 | 1.34 | +4.0% |
| 1974 | 1.39 | +4.0% |
| 1975 | 1.45 | +4.0% |
| 1976 | 1.5 | +4.0% |
| 1977 | 1.56 | +4.0% |
| 1978 | 1.63 | +4.0% |
| 1979 | 1.69 | +4.0% |
| 1980 | 1.76 | +4.0% |
| 1981 | 1.83 | +4.0% |
| 1982 | 1.9 | +4.0% |
| 1983 | 1.98 | +4.0% |
| 1984 | 2.06 | +4.0% |
| 1985 | 2.14 | +4.0% |
| 1986 | 2.23 | +4.0% |
| 1987 | 2.31 | +4.0% |
| 1988 | 2.41 | +4.0% |
| 1989 | 2.5 | +4.0% |
| 1990 | 2.6 | +4.0% |
| 1991 | 2.71 | +4.0% |
| 1992 | 2.82 | +4.0% |
| 1993 | 2.93 | +4.0% |
| 1994 | 3.05 | +4.0% |
| 1995 | 2.15 | -29.5% |
| 1996 | 2.89 | +34.7% |
| 1997 | 3.22 | +11.4% |
| 1998 | 4.73 | +46.6% |
| 1999 | 4.88 | +3.2% |
| 2000 | 6 | +23.0% |
| 2001 | 7.29 | +21.4% |
| 2002 | 6.93 | -4.8% |
| 2003 | 7.25 | +4.6% |
| 2004 | 9.19 | +26.7% |
| 2005 | 11.29 | +22.9% |
| 2006 | 12.44 | +10.2% |
| 2007 | 14.87 | +19.5% |
| 2008 | 13.31 | -10.5% |
| 2009 | 8.09 | -39.2% |
| 2010 | 6.27 | -22.5% |
| 2011 | 7.96 | +26.8% |
| 2012 | 9.61 | +20.8% |
| 2013 | 9.1 | -5.3% |
| 2014 | 9.13 | +0.3% |
| 2015 | 8.75 | -4.2% |
| 2016 | 8.4 | -4.0% |
| 2017 | 8.9 | +6.0% |
| 2018 | 9.57 | +7.5% |
| 2019 | 10.13 | +5.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 0.9635 | 0.8025 | 1.14 | 10 |
| 1970s | 1.43 | 1.19 | 1.69 | 10 |
| 1980s | 2.11 | 1.76 | 2.5 | 10 |
| 1990s | 3.2 | 2.15 | 4.88 | 10 |
| 2000s | 9.67 | 6 | 14.87 | 10 |
| 2010s | 8.78 | 6.27 | 10.13 | 10 |
Countries ranked near Latvia
More economy & growth data for Latvia
- 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)
- Gross value added at basic prices (GVA) (constant 2015 US$), per 14,649 constant 2015 US$ per person (2025)
- Gross value added at basic prices (GVA) (constant LCU), annual growth 1.99 % change on previous year (2025)
- Gross value added at basic prices (GVA) (constant LCU), per unit of 0.5771 constant LCU per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (constant LCU), per capita 15,184 constant LCU per person (2025)
- GDP (current US$), annual growth rate 10.49 % 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 10.13 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 14.87 in 2007.
- What is the lowest gross fixed capital formation, private sector, constant prices recorded in Latvia?
- The lowest recorded value was 0.8025 in 1960.
- How does Latvia rank for gross fixed capital formation, private sector, constant prices?
- Latvia ranks 93rd 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 25.2%. The long-run trend across the full record is volatile.
- 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, Purchasing power parity (PPP) international dollar, ICP benchmark 2017. 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.