Gross fixed capital formation, Private sector, Current prices in Latvia
Latvia: Gross fixed capital formation, Private sector, Current prices was 5.23 in 2019. ◆ Volatile
Gross fixed capital formation, Private sector, Current prices in Latvia, 1995–2019
Source: International Monetary Fund.
Analysis
Latvia recorded 5.23 for gross fixed capital formation, private sector, current prices in 2019.
Compared with earlier readings it is up 8.7% on the previous year and up 60.4% over ten years.
Over the whole period, gross fixed capital formation, private sector, current prices in Latvia peaked at 6.85 in 2007 and was at its lowest, 0.4917, in 1995.
Latvia ranks 149th of 174 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross fixed capital formation, Private sector, Current prices in Latvia, year by year
| Year | Value | Change |
|---|---|---|
| 1995 | 0.4917 | — |
| 1996 | 0.7138 | +45.2% |
| 1997 | 0.8636 | +21.0% |
| 1998 | 1.33 | +54.5% |
| 1999 | 1.32 | -1.1% |
| 2000 | 1.59 | +20.6% |
| 2001 | 1.91 | +20.1% |
| 2002 | 1.91 | -0.1% |
| 2003 | 2.09 | +9.1% |
| 2004 | 2.77 | +32.6% |
| 2005 | 3.75 | +35.7% |
| 2006 | 4.97 | +32.4% |
| 2007 | 6.85 | +37.9% |
| 2008 | 6.49 | -5.2% |
| 2009 | 3.26 | -49.8% |
| 2010 | 2.57 | -21.2% |
| 2011 | 3.42 | +33.0% |
| 2012 | 4.4 | +28.8% |
| 2013 | 4.22 | -4.1% |
| 2014 | 4.3 | +1.8% |
| 2015 | 4.19 | -2.5% |
| 2016 | 4 | -4.6% |
| 2017 | 4.31 | +7.9% |
| 2018 | 4.81 | +11.5% |
| 2019 | 5.23 | +8.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.9448 | 0.4917 | 1.33 | 5 |
| 2000s | 3.56 | 1.59 | 6.85 | 10 |
| 2010s | 4.14 | 2.57 | 5.23 | 10 |
Countries ranked near Latvia
More economy & growth data for Latvia
- Services, value added (current US$), annual growth rate 9.67 % change on previous year (2025)
- Services, value added (current US$), per unit of GDP 0.6425 current US$ per US$ of GDP (2025)
- Services, value added (current US$), per capita 16,904 current US$ per person (2025)
- Services, value added (current LCU), annual growth rate 5.05 % change on previous year (2025)
- Services, value added (current LCU), per unit of GDP 0.5685 current LCU per US$ of GDP (2025)
- Services, value added (current LCU), per capita 14,960 current LCU per person (2025)
- Services, value added (constant 2015 US$), annual growth rate 1.64 % change on previous year (2025)
- Services, value added (constant 2015 US$), per unit of GDP 0.4253 constant 2015 US$ per US$ of GDP (2025)
- Services, value added (constant 2015 US$), per capita 11,190 constant 2015 US$ per person (2025)
- Services, value added (constant LCU), per capita 11,613 constant LCU per person (2025)
Frequently asked questions
- What is gross fixed capital formation, private sector, current prices in Latvia?
- Gross fixed capital formation, private sector, current prices in Latvia was 5.23 in 2019, according to International Monetary Fund.
- What is the highest gross fixed capital formation, private sector, current prices recorded in Latvia?
- The highest recorded value was 6.85 in 2007.
- What is the lowest gross fixed capital formation, private sector, current prices recorded in Latvia?
- The lowest recorded value was 0.4917 in 1995.
- How does Latvia rank for gross fixed capital formation, private sector, current prices?
- Latvia ranks 149th out of 174 countries with data for 2019.
- Is gross fixed capital formation, private sector, current prices rising or falling in Latvia?
- Over the last ten years it is up 60.4%. 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, Current prices, Domestic currency. 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.