Gross fixed capital formation, Private sector, Current … Domestic in Latvia
Latvia: Gross fixed capital formation, Private sector, Current … Domestic 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 … Domestic 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% |
Latvia compared with similar countries
- Latvia's 5.23 is below the median for high income countries, which is 133.43, 4% of the median. (58 countries reporting)
- Latvia's 5.23 is below the median for Europe & Central Asia, which is 148.39, 4% of the median. (46 countries reporting)
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
- 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, 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.