Gross Fixed Capital Formation — Share of GDP US$, 2015 prices in Latvia
Latvia: Gross Fixed Capital Formation — Share of GDP US$, 2015 prices was 23.26 % in 2024. ▲ Rising
Gross Fixed Capital Formation — Share of GDP US$, 2015 prices in Latvia, 1991–2024
Source: Food and Agriculture Organization of the United Nations. Measured in %.
Analysis
The most recent figure for gross fixed capital formation — share of gdp us$, 2015 prices in Latvia is 23.26 %, measured in 2024.
That represents a change of down 6.3% on the previous year and down 2.6% over ten years.
Over the whole period, gross fixed capital formation — share of gdp us$, 2015 prices in Latvia peaked at 36.05 % in 2007 and was at its lowest, 10.6 %, in 1991.
Latvia ranks 106th of 203 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 34 years of available data.
Gross Fixed Capital Formation — Share of GDP US$, 2015 prices in Latvia, year by year
| Year | % | Change |
|---|---|---|
| 1991 | 10.6 % | — |
| 1992 | 11.6 % | +9.4% |
| 1993 | 11.47 % | -1.1% |
| 1994 | 11.49 % | +0.2% |
| 1995 | 12.47 % | +8.5% |
| 1996 | 16.25 % | +30.3% |
| 1997 | 15.18 % | -6.6% |
| 1998 | 20.81 % | +37.1% |
| 1999 | 20.46 % | -1.7% |
| 2000 | 23.31 % | +13.9% |
| 2001 | 25.87 % | +11.0% |
| 2002 | 23.45 % | -9.4% |
| 2003 | 24.72 % | +5.4% |
| 2004 | 28.94 % | +17.1% |
| 2005 | 31.48 % | +8.8% |
| 2006 | 32.5 % | +3.2% |
| 2007 | 36.05 % | +10.9% |
| 2008 | 32.94 % | -8.6% |
| 2009 | 23.52 % | -28.6% |
| 2010 | 19.99 % | -15.0% |
| 2011 | 24.55 % | +22.8% |
| 2012 | 27.44 % | +11.8% |
| 2013 | 25.32 % | -7.7% |
| 2014 | 23.89 % | -5.7% |
| 2015 | 22.33 % | -6.5% |
| 2016 | 20.4 % | -8.7% |
| 2017 | 21.89 % | +7.3% |
| 2018 | 23.41 % | +6.9% |
| 2019 | 23.56 % | +0.7% |
| 2020 | 23.81 % | +1.1% |
| 2021 | 23.77 % | -0.2% |
| 2022 | 22.98 % | -3.3% |
| 2023 | 24.83 % | +8.1% |
| 2024 | 23.26 % | -6.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 14.48 % | 10.6 % | 20.81 % | 9 |
| 2000s | 28.28 % | 23.31 % | 36.05 % | 10 |
| 2010s | 23.28 % | 19.99 % | 27.44 % | 10 |
| 2020s | 23.73 % | 22.98 % | 24.83 % | 5 |
Countries ranked near Latvia
More economy & growth data for Latvia
- Manufacturing, value added (current US$), per unit of GDP 0.0999 current US$ per US$ of GDP (2025)
- Manufacturing, value added (current US$), per capita 2,628 current US$ per person (2025)
- Manufacturing, value added (current LCU), per unit of GDP 0.0884 current LCU per US$ of GDP (2025)
- Manufacturing, value added (current LCU), per capita 2,326 current LCU per person (2025)
- Manufacturing, value added (constant 2015 US$), per unit of GDP 0.073 constant 2015 US$ per US$ of GDP (2025)
- Manufacturing, value added (constant 2015 US$), per capita 1,920 constant 2015 US$ per person (2025)
- Manufacturing, value added (constant LCU), per capita 1,898 constant LCU per person (2025)
- Industry (including construction), value added (current US$), annual 11.34 % change on previous year (2025)
- Industry (including construction), value added (current US$), per 0.1868 current US$ per US$ of GDP (2025)
- Industry (including construction), value added (current US$), per 4,916 current US$ per person (2025)
Frequently asked questions
- What is gross fixed capital formation — share of gdp us$, 2015 prices in Latvia?
- Gross fixed capital formation — share of gdp us$, 2015 prices in Latvia was 23.26 % in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross fixed capital formation — share of gdp us$, 2015 prices recorded in Latvia?
- The highest recorded value was 36.05 % in 2007.
- What is the lowest gross fixed capital formation — share of gdp us$, 2015 prices recorded in Latvia?
- The lowest recorded value was 10.6 % in 1991.
- How does Latvia rank for gross fixed capital formation — share of gdp us$, 2015 prices?
- Latvia ranks 106th out of 203 countries with data for 2024.
- Is gross fixed capital formation — share of gdp us$, 2015 prices rising or falling in Latvia?
- Over the last ten years it is down 2.6%. The long-run trend across the full record is rising.
- Where does this Latvia data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Gross Fixed Capital Formation — Share of GDP US$, 2015 prices. Statizoid updates them automatically from the source API.
Download this data
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About this data
The FAOSTAT Macro Indicators database provides a selection of country-level macro indicators relating to total economy (Gross Domestic Product, Gross Fixed Capital Formation); agriculture activity; agriculture, forestry and fishing activity; total manufacturing activity; manufacturing of food products and beverages activity; manufacturing activity of tobacco products; and manufacturing activity of food, beverage and tobacco products.It releases time series for a selection of National Accounts variables, including gross domestic product, gross fixed capital formation, industry-level value added and gross output. The database also proposes additional indicators such as gross domestic product per capita, year-on-year growth rates and measures of industry contribution to gross domestic product. All data relating to Gross Domestic Product, Gross Fixed Capital Formation, agriculture, forestry and fishing activity, and to total manufacturing activity originates from the United Nations Statistics Division (UNSD) National Accounts Estimates of Main Aggregates database, which consists of a complete and consistent set of time series of the main National Accounts aggregates of all UN Members States and other territories in the world for which National Accounts information is available. The UNSD database's content is based on the countries' official National Accounts data reported to UNSD through the annual National Accounts Questionnaire, supplemented with data estimates for any years and countries with incomplete or inconsistent information (See http://unstats.un.org/unsd/snaama/Introduction.asp). Data series relating to the sub-industry Agriculture activity are obtained from the UNSD national accounts Official Country Data databases while series on the Manufacturing activity of food and beverages products, manufacturing activity of tobacco products and manufacturing activity of food, beverages and tobacco products originates from the United Nations Industrial Development Organization (UNIDO) INDSTAT2 database. In order to ensure that sub-industry series are consistent in levels with National Accounts based series, which is needed to support comparability across industries (agriculture vs. agro-industry and sub-industries), UNIDO originating series are rescaled on UNSD National Accounts Estimates of Main Aggregates data series (See Section 17.5 for a more detailed description of the data processing steps).