Gross Fixed Capital Formation — Share of GDP US$ in Latvia
Latvia: Gross Fixed Capital Formation — Share of GDP US$ was 23.37 % in 2024. ▲ Rising
Gross Fixed Capital Formation — Share of GDP US$ in Latvia, 1991–2024
Source: Food and Agriculture Organization of the United Nations. Measured in %.
Analysis
Latvia recorded 23.37 % for gross fixed capital formation — share of gdp us$ in 2024.
The figure is down 6.4% on the previous year and down 1.2% over ten years.
Over the whole period, gross fixed capital formation — share of gdp us$ in Latvia peaked at 38.12 % in 2007 and was at its lowest, 6.42 %, in 1991.
Latvia ranks 88th 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$ in Latvia, year by year
| Year | % | Change |
|---|---|---|
| 1991 | 6.42 % | — |
| 1992 | 11.69 % | +82.1% |
| 1993 | 14.38 % | +23.1% |
| 1994 | 15.56 % | +8.2% |
| 1995 | 14.2 % | -8.7% |
| 1996 | 18.14 % | +27.8% |
| 1997 | 17.57 % | -3.2% |
| 1998 | 24.05 % | +36.9% |
| 1999 | 22.9 % | -4.8% |
| 2000 | 25.19 % | +10.0% |
| 2001 | 27.16 % | +7.8% |
| 2002 | 24.3 % | -10.5% |
| 2003 | 25.37 % | +4.4% |
| 2004 | 29.44 % | +16.0% |
| 2005 | 32.03 % | +8.8% |
| 2006 | 35.32 % | +10.3% |
| 2007 | 38.12 % | +7.9% |
| 2008 | 33.42 % | -12.3% |
| 2009 | 22.92 % | -31.4% |
| 2010 | 19.52 % | -14.8% |
| 2011 | 23.74 % | +21.6% |
| 2012 | 27.03 % | +13.9% |
| 2013 | 24.99 % | -7.6% |
| 2014 | 23.65 % | -5.3% |
| 2015 | 22.33 % | -5.6% |
| 2016 | 20.18 % | -9.6% |
| 2017 | 21.54 % | +6.8% |
| 2018 | 22.92 % | +6.4% |
| 2019 | 22.74 % | -0.8% |
| 2020 | 23.05 % | +1.4% |
| 2021 | 22.94 % | -0.5% |
| 2022 | 23.12 % | +0.8% |
| 2023 | 24.97 % | +8.0% |
| 2024 | 23.37 % | -6.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 16.1 % | 6.42 % | 24.05 % | 9 |
| 2000s | 29.33 % | 22.92 % | 38.12 % | 10 |
| 2010s | 22.86 % | 19.52 % | 27.03 % | 10 |
| 2020s | 23.49 % | 22.94 % | 24.97 % | 5 |
Countries ranked near Latvia
- 85 Central African Republic 23.51 % compare
- 86 Uganda 23.41 % compare
- 87 Solomon Islands 23.39 % compare
- 89 Bosnia and Herzegovina 23.26 % compare
- 90 Niger 23.23 % compare
- 91 Chile 23.09 % compare
More economy & growth data for Latvia
- Services, value added (constant LCU), per capita 11,613 constant LCU per person (2025)
- GDP deflator (base year varies by country), annual growth rate 3.62 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), annual growth 10.14 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), per unit of GDP 0.8694 current US$ per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current US$), per capita 22,876 current US$ per person (2025)
- 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)
Frequently asked questions
- What is gross fixed capital formation — share of gdp us$ in Latvia?
- Gross fixed capital formation — share of gdp us$ in Latvia was 23.37 % in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross fixed capital formation — share of gdp us$ recorded in Latvia?
- The highest recorded value was 38.12 % in 2007.
- What is the lowest gross fixed capital formation — share of gdp us$ recorded in Latvia?
- The lowest recorded value was 6.42 % in 1991.
- How does Latvia rank for gross fixed capital formation — share of gdp us$?
- Latvia ranks 88th out of 203 countries with data for 2024.
- Is gross fixed capital formation — share of gdp us$ rising or falling in Latvia?
- Over the last ten years it is down 1.2%. 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$. Statizoid updates them automatically from the source API.
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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).