Gross Fixed Capital Formation — Value Standard Local Currency, 2015 in Latvia
Latvia: Gross Fixed Capital Formation — Value Standard Local Currency, 2015 was 0.0035 million SLC per person in 2024. ▲ Rising
Gross Fixed Capital Formation — Value Standard Local Currency, 2015 in Latvia, 1991–2024
Source: Statizoid (derived). Measured in million SLC per person.
Analysis
In 2024, gross fixed capital formation — value standard local currency, 2015 in Latvia stood at 0.0035 million SLC per person.
The figure is down 5.8% on the previous year and up 28.0% over ten years.
Over the whole period, gross fixed capital formation — value standard local currency, 2015 in Latvia peaked at 0.0042 million SLC per person in 2007 and was at its lowest, 0.0005 million SLC per person, in 1993.
That places Latvia 154th out of 194 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 34 years of available data.
Gross Fixed Capital Formation — Value Standard Local Currency, 2015 in Latvia, year by year
| Year | million SLC per person | Change |
|---|---|---|
| 1991 | 0.0007 million SLC per person | — |
| 1992 | 0.0005 million SLC per person | -27.8% |
| 1993 | 0.0005 million SLC per person | -14.1% |
| 1994 | 0.0005 million SLC per person | +2.5% |
| 1995 | 0.0005 million SLC per person | +10.3% |
| 1996 | 0.0007 million SLC per person | +34.9% |
| 1997 | 0.0007 million SLC per person | +3.0% |
| 1998 | 0.0011 million SLC per person | +47.5% |
| 1999 | 0.0011 million SLC per person | +1.9% |
| 2000 | 0.0013 million SLC per person | +21.7% |
| 2001 | 0.0016 million SLC per person | +19.7% |
| 2002 | 0.0016 million SLC per person | -1.3% |
| 2003 | 0.0018 million SLC per person | +15.4% |
| 2004 | 0.0023 million SLC per person | +28.7% |
| 2005 | 0.0029 million SLC per person | +22.7% |
| 2006 | 0.0034 million SLC per person | +17.5% |
| 2007 | 0.0042 million SLC per person | +23.5% |
| 2008 | 0.0037 million SLC per person | -10.8% |
| 2009 | 0.0023 million SLC per person | -39.0% |
| 2010 | 0.0019 million SLC per person | -16.4% |
| 2011 | 0.0024 million SLC per person | +28.9% |
| 2012 | 0.003 million SLC per person | +21.5% |
| 2013 | 0.0028 million SLC per person | -4.8% |
| 2014 | 0.0027 million SLC per person | -2.8% |
| 2015 | 0.0027 million SLC per person | -2.2% |
| 2016 | 0.0025 million SLC per person | -5.5% |
| 2017 | 0.0028 million SLC per person | +12.0% |
| 2018 | 0.0032 million SLC per person | +12.4% |
| 2019 | 0.0033 million SLC per person | +2.0% |
| 2020 | 0.0032 million SLC per person | -1.8% |
| 2021 | 0.0034 million SLC per person | +7.7% |
| 2022 | 0.0034 million SLC per person | -1.3% |
| 2023 | 0.0037 million SLC per person | +9.7% |
| 2024 | 0.0035 million SLC per person | -5.8% |
Latvia compared with similar countries
- Latvia's 0.0035 million SLC per person is below the median for high income countries, which is 0.0119 million SLC per person, 30% of the median. (73 countries reporting)
- Latvia's 0.0035 million SLC per person is below the median for Europe & Central Asia, which is 0.0098 million SLC per person, 36% of the median. (52 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.0007 million SLC per person | 0.0005 million SLC per person | 0.0011 million SLC per person | 9 |
| 2000s | 0.0025 million SLC per person | 0.0013 million SLC per person | 0.0042 million SLC per person | 10 |
| 2010s | 0.0027 million SLC per person | 0.0019 million SLC per person | 0.0033 million SLC per person | 10 |
| 2020s | 0.0035 million SLC per person | 0.0032 million SLC per person | 0.0037 million SLC per person | 5 |
Countries ranked near Latvia
- 151 Portugal 0.0039 million SLC per person compare
- 152 Croatia 0.0037 million SLC per person compare
- 153 Solomon Islands 0.0036 million SLC per person compare
- 155 Egypt 0.0034 million SLC per person compare
- 156 Nauru 0.0034 million SLC per person compare
- 157 Turks and Caicos Islands 0.0034 million SLC per person compare
More economy & growth data for Latvia
- Foreign direct investment, net outflows (BoP, current US$), gaps 317.22 million BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0065 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 171.67 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 243.70 million BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual -83.9 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.005 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 131.89 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 18.65 % change on previous year (2025)
- Total reserves (includes gold, current US$), per unit of GDP 0.1255 includes gold, current US$ per US$ of GDP (2025)
- Total reserves (includes gold, current US$), per capita 3,301 includes gold, current US$ per person (2025)
Frequently asked questions
- What is gross fixed capital formation — value standard local currency, 2015 in Latvia?
- Gross fixed capital formation — value standard local currency, 2015 in Latvia was 0.0035 million SLC per person in 2024, according to Statizoid (derived).
- What is the highest gross fixed capital formation — value standard local currency, 2015 recorded in Latvia?
- The highest recorded value was 0.0042 million SLC per person in 2007.
- What is the lowest gross fixed capital formation — value standard local currency, 2015 recorded in Latvia?
- The lowest recorded value was 0.0005 million SLC per person in 1993.
- How does Latvia rank for gross fixed capital formation — value standard local currency, 2015?
- Latvia ranks 154th out of 194 countries with data for 2024.
- Is gross fixed capital formation — value standard local currency, 2015 rising or falling in Latvia?
- Over the last ten years it is up 28.0%. The long-run trend across the full record is rising.
- Where does this Latvia data come from?
- The figures come from Statizoid (derived), published as part of Gross Fixed Capital Formation — Value Standard Local Currency, 2015 prices, per capita. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 34 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
Gross Fixed Capital Formation — Value Standard Local Currency, 2015 prices divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Gross Fixed Capital Formation — Value Standard Local Currency, 2015 prices ÷ Population, total
Computed from
- Gross Fixed Capital Formation — Value Standard Local Currency, 2015 Food and Agriculture Organization of the United Nations
- Population, total World Population Prospects, United Nations (UN)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Gross Fixed Capital Formation — Value Standard Local Currency, 2015 prices divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.