Gross Fixed Capital Formation — Value Standard Local Currency, 2015 in Latvia
Latvia: Gross Fixed Capital Formation — Value Standard Local Currency, 2015 was 0.1128 million SLC per square kilometre in 2023. ▲ Rising
Gross Fixed Capital Formation — Value Standard Local Currency, 2015 in Latvia, 1992–2023
Source: Statizoid (derived). Measured in million SLC per square kilometre.
Analysis
The most recent figure for gross fixed capital formation — value standard local currency, 2015 in Latvia is 0.1128 million SLC per square kilometre, measured in 2023.
That represents a change of up 9.9% on the previous year and up 23.7% over ten years.
Over the whole period, gross fixed capital formation — value standard local currency, 2015 in Latvia peaked at 0.1472 million SLC per square kilometre in 2007 and was at its lowest, 0.0191 million SLC per square kilometre, in 1993.
Latvia ranks 167th of 194 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 32 years of available data.
Gross Fixed Capital Formation — Value Standard Local Currency, 2015 in Latvia, year by year
| Year | million SLC per square kilometre | Change |
|---|---|---|
| 1992 | 0.0227 million SLC per square kilometre | — |
| 1993 | 0.0191 million SLC per square kilometre | -15.8% |
| 1994 | 0.0192 million SLC per square kilometre | +0.8% |
| 1995 | 0.0209 million SLC per square kilometre | +8.7% |
| 1996 | 0.0279 million SLC per square kilometre | +33.3% |
| 1997 | 0.0284 million SLC per square kilometre | +1.9% |
| 1998 | 0.0415 million SLC per square kilometre | +46.1% |
| 1999 | 0.042 million SLC per square kilometre | +1.1% |
| 2000 | 0.0506 million SLC per square kilometre | +20.6% |
| 2001 | 0.0598 million SLC per square kilometre | +18.1% |
| 2002 | 0.0584 million SLC per square kilometre | -2.4% |
| 2003 | 0.0668 million SLC per square kilometre | +14.3% |
| 2004 | 0.085 million SLC per square kilometre | +27.3% |
| 2005 | 0.1032 million SLC per square kilometre | +21.4% |
| 2006 | 0.1202 million SLC per square kilometre | +16.5% |
| 2007 | 0.1472 million SLC per square kilometre | +22.5% |
| 2008 | 0.1299 million SLC per square kilometre | -11.7% |
| 2009 | 0.0779 million SLC per square kilometre | -40.0% |
| 2010 | 0.0638 million SLC per square kilometre | -18.1% |
| 2011 | 0.0807 million SLC per square kilometre | +26.5% |
| 2012 | 0.0968 million SLC per square kilometre | +20.0% |
| 2013 | 0.0912 million SLC per square kilometre | -5.8% |
| 2014 | 0.0878 million SLC per square kilometre | -3.7% |
| 2015 | 0.0852 million SLC per square kilometre | -3.0% |
| 2016 | 0.0798 million SLC per square kilometre | -6.3% |
| 2017 | 0.0886 million SLC per square kilometre | +11.0% |
| 2018 | 0.0988 million SLC per square kilometre | +11.5% |
| 2019 | 0.1001 million SLC per square kilometre | +1.3% |
| 2020 | 0.0977 million SLC per square kilometre | -2.4% |
| 2021 | 0.1043 million SLC per square kilometre | +6.8% |
| 2022 | 0.1026 million SLC per square kilometre | -1.6% |
| 2023 | 0.1128 million SLC per square kilometre | +9.9% |
Latvia compared with similar countries
- Latvia's 0.1128 million SLC per square kilometre is below the median for high income countries, which is 1.92 million SLC per square kilometre, 6% of the median. (73 countries reporting)
- Latvia's 0.1128 million SLC per square kilometre is below the median for Europe & Central Asia, which is 1.13 million SLC per square kilometre, 10% of the median. (52 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.0277 million SLC per square kilometre | 0.0191 million SLC per square kilometre | 0.042 million SLC per square kilometre | 8 |
| 2000s | 0.0899 million SLC per square kilometre | 0.0506 million SLC per square kilometre | 0.1472 million SLC per square kilometre | 10 |
| 2010s | 0.0873 million SLC per square kilometre | 0.0638 million SLC per square kilometre | 0.1001 million SLC per square kilometre | 10 |
| 2020s | 0.1043 million SLC per square kilometre | 0.0977 million SLC per square kilometre | 0.1128 million SLC per square kilometre | 4 |
Countries ranked near Latvia
- 164 Brazil 0.1305 million SLC per square kilometre compare
- 165 Peru 0.1204 million SLC per square kilometre compare
- 166 Kiribati 0.1177 million SLC per square kilometre compare
- 168 Belarus 0.105 million SLC per square kilometre compare
- 169 Fiji 0.1043 million SLC per square kilometre compare
- 170 Solomon Islands 0.1023 million SLC per square kilometre 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 0.1128 million SLC per square kilometre in 2023, 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 0.1472 million SLC per square kilometre in 2007.
- What is the lowest gross fixed capital formation — value standard local currency, 2015 recorded in Latvia?
- The lowest recorded value was 0.0191 million SLC per square kilometre in 1993.
- How does Latvia rank for gross fixed capital formation — value standard local currency, 2015?
- Latvia ranks 167th out of 194 countries with data for 2023.
- Is gross fixed capital formation — value standard local currency, 2015 rising or falling in Latvia?
- Over the last ten years it is up 23.7%. 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 square kilometre. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 32 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 Land area (sq. km), 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 ÷ Land area (sq. km)
Computed from
- Gross Fixed Capital Formation — Value Standard Local Currency, 2015 Food and Agriculture Organization of the United Nations
- Land area FAOSTAT, Food and Agriculture Organization of the United Nations (FAO)
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 Land area (sq. km), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.