Gross Fixed Capital Formation — Value Standard Local Currency, 2015 in Latvia
Latvia: Gross Fixed Capital Formation — Value Standard Local Currency, 2015 was 0 million SLC per US$ of GDP in 2024. ▼ Falling
Gross Fixed Capital Formation — Value Standard Local Currency, 2015 in Latvia, 1995–2024
Source: Statizoid (derived). Measured in million SLC per US$ of GDP.
Analysis
Latvia recorded 0 million SLC per US$ of GDP for gross fixed capital formation — value standard local currency, 2015 in 2024. That is the lowest value across all 30 years on record.
That represents a change of down 9.3% on the previous year and down 17.6% over ten years.
Over the whole period, gross fixed capital formation — value standard local currency, 2015 in Latvia peaked at 0 million SLC per US$ of GDP in 2001 and was at its lowest, 0 million SLC per US$ of GDP, in 2024.
That places Latvia 171st out of 193 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 30 years of available data.
Gross Fixed Capital Formation — Value Standard Local Currency, 2015 in Latvia, year by year
| Year | million SLC per US$ of GDP | Change |
|---|---|---|
| 1995 | 0 million SLC per US$ of GDP | — |
| 1996 | 0 million SLC per US$ of GDP | +28.9% |
| 1997 | 0 million SLC per US$ of GDP | -6.9% |
| 1998 | 0 million SLC per US$ of GDP | +33.0% |
| 1999 | 0 million SLC per US$ of GDP | -3.7% |
| 2000 | 0 million SLC per US$ of GDP | +13.8% |
| 2001 | 0 million SLC per US$ of GDP | +11.9% |
| 2002 | 0 million SLC per US$ of GDP | -13.6% |
| 2003 | 0 million SLC per US$ of GDP | -6.0% |
| 2004 | 0 million SLC per US$ of GDP | +3.5% |
| 2005 | 0 million SLC per US$ of GDP | +3.0% |
| 2006 | 0 million SLC per US$ of GDP | -7.1% |
| 2007 | 0 million SLC per US$ of GDP | -14.9% |
| 2008 | 0 million SLC per US$ of GDP | -23.9% |
| 2009 | 0 million SLC per US$ of GDP | -20.3% |
| 2010 | 0 million SLC per US$ of GDP | -10.4% |
| 2011 | 0 million SLC per US$ of GDP | +11.7% |
| 2012 | 0 million SLC per US$ of GDP | +17.6% |
| 2013 | 0 million SLC per US$ of GDP | -12.4% |
| 2014 | 0 million SLC per US$ of GDP | -7.3% |
| 2015 | 0 million SLC per US$ of GDP | +11.5% |
| 2016 | 0 million SLC per US$ of GDP | -9.0% |
| 2017 | 0 million SLC per US$ of GDP | +2.4% |
| 2018 | 0 million SLC per US$ of GDP | -1.4% |
| 2019 | 0 million SLC per US$ of GDP | +1.8% |
| 2020 | 0 million SLC per US$ of GDP | -3.3% |
| 2021 | 0 million SLC per US$ of GDP | -6.7% |
| 2022 | 0 million SLC per US$ of GDP | -1.1% |
| 2023 | 0 million SLC per US$ of GDP | -2.4% |
| 2024 | 0 million SLC per US$ of GDP | -9.3% |
Latvia compared with similar countries
- Latvia's 0 million SLC per US$ of GDP is below the median for high income countries, which is 0 million SLC per US$ of GDP, 70% of the median. (72 countries reporting)
- Latvia's 0 million SLC per US$ of GDP is below the median for Europe & Central Asia, which is 0 million SLC per US$ of GDP, 76% of the median. (52 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0 million SLC per US$ of GDP | 0 million SLC per US$ of GDP | 0 million SLC per US$ of GDP | 5 |
| 2000s | 0 million SLC per US$ of GDP | 0 million SLC per US$ of GDP | 0 million SLC per US$ of GDP | 10 |
| 2010s | 0 million SLC per US$ of GDP | 0 million SLC per US$ of GDP | 0 million SLC per US$ of GDP | 10 |
| 2020s | 0 million SLC per US$ of GDP | 0 million SLC per US$ of GDP | 0 million SLC per US$ of GDP | 5 |
Countries ranked near Latvia
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 million SLC per US$ of GDP 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 million SLC per US$ of GDP in 2001.
- What is the lowest gross fixed capital formation — value standard local currency, 2015 recorded in Latvia?
- The lowest recorded value was 0 million SLC per US$ of GDP in 2024.
- How does Latvia rank for gross fixed capital formation — value standard local currency, 2015?
- Latvia ranks 171st out of 193 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 down 17.6%. The long-run trend across the full record is falling.
- 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 unit of GDP. Statizoid updates them automatically from the source API.
Download this data
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How this figure is calculated
Gross Fixed Capital Formation — Value Standard Local Currency, 2015 prices divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Gross Fixed Capital Formation — Value Standard Local Currency, 2015 prices ÷ GDP (current US$)
Computed from
- Gross Fixed Capital Formation — Value Standard Local Currency, 2015 Food and Agriculture Organization of the United Nations
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
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 GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.