Gross Fixed Capital Formation — Value Standard Local Currency, 2015 in Latvia
Latvia: Gross Fixed Capital Formation — Value Standard Local Currency, 2015 was 6,546 million SLC in 2024. ▲ Rising
Gross Fixed Capital Formation — Value Standard Local Currency, 2015 in Latvia, 1991–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
In 2024, gross fixed capital formation — value standard local currency, 2015 in Latvia stood at 6,546 million SLC.
Compared with earlier readings it is down 6.7% on the previous year and up 19.8% over ten years.
Over the whole period, gross fixed capital formation — value standard local currency, 2015 in Latvia peaked at 9,158 million SLC in 2007 and was at its lowest, 1,188 million SLC, in 1993.
That places Latvia 147th 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 | Change |
|---|---|---|
| 1991 | 1,980 million SLC | — |
| 1992 | 1,411 million SLC | -28.7% |
| 1993 | 1,188 million SLC | -15.8% |
| 1994 | 1,197 million SLC | +0.8% |
| 1995 | 1,302 million SLC | +8.7% |
| 1996 | 1,736 million SLC | +33.3% |
| 1997 | 1,770 million SLC | +1.9% |
| 1998 | 2,585 million SLC | +46.1% |
| 1999 | 2,614 million SLC | +1.1% |
| 2000 | 3,152 million SLC | +20.6% |
| 2001 | 3,724 million SLC | +18.1% |
| 2002 | 3,634 million SLC | -2.4% |
| 2003 | 4,154 million SLC | +14.3% |
| 2004 | 5,288 million SLC | +27.3% |
| 2005 | 6,420 million SLC | +21.4% |
| 2006 | 7,478 million SLC | +16.5% |
| 2007 | 9,158 million SLC | +22.5% |
| 2008 | 8,083 million SLC | -11.7% |
| 2009 | 4,847 million SLC | -40.0% |
| 2010 | 3,968 million SLC | -18.1% |
| 2011 | 5,021 million SLC | +26.5% |
| 2012 | 6,024 million SLC | +20.0% |
| 2013 | 5,675 million SLC | -5.8% |
| 2014 | 5,465 million SLC | -3.7% |
| 2015 | 5,301 million SLC | -3.0% |
| 2016 | 4,966 million SLC | -6.3% |
| 2017 | 5,511 million SLC | +11.0% |
| 2018 | 6,147 million SLC | +11.5% |
| 2019 | 6,229 million SLC | +1.3% |
| 2020 | 6,077 million SLC | -2.4% |
| 2021 | 6,488 million SLC | +6.8% |
| 2022 | 6,385 million SLC | -1.6% |
| 2023 | 7,018 million SLC | +9.9% |
| 2024 | 6,546 million SLC | -6.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1,754 million SLC | 1,188 million SLC | 2,614 million SLC | 9 |
| 2000s | 5,594 million SLC | 3,152 million SLC | 9,158 million SLC | 10 |
| 2010s | 5,431 million SLC | 3,968 million SLC | 6,229 million SLC | 10 |
| 2020s | 6,503 million SLC | 6,077 million SLC | 7,018 million SLC | 5 |
Countries ranked near Latvia
- 144 Estonia 7,716 million SLC compare
- 145 Libya 7,641 million SLC compare
- 146 Sierra Leone 7,425 million SLC compare
- 148 El Salvador 6,219 million SLC compare
- 149 South Sudan 6,018 million SLC compare
- 150 Papua New Guinea 5,965 million SLC compare
More economy & growth data for Latvia
- GDP (current US$), annual growth rate 10.49 % change on previous year (2025)
- GDP (current US$), per capita 26,312 current US$ per person (2025)
- GDP (current LCU), annual growth rate 5.84 % change on previous year (2025)
- GDP (current LCU), per unit of GDP 0.885 current LCU per US$ of GDP (2025)
- GDP (current LCU), per capita 23,285 current LCU per person (2025)
- GDP (constant 2015 US$), annual growth rate 2.14 % change on previous year (2025)
- GDP (constant 2015 US$), per unit of GDP 0.642 constant 2015 US$ per US$ of GDP (2025)
- GDP (constant 2015 US$), per capita 16,892 constant 2015 US$ per person (2025)
- GDP (constant LCU), annual growth rate 2.14 % change on previous year (2025)
- GDP (constant LCU), per unit of GDP 0.6625 constant LCU per US$ of GDP (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 6,546 million SLC in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross fixed capital formation — value standard local currency, 2015 recorded in Latvia?
- The highest recorded value was 9,158 million SLC in 2007.
- What is the lowest gross fixed capital formation — value standard local currency, 2015 recorded in Latvia?
- The lowest recorded value was 1,188 million SLC in 1993.
- How does Latvia rank for gross fixed capital formation — value standard local currency, 2015?
- Latvia ranks 147th 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 19.8%. 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 — Value Standard Local Currency, 2015 prices. 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).