Gross Fixed Capital Formation — Value Standard Local Currency, per in Latvia
Latvia: Gross Fixed Capital Formation — Value Standard Local Currency, per was 0.005 million SLC per person in 2024. ◆ Volatile
Gross Fixed Capital Formation — Value Standard Local Currency, per in Latvia, 1991–2024
Source: Statizoid (derived). Measured in million SLC per person.
Analysis
The most recent figure for gross fixed capital formation — value standard local currency, per in Latvia is 0.005 million SLC per person, measured in 2024.
Compared with earlier readings it is down 3.5% on the previous year and up 84.8% over ten years.
Over the whole period, gross fixed capital formation — value standard local currency, per in Latvia peaked at 0.0052 million SLC per person in 2023 and was at its lowest, 0 million SLC per person, in 1991.
Latvia ranks 166th of 194 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Fixed Capital Formation — Value Standard Local Currency, per in Latvia, year by year
| Year | million SLC per person | Change |
|---|---|---|
| 1991 | 0 million SLC per person | — |
| 1992 | 0.0001 million SLC per person | +1193.8% |
| 1993 | 0.0001 million SLC per person | +83.3% |
| 1994 | 0.0002 million SLC per person | +53.1% |
| 1995 | 0.0002 million SLC per person | +14.9% |
| 1996 | 0.0003 million SLC per person | +49.4% |
| 1997 | 0.0004 million SLC per person | +13.0% |
| 1998 | 0.0006 million SLC per person | +54.1% |
| 1999 | 0.0006 million SLC per person | +0.0% |
| 2000 | 0.0007 million SLC per person | +22.0% |
| 2001 | 0.0009 million SLC per person | +19.3% |
| 2002 | 0.0009 million SLC per person | +0.6% |
| 2003 | 0.001 million SLC per person | +18.5% |
| 2004 | 0.0014 million SLC per person | +36.4% |
| 2005 | 0.0019 million SLC per person | +35.6% |
| 2006 | 0.0026 million SLC per person | +38.4% |
| 2007 | 0.0037 million SLC per person | +43.6% |
| 2008 | 0.0036 million SLC per person | -3.8% |
| 2009 | 0.002 million SLC per person | -44.8% |
| 2010 | 0.0016 million SLC per person | -16.6% |
| 2011 | 0.0022 million SLC per person | +33.6% |
| 2012 | 0.0028 million SLC per person | +27.3% |
| 2013 | 0.0027 million SLC per person | -2.8% |
| 2014 | 0.0027 million SLC per person | -0.8% |
| 2015 | 0.0027 million SLC per person | -0.9% |
| 2016 | 0.0025 million SLC per person | -5.9% |
| 2017 | 0.0029 million SLC per person | +14.4% |
| 2018 | 0.0033 million SLC per person | +16.0% |
| 2019 | 0.0035 million SLC per person | +4.9% |
| 2020 | 0.0035 million SLC per person | +0.9% |
| 2021 | 0.0039 million SLC per person | +10.8% |
| 2022 | 0.0044 million SLC per person | +13.0% |
| 2023 | 0.0052 million SLC per person | +16.6% |
| 2024 | 0.005 million SLC per person | -3.5% |
Latvia compared with similar countries
- Latvia's 0.005 million SLC per person is below the median for high income countries, which is 0.0157 million SLC per person, 32% of the median. (73 countries reporting)
- Latvia's 0.005 million SLC per person is below the median for Europe & Central Asia, which is 0.0141 million SLC per person, 35% of the median. (52 countries reporting)
Biggest year-on-year movements
Years where Gross Fixed Capital Formation — Value Standard Local Currency, per in Latvia changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1992 | +1193.8% | 0 million SLC per person | 0.0001 million SLC per person |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.0003 million SLC per person | 0 million SLC per person | 0.0006 million SLC per person | 9 |
| 2000s | 0.0019 million SLC per person | 0.0007 million SLC per person | 0.0037 million SLC per person | 10 |
| 2010s | 0.0027 million SLC per person | 0.0016 million SLC per person | 0.0035 million SLC per person | 10 |
| 2020s | 0.0044 million SLC per person | 0.0035 million SLC per person | 0.0052 million SLC per person | 5 |
Countries ranked near Latvia
- 163 Turks and Caicos Islands 0.0051 million SLC per person compare
- 164 Cyprus 0.0051 million SLC per person compare
- 165 Lesotho 0.005 million SLC per person compare
- 167 Libya 0.0043 million SLC per person compare
- 168 Solomon Islands 0.0042 million SLC per person compare
- 169 Samoa 0.0042 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, per in Latvia?
- Gross fixed capital formation — value standard local currency, per in Latvia was 0.005 million SLC per person in 2024, according to Statizoid (derived).
- What is the highest gross fixed capital formation — value standard local currency, per recorded in Latvia?
- The highest recorded value was 0.0052 million SLC per person in 2023.
- What is the lowest gross fixed capital formation — value standard local currency, per recorded in Latvia?
- The lowest recorded value was 0 million SLC per person in 1991.
- How does Latvia rank for gross fixed capital formation — value standard local currency, per?
- Latvia ranks 166th out of 194 countries with data for 2024.
- Is gross fixed capital formation — value standard local currency, per rising or falling in Latvia?
- Over the last ten years it is up 84.8%. The long-run trend across the full record is volatile.
- 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, 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 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 ÷ Population, total
Computed from
- Gross Fixed Capital Formation — Value Standard Local Currency 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 divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.