Gross Fixed Capital Formation — Value Standard Local Currency, per in Latvia
Latvia: Gross Fixed Capital Formation — Value Standard Local Currency, per was 0.1568 million SLC per square kilometre in 2023. ◆ Volatile
Gross Fixed Capital Formation — Value Standard Local Currency, per in Latvia, 1992–2023
Source: Statizoid (derived). Measured in million SLC per square kilometre.
Analysis
Latvia recorded 0.1568 million SLC per square kilometre for gross fixed capital formation — value standard local currency, per in 2023. That is the highest value across all 32 years on record.
That represents a change of up 16.9% on the previous year and up 77.8% over ten years.
Over the whole period, gross fixed capital formation — value standard local currency, per in Latvia peaked at 0.1568 million SLC per square kilometre in 2023 and was at its lowest, 0.0029 million SLC per square kilometre, in 1992.
Latvia ranks 173rd 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 square kilometre | Change |
|---|---|---|
| 1992 | 0.0029 million SLC per square kilometre | — |
| 1993 | 0.0053 million SLC per square kilometre | +79.7% |
| 1994 | 0.0079 million SLC per square kilometre | +50.6% |
| 1995 | 0.009 million SLC per square kilometre | +13.2% |
| 1996 | 0.0132 million SLC per square kilometre | +47.7% |
| 1997 | 0.0148 million SLC per square kilometre | +11.8% |
| 1998 | 0.0226 million SLC per square kilometre | +52.7% |
| 1999 | 0.0224 million SLC per square kilometre | -0.8% |
| 2000 | 0.0271 million SLC per square kilometre | +20.8% |
| 2001 | 0.0319 million SLC per square kilometre | +17.8% |
| 2002 | 0.0318 million SLC per square kilometre | -0.5% |
| 2003 | 0.0373 million SLC per square kilometre | +17.3% |
| 2004 | 0.0503 million SLC per square kilometre | +34.9% |
| 2005 | 0.0674 million SLC per square kilometre | +34.1% |
| 2006 | 0.0925 million SLC per square kilometre | +37.1% |
| 2007 | 0.1318 million SLC per square kilometre | +42.4% |
| 2008 | 0.1254 million SLC per square kilometre | -4.8% |
| 2009 | 0.0681 million SLC per square kilometre | -45.7% |
| 2010 | 0.0556 million SLC per square kilometre | -18.3% |
| 2011 | 0.0729 million SLC per square kilometre | +31.2% |
| 2012 | 0.0917 million SLC per square kilometre | +25.7% |
| 2013 | 0.0882 million SLC per square kilometre | -3.8% |
| 2014 | 0.0866 million SLC per square kilometre | -1.7% |
| 2015 | 0.0852 million SLC per square kilometre | -1.7% |
| 2016 | 0.0794 million SLC per square kilometre | -6.8% |
| 2017 | 0.0901 million SLC per square kilometre | +13.4% |
| 2018 | 0.1037 million SLC per square kilometre | +15.1% |
| 2019 | 0.108 million SLC per square kilometre | +4.2% |
| 2020 | 0.1083 million SLC per square kilometre | +0.2% |
| 2021 | 0.119 million SLC per square kilometre | +9.9% |
| 2022 | 0.1341 million SLC per square kilometre | +12.7% |
| 2023 | 0.1568 million SLC per square kilometre | +16.9% |
Latvia compared with similar countries
- Latvia's 0.1568 million SLC per square kilometre is below the median for high income countries, which is 2.4 million SLC per square kilometre, 7% of the median. (73 countries reporting)
- Latvia's 0.1568 million SLC per square kilometre is below the median for Europe & Central Asia, which is 1.89 million SLC per square kilometre, 8% of the median. (52 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.0123 million SLC per square kilometre | 0.0029 million SLC per square kilometre | 0.0226 million SLC per square kilometre | 8 |
| 2000s | 0.0664 million SLC per square kilometre | 0.0271 million SLC per square kilometre | 0.1318 million SLC per square kilometre | 10 |
| 2010s | 0.0861 million SLC per square kilometre | 0.0556 million SLC per square kilometre | 0.108 million SLC per square kilometre | 10 |
| 2020s | 0.1295 million SLC per square kilometre | 0.1083 million SLC per square kilometre | 0.1568 million SLC per square kilometre | 4 |
Countries ranked near Latvia
- 170 Zambia 0.1982 million SLC per square kilometre compare
- 171 Peru 0.1664 million SLC per square kilometre compare
- 172 Tunisia 0.1643 million SLC per square kilometre compare
- 174 Cuba 0.1436 million SLC per square kilometre compare
- 175 Kiribati 0.1363 million SLC per square kilometre compare
- 176 Botswana 0.1194 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, per in Latvia?
- Gross fixed capital formation — value standard local currency, per in Latvia was 0.1568 million SLC per square kilometre in 2023, 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 0.1568 million SLC per square kilometre in 2023.
- What is the lowest gross fixed capital formation — value standard local currency, per recorded in Latvia?
- The lowest recorded value was 0.0029 million SLC per square kilometre in 1992.
- How does Latvia rank for gross fixed capital formation — value standard local currency, per?
- Latvia ranks 173rd out of 194 countries with data for 2023.
- Is gross fixed capital formation — value standard local currency, per rising or falling in Latvia?
- Over the last ten years it is up 77.8%. 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 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 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 ÷ Land area (sq. km)
Computed from
- Gross Fixed Capital Formation — Value Standard Local Currency 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 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.