Gross Fixed Capital Formation — Value Standard Local Currency, per in Latvia
Latvia: Gross Fixed Capital Formation — Value Standard Local Currency, per was 0 million SLC per US$ of GDP in 2024. ▲ Rising
Gross Fixed Capital Formation — Value Standard Local Currency, per in Latvia, 1995–2024
Source: Statizoid (derived). Measured in million SLC per US$ of GDP.
Analysis
In 2024, gross fixed capital formation — value standard local currency, per in Latvia stood at 0 million SLC per US$ of GDP.
The figure is down 7.1% on the previous year and up 19.0% over ten years.
Over the whole period, gross fixed capital formation — value standard local currency, per in Latvia peaked at 0 million SLC per US$ of GDP in 2006 and was at its lowest, 0 million SLC per US$ of GDP, in 1995.
Latvia ranks 159th of 193 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 30 years of available data.
Gross Fixed Capital Formation — Value Standard Local Currency, per 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 | +42.8% |
| 1997 | 0 million SLC per US$ of GDP | +2.2% |
| 1998 | 0 million SLC per US$ of GDP | +39.0% |
| 1999 | 0 million SLC per US$ of GDP | -5.5% |
| 2000 | 0 million SLC per US$ of GDP | +14.0% |
| 2001 | 0 million SLC per US$ of GDP | +11.6% |
| 2002 | 0 million SLC per US$ of GDP | -11.9% |
| 2003 | 0 million SLC per US$ of GDP | -3.5% |
| 2004 | 0 million SLC per US$ of GDP | +9.7% |
| 2005 | 0 million SLC per US$ of GDP | +13.7% |
| 2006 | 0 million SLC per US$ of GDP | +9.4% |
| 2007 | 0 million SLC per US$ of GDP | -1.1% |
| 2008 | 0 million SLC per US$ of GDP | -18.0% |
| 2009 | 0 million SLC per US$ of GDP | -27.9% |
| 2010 | 0 million SLC per US$ of GDP | -10.6% |
| 2011 | 0 million SLC per US$ of GDP | +15.8% |
| 2012 | 0 million SLC per US$ of GDP | +23.2% |
| 2013 | 0 million SLC per US$ of GDP | -10.5% |
| 2014 | 0 million SLC per US$ of GDP | -5.4% |
| 2015 | 0 million SLC per US$ of GDP | +13.0% |
| 2016 | 0 million SLC per US$ of GDP | -9.4% |
| 2017 | 0 million SLC per US$ of GDP | +4.6% |
| 2018 | 0 million SLC per US$ of GDP | +1.7% |
| 2019 | 0 million SLC per US$ of GDP | +4.7% |
| 2020 | 0 million SLC per US$ of GDP | -0.6% |
| 2021 | 0 million SLC per US$ of GDP | -3.9% |
| 2022 | 0 million SLC per US$ of GDP | +13.3% |
| 2023 | 0 million SLC per US$ of GDP | +3.8% |
| 2024 | 0 million SLC per US$ of GDP | -7.1% |
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, 71% 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, 75% 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
- 156 Bahamas 0 million SLC per US$ of GDP compare
- 157 United States 0 million SLC per US$ of GDP compare
- 158 Liechtenstein 0 million SLC per US$ of GDP compare
- 160 Switzerland 0 million SLC per US$ of GDP compare
- 161 Lithuania 0 million SLC per US$ of GDP compare
- 162 France 0 million SLC per US$ of GDP 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 million SLC per US$ of GDP 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 million SLC per US$ of GDP in 2006.
- 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 US$ of GDP in 1995.
- How does Latvia rank for gross fixed capital formation — value standard local currency, per?
- Latvia ranks 159th out of 193 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 19.0%. 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, per unit of GDP. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 30 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 GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Gross Fixed Capital Formation — Value Standard Local Currency ÷ GDP (current US$)
Computed from
- Gross Fixed Capital Formation — Value Standard Local Currency 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 divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.