Gross Fixed Capital Formation — Value US$, 2015 prices, per capita in Latvia
Latvia: Gross Fixed Capital Formation — Value US$, 2015 prices, per capita was 0.0039 million USD per person in 2024. ▲ Rising
Gross Fixed Capital Formation — Value US$, 2015 prices, per capita in Latvia, 1991–2024
Source: Statizoid (derived). Measured in million USD per person.
Analysis
The most recent figure for gross fixed capital formation — value us$, 2015 prices, per capita in Latvia is 0.0039 million USD per person, measured in 2024.
The figure is down 5.8% on the previous year and up 28.0% over ten years.
Over the whole period, gross fixed capital formation — value us$, 2015 prices, per capita in Latvia peaked at 0.0046 million USD per person in 2007 and was at its lowest, 0.0005 million USD per person, in 1993.
Latvia ranks 60th of 194 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 34 years of available data.
Gross Fixed Capital Formation — Value US$, 2015 prices, per capita in Latvia, year by year
| Year | million USD per person | Change |
|---|---|---|
| 1991 | 0.0008 million USD per person | — |
| 1992 | 0.0006 million USD per person | -27.8% |
| 1993 | 0.0005 million USD per person | -14.1% |
| 1994 | 0.0005 million USD per person | +2.5% |
| 1995 | 0.0006 million USD per person | +10.3% |
| 1996 | 0.0008 million USD per person | +34.9% |
| 1997 | 0.0008 million USD per person | +3.0% |
| 1998 | 0.0012 million USD per person | +47.5% |
| 1999 | 0.0012 million USD per person | +1.9% |
| 2000 | 0.0015 million USD per person | +21.7% |
| 2001 | 0.0018 million USD per person | +19.7% |
| 2002 | 0.0017 million USD per person | -1.3% |
| 2003 | 0.002 million USD per person | +15.4% |
| 2004 | 0.0026 million USD per person | +28.7% |
| 2005 | 0.0032 million USD per person | +22.7% |
| 2006 | 0.0037 million USD per person | +17.5% |
| 2007 | 0.0046 million USD per person | +23.5% |
| 2008 | 0.0041 million USD per person | -10.8% |
| 2009 | 0.0025 million USD per person | -39.0% |
| 2010 | 0.0021 million USD per person | -16.4% |
| 2011 | 0.0027 million USD per person | +28.9% |
| 2012 | 0.0033 million USD per person | +21.5% |
| 2013 | 0.0031 million USD per person | -4.8% |
| 2014 | 0.003 million USD per person | -2.8% |
| 2015 | 0.003 million USD per person | -2.2% |
| 2016 | 0.0028 million USD per person | -5.5% |
| 2017 | 0.0031 million USD per person | +12.0% |
| 2018 | 0.0035 million USD per person | +12.4% |
| 2019 | 0.0036 million USD per person | +2.0% |
| 2020 | 0.0035 million USD per person | -1.8% |
| 2021 | 0.0038 million USD per person | +7.7% |
| 2022 | 0.0038 million USD per person | -1.3% |
| 2023 | 0.0041 million USD per person | +9.7% |
| 2024 | 0.0039 million USD per person | -5.8% |
Latvia compared with similar countries
- Latvia's 0.0039 million USD per person is below the median for high income countries, which is 0.007 million USD per person, 56% of the median. (73 countries reporting)
- Latvia's 0.0039 million USD per person is below the median for Europe & Central Asia, which is 0.0044 million USD per person, 89% of the median. (52 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.0008 million USD per person | 0.0005 million USD per person | 0.0012 million USD per person | 9 |
| 2000s | 0.0028 million USD per person | 0.0015 million USD per person | 0.0046 million USD per person | 10 |
| 2010s | 0.003 million USD per person | 0.0021 million USD per person | 0.0036 million USD per person | 10 |
| 2020s | 0.0038 million USD per person | 0.0035 million USD per person | 0.0041 million USD per person | 5 |
Countries ranked near Latvia
- 57 Suriname 0.0042 million USD per person compare
- 58 Puerto Rico 0.0042 million USD per person compare
- 59 Croatia 0.0041 million USD per person compare
- 61 Turkey 0.0038 million USD per person compare
- 62 Turkmenistan 0.0037 million USD per person compare
- 63 Gabon 0.0037 million USD 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 us$, 2015 prices, per capita in Latvia?
- Gross fixed capital formation — value us$, 2015 prices, per capita in Latvia was 0.0039 million USD per person in 2024, according to Statizoid (derived).
- What is the highest gross fixed capital formation — value us$, 2015 prices, per capita recorded in Latvia?
- The highest recorded value was 0.0046 million USD per person in 2007.
- What is the lowest gross fixed capital formation — value us$, 2015 prices, per capita recorded in Latvia?
- The lowest recorded value was 0.0005 million USD per person in 1993.
- How does Latvia rank for gross fixed capital formation — value us$, 2015 prices, per capita?
- Latvia ranks 60th out of 194 countries with data for 2024.
- Is gross fixed capital formation — value us$, 2015 prices, per capita rising or falling in Latvia?
- Over the last ten years it is up 28.0%. 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 US$, 2015 prices, per capita. Statizoid updates them automatically from the source API.
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How this figure is calculated
Gross Fixed Capital Formation — Value US$, 2015 prices 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 US$, 2015 prices ÷ Population, total
Computed from
- Gross Fixed Capital Formation — Value US$, 2015 prices 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 US$, 2015 prices divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.