Gross Fixed Capital Formation — Value US$, 2015 prices, per square in Latvia
Latvia: Gross Fixed Capital Formation — Value US$, 2015 prices, per square was 0.1251 million USD per square kilometre in 2023. ▲ Rising
Gross Fixed Capital Formation — Value US$, 2015 prices, per square in Latvia, 1992–2023
Source: Statizoid (derived). Measured in million USD per square kilometre.
Analysis
The most recent figure for gross fixed capital formation — value us$, 2015 prices, per square in Latvia is 0.1251 million USD per square kilometre, measured in 2023.
The figure is up 9.9% on the previous year and up 23.7% over ten years.
Over the whole period, gross fixed capital formation — value us$, 2015 prices, per square in Latvia peaked at 0.1633 million USD per square kilometre in 2007 and was at its lowest, 0.0212 million USD per square kilometre, in 1993.
Latvia ranks 92nd of 194 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 32 years of available data.
Gross Fixed Capital Formation — Value US$, 2015 prices, per square in Latvia, year by year
| Year | million USD per square kilometre | Change |
|---|---|---|
| 1992 | 0.0252 million USD per square kilometre | — |
| 1993 | 0.0212 million USD per square kilometre | -15.8% |
| 1994 | 0.0213 million USD per square kilometre | +0.8% |
| 1995 | 0.0232 million USD per square kilometre | +8.7% |
| 1996 | 0.031 million USD per square kilometre | +33.3% |
| 1997 | 0.0316 million USD per square kilometre | +1.9% |
| 1998 | 0.0461 million USD per square kilometre | +46.1% |
| 1999 | 0.0466 million USD per square kilometre | +1.1% |
| 2000 | 0.0562 million USD per square kilometre | +20.6% |
| 2001 | 0.0664 million USD per square kilometre | +18.1% |
| 2002 | 0.0648 million USD per square kilometre | -2.4% |
| 2003 | 0.0741 million USD per square kilometre | +14.3% |
| 2004 | 0.0943 million USD per square kilometre | +27.3% |
| 2005 | 0.1145 million USD per square kilometre | +21.4% |
| 2006 | 0.1333 million USD per square kilometre | +16.5% |
| 2007 | 0.1633 million USD per square kilometre | +22.5% |
| 2008 | 0.1441 million USD per square kilometre | -11.7% |
| 2009 | 0.0864 million USD per square kilometre | -40.0% |
| 2010 | 0.0708 million USD per square kilometre | -18.1% |
| 2011 | 0.0895 million USD per square kilometre | +26.5% |
| 2012 | 0.1074 million USD per square kilometre | +20.0% |
| 2013 | 0.1012 million USD per square kilometre | -5.8% |
| 2014 | 0.0974 million USD per square kilometre | -3.7% |
| 2015 | 0.0945 million USD per square kilometre | -3.0% |
| 2016 | 0.0885 million USD per square kilometre | -6.3% |
| 2017 | 0.0983 million USD per square kilometre | +11.0% |
| 2018 | 0.1096 million USD per square kilometre | +11.5% |
| 2019 | 0.1111 million USD per square kilometre | +1.3% |
| 2020 | 0.1084 million USD per square kilometre | -2.4% |
| 2021 | 0.1157 million USD per square kilometre | +6.8% |
| 2022 | 0.1138 million USD per square kilometre | -1.6% |
| 2023 | 0.1251 million USD per square kilometre | +9.9% |
Latvia compared with similar countries
- Latvia's 0.1251 million USD per square kilometre is below the median for high income countries, which is 0.6883 million USD per square kilometre, 18% of the median. (73 countries reporting)
- Latvia's 0.1251 million USD per square kilometre is below the median for Europe & Central Asia, which is 0.2754 million USD per square kilometre, 45% of the median. (52 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.0308 million USD per square kilometre | 0.0212 million USD per square kilometre | 0.0466 million USD per square kilometre | 8 |
| 2000s | 0.0997 million USD per square kilometre | 0.0562 million USD per square kilometre | 0.1633 million USD per square kilometre | 10 |
| 2010s | 0.0968 million USD per square kilometre | 0.0708 million USD per square kilometre | 0.1111 million USD per square kilometre | 10 |
| 2020s | 0.1157 million USD per square kilometre | 0.1084 million USD per square kilometre | 0.1251 million USD per square kilometre | 4 |
Countries ranked near Latvia
- 89 Azerbaijan 0.135 million USD per square kilometre compare
- 90 Guatemala 0.1255 million USD per square kilometre compare
- 91 Armenia 0.1254 million USD per square kilometre compare
- 93 Uzbekistan 0.1159 million USD per square kilometre compare
- 94 North Macedonia 0.1149 million USD per square kilometre compare
- 95 Bulgaria 0.1121 million USD 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 us$, 2015 prices, per square in Latvia?
- Gross fixed capital formation — value us$, 2015 prices, per square in Latvia was 0.1251 million USD per square kilometre in 2023, according to Statizoid (derived).
- What is the highest gross fixed capital formation — value us$, 2015 prices, per square recorded in Latvia?
- The highest recorded value was 0.1633 million USD per square kilometre in 2007.
- What is the lowest gross fixed capital formation — value us$, 2015 prices, per square recorded in Latvia?
- The lowest recorded value was 0.0212 million USD per square kilometre in 1993.
- How does Latvia rank for gross fixed capital formation — value us$, 2015 prices, per square?
- Latvia ranks 92nd out of 194 countries with data for 2023.
- Is gross fixed capital formation — value us$, 2015 prices, per square rising or falling in Latvia?
- Over the last ten years it is up 23.7%. 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$, 2015 prices, per square kilometre. Statizoid updates them automatically from the source API.
Download this data
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How this figure is calculated
Gross Fixed Capital Formation — Value US$, 2015 prices 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 US$, 2015 prices ÷ Land area (sq. km)
Computed from
- Gross Fixed Capital Formation — Value US$, 2015 prices 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 US$, 2015 prices 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.