Gross Fixed Capital Formation — Value US$, 2015 prices, per unit of in Latvia
Latvia: Gross Fixed Capital Formation — Value US$, 2015 prices, per unit of was 0 million USD per US$ of GDP in 2024. ▼ Falling
Gross Fixed Capital Formation — Value US$, 2015 prices, per unit of in Latvia, 1995–2024
Source: Statizoid (derived). Measured in million USD per US$ of GDP.
Analysis
In 2024, gross fixed capital formation — value us$, 2015 prices, per unit of in Latvia stood at 0 million USD per US$ of GDP. That is the lowest value across all 30 years on record.
The figure is down 9.3% on the previous year and down 17.6% over ten years.
Over the whole period, gross fixed capital formation — value us$, 2015 prices, per unit of in Latvia peaked at 0 million USD per US$ of GDP in 2001 and was at its lowest, 0 million USD per US$ of GDP, in 2024.
Latvia ranks 124th of 193 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 30 years of available data.
Gross Fixed Capital Formation — Value US$, 2015 prices, per unit of in Latvia, year by year
| Year | million USD per US$ of GDP | Change |
|---|---|---|
| 1995 | 0 million USD per US$ of GDP | — |
| 1996 | 0 million USD per US$ of GDP | +28.9% |
| 1997 | 0 million USD per US$ of GDP | -6.9% |
| 1998 | 0 million USD per US$ of GDP | +33.0% |
| 1999 | 0 million USD per US$ of GDP | -3.7% |
| 2000 | 0 million USD per US$ of GDP | +13.8% |
| 2001 | 0 million USD per US$ of GDP | +11.9% |
| 2002 | 0 million USD per US$ of GDP | -13.6% |
| 2003 | 0 million USD per US$ of GDP | -6.0% |
| 2004 | 0 million USD per US$ of GDP | +3.5% |
| 2005 | 0 million USD per US$ of GDP | +3.0% |
| 2006 | 0 million USD per US$ of GDP | -7.1% |
| 2007 | 0 million USD per US$ of GDP | -14.9% |
| 2008 | 0 million USD per US$ of GDP | -23.9% |
| 2009 | 0 million USD per US$ of GDP | -20.3% |
| 2010 | 0 million USD per US$ of GDP | -10.4% |
| 2011 | 0 million USD per US$ of GDP | +11.7% |
| 2012 | 0 million USD per US$ of GDP | +17.6% |
| 2013 | 0 million USD per US$ of GDP | -12.4% |
| 2014 | 0 million USD per US$ of GDP | -7.3% |
| 2015 | 0 million USD per US$ of GDP | +11.5% |
| 2016 | 0 million USD per US$ of GDP | -9.0% |
| 2017 | 0 million USD per US$ of GDP | +2.4% |
| 2018 | 0 million USD per US$ of GDP | -1.4% |
| 2019 | 0 million USD per US$ of GDP | +1.8% |
| 2020 | 0 million USD per US$ of GDP | -3.3% |
| 2021 | 0 million USD per US$ of GDP | -6.7% |
| 2022 | 0 million USD per US$ of GDP | -1.1% |
| 2023 | 0 million USD per US$ of GDP | -2.4% |
| 2024 | 0 million USD per US$ of GDP | -9.3% |
Latvia compared with similar countries
- Latvia's 0 million USD per US$ of GDP is below the median for high income countries, which is 0 million USD per US$ of GDP, 95% of the median. (72 countries reporting)
- Latvia's 0 million USD per US$ of GDP is below the median for Europe & Central Asia, which is 0 million USD per US$ of GDP, 97% of the median. (52 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0 million USD per US$ of GDP | 0 million USD per US$ of GDP | 0 million USD per US$ of GDP | 5 |
| 2000s | 0 million USD per US$ of GDP | 0 million USD per US$ of GDP | 0 million USD per US$ of GDP | 10 |
| 2010s | 0 million USD per US$ of GDP | 0 million USD per US$ of GDP | 0 million USD per US$ of GDP | 10 |
| 2020s | 0 million USD per US$ of GDP | 0 million USD per US$ of GDP | 0 million USD per US$ of GDP | 5 |
Countries ranked near Latvia
- 121 Cameroon 0 million USD per US$ of GDP compare
- 122 Canada 0 million USD per US$ of GDP compare
- 123 Montenegro 0 million USD per US$ of GDP compare
- 125 Palestine 0 million USD per US$ of GDP compare
- 126 Romania 0 million USD per US$ of GDP compare
- 127 Lithuania 0 million USD 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 us$, 2015 prices, per unit of in Latvia?
- Gross fixed capital formation — value us$, 2015 prices, per unit of in Latvia was 0 million USD per US$ of GDP in 2024, according to Statizoid (derived).
- What is the highest gross fixed capital formation — value us$, 2015 prices, per unit of recorded in Latvia?
- The highest recorded value was 0 million USD per US$ of GDP in 2001.
- What is the lowest gross fixed capital formation — value us$, 2015 prices, per unit of recorded in Latvia?
- The lowest recorded value was 0 million USD per US$ of GDP in 2024.
- How does Latvia rank for gross fixed capital formation — value us$, 2015 prices, per unit of?
- Latvia ranks 124th out of 193 countries with data for 2024.
- Is gross fixed capital formation — value us$, 2015 prices, per unit of rising or falling in Latvia?
- Over the last ten years it is down 17.6%. The long-run trend across the full record is falling.
- Where does this Latvia data come from?
- The figures come from Statizoid (derived), published as part of Gross Fixed Capital Formation — Value US$, 2015 prices, per unit of GDP. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 30 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
Gross Fixed Capital Formation — Value US$, 2015 prices divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Gross Fixed Capital Formation — Value US$, 2015 prices ÷ GDP (current US$)
Computed from
- Gross Fixed Capital Formation — Value US$, 2015 prices 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 US$, 2015 prices divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.