Gross Fixed Capital Formation — Value US$, 2015 prices in Latvia
Latvia: Gross Fixed Capital Formation — Value US$, 2015 prices was 7,263 million USD in 2024. ▲ Rising
Gross Fixed Capital Formation — Value US$, 2015 prices in Latvia, 1991–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
Latvia recorded 7,263 million USD for gross fixed capital formation — value us$, 2015 prices in 2024.
Compared with earlier readings it is down 6.7% on the previous year and up 19.8% over ten years.
Over the whole period, gross fixed capital formation — value us$, 2015 prices in Latvia peaked at 10,161 million USD in 2007 and was at its lowest, 1,318 million USD, in 1993.
Latvia ranks 99th of 200 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 34 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1,946 million USD | 1,318 million USD | 2,900 million USD | 9 |
| 2000s | 6,206 million USD | 3,497 million USD | 10,161 million USD | 10 |
| 2010s | 6,026 million USD | 4,403 million USD | 6,911 million USD | 10 |
| 2020s | 7,215 million USD | 6,743 million USD | 7,786 million USD | 5 |
Countries ranked near Latvia
More economy & growth data for Latvia
- Special drawing rights per domestic currency (End-of-period (EoP)) 1.26 (2013)
- Domestic currency per Special drawing rights (End-of-period (EoP)) 0.7931 (2013)
- Domestic currency per US dollar (End-of-period (EoP)) 0.515 (2013)
- US dollar per domestic currency (End-of-period (EoP)) 1.94 (2013)
- Gdp worldbank constant usd, annual growth rate 2.14 % change on previous year (2025)
- Gdp worldbank constant usd, per unit of GDP 0.642 units per US$ of GDP (2025)
- Gdp worldbank constant usd, per capita 16,892 units per person (2025)
- Manufacturing value added to gdp, per unit of GDP 0 units per US$ of GDP (2025)
- Manufacturing value added to gdp, per capita 0 units per person (2025)
- External balance on goods and services as a percent of gdp -4.58 (2025)
Frequently asked questions
- What is gross fixed capital formation — value us$, 2015 prices in Latvia?
- Gross fixed capital formation — value us$, 2015 prices in Latvia was 7,263 million USD in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross fixed capital formation — value us$, 2015 prices recorded in Latvia?
- The highest recorded value was 10,161 million USD in 2007.
- What is the lowest gross fixed capital formation — value us$, 2015 prices recorded in Latvia?
- The lowest recorded value was 1,318 million USD in 1993.
- How does Latvia rank for gross fixed capital formation — value us$, 2015 prices?
- Latvia ranks 99th out of 200 countries with data for 2024.
- Is gross fixed capital formation — value us$, 2015 prices rising or falling in Latvia?
- Over the last ten years it is up 19.8%. The long-run trend across the full record is rising.
- Where does this Latvia data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Gross Fixed Capital Formation — Value US$, 2015 prices. Statizoid updates them automatically from the source API.
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About this data
The FAOSTAT Macro Indicators database provides a selection of country-level macro indicators relating to total economy (Gross Domestic Product, Gross Fixed Capital Formation); agriculture activity; agriculture, forestry and fishing activity; total manufacturing activity; manufacturing of food products and beverages activity; manufacturing activity of tobacco products; and manufacturing activity of food, beverage and tobacco products.It releases time series for a selection of National Accounts variables, including gross domestic product, gross fixed capital formation, industry-level value added and gross output. The database also proposes additional indicators such as gross domestic product per capita, year-on-year growth rates and measures of industry contribution to gross domestic product. All data relating to Gross Domestic Product, Gross Fixed Capital Formation, agriculture, forestry and fishing activity, and to total manufacturing activity originates from the United Nations Statistics Division (UNSD) National Accounts Estimates of Main Aggregates database, which consists of a complete and consistent set of time series of the main National Accounts aggregates of all UN Members States and other territories in the world for which National Accounts information is available. The UNSD database's content is based on the countries' official National Accounts data reported to UNSD through the annual National Accounts Questionnaire, supplemented with data estimates for any years and countries with incomplete or inconsistent information (See http://unstats.un.org/unsd/snaama/Introduction.asp). Data series relating to the sub-industry Agriculture activity are obtained from the UNSD national accounts Official Country Data databases while series on the Manufacturing activity of food and beverages products, manufacturing activity of tobacco products and manufacturing activity of food, beverages and tobacco products originates from the United Nations Industrial Development Organization (UNIDO) INDSTAT2 database. In order to ensure that sub-industry series are consistent in levels with National Accounts based series, which is needed to support comparability across industries (agriculture vs. agro-industry and sub-industries), UNIDO originating series are rescaled on UNSD National Accounts Estimates of Main Aggregates data series (See Section 17.5 for a more detailed description of the data processing steps).