Gross Fixed Capital Formation — Value US$, per capita in Latvia
Latvia: Gross Fixed Capital Formation — Value US$, per capita was 0.0054 million USD per person in 2024. ◆ Volatile
Gross Fixed Capital Formation — Value US$, per capita in Latvia, 1991–2024
Source: Statizoid (derived). Measured in million USD per person.
Analysis
The most recent figure for gross fixed capital formation — value us$, per capita in Latvia is 0.0054 million USD per person, measured in 2024.
Compared with earlier readings it is down 3.4% on the previous year and up 50.6% over ten years.
Over the whole period, gross fixed capital formation — value us$, per capita in Latvia peaked at 0.0056 million USD per person in 2023 and was at its lowest, 0.0002 million USD per person, in 1991.
Latvia ranks 57th of 194 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Fixed Capital Formation — Value US$, per capita in Latvia, year by year
| Year | million USD per person | Change |
|---|---|---|
| 1991 | 0.0002 million USD per person | — |
| 1992 | 0.0003 million USD per person | +23.0% |
| 1993 | 0.0003 million USD per person | +9.4% |
| 1994 | 0.0003 million USD per person | +13.1% |
| 1995 | 0.0003 million USD per person | -5.3% |
| 1996 | 0.0004 million USD per person | +43.1% |
| 1997 | 0.0005 million USD per person | +7.1% |
| 1998 | 0.0007 million USD per person | +51.8% |
| 1999 | 0.0007 million USD per person | +0.8% |
| 2000 | 0.0008 million USD per person | +17.7% |
| 2001 | 0.001 million USD per person | +15.3% |
| 2002 | 0.001 million USD per person | +2.2% |
| 2003 | 0.0012 million USD per person | +28.2% |
| 2004 | 0.0018 million USD per person | +44.3% |
| 2005 | 0.0023 million USD per person | +29.7% |
| 2006 | 0.0033 million USD per person | +39.5% |
| 2007 | 0.0051 million USD per person | +56.6% |
| 2008 | 0.0052 million USD per person | +2.8% |
| 2009 | 0.0027 million USD per person | -47.5% |
| 2010 | 0.0022 million USD per person | -20.5% |
| 2011 | 0.0031 million USD per person | +41.4% |
| 2012 | 0.0036 million USD per person | +16.7% |
| 2013 | 0.0036 million USD per person | +0.4% |
| 2014 | 0.0036 million USD per person | -0.7% |
| 2015 | 0.003 million USD per person | -17.2% |
| 2016 | 0.0028 million USD per person | -6.1% |
| 2017 | 0.0033 million USD per person | +16.8% |
| 2018 | 0.004 million USD per person | +21.3% |
| 2019 | 0.0039 million USD per person | -0.5% |
| 2020 | 0.004 million USD per person | +3.0% |
| 2021 | 0.0046 million USD per person | +14.8% |
| 2022 | 0.0047 million USD per person | +0.6% |
| 2023 | 0.0056 million USD per person | +19.7% |
| 2024 | 0.0054 million USD per person | -3.4% |
Latvia compared with similar countries
- Latvia's 0.0054 million USD per person is below the median for high income countries, which is 0.0085 million USD per person, 64% of the median. (73 countries reporting)
- Latvia's 0.0054 million USD per person is below the median for Europe & Central Asia, which is 0.0056 million USD per person, 96% of the median. (52 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.0004 million USD per person | 0.0002 million USD per person | 0.0007 million USD per person | 9 |
| 2000s | 0.0024 million USD per person | 0.0008 million USD per person | 0.0052 million USD per person | 10 |
| 2010s | 0.0033 million USD per person | 0.0022 million USD per person | 0.004 million USD per person | 10 |
| 2020s | 0.0049 million USD per person | 0.004 million USD per person | 0.0056 million USD per person | 5 |
Countries ranked near Latvia
- 54 Puerto Rico 0.0056 million USD per person compare
- 55 Hungary 0.0055 million USD per person compare
- 56 Cyprus 0.0055 million USD per person compare
- 58 Grenada 0.0052 million USD per person compare
- 59 Romania 0.0052 million USD per person compare
- 60 Turks and Caicos Islands 0.0051 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$, per capita in Latvia?
- Gross fixed capital formation — value us$, per capita in Latvia was 0.0054 million USD per person in 2024, according to Statizoid (derived).
- What is the highest gross fixed capital formation — value us$, per capita recorded in Latvia?
- The highest recorded value was 0.0056 million USD per person in 2023.
- What is the lowest gross fixed capital formation — value us$, per capita recorded in Latvia?
- The lowest recorded value was 0.0002 million USD per person in 1991.
- How does Latvia rank for gross fixed capital formation — value us$, per capita?
- Latvia ranks 57th out of 194 countries with data for 2024.
- Is gross fixed capital formation — value us$, per capita rising or falling in Latvia?
- Over the last ten years it is up 50.6%. The long-run trend across the full record is volatile.
- Where does this Latvia data come from?
- The figures come from Statizoid (derived), published as part of Gross Fixed Capital Formation — Value US$, per capita. Statizoid updates them automatically from the source API.
Download this data
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How this figure is calculated
Gross Fixed Capital Formation — Value US$ 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$ ÷ Population, total
Computed from
- Gross Fixed Capital Formation — Value US$ 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$ divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.