Gross Fixed Capital Formation — Value US$, per square kilometre in Latvia
Latvia: Gross Fixed Capital Formation — Value US$, per square kilometre was 0.1695 million USD per square kilometre in 2023. ◆ Volatile
Gross Fixed Capital Formation — Value US$, per square kilometre in Latvia, 1992–2023
Source: Statizoid (derived). Measured in million USD per square kilometre.
Analysis
Latvia recorded 0.1695 million USD per square kilometre for gross fixed capital formation — value us$, per square kilometre in 2023.
That represents a change of up 20.0% on the previous year and up 44.8% over ten years.
Over the whole period, gross fixed capital formation — value us$, per square kilometre in Latvia peaked at 0.1833 million USD per square kilometre in 2008 and was at its lowest, 0.0107 million USD per square kilometre, in 1992.
Latvia ranks 89th of 194 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Fixed Capital Formation — Value US$, per square kilometre in Latvia, year by year
| Year | million USD per square kilometre | Change |
|---|---|---|
| 1992 | 0.0107 million USD per square kilometre | — |
| 1993 | 0.0115 million USD per square kilometre | +7.2% |
| 1994 | 0.0128 million USD per square kilometre | +11.2% |
| 1995 | 0.012 million USD per square kilometre | -6.7% |
| 1996 | 0.0169 million USD per square kilometre | +41.5% |
| 1997 | 0.0179 million USD per square kilometre | +6.0% |
| 1998 | 0.027 million USD per square kilometre | +50.4% |
| 1999 | 0.027 million USD per square kilometre | +0.0% |
| 2000 | 0.0314 million USD per square kilometre | +16.6% |
| 2001 | 0.0358 million USD per square kilometre | +13.8% |
| 2002 | 0.0361 million USD per square kilometre | +1.0% |
| 2003 | 0.0458 million USD per square kilometre | +26.9% |
| 2004 | 0.0654 million USD per square kilometre | +42.7% |
| 2005 | 0.0839 million USD per square kilometre | +28.3% |
| 2006 | 0.116 million USD per square kilometre | +38.2% |
| 2007 | 0.1802 million USD per square kilometre | +55.4% |
| 2008 | 0.1833 million USD per square kilometre | +1.7% |
| 2009 | 0.0946 million USD per square kilometre | -48.4% |
| 2010 | 0.0737 million USD per square kilometre | -22.2% |
| 2011 | 0.1023 million USD per square kilometre | +38.8% |
| 2012 | 0.1178 million USD per square kilometre | +15.2% |
| 2013 | 0.117 million USD per square kilometre | -0.7% |
| 2014 | 0.1151 million USD per square kilometre | -1.7% |
| 2015 | 0.0945 million USD per square kilometre | -17.9% |
| 2016 | 0.0879 million USD per square kilometre | -7.0% |
| 2017 | 0.1018 million USD per square kilometre | +15.7% |
| 2018 | 0.1224 million USD per square kilometre | +20.3% |
| 2019 | 0.1209 million USD per square kilometre | -1.2% |
| 2020 | 0.1237 million USD per square kilometre | +2.3% |
| 2021 | 0.1407 million USD per square kilometre | +13.8% |
| 2022 | 0.1413 million USD per square kilometre | +0.4% |
| 2023 | 0.1695 million USD per square kilometre | +20.0% |
Latvia compared with similar countries
- Latvia's 0.1695 million USD per square kilometre is below the median for high income countries, which is 0.7652 million USD per square kilometre, 22% of the median. (73 countries reporting)
- Latvia's 0.1695 million USD per square kilometre is below the median for Europe & Central Asia, which is 0.3249 million USD per square kilometre, 52% of the median. (52 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.017 million USD per square kilometre | 0.0107 million USD per square kilometre | 0.027 million USD per square kilometre | 8 |
| 2000s | 0.0873 million USD per square kilometre | 0.0314 million USD per square kilometre | 0.1833 million USD per square kilometre | 10 |
| 2010s | 0.1053 million USD per square kilometre | 0.0737 million USD per square kilometre | 0.1224 million USD per square kilometre | 10 |
| 2020s | 0.1438 million USD per square kilometre | 0.1237 million USD per square kilometre | 0.1695 million USD per square kilometre | 4 |
Countries ranked near Latvia
- 86 Tonga 0.1924 million USD per square kilometre compare
- 87 Armenia 0.1783 million USD per square kilometre compare
- 88 Bulgaria 0.1763 million USD per square kilometre compare
- 90 New Caledonia 0.1631 million USD per square kilometre compare
- 91 Sao Tome and Principe 0.1581 million USD per square kilometre compare
- 92 Guatemala 0.1577 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$, per square kilometre in Latvia?
- Gross fixed capital formation — value us$, per square kilometre in Latvia was 0.1695 million USD per square kilometre in 2023, according to Statizoid (derived).
- What is the highest gross fixed capital formation — value us$, per square kilometre recorded in Latvia?
- The highest recorded value was 0.1833 million USD per square kilometre in 2008.
- What is the lowest gross fixed capital formation — value us$, per square kilometre recorded in Latvia?
- The lowest recorded value was 0.0107 million USD per square kilometre in 1992.
- How does Latvia rank for gross fixed capital formation — value us$, per square kilometre?
- Latvia ranks 89th out of 194 countries with data for 2023.
- Is gross fixed capital formation — value us$, per square kilometre rising or falling in Latvia?
- Over the last ten years it is up 44.8%. 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$, per square kilometre. Statizoid updates them automatically from the source API.
Download this data
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How this figure is calculated
Gross Fixed Capital Formation — Value US$ 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$ ÷ Land area (sq. km)
Computed from
- Gross Fixed Capital Formation — Value US$ 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$ 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.