Gross Fixed Capital Formation — Value US$, per unit of GDP in Latvia
Latvia: Gross Fixed Capital Formation — Value US$, per unit of GDP was 0 million USD per US$ of GDP in 2024. ▬ Flat
Gross Fixed Capital Formation — Value US$, per unit of GDP in Latvia, 1995–2024
Source: Statizoid (derived). Measured in million USD per US$ of GDP.
Analysis
The most recent figure for gross fixed capital formation — value us$, per unit of gdp in Latvia is 0 million USD per US$ of GDP, measured in 2024.
Compared with earlier readings it is down 7.0% on the previous year and down 3.0% over ten years.
Over the whole period, gross fixed capital formation — value us$, per unit of gdp in Latvia peaked at 0 million USD per US$ of GDP in 2007 and was at its lowest, 0 million USD per US$ of GDP, in 1995.
That places Latvia 82nd out of 193 countries with data for 2024, putting it in the middle of the range.
Gross Fixed Capital Formation — Value US$, per unit of GDP in Latvia, year by year
| Year | million USD per US$ of GDP | Change |
|---|---|---|
| 1995 | 0 million USD per US$ of GDP | — |
| 1996 | 0 million USD per US$ of GDP | +36.8% |
| 1997 | 0 million USD per US$ of GDP | -3.2% |
| 1998 | 0 million USD per US$ of GDP | +36.9% |
| 1999 | 0 million USD per US$ of GDP | -4.8% |
| 2000 | 0 million USD per US$ of GDP | +10.0% |
| 2001 | 0 million USD per US$ of GDP | +7.8% |
| 2002 | 0 million USD per US$ of GDP | -10.5% |
| 2003 | 0 million USD per US$ of GDP | +4.4% |
| 2004 | 0 million USD per US$ of GDP | +16.0% |
| 2005 | 0 million USD per US$ of GDP | +8.8% |
| 2006 | 0 million USD per US$ of GDP | +10.3% |
| 2007 | 0 million USD per US$ of GDP | +7.9% |
| 2008 | 0 million USD per US$ of GDP | -12.3% |
| 2009 | 0 million USD per US$ of GDP | -31.4% |
| 2010 | 0 million USD per US$ of GDP | -14.8% |
| 2011 | 0 million USD per US$ of GDP | +22.6% |
| 2012 | 0 million USD per US$ of GDP | +12.9% |
| 2013 | 0 million USD per US$ of GDP | -7.6% |
| 2014 | 0 million USD per US$ of GDP | -5.3% |
| 2015 | 0 million USD per US$ of GDP | -5.6% |
| 2016 | 0 million USD per US$ of GDP | -9.6% |
| 2017 | 0 million USD per US$ of GDP | +6.8% |
| 2018 | 0 million USD per US$ of GDP | +6.4% |
| 2019 | 0 million USD per US$ of GDP | -0.8% |
| 2020 | 0 million USD per US$ of GDP | +1.4% |
| 2021 | 0 million USD per US$ of GDP | -0.5% |
| 2022 | 0 million USD per US$ of GDP | +0.8% |
| 2023 | 0 million USD per US$ of GDP | +6.6% |
| 2024 | 0 million USD per US$ of GDP | -7.0% |
Latvia compared with similar countries
- Latvia's 0 million USD per US$ of GDP is above the median for high income countries, which is 0 million USD per US$ of GDP, 1.0× the median. (72 countries reporting)
- Latvia's 0 million USD per US$ of GDP is above the median for Europe & Central Asia, which is 0 million USD per US$ of GDP, 1.0× 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
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$, per unit of gdp in Latvia?
- Gross fixed capital formation — value us$, per unit of gdp 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$, per unit of gdp recorded in Latvia?
- The highest recorded value was 0 million USD per US$ of GDP in 2007.
- What is the lowest gross fixed capital formation — value us$, per unit of gdp recorded in Latvia?
- The lowest recorded value was 0 million USD per US$ of GDP in 1995.
- How does Latvia rank for gross fixed capital formation — value us$, per unit of gdp?
- Latvia ranks 82nd out of 193 countries with data for 2024.
- Is gross fixed capital formation — value us$, per unit of gdp rising or falling in Latvia?
- Over the last ten years it is down 3.0%. The long-run trend across the full record is flat.
- Where does this Latvia data come from?
- The figures come from Statizoid (derived), published as part of Gross Fixed Capital Formation — Value US$, per unit of GDP. Statizoid updates them automatically from the source API.
Download this data
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How this figure is calculated
Gross Fixed Capital Formation — Value US$ divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Gross Fixed Capital Formation — Value US$ ÷ GDP (current US$)
Computed from
- Gross Fixed Capital Formation — Value US$ 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$ divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.