Gross Fixed Capital Formation — Value US$ in Latvia
Latvia: Gross Fixed Capital Formation — Value US$ was 10,094 million USD in 2024. ◆ Volatile
Gross Fixed Capital Formation — Value US$ in Latvia, 1991–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
Latvia recorded 10,094 million USD for gross fixed capital formation — value us$ in 2024.
That represents a change of down 4.3% on the previous year and up 40.9% over ten years.
Over the whole period, gross fixed capital formation — value us$ in Latvia peaked at 11,408 million USD in 2008 and was at its lowest, 550.95 million USD, in 1991.
Latvia ranks 101st of 219 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.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 999.86 million USD | 550.95 million USD | 1,677 million USD | 9 |
| 2000s | 5,430 million USD | 1,955 million USD | 11,408 million USD | 10 |
| 2010s | 6,555 million USD | 4,584 million USD | 7,619 million USD | 10 |
| 2020s | 9,177 million USD | 7,695 million USD | 10,549 million USD | 5 |
Countries ranked near Latvia
More economy & growth data for Latvia
- External balance on goods and services as a percent of gdp -4.58 (2025)
- Inflation of consumer prices 3.75 (2025)
- Gdp per capita worldbank constant usd 16,892 (2025)
- Manufacturing value added to gdp 9.99 (2025)
- Gdp worldbank constant usd 31.21 billion (2025)
- Gdp per capita in international and market dollars 16,892 (2025)
- DEC alternative conversion factor 0.885 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) 849.88 million current LCU (2024)
- Net secondary income (Net current transfers from abroad) 919.89 million current US$ (2024)
- Taxes less subsidies on products 5.62 billion current LCU (2025)
Frequently asked questions
- What is gross fixed capital formation — value us$ in Latvia?
- Gross fixed capital formation — value us$ in Latvia was 10,094 million USD in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross fixed capital formation — value us$ recorded in Latvia?
- The highest recorded value was 11,408 million USD in 2008.
- What is the lowest gross fixed capital formation — value us$ recorded in Latvia?
- The lowest recorded value was 550.95 million USD in 1991.
- How does Latvia rank for gross fixed capital formation — value us$?
- Latvia ranks 101st out of 219 countries with data for 2024.
- Is gross fixed capital formation — value us$ rising or falling in Latvia?
- Over the last ten years it is up 40.9%. The long-run trend across the full record is volatile.
- 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$. 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).