Gross fixed capital formation, General government … General Percent in Latvia
Latvia: Gross fixed capital formation, General government … General Percent was 5.01 in 2019. ◆ Volatile
Gross fixed capital formation, General government, Constant prices in Latvia, 1990–2019
Source: International Monetary Fund.
Analysis
Latvia recorded 5.01 for gross fixed capital formation, general government, constant prices in 2019.
Compared with earlier readings it is down 10.9% on the previous year and down 3.1% over ten years.
Over the whole period, gross fixed capital formation, general government, constant prices in Latvia peaked at 5.63 in 2018 and was at its lowest, 0.605, in 1990.
Latvia ranks 50th of 173 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, General government … General Percent in Latvia, year by year
| Year | Value | Change |
|---|---|---|
| 1990 | 0.605 | — |
| 1991 | 0.7023 | +16.1% |
| 1992 | 1.12 | +59.7% |
| 1993 | 1.37 | +22.2% |
| 1994 | 1.42 | +3.3% |
| 1995 | 1.55 | +9.7% |
| 1996 | 1.98 | +27.5% |
| 1997 | 1.22 | -38.3% |
| 1998 | 1.22 | +0.1% |
| 1999 | 1.45 | +18.4% |
| 2000 | 1.53 | +5.7% |
| 2001 | 1.33 | -13.3% |
| 2002 | 1.39 | +4.8% |
| 2003 | 2.56 | +84.6% |
| 2004 | 3.33 | +29.9% |
| 2005 | 3.23 | -2.9% |
| 2006 | 4.23 | +30.9% |
| 2007 | 5.33 | +26.1% |
| 2008 | 5.03 | -5.6% |
| 2009 | 5.18 | +2.8% |
| 2010 | 4.85 | -6.3% |
| 2011 | 5.28 | +9.0% |
| 2012 | 5.11 | -3.2% |
| 2013 | 4.56 | -10.8% |
| 2014 | 4.58 | +0.5% |
| 2015 | 4.69 | +2.3% |
| 2016 | 3.52 | -24.9% |
| 2017 | 4.62 | +31.2% |
| 2018 | 5.63 | +21.8% |
| 2019 | 5.01 | -10.9% |
Latvia compared with similar countries
- Latvia's 5.01 is above the median for high income countries, which is 3.62, 1.4× the median. (58 countries reporting)
- Latvia's 5.01 is above the median for Europe & Central Asia, which is 3.44, 1.5× the median. (46 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1.26 | 0.605 | 1.98 | 10 |
| 2000s | 3.31 | 1.33 | 5.33 | 10 |
| 2010s | 4.79 | 3.52 | 5.63 | 10 |
Countries ranked near Latvia
More public sector data for Latvia
- Democracy, annual growth rate 0 % change on previous year (2025)
- Chief executive of the government is elected, annual growth rate 0 % change on previous year (2025)
- Elected parliament, annual growth rate 0 % change on previous year (2025)
- Men's universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote in practice, annual growth rate 0 % change on previous year (2025)
- Arms imports 19.00 million SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 5.36 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0002 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), annual growth rate -76.19 % change on previous year (2024)
Frequently asked questions
- What is gross fixed capital formation, general government, constant prices in Latvia?
- Gross fixed capital formation, general government, constant prices in Latvia was 5.01 in 2019, according to International Monetary Fund.
- What is the highest gross fixed capital formation, general government, constant prices recorded in Latvia?
- The highest recorded value was 5.63 in 2018.
- What is the lowest gross fixed capital formation, general government, constant prices recorded in Latvia?
- The lowest recorded value was 0.605 in 1990.
- How does Latvia rank for gross fixed capital formation, general government, constant prices?
- Latvia ranks 50th out of 173 countries with data for 2019.
- Is gross fixed capital formation, general government, constant prices rising or falling in Latvia?
- Over the last ten years it is down 3.1%. The long-run trend across the full record is volatile.
- Where does this Latvia data come from?
- The figures come from International Monetary Fund, published as part of Gross fixed capital formation, General government, Constant prices, Percent of GDP. Statizoid updates them automatically from the source API.
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About this data
This dataset provides comprehensive data for investment and capital stock for the general government, private sector and public-private partnerships, across the Fund member countries.