Gross fixed capital formation, General … General Purchasing in Latvia
Latvia: Gross fixed capital formation, General … General Purchasing was 2.96 in 2019. ◆ Volatile
Gross fixed capital formation, General government, Constant prices in Latvia, 1960–2019
Source: International Monetary Fund.
Analysis
In 2019, gross fixed capital formation, general government, constant prices in Latvia stood at 2.96.
Compared with earlier readings it is down 9.1% on the previous year and up 24.1% over ten years.
Over the whole period, gross fixed capital formation, general government, constant prices in Latvia peaked at 3.26 in 2018 and was at its lowest, 0.0888, in 1960.
That places Latvia 93rd out of 173 countries with data for 2019, putting it 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 … General Purchasing in Latvia, year by year
| Year | Value | Change |
|---|---|---|
| 1960 | 0.0888 | — |
| 1961 | 0.0924 | +4.0% |
| 1962 | 0.0961 | +4.0% |
| 1963 | 0.0999 | +4.0% |
| 1964 | 0.1039 | +4.0% |
| 1965 | 0.1081 | +4.0% |
| 1966 | 0.1124 | +4.0% |
| 1967 | 0.1169 | +4.0% |
| 1968 | 0.1216 | +4.0% |
| 1969 | 0.1265 | +4.0% |
| 1970 | 0.1315 | +4.0% |
| 1971 | 0.1368 | +4.0% |
| 1972 | 0.1422 | +4.0% |
| 1973 | 0.1479 | +4.0% |
| 1974 | 0.1538 | +4.0% |
| 1975 | 0.16 | +4.0% |
| 1976 | 0.1664 | +4.0% |
| 1977 | 0.1731 | +4.0% |
| 1978 | 0.18 | +4.0% |
| 1979 | 0.1872 | +4.0% |
| 1980 | 0.1947 | +4.0% |
| 1981 | 0.2024 | +4.0% |
| 1982 | 0.2105 | +4.0% |
| 1983 | 0.219 | +4.0% |
| 1984 | 0.2277 | +4.0% |
| 1985 | 0.2368 | +4.0% |
| 1986 | 0.2463 | +4.0% |
| 1987 | 0.2562 | +4.0% |
| 1988 | 0.2664 | +4.0% |
| 1989 | 0.2771 | +4.0% |
| 1990 | 0.2882 | +4.0% |
| 1991 | 0.2997 | +4.0% |
| 1992 | 0.3117 | +4.0% |
| 1993 | 0.3241 | +4.0% |
| 1994 | 0.3371 | +4.0% |
| 1995 | 0.3668 | +8.8% |
| 1996 | 0.4796 | +30.8% |
| 1997 | 0.3219 | -32.9% |
| 1998 | 0.3426 | +6.4% |
| 1999 | 0.4168 | +21.7% |
| 2000 | 0.4654 | +11.7% |
| 2001 | 0.4291 | -7.8% |
| 2002 | 0.4814 | +12.2% |
| 2003 | 0.9636 | +100.2% |
| 2004 | 1.36 | +40.9% |
| 2005 | 1.46 | +7.5% |
| 2006 | 2.14 | +46.5% |
| 2007 | 2.97 | +38.7% |
| 2008 | 2.71 | -8.7% |
| 2009 | 2.39 | -11.8% |
| 2010 | 2.14 | -10.4% |
| 2011 | 2.48 | +16.0% |
| 2012 | 2.5 | +0.9% |
| 2013 | 2.28 | -8.7% |
| 2014 | 2.32 | +1.5% |
| 2015 | 2.47 | +6.4% |
| 2016 | 1.9 | -23.1% |
| 2017 | 2.57 | +35.5% |
| 2018 | 3.26 | +26.7% |
| 2019 | 2.96 | -9.1% |
Latvia compared with similar countries
- Latvia's 2.96 is below the median for high income countries, which is 10.94, 27% of the median. (58 countries reporting)
- Latvia's 2.96 is below the median for Europe & Central Asia, which is 9.15, 32% of the median. (46 countries reporting)
Biggest year-on-year movements
Years where Gross fixed capital formation, General … General Purchasing in Latvia changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2003 | +100.2% | 0.4814 | 0.9636 |
| 2006 | +46.5% | 1.46 | 2.14 |
| 2004 | +40.9% | 0.9636 | 1.36 |
| 1997 | -32.9% | 0.4796 | 0.3219 |
| 2007 | +38.7% | 2.14 | 2.97 |
| 2017 | +35.5% | 1.9 | 2.57 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 0.1067 | 0.0888 | 0.1265 | 10 |
| 1970s | 0.1579 | 0.1315 | 0.1872 | 10 |
| 1980s | 0.2337 | 0.1947 | 0.2771 | 10 |
| 1990s | 0.3488 | 0.2882 | 0.4796 | 10 |
| 2000s | 1.54 | 0.4291 | 2.97 | 10 |
| 2010s | 2.49 | 1.9 | 3.26 | 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)
- Universal right to vote in practice, annual growth rate 0 % change on previous year (2025)
- Elected parliament, annual growth rate 0 % change on previous year (2025)
- Universal right to vote, annual growth rate 0 % change on previous year (2025)
- Men's universal right to vote, annual growth rate 0 % change on previous year (2025)
- Democracy 7 (2025)
- Chief executive of the government is elected 1 (2025)
- Elected parliament 1 (2025)
- Men's universal right to vote 1 (2025)
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 2.96 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 3.26 in 2018.
- What is the lowest gross fixed capital formation, general government, constant prices recorded in Latvia?
- The lowest recorded value was 0.0888 in 1960.
- How does Latvia rank for gross fixed capital formation, general government, constant prices?
- Latvia ranks 93rd 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 up 24.1%. 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, Purchasing power parity (PPP) international dollar, ICP benchmark 2017. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 60 observations, free to reuse under IMF Terms and Conditions (attribution required).
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.