Gross fixed capital formation, General government, Constant prices in Latvia
Latvia: Gross fixed capital formation, General government, Constant prices was 2.96 in 2019. ◆ Volatile
Latest (2019)
2.96
Change on year
down 9.1%
World rank
93rd
of 173 countries
All-time high
3.26
in 2018
All-time low
0.0888
in 1960
Years of data
60
1960–2019
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 government, Constant prices 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% |
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
- 90 Lithuania 3.24 compare
- 91 Slovenia 3.09 compare
- 92 Tajikistan 2.97 compare
- 94 Lao People's Democratic Republic 2.95 compare
- 95 Luxembourg 2.94 compare
- 96 Paraguay 2.93 compare
More public sector data for Latvia
- Arms imports 10.00 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)
- Arms imports (SIPRI trend indicator values), gaps filled 10.00 million SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 763.99 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0324 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 13.71 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 1.43 billion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 674.92 SIPRI trend indicator values per square kilometre (2023)
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.
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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.