Gross fixed capital … General government Domestic annual growth rate in Latvia
Latvia: Gross fixed capital … General government Domestic annual growth rate was -6.63 % change on previous year in 2019. ◆ Volatile
Gross fixed capital formation, General government, Current prices in Latvia, 1996–2019
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2019, gross fixed capital formation, general government, current prices in Latvia stood at -6.63 % change on previous year.
That represents a change of down 121.1% on the previous year and up 75.6% over ten years.
Over the whole period, gross fixed capital formation, general government, current prices in Latvia peaked at 108.85 % change on previous year in 2003 and was at its lowest, -27.19 % change on previous year, in 2009.
That places Latvia 133rd out of 174 countries with data for 2019, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross fixed capital … General government Domestic annual growth rate in Latvia, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1996 | 40.91 % change on previous year | — |
| 1997 | -27.11 % change on previous year | -166.3% |
| 1998 | 12.16 % change on previous year | -144.8% |
| 1999 | 16.58 % change on previous year | +36.4% |
| 2000 | 9.49 % change on previous year | -42.8% |
| 2001 | -8.76 % change on previous year | -192.3% |
| 2002 | 17.75 % change on previous year | -302.5% |
| 2003 | 108.85 % change on previous year | +513.4% |
| 2004 | 47.45 % change on previous year | -56.4% |
| 2005 | 18.75 % change on previous year | -60.5% |
| 2006 | 76.14 % change on previous year | +306.0% |
| 2007 | 59.97 % change on previous year | -21.2% |
| 2008 | -3.36 % change on previous year | -105.6% |
| 2009 | -27.19 % change on previous year | +708.2% |
| 2010 | -8.93 % change on previous year | -67.2% |
| 2011 | 21.64 % change on previous year | -342.4% |
| 2012 | 7.59 % change on previous year | -64.9% |
| 2013 | -7.61 % change on previous year | -200.3% |
| 2014 | 3.01 % change on previous year | -139.6% |
| 2015 | 8.29 % change on previous year | +175.2% |
| 2016 | -23.58 % change on previous year | -384.5% |
| 2017 | 37.97 % change on previous year | -261.0% |
| 2018 | 31.48 % change on previous year | -17.1% |
| 2019 | -6.63 % change on previous year | -121.1% |
Latvia compared with similar countries
- Latvia's -6.63 % change on previous year is below the median for high income countries, which is 3.63 % change on previous year. (58 countries reporting)
- Latvia's -6.63 % change on previous year is below the median for Europe & Central Asia, which is 6.14 % change on previous year. (46 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 10.64 % change on previous year | -27.11 % change on previous year | 40.91 % change on previous year | 4 |
| 2000s | 29.91 % change on previous year | -27.19 % change on previous year | 108.85 % change on previous year | 10 |
| 2010s | 6.32 % change on previous year | -23.58 % change on previous year | 37.97 % change on previous year | 10 |
Countries ranked near Latvia
- 130 West Bank and Gaza -5.06 % change on previous year compare
- 131 South Africa -5.71 % change on previous year compare
- 132 Angola -6.18 % change on previous year compare
- 134 Botswana -7.78 % change on previous year compare
- 135 Saudi Arabia -8.24 % change on previous year compare
- 136 Bhutan -8.46 % change on previous year compare
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, current prices in Latvia?
- Gross fixed capital formation, general government, current prices in Latvia was -6.63 % change on previous year in 2019, according to Statizoid (derived).
- What is the highest gross fixed capital formation, general government, current prices recorded in Latvia?
- The highest recorded value was 108.85 % change on previous year in 2003.
- What is the lowest gross fixed capital formation, general government, current prices recorded in Latvia?
- The lowest recorded value was -27.19 % change on previous year in 2009.
- How does Latvia rank for gross fixed capital formation, general government, current prices?
- Latvia ranks 133rd out of 174 countries with data for 2019.
- Is gross fixed capital formation, general government, current prices rising or falling in Latvia?
- Over the last ten years it is up 75.6%. The long-run trend across the full record is volatile.
- Where does this Latvia data come from?
- The figures come from Statizoid (derived), published as part of Gross fixed capital formation, General government, Current prices, Domestic currency, annual growth rate. Statizoid updates them automatically from the source API.
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How this figure is calculated
The year-on-year percentage change in Gross fixed capital formation, General government, Current prices, Domestic currency. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross fixed capital formation, General government, Current prices International Monetary Fund
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
The year-on-year percentage change in Gross fixed capital formation, General government, Current prices, Domestic currency. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.