Net investment in nonfinancial assets in Latvia
Latvia: Net investment in nonfinancial assets was 2.07 billion current LCU in 2024. ◆ Volatile
Net investment in nonfinancial assets in Latvia, 1994–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
The most recent figure for net investment in nonfinancial assets in Latvia is 2.07 billion current LCU, measured in 2024. That is the highest value across all 31 years on record.
That represents a change of up 40.2% on the previous year and up 264.1% over ten years.
Over the whole period, net investment in nonfinancial assets in Latvia peaked at 2.07 billion current LCU in 2024 and was at its lowest, 18.81 million current LCU, in 1994.
Latvia ranks 123rd of 156 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Net investment in nonfinancial assets in Latvia, year by year
| Year | current LCU | Change |
|---|---|---|
| 1994 | 18.81 million current LCU | — |
| 1995 | 47.82 million current LCU | +154.2% |
| 1996 | 71.27 million current LCU | +49.0% |
| 1997 | 44.40 million current LCU | -37.7% |
| 1998 | 57.30 million current LCU | +29.1% |
| 1999 | 62.24 million current LCU | +8.6% |
| 2000 | 67.38 million current LCU | +8.3% |
| 2001 | 58.59 million current LCU | -13.0% |
| 2002 | 55.83 million current LCU | -4.7% |
| 2003 | 174.53 million current LCU | +212.6% |
| 2004 | 259.62 million current LCU | +48.8% |
| 2005 | 312.14 million current LCU | +20.2% |
| 2006 | 622.68 million current LCU | +99.5% |
| 2007 | 844.88 million current LCU | +35.7% |
| 2008 | 586.51 million current LCU | -30.6% |
| 2009 | 266.76 million current LCU | -54.5% |
| 2010 | 258.94 million current LCU | -2.9% |
| 2011 | 497.61 million current LCU | +92.2% |
| 2012 | 570.21 million current LCU | +14.6% |
| 2013 | 515.34 million current LCU | -9.6% |
| 2014 | 567.48 million current LCU | +10.1% |
| 2015 | 844.74 million current LCU | +48.9% |
| 2016 | 647.76 million current LCU | -23.3% |
| 2017 | 725.15 million current LCU | +11.9% |
| 2018 | 1.03 billion current LCU | +42.5% |
| 2019 | 821.07 million current LCU | -20.6% |
| 2020 | 982.99 million current LCU | +19.7% |
| 2021 | 1.02 billion current LCU | +3.5% |
| 2022 | 1.31 billion current LCU | +29.2% |
| 2023 | 1.47 billion current LCU | +12.1% |
| 2024 | 2.07 billion current LCU | +40.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 50.31 million current LCU | 18.81 million current LCU | 71.27 million current LCU | 6 |
| 2000s | 324.89 million current LCU | 55.83 million current LCU | 844.88 million current LCU | 10 |
| 2010s | 648.20 million current LCU | 258.94 million current LCU | 1.03 billion current LCU | 10 |
| 2020s | 1.37 billion current LCU | 982.99 million current LCU | 2.07 billion current LCU | 5 |
Countries ranked near Latvia
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 net investment in nonfinancial assets in Latvia?
- Net investment in nonfinancial assets in Latvia was 2.07 billion current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net investment in nonfinancial assets recorded in Latvia?
- The highest recorded value was 2.07 billion current LCU in 2024.
- What is the lowest net investment in nonfinancial assets recorded in Latvia?
- The lowest recorded value was 18.81 million current LCU in 1994.
- How does Latvia rank for net investment in nonfinancial assets?
- Latvia ranks 123rd out of 156 countries with data for 2024.
- Is net investment in nonfinancial assets rising or falling in Latvia?
- Over the last ten years it is up 264.1%. The long-run trend across the full record is volatile.
- Where does this Latvia data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Net investment in nonfinancial assets (current LCU). Statizoid updates them automatically from the source API.
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About this data
Net investment in government nonfinancial assets includes fixed assets, inventories, valuables, and nonproduced assets. Nonfinancial assets are stores of value and provide benefits either through their use in the production of goods and services or in the form of property income and holding gains. Net investment in nonfinancial assets also includes consumption of fixed capital. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.