Net investment in nonfinancial assets in Latvia
Latvia: Net investment in nonfinancial assets was 5.1% in 2024. ▲ Rising
Net investment in nonfinancial assets in Latvia, 1994–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
In 2024, net investment in nonfinancial assets in Latvia stood at 5.1%. That is the highest value across all 31 years on record.
The figure is up 36.4% on the previous year and up 104.1% over ten years.
Over the whole period, net investment in nonfinancial assets in Latvia peaked at 5.1% in 2024 and was at its lowest, 0.6%, in 1994.
That places Latvia 39th out of 156 countries with data for 2024, putting it in the top quarter.
The long-run direction has been consistently rising across the 31 years of available data.
Net investment in nonfinancial assets in Latvia, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1994 | 0.6% | — |
| 1995 | 1.2% | +98.5% |
| 1996 | 1.6% | +29.0% |
| 1997 | 0.8% | -46.1% |
| 1998 | 1.0% | +15.7% |
| 1999 | 1.0% | +4.3% |
| 2000 | 1.0% | -1.4% |
| 2001 | 0.8% | -20.4% |
| 2002 | 0.7% | -14.3% |
| 2003 | 1.9% | +178.2% |
| 2004 | 2.4% | +28.0% |
| 2005 | 2.4% | -2.5% |
| 2006 | 3.8% | +60.4% |
| 2007 | 3.9% | +2.8% |
| 2008 | 2.5% | -36.1% |
| 2009 | 1.4% | -42.5% |
| 2010 | 1.5% | +1.2% |
| 2011 | 2.6% | +78.1% |
| 2012 | 2.7% | +3.8% |
| 2013 | 2.3% | -13.1% |
| 2014 | 2.5% | +6.1% |
| 2015 | 3.6% | +42.9% |
| 2016 | 2.6% | -25.7% |
| 2017 | 2.8% | +5.4% |
| 2018 | 3.7% | +31.7% |
| 2019 | 2.8% | -24.4% |
| 2020 | 3.4% | +21.1% |
| 2021 | 3.2% | -6.3% |
| 2022 | 3.6% | +15.6% |
| 2023 | 3.7% | +2.3% |
| 2024 | 5.1% | +36.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1.0% | 0.6% | 1.6% | 6 |
| 2000s | 2.1% | 0.7% | 3.9% | 10 |
| 2010s | 2.7% | 1.5% | 3.7% | 10 |
| 2020s | 3.8% | 3.2% | 5.1% | 5 |
Countries ranked near Latvia
- 36 Zambia 5.2% compare
- 37 Cambodia 5.2% compare
- 38 Saint Kitts and Nevis 5.1% compare
- 40 Philippines 5.0% compare
- 41 Mali 5.0% compare
- 42 Kyrgyzstan 5.0% 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 net investment in nonfinancial assets in Latvia?
- Net investment in nonfinancial assets in Latvia was 5.1% 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 5.1% in 2024.
- What is the lowest net investment in nonfinancial assets recorded in Latvia?
- The lowest recorded value was 0.6% in 1994.
- How does Latvia rank for net investment in nonfinancial assets?
- Latvia ranks 39th 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 104.1%. The long-run trend across the full record is rising.
- 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 (% of GDP). 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 as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.