Net investment in nonfinancial assets (% of GDP) in Latvia
Latvia: Net investment in nonfinancial assets (% of GDP) 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 (% of GDP) 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% |
Latvia compared with similar countries
- Latvia's 5.1% is above the median for high income countries, which is 2.1%, 2.4× the median. (57 countries reporting)
- Latvia's 5.1% is above the median for Europe & Central Asia, which is 2.4%, 2.2× the median. (48 countries reporting)
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
- 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 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.