Gross capital formation in US dollars — all countries

Gross capital formation in US dollars — Latvia

Gross capital formation in US dollars in Latvia in 2025 — 11,695,691,585 US$. Ranked 76 in the world out of 131. Since 1995, the indicator has risen by 1,196.8%.

2025 11.7B US$ +23.84% vs 2024
World rank 76of 131
Period maximum 12.85B US$2007
Period minimum 902M US$1995

Trend over time

1995–2025 · US$

Gross capital formation in US dollars — Latvia, 1995–202505B10B15B199519982001200420072010201320162019202220251995: 901,873,930 US$1996: 1,133,224,860 US$1997: 1,354,852,407 US$1998: 1,820,137,019 US$1999: 1,652,978,621 US$2000: 1,937,454,229 US$2001: 2,318,037,833 US$2002: 2,647,088,449 US$2003: 3,485,871,357 US$2004: 4,752,214,128 US$2005: 5,933,087,741 US$2006: 8,545,856,534 US$2007: 12,846,718,643 US$2008: 12,621,714,662 US$2009: 5,963,320,823 US$2010: 4,912,234,682 US$2011: 7,115,487,062 US$2012: 7,765,976,733 US$2013: 7,374,974,818 US$2014: 7,468,157,860 US$2015: 6,362,142,189 US$2016: 5,899,583,280 US$2017: 6,675,308,665 US$2018: 7,937,707,795 US$2019: 7,724,919,302 US$2020: 7,395,465,096 US$2021: 9,821,831,540 US$2022: 9,375,474,203 US$2023: 10,562,968,366 US$2024: 9,444,516,432 US$2025: 11,695,691,585 US$
Change over the period: +10.79B (+1,196.82%) Average annual rate: 8.92 %

Comparison, 2025

How the value compares with the world and the groups this territory belongs to: Latvia

Latvia 11.7B US$
Northern Europe computed 1.47T US$
Gross capital formation in US dollars — Latvia, by year Latvia All countries CSV XLSX
Year US$ Change Change, %
2025 11.7B +2.25B +23.84%
2024 9.44B −1.12B −10.59%
2023 10.56B +1.19B +12.67%
2022 9.38B −446M −4.54%
2021 9.82B +2.43B +32.81%
2020 7.4B −329M −4.26%
2019 7.72B −213M −2.68%
2018 7.94B +1.26B +18.91%
2017 6.68B +776M +13.15%
2016 5.9B −463M −7.27%
2015 6.36B −1.11B −14.81%
2014 7.47B +93.18M +1.26%
2013 7.37B −391M −5.03%
2012 7.77B +650M +9.14%
2011 7.12B +2.2B +44.85%
2010 4.91B −1.05B −17.63%
2009 5.96B −6.66B −52.75%
2008 12.62B −225M −1.75%
2007 12.85B +4.3B +50.33%
2006 8.55B +2.61B +44.04%
2005 5.93B +1.18B +24.85%
2004 4.75B +1.27B +36.33%
2003 3.49B +839M +31.69%
2002 2.65B +329M +14.2%
2001 2.32B +381M +19.64%
2000 1.94B +284M +17.21%
1999 1.65B −167M −9.18%
1998 1.82B +465M +34.34%
1997 1.35B +222M +19.56%
1996 1.13B +231M +25.65%
1995 902M

About the indicator

Gross fixed capital formation and changes in inventories in current US dollars — what is commonly called investment in the economy. It covers the construction of buildings and structures, purchases of machinery and equipment, roads and networks, as well as the build-up of inventories. The word gross means that the wear of existing capital is not deducted: part of these outlays merely replaces what is retiring rather than adding to the stock.

Important: This concerns outlays on physical capital inside the country, not financial investment and not inflows of foreign capital.

Source: World Development Indicators (World Bank), license CC BY 4.0.