Gross capital formation (% of GDP) — all countries

Gross capital formation (% of GDP) — Latvia

Gross capital formation (% of GDP) in Latvia in 2025 — 24.1%. Ranked 60 in the world out of 131. Since 1995, the indicator has risen by 8 pp.

2025 24.1% +2.6 pp vs 2024
World rank 60of 131
Period maximum 43.7%2007
Period minimum 16.1%1995

Trend over time

1995–2025 · % of GDP

Gross capital formation (% of GDP) — Latvia, 1995–20251020304050199519982001200420072010201320162019202220251995: 16.1%1996: 19.5%1997: 21.3%1998: 26.1%1999: 22.6%2000: 25%2001: 28.3%2002: 28.6%2003: 31%2004: 34.4%2005: 36.4%2006: 41.8%2007: 43.7%2008: 37%2009: 23.2%2010: 20.9%2011: 26.8%2012: 28.6%2013: 25.3%2014: 24.7%2015: 24.1%2016: 21.8%2017: 22.7%2018: 23.9%2019: 23.3%2020: 22.2%2021: 25.7%2022: 24.7%2023: 24.7%2024: 21.5%2025: 24.1%
Change over the period: +8 pp Annual average: 0.27 pp

Comparison, 2025

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

Latvia 24.1%
Northern Europe computed 21.3%
Gross capital formation (% of GDP) — Latvia, by year Latvia All countries CSV XLSX
Year % Change, pp
2025 24.1 +2.6 pp
2024 21.5 −3.2 pp
2023 24.7 +0 pp
2022 24.7 −1.1 pp
2021 25.7 +3.6 pp
2020 22.2 −1.2 pp
2019 23.3 −0.5 pp
2018 23.9 +1.2 pp
2017 22.7 +1 pp
2016 21.8 −2.4 pp
2015 24.1 −0.5 pp
2014 24.7 −0.6 pp
2013 25.3 −3.3 pp
2012 28.6 +1.9 pp
2011 26.8 +5.8 pp
2010 20.9 −2.3 pp
2009 23.2 −13.8 pp
2008 37 −6.7 pp
2007 43.7 +1.8 pp
2006 41.8 +5.4 pp
2005 36.4 +2 pp
2004 34.4 +3.4 pp
2003 31 +2.4 pp
2002 28.6 +0.3 pp
2001 28.3 +3.3 pp
2000 25 +2.4 pp
1999 22.6 −3.5 pp
1998 26.1 +4.8 pp
1997 21.3 +1.8 pp
1996 19.5 +3.5 pp
1995 16.1

About the indicator

Gross capital formation as a percent of GDP: outlays on fixed assets (buildings, structures, machinery, transport equipment, infrastructure), changes in inventories of material working assets and net acquisition of valuables. A steadily high rate of capital formation is a necessary condition for fast growth: during the economic surges of East Asia the indicator exceeded 35–40% of GDP.

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