Latvia - Gross fixed capital formation (% of GDP)

Gross fixed capital formation (% of GDP) in Latvia was 24.46 as of 2020. Its highest value over the past 25 years was 36.20 in 2007, while its lowest value was 14.18 in 1995.

Definition: Gross fixed capital formation (formerly gross domestic fixed investment) includes land improvements (fences, ditches, drains, and so on); plant, machinery, and equipment purchases; and the construction of roads, railways, and the like, including schools, offices, hospitals, private residential dwellings, and commercial and industrial buildings. According to the 1993 SNA, net acquisitions of valuables are also considered capital formation.

Source: World Bank national accounts data, and OECD National Accounts data files.

See also:

Year Value
1995 14.18
1996 17.77
1997 17.60
1998 23.80
1999 22.85
2000 24.98
2001 27.12
2002 24.31
2003 24.68
2004 28.60
2005 31.02
2006 33.86
2007 36.20
2008 31.86
2009 22.23
2010 19.05
2011 23.00
2012 26.03
2013 24.28
2014 22.80
2015 21.86
2016 19.31
2017 20.60
2018 22.12
2019 23.17
2020 24.46

Aggregation method: Weighted average

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts