Latvia - Gross capital formation
Gross capital formation (current US$)
The latest value for Gross capital formation (current US$) in Latvia was $7,535,366,000 as of 2020. Over the past 25 years, the value for this indicator has fluctuated between $12,915,110,000 in 2007 and $906,891,100 in 1995.
Definition: Gross capital formation (formerly gross domestic investment) consists of outlays on additions to the fixed assets of the economy plus net changes in the level of inventories. Fixed assets include 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. Inventories are stocks of goods held by firms to meet temporary or unexpected fluctuations in production or sales, and "work in progress." According to the 1993 SNA, net acquisitions of valuables are also considered capital formation. Data are in current U.S. dollars.
Source: World Bank national accounts data, and OECD National Accounts data files.
See also:
| Year | Value |
|---|---|
| 1995 | $906,891,100 |
| 1996 | $1,136,944,000 |
| 1997 | $1,374,483,000 |
| 1998 | $1,838,156,000 |
| 1999 | $1,663,881,000 |
| 2000 | $1,948,837,000 |
| 2001 | $2,331,810,000 |
| 2002 | $2,664,316,000 |
| 2003 | $3,510,438,000 |
| 2004 | $4,779,523,000 |
| 2005 | $5,965,797,000 |
| 2006 | $8,595,790,000 |
| 2007 | $12,915,110,000 |
| 2008 | $12,655,470,000 |
| 2009 | $5,936,255,000 |
| 2010 | $4,881,783,000 |
| 2011 | $7,074,503,000 |
| 2012 | $7,749,155,000 |
| 2013 | $7,352,005,000 |
| 2014 | $7,498,033,000 |
| 2015 | $6,477,342,000 |
| 2016 | $5,948,268,000 |
| 2017 | $6,714,363,000 |
| 2018 | $8,010,362,000 |
| 2019 | $7,978,674,000 |
| 2020 | $7,535,366,000 |
Gross capital formation (current LCU)
The value for Gross capital formation (current LCU) in Latvia was 6,597,261,000 as of 2020. As the graph below shows, over the past 25 years this indicator reached a maximum value of 9,442,238,000 in 2007 and a minimum value of 635,912,000 in 1995.
Definition: Gross capital formation (formerly gross domestic investment) consists of outlays on additions to the fixed assets of the economy plus net changes in the level of inventories. Fixed assets include land improvements (fences, ditches, drains, and so on); plant, machinery, and equipment purchases; and the construction of roads, railways, and the like, including schools, offices, hospitals, private residential dwellings, and commercial and industrial buildings. Inventories are stocks of goods held by firms to meet temporary or unexpected fluctuations in production or sales, and "work in progress." According to the 1993 SNA, net acquisitions of valuables are also considered capital formation. Data are in current local currency.
Source: World Bank national accounts data, and OECD National Accounts data files.
| Year | Value |
|---|---|
| 1995 | 635,912,000 |
| 1996 | 890,909,000 |
| 1997 | 1,136,148,000 |
| 1998 | 1,542,764,000 |
| 1999 | 1,385,347,000 |
| 2000 | 1,681,846,000 |
| 2001 | 2,083,239,000 |
| 2002 | 2,343,532,000 |
| 2003 | 2,854,337,000 |
| 2004 | 3,674,019,000 |
| 2005 | 4,793,518,000 |
| 2006 | 6,854,283,000 |
| 2007 | 9,442,238,000 |
| 2008 | 8,657,605,000 |
| 2009 | 4,270,542,000 |
| 2010 | 3,685,966,000 |
| 2011 | 5,089,081,000 |
| 2012 | 6,031,118,000 |
| 2013 | 5,537,230,000 |
| 2014 | 5,643,981,000 |
| 2015 | 5,838,005,000 |
| 2016 | 5,373,793,000 |
| 2017 | 5,943,591,000 |
| 2018 | 6,782,956,000 |
| 2019 | 7,127,160,000 |
| 2020 | 6,597,261,000 |
Gross capital formation (constant 2010 US$)
The latest value for Gross capital formation (constant 2010 US$) in Latvia was 8,935,830,000 as of 2020. Over the past 25 years, the value for this indicator has fluctuated between 11,600,940,000 in 2007 and 1,673,717,000 in 1995.
Definition: Gross capital formation (formerly gross domestic investment) consists of outlays on additions to the fixed assets of the economy plus net changes in the level of inventories. Fixed assets include 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. Inventories are stocks of goods held by firms to meet temporary or unexpected fluctuations in production or sales, and "work in progress." According to the 1993 SNA, net acquisitions of valuables are also considered capital formation. Data are in constant 2010 U.S. dollars.
Source: World Bank national accounts data, and OECD National Accounts data files.
See also:
| Year | Value |
|---|---|
| 1995 | 1,673,717,000 |
| 1996 | 2,133,015,000 |
| 1997 | 2,293,406,000 |
| 1998 | 3,324,679,000 |
| 1999 | 3,365,291,000 |
| 2000 | 3,541,291,000 |
| 2001 | 4,383,632,000 |
| 2002 | 4,670,606,000 |
| 2003 | 5,792,071,000 |
| 2004 | 7,060,636,000 |
| 2005 | 7,832,850,000 |
| 2006 | 9,815,155,000 |
| 2007 | 11,600,940,000 |
| 2008 | 9,946,792,000 |
| 2009 | 5,945,655,000 |
| 2010 | 4,829,405,000 |
| 2011 | 6,764,389,000 |
| 2012 | 7,083,525,000 |
| 2013 | 6,396,795,000 |
| 2014 | 6,122,671,000 |
| 2015 | 6,477,342,000 |
| 2016 | 6,417,364,000 |
| 2017 | 7,085,106,000 |
| 2018 | 8,092,495,000 |
| 2019 | 8,910,086,000 |
| 2020 | 8,935,830,000 |
Gross capital formation (annual % growth)
The value for Gross capital formation (annual % growth) in Latvia was 0.29 as of 2020. As the graph below shows, over the past 24 years this indicator reached a maximum value of 44.97 in 1998 and a minimum value of -40.23 in 2009.
Definition: Annual growth rate of gross capital formation based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. Gross capital formation (formerly gross domestic investment) consists of outlays on additions to the fixed assets of the economy plus net changes in the level of inventories. Fixed assets include 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. Inventories are stocks of goods held by firms to meet temporary or unexpected fluctuations in production or sales, and "work in progress." 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 |
|---|---|
| 1996 | 27.44 |
| 1997 | 7.52 |
| 1998 | 44.97 |
| 1999 | 1.22 |
| 2000 | 5.23 |
| 2001 | 23.79 |
| 2002 | 6.55 |
| 2003 | 24.01 |
| 2004 | 21.90 |
| 2005 | 10.94 |
| 2006 | 25.31 |
| 2007 | 18.19 |
| 2008 | -14.26 |
| 2009 | -40.23 |
| 2010 | -18.77 |
| 2011 | 40.07 |
| 2012 | 4.72 |
| 2013 | -9.69 |
| 2014 | -4.29 |
| 2015 | 5.79 |
| 2016 | -0.93 |
| 2017 | 10.41 |
| 2018 | 14.22 |
| 2019 | 10.10 |
| 2020 | 0.29 |
Gross capital formation (constant LCU)
The value for Gross capital formation (constant LCU) in Latvia was 8,053,831,000 as of 2020. As the graph below shows, over the past 25 years this indicator reached a maximum value of 10,455,880,000 in 2007 and a minimum value of 1,508,515,000 in 1995.
Definition: Gross capital formation (formerly gross domestic investment) consists of outlays on additions to the fixed assets of the economy plus net changes in the level of inventories. Fixed assets include 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. Inventories are stocks of goods held by firms to meet temporary or unexpected fluctuations in production or sales, and "work in progress." According to the 1993 SNA, net acquisitions of valuables are also considered capital formation. Data are in constant local currency.
Source: World Bank national accounts data, and OECD National Accounts data files.
| Year | Value |
|---|---|
| 1995 | 1,508,515,000 |
| 1996 | 1,922,479,000 |
| 1997 | 2,067,039,000 |
| 1998 | 2,996,521,000 |
| 1999 | 3,033,125,000 |
| 2000 | 3,191,753,000 |
| 2001 | 3,950,952,000 |
| 2002 | 4,209,601,000 |
| 2003 | 5,220,373,000 |
| 2004 | 6,363,726,000 |
| 2005 | 7,059,720,000 |
| 2006 | 8,846,364,000 |
| 2007 | 10,455,880,000 |
| 2008 | 8,965,008,000 |
| 2009 | 5,358,798,000 |
| 2010 | 4,352,725,000 |
| 2011 | 6,096,720,000 |
| 2012 | 6,384,356,000 |
| 2013 | 5,765,409,000 |
| 2014 | 5,518,341,000 |
| 2015 | 5,838,005,000 |
| 2016 | 5,783,947,000 |
| 2017 | 6,385,781,000 |
| 2018 | 7,293,737,000 |
| 2019 | 8,030,629,000 |
| 2020 | 8,053,831,000 |
Gross capital formation (% of GDP)
Gross capital formation (% of GDP) in Latvia was 22.36 as of 2020. Its highest value over the past 25 years was 41.59 in 2007, while its lowest value was 15.67 in 1995.
Definition: Gross capital formation (formerly gross domestic investment) consists of outlays on additions to the fixed assets of the economy plus net changes in the level of inventories. Fixed assets include 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. Inventories are stocks of goods held by firms to meet temporary or unexpected fluctuations in production or sales, and "work in progress." 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 | 15.67 |
| 1996 | 19.03 |
| 1997 | 21.06 |
| 1998 | 25.65 |
| 1999 | 22.09 |
| 2000 | 24.49 |
| 2001 | 27.88 |
| 2002 | 27.88 |
| 2003 | 29.82 |
| 2004 | 33.11 |
| 2005 | 35.09 |
| 2006 | 39.85 |
| 2007 | 41.59 |
| 2008 | 35.30 |
| 2009 | 22.48 |
| 2010 | 20.38 |
| 2011 | 25.75 |
| 2012 | 27.51 |
| 2013 | 24.34 |
| 2014 | 23.89 |
| 2015 | 23.76 |
| 2016 | 21.18 |
| 2017 | 22.03 |
| 2018 | 23.27 |
| 2019 | 23.26 |
| 2020 | 22.36 |
Classification
Topic: Economic Policy & Debt Indicators
Sub-Topic: National accounts
