Latvia's gross capital formation (current LCU) was 10.35 billion in 2025, the latest year in the World Bank's World Development Indicators. That is up 80.5% from 5.73 billion in 2015 (6.08% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 10.35 billion | 2025 |
| Five years earlier | 6.47 billion | 2020 |
| Ten years earlier | 5.73 billion | 2015 |
| Highest | 10.35 billion | 2025 |
| Lowest | 632.39 million | 1995 |
| Average since 2016 | 7.74 billion | 2016–2025 |
| First recorded | 632.39 million |
What the numbers say
In 2025, Latvia's gross capital formation (current LCU) rose 18.6% on 2024 (from 8.73 billion to 10.35 billion).
Across the 29 yearly changes before that (1996 to 2024), the average change was +11.7% and a typical year strayed about 21.1% from that (the standard deviation). This year's change was 0.3 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
On record, the biggest yearly rise was 42.9% in 2006 and the biggest yearly fall was 50.3% in 2009. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2016 to 2025 the straight-line trend is upward, about 533.19 million a year. A straight line explains 90% of the movement over 10 observed years.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
In 2025, Latvia had the 118th highest value of the 130 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.
Closest to Latvia in the 2025 ranking
- Lesotho — 115th of 130: 14.38 billion
- Luxembourg — 116th of 130: 13.88 billion
- Djibouti — 117th of 130: 12.74 billion
- Estonia — 119th of 130: 10.34 billion
- El Salvador — 120th of 130: 9.67 billion
- Cyprus — 121st of 130: 7.03 billion
What this measures
Gross capital formation includes acquisitions less disposals of produced assets for purposes of fixed capital formation, inventories or valuables. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.
All 31 values
| Year | Gross capital formation (current LCU) |
|---|---|
| 2025 | 10,350,324,000 |
| 2024 | 8,725,690,000 |
| 2023 | 9,769,051,000 |
| 2022 | 8,903,173,000 |
| 2021 | 8,304,301,000 |
| 2020 | 6,474,777,000 |
| 2019 | 6,900,487,000 |
| 2018 | 6,721,434,000 |
| 2017 | 5,909,020,000 |
| 2016 | 5,329,810,000 |
Gross capital formation (current LCU) in nearby economies
- Albania — 628.23 billion (2024)
- Armenia — 2.74 trillion (2025)
- Austria — 121.33 billion (2025)
- Azerbaijan — 24.38 billion (2025)
- Belarus — 77.75 billion (2025)
- Belgium — 165.3 billion (2025)
- Bosnia and Herzegovina — 16.25 billion (2025)
- Bulgaria — 25.2 billion (2025)
- Croatia — 22.86 billion (2025)
- Cyprus — 7.03 billion (2025)
- Czechia
More economic policy & debt data for Latvia
- Adjusted savings, education expenditure (% of GNI) — 3.81% (2021)
- Adjusted savings, mineral depletion (current US$) — US$0 (2021)
- Net financial flows, IBRD (NFL, current US$) — −US$88.67 million (2016)
- GDP (current LCU) — 43.03 billion (2025)
- GDP, linked series (current LCU) — 43.03 billion (2025)
- GDP (constant 2015 US$) — US$31.21 billion (2025)
- GDP (constant LCU) — 32.21 billion (2025)
- GDP, PPP (current international $) — 85.25 billion (2025)
- GDP, PPP (constant 2021 international $) — 71.7 billion (2025)
- GDP per capita (current LCU) — 23,285 (2025)
Reading data like this
Questions people ask
- What is Latvia's gross capital formation (current LCU)?
- 10.35 billion in 2025, according to the World Bank (World Development Indicators).
- How has it changed since 1995?
- It is up 1,537% from 632.39 million in 1995 (9.77% a year on average, compounded). The highest value was 10.35 billion in 2025 and the lowest 632.39 million in 1995.
- How does Latvia rank?
- 118th highest of 130 economies with data for 2025.
- Is the latest change in gross capital formation (current LCU) unusual for Latvia?
- In 2025, Latvia's gross capital formation (current LCU) rose 18.6% on 2024 (from 8.73 billion to 10.35 billion). Across the 29 yearly changes before that (1996 to 2024), the average change was +11.7% and a typical year strayed about 21.1% from that (the standard deviation). This year's change was 0.3 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
Source
World Bank, World Development Indicators, indicator NE.GDI.TOTL.CN, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Organizations and/or Central Banks; National Accounts data files, Organisation for Economic Co-operation and Development (OECD); Staff estimates, World Bank (WB) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
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