Gross fixed capital formation by NUTS 2 region for total economy and in Latvia
Latvia: Gross fixed capital formation by NUTS 2 region for total economy and was 9,718 in 2023. ▲ Rising
Gross fixed capital formation by NUTS 2 region for total economy and in Latvia, 2000–2023
Source: Eurostat.
Analysis
The most recent figure for gross fixed capital formation by nuts 2 region for total economy and in Latvia is 9,718, measured in 2023. That is the highest value across all 24 years on record.
That represents a change of up 16.9% on the previous year and up 77.0% over ten years.
Over the whole period, gross fixed capital formation by nuts 2 region for total economy and in Latvia peaked at 9,718 in 2023 and was at its lowest, 2,121, in 2000.
Latvia ranks 32nd of 42 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 24 years of available data.
Gross fixed capital formation by NUTS 2 region for total economy and in Latvia, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 2,121 | — |
| 2001 | 2,495 | +17.6% |
| 2002 | 2,391 | -4.1% |
| 2003 | 2,545 | +6.4% |
| 2004 | 3,306 | +29.9% |
| 2005 | 4,237 | +28.2% |
| 2006 | 5,810 | +37.1% |
| 2007 | 8,230 | +41.6% |
| 2008 | 7,805 | -5.2% |
| 2009 | 4,218 | -46.0% |
| 2010 | 3,430 | -18.7% |
| 2011 | 4,513 | +31.6% |
| 2012 | 5,746 | +27.3% |
| 2013 | 5,491 | -4.4% |
| 2014 | 5,389 | -1.9% |
| 2015 | 5,297 | -1.7% |
| 2016 | 4,941 | -6.7% |
| 2017 | 5,601 | +13.3% |
| 2018 | 6,448 | +15.1% |
| 2019 | 6,719 | +4.2% |
| 2020 | 6,730 | +0.2% |
| 2021 | 7,402 | +10.0% |
| 2022 | 8,309 | +12.3% |
| 2023 | 9,718 | +16.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 4,316 | 2,121 | 8,230 | 10 |
| 2010s | 5,357 | 3,430 | 6,719 | 10 |
| 2020s | 8,040 | 6,730 | 9,718 | 4 |
Countries ranked near Latvia
More reference data data for Latvia
- Exposure to extreme precipitation — Annual precipitation change 65.46 Millimetres per year (2023)
- Exposure to extreme temperature — Annual temperature change 1.43 Degrees celsius (2023)
- Cooling and heating degree days by NUTS 2 regions - monthly data 505.67 Number (2025)
- Cooling and heating degree days by NUTS 2 regions - annual data 3,617 Number (2025)
- IPAC Dashboard indicators — Geothermal 0 Index (2025)
- Africa's Development Dynamics (AfDD) Table 08 - Sectoral breakdown of 41.31 Percentage of GDP (2022)
- Africa's Development Dynamics (AfDD) Table 08 - Sectoral breakdown of 19.46 Percentage of GDP (2022)
- Africa's Development Dynamics (AfDD) Table 08 - Sectoral breakdown of 4.99 Percentage of GDP (2022)
- Africa's Development Dynamics (AfDD) Table 08 - Sectoral breakdown of 13.15 Percentage of GDP (2022)
- Africa's Development Dynamics (AfDD) Table 08 - Sectoral breakdown of 14.71 Percentage of GDP (2022)
Frequently asked questions
- What is gross fixed capital formation by nuts 2 region for total economy and in Latvia?
- Gross fixed capital formation by nuts 2 region for total economy and in Latvia was 9,718 in 2023, according to Eurostat.
- What is the highest gross fixed capital formation by nuts 2 region for total economy and recorded in Latvia?
- The highest recorded value was 9,718 in 2023.
- What is the lowest gross fixed capital formation by nuts 2 region for total economy and recorded in Latvia?
- The lowest recorded value was 2,121 in 2000.
- How does Latvia rank for gross fixed capital formation by nuts 2 region for total economy and?
- Latvia ranks 32nd out of 42 countries with data for 2023.
- Is gross fixed capital formation by nuts 2 region for total economy and rising or falling in Latvia?
- Over the last ten years it is up 77.0%. The long-run trend across the full record is rising.
- Where does this Latvia data come from?
- The figures come from Eurostat, published as part of Gross fixed capital formation by NUTS 2 region for total economy and general government. Statizoid updates them automatically from the source API.
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