Quarterly GFCF by asset — Gross fixed capital formation in Latvia
Latvia: Quarterly GFCF by asset — Gross fixed capital formation was 732.8 National currency in 2025. ▲ Rising
Quarterly GFCF by asset — Gross fixed capital formation in Latvia, 1995–2025
Source: Organisation for Economic Co-operation and Development. Measured in National currency.
Analysis
In 2025, quarterly gfcf by asset — gross fixed capital formation in Latvia stood at 732.8 National currency.
Compared with earlier readings it is up 2.0% on the previous year and down 3.7% over ten years.
Over the whole period, quarterly gfcf by asset — gross fixed capital formation in Latvia peaked at 2,184 National currency in 2007 and was at its lowest, 463.6 National currency, in 2010.
The long-run direction has been consistently rising across the 31 years of available data.
Quarterly GFCF by asset — Gross fixed capital formation in Latvia, year by year
| Year | National currency | Change |
|---|---|---|
| 1995 | 558.5 National currency | — |
| 1996 | 749.9 National currency | +34.3% |
| 1997 | 469.6 National currency | -37.4% |
| 1998 | 563.3 National currency | +20.0% |
| 1999 | 568.7 National currency | +1.0% |
| 2000 | 639.4 National currency | +12.4% |
| 2001 | 595.6 National currency | -6.9% |
| 2002 | 541 National currency | -9.2% |
| 2003 | 542.6 National currency | +0.3% |
| 2004 | 788 National currency | +45.2% |
| 2005 | 985.1 National currency | +25.0% |
| 2006 | 1,517 National currency | +54.0% |
| 2007 | 2,184 National currency | +44.0% |
| 2008 | 1,898 National currency | -13.1% |
| 2009 | 646 National currency | -66.0% |
| 2010 | 463.6 National currency | -28.2% |
| 2011 | 561.6 National currency | +21.1% |
| 2012 | 714.2 National currency | +27.2% |
| 2013 | 661 National currency | -7.4% |
| 2014 | 745.8 National currency | +12.8% |
| 2015 | 761.2 National currency | +2.1% |
| 2016 | 628.4 National currency | -17.4% |
| 2017 | 642.8 National currency | +2.3% |
| 2018 | 814.4 National currency | +26.7% |
| 2019 | 817.8 National currency | +0.4% |
| 2020 | 773 National currency | -5.5% |
| 2021 | 881.4 National currency | +14.0% |
| 2022 | 798.1 National currency | -9.5% |
| 2023 | 788.9 National currency | -1.2% |
| 2024 | 718.6 National currency | -8.9% |
| 2025 | 732.8 National currency | +2.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 582 National currency | 469.6 National currency | 749.9 National currency | 5 |
| 2000s | 1,034 National currency | 541 National currency | 2,184 National currency | 10 |
| 2010s | 681.08 National currency | 463.6 National currency | 817.8 National currency | 10 |
| 2020s | 782.13 National currency | 718.6 National currency | 881.4 National currency | 6 |
Countries ranked near Latvia
- 6 Lithuania 2,030 National currency compare
- 6 Sweden 205,671 National currency compare
- 7 Estonia 1,301 National currency compare
- 7 Norway 192,609 National currency compare
- 8 Germany 189,786 National currency compare
- 8 Slovenia 1,045 National currency compare
- 9 Iceland 174,105 National currency compare
- 10 France 152,174 National currency compare
- 11 Australia 145,783 National currency compare
- 12 United Kingdom 110,334 National currency compare
More reference data data for Latvia
- Cooling and heating degree days by NUTS 2 regions - annual data 4.98 % change on previous year (2025)
- Cooling and heating degree days by NUTS 2 regions - monthly data -2.4 % change on previous year (2025)
- 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 3 region - monthly data 505.67 (2025)
- Cooling and heating degree days by NUTS 3 region - annual data 3,617 (2025)
- IPAC Dashboard indicators — Geothermal 0 Index (2025)
- 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 19.46 Percentage of GDP (2022)
- Africa's Development Dynamics (AfDD) Table 08 - Sectoral breakdown of 41.31 Percentage of GDP (2022)
Frequently asked questions
- What is quarterly gfcf by asset — gross fixed capital formation in Latvia?
- Quarterly gfcf by asset — gross fixed capital formation in Latvia was 732.8 National currency in 2025, according to Organisation for Economic Co-operation and Development.
- What is the highest quarterly gfcf by asset — gross fixed capital formation recorded in Latvia?
- The highest recorded value was 2,184 National currency in 2007.
- What is the lowest quarterly gfcf by asset — gross fixed capital formation recorded in Latvia?
- The lowest recorded value was 463.6 National currency in 2010.
- How does Latvia rank for quarterly gfcf by asset — gross fixed capital formation?
- Latvia ranks 9th out of 9 countries with data for 2025.
- Is quarterly gfcf by asset — gross fixed capital formation rising or falling in Latvia?
- Over the last ten years it is down 3.7%. The long-run trend across the full record is rising.
- Where does this Latvia data come from?
- The figures come from Organisation for Economic Co-operation and Development, published as part of Quarterly GFCF by asset — Gross fixed capital formation. Statizoid updates them automatically from the source API.
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About this data
This table presents Gross Fixed Capital Formation (GFCF, or investment) by asset. The asset breakdown covers items such as buildings, machinery and equipment, cultivated biological resources and intellectual property products. Data is presented for each country in national currency as well as in euros for the European Union (27 countries) and the euro area (21 countries). In this table, the presentation of GFCF and its breakdown is on a country-by-country basis. Users are recommended to select one country (or area) at a time in the ‘Reference area’ filter. These indicators were presented in the previous dissemination system in the QNA dataset. See User Guide on Quarterly National Accounts (QNA) in OECD Data Explorer: QNA User guide See QNA Calendar for information on advance release dates: QNA Calendar See QNA Changes for information on changes in methodology: QNA Changes See QNA TIPS for a better use of QNA data: QNA TIPS Explore also the GDP and non-financial accounts webpage: GDP and non-financial accounts webpage OECD statistics contact: STAT.Contact@oecd.org