Latvia: Capital investment, percent of GDP

* indicates monthly or quarterly data series
 Latvia

Capital investment as percent of GDP

 Latest value 26.14
 Year 2022
 Measure percent
 Data availability 1995 - 2022
 Average 26
 Min - Max 15.67 - 41.56
 Source The World Bank
For that indicator, we provide data for Latvia from 1995 to 2022. The average value for Latvia during that period was 26 percent with a minimum of 15.67 percent in 1995 and a maximum of 41.56 percent in 2007. The latest value from 2022 is 26.14 percent. For comparison, the world average in 2022 based on 141 countries is 24.56 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent values chart
Latvia - Capital investment, percent of GDP - recent values

Historical chart
Latvia - Capital investment, percent of GDP - historical chart - 1995-2022




The capital investment in Latvia and other countries is calculated as the purchases of new plant and equipment by firms, as percent of GDP. A high number is good for long-term economic growth as current investment leads to greater future production.
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.


 Related indicators Latest value Reference Measure
 Capital investment, percent of GDP 26.14 2022 percent
 Capital investment, in dollars 10.70 2022 billion U.S. dollars
 Household consumption, percent of GDP 59.68 2022 percent
 Household consumption, in dollars 24.43 2022 billion U.S. dollars
 Household consumption 6.47 Q3/2023 billion
 Consumption as percent of GDP 61.14 Q3/2023 percent
 Consumption growth 5.28 Q3/2023 percent
 Investment 2.69 Q3/2023 billion
 Investment as percent of GDP 25.43 Q3/2023 percent
 Investment growth 9.02 Q3/2023 percent
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