Latvia - Gross fixed capital formation (annual % growth)

The value for Gross fixed capital formation (annual % growth) in Latvia was 0.22 as of 2020. As the graph below shows, over the past 24 years this indicator reached a maximum value of 42.98 in 1998 and a minimum value of -34.58 in 2009.

Definition: Average annual growth of gross fixed capital formation based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. Gross fixed capital formation (formerly gross domestic fixed investment) includes 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. 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 34.11
1997 5.13
1998 42.98
1999 4.50
2000 22.09
2001 19.32
2002 -3.91
2003 10.84
2004 28.35
2005 20.89
2006 14.33
2007 22.36
2008 -10.19
2009 -34.58
2010 -19.73
2011 25.88
2012 17.66
2013 -4.43
2014 -3.88
2015 -2.00
2016 -8.24
2017 11.41
2018 11.77
2019 6.93
2020 0.22

Aggregation method: Weighted average

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts