Latvia | Gross capital formation (constant LCU)

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. Data are in constant local currency.
Publisher
The World Bank
Origin
Republic of Latvia
Records
63
Source
Latvia | Gross capital formation (constant LCU)
1960
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970
1971
1972
1973
1974
1975
1976
1977
1978
1979
1980
1981
1982
1983
1984
1985
1986
1987
1988
1989
1990
1991
1992
1993
1994
1505997000 1995
1919264000 1996
2063591000 1997
2991535000 1998
3028084000 1999
3186452000 2000
3939660000 2001
4197923000 2002
5205975000 2003
6349711000 2004
7044333000 2005
8829406000 2006
10435767000 2007
8948444000 2008
5343891000 2009
4342221000 2010
6093867000 2011
6380189000 2012
5761424000 2013
5506636000 2014
5849418000 2015
5783171000 2016
6383490000 2017
7273880000 2018
7324798000 2019
6590277000 2020
8230046000 2021
8293620000 2022

Latvia | Gross capital formation (constant LCU)

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. Data are in constant local currency.
Publisher
The World Bank
Origin
Republic of Latvia
Records
63
Source