Latvia—Net Investment in Nonfinancial Assets (% of GDP)
Category: Fiscal & MonetarySource: World Bank World Development IndicatorsGlobal Rank: #49 of 138
Latest Value
4.0%
2023
YoY Change
+26.3%
2022 → 2023
Global Rank
#49
of 138 countries
Maximum
4.0%
2023
Minimum
0.7%
2002
CAGR
+6.2%
24 years
Last
4.0%
Previous
3.2%
Highest
4.0%
Lowest
0.7%
Source
World Bank World Development Indicators
Source: World Bank World Development Indicators
Historical Data
| Year | Value | Change |
|---|---|---|
| 2023 | 4.0% | +26.3% |
| 2022 | 3.2% | +1.4% |
| 2021 | 3.2% | -6.3% |
| 2020 | 3.4% | +21.1% |
| 2019 | 2.8% | -24.4% |
| 2018 | 3.7% | +31.7% |
| 2017 | 2.8% | +5.4% |
| 2016 | 2.6% | -25.7% |
| 2015 | 3.6% | +42.9% |
| 2014 | 2.5% | +6.1% |
| 2013 | 2.3% | -13.1% |
| 2012 | 2.7% | +3.8% |
| 2011 | 2.6% | +78.1% |
| 2010 | 1.5% | +1.3% |
| 2009 | 1.4% | -42.5% |
| 2008 | 2.5% | -36.1% |
| 2007 | 3.9% | +2.8% |
| 2006 | 3.8% | +60.4% |
| 2005 | 2.4% | -2.5% |
| 2004 | 2.4% | +28.0% |
| 2003 | 1.9% | +178.2% |
| 2002 | 0.7% | -14.3% |
| 2001 | 0.8% | -20.4% |
| 2000 | 1.0% |
Top Countries — Net Investment in Nonfinancial Assets (% of GDP)
| # | Country | Value | Year |
|---|---|---|---|
| 1 | Nauru | 19.7% | 2020 |
| 2 | Tajikistan | 13.8% | 2023 |
| 3 | Micronesia, Fed. Sts. | 10.5% | 2020 |
| 4 | Burkina Faso | 10.3% | 2023 |
| 5 | Rwanda | 9.3% | 2023 |
| 6 | Marshall Islands | 8.8% | 2020 |
| 7 | Togo | 8.6% | 2023 |
| 8 | Bhutan | 8.6% | 2020 |
| 9 | Malawi | 8.2% | 2022 |
| 10 | Lesotho | 8.1% | 2024 |
About This Indicator
Definition
Net investment in government nonfinancial assets includes fixed assets, inventories, valuables, and nonproduced assets. Nonfinancial assets are stores of value and provide benefits either through their use in the production of goods and services or in the form of property income and holding gains. Net investment in nonfinancial assets also includes consumption of fixed capital. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.
Methodology
Data compiled by Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
Source: World Bank - World Development IndicatorsView original source →