Latvia - Transport Equipment Investment
Since 2014, Latvia Transport Equipment Investment decreased by 2.6points year on year. At 7.22 Percent of Gross Fixed Capital Formation in 2019, the country was number 30 comparing other countries in Transport Equipment Investment. Latvia is overtaken by Italy, which was ranked number 29 at 7.25 Percent of Gross Fixed Capital Formation and is followed by Australia with 6.85 Percent of Gross Fixed Capital Formation. Luxembourg topped the ranking with 18.54 Percent of Gross Fixed Capital Formation in 2019, an increase of 13.5points versus 2018. Mexico, Slovakia and Lithuania respectively ranked number 2, 3 and 4 in this ranking. Norway witnessed the best average annual growth at +10.1points per year, while Ireland recorded the worst performance at -12.5points per year.
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| Date | Percent of Gross Fixed Capital Formation |
|---|---|
| 2019 | 7.22 |
| 2018 | 7.75 |
| 2017 | 13.38 |
| 2016 | 11.79 |
| 2015 | 9.31 |
How does Latvia rank in Transport Equipment Investment?
| # | 39 Countries | Percent of Gross Fixed Capital Formation | Last | YoY | 5‑years CAGR | ||
|---|---|---|---|---|---|---|---|
| 1 |
#1
Luxembourg
|
18.54 % | 2019 | +13.5 % | -6.0 % | View data | |
| 2 |
#2
Mexico
|
13.99 % | 2019 | +1.2 % | +2.4 % | View data | |
| 29 |
#29
Italy
|
7.25 % | 2019 | +1.3 % | +7.8 % | View data | |
| 30 |
#30
Latvia
|
7.22 % | 2019 | -6.7 % | -2.6 % | View data | |
| 31 |
#31
Australia
|
6.85 % | 2019 | -1.3 % | +1.3 % | View data | |