Net Capital Stocks (Agriculture, Forestry and Fishing) — Value in Latvia
Latvia: Net Capital Stocks (Agriculture, Forestry and Fishing) — Value was 9,902 million SLC in 2023. ▲ Rising
Net Capital Stocks (Agriculture, Forestry and Fishing) — Value in Latvia, 1995–2023
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
Latvia recorded 9,902 million SLC for net capital stocks (agriculture, forestry and fishing) — value in 2023. That is the highest value across all 29 years on record.
That represents a change of up 2.4% on the previous year and up 19.3% over ten years.
Over the whole period, net capital stocks (agriculture, forestry and fishing) — value in Latvia peaked at 9,902 million SLC in 2023 and was at its lowest, 5,202 million SLC, in 2003.
Latvia ranks 123rd of 179 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 29 years of available data.
Net Capital Stocks (Agriculture, Forestry and Fishing) — Value in Latvia, year by year
| Year | million SLC | Change |
|---|---|---|
| 1995 | 5,909 million SLC | — |
| 1996 | 6,198 million SLC | +4.9% |
| 1997 | 6,536 million SLC | +5.4% |
| 1998 | 7,017 million SLC | +7.4% |
| 1999 | 6,808 million SLC | -3.0% |
| 2000 | 6,383 million SLC | -6.2% |
| 2001 | 5,757 million SLC | -9.8% |
| 2002 | 5,363 million SLC | -6.8% |
| 2003 | 5,202 million SLC | -3.0% |
| 2004 | 5,423 million SLC | +4.2% |
| 2005 | 6,022 million SLC | +11.1% |
| 2006 | 7,243 million SLC | +20.3% |
| 2007 | 8,661 million SLC | +19.6% |
| 2008 | 9,487 million SLC | +9.5% |
| 2009 | 7,960 million SLC | -16.1% |
| 2010 | 7,754 million SLC | -2.6% |
| 2011 | 7,811 million SLC | +0.7% |
| 2012 | 8,339 million SLC | +6.8% |
| 2013 | 8,300 million SLC | -0.5% |
| 2014 | 8,017 million SLC | -3.4% |
| 2015 | 8,002 million SLC | -0.2% |
| 2016 | 7,869 million SLC | -1.7% |
| 2017 | 7,924 million SLC | +0.7% |
| 2018 | 8,457 million SLC | +6.7% |
| 2019 | 8,584 million SLC | +1.5% |
| 2020 | 8,503 million SLC | -0.9% |
| 2021 | 8,632 million SLC | +1.5% |
| 2022 | 9,667 million SLC | +12.0% |
| 2023 | 9,902 million SLC | +2.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 6,494 million SLC | 5,909 million SLC | 7,017 million SLC | 5 |
| 2000s | 6,750 million SLC | 5,202 million SLC | 9,487 million SLC | 10 |
| 2010s | 8,106 million SLC | 7,754 million SLC | 8,584 million SLC | 10 |
| 2020s | 9,176 million SLC | 8,503 million SLC | 9,902 million SLC | 4 |
Countries ranked near Latvia
More environment data for Latvia
- Standard Deviation, annual growth rate 0 % change on previous year (2025)
- Standard Deviation 0.883 °C (2025)
- Temperature change 2.56 °C (2025)
- Roundwood, non-coniferous — Production, annual growth rate -1.2 % change on previous year (2024)
- Wood fuel — Production, annual growth rate -2.17 % change on previous year (2024)
- Wood fuel, non-coniferous — Production, annual growth rate 0 % change on previous year (2024)
- Industrial roundwood — Production, annual growth rate -2.53 % change on previous year (2024)
- Industrial roundwood — Import quantity, per unit of GDP 0 m3 per US$ of GDP (2024)
- Industrial roundwood — Import quantity, per capita 0.6367 m3 per person (2024)
- Industrial roundwood — Import value, per unit of GDP 0 1000 USD per US$ of GDP (2024)
Frequently asked questions
- What is net capital stocks (agriculture, forestry and fishing) — value in Latvia?
- Net capital stocks (agriculture, forestry and fishing) — value in Latvia was 9,902 million SLC in 2023, according to Food and Agriculture Organization of the United Nations.
- What is the highest net capital stocks (agriculture, forestry and fishing) — value recorded in Latvia?
- The highest recorded value was 9,902 million SLC in 2023.
- What is the lowest net capital stocks (agriculture, forestry and fishing) — value recorded in Latvia?
- The lowest recorded value was 5,202 million SLC in 2003.
- How does Latvia rank for net capital stocks (agriculture, forestry and fishing) — value?
- Latvia ranks 123rd out of 179 countries with data for 2023.
- Is net capital stocks (agriculture, forestry and fishing) — value rising or falling in Latvia?
- Over the last ten years it is up 19.3%. The long-run trend across the full record is rising.
- Where does this Latvia data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Net Capital Stocks (Agriculture, Forestry and Fishing) — Value Standard Local Currency. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 29 observations, free to reuse under CC BY-NC-SA 3.0 IGO (FAO).
About this data
As part of the FAO Agriculture Capital Stock (ACS) database, the Statistics Division of FAO publishes country-by-country data on physical investment in agriculture, forestry and fishing as measured by the System of National Accounts (SNA) concept of Gross Fixed Capital Formation (GFCF). Additional variables included in the ACS are Net and Gross Capital Stock, Consumption of Fixed Capital, the Agriculture Investment ratio, and the Gross Fixed Capital Formation Agriculture Orientation Index. The FAO Agriculture Capital Stock Database is an analytical database: whenever available, the database integrates official National Accounts data harvested from the UNSD National Accounts Main Aggregates Database (UNSD AMA) and the OECD Annual National Accounts Database (OECD ANA). The database is further supplemented by OECD Structural Analysis database (OECD STAN) and, in a few cases, data from country’s statistics websites. If the full set of official data is not available for any specific country, imputation methods are applied to obtain estimates over the complete time series. Many data points in ACS are estimated and are flagged as such; they do not represent official submissions by Member Countries. With a view of producing internationally comparable net capital stock estimates, the Perpetual Inventory Method (PIM) with a constant geometric depreciation rate is employed to impute missing data. The Perpetual Inventory Method is a well-established economic model to calculate Net Capital Stocks (NCS) and Consumption of Fixed Capital (CFC) from time series of Gross Fixed Capital Formation (GFCF). Specifically, annual measures of the NCS are obtained from cumulating historical series on physical investment flows and deducting the part of assets that are depreciated (the Consumption of Fixed Capital that occurs in every period). In order to implement the PIM, long time series on aggregate GFCF in agriculture, forestry and fishing is required.An attempt is made to rely as much as possible on National Accounts data published by the OECD and UNSD. When country data are partially or fully missing, econometric techniques to impute missing observations are employed. Depending on the pattern of data missingness for the countries, different imputation methods are applied (from among the ARIMAX, PANEL regression, and OLS approaches) for the data series from 1995 to 2022. The values of Agriculture Capital Stock related indicators for 2023, including Agriculture Investment Ratio, Agriculture Orientation Index, Net Capital Stock, Gross Fixed Capital Formation and Consumption of Fixed Capital, are estimated using the Holt-Winters (HW) method (Cipra et al., 1995). The HW method is an exponential smoothing method for forecasting the annual values of economic variables. In this context, the HW method relies on existing (historical) values of the Agriculture Capital Stock. The predicted value is an extrapolation of the historical values to the specified target date, which extends the timeline without considering seasonality in the annual series.All data series in the database are provided both in national currencies and in US dollars as well as in current prices and constant prices with base year 2015.