Latvia - ICT Investment
Since 2014, Latvia ICT Investment was up 5.7points year on year. In 2019, the country was number 21 among other countries in ICT Investment with 9.16 Percent of Gross Fixed Capital Formation. Latvia is overtaken by Luxembourg, which was ranked number 20 with 9.58 Percent of Gross Fixed Capital Formation and is followed by Norway at 8.93 Percent of Gross Fixed Capital Formation. Sweden ranked the highest with 19.27 Percent of Gross Fixed Capital Formation in 2019, that is -2.1points compared to 2018. New Zealand, Netherlands and Greece respectively ranked number 2, 3 and 4 in this ranking. Norway recorded the best 5 years average growth at +5.9points per year, while Ireland was the worst growing country at -9.3points per year.
| Date | Percent of Gross Fixed Capital Formation |
|---|---|
| 2019 | 9.16 |
| 2018 | 8.94 |
| 2017 | 8.27 |
| 2016 | 9.79 |
| 2015 | 8.82 |
How does Latvia rank in ICT Investment?
| # | 30 Countries | Percent of Gross Fixed Capital Formation | Last | YoY | 5‑years CAGR | ||
|---|---|---|---|---|---|---|---|
| 1 |
#1
Sweden
|
19.27 % | 2019 | -2.1 % | +1.4 % | View data | |
| 2 |
#2
New Zealand
|
17.60 % | 2019 | +0.6 % | +1.6 % | View data | |
| 20 |
#20
Luxembourg
|
9.58 % | 2019 | -1.2 % | +1.0 % | View data | |
| 21 |
#21
Latvia
|
9.16 % | 2019 | +2.5 % | +5.7 % | View data | |
| 22 |
#22
Norway
|
8.93 % | 2019 | -0.4 % | +5.9 % | View data | |