Iceland vs Latvia: Gross savings
Gross savings over time
- Iceland
- Latvia
How they compare
Latvia currently reports 10.07 billion current US$ against 8.87 billion current US$ in Iceland, a difference of 1.20 billion current US$.
That makes Latvia's figure about 1.1 times Iceland's.
The two have swapped places 3 times across 31 shared years of data; in 1995 it was Iceland ahead.
Iceland ranks 95th and Latvia ranks 93rd of 177 countries.
Across the 4 decades both report, Iceland averaged higher in 1 and Latvia in 3.
Head to head by decade
| Decade | Iceland | Latvia | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 1.45 billion current US$ | 883.72 million current US$ | 562.95 million current US$ | Iceland |
| 2000s | 1.87 billion current US$ | 4.12 billion current US$ | 2.25 billion current US$ | Latvia |
| 2010s | 4.37 billion current US$ | 6.72 billion current US$ | 2.36 billion current US$ | Latvia |
| 2020s | 6.85 billion current US$ | 8.57 billion current US$ | 1.72 billion current US$ | Latvia |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher gross savings, Iceland or Latvia?
- Latvia, at 10.07 billion current US$ against 8.87 billion current US$ in Iceland as of 2025.
- What is the difference in gross savings between Iceland and Latvia?
- 1.20 billion current US$, with Latvia ahead.
- How many years of comparable data are there for Iceland and Latvia?
- 31 years are reported by both, from 1995 to 2025.
- How do Iceland and Latvia rank globally for gross savings?
- Iceland ranks 95th and Latvia ranks 93rd of 177 countries.
- Where does this data come from?
- Country official statistics, National Statistical Offices (NSOs), published as Gross savings (current US$). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Savings is an amount that represents the part of disposable income (adjusted for the change in pension entitlements) that is not spent on final consumption. Gross savings are calculated as gross national income less total consumption, plus net transfers. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.