Latvia vs Luxembourg: Gross savings
Gross savings over time
- Latvia
- Luxembourg
How they compare
Latvia currently reports 20.9% against 20.7% in Luxembourg, a difference of 0.2%.
The two have swapped places 3 times across 27 shared years of data; in 1999 it was Luxembourg ahead.
Latvia ranks 99th and Luxembourg ranks 100th of 178 countries.
Luxembourg has averaged higher in every one of the 4 decades both report.
Head to head by decade
| Decade | Latvia | Luxembourg | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 12.9% | 36.0% | 23.2% | Luxembourg |
| 2000s | 22.4% | 34.5% | 12.0% | Luxembourg |
| 2010s | 23.6% | 29.3% | 5.7% | Luxembourg |
| 2020s | 21.5% | 23.9% | 2.4% | Luxembourg |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher gross savings, Latvia or Luxembourg?
- Latvia, at 20.9% against 20.7% in Luxembourg as of 2025.
- What is the difference in gross savings between Latvia and Luxembourg?
- 0.2%, with Latvia ahead.
- How many years of comparable data are there for Latvia and Luxembourg?
- 27 years are reported by both, from 1999 to 2025.
- How do Latvia and Luxembourg rank globally for gross savings?
- Latvia ranks 99th and Luxembourg ranks 100th of 178 countries.
- Where does this data come from?
- Country official statistics, National Statistical Offices (NSOs), published as Gross savings (% of GNI). 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 as a percentage of Gross National Income (GNI) which is the total income earned by all residents within an economic territory during an accounting period. It is equal to gross domestic product plus earned income receivable from abroad minus earned income payable abroad.