Adjusted savings: gross savings in Latvia
Latvia: Adjusted savings: gross savings was 8.60 billion current US$ in 2021. ◆ Volatile
Adjusted savings: gross savings in Latvia, 1995–2021
Source: World Bank national accounts data files. Measured in current US$.
Analysis
The most recent figure for adjusted savings: gross savings in Latvia is 8.60 billion current US$, measured in 2021. That is the highest value across all 27 years on record.
Compared with earlier readings it is up 1.2% on the previous year and up 39.7% over ten years.
Over the whole period, adjusted savings: gross savings in Latvia peaked at 8.60 billion current US$ in 2021 and was at its lowest, 730.35 million current US$, in 1996.
That places Latvia 93rd out of 177 countries with data for 2021, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Adjusted savings: gross savings in Latvia, year by year
| Year | current US$ | Change |
|---|---|---|
| 1995 | 745.33 million current US$ | — |
| 1996 | 730.35 million current US$ | -2.0% |
| 1997 | 910.33 million current US$ | +24.6% |
| 1998 | 1.14 billion current US$ | +25.6% |
| 1999 | 946.15 million current US$ | -17.3% |
| 2000 | 1.46 billion current US$ | +54.4% |
| 2001 | 1.60 billion current US$ | +9.7% |
| 2002 | 1.93 billion current US$ | +20.4% |
| 2003 | 2.46 billion current US$ | +27.7% |
| 2004 | 2.99 billion current US$ | +21.3% |
| 2005 | 3.97 billion current US$ | +33.0% |
| 2006 | 4.14 billion current US$ | +4.1% |
| 2007 | 6.55 billion current US$ | +58.3% |
| 2008 | 8.32 billion current US$ | +27.0% |
| 2009 | 7.99 billion current US$ | -3.9% |
| 2010 | 5.30 billion current US$ | -33.7% |
| 2011 | 6.15 billion current US$ | +16.1% |
| 2012 | 6.71 billion current US$ | +9.1% |
| 2013 | 6.58 billion current US$ | -2.0% |
| 2014 | 6.97 billion current US$ | +6.0% |
| 2015 | 6.30 billion current US$ | -9.6% |
| 2016 | 6.37 billion current US$ | +1.2% |
| 2017 | 7.07 billion current US$ | +11.1% |
| 2018 | 7.91 billion current US$ | +11.8% |
| 2019 | 7.70 billion current US$ | -2.7% |
| 2020 | 8.50 billion current US$ | +10.4% |
| 2021 | 8.60 billion current US$ | +1.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 895.18 million current US$ | 730.35 million current US$ | 1.14 billion current US$ | 5 |
| 2000s | 4.14 billion current US$ | 1.46 billion current US$ | 8.32 billion current US$ | 10 |
| 2010s | 6.71 billion current US$ | 5.30 billion current US$ | 7.91 billion current US$ | 10 |
| 2020s | 8.55 billion current US$ | 8.50 billion current US$ | 8.60 billion current US$ | 2 |
Countries ranked near Latvia
More economy & growth data for Latvia
- Net primary income (Net income from abroad) (current LCU), annual 8.43 % change on previous year (2024)
- Taxes less subsidies on products (current US$), annual growth rate 12.94 % change on previous year (2025)
- Taxes less subsidies on products (current US$), per unit of GDP 0.1306 current US$ per US$ of GDP (2025)
- Taxes less subsidies on products (current US$), per capita 3,437 current US$ per person (2025)
- Taxes less subsidies on products (current LCU), annual growth rate 8.19 % change on previous year (2025)
- Taxes less subsidies on products (current LCU), per unit of GDP 0.1156 current LCU per US$ of GDP (2025)
- Taxes less subsidies on products (current LCU), per capita 3,041 current LCU per person (2025)
- Special drawing rights per domestic currency (End-of-period (EoP)) 1.26 (2013)
- Domestic currency per Special drawing rights (End-of-period (EoP)) 0.7931 (2013)
- Domestic currency per US dollar (End-of-period (EoP)) 0.515 (2013)
Frequently asked questions
- What is adjusted savings: gross savings in Latvia?
- Adjusted savings: gross savings in Latvia was 8.60 billion current US$ in 2021, according to World Bank national accounts data files.
- What is the highest adjusted savings: gross savings recorded in Latvia?
- The highest recorded value was 8.60 billion current US$ in 2021.
- What is the lowest adjusted savings: gross savings recorded in Latvia?
- The lowest recorded value was 730.35 million current US$ in 1996.
- How does Latvia rank for adjusted savings: gross savings?
- Latvia ranks 93rd out of 177 countries with data for 2021.
- Is adjusted savings: gross savings rising or falling in Latvia?
- Over the last ten years it is up 39.7%. The long-run trend across the full record is volatile.
- Where does this Latvia data come from?
- The figures come from World Bank national accounts data files, published as part of Adjusted savings: gross savings (current US$). Statizoid updates them automatically from the source API.
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About this data
Gross savings are the difference between gross national income and public and private consumption, plus net current transfers.