Adjusted savings: gross savings in Latvia
Latvia: Adjusted savings: gross savings was 22.0% in 2021. ▲ Rising
Adjusted savings: gross savings in Latvia, 1995–2021
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in % of GNI.
Analysis
The most recent figure for adjusted savings: gross savings in Latvia is 22.0%, measured in 2021.
The figure is down 10.5% on the previous year and down 2.0% over ten years.
Over the whole period, adjusted savings: gross savings in Latvia peaked at 28.3% in 2009 and was at its lowest, 12.1%, in 1996.
That places Latvia 92nd out of 178 countries with data for 2021, putting it in the middle of the range.
The long-run direction has been consistently rising across the 27 years of available data.
Adjusted savings: gross savings in Latvia, year by year
| Year | % of GNI | Change |
|---|---|---|
| 1995 | 12.8% | — |
| 1996 | 12.1% | -5.0% |
| 1997 | 13.8% | +14.0% |
| 1998 | 15.9% | +14.6% |
| 1999 | 12.7% | -20.0% |
| 2000 | 18.4% | +45.0% |
| 2001 | 19.1% | +3.9% |
| 2002 | 20.1% | +5.5% |
| 2003 | 21.0% | +4.4% |
| 2004 | 21.1% | +0.5% |
| 2005 | 23.6% | +11.7% |
| 2006 | 19.7% | -16.7% |
| 2007 | 21.7% | +10.5% |
| 2008 | 23.5% | +8.1% |
| 2009 | 28.3% | +20.4% |
| 2010 | 21.9% | -22.6% |
| 2011 | 22.4% | +2.4% |
| 2012 | 24.0% | +7.0% |
| 2013 | 21.8% | -9.1% |
| 2014 | 22.2% | +1.6% |
| 2015 | 23.2% | +4.6% |
| 2016 | 22.7% | -2.1% |
| 2017 | 23.3% | +2.4% |
| 2018 | 23.3% | +0.3% |
| 2019 | 22.7% | -2.5% |
| 2020 | 24.6% | +8.0% |
| 2021 | 22.0% | -10.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 13.5% | 12.1% | 15.9% | 5 |
| 2000s | 21.7% | 18.4% | 28.3% | 10 |
| 2010s | 22.8% | 21.8% | 24.0% | 10 |
| 2020s | 23.3% | 22.0% | 24.6% | 2 |
Countries ranked near Latvia
More economy & growth data for Latvia
- Gross capital formation (constant 2015 US$), annual growth rate 18.33 % change on previous year (2025)
- Gross capital formation (constant 2015 US$), per unit of GDP 0.2098 constant 2015 US$ per US$ of GDP (2025)
- Gross capital formation (constant 2015 US$), per capita 5,519 constant 2015 US$ per person (2025)
- Imports of goods and services (current US$), annual growth rate 11.67 % change on previous year (2025)
- Imports of goods and services (current US$), per unit of GDP 0.6715 current US$ per US$ of GDP (2025)
- Imports of goods and services (current US$), per capita 17,669 current US$ per person (2025)
- Imports of goods and services (current LCU), annual growth rate 6.96 % change on previous year (2025)
- Imports of goods and services (current LCU), per unit of GDP 0.5943 current LCU per US$ of GDP (2025)
- Imports of goods and services (current LCU), per capita 15,636 current LCU per person (2025)
- Imports of goods and services (constant 2015 US$), annual growth rate 5.72 % change on previous year (2025)
Frequently asked questions
- What is adjusted savings: gross savings in Latvia?
- Adjusted savings: gross savings in Latvia was 22.0% in 2021, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest adjusted savings: gross savings recorded in Latvia?
- The highest recorded value was 28.3% in 2009.
- What is the lowest adjusted savings: gross savings recorded in Latvia?
- The lowest recorded value was 12.1% in 1996.
- How does Latvia rank for adjusted savings: gross savings?
- Latvia ranks 92nd out of 178 countries with data for 2021.
- Is adjusted savings: gross savings rising or falling in Latvia?
- Over the last ten years it is down 2.0%. The long-run trend across the full record is rising.
- Where does this Latvia data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of Adjusted savings: gross savings (% of GNI). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 27 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Gross savings are the difference between gross national income and public and private consumption, plus net current 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.