Adjusted savings: net national savings in Latvia
Latvia: Adjusted savings: net national savings was 102.61 million current US$ in 2021. ◆ Volatile
Adjusted savings: net national savings in Latvia, 1995–2021
Source: Staff estimates, World Bank (WB). Measured in current US$.
Analysis
The most recent figure for adjusted savings: net national savings in Latvia is 102.61 million current US$, measured in 2021.
Compared with earlier readings it is down 87.2% on the previous year and up 113.7% over ten years.
Over the whole period, adjusted savings: net national savings in Latvia peaked at 1.78 billion current US$ in 2009 and was at its lowest, -1.52 billion current US$, in 1995.
That places Latvia 143rd out of 176 countries with data for 2021, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Adjusted savings: net national savings in Latvia, year by year
| Year | current US$ | Change |
|---|---|---|
| 1995 | -1.52 billion current US$ | — |
| 1996 | -1.43 billion current US$ | -6.2% |
| 1997 | -1.31 billion current US$ | -8.4% |
| 1998 | -1.24 billion current US$ | -5.4% |
| 1999 | -1.44 billion current US$ | +16.7% |
| 2000 | -819.96 million current US$ | -43.2% |
| 2001 | -576.74 million current US$ | -29.7% |
| 2002 | -462.30 million current US$ | -19.8% |
| 2003 | -373.41 million current US$ | -19.2% |
| 2004 | -306.74 million current US$ | -17.9% |
| 2005 | 240.71 million current US$ | -178.5% |
| 2006 | -749.64 million current US$ | -411.4% |
| 2007 | -103.81 million current US$ | -86.2% |
| 2008 | 472.66 million current US$ | -555.3% |
| 2009 | 1.78 billion current US$ | +275.9% |
| 2010 | -749.04 million current US$ | -142.2% |
| 2011 | -749.75 million current US$ | +0.1% |
| 2012 | -280.84 million current US$ | -62.5% |
| 2013 | -809.10 million current US$ | +188.1% |
| 2014 | -636.05 million current US$ | -21.4% |
| 2015 | -156.53 million current US$ | -75.4% |
| 2016 | -69.34 million current US$ | -55.7% |
| 2017 | 306.99 million current US$ | -542.8% |
| 2018 | 546.71 million current US$ | +78.1% |
| 2019 | 350.77 million current US$ | -35.8% |
| 2020 | 799.55 million current US$ | +127.9% |
| 2021 | 102.61 million current US$ | -87.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | -1.39 billion current US$ | -1.52 billion current US$ | -1.24 billion current US$ | 5 |
| 2000s | -90.23 million current US$ | -819.96 million current US$ | 1.78 billion current US$ | 10 |
| 2010s | -224.62 million current US$ | -809.10 million current US$ | 546.71 million current US$ | 10 |
| 2020s | 451.08 million current US$ | 102.61 million current US$ | 799.55 million current US$ | 2 |
Countries ranked near Latvia
More economy & growth data for Latvia
- GDP (constant 2015 US$), annual growth rate 2.14 % change on previous year (2025)
- GDP (constant 2015 US$), per unit of GDP 0.642 constant 2015 US$ per US$ of GDP (2025)
- GDP (constant 2015 US$), per capita 16,892 constant 2015 US$ per person (2025)
- GDP (constant LCU), annual growth rate 2.14 % change on previous year (2025)
- GDP (constant LCU), per unit of GDP 0.6625 constant LCU per US$ of GDP (2025)
- GDP (constant LCU), per capita 17,433 constant LCU per person (2025)
- Gross domestic savings (current US$), annual growth rate 8.25 % change on previous year (2025)
- Gross domestic savings (current US$), per unit of GDP 0.1948 current US$ per US$ of GDP (2025)
- Gross domestic savings (current US$), per capita 5,125 current US$ per person (2025)
- Gross domestic savings (current LCU), annual growth rate 3.69 % change on previous year (2025)
Frequently asked questions
- What is adjusted savings: net national savings in Latvia?
- Adjusted savings: net national savings in Latvia was 102.61 million current US$ in 2021, according to Staff estimates, World Bank (WB).
- What is the highest adjusted savings: net national savings recorded in Latvia?
- The highest recorded value was 1.78 billion current US$ in 2009.
- What is the lowest adjusted savings: net national savings recorded in Latvia?
- The lowest recorded value was -1.52 billion current US$ in 1995.
- How does Latvia rank for adjusted savings: net national savings?
- Latvia ranks 143rd out of 176 countries with data for 2021.
- Is adjusted savings: net national savings rising or falling in Latvia?
- Over the last ten years it is up 113.7%. The long-run trend across the full record is volatile.
- Where does this Latvia data come from?
- The figures come from Staff estimates, World Bank (WB), published as part of Adjusted savings: net national savings (current US$). Statizoid updates them automatically from the source API.
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About this data
Net national savings are equal to gross national savings less the value of consumption of fixed capital. 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.