Adjusted savings: net national savings in Latvia
Latvia: Adjusted savings: net national savings was 0.3% in 2021. ◆ Volatile
Adjusted savings: net national savings in Latvia, 1995–2021
Source: Staff estimates, World Bank (WB). Measured in % of GNI.
Analysis
In 2021, adjusted savings: net national savings in Latvia stood at 0.3%.
The figure is down 88.7% on the previous year and up 109.6% over ten years.
Over the whole period, adjusted savings: net national savings in Latvia peaked at 6.3% in 2009 and was at its lowest, -26.1%, in 1995.
Latvia ranks 152nd of 177 countries on this measure, 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 | % of GNI | Change |
|---|---|---|
| 1995 | -26.1% | — |
| 1996 | -23.7% | -9.0% |
| 1997 | -19.9% | -16.3% |
| 1998 | -17.2% | -13.7% |
| 1999 | -19.4% | +12.8% |
| 2000 | -10.3% | -46.7% |
| 2001 | -6.9% | -33.3% |
| 2002 | -4.8% | -29.8% |
| 2003 | -3.2% | -34.0% |
| 2004 | -2.2% | -31.9% |
| 2005 | 1.4% | -165.9% |
| 2006 | -3.6% | -349.2% |
| 2007 | -0.3% | -90.3% |
| 2008 | 1.3% | -487.5% |
| 2009 | 6.3% | +371.1% |
| 2010 | -3.1% | -149.2% |
| 2011 | -2.7% | -11.8% |
| 2012 | -1.0% | -63.2% |
| 2013 | -2.7% | +167.4% |
| 2014 | -2.0% | -24.6% |
| 2015 | -0.6% | -71.5% |
| 2016 | -0.2% | -57.1% |
| 2017 | 1.0% | -508.3% |
| 2018 | 1.6% | +59.8% |
| 2019 | 1.0% | -35.8% |
| 2020 | 2.3% | +123.0% |
| 2021 | 0.3% | -88.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | -21.2% | -26.1% | -17.2% | 5 |
| 2000s | -2.2% | -10.3% | 6.3% | 10 |
| 2010s | -0.9% | -3.1% | 1.6% | 10 |
| 2020s | 1.3% | 0.3% | 2.3% | 2 |
Countries ranked near Latvia
More economy & growth data for Latvia
- Final consumption expenditure (constant 2015 US$), per capita 13,539 constant 2015 US$ per person (2025)
- Gross national expenditure (current US$), annual growth rate 13.75 % change on previous year (2025)
- Gross national expenditure (current US$), per unit of GDP 1.05 current US$ per US$ of GDP (2025)
- Gross national expenditure (current US$), per capita 27,517 current US$ per person (2025)
- Gross national expenditure (current LCU), annual growth rate 8.96 % change on previous year (2025)
- Gross national expenditure (current LCU), per unit of GDP 0.9255 current LCU per US$ of GDP (2025)
- Gross national expenditure (current LCU), per capita 24,351 current LCU per person (2025)
- Gross national expenditure (constant 2015 US$), annual growth rate 6.59 % change on previous year (2025)
- Gross national expenditure (constant 2015 US$), per unit of GDP 0.7243 constant 2015 US$ per US$ of GDP (2025)
- Gross national expenditure (constant 2015 US$), per capita 19,058 constant 2015 US$ per person (2025)
Frequently asked questions
- What is adjusted savings: net national savings in Latvia?
- Adjusted savings: net national savings in Latvia was 0.3% 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 6.3% in 2009.
- What is the lowest adjusted savings: net national savings recorded in Latvia?
- The lowest recorded value was -26.1% in 1995.
- How does Latvia rank for adjusted savings: net national savings?
- Latvia ranks 152nd out of 177 countries with data for 2021.
- Is adjusted savings: net national savings rising or falling in Latvia?
- Over the last ten years it is up 109.6%. 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 (% of GNI). 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 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.