Gross domestic savings (% of GDP) in Latvia
Latvia: Gross domestic savings (% of GDP) was 19.5% in 2025. ▲ Rising
Gross domestic savings in Latvia, 1995–2025
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in % of GDP.
Analysis
The most recent figure for gross domestic savings in Latvia is 19.5%, measured in 2025.
The figure is down 2.0% on the previous year and down 15.2% over ten years.
Over the whole period, gross domestic savings in Latvia peaked at 23.7% in 2008 and was at its lowest, 10.3%, in 1996.
Latvia ranks 104th of 188 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 31 years of available data.
Gross domestic savings (% of GDP) in Latvia, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1995 | 11.2% | — |
| 1996 | 10.3% | -8.3% |
| 1997 | 12.0% | +17.4% |
| 1998 | 13.7% | +13.6% |
| 1999 | 12.5% | -8.8% |
| 2000 | 16.8% | +34.6% |
| 2001 | 17.7% | +5.5% |
| 2002 | 18.2% | +2.5% |
| 2003 | 17.9% | -1.4% |
| 2004 | 18.4% | +2.7% |
| 2005 | 21.5% | +16.8% |
| 2006 | 20.0% | -6.7% |
| 2007 | 23.6% | +17.6% |
| 2008 | 23.7% | +0.5% |
| 2009 | 21.2% | -10.6% |
| 2010 | 18.8% | -11.2% |
| 2011 | 20.6% | +9.8% |
| 2012 | 23.1% | +11.9% |
| 2013 | 20.8% | -10.0% |
| 2014 | 21.8% | +4.8% |
| 2015 | 23.0% | +5.5% |
| 2016 | 22.3% | -3.0% |
| 2017 | 22.3% | -0.0% |
| 2018 | 23.4% | +4.9% |
| 2019 | 23.1% | -1.1% |
| 2020 | 23.6% | +2.0% |
| 2021 | 22.5% | -4.4% |
| 2022 | 19.8% | -12.3% |
| 2023 | 21.0% | +6.3% |
| 2024 | 19.9% | -5.5% |
| 2025 | 19.5% | -2.0% |
Latvia compared with similar countries
- Latvia's 19.5% is below the median for high income countries, which is 25.7%, 76% of the median. (67 countries reporting)
- Latvia's 19.5% is below the median for Europe & Central Asia, which is 24.2%, 80% of the median. (52 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 11.9% | 10.3% | 13.7% | 5 |
| 2000s | 19.9% | 16.8% | 23.7% | 10 |
| 2010s | 21.9% | 18.8% | 23.4% | 10 |
| 2020s | 21.1% | 19.5% | 23.6% | 6 |
Countries ranked near Latvia
More economy & growth data for Latvia
- Real gdp growth, annual growth rate 96.07 % change on previous year (2024)
- SDRs holdings, US dollar, annual growth rate 5.34 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0125 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 327.81 units per person (2025)
- SDRs holdings, SDR, annual growth rate 0.3105 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0091 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 239.37 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate -2.79 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0077 units per US$ of GDP (2025)
- IMF holdings of currency, US dollar, per capita 203.25 units per person (2025)
Frequently asked questions
- What is gross domestic savings in Latvia?
- Gross domestic savings in Latvia was 19.5% in 2025, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross domestic savings recorded in Latvia?
- The highest recorded value was 23.7% in 2008.
- What is the lowest gross domestic savings recorded in Latvia?
- The lowest recorded value was 10.3% in 1996.
- How does Latvia rank for gross domestic savings?
- Latvia ranks 104th out of 188 countries with data for 2025.
- Is gross domestic savings rising or falling in Latvia?
- Over the last ten years it is down 15.2%. 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 Gross domestic savings (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Gross domestic savings are calculated as GDP less final consumption expenditure (total consumption). This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.