Gross domestic savings in Latvia
Latvia: Gross domestic savings 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 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% |
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
- Exports of goods and services (current LCU), annual growth rate 2.1 % change on previous year (2025)
- Exports of goods and services (current LCU), per unit of GDP 0.5538 current LCU per US$ of GDP (2025)
- Exports of goods and services (current LCU), per capita 14,570 current LCU per person (2025)
- Exports of goods and services (constant 2015 US$), annual growth rate 0.074 % change on previous year (2025)
- Exports of goods and services (constant 2015 US$), per unit of GDP 0.4394 constant 2015 US$ per US$ of GDP (2025)
- Exports of goods and services (constant 2015 US$), per capita 11,562 constant 2015 US$ per person (2025)
- Gross fixed capital formation (current US$), annual growth rate 16.57 % change on previous year (2025)
- Gross fixed capital formation (current US$), per unit of GDP 0.2347 current US$ per US$ of GDP (2025)
- Gross fixed capital formation (current US$), per capita 6,175 current US$ per person (2025)
- Gross fixed capital formation (current LCU), per unit of GDP 0.2077 current LCU per US$ of GDP (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.
Download this data
CSV · JSON — 31 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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.