Gross national savings, Percent of GDP in Latvia
Latvia: Gross national savings, Percent of GDP was 21.48 in 2031. ▲ Rising
Gross national savings, Percent of GDP in Latvia, 1992–2031
Source: International Monetary Fund.
Analysis
The most recent figure for gross national savings, percent of gdp in Latvia is 21.48, measured in 2031.
The figure is up 0.4% on the previous year and down 0.8% over ten years.
Over the whole period, gross national savings, percent of gdp in Latvia peaked at 31.08 in 2009 and was at its lowest, 10.93, in 1996.
Latvia ranks 20th of 25 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 40 years of available data.
Gross national savings, Percent of GDP in Latvia, year by year
| Year | Value | Change |
|---|---|---|
| 1992 | 18.79 | — |
| 1993 | 16.55 | -11.9% |
| 1994 | 17.14 | +3.6% |
| 1995 | 13.05 | -23.9% |
| 1996 | 10.93 | -16.2% |
| 1997 | 14.34 | +31.2% |
| 1998 | 14.31 | -0.2% |
| 1999 | 21.86 | +52.8% |
| 2000 | 20.14 | -7.9% |
| 2001 | 20.63 | +2.4% |
| 2002 | 21.93 | +6.3% |
| 2003 | 22.86 | +4.2% |
| 2004 | 21.59 | -5.6% |
| 2005 | 24.1 | +11.6% |
| 2006 | 19.9 | -17.4% |
| 2007 | 21.86 | +9.8% |
| 2008 | 24.1 | +10.3% |
| 2009 | 31.08 | +29.0% |
| 2010 | 22.66 | -27.1% |
| 2011 | 23.25 | +2.6% |
| 2012 | 24.77 | +6.5% |
| 2013 | 22.41 | -9.5% |
| 2014 | 23.2 | +3.5% |
| 2015 | 24.04 | +3.6% |
| 2016 | 23.54 | -2.1% |
| 2017 | 24.18 | +2.8% |
| 2018 | 23.48 | -2.9% |
| 2019 | 23.17 | -1.3% |
| 2020 | 25.19 | +8.8% |
| 2021 | 21.66 | -14.0% |
| 2022 | 19.2 | -11.3% |
| 2023 | 20.87 | +8.7% |
| 2024 | 19.91 | -4.6% |
| 2025 | 21.5 | +8.0% |
| 2026 | 21.48 | -0.1% |
| 2027 | 21.39 | -0.5% |
| 2028 | 21.14 | -1.1% |
| 2029 | 21.21 | +0.3% |
| 2030 | 21.4 | +0.9% |
| 2031 | 21.48 | +0.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 15.87 | 10.93 | 21.86 | 8 |
| 2000s | 22.82 | 19.9 | 31.08 | 10 |
| 2010s | 23.47 | 22.41 | 24.77 | 10 |
| 2020s | 21.36 | 19.2 | 25.19 | 10 |
| 2030s | 21.44 | 21.4 | 21.48 | 2 |
Countries ranked near Latvia
More economy & growth data for Latvia
- Foreign direct investment, net outflows (BoP, current US$), gaps 317.22 million BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0065 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 171.67 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 243.70 million BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual -83.9 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.005 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 131.89 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 18.65 % change on previous year (2025)
- Total reserves (includes gold, current US$), per unit of GDP 0.1255 includes gold, current US$ per US$ of GDP (2025)
- Total reserves (includes gold, current US$), per capita 3,301 includes gold, current US$ per person (2025)
Frequently asked questions
- What is gross national savings, percent of gdp in Latvia?
- Gross national savings, percent of gdp in Latvia was 21.48 in 2031, according to International Monetary Fund.
- What is the highest gross national savings, percent of gdp recorded in Latvia?
- The highest recorded value was 31.08 in 2009.
- What is the lowest gross national savings, percent of gdp recorded in Latvia?
- The lowest recorded value was 10.93 in 1996.
- How does Latvia rank for gross national savings, percent of gdp?
- Latvia ranks 20th out of 25 countries with data for 2031.
- Is gross national savings, percent of gdp rising or falling in Latvia?
- Over the last ten years it is down 0.8%. The long-run trend across the full record is rising.
- Where does this Latvia data come from?
- The figures come from International Monetary Fund, published as part of Gross national savings, Percent of GDP (9/26/2025). Statizoid updates them automatically from the source API.
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About this data
The World Economic Outlook (WEO) database is created during the biannual WEO exercise, which begins in January and June of each year and results in the April and September/October WEO publication. Selected series from the publication are available in a database format.