Gross savings in Latvia
Latvia: Gross savings was 10.07 billion current US$ in 2025. ◆ Volatile
Gross savings in Latvia, 1995–2025
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current US$.
Analysis
The most recent figure for gross savings in Latvia is 10.07 billion current US$, measured in 2025. That is the highest value across all 31 years on record.
The figure is up 19.2% on the previous year and up 59.0% over ten years.
Over the whole period, gross savings in Latvia peaked at 10.07 billion current US$ in 2025 and was at its lowest, 726.63 million current US$, in 1996.
Latvia ranks 93rd of 178 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross savings in Latvia, year by year
| Year | current US$ | Change |
|---|---|---|
| 1995 | 740.31 million current US$ | — |
| 1996 | 726.63 million current US$ | -1.8% |
| 1997 | 890.70 million current US$ | +22.6% |
| 1998 | 1.13 billion current US$ | +26.4% |
| 1999 | 935.25 million current US$ | -16.9% |
| 2000 | 1.45 billion current US$ | +55.0% |
| 2001 | 1.59 billion current US$ | +9.8% |
| 2002 | 1.91 billion current US$ | +20.3% |
| 2003 | 2.44 billion current US$ | +27.6% |
| 2004 | 2.96 billion current US$ | +21.3% |
| 2005 | 3.95 billion current US$ | +33.1% |
| 2006 | 4.09 billion current US$ | +3.7% |
| 2007 | 6.49 billion current US$ | +58.5% |
| 2008 | 8.29 billion current US$ | +27.8% |
| 2009 | 8.03 billion current US$ | -3.2% |
| 2010 | 5.34 billion current US$ | -33.5% |
| 2011 | 6.21 billion current US$ | +16.3% |
| 2012 | 6.74 billion current US$ | +8.6% |
| 2013 | 6.62 billion current US$ | -1.9% |
| 2014 | 7.02 billion current US$ | +6.1% |
| 2015 | 6.33 billion current US$ | -9.8% |
| 2016 | 6.38 billion current US$ | +0.8% |
| 2017 | 7.12 billion current US$ | +11.5% |
| 2018 | 7.81 billion current US$ | +9.7% |
| 2019 | 7.67 billion current US$ | -1.8% |
| 2020 | 8.41 billion current US$ | +9.7% |
| 2021 | 8.27 billion current US$ | -1.7% |
| 2022 | 7.29 billion current US$ | -11.8% |
| 2023 | 8.93 billion current US$ | +22.5% |
| 2024 | 8.44 billion current US$ | -5.4% |
| 2025 | 10.07 billion current US$ | +19.2% |
Latvia compared with similar countries
- Latvia's 10.07 billion current US$ is below the median for high income countries, which is 58.75 billion current US$, 17% of the median. (63 countries reporting)
- Latvia's 10.07 billion current US$ is below the median for Europe & Central Asia, which is 24.45 billion current US$, 41% of the median. (50 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 883.72 million current US$ | 726.63 million current US$ | 1.13 billion current US$ | 5 |
| 2000s | 4.12 billion current US$ | 1.45 billion current US$ | 8.29 billion current US$ | 10 |
| 2010s | 6.72 billion current US$ | 5.34 billion current US$ | 7.81 billion current US$ | 10 |
| 2020s | 8.57 billion current US$ | 7.29 billion current US$ | 10.07 billion current US$ | 6 |
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 savings in Latvia?
- Gross savings in Latvia was 10.07 billion current US$ in 2025, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross savings recorded in Latvia?
- The highest recorded value was 10.07 billion current US$ in 2025.
- What is the lowest gross savings recorded in Latvia?
- The lowest recorded value was 726.63 million current US$ in 1996.
- How does Latvia rank for gross savings?
- Latvia ranks 93rd out of 178 countries with data for 2025.
- Is gross savings rising or falling in Latvia?
- Over the last ten years it is up 59.0%. The long-run trend across the full record is volatile.
- Where does this Latvia data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Gross savings (current US$). Statizoid updates them automatically from the source API.
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About this data
Savings is an amount that represents the part of disposable income (adjusted for the change in pension entitlements) that is not spent on final consumption. Gross savings are calculated as gross national income less total consumption, plus net transfers. 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.