Gross savings in Latvia
Latvia: Gross savings was 20.7% in 2025. ▲ Rising
Gross savings in Latvia, 1995–2025
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GDP.
Analysis
Latvia recorded 20.7% for gross savings in 2025.
That represents a change of up 7.9% on the previous year and down 13.8% over ten years.
Over the whole period, gross savings in Latvia peaked at 31.2% in 2009 and was at its lowest, 12.5%, in 1996.
Latvia ranks 98th of 177 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 savings in Latvia, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1995 | 13.2% | — |
| 1996 | 12.5% | -5.1% |
| 1997 | 14.0% | +12.0% |
| 1998 | 16.1% | +15.1% |
| 1999 | 12.8% | -20.9% |
| 2000 | 18.7% | +46.3% |
| 2001 | 19.4% | +4.0% |
| 2002 | 20.7% | +6.5% |
| 2003 | 21.7% | +5.0% |
| 2004 | 21.4% | -1.3% |
| 2005 | 24.2% | +12.9% |
| 2006 | 20.0% | -17.2% |
| 2007 | 22.0% | +10.1% |
| 2008 | 24.3% | +10.2% |
| 2009 | 31.2% | +28.6% |
| 2010 | 22.7% | -27.2% |
| 2011 | 23.4% | +2.7% |
| 2012 | 24.9% | +6.5% |
| 2013 | 22.7% | -8.7% |
| 2014 | 23.2% | +2.2% |
| 2015 | 24.0% | +3.7% |
| 2016 | 23.5% | -2.1% |
| 2017 | 24.2% | +2.9% |
| 2018 | 23.5% | -3.0% |
| 2019 | 23.2% | -1.3% |
| 2020 | 25.2% | +8.8% |
| 2021 | 21.7% | -14.0% |
| 2022 | 19.2% | -11.4% |
| 2023 | 20.9% | +8.8% |
| 2024 | 19.2% | -8.1% |
| 2025 | 20.7% | +7.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 13.7% | 12.5% | 16.1% | 5 |
| 2000s | 22.4% | 18.7% | 31.2% | 10 |
| 2010s | 23.5% | 22.7% | 24.9% | 10 |
| 2020s | 21.1% | 19.2% | 25.2% | 6 |
Countries ranked near Latvia
More economy & growth data for Latvia
- Manufacturing, value added (constant LCU), per capita 1,898 constant LCU per person (2025)
- Industry (including construction), value added (current US$), annual 11.34 % change on previous year (2025)
- Industry (including construction), value added (current US$), per 0.1868 current US$ per US$ of GDP (2025)
- Industry (including construction), value added (current US$), per 4,916 current US$ per person (2025)
- Industry (including construction), value added (current LCU), annual 6.65 % change on previous year (2025)
- Industry (including construction), value added (current LCU), per 0.1654 current LCU per US$ of GDP (2025)
- Industry (including construction), value added (current LCU), per 4,351 current LCU per person (2025)
- Industry (including construction), value added (constant 2015 US$) 4.38 % change on previous year (2025)
- Industry (including construction), value added (constant 2015 US$) 0.1132 constant 2015 US$ per US$ of GDP (2025)
- Industry (including construction), value added (constant 2015 US$) 2,979 constant 2015 US$ per person (2025)
Frequently asked questions
- What is gross savings in Latvia?
- Gross savings in Latvia was 20.7% 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 31.2% in 2009.
- What is the lowest gross savings recorded in Latvia?
- The lowest recorded value was 12.5% in 1996.
- How does Latvia rank for gross savings?
- Latvia ranks 98th out of 177 countries with data for 2025.
- Is gross savings rising or falling in Latvia?
- Over the last ten years it is down 13.8%. 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 Offices (NSOs), published as part of Gross savings (% of GDP). 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 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.