Latvia: Savings, percent of GDP

* indicates monthly or quarterly data series
 Latvia

Savings as percent of GDP

 Latest value 21.41
 Year 2022
 Measure percent
 Data availability 1995 - 2022
 Average 20.63
 Min - Max 12.22 - 30.26
 Source The World Bank
For that indicator, we provide data for Latvia from 1995 to 2022. The average value for Latvia during that period was 20.63 percent with a minimum of 12.22 percent in 1996 and a maximum of 30.26 percent in 2009. The latest value from 2022 is 21.41 percent. For comparison, the world average in 2022 based on 122 countries is 24.68 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent values chart
Latvia - Savings, percent of GDP - recent values

Historical chart
Latvia - Savings, percent of GDP - historical chart - 1995-2022




The savings in Latvia and other countries is calculated as the difference between income and consumption, expressed as percent of GDP.
Definition: Gross savings are calculated as gross national income less total consumption, plus net transfers.


 Related indicators Latest value Reference Measure
 Share of industry 20.86 2022 percent
 Share of manufacturing 12.61 2022 percent
 Share of services 62.08 2022 percent
 Industry value added 8.83 2022 billion U.S. dollars
 Manufacturing value added 5.31 2022 billion U.S. dollars
 Services value added 25.24 2022 billion U.S. dollars
 Savings, percent of GDP 21.41 2022 percent
 Savings, in dollars 8.76 2022 billion U.S. dollars
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