Latvia Gross Savings
Gross savings as % of GDP NY.GNS.ICTR.ZS
Latvia's gross savings was 19.23% in 2025, ranked 101st globally. This represents a 0.5% decrease from 2024. Data from World Bank, covering 1992–2025.
Overview
Latvia's gross savings stood at 19.23% in 2025, a decline of +0.10% from 2024. The IMF projects 19.23% by 2025. Latvia ranked 101st globally.
Latvia’s gross savings ratio has edged upward to 19.23 percent in 2025, placing the country 101st in the world and just above peers such as Mongolia (19.10) and The Gambia (19.24). The indicator has shown modest long‑term stability over the 34‑year series, rising from an early low of 18.79 percent in 1992 to a pronounced peak of 31.25 percent during the post‑global‑financial‑crisis rebound in 2009, before falling to a trough of 12.53 percent in 1996 amid the transition shock of the early independence period. Since the 2009 high, the savings share has gradually retreated, stabilising in the high‑teens as household incomes and fiscal balances have improved. The recent modest increase suggests that continued consolidation of public finances, higher disposable incomes and a gradual shift toward longer‑term investment vehicles could sustain a gentle upward trajectory, while any reversal in growth or fiscal tightening would likely depress the savings rate again.
Data & projection
| Year | Gross Savings | YoY change | Rank |
|---|---|---|---|
| 2030* IMF | 19.48% | - | - |
| 2029* IMF | 19.14% | - | - |
| 2028* IMF | 18.95% | - | - |
| 2027* IMF | 19.04% | - | - |
| 2026* IMF | 19.11% | - | - |
| 2025* IMF | 19.23% | - | - |
| 2025 | 19.23% | −0.10% | #101 |
| 2024 | 19.33% | −1.41% | #107 |
| 2023 | 20.87% | +2.13% | #98 |
| 2022 | 19.18% | −2.47% | #112 |
| 2021 | 21.65% | −3.54% | #97 |
| 2020 | 25.19% | +2.03% | #63 |
| 2019 | 23.16% | −0.32% | #87 |
| 2018 | 23.48% | −0.71% | #83 |
| 2017 | 24.21% | +0.68% | #77 |
| 2016 | 23.53% | −0.51% | #75 |
| 2015 | 24.03% | +0.83% | #74 |
| 2014 | 23.19% | +0.78% | #83 |
| 2013 | 22.70% | −2.07% | #80 |
| 2012 | 24.86% | +1.61% | #67 |
| 2011 | 23.35% | +0.69% | #72 |
Detected Pattern
Analysis
Latvia matched the Export Boom Cycle pattern in 2017. Historically, 71% of countries showing this pattern (546 out of 768) saw gross savings improve within 24 months. View full analysis →
Frequently Asked Questions
Latvia's gross savings was 19.23% in 2025. Ranked 101st globally. This represents a 0.5% decrease from the previous year.
Latvia's gross savings peaked at 31.25% in 2009.
The lowest gross savings in Latvia was 12.53% in 1996.
Latvia ranks 101st globally in gross savings as of 2025.
The World Bank indicator code is NY.GNS.ICTR.ZS. Data sourced from World Bank.
Latvia's gross savings is projected to reach 19.23% by 2025 based on IMF projection.
The gross savings of Latvia in 2025 was 19.23%. This ranks 101st in the world.
Cite this page
@misc{historysaid_latvia_gross-savings,
title = {Latvia Gross Savings},
url = {https://historysaid.com/latvia/gross-savings/},
publisher = {HistorySaid},
year = {2026}
}