Latvia - Adjusted savings: gross savings (% of GNI)

Adjusted savings: gross savings (% of GNI) in Latvia was 22.00 as of 2019. Its highest value over the past 24 years was 28.60 in 2009, while its lowest value was 12.30 in 1996.

Definition: Gross savings are the difference between gross national income and public and private consumption, plus net current transfers.

Source: World Bank national accounts data files.

See also:

Year Value
1995 13.00
1996 12.30
1997 14.00
1998 16.01
1999 12.85
2000 18.56
2001 19.34
2002 20.37
2003 21.30
2004 21.40
2005 24.00
2006 19.80
2007 22.00
2008 23.80
2009 28.60
2010 22.20
2011 23.50
2012 23.80
2013 22.60
2014 22.40
2015 23.40
2016 22.90
2017 23.50
2018 23.90
2019 22.00

Limitations and Exceptions: Because gross savings is calculated as a residual it includes errors, which may not be offsetting, in its components.

Statistical Concept and Methodology: Gross savings are calculated as a residual from the national accounts by taking the difference between income earned by residents (including income received from abroad and workers' remittances) and their consumption expenditures.

Aggregation method: Weighted average

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts