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