Latvia - Gross savings (% of GDP)

Gross savings (% of GDP) in Latvia was 25.22 as of 2020. Its highest value over the past 25 years was 30.30 in 2009, while its lowest value was 12.22 in 1996.

Definition: Gross savings are calculated as gross national income less total consumption, plus net transfers.

Source: World Bank national accounts data, and OECD National Accounts data files.

See also:

Year Value
1995 12.87
1996 12.22
1997 13.95
1998 15.96
1999 12.56
2000 18.36
2001 19.20
2002 20.21
2003 20.96
2004 20.72
2005 23.40
2006 19.20
2007 21.11
2008 23.22
2009 30.30
2010 22.16
2011 22.44
2012 23.87
2013 21.83
2014 22.27
2015 23.17
2016 22.77
2017 23.30
2018 23.05
2019 22.59
2020 25.22

Statistical Concept and Methodology: Gross savings represent the difference between disposable income and consumption and replace gross domestic savings, a concept used by the World Bank and included in World Development Indicators editions before 2006. The change was made to conform to SNA concepts and definitions.

Aggregation method: Weighted average

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts