Latvia: Adjusted savings, net national savings (current US$)

Key figures

What the numbers say

In 2021, Latvia's adjusted savings, net national savings (current US$) fell US$696.93 million on 2020 (from US$799.55 million to US$102.61 million).

Across the 25 yearly changes before that (1996 to 2020), the average change was +US$92.87 million and a typical year strayed about US$696.61 million from that (the standard deviation). This year's change was 1.1 standard deviations below that average, so it was larger than a typical year, though not out of the range seen before.

On record, the biggest yearly rise was US$1.3 billion in 2009 and the biggest yearly fall was US$2.53 billion in 2010. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2012 to 2021 the straight-line trend is upward, about US$134.13 million a year. A straight line explains 64% of the movement over 10 observed years.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

How it compares

In 2021, Latvia had the 113th highest value of the 132 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.

Closest to Latvia in the 2021 ranking

• Bahamas, The — 110th of 132: US$227.71 million
• Belize — 111th of 132: US$180.31 million
• Eswatini — 112th of 132: US$104.31 million
• Aruba — 114th of 132: US$97.34 million
• Comoros — 115th of 132: US$88.76 million
• Sudan — 116th of 132: −US$5.17 million

What this measures

Net national savings are equal to gross national savings less the value of consumption of fixed capital. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.

All 27 values

Adjusted savings, net national savings (current US$) in nearby economies

• Albania — US$457.58 million (2021)
• Armenia — US$542.25 million (2021)
• Austria — US$41.3 billion (2021)
• Azerbaijan — US$13.29 billion (2021)
• Belarus — US$8.86 billion (2021)
• Belgium — US$41.28 billion (2021)
• Bosnia and Herzegovina — US$1.34 billion (2021)
• Bulgaria — US$6.05 billion (2021)
• Croatia — US$4.34 billion (2021)
• Cyprus

More economic policy & debt data for Latvia

• Adjusted savings, education expenditure (% of GNI) — 3.81% (2021)
• Adjusted savings, mineral depletion (current US$) — US$0 (2021)
• Net financial flows, IBRD (NFL, current US$) — −US$88.67 million (2016)
• GDP (current LCU) — 43.03 billion (2025)
• GDP, linked series (current LCU) — 43.03 billion (2025)
• GDP (constant 2015 US$) — US$31.21 billion (2025)
• GDP (constant LCU) — 32.21 billion (2025)
• GDP, PPP (current international $) — 85.25 billion (2025)
• GDP, PPP (constant 2021 international $) — 71.7 billion (2025)
• GDP per capita (current LCU) — 23,285 (2025)

Reading data like this

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Questions people ask

What is Latvia's adjusted savings, net national savings (current US$)?

US$102.61 million in 2021, according to the World Bank (World Development Indicators).

How has it changed since 1995?

It is up 106.74% from −US$1.52 billion in 1995. The highest value was US$1.78 billion in 2009 and the lowest −US$1.52 billion in 1995.

How does Latvia rank?

113th highest of 132 economies with data for 2021.

Is the latest change in adjusted savings, net national savings (current US$) unusual for Latvia?

In 2021, Latvia's adjusted savings, net national savings (current US$) fell US$696.93 million on 2020 (from US$799.55 million to US$102.61 million). Across the 25 yearly changes before that (1996 to 2020), the average change was +US$92.87 million and a typical year strayed about US$696.61 million from that (the standard deviation). This year's change was 1.1 standard deviations below that average, so it was larger than a typical year, though not out of the range seen before.

Source

World Bank, World Development Indicators, indicator NY.ADJ.NNAT.CD, licensed CC BY 4.0. Original source: Staff estimates, World Bank (WB); The Changing Wealth of Nations: Measuring Sustainable Development in the New Millennium, World Bank (WB) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.

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