Latvia: Gross savings (current US$)

Key figures

What the numbers say

In 2025, Latvia's gross savings (current US$) rose 17.4% on 2024 (from US$8.28 billion to US$9.72 billion).

Across the 29 yearly changes before that (1996 to 2024), the average change was +10.4% and a typical year strayed about 19.8% from that (the standard deviation). This year's change was 0.4 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

On record, the biggest yearly rise was 58.5% in 2007 and the biggest yearly fall was 33.5% 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 2016 to 2025 the straight-line trend is upward, about US$254.83 million a year. A straight line explains 67% 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 2025, Latvia had the 75th highest value of the 100 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 2025 ranking

• Estonia — 71st of 100: US$11.62 billion
• Paraguay — 72nd of 100: US$10.94 billion
• Honduras — 73rd of 100: US$10.66 billion
• Iceland — 75th of 100: US$8.72 billion
• El Salvador — 76th of 100: US$8.37 billion
• Georgia — 77th of 100: US$7.07 billion

What this measures

Savings is an amount that represents the part of disposable income (adjusted for the change in pension entitlements) that is not spent on final consumption. Gross savings are calculated as gross national income less total consumption, plus net transfers. 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 31 values

Gross savings (current US$) in nearby economies

• Albania — US$6.97 billion (2025)
• Armenia — US$5.11 billion (2025)
• Austria — US$149.56 billion (2025)
• Azerbaijan — US$17.82 billion (2025)
• Belarus — US$23.71 billion (2025)
• Belgium — US$173.94 billion (2025)
• Bosnia and Herzegovina — US$6.58 billion (2025)
• Bulgaria — US$21.87 billion (2025)
• Croatia — US$22.07 billion (2025)
• Cyprus — US$5.3 billion (2025)
• Czechia — US$108.48 billion (2025)

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 gross savings (current US$)?

US$9.72 billion in 2025, according to the World Bank (World Development Indicators).

How has it changed since 1995?

It is up 1,213% from US$740.31 million in 1995 (8.96% a year on average, compounded). The highest value was US$9.72 billion in 2025 and the lowest US$726.63 million in 1996.

How does Latvia rank?

75th highest of 100 economies with data for 2025.

Is the latest change in gross savings (current US$) unusual for Latvia?

In 2025, Latvia's gross savings (current US$) rose 17.4% on 2024 (from US$8.28 billion to US$9.72 billion). Across the 29 yearly changes before that (1996 to 2024), the average change was +10.4% and a typical year strayed about 19.8% from that (the standard deviation). This year's change was 0.4 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

Source

World Bank, World Development Indicators, indicator NY.GNS.ICTR.CD, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Offices (NSOs); National Accounts data files, Central Banks; Staff estimates, 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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