Assuming you really want svg: In newer versions of inkscape you can export the text separately. That is you get a .pdf file that only contains the image-information and a .pdf-tex that contains latex-commands to overlay the text. The big advantage then is that you have full access to latex functionalities. You could for example say in gnuplot
set xlable '$\sum\xi^\Xi$'
set term svg ....; set out 'mysvg.svg'
#plot something
and then you go to inkscape or use console
inkscape mysvg.svg --export-pdf mypdf.pdf --export-latex
which also creates mypdf.pdf_tex and then say
\begin{figure}
\input{mypdf.pdf_tex}
\caption{Stackexchange is really helpful}
\end{figure}
in your latex document.
One problem with this approach is that you might get into situations where you need your figure to be self-contained (some journals are ridiculuos for example). For this purpose I have written a tiny bash script that sets up a new .tex document with the figure in it and compiles it so that the result is a pdf with the text on it. (kind of like the old fig2pdf but with svg s)
pdfcairoterminal, or using thecairolatexterminal? – Jake Oct 21 '14 at 10:44latex3in my point of view – Oct 21 '14 at 10:48gnuplottexpackage that allows you to embed gnuplot code directly in your TeX code. – TonioElGringo Jul 08 '15 at 07:21pgfplotspackage, which lets you draw high quality graphs in LaTeX. The main advantage of using the package is that it has a proper interface with LaTeX and lets you define styles, so you can draw graphs in the same consistent style. – Aug 07 '15 at 06:46latex3the same day the question was posted – Aug 07 '15 at 08:04