Azerbaijan vs Latvia: Credit to government and state-owned enterprises to GDP

Azerbaijan
3.5%
in 2020
Latvia
3.3%
in 2020
Azerbaijan rank
159th
Latvia rank
161st

Credit to government and state-owned enterprises to GDP over time

  • Azerbaijan
  • Latvia
0204060199220062020

How they compare

Azerbaijan currently reports 3.5% against 3.3% in Latvia, a difference of 0.2%.

That makes Azerbaijan's figure about 1.1 times Latvia's.

The two have swapped places 10 times across 27 shared years of data; in 1993 it was Azerbaijan ahead.

Azerbaijan ranks 159th and Latvia ranks 161st of 178 countries.

Across the 4 decades both report, Azerbaijan averaged higher in 2 and Latvia in 2.

Head to head by decade

Decade Azerbaijan Latvia Difference Ahead
1990s 18.1% 5.0% 13.0% Azerbaijan
2000s 2.7% 2.8% 0.0% Latvia
2010s 2.9% 3.4% 0.6% Latvia
2020s 3.5% 3.3% 0.2% Azerbaijan

Averages of every year both report within each decade.

Frequently asked questions

Which has higher credit to government and state-owned enterprises to gdp, Azerbaijan or Latvia?
Azerbaijan, at 3.5% against 3.3% in Latvia as of 2020.
What is the difference in credit to government and state-owned enterprises to gdp between Azerbaijan and Latvia?
0.2%, with Azerbaijan ahead.
How many years of comparable data are there for Azerbaijan and Latvia?
27 years are reported by both, from 1993 to 2020.
How do Azerbaijan and Latvia rank globally for credit to government and state-owned enterprises to gdp?
Azerbaijan ranks 159th and Latvia ranks 161st of 178 countries.
Where does this data come from?
International Financial Statistics (IFS), International Monetary Fund (IMF), published as Credit to government and state-owned enterprises to GDP (%). Statizoid refreshes it automatically from the source and publishes the full history for both places.

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Azerbaijan vs Latvia: Credit to government and state-owned enterprises to GDP. Statizoid, drawing on International Financial Statistics (IFS), International Monetary Fund (IMF). Retrieved 15 September 2026, from https://financial-sector.statizoid.com/compare/credit-to-government-and-state-owned-enterprises-to-gdp-percent/azerbaijan/latvia/

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About this data

Indicator
Credit to government and state-owned enterprises to GDP (%)
Unit
%
Source
International Financial Statistics (IFS), International Monetary Fund (IMF)
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
178 places, 6,137 data points, 1980–2020
Last refreshed

Raw data are from the electronic version of the IMF’s International Financial Statistics. (IFS line 22A + line 22B + line 22C) / GDP. Local currency GDP is from IFS (line 99B..ZF or, if not available, line 99B.CZF).