Australia vs Latvia: Loans from nonresident banks (amounts outstanding) to GDP
Australia
40.3%
in 2021
Latvia
41.1%
in 2021
Australia rank
34th
Latvia rank
32nd
Loans from nonresident banks (amounts outstanding) to GDP over time
- Australia
- Latvia
How they compare
Latvia currently reports 41.1% against 40.3% in Australia, a difference of 0.8%.
The two have swapped places 1 time across 23 shared years of data; in 1999 it was Australia ahead.
Australia ranks 34th and Latvia ranks 32nd of 136 countries.
Australia has averaged higher in every one of the 4 decades both report.
Head to head by decade
| Decade | Australia | Latvia | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 23.1% | 3.0% | 20.1% | Australia |
| 2000s | 40.3% | 4.6% | 35.7% | Australia |
| 2010s | 44.6% | 21.4% | 23.2% | Australia |
| 2020s | 43.4% | 41.0% | 2.4% | Australia |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher loans from nonresident banks (amounts outstanding) to gdp, Australia or Latvia?
- Latvia, at 41.1% against 40.3% in Australia as of 2021.
- What is the difference in loans from nonresident banks (amounts outstanding) to gdp between Australia and Latvia?
- 0.8%, with Latvia ahead.
- How many years of comparable data are there for Australia and Latvia?
- 23 years are reported by both, from 1999 to 2021.
- How do Australia and Latvia rank globally for loans from nonresident banks (amounts outstanding) to gdp?
- Australia ranks 34th and Latvia ranks 32nd of 136 countries.
- Where does this data come from?
- Bank for International Settlements (BIS), published as Loans from nonresident banks (amounts outstanding) to GDP (%). Statizoid refreshes it automatically from the source and publishes the full history for both places.
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About this data
Ratio of outstanding offshore bank loans to GDP. An offshore bank is a bank located outside the country of residence of the depositor, typically in a low tax jurisdiction (or tax haven) that provides financial and legal advantages. Offshore bank loan data from BIS Statistical Appendix Table 7A: External loans and deposits of reporting banks vis-à-vis all sectors.