Belgium vs Latvia: Loans from nonresident banks (amounts outstanding) to GDP
Loans from nonresident banks (amounts outstanding) to GDP over time
- Belgium
- Latvia
How they compare
Belgium currently reports 48.9% against 41.1% in Latvia, a difference of 7.8%.
That makes Belgium's figure about 1.2 times Latvia's.
Across all 23 years both countries report, Belgium has been ahead every year.
Belgium ranks 29th and Latvia ranks 32nd of 136 countries.
Belgium has averaged higher in every one of the 4 decades both report.
Head to head by decade
| Decade | Belgium | Latvia | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 32.8% | 3.0% | 29.8% | Belgium |
| 2000s | 52.5% | 4.6% | 47.9% | Belgium |
| 2010s | 65.2% | 21.4% | 43.9% | Belgium |
| 2020s | 55.4% | 41.0% | 14.4% | Belgium |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher loans from nonresident banks (amounts outstanding) to gdp, Belgium or Latvia?
- Belgium, at 48.9% against 41.1% in Latvia as of 2021.
- What is the difference in loans from nonresident banks (amounts outstanding) to gdp between Belgium and Latvia?
- 7.8%, with Belgium ahead.
- How many years of comparable data are there for Belgium and Latvia?
- 23 years are reported by both, from 1999 to 2021.
- How do Belgium and Latvia rank globally for loans from nonresident banks (amounts outstanding) to gdp?
- Belgium ranks 29th 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.