Italy vs Latvia: Loans from nonresident banks (amounts outstanding) to GDP
Italy
47.7%
in 2021
Latvia
41.1%
in 2021
Italy rank
30th
Latvia rank
32nd
Loans from nonresident banks (amounts outstanding) to GDP over time
- Italy
- Latvia
How they compare
Italy currently reports 47.7% against 41.1% in Latvia, a difference of 6.6%.
That makes Italy's figure about 1.2 times Latvia's.
Across all 23 years both countries report, Italy has been ahead every year.
Italy ranks 30th and Latvia ranks 32nd of 136 countries.
Italy has averaged higher in every one of the 4 decades both report.
Head to head by decade
| Decade | Italy | Latvia | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 15.8% | 3.0% | 12.8% | Italy |
| 2000s | 37.1% | 4.6% | 32.5% | Italy |
| 2010s | 48.8% | 21.4% | 27.4% | Italy |
| 2020s | 50.9% | 41.0% | 9.9% | Italy |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher loans from nonresident banks (amounts outstanding) to gdp, Italy or Latvia?
- Italy, at 47.7% against 41.1% in Latvia as of 2021.
- What is the difference in loans from nonresident banks (amounts outstanding) to gdp between Italy and Latvia?
- 6.6%, with Italy ahead.
- How many years of comparable data are there for Italy and Latvia?
- 23 years are reported by both, from 1999 to 2021.
- How do Italy and Latvia rank globally for loans from nonresident banks (amounts outstanding) to gdp?
- Italy ranks 30th 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.
Individual pages
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.