Latvia vs Uruguay: Loans from nonresident banks (amounts outstanding) to GDP
Latvia
41.1%
in 2021
Uruguay
40.1%
in 2021
Latvia rank
32nd
Uruguay rank
35th
Loans from nonresident banks (amounts outstanding) to GDP over time
- Latvia
- Uruguay
How they compare
Latvia currently reports 41.1% against 40.1% in Uruguay, a difference of 1.0%.
The two have swapped places 3 times across 23 shared years of data; in 1999 it was Uruguay ahead.
Latvia ranks 32nd and Uruguay ranks 35th of 136 countries.
Across the 4 decades both report, Latvia averaged higher in 1 and Uruguay in 3.
Head to head by decade
| Decade | Latvia | Uruguay | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 3.0% | 11.1% | 8.1% | Uruguay |
| 2000s | 4.6% | 30.7% | 26.1% | Uruguay |
| 2010s | 21.4% | 25.8% | 4.5% | Uruguay |
| 2020s | 41.0% | 40.9% | 0.1% | Latvia |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher loans from nonresident banks (amounts outstanding) to gdp, Latvia or Uruguay?
- Latvia, at 41.1% against 40.1% in Uruguay as of 2021.
- What is the difference in loans from nonresident banks (amounts outstanding) to gdp between Latvia and Uruguay?
- 1.0%, with Latvia ahead.
- How many years of comparable data are there for Latvia and Uruguay?
- 23 years are reported by both, from 1999 to 2021.
- How do Latvia and Uruguay rank globally for loans from nonresident banks (amounts outstanding) to gdp?
- Latvia ranks 32nd and Uruguay ranks 35th 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.