Canada vs Latvia: Loans from nonresident banks (net) to GDP
Loans from nonresident banks (net) to GDP over time
- Canada
- Latvia
How they compare
Latvia currently reports 4.0% against 2.6% in Canada, a difference of 1.4%.
That makes Latvia's figure about 1.5 times Canada's.
The two have swapped places 4 times across 12 shared years of data; in 1999 it was Latvia ahead.
Canada ranks 9th and Latvia ranks 7th of 98 countries.
Across the 4 decades both report, Canada averaged higher in 2 and Latvia in 2.
Head to head by decade
| Decade | Canada | Latvia | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 0.1% | 1.0% | 0.9% | Latvia |
| 2000s | 0.5% | 0.4% | 0.2% | Canada |
| 2010s | 0.2% | 1.9% | 1.7% | Latvia |
| 2020s | 1.0% | -1.7% | 2.7% | Canada |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher loans from nonresident banks (net) to gdp, Canada or Latvia?
- Latvia, at 4.0% against 2.6% in Canada as of 2021.
- What is the difference in loans from nonresident banks (net) to gdp between Canada and Latvia?
- 1.4%, with Latvia ahead.
- How many years of comparable data are there for Canada and Latvia?
- 12 years are reported by both, from 1999 to 2021.
- How do Canada and Latvia rank globally for loans from nonresident banks (net) to gdp?
- Canada ranks 9th and Latvia ranks 7th of 98 countries.
- Where does this data come from?
- Bank for International Settlements (BIS), published as Loans from nonresident banks (net) to GDP (%). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Ratio of net 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 12A (Net Issues): International debt securities - all issuers.