Belarus vs Latvia: Private credit by deposit money banks and other financial

Belarus
29.8%
in 2021
Latvia
31.8%
in 2021
Belarus rank
120th
Latvia rank
117th

Private credit by deposit money banks and other financial over time

  • Belarus
  • Latvia
020406080100199520082021

How they compare

Latvia currently reports 31.8% against 29.8% in Belarus, a difference of 2.0%.

That makes Latvia's figure about 1.1 times Belarus's.

Across all 12 years both countries report, Latvia has been ahead every year.

Belarus ranks 120th and Latvia ranks 117th of 187 countries.

Latvia has averaged higher in every one of the 2 decades both report.

Head to head by decade

Decade Belarus Latvia Difference Ahead
2010s 28.3% 55.7% 27.4% Latvia
2020s 31.1% 33.1% 2.0% Latvia

Averages of every year both report within each decade.

Frequently asked questions

Which has higher private credit by deposit money banks and other financial, Belarus or Latvia?
Latvia, at 31.8% against 29.8% in Belarus as of 2021.
What is the difference in private credit by deposit money banks and other financial between Belarus and Latvia?
2.0%, with Latvia ahead.
How many years of comparable data are there for Belarus and Latvia?
12 years are reported by both, from 2010 to 2021.
How do Belarus and Latvia rank globally for private credit by deposit money banks and other financial?
Belarus ranks 120th and Latvia ranks 117th of 187 countries.
Where does this data come from?
International Financial Statistics (IFS), International Monetary Fund (IMF), published as Private credit by deposit money banks and other financial institutions to GDP (%). Statizoid refreshes it automatically from the source and publishes the full history for both places.

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Belarus vs Latvia: Private credit by deposit money banks and other financial. Statizoid, drawing on International Financial Statistics (IFS), International Monetary Fund (IMF). Retrieved 18 September 2026, from https://financial-sector.statizoid.com/compare/private-credit-by-deposit-money-banks-and-other-financial-institutions-to-gdp-percent/belarus/latvia/

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About this data

Indicator
Private credit by deposit money banks and other financial institutions to GDP (%)
Unit
%
Source
International Financial Statistics (IFS), International Monetary Fund (IMF)
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
187 places, 8,619 data points, 1960–2021
Last refreshed

Private credit by deposit money banks and other financial institutions to GDP, calculated using the following deflation method: {(0.5)*[Ft/P_et + Ft-1/P_et-1]}/[GDPt/P_at] where F is credit to the private sector, P_e is end-of period CPI, and P_a is average annual CPI. Raw data are from the electronic version of the IMF’s International Financial Statistics. Private credit by deposit money banks and other financial institutions (IFS lines 22d and 42d); GDP in local currency (IFS line 99B..ZF or, if not available, line 99B.CZF); end-of period CPI (IFS line 64M..ZF or, if not available, 64Q..ZF); and average annual CPI is calculated using the monthly CPI values (IFS line 64M..ZF)