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

Latvia
31.8%
in 2021
Mexico
35.8%
in 2021
Latvia rank
117th
Mexico rank
114th

Private credit by deposit money banks and other financial over time

  • Latvia
  • Mexico
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How they compare

Mexico currently reports 35.8% against 31.8% in Latvia, a difference of 4.0%.

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

The two have swapped places 2 times across 26 shared years of data; in 1995 it was Mexico ahead.

Latvia ranks 117th and Mexico ranks 114th of 187 countries.

Across the 4 decades both report, Latvia averaged higher in 2 and Mexico in 2.

Head to head by decade

Decade Latvia Mexico Difference Ahead
1990s 10.7% 19.0% 8.3% Mexico
2000s 52.9% 16.7% 36.2% Latvia
2010s 55.7% 30.4% 25.3% Latvia
2020s 33.1% 37.0% 3.8% Mexico

Averages of every year both report within each decade.

Frequently asked questions

Which has higher private credit by deposit money banks and other financial, Latvia or Mexico?
Mexico, at 35.8% against 31.8% in Latvia as of 2021.
What is the difference in private credit by deposit money banks and other financial between Latvia and Mexico?
4.0%, with Mexico ahead.
How many years of comparable data are there for Latvia and Mexico?
26 years are reported by both, from 1995 to 2021.
How do Latvia and Mexico rank globally for private credit by deposit money banks and other financial?
Latvia ranks 117th and Mexico ranks 114th 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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Latvia vs Mexico: 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/latvia/mexico/

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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)