Kenya vs Latvia: Private credit by deposit money banks to GDP

Kenya
30.9%
in 2021
Latvia
31.8%
in 2021
Kenya rank
115th
Latvia rank
114th

Private credit by deposit money banks to GDP over time

  • Kenya
  • Latvia
020406080100196119912021

How they compare

Latvia currently reports 31.8% against 30.9% in Kenya, a difference of 0.9%.

The two have swapped places 1 time across 26 shared years of data; in 1995 it was Kenya ahead.

Kenya ranks 115th and Latvia ranks 114th of 187 countries.

Across the 4 decades both report, Kenya averaged higher in 1 and Latvia in 3.

Head to head by decade

Decade Kenya Latvia Difference Ahead
1990s 24.3% 10.7% 13.7% Kenya
2000s 25.1% 52.9% 27.8% Latvia
2010s 30.7% 55.7% 25.0% Latvia
2020s 31.5% 33.1% 1.7% Latvia

Averages of every year both report within each decade.

Frequently asked questions

Which has higher private credit by deposit money banks to gdp, Kenya or Latvia?
Latvia, at 31.8% against 30.9% in Kenya as of 2021.
What is the difference in private credit by deposit money banks to gdp between Kenya and Latvia?
0.9%, with Latvia ahead.
How many years of comparable data are there for Kenya and Latvia?
26 years are reported by both, from 1995 to 2021.
How do Kenya and Latvia rank globally for private credit by deposit money banks to gdp?
Kenya ranks 115th and Latvia 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 to GDP (%). Statizoid refreshes it automatically from the source and publishes the full history for both places.

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Kenya vs Latvia: Private credit by deposit money banks to GDP. Statizoid, drawing on International Financial Statistics (IFS), International Monetary Fund (IMF). Retrieved 16 September 2026, from https://financial-sector.statizoid.com/compare/private-credit-by-deposit-money-banks-to-gdp-percent/kenya/latvia/

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About this data

Indicator
Private credit by deposit money banks to GDP (%)
Unit
%
Source
International Financial Statistics (IFS), International Monetary Fund (IMF)
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
187 places, 8,608 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 (IFS line 22d); 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).