Latvia vs Russian Federation: Total factoring volume to GDP

Latvia
3.0%
in 2020
Russian Federation
3.5%
in 2020
Latvia rank
35th
Russian Federation rank
32nd

Total factoring volume to GDP over time

  • Latvia
  • Russian Federation
0246200720132020

How they compare

Russian Federation currently reports 3.5% against 3.0% in Latvia, a difference of 0.5%.

That makes Russian Federation's figure about 1.2 times Latvia's.

The two have swapped places 1 time across 14 shared years of data; in 2007 it was Latvia ahead.

Latvia ranks 35th and Russian Federation ranks 32nd of 73 countries.

Across the 3 decades both report, Latvia averaged higher in 2 and Russian Federation in 1.

Head to head by decade

Decade Latvia Russian Federation Difference Ahead
2000s 5.4% 1.3% 4.1% Latvia
2010s 2.6% 2.2% 0.5% Latvia
2020s 3.0% 3.5% 0.5% Russian Federation

Averages of every year both report within each decade.

Frequently asked questions

Which has higher total factoring volume to gdp, Latvia or Russian Federation?
Russian Federation, at 3.5% against 3.0% in Latvia as of 2020.
What is the difference in total factoring volume to gdp between Latvia and Russian Federation?
0.5%, with Russian Federation ahead.
How many years of comparable data are there for Latvia and Russian Federation?
14 years are reported by both, from 2007 to 2020.
How do Latvia and Russian Federation rank globally for total factoring volume to gdp?
Latvia ranks 35th and Russian Federation ranks 32nd of 73 countries.
Where does this data come from?
Factors Chain International, published as Total factoring volume to GDP (%). Statizoid refreshes it automatically from the source and publishes the full history for both places.

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Latvia vs Russian Federation: Total factoring volume to GDP. Statizoid, drawing on Factors Chain International. Retrieved 04 September 2026, from https://financial-sector.statizoid.com/compare/total-factoring-volume-to-gdp-percent/latvia/russian-federation/

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About this data

Indicator
Total factoring volume to GDP (%)
Unit
%
Source
Factors Chain International
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
73 places, 947 data points, 2007–2020
Last refreshed

GDP data provided by IFS and converted into USD using IFS exchange rates.