Account ownership at a financial institution or with a in Latvia
Latvia: Account ownership at a financial institution or with a was 94.4% in 2024. ▲ Rising
Account ownership at a financial institution or with a in Latvia, 2011–2024
Source: Global Findex Database, World Bank (WB). Measured in % of population ages 15+.
Analysis
In 2024, account ownership at a financial institution or with a in Latvia stood at 94.4%.
That represents a change of down 1.1% on the previous year and up 4.6% over ten years.
Over the whole period, account ownership at a financial institution or with a in Latvia peaked at 95.5% in 2021 and was at its lowest, 86.7%, in 2011.
That places Latvia 28th out of 106 countries with data for 2024, putting it in the middle of the range.
Account ownership at a financial institution or with a in Latvia, year by year
| Year | % of population ages 15+ | Change |
|---|---|---|
| 2011 | 86.7% | — |
| 2014 | 90.3% | +4.1% |
| 2017 | 94.1% | +4.2% |
| 2021 | 95.5% | +1.5% |
| 2024 | 94.4% | -1.1% |
Latvia compared with similar countries
- Latvia's 94.4% is below the median for high income countries, which is 97.0%, 97% of the median. (42 countries reporting)
- Latvia's 94.4% is above the median for Europe & Central Asia, which is 93.3%, 1.0× the median. (40 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 90.4% | 86.7% | 94.1% | 3 |
| 2020s | 95.0% | 94.4% | 95.5% | 2 |
Countries ranked near Latvia
More financial sector data for Latvia
- Reserve position in the IMF, US dollar, annual growth rate 68.5 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0016 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 43.27 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 60.46 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0012 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 31.6 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 68.5 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0016 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 43.27 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 60.46 % change on previous year (2025)
Frequently asked questions
- What is account ownership at a financial institution or with a in Latvia?
- Account ownership at a financial institution or with a in Latvia was 94.4% in 2024, according to Global Findex Database, World Bank (WB).
- What is the highest account ownership at a financial institution or with a recorded in Latvia?
- The highest recorded value was 95.5% in 2021.
- What is the lowest account ownership at a financial institution or with a recorded in Latvia?
- The lowest recorded value was 86.7% in 2011.
- How does Latvia rank for account ownership at a financial institution or with a?
- Latvia ranks 28th out of 106 countries with data for 2024.
- Is account ownership at a financial institution or with a rising or falling in Latvia?
- Over the last ten years it is up 4.6%. The long-run trend across the full record is rising.
- Where does this Latvia data come from?
- The figures come from Global Findex Database, World Bank (WB), published as part of Account ownership at a financial institution or with a mobile-money-service provider, male (% of population ages 15+). Statizoid updates them automatically from the source API.
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About this data
Account denotes the percentage of respondents who report having an account (by themselves or together with someone else) at a bank or another type of financial institution or report personally using a mobile money service in the past 12 months (male, % age 15+).