Account ownership at a financial institution or with a in Latvia

Latvia: Account ownership at a financial institution or with a was 91.6% in 2024. ▲ Rising

Latest (2024)
91.6%
Change on year
down 2.6%
World rank
24th
of 102 countries
All-time high
94.1%
in 2021
All-time low
84.6%
in 2011
Years of data
5
2011–2024

Account ownership at a financial institution or with a in Latvia, 2011–2024

0204060801002011201720242011: 84.6 % of population ages 15+2014: 86.5 % of population ages 15+2017: 88.5 % of population ages 15+2021: 94.1 % of population ages 15+2024: 91.6 % of population ages 15+

Source: Global Findex Database, World Bank (WB). Measured in % of population ages 15+.

Analysis

The most recent figure for account ownership at a financial institution or with a in Latvia is 91.6%, measured in 2024.

Compared with earlier readings it is down 2.6% on the previous year and up 5.9% over ten years.

Over the whole period, account ownership at a financial institution or with a in Latvia peaked at 94.1% in 2021 and was at its lowest, 84.6%, in 2011.

Latvia ranks 24th of 102 countries on this measure, in the top quarter.

Account ownership at a financial institution or with a in Latvia, year by year

Annual values for Account ownership at a financial institution or with a mobile-money-service provider, poorest 40% (% of population ages 15+) in Latvia, 2011 to 2024.
Year % of population ages 15+ Change
2011 84.6%
2014 86.5% +2.3%
2017 88.5% +2.3%
2021 94.1% +6.2%
2024 91.6% -2.6%

Averages by decade

DecadeAverage LowestHighest Years
2010s 86.5% 84.6% 88.5% 3
2020s 92.8% 91.6% 94.1% 2

Countries ranked near Latvia

  1. 21 Republic of Korea 94.2% compare
  2. 22 Cyprus 94.2% compare
  3. 23 Malta 93.4% compare
  4. 25 Thailand 91.2% compare
  5. 26 Portugal 87.7% compare
  6. 27 Croatia 87.6% compare

See the full ranking of 114 places →

More financial sector data for Latvia

All data for Latvia →

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 91.6% 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 94.1% in 2021.
What is the lowest account ownership at a financial institution or with a recorded in Latvia?
The lowest recorded value was 84.6% in 2011.
How does Latvia rank for account ownership at a financial institution or with a?
Latvia ranks 24th out of 102 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 5.9%. 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, poorest 40% (% of population ages 15+). Statizoid updates them automatically from the source API.

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Account ownership at a financial institution or with a in Latvia. Statizoid, drawing on Global Findex Database, World Bank (WB). Retrieved 09 September 2026, from https://financial-sector.statizoid.com/stat/account-ownership-at-a-financial-institution-or-with-a-mobile-money-service-provider/latvia/

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About this data

Indicator
Account ownership at a financial institution or with a mobile-money-service provider, poorest 40% (% of population ages 15+)
Unit
% of population ages 15+
Source
Global Findex Database, World Bank (WB)
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
114 places, 570 data points, 2011–2024
Last refreshed

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 (poorest 40%, share of population ages 15+).