Bank branches per 100,000 adults in Latvia
Latvia: Bank branches per 100,000 adults was 6.64 in 2021. ▼ Falling
Bank branches per 100,000 adults in Latvia, 2004–2021
Source: Financial Access Survey (FAS), International Monetary Fund (IMF).
Analysis
Latvia recorded 6.64 for bank branches per 100,000 adults in 2021. That is the lowest value across all 18 years on record.
That represents a change of down 5.9% on the previous year and down 79.7% over ten years.
Over the whole period, bank branches per 100,000 adults in Latvia peaked at 37.36 in 2007 and was at its lowest, 6.64, in 2021.
Latvia ranks 131st of 185 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 18 years of available data.
Bank branches per 100,000 adults in Latvia, year by year
| Year | Value | Change |
|---|---|---|
| 2004 | 31.59 | — |
| 2005 | 31.88 | +0.9% |
| 2006 | 33.41 | +4.8% |
| 2007 | 37.36 | +11.8% |
| 2008 | 36.61 | -2.0% |
| 2009 | 35.35 | -3.4% |
| 2010 | 34.18 | -3.3% |
| 2011 | 32.76 | -4.2% |
| 2012 | 24.62 | -24.8% |
| 2013 | 21.57 | -12.4% |
| 2014 | 20.37 | -5.6% |
| 2015 | 18.05 | -11.4% |
| 2016 | 17.1 | -5.3% |
| 2017 | 16.47 | -3.7% |
| 2018 | 14.7 | -10.7% |
| 2019 | 9.74 | -33.8% |
| 2020 | 7.05 | -27.6% |
| 2021 | 6.64 | -5.9% |
Latvia compared with similar countries
- Latvia's 6.64 is below the median for high income countries, which is 20.69, 32% of the median. (61 countries reporting)
- Latvia's 6.64 is below the median for Europe & Central Asia, which is 22.88, 29% of the median. (48 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 34.37 | 31.59 | 37.36 | 6 |
| 2010s | 20.96 | 9.74 | 34.18 | 10 |
| 2020s | 6.84 | 6.64 | 7.05 | 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 bank branches per 100,000 adults in Latvia?
- Bank branches per 100,000 adults in Latvia was 6.64 in 2021, according to Financial Access Survey (FAS), International Monetary Fund (IMF).
- What is the highest bank branches per 100,000 adults recorded in Latvia?
- The highest recorded value was 37.36 in 2007.
- What is the lowest bank branches per 100,000 adults recorded in Latvia?
- The lowest recorded value was 6.64 in 2021.
- How does Latvia rank for bank branches per 100,000 adults?
- Latvia ranks 131st out of 185 countries with data for 2021.
- Is bank branches per 100,000 adults rising or falling in Latvia?
- Over the last ten years it is down 79.7%. The long-run trend across the full record is falling.
- Where does this Latvia data come from?
- The figures come from Financial Access Survey (FAS), International Monetary Fund (IMF), published as part of Bank branches per 100,000 adults. Statizoid updates them automatically from the source API.
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About this data
For each country calculated as: 100,000*reported number of depositors/adult population in the reporting country.