Bank concentration (%) in Latvia
Latvia: Bank concentration (%) was 74.6% in 2021. ▲ Rising
Bank concentration in Latvia, 2000–2021
Source: Bankscope, Bureau van Dijk (BvD). Measured in %.
Analysis
The most recent figure for bank concentration in Latvia is 74.6%, measured in 2021.
Compared with earlier readings it is up 2.3% on the previous year and up 50.6% over ten years.
Over the whole period, bank concentration in Latvia peaked at 88.8% in 2015 and was at its lowest, 48.7%, in 2014.
Latvia ranks 74th of 170 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 22 years of available data.
Bank concentration (%) in Latvia, year by year
| Year | % | Change |
|---|---|---|
| 2000 | 53.9% | — |
| 2001 | 58.5% | +8.7% |
| 2002 | 58.2% | -0.6% |
| 2003 | 57.7% | -1.0% |
| 2004 | 55.2% | -4.3% |
| 2005 | 61.0% | +10.7% |
| 2006 | 62.2% | +2.0% |
| 2007 | 58.5% | -6.0% |
| 2008 | 60.7% | +3.7% |
| 2009 | 57.9% | -4.6% |
| 2010 | 50.3% | -13.2% |
| 2011 | 49.5% | -1.5% |
| 2012 | 50.6% | +2.2% |
| 2013 | 50.7% | +0.2% |
| 2014 | 48.7% | -4.0% |
| 2015 | 88.8% | +82.3% |
| 2016 | 54.4% | -38.7% |
| 2017 | 52.9% | -2.7% |
| 2018 | 61.0% | +15.2% |
| 2019 | 67.1% | +10.0% |
| 2020 | 72.9% | +8.7% |
| 2021 | 74.6% | +2.3% |
Latvia compared with similar countries
- Latvia's 74.6% is above the median for high income countries, which is 73.1%, 1.0× the median. (63 countries reporting)
- Latvia's 74.6% is above the median for Europe & Central Asia, which is 68.9%, 1.1× the median. (50 countries reporting)
Biggest year-on-year movements
Years where Bank concentration (%) in Latvia changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2015 | +82.3% | 48.7% | 88.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 58.4% | 53.9% | 62.2% | 10 |
| 2010s | 57.4% | 48.7% | 88.8% | 10 |
| 2020s | 73.7% | 72.9% | 74.6% | 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 concentration in Latvia?
- Bank concentration in Latvia was 74.6% in 2021, according to Bankscope, Bureau van Dijk (BvD).
- What is the highest bank concentration recorded in Latvia?
- The highest recorded value was 88.8% in 2015.
- What is the lowest bank concentration recorded in Latvia?
- The lowest recorded value was 48.7% in 2014.
- How does Latvia rank for bank concentration?
- Latvia ranks 74th out of 170 countries with data for 2021.
- Is bank concentration rising or falling in Latvia?
- Over the last ten years it is up 50.6%. The long-run trend across the full record is rising.
- Where does this Latvia data come from?
- The figures come from Bankscope, Bureau van Dijk (BvD), published as part of Bank concentration (%). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 22 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Raw data are from Bankscope. (Sum(data2025) for three largest banks in Bankscope) / (Sum(data2025) for all banks in Bankscope). Only reported if number of banks in Bankscope is 3 or more. Calculated from underlying bank-by-bank unconsolidated data from Bankscope.