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 169 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.
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
- Domestic credit to private sector by banks 29.3% (2024)
- Total reserves in months of imports 2.02 (2025)
- Net domestic credit 16.04 billion current LCU (2024)
- Net foreign assets 9.50 billion current LCU (2024)
- Monetary Sector credit to private sector 29.3% (2024)
- Claims on central government, etc. 3.5% (2024)
- Domestic credit to private sector 29.3% (2024)
- Official exchange rate 0.885 LCU per US$, period average (2025)
- Net migration -7,330 (2025)
- GDP deflator: linked series 133.57 base year varies by country (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 169 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.