Bank net interest margin in Latvia
Latvia: Bank net interest margin was 1.8% in 2021. ▼ Falling
Bank net interest margin in Latvia, 2000–2021
Source: Bankscope, Bureau van Dijk (BvD). Measured in %.
Analysis
The most recent figure for bank net interest margin in Latvia is 1.8%, measured in 2021.
The figure is down 8.9% on the previous year and down 14.3% over ten years.
Over the whole period, bank net interest margin in Latvia peaked at 4.4% in 2000 and was at its lowest, 1.6%, in 2010.
Latvia ranks 130th of 166 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 22 years of available data.
Bank net interest margin in Latvia, year by year
| Year | % | Change |
|---|---|---|
| 2000 | 4.4% | — |
| 2001 | 3.8% | -15.1% |
| 2002 | 3.6% | -4.0% |
| 2003 | 3.2% | -11.7% |
| 2004 | 3.3% | +3.4% |
| 2005 | 3.1% | -5.8% |
| 2006 | 3.2% | +2.1% |
| 2007 | 3.3% | +3.5% |
| 2008 | 2.9% | -12.8% |
| 2009 | 2.0% | -29.5% |
| 2010 | 1.6% | -23.4% |
| 2011 | 2.1% | +33.8% |
| 2012 | 2.1% | +1.1% |
| 2013 | 2.3% | +10.7% |
| 2014 | 2.0% | -12.2% |
| 2015 | 1.9% | -9.0% |
| 2016 | 2.6% | +39.7% |
| 2017 | 2.3% | -12.7% |
| 2018 | 2.0% | -9.9% |
| 2019 | 2.0% | -2.6% |
| 2020 | 2.0% | -1.8% |
| 2021 | 1.8% | -8.9% |
Latvia compared with similar countries
- Latvia's 1.8% is below the median for high income countries, which is 1.9%, 92% of the median. (62 countries reporting)
- Latvia's 1.8% is below the median for Europe & Central Asia, which is 2.0%, 89% of the median. (50 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 3.3% | 2.0% | 4.4% | 10 |
| 2010s | 2.1% | 1.6% | 2.6% | 10 |
| 2020s | 1.9% | 1.8% | 2.0% | 2 |
Countries ranked near Latvia
- 127 United Kingdom 1.8% compare
- 128 Cuba 1.8% compare
- 129 Norway 1.8% compare
- 131 Turkmenistan 1.7% compare
- 132 Afghanistan 1.7% compare
- 133 Slovenia 1.7% compare
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 net interest margin in Latvia?
- Bank net interest margin in Latvia was 1.8% in 2021, according to Bankscope, Bureau van Dijk (BvD).
- What is the highest bank net interest margin recorded in Latvia?
- The highest recorded value was 4.4% in 2000.
- What is the lowest bank net interest margin recorded in Latvia?
- The lowest recorded value was 1.6% in 2010.
- How does Latvia rank for bank net interest margin?
- Latvia ranks 130th out of 166 countries with data for 2021.
- Is bank net interest margin rising or falling in Latvia?
- Over the last ten years it is down 14.3%. The long-run trend across the full record is falling.
- Where does this Latvia data come from?
- The figures come from Bankscope, Bureau van Dijk (BvD), published as part of Bank net interest margin (%). Statizoid updates them automatically from the source API.
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About this data
Raw data are from Bankscope. Data2080[t] / ((data2010[t] + data2010[t-1])/2). Numerator and denominator are aggregated on the country level before division. Note that banks used in the calculation might differ between indicators. Calculated from underlying bank-by-bank unconsolidated data from Bankscope.