Bank non-performing loans to gross loans (%) in Latvia
Latvia: Bank non-performing loans to gross loans (%) was 3.1% in 2020. ◆ Volatile
Bank non-performing loans to gross loans in Latvia, 1998–2020
Source: Financial Soundness Indicators Database (fsi.imf.org), International Monetary Fund (IMF). Measured in %.
Analysis
In 2020, bank non-performing loans to gross loans in Latvia stood at 3.1%.
The figure is down 38.2% on the previous year and down 80.6% over ten years.
Over the whole period, bank non-performing loans to gross loans in Latvia peaked at 15.9% in 2010 and was at its lowest, 0.5%, in 2006.
That places Latvia 84th out of 141 countries with data for 2020, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Bank non-performing loans to gross loans (%) in Latvia, year by year
| Year | % | Change |
|---|---|---|
| 1998 | 6.0% | — |
| 1999 | 6.0% | +0.0% |
| 2000 | 4.6% | -23.3% |
| 2001 | 2.8% | -39.1% |
| 2002 | 2.0% | -28.6% |
| 2003 | 1.4% | -30.0% |
| 2004 | 1.1% | -21.4% |
| 2005 | 0.7% | -36.4% |
| 2006 | 0.5% | -28.6% |
| 2007 | 0.8% | +60.0% |
| 2008 | 2.1% | +162.5% |
| 2009 | 14.3% | +581.0% |
| 2010 | 15.9% | +11.4% |
| 2011 | 14.1% | -11.8% |
| 2012 | 8.7% | -37.9% |
| 2013 | 6.4% | -26.6% |
| 2014 | 4.6% | -28.2% |
| 2015 | 4.6% | +1.0% |
| 2016 | 6.3% | +34.7% |
| 2017 | 5.5% | -12.0% |
| 2018 | 5.3% | -4.0% |
| 2019 | 5.0% | -5.4% |
| 2020 | 3.1% | -38.2% |
Latvia compared with similar countries
- Latvia's 3.1% is above the median for high income countries, which is 2.0%, 1.5× the median. (55 countries reporting)
- Latvia's 3.1% is above the median for Europe & Central Asia, which is 3.1%, 1.0× the median. (47 countries reporting)
Biggest year-on-year movements
Years where Bank non-performing loans to gross loans (%) 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 |
|---|---|---|---|
| 2009 | +581.0% | 2.1% | 14.3% |
| 2008 | +162.5% | 0.8% | 2.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 6.0% | 6.0% | 6.0% | 2 |
| 2000s | 3.0% | 0.5% | 14.3% | 10 |
| 2010s | 7.6% | 4.6% | 15.9% | 10 |
| 2020s | 3.1% | 3.1% | 3.1% | 1 |
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 non-performing loans to gross loans in Latvia?
- Bank non-performing loans to gross loans in Latvia was 3.1% in 2020, according to Financial Soundness Indicators Database (fsi.imf.org), International Monetary Fund (IMF).
- What is the highest bank non-performing loans to gross loans recorded in Latvia?
- The highest recorded value was 15.9% in 2010.
- What is the lowest bank non-performing loans to gross loans recorded in Latvia?
- The lowest recorded value was 0.5% in 2006.
- How does Latvia rank for bank non-performing loans to gross loans?
- Latvia ranks 84th out of 141 countries with data for 2020.
- Is bank non-performing loans to gross loans rising or falling in Latvia?
- Over the last ten years it is down 80.6%. The long-run trend across the full record is volatile.
- Where does this Latvia data come from?
- The figures come from Financial Soundness Indicators Database (fsi.imf.org), International Monetary Fund (IMF), published as part of Bank non-performing loans to gross loans (%). Statizoid updates them automatically from the source API.
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About this data
Reported by IMF staff. Note that due to differences in national accounting, taxation, and supervisory regimes, these data are not strictly comparable across countries.