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% |
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
- Reserves excluding gold, foreign exchange (SDR), annual growth rate 7.49 % change on previous year (2025)
- Reserves excluding gold, foreign exchange (SDR), per unit of GDP 0.0671 SDR per US$ of GDP (2025)
- Reserves excluding gold, foreign exchange (SDR), per capita 1,766 SDR per person (2025)
- Reserves excluding gold (SDR), annual growth rate 7.14 % change on previous year (2025)
- Reserves excluding gold (SDR), per capita 2,037 SDR per person (2025)
- Total reserves (gold at market value) (SDR), annual growth rate 12.82 % change on previous year (2025)
- Total reserves (gold at market value) (SDR), per capita 2,407 SDR per person (2025)
- Total reserves (gold at national valuation) (SDR), annual growth rate 12.61 % change on previous year (2025)
- Total reserves (gold at national valuation) (SDR), per capita 2,402 SDR per person (2025)
- Total reserves in months of imports, annual growth rate 9.15 % 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.