Bank nonperforming loans to total gross loans in Latvia
Latvia: Bank nonperforming loans to total gross loans was 2.5% in 2025. ◆ Volatile
Bank nonperforming loans to total gross loans in Latvia, 2011–2025
Source: Financial Soundness Indicators, International Monetary Fund (IMF). Measured in %.
Analysis
Latvia recorded 2.5% for bank nonperforming loans to total gross loans in 2025.
That represents a change of up 4.0% on the previous year and down 46.8% over ten years.
Over the whole period, bank nonperforming loans to total gross loans in Latvia peaked at 14.1% in 2011 and was at its lowest, 2.3%, in 2022.
Latvia ranks 96th of 150 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Bank nonperforming loans to total gross loans in Latvia, year by year
| Year | % | Change |
|---|---|---|
| 2011 | 14.1% | — |
| 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% |
| 2021 | 2.5% | -20.0% |
| 2022 | 2.3% | -7.5% |
| 2023 | 2.4% | +6.4% |
| 2024 | 2.4% | -2.3% |
| 2025 | 2.5% | +4.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 6.7% | 4.6% | 14.1% | 9 |
| 2020s | 2.5% | 2.3% | 3.1% | 6 |
Countries ranked near Latvia
More financial sector data for Latvia
- Net domestic credit (current LCU), per capita 8,595 current LCU per person (2024)
- Net domestic credit (current LCU), per unit of GDP 0.3645 current LCU per US$ of GDP (2024)
- Net domestic credit (current LCU), annual growth rate -4.89 % change on previous year (2024)
- Gold reserves at 35 SDRs per ounce 7.49 million SDR (2025)
- Gold reserves at market value 682.52 million SDR (2025)
- Reserves excluding gold, foreign exchange 3.27 billion SDR (2025)
- Reserves excluding gold 3.77 billion SDR (2025)
- Total reserves (gold at market value) 4.45 billion SDR (2025)
- Total reserves (gold at national valuation) 4.45 billion SDR (2025)
- Total reserves (gold at national valuation) (SDR), per capita 2,406 SDR per person (2025)
Frequently asked questions
- What is bank nonperforming loans to total gross loans in Latvia?
- Bank nonperforming loans to total gross loans in Latvia was 2.5% in 2025, according to Financial Soundness Indicators, International Monetary Fund (IMF).
- What is the highest bank nonperforming loans to total gross loans recorded in Latvia?
- The highest recorded value was 14.1% in 2011.
- What is the lowest bank nonperforming loans to total gross loans recorded in Latvia?
- The lowest recorded value was 2.3% in 2022.
- How does Latvia rank for bank nonperforming loans to total gross loans?
- Latvia ranks 96th out of 150 countries with data for 2025.
- Is bank nonperforming loans to total gross loans rising or falling in Latvia?
- Over the last ten years it is down 46.8%. The long-run trend across the full record is volatile.
- Where does this Latvia data come from?
- The figures come from Financial Soundness Indicators, International Monetary Fund (IMF), published as part of Bank nonperforming loans to total gross loans (%). Statizoid updates them automatically from the source API.
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About this data
The indicator measures the proportion of a deposit taker’s loan portfolio that is impaired or at risk of default. It is calculated as the ratio of non-performing loans (NPLs) to total gross loans, where NPLs are defined as loans that are past due by 90 days or more or are otherwise considered unlikely to be repaid in full without the realization of collateral. Both non-performing loans and total gross loans should be reported at their gross book value, without deducting for loan-loss provisions or collateral. This indicator provides a key measure of asset quality and potential credit risk in the banking system.