Borrowers from commercial banks in Latvia
Latvia: Borrowers from commercial banks was 304.1 per 1,000 adults in 2024. ▼ Falling
Borrowers from commercial banks in Latvia, 2008–2024
Source: Financial Access Survey, International Monetary Fund (IMF). Measured in per 1,000 adults.
Analysis
The most recent figure for borrowers from commercial banks in Latvia is 304.1 per 1,000 adults, measured in 2024.
Compared with earlier readings it is up 5.1% on the previous year and down 13.5% over ten years.
Over the whole period, borrowers from commercial banks in Latvia peaked at 377.69 per 1,000 adults in 2016 and was at its lowest, 288.02 per 1,000 adults, in 2022.
Latvia ranks 40th of 112 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 17 years of available data.
Borrowers from commercial banks in Latvia, year by year
| Year | per 1,000 adults | Change |
|---|---|---|
| 2008 | 332.79 per 1,000 adults | — |
| 2009 | 326.12 per 1,000 adults | -2.0% |
| 2010 | 354.45 per 1,000 adults | +8.7% |
| 2011 | 349.81 per 1,000 adults | -1.3% |
| 2012 | 351.4 per 1,000 adults | +0.5% |
| 2013 | 342.83 per 1,000 adults | -2.4% |
| 2014 | 351.41 per 1,000 adults | +2.5% |
| 2015 | 368.63 per 1,000 adults | +4.9% |
| 2016 | 377.69 per 1,000 adults | +2.5% |
| 2017 | 328.01 per 1,000 adults | -13.2% |
| 2018 | 322.48 per 1,000 adults | -1.7% |
| 2019 | 312.17 per 1,000 adults | -3.2% |
| 2020 | 295.53 per 1,000 adults | -5.3% |
| 2021 | 291.93 per 1,000 adults | -1.2% |
| 2022 | 288.02 per 1,000 adults | -1.3% |
| 2023 | 289.27 per 1,000 adults | +0.4% |
| 2024 | 304.1 per 1,000 adults | +5.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 329.46 per 1,000 adults | 326.12 per 1,000 adults | 332.79 per 1,000 adults | 2 |
| 2010s | 345.89 per 1,000 adults | 312.17 per 1,000 adults | 377.69 per 1,000 adults | 10 |
| 2020s | 293.77 per 1,000 adults | 288.02 per 1,000 adults | 304.1 per 1,000 adults | 5 |
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 borrowers from commercial banks in Latvia?
- Borrowers from commercial banks in Latvia was 304.1 per 1,000 adults in 2024, according to Financial Access Survey, International Monetary Fund (IMF).
- What is the highest borrowers from commercial banks recorded in Latvia?
- The highest recorded value was 377.69 per 1,000 adults in 2016.
- What is the lowest borrowers from commercial banks recorded in Latvia?
- The lowest recorded value was 288.02 per 1,000 adults in 2022.
- How does Latvia rank for borrowers from commercial banks?
- Latvia ranks 40th out of 112 countries with data for 2024.
- Is borrowers from commercial banks rising or falling in Latvia?
- Over the last ten years it is down 13.5%. The long-run trend across the full record is falling.
- Where does this Latvia data come from?
- The figures come from Financial Access Survey, International Monetary Fund (IMF), published as part of Borrowers from commercial banks (per 1,000 adults). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 17 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Borrowers from commercial banks are the reported number of resident customers that are nonfinancial corporations (public and private) and households who obtained loans from commercial banks and other banks functioning as commercial banks.