Borrowers from commercial banks (per 1,000 adults) in Latvia
Latvia: Borrowers from commercial banks (per 1,000 adults) 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 113 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 (per 1,000 adults) 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% |
Latvia compared with similar countries
- Latvia's 304.1 per 1,000 adults is below the median for high income countries, which is 408.04 per 1,000 adults, 75% of the median. (29 countries reporting)
- Latvia's 304.1 per 1,000 adults is below the median for Europe & Central Asia, which is 400.43 per 1,000 adults, 76% of the median. (28 countries reporting)
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
- 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 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 113 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.
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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.