Commercial bank branches in Latvia
Latvia: Commercial bank branches was 4.44 per 100,000 adults in 2024. ◆ Volatile
Commercial bank branches in Latvia, 2004–2024
Source: Financial Access Survey, International Monetary Fund (IMF). Measured in per 100,000 adults.
Analysis
The most recent figure for commercial bank branches in Latvia is 4.44 per 100,000 adults, measured in 2024. That is the lowest value across all 21 years on record.
Compared with earlier readings it is down 5.0% on the previous year and down 78.2% over ten years.
Over the whole period, commercial bank branches in Latvia peaked at 37.3 per 100,000 adults in 2007 and was at its lowest, 4.44 per 100,000 adults, in 2024.
That places Latvia 147th out of 185 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Commercial bank branches in Latvia, year by year
| Year | per 100,000 adults | Change |
|---|---|---|
| 2004 | 31.59 per 100,000 adults | — |
| 2005 | 31.91 per 100,000 adults | +1.0% |
| 2006 | 33.37 per 100,000 adults | +4.6% |
| 2007 | 37.3 per 100,000 adults | +11.8% |
| 2008 | 36.6 per 100,000 adults | -1.9% |
| 2009 | 35.39 per 100,000 adults | -3.3% |
| 2010 | 34.22 per 100,000 adults | -3.3% |
| 2011 | 32.78 per 100,000 adults | -4.2% |
| 2012 | 24.63 per 100,000 adults | -24.9% |
| 2013 | 21.58 per 100,000 adults | -12.4% |
| 2014 | 20.38 per 100,000 adults | -5.6% |
| 2015 | 18.05 per 100,000 adults | -11.4% |
| 2016 | 17.13 per 100,000 adults | -5.1% |
| 2017 | 16.48 per 100,000 adults | -3.8% |
| 2018 | 14.67 per 100,000 adults | -11.0% |
| 2019 | 9.7 per 100,000 adults | -33.9% |
| 2020 | 7.02 per 100,000 adults | -27.7% |
| 2021 | 6.57 per 100,000 adults | -6.3% |
| 2022 | 5.19 per 100,000 adults | -21.0% |
| 2023 | 4.68 per 100,000 adults | -9.9% |
| 2024 | 4.44 per 100,000 adults | -5.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 34.36 per 100,000 adults | 31.59 per 100,000 adults | 37.3 per 100,000 adults | 6 |
| 2010s | 20.96 per 100,000 adults | 9.7 per 100,000 adults | 34.22 per 100,000 adults | 10 |
| 2020s | 5.58 per 100,000 adults | 4.44 per 100,000 adults | 7.02 per 100,000 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 commercial bank branches in Latvia?
- Commercial bank branches in Latvia was 4.44 per 100,000 adults in 2024, according to Financial Access Survey, International Monetary Fund (IMF).
- What is the highest commercial bank branches recorded in Latvia?
- The highest recorded value was 37.3 per 100,000 adults in 2007.
- What is the lowest commercial bank branches recorded in Latvia?
- The lowest recorded value was 4.44 per 100,000 adults in 2024.
- How does Latvia rank for commercial bank branches?
- Latvia ranks 147th out of 185 countries with data for 2024.
- Is commercial bank branches rising or falling in Latvia?
- Over the last ten years it is down 78.2%. The long-run trend across the full record is volatile.
- Where does this Latvia data come from?
- The figures come from Financial Access Survey, International Monetary Fund (IMF), published as part of Commercial bank branches (per 100,000 adults). Statizoid updates them automatically from the source API.
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About this data
Commercial bank branches are retail locations of resident commercial banks and other resident banks that function as commercial banks that provide financial services to customers and are physically separated from the main office but not organized as legally separated subsidiaries.