Credit to government and state-owned enterprises to GDP in Latvia
Latvia: Credit to government and state-owned enterprises to GDP was 3.3% in 2020. ◆ Volatile
Credit to government and state-owned enterprises to GDP in Latvia, 1993–2020
Source: International Financial Statistics (IFS), International Monetary Fund (IMF). Measured in %.
Analysis
In 2020, credit to government and state-owned enterprises to gdp in Latvia stood at 3.3%.
That represents a change of up 63.0% on the previous year and down 25.4% over ten years.
Over the whole period, credit to government and state-owned enterprises to gdp in Latvia peaked at 20.1% in 1993 and was at its lowest, 1.3%, in 1998.
That places Latvia 161st out of 178 countries with data for 2020, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Credit to government and state-owned enterprises to GDP in Latvia, year by year
| Year | % | Change |
|---|---|---|
| 1993 | 20.1% | — |
| 1994 | 2.9% | -85.7% |
| 1995 | 3.3% | +13.3% |
| 1996 | 3.3% | +2.0% |
| 1997 | 2.1% | -35.5% |
| 1998 | 1.3% | -41.2% |
| 1999 | 2.1% | +64.1% |
| 2000 | 2.5% | +22.8% |
| 2001 | 3.0% | +16.8% |
| 2002 | 2.7% | -10.6% |
| 2003 | 3.6% | +34.3% |
| 2004 | 2.8% | -20.6% |
| 2005 | 2.3% | -17.7% |
| 2006 | 1.9% | -16.6% |
| 2007 | 1.4% | -28.6% |
| 2008 | 4.8% | +247.3% |
| 2010 | 4.4% | -8.0% |
| 2011 | 3.5% | -21.3% |
| 2012 | 3.6% | +2.9% |
| 2013 | 3.4% | -4.8% |
| 2014 | 3.1% | -8.4% |
| 2015 | 4.0% | +27.9% |
| 2016 | 4.3% | +6.9% |
| 2017 | 3.6% | -16.9% |
| 2018 | 2.5% | -30.8% |
| 2019 | 2.0% | -17.6% |
| 2020 | 3.3% | +63.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 5.0% | 1.3% | 20.1% | 7 |
| 2000s | 2.8% | 1.4% | 4.8% | 9 |
| 2010s | 3.4% | 2.0% | 4.4% | 10 |
| 2020s | 3.3% | 3.3% | 3.3% | 1 |
Countries ranked near Latvia
- 158 Malawi 3.6% compare
- 159 Azerbaijan 3.5% compare
- 160 Lithuania 3.5% compare
- 162 Tajikistan 3.1% compare
- 163 Lao People's Democratic Republic 2.6% compare
- 164 Central African Republic 2.4% compare
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 credit to government and state-owned enterprises to gdp in Latvia?
- Credit to government and state-owned enterprises to gdp in Latvia was 3.3% in 2020, according to International Financial Statistics (IFS), International Monetary Fund (IMF).
- What is the highest credit to government and state-owned enterprises to gdp recorded in Latvia?
- The highest recorded value was 20.1% in 1993.
- What is the lowest credit to government and state-owned enterprises to gdp recorded in Latvia?
- The lowest recorded value was 1.3% in 1998.
- How does Latvia rank for credit to government and state-owned enterprises to gdp?
- Latvia ranks 161st out of 178 countries with data for 2020.
- Is credit to government and state-owned enterprises to gdp rising or falling in Latvia?
- Over the last ten years it is down 25.4%. The long-run trend across the full record is volatile.
- Where does this Latvia data come from?
- The figures come from International Financial Statistics (IFS), International Monetary Fund (IMF), published as part of Credit to government and state-owned enterprises to GDP (%). Statizoid updates them automatically from the source API.
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About this data
Raw data are from the electronic version of the IMF’s International Financial Statistics. (IFS line 22A + line 22B + line 22C) / GDP. Local currency GDP is from IFS (line 99B..ZF or, if not available, line 99B.CZF).