Domestic credit to private sector in Latvia
Latvia: Domestic credit to private sector was 34.4% in 2020. ▼ Falling
Domestic credit to private sector in Latvia, 2010–2020
Source: World Development Indicators (WDI), World Bank. Measured in % of GDP.
Analysis
Latvia recorded 34.4% for domestic credit to private sector in 2020.
That represents a change of up 0.1% on the previous year and down 63.6% over ten years.
Over the whole period, domestic credit to private sector in Latvia peaked at 94.7% in 2010 and was at its lowest, 34.4%, in 2019.
That places Latvia 115th out of 187 countries with data for 2020, putting it in the middle of the range.
The long-run direction has been consistently falling across the 11 years of available data.
Domestic credit to private sector in Latvia, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2010 | 94.7% | — |
| 2011 | 80.2% | -15.3% |
| 2012 | 64.7% | -19.3% |
| 2013 | 58.2% | -10.0% |
| 2014 | 51.3% | -11.8% |
| 2015 | 48.3% | -5.9% |
| 2016 | 46.7% | -3.3% |
| 2017 | 42.1% | -9.8% |
| 2018 | 36.6% | -13.1% |
| 2019 | 34.4% | -6.1% |
| 2020 | 34.4% | +0.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 55.7% | 34.4% | 94.7% | 10 |
| 2020s | 34.4% | 34.4% | 34.4% | 1 |
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 domestic credit to private sector in Latvia?
- Domestic credit to private sector in Latvia was 34.4% in 2020, according to World Development Indicators (WDI), World Bank.
- What is the highest domestic credit to private sector recorded in Latvia?
- The highest recorded value was 94.7% in 2010.
- What is the lowest domestic credit to private sector recorded in Latvia?
- The lowest recorded value was 34.4% in 2019.
- How does Latvia rank for domestic credit to private sector?
- Latvia ranks 115th out of 187 countries with data for 2020.
- Is domestic credit to private sector rising or falling in Latvia?
- Over the last ten years it is down 63.6%. The long-run trend across the full record is falling.
- Where does this Latvia data come from?
- The figures come from World Development Indicators (WDI), World Bank, published as part of Domestic credit to private sector (% of GDP). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 11 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Domestic credit to private sector refers to financial resources provided to the private sector, such as through loans, purchases of nonequity securities, and trade credits and other accounts receivable, that establish a claim for repayment. For some countries these claims include credit to public enterprises.