External loans and deposits of reporting banks vis-à-vis all sectors in Latvia
Latvia: External loans and deposits of reporting banks vis-à-vis all sectors was 11.1% in 2021. ▼ Falling
External loans and deposits of reporting banks vis-à-vis all sectors in Latvia, 1995–2021
Source: Bank for International Settlements (BIS). Measured in % of domestic bank deposits.
Analysis
In 2021, external loans and deposits of reporting banks vis-à-vis all sectors in Latvia stood at 11.1%. That is the lowest value across all 26 years on record.
That represents a change of down 35.9% on the previous year and down 79.0% over ten years.
Over the whole period, external loans and deposits of reporting banks vis-à-vis all sectors in Latvia peaked at 71.0% in 2014 and was at its lowest, 11.1%, in 2021.
Latvia ranks 139th of 181 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 26 years of available data.
External loans and deposits of reporting banks vis-à-vis all sectors in Latvia, year by year
| Year | % of domestic bank deposits | Change |
|---|---|---|
| 1995 | 32.2% | — |
| 1996 | 51.2% | +58.9% |
| 1997 | 60.1% | +17.3% |
| 1998 | 60.0% | -0.2% |
| 1999 | 67.3% | +12.2% |
| 2000 | 59.2% | -12.1% |
| 2001 | 48.3% | -18.5% |
| 2002 | 52.3% | +8.3% |
| 2003 | 44.2% | -15.4% |
| 2004 | 53.1% | +20.1% |
| 2005 | 33.6% | -36.7% |
| 2006 | 27.5% | -18.0% |
| 2007 | 40.1% | +45.5% |
| 2008 | 21.5% | -46.3% |
| 2010 | 51.2% | +137.8% |
| 2011 | 52.7% | +3.0% |
| 2012 | 53.0% | +0.5% |
| 2013 | 44.9% | -15.2% |
| 2014 | 71.0% | +58.1% |
| 2015 | 43.2% | -39.1% |
| 2016 | 35.0% | -19.1% |
| 2017 | 27.9% | -20.2% |
| 2018 | 16.9% | -39.4% |
| 2019 | 14.9% | -12.2% |
| 2020 | 17.3% | +16.1% |
| 2021 | 11.1% | -35.9% |
Latvia compared with similar countries
- Latvia's 11.1% is below the median for high income countries, which is 31.9%, 35% of the median. (59 countries reporting)
- Latvia's 11.1% is below the median for Europe & Central Asia, which is 17.9%, 62% of the median. (47 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 54.2% | 32.2% | 67.3% | 5 |
| 2000s | 42.2% | 21.5% | 59.2% | 9 |
| 2010s | 41.1% | 14.9% | 71.0% | 10 |
| 2020s | 14.2% | 11.1% | 17.3% | 2 |
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 external loans and deposits of reporting banks vis-à-vis all sectors in Latvia?
- External loans and deposits of reporting banks vis-à-vis all sectors in Latvia was 11.1% in 2021, according to Bank for International Settlements (BIS).
- What is the highest external loans and deposits of reporting banks vis-à-vis all sectors recorded in Latvia?
- The highest recorded value was 71.0% in 2014.
- What is the lowest external loans and deposits of reporting banks vis-à-vis all sectors recorded in Latvia?
- The lowest recorded value was 11.1% in 2021.
- How does Latvia rank for external loans and deposits of reporting banks vis-à-vis all sectors?
- Latvia ranks 139th out of 181 countries with data for 2021.
- Is external loans and deposits of reporting banks vis-à-vis all sectors rising or falling in Latvia?
- Over the last ten years it is down 79.0%. The long-run trend across the full record is falling.
- Where does this Latvia data come from?
- The figures come from Bank for International Settlements (BIS), published as part of External loans and deposits of reporting banks vis-à-vis all sectors (% of domestic bank deposits). Statizoid updates them automatically from the source API.
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About this data
Data is from BIS Statistical Appendix Table 7A: External loans and deposits of reporting banks vis-à-vis all sectors; bank deposits from IFS (IFS lines 24 and 25). End of year data (i.e. December data) are used.