External loans and deposits of reporting banks vis-à-vis the banking in Latvia
Latvia: External loans and deposits of reporting banks vis-à-vis the banking was 1.9% in 2021. ▼ Falling
External loans and deposits of reporting banks vis-à-vis the banking in Latvia, 1995–2021
Source: Bank for International Settlements (BIS). Measured in % of domestic bank deposits.
Analysis
The most recent figure for external loans and deposits of reporting banks vis-à-vis the banking in Latvia is 1.9%, measured in 2021. That is the lowest value across all 26 years on record.
Compared with earlier readings it is down 70.0% on the previous year and down 96.0% over ten years.
Over the whole period, external loans and deposits of reporting banks vis-à-vis the banking in Latvia peaked at 54.2% in 2014 and was at its lowest, 1.9%, in 2021.
Latvia ranks 170th of 180 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 the banking in Latvia, year by year
| Year | % of domestic bank deposits | Change |
|---|---|---|
| 1995 | 16.6% | — |
| 1996 | 28.5% | +72.0% |
| 1997 | 36.4% | +28.0% |
| 1998 | 33.2% | -9.0% |
| 1999 | 38.0% | +14.6% |
| 2000 | 36.8% | -3.2% |
| 2001 | 33.5% | -8.8% |
| 2002 | 42.9% | +27.8% |
| 2003 | 35.9% | -16.2% |
| 2004 | 48.1% | +33.8% |
| 2005 | 28.8% | -40.2% |
| 2006 | 24.1% | -16.3% |
| 2007 | 37.0% | +53.9% |
| 2008 | 17.3% | -53.3% |
| 2010 | 45.4% | +162.8% |
| 2011 | 48.1% | +6.0% |
| 2012 | 47.8% | -0.8% |
| 2013 | 39.1% | -18.1% |
| 2014 | 54.2% | +38.6% |
| 2015 | 35.6% | -34.2% |
| 2016 | 23.7% | -33.6% |
| 2017 | 15.8% | -33.1% |
| 2018 | 6.2% | -60.9% |
| 2019 | 3.8% | -38.0% |
| 2020 | 6.4% | +66.1% |
| 2021 | 1.9% | -70.0% |
Latvia compared with similar countries
- Latvia's 1.9% is below the median for high income countries, which is 11.8%, 16% of the median. (59 countries reporting)
- Latvia's 1.9% is below the median for Europe & Central Asia, which is 10.4%, 18% of the median. (47 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 30.5% | 16.6% | 38.0% | 5 |
| 2000s | 33.8% | 17.3% | 48.1% | 9 |
| 2010s | 32.0% | 3.8% | 54.2% | 10 |
| 2020s | 4.1% | 1.9% | 6.4% | 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 the banking in Latvia?
- External loans and deposits of reporting banks vis-à-vis the banking in Latvia was 1.9% in 2021, according to Bank for International Settlements (BIS).
- What is the highest external loans and deposits of reporting banks vis-à-vis the banking recorded in Latvia?
- The highest recorded value was 54.2% in 2014.
- What is the lowest external loans and deposits of reporting banks vis-à-vis the banking recorded in Latvia?
- The lowest recorded value was 1.9% in 2021.
- How does Latvia rank for external loans and deposits of reporting banks vis-à-vis the banking?
- Latvia ranks 170th out of 180 countries with data for 2021.
- Is external loans and deposits of reporting banks vis-à-vis the banking rising or falling in Latvia?
- Over the last ten years it is down 96.0%. 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 the banking sector (% 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 minus 7B: External loans and deposits of reporting banks vis-à-vis all sectors minus external loans and deposits of reporting banks vis-à-vis nonbanking sectors; bank deposits from IFS (IFS lines 24 and 25). End of year data (i.e. December data) are used.