Financial Development Index in Latvia, Republic of
Latvia, Republic of: Financial Development Index was 0.2092 in 2020. β Volatile
Financial Development Index in Latvia, Republic of, 1980β2020
Source: International Monetary Fund.
Analysis
In 2020, financial development index in Latvia, Republic of stood at 0.2092.
That represents a change of down 3.0% on the previous year and down 32.1% over ten years.
Over the whole period, financial development index in Latvia, Republic of peaked at 0.3144 in 2007 and was at its lowest, 0, in 1980.
That places Latvia, Republic of 112th out of 183 countries with data for 2020, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 0 | 0 | 0 | 10 |
| 1990s | 0.0802 | 0 | 0.147 | 10 |
| 2000s | 0.2487 | 0.1688 | 0.3144 | 10 |
| 2010s | 0.2573 | 0.2156 | 0.3079 | 10 |
| 2020s | 0.2092 | 0.2092 | 0.2092 | 1 |
Countries ranked near Latvia, Republic of
- 109 Suriname 0.2123 compare
- 110 Fiji, Republic of 0.2109 compare
- 111 Bhutan 0.2104 compare
- 113 Lithuania, Republic of 0.2052 compare
- 114 St. Vincent and the Grenadines 0.2024 compare
- 115 Zambia 0.1946 compare
More financial sector data for Latvia, Republic of
- 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)
- Domestic credit to private sector by banks 29.3% (2024)
Frequently asked questions
- What is financial development index in Latvia, Republic of?
- Financial development index in Latvia, Republic of was 0.2092 in 2020, according to International Monetary Fund.
- What is the highest financial development index recorded in Latvia, Republic of?
- The highest recorded value was 0.3144 in 2007.
- What is the lowest financial development index recorded in Latvia, Republic of?
- The lowest recorded value was 0 in 1980.
- How does Latvia, Republic of rank for financial development index?
- Latvia, Republic of ranks 112th out of 183 countries with data for 2020.
- Is financial development index rising or falling in Latvia, Republic of?
- Over the last ten years it is down 32.1%. The long-run trend across the full record is volatile.
- Where does this Latvia, Republic of data come from?
- The figures come from International Monetary Fund, published as part of Financial Development Index. Statizoid updates them automatically from the source API.
Download this data
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About this data
The dataset contains nine indices that summarize how developed financial institutions and financial markets are in terms of their depth, access, and efficiency. These indices are aggregated into an overall index of financial development. With the coverage of over 180 countries on annual frequency from 1980 onwards, the database should offer a useful analytical tool for researchers and policy makers.