Financial Institutions Access Index in Latvia
Latvia: Financial Institutions Access Index was 0.3335 in 2020. β Volatile
Financial Institutions Access Index in Latvia, 1980β2020
Source: International Monetary Fund.
Analysis
Latvia recorded 0.3335 for financial institutions access index in 2020.
That represents a change of down 9.5% on the previous year and down 53.7% over ten years.
Over the whole period, financial institutions access index in Latvia peaked at 0.7206 in 2010 and was at its lowest, 0, in 1980.
Latvia ranks 93rd of 183 countries on this measure, 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 | 0.1591 | 0 | 0.3062 | 10 |
| 2000s | 0.5582 | 0.3376 | 0.7167 | 10 |
| 2010s | 0.5264 | 0.3684 | 0.7206 | 10 |
| 2020s | 0.3335 | 0.3335 | 0.3335 | 1 |
Countries ranked near Latvia
More financial sector data for Latvia
- 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 institutions access index in Latvia?
- Financial institutions access index in Latvia was 0.3335 in 2020, according to International Monetary Fund.
- What is the highest financial institutions access index recorded in Latvia?
- The highest recorded value was 0.7206 in 2010.
- What is the lowest financial institutions access index recorded in Latvia?
- The lowest recorded value was 0 in 1980.
- How does Latvia rank for financial institutions access index?
- Latvia ranks 93rd out of 183 countries with data for 2020.
- Is financial institutions access index rising or falling in Latvia?
- Over the last ten years it is down 53.7%. The long-run trend across the full record is volatile.
- Where does this Latvia data come from?
- The figures come from International Monetary Fund, published as part of Financial Institutions Access Index. Statizoid updates them automatically from the source API.
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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.