Financial Institutions Efficiency Index in Latvia
Latvia: Financial Institutions Efficiency Index was 0.5432 in 2020. ◆ Volatile
Financial Institutions Efficiency Index in Latvia, 1980–2020
Source: International Monetary Fund.
Analysis
In 2020, financial institutions efficiency index in Latvia stood at 0.5432.
The figure is down 2.9% on the previous year and up 22.2% over ten years.
Over the whole period, financial institutions efficiency index in Latvia peaked at 0.6418 in 2007 and was at its lowest, 0, in 1980.
Latvia ranks 121st 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.
Financial Institutions Efficiency Index in Latvia, year by year
| Year | Value | Change |
|---|---|---|
| 1980 | 0 | — |
| 1981 | 0 | — |
| 1982 | 0 | — |
| 1983 | 0 | — |
| 1984 | 0 | — |
| 1985 | 0 | — |
| 1986 | 0 | — |
| 1987 | 0 | — |
| 1988 | 0 | — |
| 1989 | 0 | — |
| 1990 | 0 | — |
| 1991 | 0 | — |
| 1992 | 0 | — |
| 1993 | 0.1899 | — |
| 1994 | 0.2498 | +31.6% |
| 1995 | 0.2616 | +4.7% |
| 1996 | 0.3979 | +52.1% |
| 1997 | 0.4641 | +16.6% |
| 1998 | 0.2361 | -49.1% |
| 1999 | 0.386 | +63.5% |
| 2000 | 0.491 | +27.2% |
| 2001 | 0.5252 | +7.0% |
| 2002 | 0.5249 | -0.1% |
| 2003 | 0.5364 | +2.2% |
| 2004 | 0.5858 | +9.2% |
| 2005 | 0.6284 | +7.3% |
| 2006 | 0.6346 | +1.0% |
| 2007 | 0.6418 | +1.1% |
| 2008 | 0.5294 | -17.5% |
| 2009 | 0.4422 | -16.5% |
| 2010 | 0.4444 | +0.5% |
| 2011 | 0.5008 | +12.7% |
| 2012 | 0.4987 | -0.4% |
| 2013 | 0.5132 | +2.9% |
| 2014 | 0.5521 | +7.6% |
| 2015 | 0.5678 | +2.8% |
| 2016 | 0.5619 | -1.1% |
| 2017 | 0.5216 | -7.2% |
| 2018 | 0.5482 | +5.1% |
| 2019 | 0.5596 | +2.1% |
| 2020 | 0.5432 | -2.9% |
Latvia compared with similar countries
- Latvia's 0.5432 is below the median for high income countries, which is 0.612, 89% of the median. (62 countries reporting)
- Latvia's 0.5432 is below the median for Europe & Central Asia, which is 0.583, 93% of the median. (47 countries reporting)
Biggest year-on-year movements
Years where Financial Institutions Efficiency Index in Latvia changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1999 | +63.5% | 0.2361 | 0.386 |
| 1998 | -49.1% | 0.4641 | 0.2361 |
| 1996 | +52.1% | 0.2616 | 0.3979 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 0 | 0 | 0 | 10 |
| 1990s | 0.2185 | 0 | 0.4641 | 10 |
| 2000s | 0.554 | 0.4422 | 0.6418 | 10 |
| 2010s | 0.5268 | 0.4444 | 0.5678 | 10 |
| 2020s | 0.5432 | 0.5432 | 0.5432 | 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 financial institutions efficiency index in Latvia?
- Financial institutions efficiency index in Latvia was 0.5432 in 2020, according to International Monetary Fund.
- What is the highest financial institutions efficiency index recorded in Latvia?
- The highest recorded value was 0.6418 in 2007.
- What is the lowest financial institutions efficiency index recorded in Latvia?
- The lowest recorded value was 0 in 1980.
- How does Latvia rank for financial institutions efficiency index?
- Latvia ranks 121st out of 183 countries with data for 2020.
- Is financial institutions efficiency index rising or falling in Latvia?
- Over the last ten years it is up 22.2%. 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 Efficiency Index. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 41 observations, free to reuse under IMF Terms and Conditions (attribution required).
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.