Financial Institutions Index in Latvia
Latvia: Financial Institutions Index was 0.3754 in 2020. β Volatile
Financial Institutions Index in Latvia, 1980β2020
Source: International Monetary Fund.
Analysis
The most recent figure for financial institutions index in Latvia is 0.3754, measured in 2020.
The figure is down 3.4% on the previous year and down 30.9% over ten years.
Over the whole period, financial institutions index in Latvia peaked at 0.5448 in 2007 and was at its lowest, 0, in 1980.
That places Latvia 102nd 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 | 0.1441 | 0 | 0.2702 | 10 |
| 2000s | 0.4459 | 0.3119 | 0.5448 | 10 |
| 2010s | 0.4525 | 0.3884 | 0.5434 | 10 |
| 2020s | 0.3754 | 0.3754 | 0.3754 | 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 index in Latvia?
- Financial institutions index in Latvia was 0.3754 in 2020, according to International Monetary Fund.
- What is the highest financial institutions index recorded in Latvia?
- The highest recorded value was 0.5448 in 2007.
- What is the lowest financial institutions index recorded in Latvia?
- The lowest recorded value was 0 in 1980.
- How does Latvia rank for financial institutions index?
- Latvia ranks 102nd out of 183 countries with data for 2020.
- Is financial institutions index rising or falling in Latvia?
- Over the last ten years it is down 30.9%. 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 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.