Financial system deposits to GDP in Latvia
Latvia: Financial system deposits to GDP was 50.7% in 2021. ▲ Rising
Financial system deposits to GDP in Latvia, 1995–2021
Source: International Financial Statistics (IFS), International Monetary Fund (IMF). Measured in %.
Analysis
Latvia recorded 50.7% for financial system deposits to gdp in 2021.
Compared with earlier readings it is down 0.9% on the previous year and up 29.3% over ten years.
Over the whole period, financial system deposits to gdp in Latvia peaked at 51.1% in 2020 and was at its lowest, 11.8%, in 1996.
That places Latvia 108th out of 185 countries with data for 2021, putting it in the middle of the range.
The long-run direction has been consistently rising across the 26 years of available data.
Financial system deposits to GDP in Latvia, year by year
| Year | % | Change |
|---|---|---|
| 1995 | 11.9% | — |
| 1996 | 11.8% | -1.2% |
| 1997 | 14.9% | +26.6% |
| 1998 | 14.6% | -1.9% |
| 1999 | 14.9% | +1.9% |
| 2000 | 18.4% | +23.5% |
| 2001 | 20.8% | +13.1% |
| 2002 | 22.8% | +9.8% |
| 2003 | 25.4% | +11.4% |
| 2004 | 29.3% | +15.2% |
| 2005 | 34.0% | +16.1% |
| 2006 | 38.5% | +13.1% |
| 2007 | 34.4% | -10.7% |
| 2008 | 30.5% | -11.2% |
| 2010 | 44.5% | +45.9% |
| 2011 | 39.2% | -12.0% |
| 2012 | 36.8% | -6.1% |
| 2013 | 40.0% | +8.7% |
| 2014 | 39.6% | -1.0% |
| 2015 | 41.6% | +4.9% |
| 2016 | 43.6% | +4.9% |
| 2017 | 42.5% | -2.6% |
| 2018 | 41.6% | -2.0% |
| 2019 | 43.0% | +3.4% |
| 2020 | 51.1% | +18.8% |
| 2021 | 50.7% | -0.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 13.6% | 11.8% | 14.9% | 5 |
| 2000s | 28.2% | 18.4% | 38.5% | 9 |
| 2010s | 41.3% | 36.8% | 44.5% | 10 |
| 2020s | 50.9% | 50.7% | 51.1% | 2 |
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)
- Total reserves (gold at national valuation) (SDR), per capita 2,406 SDR per person (2025)
Frequently asked questions
- What is financial system deposits to gdp in Latvia?
- Financial system deposits to gdp in Latvia was 50.7% in 2021, according to International Financial Statistics (IFS), International Monetary Fund (IMF).
- What is the highest financial system deposits to gdp recorded in Latvia?
- The highest recorded value was 51.1% in 2020.
- What is the lowest financial system deposits to gdp recorded in Latvia?
- The lowest recorded value was 11.8% in 1996.
- How does Latvia rank for financial system deposits to gdp?
- Latvia ranks 108th out of 185 countries with data for 2021.
- Is financial system deposits to gdp rising or falling in Latvia?
- Over the last ten years it is up 29.3%. The long-run trend across the full record is rising.
- Where does this Latvia data come from?
- The figures come from International Financial Statistics (IFS), International Monetary Fund (IMF), published as part of Financial system deposits to GDP (%). Statizoid updates them automatically from the source API.
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About this data
Demand, time and saving deposits in deposit money banks and other financial institutions as a share of GDP, calculated using the following deflation method: {(0.5)*[Ft/P_et + Ft-1/P_et-1]}/[GDPt/P_at] where F is demand and time and saving deposits, P_e is end-of period CPI, and P_a is average annual CPI. Raw data are from the electronic version of the IMF’s International Financial Statistics. Financial system deposits (IFS lines 24, 25, 44, and 45); GDP in local currency (IFS line 99B..ZF or, if not available, line 99B.CZF); end-of period CPI (IFS line 64M..ZF or, if not available, 64Q..ZF); and average annual CPI is calculated using the monthly CPI values (IFS line 64M..ZF).