Foreign banks among total banks (%) in Latvia
Latvia: Foreign banks among total banks (%) was 55.0% in 2013. ▲ Rising
Foreign banks among total banks in Latvia, 1995–2013
Source: Stijn Claessens and Neeltje van Horen, 2012. "Foreign Banks: Trends, Impact and Financial Stability" IMF Working Paper, WP/12/10. Measured in %.
Analysis
In 2013, foreign banks among total banks in Latvia stood at 55.0%.
The figure is down 3.5% on the previous year and up 71.9% over ten years.
Over the whole period, foreign banks among total banks in Latvia peaked at 64.0% in 2008 and was at its lowest, 13.0%, in 1995.
That places Latvia 51st out of 137 countries with data for 2013, putting it in the middle of the range.
The long-run direction has been consistently rising across the 19 years of available data.
Foreign banks among total banks (%) in Latvia, year by year
| Year | % | Change |
|---|---|---|
| 1995 | 13.0% | — |
| 1996 | 17.0% | +30.8% |
| 1997 | 27.0% | +58.8% |
| 1998 | 29.0% | +7.4% |
| 1999 | 32.0% | +10.3% |
| 2000 | 29.0% | -9.4% |
| 2001 | 27.0% | -6.9% |
| 2002 | 32.0% | +18.5% |
| 2003 | 32.0% | +0.0% |
| 2004 | 41.0% | +28.1% |
| 2005 | 45.0% | +9.8% |
| 2006 | 50.0% | +11.1% |
| 2007 | 62.0% | +24.0% |
| 2008 | 64.0% | +3.2% |
| 2009 | 64.0% | +0.0% |
| 2010 | 59.0% | -7.8% |
| 2011 | 57.0% | -3.4% |
| 2012 | 57.0% | +0.0% |
| 2013 | 55.0% | -3.5% |
Latvia compared with similar countries
- Latvia's 55.0% is above the median for high income countries, which is 36.0%, 1.5× the median. (53 countries reporting)
- Latvia's 55.0% is above the median for Europe & Central Asia, which is 50.0%, 1.1× the median. (45 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 23.6% | 13.0% | 32.0% | 5 |
| 2000s | 44.6% | 27.0% | 64.0% | 10 |
| 2010s | 57.0% | 55.0% | 59.0% | 4 |
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 foreign banks among total banks in Latvia?
- Foreign banks among total banks in Latvia was 55.0% in 2013, according to Stijn Claessens and Neeltje van Horen, 2012. "Foreign Banks: Trends, Impact and Financial Stability" IMF Working Paper, WP/12/10.
- What is the highest foreign banks among total banks recorded in Latvia?
- The highest recorded value was 64.0% in 2008.
- What is the lowest foreign banks among total banks recorded in Latvia?
- The lowest recorded value was 13.0% in 1995.
- How does Latvia rank for foreign banks among total banks?
- Latvia ranks 51st out of 137 countries with data for 2013.
- Is foreign banks among total banks rising or falling in Latvia?
- Over the last ten years it is up 71.9%. The long-run trend across the full record is rising.
- Where does this Latvia data come from?
- The figures come from Stijn Claessens and Neeltje van Horen, 2012. "Foreign Banks: Trends, Impact and Financial Stability" IMF Working Paper, WP/12/10, published as part of Foreign banks among total banks (%). Statizoid updates them automatically from the source API.
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About this data
Percentage of the number of foreign owned banks to the number of the total banks in an Economy. A foreign bank is a bank where 50 percent or more of its shares are owned by foreigners.