Harmonized Euro area rates: Loans, Over 5 years New Business, House in Latvia
Latvia: Harmonized Euro area rates: Loans, Over 5 years New Business, House was 5.85 in 2024. ▼ Falling
Harmonized Euro area rates: Loans, Over 5 years New Business, House in Latvia, 2004–2024
Source: International Monetary Fund.
Analysis
In 2024, harmonized euro area rates: loans, over 5 years new business, house in Latvia stood at 5.85.
The figure is up 9.8% on the previous year and up 131.7% over ten years.
Over the whole period, harmonized euro area rates: loans, over 5 years new business, house in Latvia peaked at 6.02 in 2008 and was at its lowest, 2.18, in 2017.
That places Latvia 1st out of 23 countries with data for 2024, putting it in the top 10%.
The long-run direction has been consistently falling across the 21 years of available data.
Harmonized Euro area rates: Loans, Over 5 years New Business, House in Latvia, year by year
| Year | Value | Change |
|---|---|---|
| 2004 | 4.84 | — |
| 2005 | 4.38 | -9.6% |
| 2006 | 4.64 | +6.1% |
| 2007 | 5.61 | +20.7% |
| 2008 | 6.02 | +7.5% |
| 2009 | 4.19 | -30.5% |
| 2010 | 3.72 | -11.2% |
| 2011 | 3.76 | +1.2% |
| 2012 | 3.16 | -16.2% |
| 2013 | 2.56 | -18.8% |
| 2014 | 2.52 | -1.5% |
| 2015 | 2.36 | -6.3% |
| 2016 | 2.23 | -5.5% |
| 2017 | 2.18 | -2.5% |
| 2018 | 2.18 | +0.0% |
| 2019 | 2.23 | +2.2% |
| 2020 | 2.31 | +3.5% |
| 2021 | 2.26 | -2.1% |
| 2022 | 2.62 | +15.9% |
| 2023 | 5.32 | +103.6% |
| 2024 | 5.85 | +9.8% |
Latvia compared with similar countries
- Latvia's 5.85 is above the median for Europe & Central Asia, which is 3.31, 1.8× the median. (22 countries reporting)
- Latvia's 5.85 is above the median for high income countries, which is 3.22, 1.8× the median. (23 countries reporting)
Biggest year-on-year movements
Years where Harmonized Euro area rates: Loans, Over 5 years New Business, House 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 |
|---|---|---|---|
| 2023 | +103.6% | 2.62 | 5.32 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 4.95 | 4.19 | 6.02 | 6 |
| 2010s | 2.69 | 2.18 | 3.76 | 10 |
| 2020s | 3.67 | 2.26 | 5.85 | 5 |
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 harmonized euro area rates: loans, over 5 years new business, house in Latvia?
- Harmonized euro area rates: loans, over 5 years new business, house in Latvia was 5.85 in 2024, according to International Monetary Fund.
- What is the highest harmonized euro area rates: loans, over 5 years new business, house recorded in Latvia?
- The highest recorded value was 6.02 in 2008.
- What is the lowest harmonized euro area rates: loans, over 5 years new business, house recorded in Latvia?
- The lowest recorded value was 2.18 in 2017.
- How does Latvia rank for harmonized euro area rates: loans, over 5 years new business, house?
- Latvia ranks 1st out of 23 countries with data for 2024.
- Is harmonized euro area rates: loans, over 5 years new business, house rising or falling in Latvia?
- Over the last ten years it is up 131.7%. The long-run trend across the full record is falling.
- Where does this Latvia data come from?
- The figures come from International Monetary Fund, published as part of Harmonized Euro area rates: Loans, Over 5 years New Business, House purchase, Households, Rate, Percent per annum. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 21 observations, free to reuse under IMF Terms and Conditions (attribution required).
About this data
The Monetary and Financial Statistics (MFS), Interest Rates dataset presents country-specific interest rate data across sectors and instruments, based on nationally defined methodologies.