Loans from nonresident banks (amounts outstanding) to GDP in Latvia
Latvia: Loans from nonresident banks (amounts outstanding) to GDP was 41.1% in 2021. ◆ Volatile
Loans from nonresident banks (amounts outstanding) to GDP in Latvia, 1999–2021
Source: Bank for International Settlements (BIS). Measured in %.
Analysis
Latvia recorded 41.1% for loans from nonresident banks (amounts outstanding) to gdp in 2021. That is the highest value across all 23 years on record.
That represents a change of up 0.6% on the previous year and up 636.1% over ten years.
Over the whole period, loans from nonresident banks (amounts outstanding) to gdp in Latvia peaked at 41.1% in 2021 and was at its lowest, 2.6%, in 2000.
That places Latvia 32nd out of 136 countries with data for 2021, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Loans from nonresident banks (amounts outstanding) to GDP in Latvia, year by year
| Year | % | Change |
|---|---|---|
| 1999 | 3.0% | — |
| 2000 | 2.6% | -12.5% |
| 2001 | 4.5% | +70.8% |
| 2002 | 4.7% | +4.1% |
| 2003 | 4.6% | -2.3% |
| 2004 | 5.7% | +25.1% |
| 2005 | 4.9% | -14.3% |
| 2006 | 5.5% | +12.3% |
| 2007 | 4.3% | -22.3% |
| 2008 | 3.9% | -9.0% |
| 2009 | 5.5% | +40.5% |
| 2010 | 5.6% | +2.2% |
| 2011 | 5.6% | +0.2% |
| 2012 | 13.5% | +141.8% |
| 2013 | 12.8% | -5.6% |
| 2014 | 18.8% | +47.4% |
| 2015 | 24.7% | +31.5% |
| 2016 | 29.0% | +17.4% |
| 2017 | 33.8% | +16.6% |
| 2018 | 33.1% | -2.3% |
| 2019 | 37.0% | +11.9% |
| 2020 | 40.9% | +10.6% |
| 2021 | 41.1% | +0.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 3.0% | 3.0% | 3.0% | 1 |
| 2000s | 4.6% | 2.6% | 5.7% | 10 |
| 2010s | 21.4% | 5.6% | 37.0% | 10 |
| 2020s | 41.0% | 40.9% | 41.1% | 2 |
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 loans from nonresident banks (amounts outstanding) to gdp in Latvia?
- Loans from nonresident banks (amounts outstanding) to gdp in Latvia was 41.1% in 2021, according to Bank for International Settlements (BIS).
- What is the highest loans from nonresident banks (amounts outstanding) to gdp recorded in Latvia?
- The highest recorded value was 41.1% in 2021.
- What is the lowest loans from nonresident banks (amounts outstanding) to gdp recorded in Latvia?
- The lowest recorded value was 2.6% in 2000.
- How does Latvia rank for loans from nonresident banks (amounts outstanding) to gdp?
- Latvia ranks 32nd out of 136 countries with data for 2021.
- Is loans from nonresident banks (amounts outstanding) to gdp rising or falling in Latvia?
- Over the last ten years it is up 636.1%. The long-run trend across the full record is volatile.
- Where does this Latvia data come from?
- The figures come from Bank for International Settlements (BIS), published as part of Loans from nonresident banks (amounts outstanding) to GDP (%). Statizoid updates them automatically from the source API.
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About this data
Ratio of outstanding offshore bank loans to GDP. An offshore bank is a bank located outside the country of residence of the depositor, typically in a low tax jurisdiction (or tax haven) that provides financial and legal advantages. Offshore bank loan data from BIS Statistical Appendix Table 7A: External loans and deposits of reporting banks vis-à-vis all sectors.