Loans from nonresident banks (net) to GDP in Latvia
Latvia: Loans from nonresident banks (net) to GDP was 4.0% in 2021. ◆ Volatile
Loans from nonresident banks (net) to GDP in Latvia, 1999–2021
Source: Bank for International Settlements (BIS). Measured in %.
Analysis
Latvia recorded 4.0% for loans from nonresident banks (net) to gdp in 2021.
Compared with earlier readings it is up 154.2% on the previous year and down 10.8% over ten years.
Over the whole period, loans from nonresident banks (net) to gdp in Latvia peaked at 4.4% in 2012 and was at its lowest, -7.3%, in 2020.
Latvia ranks 7th of 98 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Loans from nonresident banks (net) to GDP in Latvia, year by year
| Year | % | Change |
|---|---|---|
| 1999 | 1.0% | — |
| 2001 | 2.2% | +109.1% |
| 2004 | 0.0% | -97.8% |
| 2006 | -0.0% | -157.4% |
| 2008 | -0.7% | +2537.0% |
| 2012 | 4.4% | -704.9% |
| 2014 | 0.1% | -98.6% |
| 2015 | 2.2% | +3547.7% |
| 2016 | 2.7% | +21.6% |
| 2017 | 0.1% | -97.2% |
| 2020 | -7.3% | -9770.9% |
| 2021 | 4.0% | -154.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1.0% | 1.0% | 1.0% | 1 |
| 2000s | 0.4% | -0.7% | 2.2% | 4 |
| 2010s | 1.9% | 0.1% | 4.4% | 5 |
| 2020s | -1.7% | -7.3% | 4.0% | 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 loans from nonresident banks (net) to gdp in Latvia?
- Loans from nonresident banks (net) to gdp in Latvia was 4.0% in 2021, according to Bank for International Settlements (BIS).
- What is the highest loans from nonresident banks (net) to gdp recorded in Latvia?
- The highest recorded value was 4.4% in 2012.
- What is the lowest loans from nonresident banks (net) to gdp recorded in Latvia?
- The lowest recorded value was -7.3% in 2020.
- How does Latvia rank for loans from nonresident banks (net) to gdp?
- Latvia ranks 7th out of 98 countries with data for 2021.
- Is loans from nonresident banks (net) to gdp rising or falling in Latvia?
- Over the last ten years it is down 10.8%. 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 (net) to GDP (%). Statizoid updates them automatically from the source API.
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About this data
Ratio of net 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 12A (Net Issues): International debt securities - all issuers.