Monetary Sector credit to private sector in Latvia
Latvia: Monetary Sector credit to private sector was 29.3% in 2024. ▼ Falling
Monetary Sector credit to private sector in Latvia, 2010–2024
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in % GDP.
Analysis
Latvia recorded 29.3% for monetary sector credit to private sector in 2024.
Compared with earlier readings it is up 2.7% on the previous year and down 44.9% over ten years.
Over the whole period, monetary sector credit to private sector in Latvia peaked at 96.6% in 2010 and was at its lowest, 28.6%, in 2023.
Latvia ranks 115th of 186 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 15 years of available data.
Monetary Sector credit to private sector in Latvia, year by year
| Year | % GDP | Change |
|---|---|---|
| 2010 | 96.6% | — |
| 2011 | 82.9% | -14.2% |
| 2012 | 67.2% | -18.9% |
| 2013 | 60.3% | -10.2% |
| 2014 | 53.2% | -11.8% |
| 2015 | 50.0% | -6.1% |
| 2016 | 48.4% | -3.2% |
| 2017 | 43.7% | -9.7% |
| 2018 | 37.9% | -13.2% |
| 2019 | 35.7% | -5.8% |
| 2020 | 34.7% | -2.8% |
| 2021 | 32.5% | -6.6% |
| 2022 | 31.0% | -4.5% |
| 2023 | 28.6% | -7.9% |
| 2024 | 29.3% | +2.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 57.6% | 35.7% | 96.6% | 10 |
| 2020s | 31.2% | 28.6% | 34.7% | 5 |
Countries ranked near Latvia
More financial sector data for Latvia
- Total reserves in months of imports, annual growth rate 9.15 % change on previous year (2025)
- Total reserves in months of imports, per unit of GDP 0 units per US$ of GDP (2025)
- Total reserves in months of imports, per capita 0 units per person (2025)
- Reserves excluding gold, foreign exchange (SDR), annual growth rate 7.71 % change on previous year (2025)
- Reserves excluding gold, foreign exchange (SDR), per unit of GDP 0.0673 SDR per US$ of GDP (2025)
- Reserves excluding gold, foreign exchange (SDR), per capita 1,770 SDR per person (2025)
- Reserves excluding gold (SDR), annual growth rate 7.33 % change on previous year (2025)
- Reserves excluding gold (SDR), per capita 2,041 SDR per person (2025)
- Total reserves (gold at market value) (SDR), annual growth rate 12.98 % change on previous year (2025)
- Total reserves (gold at market value) (SDR), per capita 2,410 SDR per person (2025)
Frequently asked questions
- What is monetary sector credit to private sector in Latvia?
- Monetary sector credit to private sector in Latvia was 29.3% in 2024, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest monetary sector credit to private sector recorded in Latvia?
- The highest recorded value was 96.6% in 2010.
- What is the lowest monetary sector credit to private sector recorded in Latvia?
- The lowest recorded value was 28.6% in 2023.
- How does Latvia rank for monetary sector credit to private sector?
- Latvia ranks 115th out of 186 countries with data for 2024.
- Is monetary sector credit to private sector rising or falling in Latvia?
- Over the last ten years it is down 44.9%. The long-run trend across the full record is falling.
- Where does this Latvia data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Monetary Sector credit to private sector (% GDP). Statizoid updates them automatically from the source API.
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About this data
Domestic credit to private sector refers to financial resources provided to the private sector, such as through loans, purchases of nonequity securities, and trade credits and other accounts receivable, that establish a claim for repayment. For some countries these claims include credit to public enterprises. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.