Net domestic credit (current LCU), annual growth rate in Latvia
Latvia: Net domestic credit (current LCU), annual growth rate was -4.89 % change on previous year in 2024. ◆ Volatile
Net domestic credit (current LCU), annual growth rate in Latvia, 2011–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2024, net domestic credit (current lcu), annual growth rate in Latvia stood at -4.89 % change on previous year.
The figure is down 553.4% on the previous year and up 32.8% over ten years.
Over the whole period, net domestic credit (current lcu), annual growth rate in Latvia peaked at 12.82 % change on previous year in 2021 and was at its lowest, -13.05 % change on previous year, in 2012.
That places Latvia 175th out of 186 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Net domestic credit (current LCU), annual growth rate in Latvia, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 2011 | -1.44 % change on previous year | — |
| 2012 | -13.05 % change on previous year | +806.2% |
| 2013 | -1.81 % change on previous year | -86.1% |
| 2014 | -7.28 % change on previous year | +302.1% |
| 2015 | 11 % change on previous year | -251.2% |
| 2016 | 1.42 % change on previous year | -87.1% |
| 2017 | 0.4884 % change on previous year | -65.5% |
| 2018 | -8.83 % change on previous year | -1908.3% |
| 2019 | 0.3427 % change on previous year | -103.9% |
| 2020 | 0.4174 % change on previous year | +21.8% |
| 2021 | 12.82 % change on previous year | +2970.8% |
| 2022 | 11.78 % change on previous year | -8.1% |
| 2023 | 1.08 % change on previous year | -90.8% |
| 2024 | -4.89 % change on previous year | -553.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | -2.13 % change on previous year | -13.05 % change on previous year | 11 % change on previous year | 9 |
| 2020s | 4.24 % change on previous year | -4.89 % change on previous year | 12.82 % change on previous year | 5 |
Countries ranked near Latvia
- 172 Finland -1.46 % change on previous year compare
- 173 Germany -2.13 % change on previous year compare
- 174 Sweden -2.36 % change on previous year compare
- 176 Panama -4.93 % change on previous year compare
- 177 Ukraine -5.37 % change on previous year compare
- 178 Netherlands -5.38 % change on previous year compare
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 net domestic credit (current lcu), annual growth rate in Latvia?
- Net domestic credit (current lcu), annual growth rate in Latvia was -4.89 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest net domestic credit (current lcu), annual growth rate recorded in Latvia?
- The highest recorded value was 12.82 % change on previous year in 2021.
- What is the lowest net domestic credit (current lcu), annual growth rate recorded in Latvia?
- The lowest recorded value was -13.05 % change on previous year in 2012.
- How does Latvia rank for net domestic credit (current lcu), annual growth rate?
- Latvia ranks 175th out of 186 countries with data for 2024.
- Is net domestic credit (current lcu), annual growth rate rising or falling in Latvia?
- Over the last ten years it is up 32.8%. The long-run trend across the full record is volatile.
- Where does this Latvia data come from?
- The figures come from Statizoid (derived), published as part of Net domestic credit (current LCU), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 14 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Net domestic credit (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Net domestic credit International Financial Statistics database, International Monetary Fund (IMF)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Net domestic credit (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.