Net domestic credit (current LCU), per unit of GDP in Latvia
Latvia: Net domestic credit (current LCU), per unit of GDP was 0.3645 current LCU per US$ of GDP in 2024. ▼ Falling
Net domestic credit (current LCU), per unit of GDP in Latvia, 2010–2024
Source: Statizoid (derived). Measured in current LCU per US$ of GDP.
Analysis
In 2024, net domestic credit (current lcu), per unit of gdp in Latvia stood at 0.3645 current LCU per US$ of GDP. That is the lowest value across all 15 years on record.
The figure is down 7.5% on the previous year and down 13.3% over ten years.
Over the whole period, net domestic credit (current lcu), per unit of gdp in Latvia peaked at 0.6953 current LCU per US$ of GDP in 2010 and was at its lowest, 0.3645 current LCU per US$ of GDP, in 2024.
Latvia ranks 177th of 186 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 15 years of available data.
Net domestic credit (current LCU), per unit of GDP in Latvia, year by year
| Year | current LCU per US$ of GDP | Change |
|---|---|---|
| 2010 | 0.6953 current LCU per US$ of GDP | — |
| 2011 | 0.6052 current LCU per US$ of GDP | -13.0% |
| 2012 | 0.5157 current LCU per US$ of GDP | -14.8% |
| 2013 | 0.471 current LCU per US$ of GDP | -8.7% |
| 2014 | 0.4205 current LCU per US$ of GDP | -10.7% |
| 2015 | 0.5365 current LCU per US$ of GDP | +27.6% |
| 2016 | 0.5286 current LCU per US$ of GDP | -1.5% |
| 2017 | 0.49 current LCU per US$ of GDP | -7.3% |
| 2018 | 0.3949 current LCU per US$ of GDP | -19.4% |
| 2019 | 0.3981 current LCU per US$ of GDP | +0.8% |
| 2020 | 0.3964 current LCU per US$ of GDP | -0.4% |
| 2021 | 0.3909 current LCU per US$ of GDP | -1.4% |
| 2022 | 0.439 current LCU per US$ of GDP | +12.3% |
| 2023 | 0.3942 current LCU per US$ of GDP | -10.2% |
| 2024 | 0.3645 current LCU per US$ of GDP | -7.5% |
Latvia compared with similar countries
- Latvia's 0.3645 current LCU per US$ of GDP is below the median for high income countries, which is 1.46 current LCU per US$ of GDP, 25% of the median. (61 countries reporting)
- Latvia's 0.3645 current LCU per US$ of GDP is below the median for Europe & Central Asia, which is 1.37 current LCU per US$ of GDP, 27% of the median. (48 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 0.5056 current LCU per US$ of GDP | 0.3949 current LCU per US$ of GDP | 0.6953 current LCU per US$ of GDP | 10 |
| 2020s | 0.397 current LCU per US$ of GDP | 0.3645 current LCU per US$ of GDP | 0.439 current LCU per US$ of GDP | 5 |
Countries ranked near Latvia
- 174 Montenegro 0.4406 current LCU per US$ of GDP compare
- 175 Tonga 0.4131 current LCU per US$ of GDP compare
- 176 Lithuania 0.3952 current LCU per US$ of GDP compare
- 178 Bahrain 0.3271 current LCU per US$ of GDP compare
- 179 Liberia 0.319 current LCU per US$ of GDP compare
- 180 Kuwait 0.2945 current LCU per US$ of GDP compare
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 net domestic credit (current lcu), per unit of gdp in Latvia?
- Net domestic credit (current lcu), per unit of gdp in Latvia was 0.3645 current LCU per US$ of GDP in 2024, according to Statizoid (derived).
- What is the highest net domestic credit (current lcu), per unit of gdp recorded in Latvia?
- The highest recorded value was 0.6953 current LCU per US$ of GDP in 2010.
- What is the lowest net domestic credit (current lcu), per unit of gdp recorded in Latvia?
- The lowest recorded value was 0.3645 current LCU per US$ of GDP in 2024.
- How does Latvia rank for net domestic credit (current lcu), per unit of gdp?
- Latvia ranks 177th out of 186 countries with data for 2024.
- Is net domestic credit (current lcu), per unit of gdp rising or falling in Latvia?
- Over the last ten years it is down 13.3%. The long-run trend across the full record is falling.
- Where does this Latvia data come from?
- The figures come from Statizoid (derived), published as part of Net domestic credit (current LCU), per unit of GDP. Statizoid updates them automatically from the source API.
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How this figure is calculated
Net domestic credit (current LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Net domestic credit (current LCU) ÷ GDP (current US$)
Computed from
- Net domestic credit International Financial Statistics database, International Monetary Fund (IMF)
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
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
Net domestic credit (current LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.