Net domestic credit (current LCU) in Latvia
Latvia: Net domestic credit (current LCU) was 16.04 billion current LCU in 2024. ▲ Rising
Net domestic credit in Latvia, 2010–2024
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in current LCU.
Analysis
The most recent figure for net domestic credit in Latvia is 16.04 billion current LCU, measured in 2024.
That represents a change of down 4.9% on the previous year and up 26.0% over ten years.
Over the whole period, net domestic credit in Latvia peaked at 16.86 billion current LCU in 2023 and was at its lowest, 12.73 billion current LCU, in 2014.
That places Latvia 157th out of 187 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 15 years of available data.
Net domestic credit (current LCU) in Latvia, year by year
| Year | current LCU | Change |
|---|---|---|
| 2010 | 16.32 billion current LCU | — |
| 2011 | 16.08 billion current LCU | -1.4% |
| 2012 | 13.98 billion current LCU | -13.1% |
| 2013 | 13.73 billion current LCU | -1.8% |
| 2014 | 12.73 billion current LCU | -7.3% |
| 2015 | 14.13 billion current LCU | +11.0% |
| 2016 | 14.33 billion current LCU | +1.4% |
| 2017 | 14.40 billion current LCU | +0.5% |
| 2018 | 13.13 billion current LCU | -8.8% |
| 2019 | 13.18 billion current LCU | +0.3% |
| 2020 | 13.23 billion current LCU | +0.4% |
| 2021 | 14.93 billion current LCU | +12.8% |
| 2022 | 16.68 billion current LCU | +11.8% |
| 2023 | 16.86 billion current LCU | +1.1% |
| 2024 | 16.04 billion current LCU | -4.9% |
Latvia compared with similar countries
- Latvia's 16.04 billion current LCU is below the median for high income countries, which is 701.01 billion current LCU, 2% of the median. (61 countries reporting)
- Latvia's 16.04 billion current LCU is below the median for Europe & Central Asia, which is 629.86 billion current LCU, 3% of the median. (48 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 14.20 billion current LCU | 12.73 billion current LCU | 16.32 billion current LCU | 10 |
| 2020s | 15.55 billion current LCU | 13.23 billion current LCU | 16.86 billion current LCU | 5 |
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 net domestic credit in Latvia?
- Net domestic credit in Latvia was 16.04 billion current LCU in 2024, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest net domestic credit recorded in Latvia?
- The highest recorded value was 16.86 billion current LCU in 2023.
- What is the lowest net domestic credit recorded in Latvia?
- The lowest recorded value was 12.73 billion current LCU in 2014.
- How does Latvia rank for net domestic credit?
- Latvia ranks 157th out of 187 countries with data for 2024.
- Is net domestic credit rising or falling in Latvia?
- Over the last ten years it is up 26.0%. The long-run trend across the full record is rising.
- Where does this Latvia data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Net domestic credit (current LCU). Statizoid updates them automatically from the source API.
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About this data
Net domestic credit is the sum of net claims on the central government and claims on other sectors of the domestic economy. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.