Net domestic credit in Latvia, Republic of
Latvia, Republic of: Net domestic credit was 16.04 billion current LCU in 2024. β² Rising
Net domestic credit in Latvia, Republic of, 2010β2024
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in current LCU.
Analysis
The most recent figure for net domestic credit in Latvia, Republic of 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, Republic of peaked at 16.86 billion current LCU in 2023 and was at its lowest, 12.73 billion current LCU, in 2014.
That places Latvia, Republic of 157th out of 186 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.
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, Republic of
- 154 Eswatini, Kingdom of 24.73 billion current LCU compare
- 155 El Salvador 24.71 billion current LCU compare
- 156 Malta 19.16 billion current LCU compare
- 158 Tajikistan, Republic of 14.32 billion current LCU compare
- 159 Palestine 12.70 billion current LCU compare
- 160 Fiji, Republic of 12.36 billion current LCU compare
More financial sector data for Latvia, Republic of
- Domestic credit to private sector by banks 29.3% (2024)
- Total reserves in months of imports 2.02 (2025)
- Net foreign assets 9.50 billion current LCU (2024)
- Monetary Sector credit to private sector 29.3% (2024)
- Claims on central government, etc. 3.5% (2024)
- Domestic credit to private sector 29.3% (2024)
- Official exchange rate 0.885 LCU per US$, period average (2025)
- Net migration -7,330 (2025)
- Net migration, annual growth rate -229.44 % change on previous year (2025)
- Net foreign assets (current LCU), per capita 5,089 current LCU per person (2024)
Frequently asked questions
- What is net domestic credit in Latvia, Republic of?
- Net domestic credit in Latvia, Republic of 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, Republic of?
- The highest recorded value was 16.86 billion current LCU in 2023.
- What is the lowest net domestic credit recorded in Latvia, Republic of?
- The lowest recorded value was 12.73 billion current LCU in 2014.
- How does Latvia, Republic of rank for net domestic credit?
- Latvia, Republic of ranks 157th out of 186 countries with data for 2024.
- Is net domestic credit rising or falling in Latvia, Republic of?
- Over the last ten years it is up 26.0%. The long-run trend across the full record is rising.
- Where does this Latvia, Republic of 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.