Number of Borrowers, Commercial Banks, of Which: Household Sector in Latvia
Latvia: Number of Borrowers, Commercial Banks, of Which: Household Sector was 465,239 in 2024. ▼ Falling
Number of Borrowers, Commercial Banks, of Which: Household Sector in Latvia, 2008–2024
Source: International Monetary Fund.
Analysis
In 2024, number of borrowers, commercial banks, of which: household sector in Latvia stood at 465,239.
Compared with earlier readings it is up 4.6% on the previous year and down 19.3% over ten years.
Over the whole period, number of borrowers, commercial banks, of which: household sector in Latvia peaked at 616,392 in 2010 and was at its lowest, 441,593, in 2022.
Latvia ranks 58th of 89 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 17 years of available data.
Number of Borrowers, Commercial Banks, of Which: Household Sector in Latvia, year by year
| Year | Value | Change |
|---|---|---|
| 2008 | 596,613 | — |
| 2009 | 577,178 | -3.3% |
| 2010 | 616,392 | +6.8% |
| 2011 | 597,338 | -3.1% |
| 2012 | 589,576 | -1.3% |
| 2013 | 569,703 | -3.4% |
| 2014 | 576,427 | +1.2% |
| 2015 | 597,354 | +3.6% |
| 2016 | 604,046 | +1.1% |
| 2017 | 519,992 | -13.9% |
| 2018 | 506,547 | -2.6% |
| 2019 | 486,357 | -4.0% |
| 2020 | 457,184 | -6.0% |
| 2021 | 448,030 | -2.0% |
| 2022 | 441,593 | -1.4% |
| 2023 | 444,706 | +0.7% |
| 2024 | 465,239 | +4.6% |
Latvia compared with similar countries
- Latvia's 465,239 is below the median for high income countries, which is 2.09 million, 22% of the median. (27 countries reporting)
- Latvia's 465,239 is below the median for Europe & Central Asia, which is 2.53 million, 18% of the median. (27 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 586,896 | 577,178 | 596,613 | 2 |
| 2010s | 566,373 | 486,357 | 616,392 | 10 |
| 2020s | 451,350 | 441,593 | 465,239 | 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 number of borrowers, commercial banks, of which: household sector in Latvia?
- Number of borrowers, commercial banks, of which: household sector in Latvia was 465,239 in 2024, according to International Monetary Fund.
- What is the highest number of borrowers, commercial banks, of which: household sector recorded in Latvia?
- The highest recorded value was 616,392 in 2010.
- What is the lowest number of borrowers, commercial banks, of which: household sector recorded in Latvia?
- The lowest recorded value was 441,593 in 2022.
- How does Latvia rank for number of borrowers, commercial banks, of which: household sector?
- Latvia ranks 58th out of 89 countries with data for 2024.
- Is number of borrowers, commercial banks, of which: household sector rising or falling in Latvia?
- Over the last ten years it is down 19.3%. The long-run trend across the full record is falling.
- Where does this Latvia data come from?
- The figures come from International Monetary Fund, published as part of Number of Borrowers, Commercial Banks, of Which: Household Sector Borrowers. Statizoid updates them automatically from the source API.
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About this data
Gender-disaggregated data on access to and use of financial services.