Outstanding Loans, Commercial Banks, of Which: Household Sector Loans in Latvia
Latvia: Outstanding Loans, Commercial Banks, of Which: Household Sector Loans was 6.12 billion in 2024. ▼ Falling
Outstanding Loans, Commercial Banks, of Which: Household Sector Loans in Latvia, 2004–2024
Source: International Monetary Fund.
Analysis
In 2024, outstanding loans, commercial banks, of which: household sector loans in Latvia stood at 6.12 billion.
Compared with earlier readings it is up 6.3% on the previous year and up 9.2% over ten years.
Over the whole period, outstanding loans, commercial banks, of which: household sector loans in Latvia peaked at 9.06 billion in 2008 and was at its lowest, 1.86 billion, in 2004.
That places Latvia 108th out of 134 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 21 years of available data.
Outstanding Loans, Commercial Banks, of Which: Household Sector Loans in Latvia, year by year
| Year | Value | Change |
|---|---|---|
| 2004 | 1.86 billion | — |
| 2005 | 3.46 billion | +85.5% |
| 2006 | 6.09 billion | +76.0% |
| 2007 | 8.48 billion | +39.3% |
| 2008 | 9.06 billion | +6.9% |
| 2009 | 8.61 billion | -5.0% |
| 2010 | 8.12 billion | -5.7% |
| 2011 | 7.49 billion | -7.8% |
| 2012 | 6.58 billion | -12.2% |
| 2013 | 6.03 billion | -8.3% |
| 2014 | 5.61 billion | -7.1% |
| 2015 | 5.38 billion | -4.1% |
| 2016 | 5.29 billion | -1.7% |
| 2017 | 5.23 billion | -1.0% |
| 2018 | 4.95 billion | -5.4% |
| 2019 | 4.99 billion | +0.8% |
| 2020 | 4.99 billion | +0.0% |
| 2021 | 5.37 billion | +7.6% |
| 2022 | 5.59 billion | +4.3% |
| 2023 | 5.76 billion | +2.9% |
| 2024 | 6.12 billion | +6.3% |
Latvia compared with similar countries
- Latvia's 6.12 billion is below the median for high income countries, which is 248.79 billion, 2% of the median. (52 countries reporting)
- Latvia's 6.12 billion is below the median for Europe & Central Asia, which is 271.67 billion, 2% of the median. (46 countries reporting)
Biggest year-on-year movements
Years where Outstanding Loans, Commercial Banks, of Which: Household Sector Loans in Latvia changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2005 | +85.5% | 1.86 billion | 3.46 billion |
| 2006 | +76.0% | 3.46 billion | 6.09 billion |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 6.26 billion | 1.86 billion | 9.06 billion | 6 |
| 2010s | 5.97 billion | 4.95 billion | 8.12 billion | 10 |
| 2020s | 5.57 billion | 4.99 billion | 6.12 billion | 5 |
Countries ranked near Latvia
- 105 Malta 10.25 billion compare
- 106 Libya 9.51 billion compare
- 107 El Salvador 9.02 billion compare
- 109 Bahrain 5.95 billion compare
- 110 Seychelles 5.12 billion compare
- 111 West Bank and Gaza 4.23 billion compare
More financial sector data for Latvia
- Net domestic credit (current LCU), per capita 8,595 current LCU per person (2024)
- Net domestic credit (current LCU), per unit of GDP 0.3645 current LCU per US$ of GDP (2024)
- Net domestic credit (current LCU), annual growth rate -4.89 % change on previous year (2024)
- Gold reserves at 35 SDRs per ounce 7.49 million SDR (2025)
- Gold reserves at market value 682.52 million SDR (2025)
- Reserves excluding gold, foreign exchange 3.27 billion SDR (2025)
- Reserves excluding gold 3.77 billion SDR (2025)
- Total reserves (gold at market value) 4.45 billion SDR (2025)
- Total reserves (gold at national valuation) 4.45 billion SDR (2025)
- Total reserves (gold at national valuation) (SDR), per capita 2,406 SDR per person (2025)
Frequently asked questions
- What is outstanding loans, commercial banks, of which: household sector loans in Latvia?
- Outstanding loans, commercial banks, of which: household sector loans in Latvia was 6.12 billion in 2024, according to International Monetary Fund.
- What is the highest outstanding loans, commercial banks, of which: household sector loans recorded in Latvia?
- The highest recorded value was 9.06 billion in 2008.
- What is the lowest outstanding loans, commercial banks, of which: household sector loans recorded in Latvia?
- The lowest recorded value was 1.86 billion in 2004.
- How does Latvia rank for outstanding loans, commercial banks, of which: household sector loans?
- Latvia ranks 108th out of 134 countries with data for 2024.
- Is outstanding loans, commercial banks, of which: household sector loans rising or falling in Latvia?
- Over the last ten years it is up 9.2%. 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 Outstanding Loans, Commercial Banks, of Which: Household Sector Loans. 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.