Private credit by deposit money banks and other financial in Latvia
Latvia: Private credit by deposit money banks and other financial was 31.8% in 2021. ◆ Volatile
Private credit by deposit money banks and other financial in Latvia, 1995–2021
Source: International Financial Statistics (IFS), International Monetary Fund (IMF). Measured in %.
Analysis
Latvia recorded 31.8% for private credit by deposit money banks and other financial in 2021.
Compared with earlier readings it is down 7.5% on the previous year and down 60.3% over ten years.
Over the whole period, private credit by deposit money banks and other financial in Latvia peaked at 94.7% in 2010 and was at its lowest, 6.7%, in 1996.
Latvia ranks 117th of 187 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Private credit by deposit money banks and other financial in Latvia, year by year
| Year | % | Change |
|---|---|---|
| 1995 | 7.3% | — |
| 1996 | 6.7% | -8.5% |
| 1997 | 10.3% | +54.0% |
| 1998 | 13.8% | +33.4% |
| 1999 | 15.2% | +10.1% |
| 2000 | 18.9% | +24.8% |
| 2001 | 26.1% | +38.1% |
| 2002 | 31.7% | +21.3% |
| 2003 | 38.2% | +20.5% |
| 2004 | 48.4% | +26.6% |
| 2005 | 64.3% | +32.9% |
| 2006 | 80.9% | +25.8% |
| 2007 | 82.1% | +1.5% |
| 2008 | 85.0% | +3.5% |
| 2010 | 94.7% | +11.4% |
| 2011 | 80.2% | -15.3% |
| 2012 | 64.7% | -19.3% |
| 2013 | 58.2% | -10.0% |
| 2014 | 51.3% | -11.8% |
| 2015 | 48.3% | -5.9% |
| 2016 | 46.7% | -3.3% |
| 2017 | 42.1% | -9.8% |
| 2018 | 36.6% | -13.1% |
| 2019 | 34.4% | -6.1% |
| 2020 | 34.4% | +0.1% |
| 2021 | 31.8% | -7.5% |
Latvia compared with similar countries
- Latvia's 31.8% is below the median for high income countries, which is 84.9%, 37% of the median. (62 countries reporting)
- Latvia's 31.8% is below the median for Europe & Central Asia, which is 56.3%, 57% of the median. (49 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 10.7% | 6.7% | 15.2% | 5 |
| 2000s | 52.9% | 18.9% | 85.0% | 9 |
| 2010s | 55.7% | 34.4% | 94.7% | 10 |
| 2020s | 33.1% | 31.8% | 34.4% | 2 |
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 private credit by deposit money banks and other financial in Latvia?
- Private credit by deposit money banks and other financial in Latvia was 31.8% in 2021, according to International Financial Statistics (IFS), International Monetary Fund (IMF).
- What is the highest private credit by deposit money banks and other financial recorded in Latvia?
- The highest recorded value was 94.7% in 2010.
- What is the lowest private credit by deposit money banks and other financial recorded in Latvia?
- The lowest recorded value was 6.7% in 1996.
- How does Latvia rank for private credit by deposit money banks and other financial?
- Latvia ranks 117th out of 187 countries with data for 2021.
- Is private credit by deposit money banks and other financial rising or falling in Latvia?
- Over the last ten years it is down 60.3%. The long-run trend across the full record is volatile.
- Where does this Latvia data come from?
- The figures come from International Financial Statistics (IFS), International Monetary Fund (IMF), published as part of Private credit by deposit money banks and other financial institutions to GDP (%). Statizoid updates them automatically from the source API.
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About this data
Private credit by deposit money banks and other financial institutions to GDP, calculated using the following deflation method: {(0.5)*[Ft/P_et + Ft-1/P_et-1]}/[GDPt/P_at] where F is credit to the private sector, P_e is end-of period CPI, and P_a is average annual CPI. Raw data are from the electronic version of the IMF’s International Financial Statistics. Private credit by deposit money banks and other financial institutions (IFS lines 22d and 42d); GDP in local currency (IFS line 99B..ZF or, if not available, line 99B.CZF); end-of period CPI (IFS line 64M..ZF or, if not available, 64Q..ZF); and average annual CPI is calculated using the monthly CPI values (IFS line 64M..ZF)