Provisions to nonperforming loans (%) in Latvia
Latvia: Provisions to nonperforming loans (%) was 40.3% in 2020. ▼ Falling
Provisions to nonperforming loans in Latvia, 1998–2020
Source: Financial Soundness Indicators Database (fsi.imf.org), International Monetary Fund (IMF). Measured in %.
Analysis
In 2020, provisions to nonperforming loans in Latvia stood at 40.3%.
The figure is down 9.1% on the previous year and down 0.4% over ten years.
Over the whole period, provisions to nonperforming loans in Latvia peaked at 129.8% in 2007 and was at its lowest, 32.8%, in 2009.
That places Latvia 119th out of 140 countries with data for 2020, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 23 years of available data.
Provisions to nonperforming loans (%) in Latvia, year by year
| Year | % | Change |
|---|---|---|
| 1998 | 78.0% | — |
| 1999 | 79.3% | +1.7% |
| 2000 | 74.1% | -6.6% |
| 2001 | 61.7% | -16.7% |
| 2002 | 78.3% | +26.9% |
| 2003 | 89.4% | +14.2% |
| 2004 | 99.1% | +10.9% |
| 2005 | 98.8% | -0.3% |
| 2006 | 116.6% | +18.0% |
| 2007 | 129.8% | +11.3% |
| 2008 | 46.2% | -64.4% |
| 2009 | 32.8% | -29.0% |
| 2010 | 40.5% | +23.5% |
| 2011 | 66.1% | +63.2% |
| 2012 | 71.7% | +8.5% |
| 2013 | 73.6% | +2.7% |
| 2014 | 77.2% | +4.8% |
| 2015 | 77.8% | +0.8% |
| 2016 | 45.4% | -41.6% |
| 2017 | 43.3% | -4.7% |
| 2018 | 39.7% | -8.3% |
| 2019 | 44.4% | +11.7% |
| 2020 | 40.3% | -9.1% |
Latvia compared with similar countries
- Latvia's 40.3% is below the median for high income countries, which is 51.6%, 78% of the median. (55 countries reporting)
- Latvia's 40.3% is below the median for Europe & Central Asia, which is 60.5%, 67% of the median. (46 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 78.7% | 78.0% | 79.3% | 2 |
| 2000s | 82.7% | 32.8% | 129.8% | 10 |
| 2010s | 58.0% | 39.7% | 77.8% | 10 |
| 2020s | 40.3% | 40.3% | 40.3% | 1 |
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 provisions to nonperforming loans in Latvia?
- Provisions to nonperforming loans in Latvia was 40.3% in 2020, according to Financial Soundness Indicators Database (fsi.imf.org), International Monetary Fund (IMF).
- What is the highest provisions to nonperforming loans recorded in Latvia?
- The highest recorded value was 129.8% in 2007.
- What is the lowest provisions to nonperforming loans recorded in Latvia?
- The lowest recorded value was 32.8% in 2009.
- How does Latvia rank for provisions to nonperforming loans?
- Latvia ranks 119th out of 140 countries with data for 2020.
- Is provisions to nonperforming loans rising or falling in Latvia?
- Over the last ten years it is down 0.4%. The long-run trend across the full record is falling.
- Where does this Latvia data come from?
- The figures come from Financial Soundness Indicators Database (fsi.imf.org), International Monetary Fund (IMF), published as part of Provisions to nonperforming loans (%). Statizoid updates them automatically from the source API.
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About this data
Provisions to nonperforming loans. Nonperforming Loans are loans for which the contractual payments are delinquent, usually defined as and NPL ratio being overdue for more than a certain number of days (e.g., usually more than 90 days). Reported by IMF staff. Note that due to differences in national accounting, taxation, and supervisory regimes, these data are not strictly comparable across countries.