Total factoring volume to GDP (%) in Latvia
Latvia: Total factoring volume to GDP (%) was 3.0% in 2020. ▼ Falling
Total factoring volume to GDP in Latvia, 2007–2020
Source: Factors Chain International. Measured in %.
Analysis
Latvia recorded 3.0% for total factoring volume to gdp in 2020.
The figure is up 12.4% on the previous year and up 63.2% over ten years.
Over the whole period, total factoring volume to gdp in Latvia peaked at 6.3% in 2008 and was at its lowest, 1.8%, in 2011.
Latvia ranks 35th of 73 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 14 years of available data.
Total factoring volume to GDP (%) in Latvia, year by year
| Year | % | Change |
|---|---|---|
| 2007 | 5.1% | — |
| 2008 | 6.3% | +21.7% |
| 2009 | 4.8% | -23.6% |
| 2010 | 1.8% | -61.7% |
| 2011 | 1.8% | -0.1% |
| 2012 | 2.5% | +39.2% |
| 2013 | 2.7% | +6.0% |
| 2014 | 2.6% | -2.3% |
| 2015 | 3.5% | +31.5% |
| 2016 | 3.3% | -6.0% |
| 2017 | 2.8% | -12.8% |
| 2018 | 2.6% | -8.2% |
| 2019 | 2.7% | +1.8% |
| 2020 | 3.0% | +12.4% |
Latvia compared with similar countries
- Latvia's 3.0% is below the median for high income countries, which is 5.9%, 51% of the median. (44 countries reporting)
- Latvia's 3.0% is below the median for Europe & Central Asia, which is 5.9%, 51% of the median. (38 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 5.4% | 4.8% | 6.3% | 3 |
| 2010s | 2.6% | 1.8% | 3.5% | 10 |
| 2020s | 3.0% | 3.0% | 3.0% | 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 total factoring volume to gdp in Latvia?
- Total factoring volume to gdp in Latvia was 3.0% in 2020, according to Factors Chain International.
- What is the highest total factoring volume to gdp recorded in Latvia?
- The highest recorded value was 6.3% in 2008.
- What is the lowest total factoring volume to gdp recorded in Latvia?
- The lowest recorded value was 1.8% in 2011.
- How does Latvia rank for total factoring volume to gdp?
- Latvia ranks 35th out of 73 countries with data for 2020.
- Is total factoring volume to gdp rising or falling in Latvia?
- Over the last ten years it is up 63.2%. The long-run trend across the full record is falling.
- Where does this Latvia data come from?
- The figures come from Factors Chain International, published as part of Total factoring volume to GDP (%). Statizoid updates them automatically from the source API.
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About this data
GDP data provided by IFS and converted into USD using IFS exchange rates.