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 34th of 72 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.
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
- 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 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 34th out of 72 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.