Latvia: Bank credit to deposits

The latest value from 2021 is 62.84 percent, a decline from 67.33 percent in 2020. In comparison, the world average is 86.91 percent, based on data from 138 countries. Historically, the average for Latvia from 1995 to 2021 is 133.56 percent. The minimum value, 57.05 percent, was reached in 1996 while the maximum of 278.41 percent was recorded in 2008. See the global rankings for that indicator or use the country comparator to compare trends over time.

Definition: The financial resources provided to the private sector by domestic money banks as a share of total deposits. Domestic money banks comprise commercial banks and other financial institutions that accept transferable deposits, such as demand deposits. Total deposits include demand, time and saving deposits in deposit money banks.