Latvia: Domestic credit to the private sector

* indicates monthly or quarterly data series
 Latvia

Domestic credit to the private sector, percent of GDP

 Latest value 34.42
 Year 2020
 Measure percent
 Data availability 2010 - 2020
 Average 53.79
 Min - Max 34.37 - 94.68
 Source The World Bank
For that indicator, we provide data for Latvia from 2010 to 2020. The average value for Latvia during that period was 53.79 percent with a minimum of 34.37 percent in 2019 and a maximum of 94.68 percent in 2010. The latest value from 2020 is 34.42 percent. For comparison, the world average in 2020 based on 151 countries is 61.27 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent values chart
Latvia - Domestic credit to the private sector - recent values

Historical chart
Latvia - Domestic credit to the private sector - historical chart - 2010-2020




Definition: Domestic credit to private sector refers to financial resources provided to the private sector, such as through loans, purchases of nonequity securities, and trade credits and other accounts receivable, that establish a claim for repayment. For some countries these claims include credit to public enterprises.


 Related indicators Latest value Reference Measure
 ATMs per 100,000 adults 57.87 2021 ATMs per 100,000 adults
 Bank accounts per 1000 adults 1,282.10 2021 bank accounts
 Bank branches per 100,000 people 6.64 2021 bank branches
 Firms using credit to finance investment 20.00 2019 percent
 Small firms with bank credit 23.50 2019 percent
 Percent people with credit cards 17.08 2021 percent
 Percent people with debit cards 88.53 2021 percent
 Domestic credit to the private sector 34.42 2020 percent
 Bank credit to the private sector 28.61 2022 percent
 Liquid liabilities, percent of GDP 73.87 2021 percent
 Bank assets to GDP 35.38 2021 percent
 Financial system deposits, percent of GDP 50.68 2021 percent
 Bank credit to government 3.31 2020 percent
 Banking system concentration 74.56 2021 percent
 Foreign bank assets 58.00 2013 percent of total bank assets
 Percent people with bank accounts 96.62 2021 percent
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