Latvia: Financial development
* indicates monthly or quarterly data series
| Latvia |
Financial development |
|---|---|
| Latest value | 0.212 |
| Year | 2021 |
| Measure | index points |
| Data availability | 1993 - 2021 |
| Average | 0.220 |
| Min - Max | 0.082 - 0.320 |
| Source | International Monetary Fund |
The latest value from 2021 is 0.212 index points, an increase from 0.21 index points in 2020. In comparison, the world average is 0.331 index points, based on data from 178 countries. Historically, the average for Latvia from 1993 to 2021 is 0.22 index points. The minimum value, 0.082 index points, was reached in 1993 while the maximum of 0.32 index points was recorded in 2007.
See the global rankings for that indicator or
use the country comparator to compare trends over time.
Select indicator
* indicates monthly or quarterly data series
Recent data
Historical series
Definition: An index for overall financial development based on the two subindexes for financial institutions development and financial markets development. See the indicator menu and Svirydzenka, Katsiaryna (IMF, 2016) for more detail.
Selected articles from our guide:
What factors determine the exchange rates
International lending and sovereign debt
All articles
| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Financial development | 0.212 | 2021 | index points |
| Financial institutions development | 0.382 | 2021 | index points |
| Financial institutions development, depth | 0.204 | 2021 | index points |
| Financial institutions development, access | 0.332 | 2021 | index points |
| Financial institutions development, efficiency | 0.556 | 2021 | index points |
| Financial markets development | 0.034 | 2021 | index points |
| Financial markets development, depth | 0.040 | 2021 | index points |
| Financial markets development, access | 0.059 | 2021 | index points |