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
For that indicator, we provide data for Latvia from 1993 to 2021. The average value for Latvia during that period was 0.22 index points with a minimum of 0.082 index points in 1993 and a maximum of 0.32 index points in 2007. The latest value from 2021 is 0.212 index points. For comparison, the world average in 2021 based on 178 countries is 0.331 index points. 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 - Financial development - Recent values chart

Historical chart
Latvia - Financial development - historical chart - 1993-2021




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.


 Related indicators Latest value 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
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