Latvia: Financial institutions development

* indicates monthly or quarterly data series
 Latvia

Financial institutions development

 Latest value 0.382
 Year 2021
 Measure index points
 Data availability 1993 - 2021
 Average 0.392
 Min - Max 0.142 - 0.555
 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 0.392 index points with a minimum of 0.142 index points in 1993 and a maximum of 0.555 index points in 2007. The latest value from 2021 is 0.382 index points. For comparison, the world average in 2021 based on 178 countries is 0.436 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 institutions development - Recent values chart

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




Definition: An index for overall financial institutions development based on the three subindexes for depth, access, and efficiency from the indictors menu. See 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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