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 |
The latest value from 2021 is 0.382 index points, an increase from 0.377 index points in 2020. In comparison, the world average is 0.436 index points, based on data from 178 countries. Historically, the average for Latvia from 1993 to 2021 is 0.392 index points. The minimum value, 0.142 index points, was reached in 1993 while the maximum of 0.555 index points was recorded in 2007.
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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.
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| 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 |