Latvia: Financial institutions development, access

* indicates monthly or quarterly data series
 Latvia

Financial institutions development, access

 Latest value 0.332
 Year 2021
 Measure index points
 Data availability 1993 - 2021
 Average 0.461
 Min - Max 0.166 - 0.734
 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 0.461 index points with a minimum of 0.166 index points in 1993 and a maximum of 0.734 index points in 2010. The latest value from 2021 is 0.332 index points. For comparison, the world average in 2021 based on 175 countries is 0.363 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, access - Recent values chart

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




Definition: Measures access to financial services as a principal component of the following two variables: Bank branches per 100,000 adults and ATMs per 100,000 adults. 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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