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 |
The latest value from 2021 is 0.332 index points, a decline from 0.335 index points in 2020. In comparison, the world average is 0.363 index points, based on data from 175 countries. Historically, the average for Latvia from 1993 to 2021 is 0.461 index points. The minimum value, 0.166 index points, was reached in 1993 while the maximum of 0.734 index points was recorded in 2010.
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: 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.
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 |