Latvia: Financial institutions development, depth

* indicates monthly or quarterly data series
 Latvia

Financial institutions development, depth

 Latest value 0.204
 Year 2021
 Measure index points
 Data availability 1993 - 2021
 Average 0.151
 Min - Max 0.045 - 0.278
 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 0.151 index points with a minimum of 0.045 index points in 1995 and a maximum of 0.278 index points in 2010. The latest value from 2021 is 0.204 index points. For comparison, the world average in 2021 based on 175 countries is 0.291 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, depth - Recent values chart

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




Definition: Measures the development of financial institutions in terms of depth. Constructed as a principal component of the following variables: Private-sector credit to GDP; Pension fund assets to GDP; Mutual fund assets to GDP; and Insurance premiums, life and non-life, to GDP. 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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