Latvia: Financial institutions development, efficiency

* indicates monthly or quarterly data series
 Latvia

Financial institutions development, efficiency

 Latest value 0.556
 Year 2021
 Measure index points
 Data availability 1993 - 2021
 Average 0.476
 Min - Max 0.185 - 0.627
 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 0.476 index points with a minimum of 0.185 index points in 1993 and a maximum of 0.627 index points in 2007. The latest value from 2021 is 0.556 index points. For comparison, the world average in 2021 based on 178 countries is 0.585 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, efficiency - Recent values chart

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




Definition: Measures the efficiency of financial institutions. Constructed using the Principal Component methodology using the following variables: Net interest margin, Lending-deposits spread, Non-interest income to total income, Overhead costs to total assets, Return on assets, and Return on equity. 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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