Latvia: Financial markets development

The latest value from 2021 is 0.034 index points, a decline from 0.035 index points in 2020. In comparison, the world average is 0.239 index points, based on data from 158 countries. Historically, the average for Latvia from 1993 to 2021 is 0.04 index points. The minimum value, 0.017 index points, was reached in 1996 while the maximum of 0.073 index points was recorded in 2007. See the global rankings for that indicator or use the country comparator to compare trends over time.

Definition: An index for overall financial markets development based on the three subindexes for depth, access, and efficiency listed on the indictors menu. See Svirydzenka, Katsiaryna (IMF, 2016) for more detail.