Latvia: Financial markets development, depth

* indicates monthly or quarterly data series
 Latvia

Financial markets development, depth

 Latest value 0.040
 Year 2021
 Measure index points
 Data availability 1993 - 2021
 Average 0.031
 Min - Max 0.006 - 0.075
 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 0.031 index points with a minimum of 0.006 index points in 1996 and a maximum of 0.075 index points in 2007. The latest value from 2021 is 0.04 index points. For comparison, the world average in 2021 based on 157 countries is 0.255 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 markets development, depth - Recent values chart

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




Definition: Measures the depth (size) of financial markets using the principal component methodology with the following variables: Stock market capitalization to GDP; Stocks traded to GDP; International debt securities of government to GDP; Total debt securities of financial corporations to GDP; and Total debt securities of nonfinancial corporations 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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