Latvia: Small firms with bank credit

* indicates monthly or quarterly data series
 Latvia

Small firms with bank credit, percent of all small firms

 Latest value 23.5
 Year 2019
 Measure percent
 Data availability 2009 - 2019
 Average 26.4
 Min - Max 15.5 - 40.2
 Source The World Bank
For that indicator, we provide data for Latvia from 2009 to 2019. The average value for Latvia during that period was 26.4 percent with a minimum of 15.5 percent in 2013 and a maximum of 40.2 percent in 2009. The latest value from 2019 is 23.5 percent. For comparison, the world average in 2019 based on 38 countries is 30.43 percent. 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 - Small firms with bank credit - recent values




Definition: Percentage of small firms (5-19 workers) in the formal sector with a line of credit or a loan from a (formal) financial institution, such as a bank, credit union, microfinance institution, or cooperative.


 Related indicators Latest value Reference Measure
 ATMs per 100,000 adults 57.87 2021 ATMs per 100,000 adults
 Bank accounts per 1000 adults 1,282.10 2021 bank accounts
 Bank branches per 100,000 people 6.64 2021 bank branches
 Firms using credit to finance investment 20.00 2019 percent
 Small firms with bank credit 23.50 2019 percent
 Percent people with credit cards 17.08 2021 percent
 Percent people with debit cards 88.53 2021 percent
 Domestic credit to the private sector 34.42 2020 percent
 Bank credit to the private sector 28.61 2022 percent
 Liquid liabilities, percent of GDP 73.87 2021 percent
 Bank assets to GDP 35.38 2021 percent
 Financial system deposits, percent of GDP 50.68 2021 percent
 Bank credit to government 3.31 2020 percent
 Banking system concentration 74.56 2021 percent
 Foreign bank assets 58.00 2013 percent of total bank assets
 Percent people with bank accounts 96.62 2021 percent
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