Monetary Sector credit to private sector in Latvia
Latvia: Monetary Sector credit to private sector was 29.3% in 2024. ▼ Falling
Monetary Sector credit to private sector in Latvia, 2010–2024
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in % GDP.
Analysis
Latvia recorded 29.3% for monetary sector credit to private sector in 2024.
Compared with earlier readings it is up 2.7% on the previous year and down 44.9% over ten years.
Over the whole period, monetary sector credit to private sector in Latvia peaked at 96.6% in 2010 and was at its lowest, 28.6%, in 2023.
Latvia ranks 115th of 186 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 15 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 57.6% | 35.7% | 96.6% | 10 |
| 2020s | 31.2% | 28.6% | 34.7% | 5 |
Countries ranked near Latvia
More financial sector data for Latvia
- Domestic credit to private sector 29.3% (2024)
- Claims on central government, etc. 3.5% (2024)
- Net foreign assets 9.50 billion current LCU (2024)
- Net domestic credit 16.04 billion current LCU (2024)
- Total reserves in months of imports 2.02 (2025)
- Net migration -7,330 (2025)
- Domestic credit to private sector by banks 29.3% (2024)
- Official exchange rate 0.885 LCU per US$, period average (2025)
- GDP deflator: linked series 133.57 base year varies by country (2025)
- Inflation, GDP deflator: linked series 3.6% (2025)
Frequently asked questions
- What is monetary sector credit to private sector in Latvia?
- Monetary sector credit to private sector in Latvia was 29.3% in 2024, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest monetary sector credit to private sector recorded in Latvia?
- The highest recorded value was 96.6% in 2010.
- What is the lowest monetary sector credit to private sector recorded in Latvia?
- The lowest recorded value was 28.6% in 2023.
- How does Latvia rank for monetary sector credit to private sector?
- Latvia ranks 115th out of 186 countries with data for 2024.
- Is monetary sector credit to private sector rising or falling in Latvia?
- Over the last ten years it is down 44.9%. The long-run trend across the full record is falling.
- Where does this Latvia data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Monetary Sector credit to private sector (% GDP). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 15 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Domestic credit to private sector refers to financial resources provided to the private sector, such as through loans, purchases of nonequity securities, and trade credits and other accounts receivable, that establish a claim for repayment. For some countries these claims include credit to public enterprises. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.