Credit to the private sector in Latvia in 2024 — 29.33%. Ranked 102 in the world out of 143. Since 2010, the indicator has fallen by 67.32 pp.
2010–2024 · % of GDP
How the value compares with the world and the groups this territory belongs to: Latvia
| Year | % | Change, pp |
|---|---|---|
| 2024 | 29.33 | +0.76 pp |
| 2023 | 28.56 | −2.43 pp |
| 2022 | 31 | −1.45 pp |
| 2021 | 32.45 | −2.28 pp |
| 2020 | 34.73 | −0.99 pp |
| 2019 | 35.72 | −2.19 pp |
| 2018 | 37.91 | −5.78 pp |
| 2017 | 43.69 | −4.68 pp |
| 2016 | 48.37 | −1.62 pp |
| 2015 | 49.99 | −3.23 pp |
| 2014 | 53.22 | −7.11 pp |
| 2013 | 60.33 | −6.87 pp |
| 2012 | 67.2 | −15.68 pp |
| 2011 | 82.89 | −13.76 pp |
| 2010 | 96.64 | — |
The same indicator for neighboring countries — with links to their pages
Domestic credit to the private sector by financial institutions as a percent of GDP: loans, purchases of non-equity securities, trade credit and other accounts receivable. An indicator of financial development, but of potential risk as well: growth that is too fast relative to GDP is one of the most reliable precursors of banking crises.
Source: World Economic Outlook (IMF), license IMF open data.
