Latvia Private Credit (% GDP)

Latvia's private credit (% GDP) rose to 29.65% in 2024, up from 28.7% in 2023, according to World Bank. This represents an increase of 0.95% from the previous year. Latvia has private credit (% GDP) lower than the global median (29.65% vs median 39.47%). Compared with the median in Europe, Latvia is lower (29.65% vs regional median 54.79%) and ranks 36th out of 41 countries in Europe.

Yearly Historical Data (2010-2024)

(in %)

Year	Private Credit (% GDP)
2024	29.65%
2023	28.7%
2022	30.99%
2021	32.45%
2020	34.73%
2019	35.72%
2018	37.91%
2017	43.69%
2016	48.37%
2015	49.99%
2014	53.22%
2013	60.33%
2012	67.2%
2011	82.89%
2010	96.64%

Latvia Private Credit (% GDP) : Definition

Private Credit (% GDP) measures credit extended to the private sector by financial institutions during the period, expressed as a percentage of nominal GDP for Latvia.