Latvia Private Credit to GDP
29.3%▲ +0.76 pt
Dec 2024 · Annual
Latvia's private credit stood at 29.33% of GDP in 2024, up from 28.56% of GDP in 2023. The ratio remains well below the 96.64% recorded in 2010, the highest in the series, and is only marginally above the all-time low set in 2023. Data are available annually from 2010.
| Actual | Previous | Highest | Lowest | Dates | Frequency |
|---|---|---|---|---|---|
| 29.3% | 28.6% | 96.6%Dec 2010 | 28.6%Dec 2023 | 2010 – 2024 | Annual |
Related indicators
| Indicator | Last | Previous | Highest | Lowest | Last updated | Frequency |
|---|---|---|---|---|---|---|
| Interest Rate | 2.3% | 2.3% | 4.8% | 0.0% | Aug 2026 | Monthly |
| GDP | $48.6B | $44.0B | $48.6B | $5.6B | Dec 2025 | Annual |
About this series
Private Credit to GDP in Latvia averaged 48.8% from 2010 until 2024, reaching an all-time high of 96.6% in Dec 2010 and a record low of 28.6% in Dec 2023. The series is reported yearly with history from 2010.
Private credit as a percentage of GDP is a ratio comparing private-sector credit to economic output in Latvia. The indicator is expressed in percent of GDP and compiled annually. The available series starts in 2010 and ends in 2024, with annual observations only.
Source & methodology
We use primary economic sources for every country. See our methodology page for how we source and verify this data.
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