Latvia Credit to GDP
Domestic credit to private sector as % of GDP FS.AST.PRVT.GD.ZS
Latvia's credit to gdp was 26.98% in 2025, ranked 111th globally. This represents a 8.7% decrease from 2024. Data from World Bank, covering 2010–2025.
Overview
Latvia's credit to gdp stood at 26.98% in 2025, a decline of +2.56% from 2024. Based on recent trends, this figure is projected to reach 26.98% by 2025. Latvia ranked 111th globally.
Latvia’s credit to GDP ratio has contracted sharply from 96.64 percent in 2010, the year of its all‑time peak, to 26.98 percent in 2025, the lowest level recorded over the 16‑year series and placing the country at rank 111 globally. This decline reflects a sustained reduction in domestic borrowing relative to output, contrasting with the modest credit expansion observed in peer economies such as Kazakhstan, which posted a comparable 27.00 percent in 2025, and Moldova at 27.43 percent. The trough in 2025 follows a decade‑long trend of tightening financial conditions, likely driven by tighter monetary policy and a shift toward de‑leveraging after the post‑crisis credit boom. While the current ratio remains well below the 2010 peak, any resurgence in investment demand or accommodative fiscal measures could stabilize or modestly raise the credit‑to‑GDP share, suggesting that future movements will hinge on the balance between growth incentives and prudential regulation.
Data & projection
| Year | Credit to GDP | YoY change | Rank |
|---|---|---|---|
| 2027* trend | 24.12% | - | - |
| 2026* trend | 25.55% | - | - |
| 2025* trend | 26.98% | - | - |
| 2025 | 26.98% | −2.56% | #111 |
| 2024 | 29.54% | +0.98% | #35 |
| 2023 | 28.56% | −2.43% | #46 |
| 2022 | 31.00% | −1.45% | #56 |
| 2021 | 32.45% | −2.28% | #64 |
| 2020 | 34.73% | −0.99% | #66 |
| 2019 | 35.72% | −2.19% | #74 |
| 2018 | 37.91% | −5.78% | #74 |
| 2017 | 43.69% | −4.68% | #88 |
| 2016 | 48.37% | −1.62% | #97 |
| 2015 | 49.99% | −3.23% | #96 |
| 2014 | 53.22% | −7.11% | #107 |
| 2013 | 60.33% | −6.87% | #120 |
| 2012 | 67.20% | −15.68% | #129 |
| 2011 | 82.89% | −13.76% | #136 |
Detected Pattern
Analysis
Latvia matched the Export Boom Cycle pattern in 2017. Historically, 71% of countries showing this pattern (546 out of 768) saw credit to gdp improve within 24 months. View full analysis →
Frequently Asked Questions
Latvia's credit to gdp was 26.98% in 2025. Ranked 111th globally. This represents a 8.7% decrease from the previous year.
Latvia's credit to gdp peaked at 96.64% in 2010.
The lowest credit to gdp in Latvia was 26.98% in 2025.
Latvia ranks 111th globally in credit to gdp as of 2025.
The World Bank indicator code is FS.AST.PRVT.GD.ZS. Data sourced from World Bank.
Latvia's credit to gdp is projected to reach 26.98% by 2025 based on trend extrapolation.
The credit to gdp of Latvia in 2025 was 26.98%. This ranks 111th in the world.
Cite this page
@misc{historysaid_latvia_credit-to-gdp,
title = {Latvia Credit to GDP},
url = {https://historysaid.com/latvia/credit-to-gdp/},
publisher = {HistorySaid},
year = {2026}
}