Bank Borrowers Statistics in Latvia (2026)
As of 2023, commercial bank borrowers in Latvia was 287.7 per 1,000 adults, per World Bank World Development Indicators data. Up from 286.8 per 1,000 adults in 2022 to 287.7 per 1,000 adults in 2023. Latvia ranks #22 of 27 economies in Europe & Central Asia on this measure, and #38 of 101 globally.
Key Statistics
- Latest value (2023)
- 287.7 per 1,000 adults (2023)
- Bank Borrowers in Latvia as of 2023, the most recent observation in World Bank World Development Indicators data.
- Change since 2022
- +0.3% (2023)
- Up from 286.8 per 1,000 adults in 2022 to 287.7 per 1,000 adults in 2023.
- CAGR 2008–2023
- −1% per year (2023)
- Compound annual growth rate from 333.1 per 1,000 adults in 2008 to 287.7 per 1,000 adults in 2023.
- Earliest value in this dataset (2008)
- 333.1 per 1,000 adults (2008)
- Earliest observation in this dataset, which covers 1990 onward (the source series may begin earlier). Down from 333.1 per 1,000 adults in 2008 to 287.7 per 1,000 adults in 2023.
- Peak value (2016)
- 376.7 per 1,000 adults (2016)
- Highest value in the available series; the 2023 value is 287.7 per 1,000 adults.
- Rank in Europe & Central Asia
- #22 of 27 (2023)
- Latvia ranks 22 of 27 countries in Europe & Central Asia with data, based on each country's latest value.
- Global rank
- #38 of 101 (2023)
- Latvia ranks 38 of 101 countries with data globally.
- Europe & Central Asia average
- 404.6 per 1,000 adults (2023)
- Latvia (287.7 per 1,000 adults) is below the average of 404.6 per 1,000 adults across the 27 countries in Europe & Central Asia with data.
- Projected 2026 value
- 256.3 per 1,000 adults (2026)
- Projection based on 7-year trend (CAGR -3.8%); not an official figure.
- Number of borrowers from commercial banks per 1,000 adults (2024)
- 304.1 per 1,000 adults (2024)
- Related indicator from IMF Financial Access Survey (alternative source for cross-checking; not merged with the main series).
- Internet use in Latvia (2024)
- 92.7% (2024)
- 92.7% of the population in Latvia used the internet in 2024 (World Bank); shown for context only.
- Population (2024)
- 1.9 million (2024)
- Latvia had a population of 1.9 million in 2024 (World Bank); shown for scale only.
Trend, 2008–2023
| Year | per 1,000 adults | Change |
|---|---|---|
| 2023 | 288 | +0.3% |
| 2022 | 287 | −1.3% |
| 2021 | 291 | −1.3% |
| 2020 | 294 | −5.4% |
| 2019 | 311 | −3.2% |
| 2018 | 321 | −1.7% |
| 2017 | 327 | −13.2% |
| 2016 | 377 | +2.4% |
| 2015 | 368 | +4.8% |
| 2014 | 351 | +2.4% |
| 2013 | 343 | −2.4% |
| 2012 | 352 | +0.5% |
| 2011 | 350 | −1.3% |
| 2010 | 354 | +8.7% |
| 2009 | 326 | −2.1% |
| 2008 | 333 | — |
Frequently asked questions
What is the latest figure for commercial bank borrowers in Latvia?
Commercial bank borrowers in Latvia stood at 287.7 per 1,000 adults in 2023, according to World Bank World Development Indicators data.
How recent is the bank borrowers data for Latvia?
The most recent observation is from 2023. World Bank World Development Indicators data is reported with a lag, so 2023 is the latest available year for Latvia.
Where does the bank borrowers data for Latvia come from?
The data comes from the World Bank World Development Indicators (indicator FB.CBK.BRWR.P3). The latest observation for Latvia is from 2023; the snapshot was retrieved on 2026-06-10.
Source & methodology
Source: World Bank, World Development Indicators, indicator
FB.CBK.BRWR.P3, retrieved .
Figures are shown exactly as published in the source dataset; only the change column of the trend table is computed from adjacent published values.Read more on the methodology page. All figures are estimates and projections; this is not financial advice.
Last updated .