Business Bank Credit Access Statistics in Latvia (2026)
As of the 2024 data, 36% of firms in Latvia had a bank loan or line of credit, per World Bank World Development Indicators. Up from 35.2% in 2019 to 36% in 2024 (+0.8 percentage points). Latvia ranks #32 of 43 economies in Europe & Central Asia on this measure, and #68 of 145 globally.
Key Statistics
- Latest value (2024)
- 36% (2024)
- Business Bank Credit Access in Latvia as of 2024, the most recent observation in World Bank World Development Indicators data.
- Change since 2019
- +0.8 pp (2024)
- Up from 35.2% in 2019 to 36% in 2024 (+0.8 percentage points).
- Earliest value in this dataset (2009)
- 48.5% (2009)
- Earliest observation in this dataset, which covers 1990 onward (the source series may begin earlier). Down from 48.5% in 2009 to 36% in 2024.
- Peak value (2009)
- 48.5% (2009)
- Highest value in the available series; the 2024 value is 36%.
- Rank in Europe & Central Asia
- #32 of 43 (2024)
- Latvia ranks 32 of 43 countries in Europe & Central Asia with data, based on each country's latest value.
- Global rank
- #68 of 145 (2024)
- Latvia ranks 68 of 145 countries with data globally.
- Europe & Central Asia average
- 44.8% (2024)
- Latvia (36%) is below the average of 44.8% across the 43 countries in Europe & Central Asia with data.
- Firms using banks to finance working capital (% of firms) (2024)
- 25.7% (2024)
- Related indicator from World Bank World Development Indicators.
- Firms using banks to finance investment (% of firms) (2024)
- 18.1% (2024)
- Related indicator from World Bank World Development Indicators.
- 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, 2009–2024
| Year | % of firms | Change |
|---|---|---|
| 2024 | 36% | +0.8 pp |
| 2019 | 35.2% | +13.6 pp |
| 2013 | 21.6% | −26.8 pp |
| 2009 | 48.5% | — |
Frequently asked questions
What share of firms in Latvia had a bank loan or line of credit?
36% of firms in Latvia had a bank loan or line of credit in 2024, according to World Bank World Development Indicators data.
How has business bank credit access in Latvia changed over time?
World Bank World Development Indicators data show a decline from 48.5% in 2009 to 36% in 2024.
How does Latvia compare with other countries in Europe & Central Asia?
Latvia ranks 32 of 43 countries in Europe & Central Asia with data, with 36% versus a regional average of 44.8% (latest values per country).
Where does Latvia rank globally on business bank credit access?
Latvia ranks 68 of 145 countries with data globally, based on the latest World Bank World Development Indicators value for each country.
Source & methodology
Source: World Bank, World Development Indicators, indicator
IC.FRM.BNKL.ZS, 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 .