Business Working Capital Financing Statistics in Latvia (2026)
In 2024, 25.7% of firms in Latvia used banks to finance working capital, according to World Bank World Development Indicators data. Down from 26.5% in 2019 to 25.7% in 2024 (−0.8 percentage points). Latvia ranks #28 of 43 economies in Europe & Central Asia on this measure, and #73 of 145 globally.
Key Statistics
- Latest value (2024)
- 25.7% (2024)
- Business Working Capital Financing in Latvia as of 2024, the most recent observation in World Bank World Development Indicators data.
- Change since 2019
- −0.8 pp (2024)
- Down from 26.5% in 2019 to 25.7% in 2024 (−0.8 percentage points).
- Earliest value in this dataset (2002)
- 26.1% (2002)
- Earliest observation in this dataset, which covers 1990 onward (the source series may begin earlier). Down from 26.1% in 2002 to 25.7% in 2024.
- Peak value (2005)
- 45.2% (2005)
- Highest value in the available series; the 2024 value is 25.7%.
- Rank in Europe & Central Asia
- #28 of 43 (2024)
- Latvia ranks 28 of 43 countries in Europe & Central Asia with data, based on each country's latest value.
- Global rank
- #73 of 145 (2024)
- Latvia ranks 73 of 145 countries with data globally.
- Europe & Central Asia average
- 30.6% (2024)
- Latvia (25.7%) is below the average of 30.6% across the 43 countries in Europe & Central Asia with data.
- Firms with a bank loan/line of credit (% of firms) (2024)
- 36% (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, 2002–2024
| Year | % of firms | Change |
|---|---|---|
| 2024 | 25.7% | −0.8 pp |
| 2019 | 26.5% | +14.5 pp |
| 2013 | 12% | −33.2 pp |
| 2005 | 45.2% | +19.1 pp |
| 2002 | 26.1% | — |
Frequently asked questions
What share of firms in Latvia used banks to finance working capital?
25.7% of firms in Latvia used banks to finance working capital in 2024, according to World Bank World Development Indicators data.
When did business working capital financing in Latvia peak?
The highest value in the available series was 45.2% in 2005; the latest (2024) value is 25.7%.
How recent is the business working capital financing data for Latvia?
The most recent observation is from 2024. World Bank World Development Indicators data is reported with a lag, so 2024 is the latest available year for Latvia.
Where does the business working capital financing data for Latvia come from?
The data comes from the World Bank World Development Indicators (indicator IC.FRM.BKWC.ZS). The latest observation for Latvia is from 2024; the snapshot was retrieved on 2026-06-10.
Source & methodology
Source: World Bank, World Development Indicators, indicator
IC.FRM.BKWC.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 .