Non-performing loans to total gross loans (%) in Latvia
Latvia: Non-performing loans to total gross loans (%) was 2.4% in 2024. ◆ Volatile
Non-performing loans to total gross loans in Latvia, 2011–2024
Source: United Nations Statistics Division, SDG Global Database. Measured in %.
Analysis
In 2024, non-performing loans to total gross loans in Latvia stood at 2.4%.
Compared with earlier readings it is down 2.3% on the previous year and down 48.3% over ten years.
Over the whole period, non-performing loans to total gross loans in Latvia peaked at 14.1% in 2011 and was at its lowest, 2.3%, in 2022.
That places Latvia 109th out of 156 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Non-performing loans to total gross loans (%) in Latvia, year by year
| Year | % | Change |
|---|---|---|
| 2011 | 14.1% | — |
| 2012 | 8.7% | -37.9% |
| 2013 | 6.4% | -26.6% |
| 2014 | 4.6% | -28.2% |
| 2015 | 4.6% | +1.0% |
| 2016 | 6.3% | +34.7% |
| 2017 | 5.5% | -12.0% |
| 2018 | 5.3% | -4.0% |
| 2019 | 5.0% | -5.4% |
| 2020 | 3.1% | -38.2% |
| 2021 | 2.5% | -20.0% |
| 2022 | 2.3% | -7.5% |
| 2023 | 2.4% | +6.4% |
| 2024 | 2.4% | -2.3% |
Latvia compared with similar countries
- Latvia's 2.4% is above the median for high income countries, which is 2.1%, 1.1× the median. (53 countries reporting)
- Latvia's 2.4% is below the median for Europe & Central Asia, which is 2.6%, 93% of the median. (46 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 6.7% | 4.6% | 14.1% | 9 |
| 2020s | 2.5% | 2.3% | 3.1% | 5 |
Countries ranked near Latvia
More development goals data for Latvia
- Red List Index 0.9865 index (2025)
- Number of refugees per 100,000 population, by country of origin 10.3 per 100,000 people (2025)
- Manufacturing value added per capita 2,043 constant US$ (2025)
- Number of transboundary breeds 24 (2025)
- Number of transboundary breeds (not extinct) 24 (2025)
- Number of transboundary breeds with unknown risk status 0 (2025)
- Number of local breeds with unknown risk status 0 (2025)
- Number of local breeds (not extinct) 18 (2025)
- Number of local breeds kept in the country 19 (2025)
- Infant deaths 30 (2024)
Frequently asked questions
- What is non-performing loans to total gross loans in Latvia?
- Non-performing loans to total gross loans in Latvia was 2.4% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest non-performing loans to total gross loans recorded in Latvia?
- The highest recorded value was 14.1% in 2011.
- What is the lowest non-performing loans to total gross loans recorded in Latvia?
- The lowest recorded value was 2.3% in 2022.
- How does Latvia rank for non-performing loans to total gross loans?
- Latvia ranks 109th out of 156 countries with data for 2024.
- Is non-performing loans to total gross loans rising or falling in Latvia?
- Over the last ten years it is down 48.3%. The long-run trend across the full record is volatile.
- Where does this Latvia data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Non-performing loans to total gross loans (%). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 14 observations, free to reuse under UN SDG Global Database (open, attribution requested).