Domestic credit to the private sector in Latvia

Domestic credit to the private sector in Latvia was 29.3% of GDP in 2024, according to the World Bank. That is up 0.8 pts from 2023. That is the 24th highest of 26 EU countries in 2024.

2024, % of GDP29.3

Change on 2023+0.8 pts

Rank24th of 26EU countries ranked

Series high96.62010

Series low28.62023

Domestic credit to the private sector in Latvia, 2010 to 2024

% of GDP. Source: World Bank, Domestic credit to private sector (% of GDP) (FS.AST.PRVT.GD.ZS). Retrieved 2026-10-12, published 2026-10-08.

All 15 values

Period	% of GDP
2024	29.3
2023	28.6
2022	31
2021	32.5
2020	34.7
2019	35.7
2018	37.9
2017	43.7
2016	48.4
2015	50
2014	53.2
2013	60.3
2012	67.2
2011	82.9
2010	96.6

Rankings

Countries by domestic credit to the private sector 185 places
EU countries by domestic credit to the private sector 27 places

Definition

Financial corporations' claims on the private sector, including loans, non-equity securities and trade credit, as a percentage of GDP. Some countries include credit to public enterprises.

Can include central banks, deposit banks and other financial corporations, so it is not a bank-loans-only measure. A published zero is valid. The latest year varies by country.

How to cite

World Bank, World Development Indicators. Domestic credit to private sector (% of GDP) (FS.AST.PRVT.GD.ZS). https://data.worldbank.org/indicator/FS.AST.PRVT.GD.ZS. Retrieved 2026-10-12. Licensed under CC BY 4.0.

Citation styles

The publisher is the author. Invokely is named only as the place the figures were read, where a style asks for it.

APA 7

World Bank. (2026). Domestic credit to private sector (% of GDP) (FS.AST.PRVT.GD.ZS) (Domestic credit to the private sector, Latvia, 2010 to 2024) [Data set]. Retrieved October 12, 2026, from https://data.worldbank.org/indicator/FS.AST.PRVT.GD.ZS

MLA 9

Domestic credit to private sector (% of GDP) (FS.AST.PRVT.GD.ZS), Domestic credit to the private sector, Latvia, 2010 to 2024. World Bank, 8 Oct. 2026, https://data.worldbank.org/indicator/FS.AST.PRVT.GD.ZS. Invokely, https://invokely.ai/en/domestic-credit-private-sector/latvia. Accessed 12 Oct. 2026.

Chicago (author-date)

World Bank. 2026. Domestic credit to private sector (% of GDP) (FS.AST.PRVT.GD.ZS). Domestic credit to the private sector, Latvia, 2010 to 2024. Dataset. Accessed October 12, 2026. https://data.worldbank.org/indicator/FS.AST.PRVT.GD.ZS. Also distributed by Invokely, https://invokely.ai/en/domestic-credit-private-sector/latvia.

Harvard

World Bank (2026) Domestic credit to private sector (% of GDP) (FS.AST.PRVT.GD.ZS), Domestic credit to the private sector, Latvia, 2010 to 2024 [Dataset]. Available at: https://data.worldbank.org/indicator/FS.AST.PRVT.GD.ZS, via Invokely: https://invokely.ai/en/domestic-credit-private-sector/latvia (Accessed: 12 October 2026).

BibTeX

@misc{world_domestic_credit_to_the_2024,
  author = {{World Bank}},
  title = {{Domestic credit to private sector (\% of GDP) (FS.AST.PRVT.GD.ZS): Domestic credit to the private sector, Latvia, 2010 to 2024}},
  year = {2026},
  howpublished = {Data set},
  url = {https://data.worldbank.org/indicator/FS.AST.PRVT.GD.ZS},
  urldate = {2026-10-12},
  note = {Accessed via Invokely, https://invokely.ai/en/domestic-credit-private-sector/latvia. Publisher attribution: World Bank, World Development Indicators. Domestic credit to private sector (\% of GDP) (FS.AST.PRVT.GD.ZS). https://data.worldbank.org/indicator/FS.AST.PRVT.GD.ZS. Retrieved 2026-10-12. Licensed under CC BY 4.0.},
}

RIS

TY  - DATA
AU  - World Bank
TI  - Domestic credit to private sector (% of GDP) (FS.AST.PRVT.GD.ZS): Domestic credit to the private sector, Latvia, 2010 to 2024
PY  - 2026
DA  - 2026/10/08
PB  - World Bank
DB  - Invokely
UR  - https://data.worldbank.org/indicator/FS.AST.PRVT.GD.ZS
L2  - https://invokely.ai/en/domestic-credit-private-sector/latvia
Y2  - 2026/10/12
N1  - Accessed via Invokely, https://invokely.ai/en/domestic-credit-private-sector/latvia.
N1  - Publisher attribution: World Bank, World Development Indicators. Domestic credit to private sector (% of GDP) (FS.AST.PRVT.GD.ZS). https://data.worldbank.org/indicator/FS.AST.PRVT.GD.ZS. Retrieved 2026-10-12. Licensed under CC BY 4.0.
ER  -

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Questions

What is the domestic credit to the private sector in Latvia?

Domestic credit to the private sector in Latvia was 29.3% of GDP in 2024, according to the World Bank. That is up 0.8 pts from 2023. That is the 24th highest of 26 EU countries in 2024.

Where does this figure come from?

World Bank. Domestic credit to private sector (% of GDP) (FS.AST.PRVT.GD.ZS). Retrieved by Invokely on 2026-10-12.

What was the highest domestic credit to the private sector in Latvia?

96.6% of GDP in 2010, the highest value since 2010 in this series.

Domestic credit to the private sector elsewhere in European Union (27)

Related statistics for Latvia

All statistics for Latvia | Latvia in figures