Arrears on hire purchase instalments or other loan payments in Latvia
Latvia: Arrears on hire purchase instalments or other loan payments was 1.9% in 2025. ▼ Falling
Latest (2025)
1.9%
Change on year
up 26.7%
World rank
24th
of 47 countries
All-time high
6.2%
in 2005
All-time low
1.4%
in 2007
Years of data
21
2005–2025
Arrears on hire purchase instalments or other loan payments in Latvia, 2005–2025
Source: Eurostat. Measured in Percentage.
Analysis
In 2025, arrears on hire purchase instalments or other loan payments in Latvia stood at 1.9%.
That represents a change of up 26.7% on the previous year and down 17.4% over ten years.
Over the whole period, arrears on hire purchase instalments or other loan payments in Latvia peaked at 6.2% in 2005 and was at its lowest, 1.4%, in 2007.
Latvia ranks 24th of 47 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 21 years of available data.
Arrears on hire purchase instalments or other loan payments in Latvia, year by year
| Year | Percentage | Change |
|---|---|---|
| 2005 | 6.2% | — |
| 2006 | 2.1% | -66.1% |
| 2007 | 1.4% | -33.3% |
| 2008 | 2.4% | +71.4% |
| 2009 | 5.2% | +116.7% |
| 2010 | 4.6% | -11.5% |
| 2011 | 3.9% | -15.2% |
| 2012 | 3.1% | -20.5% |
| 2013 | 3.3% | +6.5% |
| 2014 | 4.1% | +24.2% |
| 2015 | 2.3% | -43.9% |
| 2016 | 2.6% | +13.0% |
| 2017 | 3.4% | +30.8% |
| 2018 | 3.6% | +5.9% |
| 2019 | 2.4% | -33.3% |
| 2020 | 2.3% | -4.2% |
| 2021 | 2.1% | -8.7% |
| 2022 | 1.4% | -33.3% |
| 2023 | 1.8% | +28.6% |
| 2024 | 1.5% | -16.7% |
| 2025 | 1.9% | +26.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 3.5% | 1.4% | 6.2% | 5 |
| 2010s | 3.3% | 2.3% | 4.6% | 10 |
| 2020s | 1.8% | 1.4% | 2.3% | 6 |
Countries ranked near Latvia
- 21 Ireland 2.3% compare
- 22 France 2.1% compare
- 23 European Union (EU6-1958, EU9-1973, EU10-1981, EU12-1986, EU15-1995, EU25-2004, EU27-2007, EU28-2013, EU27-2020) 2.0% compare
- 24 Latvia 1.9% compare
- 24 Serbia 1.9% compare
- 27 Bulgaria 1.8% compare
- 27 Poland 1.8% compare
- 27 United Kingdom of Great Britain and Northern Ireland 1.8% compare
- 27 Poland 1.8% compare
- 27 United Kingdom 1.8% compare
More reference data data for Latvia
- Exposure to extreme precipitation — Annual precipitation change 65.46 Millimetres per year (2023)
- Exposure to extreme temperature — Annual temperature change 1.43 Degrees celsius (2023)
- Cooling and heating degree days by NUTS 2 regions - monthly data 505.67 Number (2025)
- Cooling and heating degree days by NUTS 2 regions - annual data 3,617 Number (2025)
- IPAC Dashboard indicators — Geothermal 0 Index (2025)
- Africa's Development Dynamics (AfDD) Table 08 - Sectoral breakdown of 19.46 Percentage of GDP (2022)
- Africa's Development Dynamics (AfDD) Table 08 - Sectoral breakdown of 4.99 Percentage of GDP (2022)
- Africa's Development Dynamics (AfDD) Table 08 - Sectoral breakdown of 41.31 Percentage of GDP (2022)
- Africa's Development Dynamics (AfDD) Table 08 - Sectoral breakdown of 13.15 Percentage of GDP (2022)
- Africa's Development Dynamics (AfDD) Table 08 - Sectoral breakdown of 14.71 Percentage of GDP (2022)
Frequently asked questions
- What is arrears on hire purchase instalments or other loan payments in Latvia?
- Arrears on hire purchase instalments or other loan payments in Latvia was 1.9% in 2025, according to Eurostat.
- What is the highest arrears on hire purchase instalments or other loan payments recorded in Latvia?
- The highest recorded value was 6.2% in 2005.
- What is the lowest arrears on hire purchase instalments or other loan payments recorded in Latvia?
- The lowest recorded value was 1.4% in 2007.
- How does Latvia rank for arrears on hire purchase instalments or other loan payments?
- Latvia ranks 24th out of 47 countries with data for 2025.
- Is arrears on hire purchase instalments or other loan payments rising or falling in Latvia?
- Over the last ten years it is down 17.4%. The long-run trend across the full record is falling.
- Where does this Latvia data come from?
- The figures come from Eurostat, published as part of Arrears on hire purchase instalments or other loan payments. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 21 observations, free to reuse under CC BY 4.0 (Eurostat).