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. β–Ό Falling

Latest (2025)
1.9
Change on year
up 26.7%
World rank
21st
of 37 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

1234562005201520252005: 6.22006: 2.12007: 1.42008: 2.42009: 5.22010: 4.62011: 3.92012: 3.12013: 3.32014: 4.12015: 2.32016: 2.62017: 3.42018: 3.62019: 2.42020: 2.32021: 2.12022: 1.42023: 1.82024: 1.52025: 1.9

Source: Eurostat.

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.

That places Latvia 21st out of 37 countries with data for 2025, putting it in the middle of the range.

The long-run direction has been consistently falling across the 21 years of available data.

Averages by decade

DecadeAverage LowestHighest Years
2000s 3.46 1.4 6.2 5
2010s 3.33 2.3 4.6 10
2020s 1.83 1.4 2.3 6

Countries ranked near Latvia

  1. 18 Ireland 2.3 compare
  2. 19 France 2.1 compare
  3. 20 European Union (EU6-1958, EU9-1973, EU10-1981, EU12-1986, EU15-1995, EU25-2004, EU27-2007, EU28-2013, EU27-2020) 2 compare
  4. 21 Serbia 1.9 compare
  5. 23 Bulgaria 1.8 compare
  6. 23 Poland 1.8 compare
  7. 23 United Kingdom of Great Britain and Northern Ireland 1.8 compare

See the full ranking of 44 places β†’

More reference data data for Latvia

All data for Latvia β†’

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 21st out of 37 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.

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Arrears on hire purchase instalments or other loan payments in Latvia. Statizoid, drawing on Eurostat. Retrieved 19 August 2026, from https://reference.statizoid.com/stat/arrears-on-hire-purchase-instalments-or-other-loan-payments/latvia/

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About this data

Indicator
Arrears on hire purchase instalments or other loan payments
Source
Eurostat
Licence
CC BY 4.0 (Eurostat)
Coverage
44 places, 817 data points, 2003–2025
Last refreshed