Financial burden of the repayment of debts from hire purchases or in Latvia
Latvia: Financial burden of the repayment of debts from hire purchases or was 11.6% in 2025. ▼ Falling
Financial burden of the repayment of debts from hire purchases or in Latvia, 2005–2025
Source: Eurostat. Measured in Percentage.
Analysis
Latvia recorded 11.6% for financial burden of the repayment of debts from hire purchases or in 2025.
Compared with earlier readings it is down 8.7% on the previous year and down 39.6% over ten years.
Over the whole period, financial burden of the repayment of debts from hire purchases or in Latvia peaked at 38.4% in 2011 and was at its lowest, 10.1%, in 2022.
That places Latvia 40th out of 47 countries with data for 2025, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 21 years of available data.
Financial burden of the repayment of debts from hire purchases or in Latvia, year by year
| Year | Percentage | Change |
|---|---|---|
| 2005 | 20.6% | — |
| 2006 | 16.8% | -18.4% |
| 2007 | 12.9% | -23.2% |
| 2008 | 17.6% | +36.4% |
| 2009 | 28.3% | +60.8% |
| 2010 | 36.0% | +27.2% |
| 2011 | 38.4% | +6.7% |
| 2012 | 30.5% | -20.6% |
| 2013 | 32.6% | +6.9% |
| 2014 | 28.7% | -12.0% |
| 2015 | 19.2% | -33.1% |
| 2016 | 19.5% | +1.6% |
| 2017 | 21.4% | +9.7% |
| 2018 | 17.7% | -17.3% |
| 2019 | 14.0% | -20.9% |
| 2020 | 12.8% | -8.6% |
| 2021 | 10.3% | -19.5% |
| 2022 | 10.1% | -1.9% |
| 2023 | 10.3% | +2.0% |
| 2024 | 12.7% | +23.3% |
| 2025 | 11.6% | -8.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 19.2% | 12.9% | 28.3% | 5 |
| 2010s | 25.8% | 14.0% | 38.4% | 10 |
| 2020s | 11.3% | 10.1% | 12.8% | 6 |
Countries ranked near Latvia
More reference data data for Latvia
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- 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)
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- 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 financial burden of the repayment of debts from hire purchases or in Latvia?
- Financial burden of the repayment of debts from hire purchases or in Latvia was 11.6% in 2025, according to Eurostat.
- What is the highest financial burden of the repayment of debts from hire purchases or recorded in Latvia?
- The highest recorded value was 38.4% in 2011.
- What is the lowest financial burden of the repayment of debts from hire purchases or recorded in Latvia?
- The lowest recorded value was 10.1% in 2022.
- How does Latvia rank for financial burden of the repayment of debts from hire purchases or?
- Latvia ranks 40th out of 47 countries with data for 2025.
- Is financial burden of the repayment of debts from hire purchases or rising or falling in Latvia?
- Over the last ten years it is down 39.6%. 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 Financial burden of the repayment of debts from hire purchases or loans. Statizoid updates them automatically from the source API.
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