Financial soundness indicators in Latvia

Latvia: Financial soundness indicators was 2.8% in 2023. ◆ Volatile

Latest (2023)
2.8%
Change on year
up 125.6%
World rank
40th
of 146 countries
All-time high
2.8%
in 2023
All-time low
-0.8%
in 2011
Years of data
13
2011–2023

Financial soundness indicators in Latvia, 2011–2023

-101232011201720232011: -0.76 %2012: 0.9 %2013: 0.96 %2014: 1.1 %2015: 1.4 %2016: 1.6 %2017: 0.97 %2018: 1.1 %2019: 0.55 %2020: 0.77 %2021: 1.3 %2022: 1.2 %2023: 2.8 %

Source: International Monetary Fund – processed by Our World in Data. Measured in %.

Analysis

In 2023, financial soundness indicators in Latvia stood at 2.8%. That is the highest value across all 13 years on record.

The figure is up 125.6% on the previous year and up 193.8% over ten years.

Over the whole period, financial soundness indicators in Latvia peaked at 2.8% in 2023 and was at its lowest, -0.8%, in 2011.

That places Latvia 40th out of 146 countries with data for 2023, putting it in the middle of the range.

The series is highly variable year to year, so single readings are best treated with caution.

Averages by decade

DecadeAverage LowestHighest Years
2010s 0.9% -0.8% 1.6% 9
2020s 1.5% 0.8% 2.8% 4

Countries ranked near Latvia

  1. 37 Ethiopia 2.9% compare
  2. 38 Namibia 2.9% compare
  3. 39 Estonia 2.8% compare
  4. 41 Russia 2.8% compare
  5. 42 Mexico 2.8% compare
  6. 43 Samoa 2.8% compare

See the full ranking of 146 places →

More reference data data for Latvia

All data for Latvia →

Frequently asked questions

What is financial soundness indicators in Latvia?
Financial soundness indicators in Latvia was 2.8% in 2023, according to International Monetary Fund – processed by Our World in Data.
What is the highest financial soundness indicators recorded in Latvia?
The highest recorded value was 2.8% in 2023.
What is the lowest financial soundness indicators recorded in Latvia?
The lowest recorded value was -0.8% in 2011.
How does Latvia rank for financial soundness indicators?
Latvia ranks 40th out of 146 countries with data for 2023.
Is financial soundness indicators rising or falling in Latvia?
Over the last ten years it is up 193.8%. The long-run trend across the full record is volatile.
Where does this Latvia data come from?
The figures come from International Monetary Fund – processed by Our World in Data, published as part of Financial soundness indicators. Statizoid updates them automatically from the source API.

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CSV · JSON — 13 observations, free to reuse under CC BY 4.0 (Our World in Data).

About this data

Indicator
Financial soundness indicators
Unit
%
Source
International Monetary Fund – processed by Our World in Data
Licence
CC BY 4.0 (Our World in Data)
Coverage
146 places, 2,107 data points, 2001–2024
Last refreshed

Return on assets (%)