Financial soundness indicators in Latvia
Latvia: Financial soundness indicators was 2.4% in 2024. ◆ Volatile
Financial soundness indicators in Latvia, 2011–2024
Source: International Monetary Fund – processed by Our World in Data. Measured in %.
Analysis
In 2024, financial soundness indicators in Latvia stood at 2.4%.
The figure is down 13.8% on the previous year and up 113.2% 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 57th out of 150 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Financial soundness indicators in Latvia, year by year
| Year | % | Change |
|---|---|---|
| 2011 | -0.8% | — |
| 2012 | 0.9% | -218.4% |
| 2013 | 1.0% | +6.7% |
| 2014 | 1.1% | +18.7% |
| 2015 | 1.4% | +25.4% |
| 2016 | 1.6% | +14.7% |
| 2017 | 1.0% | -40.9% |
| 2018 | 1.1% | +18.6% |
| 2019 | 0.6% | -52.2% |
| 2020 | 0.8% | +40.0% |
| 2021 | 1.3% | +66.2% |
| 2022 | 1.2% | -2.3% |
| 2023 | 2.8% | +125.6% |
| 2024 | 2.4% | -13.8% |
Latvia compared with similar countries
- Latvia's 2.4% is above the median for high income countries, which is 1.4%, 1.7× the median. (57 countries reporting)
- Latvia's 2.4% is above the median for Europe & Central Asia, which is 1.8%, 1.4× the median. (47 countries reporting)
Biggest year-on-year movements
Years where Financial soundness indicators in Latvia changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2012 | +218.4% | -0.8% | 0.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 0.9% | -0.8% | 1.6% | 9 |
| 2020s | 1.7% | 0.8% | 2.8% | 5 |
Countries ranked near Latvia
More reference data data for Latvia
- Emission Totals - Indirect emissions (N2O) - Manure applied to Soils 0.128 (2050)
- Emission Totals - Indirect emissions (N2O) - Manure left on Pasture 0.0503 (2050)
- Emission Totals - Indirect emissions (N2O) - IPCC Agriculture 0.4657 (2050)
- Emission Totals - Indirect emissions (N2O) - Crop Residues 0.0673 (2050)
- Emission Totals - Indirect emissions (N2O) - Agricultural Soils 0.4657 (2050)
- Emission Totals - Emissions (N2O) - Manure applied to Soils 0.4291 (2050)
- Emission Totals - Emissions (N2O) - Manure Management 0.2986 (2050)
- Emission Totals - Emissions (N2O) - Manure left on Pasture 0.2679 (2050)
- Emission Totals - Emissions (N2O) - IPCC Agriculture 2.27 (2050)
- Emission Totals - Emissions (N2O) - Crop Residues 0.3666 (2050)
Frequently asked questions
- What is financial soundness indicators in Latvia?
- Financial soundness indicators in Latvia was 2.4% in 2024, 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 57th out of 150 countries with data for 2024.
- Is financial soundness indicators rising or falling in Latvia?
- Over the last ten years it is up 113.2%. 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 — 14 observations, free to reuse under CC BY 4.0 (Our World in Data).
About this data
Return on assets (%).