Latvia—Firms Using Banks to Finance Investment (%)
Category: FinanceSource: World Bank World Development Indicators ↗Global Rank: #81 of 117Updated April 2026
Latest Value
18.1%
2024
YoY Change
-11.1%
2019 → 2024
Global Rank
#81
of 117 countries
Maximum
37.3%
2009
Minimum
10.1%
2013
CAGR
-2.3%
6 years
Last
18.1%
Previous
20.4%
Highest
37.3%
Lowest
10.1%
Source
World Bank World Development Indicators
Latvia's firms using banks to finance investment (%) was 18.1% in 2024, ranking #81 out of 117 countries. This represents a -11.1% change from 2019. Over the past 6 years, the highest recorded value was 37.3% (2009) and the lowest was 10.1% (2013). Data sourced from the World Bank World Development Indicators.
Source: World Bank World Development Indicators
Historical Data
| Year | Value | Change |
|---|---|---|
| 2024 | 18.1% | -11.1% |
| 2019 | 20.4% | +101.9% |
| 2013 | 10.1% | -72.9% |
| 2009 | 37.3% | +34.1% |
| 2005 | 27.8% | -7.3% |
| 2002 | 30.0% |
Top Countries — Firms Using Banks to Finance Investment (%)
About This Indicator
Definition
Percentage of firms using banks to finance purchases of fixed assets.
Methodology
Data compiled by Enterprise Surveys, World Bank (WB), uri: https://www.enterprisesurveys.org/en/data.