Total Credit — Value Standard Local Currency in Latvia
Latvia: Total Credit — Value Standard Local Currency was 12,117 million SLC in 2024. ▼ Falling
Total Credit — Value Standard Local Currency in Latvia, 2010–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
In 2024, total credit — value standard local currency in Latvia stood at 12,117 million SLC.
Compared with earlier readings it is up 8.0% on the previous year and down 0.1% over ten years.
Over the whole period, total credit — value standard local currency in Latvia peaked at 17,125 million SLC in 2010 and was at its lowest, 10,150 million SLC, in 2020.
That places Latvia 139th out of 165 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 15 years of available data.
Total Credit — Value Standard Local Currency in Latvia, year by year
| Year | million SLC | Change |
|---|---|---|
| 2010 | 17,125 million SLC | — |
| 2011 | 15,846 million SLC | -7.5% |
| 2012 | 14,183 million SLC | -10.5% |
| 2013 | 13,247 million SLC | -6.6% |
| 2014 | 12,129 million SLC | -8.4% |
| 2015 | 11,870 million SLC | -2.1% |
| 2016 | 11,849 million SLC | -0.2% |
| 2017 | 11,366 million SLC | -4.1% |
| 2018 | 10,672 million SLC | -6.1% |
| 2019 | 10,561 million SLC | -1.0% |
| 2020 | 10,150 million SLC | -3.9% |
| 2021 | 10,478 million SLC | +3.2% |
| 2022 | 11,188 million SLC | +6.8% |
| 2023 | 11,215 million SLC | +0.2% |
| 2024 | 12,117 million SLC | +8.0% |
Latvia compared with similar countries
- Latvia's 12,117 million SLC is below the median for high income countries, which is 263,838 million SLC, 5% of the median. (52 countries reporting)
- Latvia's 12,117 million SLC is below the median for Europe & Central Asia, which is 367,788 million SLC, 3% of the median. (42 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 12,885 million SLC | 10,561 million SLC | 17,125 million SLC | 10 |
| 2020s | 11,030 million SLC | 10,150 million SLC | 12,117 million SLC | 5 |
Countries ranked near Latvia
More agriculture & rural data for Latvia
- Agriculture, forestry, and fishing, value added (current US$), annual 12.21 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (current US$), per 0.0401 current US$ per US$ of GDP (2025)
- Agriculture, forestry, and fishing, value added (current US$), per 1,055 current US$ per person (2025)
- Rural population, annual growth rate -1.45 % change on previous year (2025)
- Rural population, per unit of GDP 0 units per US$ of GDP (2025)
- Rural population, per capita 0.3137 units per person (2025)
- Share of GDP from agriculture 4.0% (2025)
- Agriculture as a share of GDP vs. GDP per capita 4.0% (2025)
- Agricultural raw materials exports 9.8% (2025)
- Agricultural raw materials imports 2.1% (2025)
Frequently asked questions
- What is total credit — value standard local currency in Latvia?
- Total credit — value standard local currency in Latvia was 12,117 million SLC in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest total credit — value standard local currency recorded in Latvia?
- The highest recorded value was 17,125 million SLC in 2010.
- What is the lowest total credit — value standard local currency recorded in Latvia?
- The lowest recorded value was 10,150 million SLC in 2020.
- How does Latvia rank for total credit — value standard local currency?
- Latvia ranks 139th out of 165 countries with data for 2024.
- Is total credit — value standard local currency rising or falling in Latvia?
- Over the last ten years it is down 0.1%. The long-run trend across the full record is falling.
- Where does this Latvia data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Total Credit — Value Standard Local Currency. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 15 observations, free to reuse under CC BY-NC-SA 3.0 IGO (FAO).
About this data
Credit to agriculture measures the amount of loans and advances given by the banking sector to farmers, rural households, agricultural cooperatives, or any other agri-related businesses. Each country’s central bank compiles its credit stocks by economic activities as part of its monetary and financial statistics publications via annual or quarterly reports online. Data collection has been carried out mostly through reports found on the central bank websites. Data are collected and compiled according to the International Standard Industrial Classification of All Economic Activities (ISIC Rev. 4: https://unstats.un.org/unsd/classifications/Econ/isic) with a special concentration on the credit to agriculture, forestry and fishing sector separately from the ones to manufacturing and services.