Bank assets as a share of GDP reached 104 % in 2017 in Latvia, according to the National Central Bank. This is 9.91 % less than in the previous year.
Historically, bank assets as a share of GDP in Latvia reached an all time high of 155 % in 2010 and an all time low of 32.4 % in 1995. When compared to Latvia's main peers, bank assets as a share of GDP in Belarus amounted to 59.9 %, 112 % in Estonia, 228 % in Lithuania and 84.1 % in Russia in 2017.
Latvia has been ranked 46th within the group of 113 countries we follow in terms of bank assets as a share of GDP, 2 places behind the position seen 10 years ago.
Banking assets are everything that a bank owns, including loans, securities, and physical assets such as buildings.