Flag of Latvia Latvia

Wireless payment

Digitalization

Internet usage (of pop.)
92.2%
Did online shopping (age 15+)
57.7%
Paid bills via internet (age 15+)
77.3%
Accessed a bank account online (age 15+)
79.1%
Paid utility bills using a mobile phone (age 15+)
33.3%
Made or received digital payments (age 15+)
95.3%

Data overview for Latvia

Wireless payment

Digitalization

Internet usage (of pop.)
92.2%
Did online shopping (age 15+)
57.7%
Paid bills via internet (age 15+)
77.3%
Accessed a bank account online (age 15+)
79.1%
Paid utility bills using a mobile phone (age 15+)
33.3%
Made or received digital payments (age 15+)
95.3%
Business chart

Macro data

Population 2022
1.9M
GDP Total 2022
€40.1B
GDP per capita 2022 (PPP)
€35,500
GDP forecast 2021
2%
Trade Flows (% of GDP)
109.2%
Cash increase

Banking data

Total bank assets 2022
€26.8B
Total bank assets 2022/GDP
67%
Account ownership (age 15+)
96.6%
Debit card ownership (age 15+)
88.5%
Coin in hand

Economic data

Unemployment
7.1%
Currency
EUR
Remittances (% of GDP)
3.3%
Private Consumption (yoy)
8.3%

Data provided by Raiffeisen Research, Sources

Latvia compared to other CEE countries

Flag of LatviaLatvia

Internet usage (of pop.)
92.2%
Did online shopping (age 15+)
57.7%
Paid bills via internet (age 15+)
77.3%
Accessed a bank account online (age 15+)
79.1%

Flag of EstoniaEstonia

Internet usage (of pop.)
92.3%
Did online shopping (age 15+)
68.5%
Paid bills via internet (age 15+)
85.3%
Accessed a bank account online (age 15+)
91.1%

Flag of RussiaRussia

Internet usage (of pop.)
85%
Did online shopping (age 15+)
46.1%
Paid bills via internet (age 15+)
58.6%
Accessed a bank account online (age 15+)
67.5%

Flag of BelarusBelarus

Internet usage (of pop.)
86.9%
Did online shopping (age 15+)
39 – 50%
Paid bills via internet (age 15+)
52 – 62%
Accessed a bank account online (age 15+)
41 – 50%

Data provided by Raiffeisen Research, Sources

See all CEE countries