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Commission Report (2002): Latvia

Financial indicators

Financial indicators in % of Gross Domestic Product
1997 1998 1999 2000 2001
Gross foreign debt of the whole economy1 10.5 36.2 47.6 45.7 :
as % of exports
Gross foreign debt of the whole economy2 20.6 70.6 111.8 100.0 :
Monetary aggregates 1000 Mio ECU/EUR
- M1 0.8 0.9 1.0 1.3 1.5
- M2 0.9 1.0 1.2 1.5 1.9
- M3 1.3 1.4 1.7 2.2 2.8
Total credit 0.9 1.1 1.5 2.0 2.9
Average short-term interest rates % per annum
- Day-to-day money rate 3.7 4.4 4.7 3.0 5.2
- Lending rate 14.8 12.9 13.1 10.2 10.2
- Deposit rate 5.9 5.3 5.1 4.4 5.2
ECU/EUR exchange rates (1ECU/EUR=New Lev)
- Average of period 0.659 0.660 0.626 0.559 0.560
- End of period 0.651 0.665 0.588 0.576 0.556
1994=100
- Effective exchange rate index 180.0 203.8 287.7 316.3 316.6
Reserve assets Mio ECU/EUR
-Reserve assets (including gold) 703 687 907 987 1,381
-Reserve assets (excluding gold) 638 624 836 915 1,304
1 Series break after 1997.
2 Series break after 1997.

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