The total value of credit card payments in Latvia fluctuated between 2007 and 2023, and has started to increase again since 2022. 2019 saw the lowest credit card payment with approximately 138 million euros, a significant decrease when compared to the previous year, which reached over 1.12 billion euros. Despite this significant decrease, it amounted to 1.96 billion euros in 2023, the highest value during this period. Credit cards used to be more common in Latvia: in 2016, there were 0.23 credit cards per capita. In 2021, however, this number had dropped to 0.14 cards per person. Originally denominated in euros, the data was converted to U.S. dollars by Statista to allow for cross-country comparisons worldwide.
Value of credit card transactions for payments in Latvia from 2000 to 2023
(in million euros, and estimates in U.S. dollars)
2022 figures and beyond - release date November 2023 and later - made significant strides in reporting quality - causing a sometimes significant break in methodology in individual countries. Statista sometimes still had to calculate figures, however, as card figures were split between non-remote and remote use cases.
2021 figures and before - with a release date of July 2022, or earlier - are all Statista estimates. Statista used the following indicators - which did not return after the figures covering 2022 - for Austria:
1. Credit cards
Number of cards with a credit function.
2. Debit cards
Number of cards with a debit function.
The following additional sources have been used to provide further context to these figures:
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Statista. (July 25, 2024). Value of credit card transactions for payments in Latvia from 2000 to 2023 (in million euros, and estimates in U.S. dollars) [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/918452/value-of-payments-with-cards-with-a-credit-function-latvia/
Statista. "Value of credit card transactions for payments in Latvia from 2000 to 2023 (in million euros, and estimates in U.S. dollars)." Chart. July 25, 2024. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/918452/value-of-payments-with-cards-with-a-credit-function-latvia/
Statista. (2024). Value of credit card transactions for payments in Latvia from 2000 to 2023 (in million euros, and estimates in U.S. dollars). Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/918452/value-of-payments-with-cards-with-a-credit-function-latvia/
Statista. "Value of Credit Card Transactions for Payments in Latvia from 2000 to 2023 (in Million Euros, and Estimates in U.S. Dollars)." Statista, Statista Inc., 25 Jul 2024, https://www.statista.com/statistics/918452/value-of-payments-with-cards-with-a-credit-function-latvia/
Statista, Value of credit card transactions for payments in Latvia from 2000 to 2023 (in million euros, and estimates in U.S. dollars) Statista, https://www.statista.com/statistics/918452/value-of-payments-with-cards-with-a-credit-function-latvia/ (last visited November 21, 2024)
Value of credit card transactions for payments in Latvia from 2000 to 2023 (in million euros, and estimates in U.S. dollars) [Graph], Statista, July 25, 2024. [Online]. Available: https://www.statista.com/statistics/918452/value-of-payments-with-cards-with-a-credit-function-latvia/
