Latvia | Aurato

Latvia
`mkt_lv`

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Latvia's euro-denominated payments market connects local banking to SEPA transfers, direct debits and European settlement infrastructure. Cards and mobile banking provide consumer-facing access in a Baltic economy. GDP per capita was about US$26,300 in 2025 for 1.85 million residents.

Population

1.8M

GDP

$49B

GDP per Capita

$26K

GDP Growth

2.1%

Deepdive

World Bank, World Development Indicators (WDI), 2025

Cash in Latvia

Latvia's cash share was 21% of self-reported weekly payments in February 2026, down from 26% in August 2025. Digital payments dominate, but notes remain part of retail spending alongside alternatives for making digital payments.

ATMs (PER 100K)

55.8

BANKS (PER 100K)

5.0

DEBIT CARDS (PER ADULT)

1.0

CREDIT CARDS (PER ADULT)

0.4

Compare

IMF, Financial Access Survey (FAS), 2025