Credit cards in Latvia 2017-2018

As of 2018, Latvia has a population of 1.9 millions with a GDP(gross domestic product) of €29.1 billions. This translates into €15.1 thousands of GDP per capita. Latvia contributes 0.2% of the EU total GDP.

As at 31st December 2018, there are 2,243,000 payment cards issued in Latvia(1.18 cards per capita), a decrease of 63,600 or 2.76% compares to 2,306,600 in 2017. There are 301,800 credit cards in Latvia as at 31st December 2018, a decrease of 61,600 or 16.95% compares to 363,400 in 2017. Debit cards decrease by 700 or 0.04% to 1,975,700 in 2018, compares to 1,976,400 in 2017. The rest of the payment cards is made up of 19,600 cards with a delayed debit function, a decrease of 16.24% or 3,800 compares to 23,400 in 2017.

Total Card Payments in Volume and Value
For 2018, there are 311.0 millions of card payment transactions in Latvia(163.68 transactions per capita), an increase of 39.1 millions or 14.38% compares to 271.9 millions in 2017. Out of these transactions, 28.9 millions or 9.29% is paid by credit cards, an increase of 1.40% or 0.4 millions compares to 28.5 millions in 2017; despite the 16.95% decrease in the number of credit cards in 2018. 278.1 millions are paid by debit cards, a significant increase of 38.8 millions or 16.21% compares to 239.3 millions in 2017, despite the 0.04% decrease in the number of debit cards in 2018. Cards with a delayed debit function accounted for 4.0 millions transaction. Latvia total card payment transactions volume contributes 0.4% to the EU total number of transactions.

The total card payments for 2018 is €5.4 billions in value(€2.84 thousands per capita), an increase of €0.4 billions or 8.00% compares to €5.0 billions in 2017. This also translates into €17.4 per card payment transaction, a decrease compares to €18.4 in 2017. Out of these transactions, €0.9 billions or 16.67% is paid by credit cards, a decrease of €0.1 billions or 10.00% compares to €1.0 billions in 2017. Meanwhile, €4.2 billions in value is paid by debit cards, an increase of €0.5 billions or 13.51% compares to €3.7 billions in 2017. Cards with a delayed debit function accounted for €0.2 billions of total transactions value. Latvia total card payment value contributes 0.2% to the EU total transactions value.

Credit cards in Latvia 2016-2017

As of 2017, Latvia has a population of 1.9 millions with a GDP(gross domestic product) of €27.0 billions. This translates into €13.9 thousands of GDP per capita. Latvia contributes 0.2% of the EU total GDP.

As at 31st December 2017, there are 2,306,600 payment cards issued in Latvia(1.21 cards per capita), a decrease of 57,800 or 2.44% compares to 2,364,400 in 2016. There are 363,400 credit cards in Latvia as at 31st December 2017, a decrease of 23,800 or 6.15% compares to 387,200 in 2016. Debit cards increase by 392,800 or 24.80% to 1,976,400 in 2017, compares to 1,583,600 in 2016. The rest of the payment cards is made up of 23,400 cards with a delayed debit function, a decrease of 94.41% or 395,300 compares to 418,700 in 2016.

Total Card Payments in Volume and Value
For 2017, there are 271.9 millions of card payment transactions in Latvia(143.11 transactions per capita), an increase of 29.1 millions or 11.99% compares to 242.8 millions in 2016. Out of these transactions, 28.5 millions or 10.48% is paid by credit cards, an increase of 25.55% or 5.8 millions compares to 22.7 millions in 2016; despite the 2.44% decrease in the number of credit cards in 2017. 239.3 millions are paid by debit cards, a significant increase of 39.9 millions or 20.01% compares to 199.4 millions in 2016, in accordance to the increase in the number of debit cards in 2017. Cards with a delayed debit function accounted for 4.1 millions transaction. Latvia total card payment transactions volume contributes 0.4% to the EU total number of transactions.

The total card payments for 2017 is €5.0 billions in value(€2.63 thousands per capita), an increase of €0.4 billions or 8.70% compares to €4.6 billions in 2016. This also translates into €18.4 per card payment transaction, a small decrease compares to €18.9 in 2016. Out of these transactions, €1.0 billions or 20.00% is paid by credit cards, an increase of €0.2 billions or 25.00% compares to €0.8 billions in 2016. Meanwhile, €3.7 billions in value is paid by debit cards, an increase of €0.6 billions or 19.35% compares to €3.1 billions in 2016. Cards with a delayed debit function accounted for €0.4 billions of total transactions value. Latvia total card payment value contributes 0.2% to the EU total transactions value.

Credit cards in Latvia 2015-2016

As of 2016, Latvia has a population of 2.0 millions with a GDP(gross domestic product) of €24.9 billions. This translates into €12.7 thousands of GDP per capita. Latvia contributes 0.2% of the EU total GDP.

As at 31st December 2016, there are 2,364,400 payment cards issued in Latvia(1.18 cards per capita), a decrease of 8,700 or 0.37% compares to 2,373,100 in 2015. There are 387,200 credit cards in Latvia as at 31st December 2016, an increase of 25,000 or 6.90% compares to 362,200 in 2015. Debit cards decrease by 131,000 or 7.64% to 1,583,600 in 2016, compares to 1,714,600 in 2015. The rest of the payment cards is made up of 418,700 cards with a delayed debit function, an increase of 30.31% or 97,400 compares to 321,300 in 2015.

Total Card Payments in Volume and Value
For 2016, there are 242.8 millions of card payment transactions in Latvia(121.4 transactions per capita), an increase of 27.6 millions or 12.83% compares to 215.2 millions in 2015. Out of these transactions, 22.7 millions or 9.35% is paid by credit cards, an increase of 29.71% or 5.2 millions compares to 17.5 millions in 2015; in accordance with the increase in the number of credit cards in 2016. 199.4 millions are paid by debit cards, a significant increase of 28.4 millions or 16.61% compares to 171.0 millions in 2015, even though there is a decrease of 7.64% in the number of debit cards in 2016. Cards with a delayed debit function accounted for 20.6 millions transaction. Latvia total card payment transactions volume contributes 0.4% to the EU total number of transactions.

The total card payments for 2016 is €4.6 billions in value(€2.3 thousands per capita), an increase of €0.4 billions or 9.52% compares to €4.2 billions in 2015. This also translates into €18.9 per card payment transaction, a decrease compares to €19.5 in 2015. Out of these transactions, €0.8 billions or 17.39% is paid by credit cards, an increase of €0.1 billions or 14.29% compares to €0.7 billions in 2015. Meanwhile, €3.1 billions in value is paid by debit cards, an increase of €0.4 billions or 14.81% compares to €2.7 billions in 2015. Cards with a delayed debit function accounted for €0.7 billions of total transactions value. Latvia total card payment value contributes 0.2% to the EU total transactions value.

Credit cards in Latvia 2014-2015

As of 2015, Latvia has a population of 1.98 millions with a GDP(gross domestic product) of €24.38 billions. This translates into €12.33 thousands of GDP per capita. Latvia contributes 0.17% of the EU total GDP.

As at 31st December 2015, there are 2,373,100 payment cards issued in Latvia(1.20 cards per capita), an increase of 46,640 or 2.00% compares to 2,326,460 in 2014. There are 362,150 credit cards in Latvia as at 31st December 2015, an increase of 18,460 or 5.37% compares to 343,690 in 2014. Debit cards decrease by 61,870 or 3.48% to 1,714,600 in 2015, compares to 1,776,470 in 2014. The rest of the payment cards is made up of 321,250 cards with a delayed debit function, an increase of 35.57% or 84,290 compares to 236,960 in 2014.

Total Card Payments in Volume and Value
For 2015, there are 215.25 millions of card payment transactions in Latvia(108.71 transactions per capita), an increase of 24.25 millions or 12.70% compares to 191.00 millions in 2014. Out of these transactions, 17.47 millions or 8.12% is paid by credit cards, an increase of 10.92% or 1.72 millions compares to 15.75 millions in 2014; in accordance with the increase in the number of credit cards in 2015. 170.97 millions are paid by debit cards, a significant increase of 14.01 millions or 8.93% compares to 156.96 millions in 2014, even though there is a decrease of 3.48% in the number of debit cards in 2015. Cards with a delayed debit function accounted for 26.81 millions transaction. Latvia total card payment transactions volume contributes 0.41% to the EU total number of transactions.

The total card payments for 2015 is €4.25 billions in value(€2.15 thousands per capita), an increase of €0.43 billions or 11.26% compares to €3.82 billions in 2014. This also translates into €19.7 per card payment transaction, a decrease compares to €20.0 in 2014. Out of these transactions, €0.72 billions or 16.94% is paid by credit cards, an increase of €0.12 billions or 20.00% compares to €0.60 billions in 2014. Meanwhile, €2.70 billions in value is paid by debit cards, an increase of €0.18 billions or 7.14% compares to €2.52 billions in 2014. Cards with a delayed debit function accounted for €0.83 billions of total transactions value. Latvia total card payment value contributes 0.16% to the EU total transactions value.

Credit cards in Latvia 2013-2014

As of 2014, Latvia has a population of 1.99 millions with a GDP(gross domestic product) of €23.58 billions. This translates into €11.82 thousands of GDP per capita. Latvia contributes 0.17% of the EU total GDP.

As at 31st December 2014, there are 2,326,460 payment cards issued in Latvia(1.17 cards per capita), a decrease of 51,710 or 2.17% compares to 2,378,170 in 2013. There are 343,690 credit cards in Latvia as at 31st December 2014, an increase of 2,860 or 0.84% compares to 340,830 in 2013. Debit cards decrease by 72,480 or 3.92% to 1,776,470 in 2014, compares to 1,848,950 in 2013. The rest of the payment cards is made up of 236,960 cards with a delayed debit function, an increase of 12.07% or 25,520 compares to 211,440 in 2013.

Total Card Payments in Volume and Value
For 2014, there are 191.00 millions of card payment transactions in Latvia(95.98 transactions per capita), an increase of 39.37 millions or 25.96% compares to 151.63 millions in 2013. Out of these transactions, 15.75 millions or 8.25% is paid by credit cards, an increase of 44.50% or 4.85 millions compares to 10.90 millions in 2013; a significant increase considering the 0.84% increase in the number of credit cards in 2014. 156.96 millions are paid by debit cards, a significant increase of 30.14 millions or 23.77% compares to 126.82 millions in 2013, even though there is a decrease of 3.92% in the number of debit cards in 2014. Cards with a delayed debit function accounted for 18.30 millions transaction. Latvia total card payment transactions volume contributes 0.40% to the EU total number of transactions.

The total card payments for 2014 is €3.82 billions in value(€1.92 thousands per capita), an increase of €0.60 billions or 18.63% compares to €3.22 billions in 2013. This also translates into €20.0 per card payment transaction, a decrease compares to €21.2 in 2013. Out of these transactions, €0.60 billions or 15.71% is paid by credit cards, an increase of €0.15 billions or 33.33% compares to €0.45 billions in 2013. Meanwhile, €2.52 billions in value is paid by debit cards, an increase of €0.34 billions or 15.60% compares to €2.18 billions in 2013. Cards with a delayed debit function accounted for €0.70 billions of total transactions value. Latvia total card payment value contributes 0.16% to the EU total transactions value.

Credit cards in Latvia 2012-2013

As of 2013, Latvia has a population of 2.01 millions with a GDP(gross domestic product) of €22.81 billions. This translates into €11.33 thousands of GDP per capita. Latvia contributes 0.17% of the EU total GDP.

As at 31st December 2013, there are 2,378,170 payment cards issued in Latvia(1.18 cards per capita), a decrease of 2,690 or 0.11% compares to 2,380,860 in 2012. There are 340,830 credit cards in Latvia as at 31st December 2013, an increase of 9,370 or 2.83% compares to 331,460 in 2012. Debit cards decrease by 24,620 or 1.31% to 1,848,950 in 2013, compares to 1,873,570 in 2012. The rest of the payment cards is made up of 211,440 cards with a delayed debit function, an increase of 9.47% or 18,290 compares to 193,150 in 2012.

Total Card Payments in Volume and Value
For 2013, there are 151.63 millions of card payment transactions in Latvia(75.44 transactions per capita), an increase of 23.67 millions or 18.50% compares to 127.96 millions in 2012. Out of these transactions, 10.90 millions or 7.19% is paid by credit cards, a decrease of 4.39% or 0.50 millions compares to 11.40 millions in 2012; a significant decrease considering the 2.83% increase in the number of credit cards in 2013. 126.82 millions are paid by debit cards, a significant increase of 20.92 millions or 19.75% compares to 105.90 millions in 2012, even though there is a decrease of 1.31% in the number of debit cards in 2013. Cards with a delayed debit function accounted for 13.92 millions transaction. Latvia total card payment transactions volume contributes 0.35% to the EU total number of transactions.

The total card payments for 2013 is €3.22 billions in value(€1.60 thousands per capita), an increase of €0.47 billions or 17.09% compares to €2.75 billions in 2012. This also translates into €21.2 per card payment transaction, a marginal decrease compares to €21.5 in 2012. Out of these transactions, €0.45 billions or 13.98% is paid by credit cards, an increase of €0.01 billions or 2.27% compares to €0.44 billions in 2012. Meanwhile, €2.18 billions in value is paid by debit cards, an increase of €0.32 billions or 17.20% compares to €1.86 billions in 2012. Cards with a delayed debit function accounted for €0.59 billions of total transactions value. Latvia total card payment value contributes 0.15% to the EU total transactions value.

Credit cards in Latvia 2011-2012

As of 2012, Latvia has a population of 2.03 millions with a GDP(gross domestic product) of €21.98 billions. This translates into €10.81 thousands of GDP per capita. Latvia contributes 0.16% of the EU total GDP.

As at 31st December 2012, there are 2,380,860 payment cards issued in Latvia(1.17 cards per capita), an increase of 58,000 or 2.50% compares to 2,322,860 in 2011. There are 331,460 credit cards in Latvia as at 31st December 2012, a decrease of 540 or 0.16% compares to 332,000 in 2011. Debit cards increase by 32,480 or 1.76% to 1,873,570 in 2012, compares to 1,841,090 in 2011. The rest of the payment cards is made up of 193,150 cards with a delayed debit function, an increase of 15.15% or 25,410 compares to 167,740 in 2011.

Total Card Payments in Volume and Value
For 2012, there are 127.96 millions of card payment transactions in Latvia(63.03 transactions per capita), an increase of 13.99 millions or 12.28% compares to 113.97 millions in 2011. Out of these transactions, 11.40 millions or 8.91% is paid by credit cards, a decrease of 22.08% or 3.23 millions compares to 14.63 millions in 2011; a significant decrease considering the 0.16% decrease in the number of credit cards in 2012. 105.90 millions are paid by debit cards, a significant increase of 13.66 millions or 14.81% compares to 92.24 millions in 2011, even though there is only an increase of 1.76% in the number of debit cards in 2012. Cards with a delayed debit function accounted for 10.66 millions transaction. Latvia total card payment transactions volume contributes 0.32% to the EU total number of transactions.

The total card payments for 2012 is €2.75 billions in value(€1.35 thousands per capita), an increase of €0.41 billions or 17.52% compares to €2.34 billions in 2011. This also translates into €21.5 per card payment transaction, an increase compares to €20.5 in 2011. Out of these transactions, €0.44 billions or 16.00% is paid by credit cards, an increase of €0.01 billions or 2.33% compares to €0.43 billions in 2011. Meanwhile, €1.86 billions in value is paid by debit cards, an increase of €0.28 billions or 17.72% compares to €1.58 billions in 2011. Cards with a delayed debit function accounted for €0.46 billions of total transactions value. Latvia total card payment value contributes 0.14% to the EU total transactions value.

Credit cards in Latvia 2010-2011

As of 2011, Latvia has a population of 2.06 millions with a GDP(gross domestic product) of €20.14 billions. This translates into €9.78 thousands of GDP per capita. Latvia contributes 0.15% of the EU total GDP.

As at 31st December 2011, there are 2,322,860 payment cards issued in Latvia(1.13 cards per capita), a decrease of 104,020 or 4.29% compares to 2,426,880 in 2010. There are 332,000 credit cards in Latvia as at 31st December 2011, a decrease of 63,170 or 15.99% compares to 395,170 in 2010. Debit cards decrease by 105,260 or 5.72% to 1,841,090 in 2011, compares to 1,946,350 in 2010. The rest of the payment cards is made up of 167,740 cards with a delayed debit function, an increase of 60.69% or 63,350 compares to 104,390 in 2010.

Total Card Payments in Volume and Value
For 2011, there are 113.97 millions of card payment transactions in Latvia(55.45 transactions per capita), an increase of 12.11 millions or 11.89% compares to 101.86 millions in 2010. Out of these transactions, 14.63 millions or 12.84% is paid by credit cards, a decrease of 19.17% or 3.47 millions compares to 18.10 millions in 2010; which is in accordance with decrease in the number of credit cards in 2011. 92.24 millions are paid by debit cards, a significant increase of 14.01 millions or 17.75% compares to 78.93 millions in 2010, even though there is decrease in the number of debit cards in 2011. Cards with a delayed debit function accounted for 7.11 millions transaction. Latvia total card payment transactions volume contributes 0.31% to the EU total number of transactions.

The total card payments for 2011 is €2.34 billions in value(€1.14 thousands per capita), an increase of €0.37 billions or 18.78% compares to €1.97 billions in 2010. This also translates into €20.5 per card payment transaction, an increase compares to €19.4 in 2010. Out of these transactions, €0.43 billions or 18.38% is paid by credit cards, the same value as in 2010. Meanwhile, €1.58 billions in value is paid by debit cards, an increase of €0.26 billions or 19.7% compares to €1.32 billions in 2010. Cards with a delayed debit function accounted for €0.33 billions of total transactions value. Latvia total card payment value contributes 0.12% to the EU total transactions value.

Credit cards in Latvia 2009-2010

As of 2010, Latvia has a population of 2.10 millions with a GDP(gross domestic product) of €17.77 billions. This translates into €8.47 thousands of GDP per capita. Latvia contributes 0.14% of the EU total GDP.

As at 31st December 2010, there are 2,426,880 payment cards issued in Latvia(1.16 cards per capita), a decrease of 49,640 or 2.00% compares to 2,476,520 in 2009. There are 395,170 credit cards in Latvia as at 31st December 2010, a decrease of 35,160 or 8.17% compares to 430,330 in 2009. Debit cards decrease by 47,860 or 2.40% to 1,946,350 in 2010, compares to 1,994,210 in 2009. The rest of the payment cards is made up of 104,390 cards with a delayed debit function, an increase of 12.50% or 11,600 compares to 92,790 in 2009.

Total Card Payments in Volume and Value
For 2010, there are 101.86 millions of card payment transactions in Latvia(48.55 transactions per capita), an increase of 4.11 millions or 4.20% compares to 97.75 millions in 2009. Out of these transactions, 18.10 millions or 17.77% is paid by credit cards, a decrease of 9.05% or 1.80 millions compares to 19.90 millions in 2009; which is in accordance with decrease in the number of credit cards in 2010. 78.93 millions are paid by debit cards, an increase of 4.77 millions or 6.43% compares to 74.16 millions in 2009, even though there is decrease in the number of debit cards in 2010. Cards with a delayed debit function accounted for 4.83 millions transaction. Latvia total card payment transactions volume contributes 0.30% to the EU total number of transactions.

The total card payments for 2010 is €1.97 billions in value(€0.94 thousands per capita), an increase of €0.03 billions or 5.82% compares to €1.94 billions in 2009. This also translates into €19.4 per card payment transaction, a marginal decrease compares to €19.8 in 2009. Out of these transactions, €0.43 billions or 21.83% is paid by credit cards, a decrease of 2.27% or €0.01 billions compares to €0.44 billions in 2009. This is influence by the drop in credit card transactions volume as well as the number of credit cards. Meanwhile, €1.32 billions in value is paid by debit cards, a decrease of €0.01 billions or 0.75% compares to €1.33 billions in 2009. Cards with a delayed debit function accounted for €0.22 billions of total transactions value. Latvia total card payment value contributes 0.11% to the EU total transactions value.

Credit cards in Latvia 2008-2009

As of 2009, Latvia has a population of 2.25 millions with a GDP(gross domestic product) of €18.54 billions. This translates into €8.22 thousands of GDP per capita. Latvia contributes 0.16% of the EU total GDP.

As at 31st December 2009, there are 2,476,520 payment cards issued in Latvia(1.10 cards per capita), a decrease of 40,160 or 1.60% compares to 2,516,680 in 2008. There are 430,330 credit cards in Latvia as at 31st December 2009, a significant decrease of 82,800 or 16.14% compares to 513,130 in 2008. Debit cards increase by 67,710 or 3.51% to 1,994,210 in 2009, compares to 1,926,500 in 2008. The rest of the payment cards is made up of 92,790 cards with a delayed debit function, a significant increase of 19.78% or 15,320 compares to 77,470 in 2008.

Total Card Payments in Volume and Value
For 2009, there are 97.75 millions of card payment transactions in Latvia(43.35 transactions per capita), an increase of 2.62 millions or 2.75% compares to 95.13 millions in 2008. Out of these transactions, 19.90 millions or 20.36% is paid by credit cards, a decrease of 13.06% or 2.99 millions compares to 22.89 millions in 2008; which is in accordance with decrease in the number of credit cards in 2009. 74.16 millions are paid by debit cards, an increase of 4.75 millions or 6.84% compares to 69.41 millions in 2008, which is in accordance with increase in the number of debit cards. Cards with a delayed debit function accounted for 3.69 millions transaction. Latvia total card payment transactions volume contributes 0.31% to the EU total number of transactions.

The total card payments for 2009 is €1.94 billions in value(€0.86 thousands per capita), a decrease of €0.50 billions or 20.49% compares to €2.44 billions in 2008. This also translates into €19.8 per card payment transaction, a smaller amount compares to €25.6 in 2008. Out of these transactions, €0.44 billions or 22.68% is paid by credit cards, a significant decrease of 33.33% or €0.22 billions compares to €0.66 billions in 2008. This is influence by the drop in credit card transactions volume as well as the number of credit cards. Meanwhile, €1.33 billions in value is paid by debit cards, a decrease of €0.28 billions or 17.39% compares to €1.61 billions in 2008. Cards with a delayed debit function accounted for €0.17 billions of total transactions value. Latvia total card payment value contributes 0.12% to the EU total transactions value.

Credit cards in Latvia 2007-2008

As of 2008, Latvia has a population of 2.27 millions with a GDP(gross domestic product) of €23.12 billions. This translates into €10.20 thousands of GDP per capita. Latvia contributes 0.18% of the EU total GDP.

As at 31st December 2008, there are 2,516,680 payment cards issued in Latvia(1.11 cards per capita), an increase of 147,320 or 6.21% compares to 2,369,450 in 2007. There are 513,130 credit cards in Latvia as at 31st December 2008, an increase of 29,870 or 6.18% compares to 483,260 in 2007. Debit cards increase by 90,660 or 4.94% to 1,926,500 in 2008, compares to 1,835,840 in 2007. The rest of the payment cards is made up of 77,470 cards with a delayed debit function, a significant increase of 52.32% or 26,610 compares to 50,860 in 2007.

Total Card Payments in Volume and Value
For 2008, there are 95.13 millions of card payment transactions in Latvia(41.98 transactions per capita), a significant increase of 18.48 millions or 24.11% compares to 76.65 millions in 2007. Out of these transactions, 22.89 millions or 24.06% is paid by credit cards, a staggering increase of 146.13% or 13.59 millions compares to 9.30 millions in 2007, even though there is only 6.18% increase in the number of credit cards issued. 69.41 millions are paid by debit cards, an increase of 4.08 millions or 6.25% compares to 65.33 millions in 2007, which is in accordance with increase in the number of debit cards. Cards with a delayed debit function accounted for 2.83 millions transaction. Latvia total card payment transactions volume contributes 0.32% to the EU total number of transactions.

The total card payments for 2008 is €2.44 billions in value(€1.08 thousands per capita), an increase of €0.43 billions or 21.39% compares to €2.01 billions in 2007, which is in accordance to the increase in transactions volume. This also translates into €25.6 per card payment transaction, a smaller amount compares to €26.3 in 2007. Out of these transactions, €0.66 billions or 27.05% is paid by credit cards, a significant increase of 60.98% or €0.25 billions compares to €0.41 billions in 2007. This is influence by the significant growth in credit card transactions volume. Meanwhile, €1.61 billions in value is paid by debit cards, an increase of €0.15 billions or 10.27% compares to €1.46 billions in 2007. Cards with a delayed debit function accounted for €0.16 billions of total transactions value. Latvia total card payment value contributes 0.15% to the EU total transactions value.