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Credit Cards in Latvia
As of 2010, Latvia has a population of 2.24 millions with a GDP(gross domestic product) of €17.97 billions. This translates into €8.03 thousands of GDP per capita. Latvia contributes 0.15% of the EU total GDP.
As at 31st December 2010, there are 2,426,880 payment cards issued in Latvia(1.08 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.
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Total Card Payments in Volume and Value
For 2010, there are 101.86 millions of card payment transactions in Latvia(45.49 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(€0.88 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.
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