Compilation of statistics in accordance with international standards

1993

Latvijas Banka begins to compile banking and monetary statistics pursuant to the requirements of international institutions and to publish the statistical indicators.

1997

With Latvia joining the Special Data Dissemination Standard (SDDS) of the International Monetary Fund (IMF), Latvijas Banka commences compiling the data on Latvijas Banka and the banking sector.

The SDDS was established by the IMF as a harmonised data dissemination system and is used worldwide to provide the public with data on the IMF member countries, including Latvia.

2000

Latvijas Banka starts compiling balance of payments statistics

With Latvijas Banka taking over the obligation to prepare balance of payments statistics from the Central Statistical Bureau of Latvia, it started to compile the monthly data on balance of payments to provide data users with the preliminary data on the transactions between Latvia's residents and those of other countries, as well as the data on international investment position and direct investment and external debt in compliance with the methodology developed by international institutions, thereby ensuring the compilation of internationally comparable data.

2007

Latvijas Banka expands the range of financial market and monetary statistics disseminated on its website.

2012

Latvijas Banka launches the database INTS

The statistical database INTS was launched on Latvijas Banka's website for the purpose of providing data users with modern, user-friendly and adaptable means for data selection and analysis, including graphic tools. A number of standard tables were prepared to allow for easy access to the required data.

2014

In preparation for the adoption of the euro, Latvijas Banka brought its statistical data in full alignment with the ECB requirements and produced corresponding historical data.

To join the euro area, Latvijas Banka had to ensure the implementation of all respective ECB legal acts in the area of statistics. In addition, Latvijas Banka had to prepare the historical time series of all types of statistical data in compliance with the requirements of the ECB statistics-related legal acts, thereby providing data users with longer-term data comparability/data comparable over a longer period of time.

2016

In view of Latvia's accession to the OECD, Latvijas Banka ensured the conformity of the statistical data with the OECD requirements.

It also had to ensure the conformity of the statistical data falling within the competence of Latvijas Banka with the OECD statistical requirements, providing data users with more harmonised data when comparing statistics of different countries.

2017

With Latvia joining the Special Data Dissemination Standard Plus of the IMF, Latvijas Banka assumed the role of the coordinating institution in Latvia.

The participation of Latvia in the SDIS Plus constitutes evidence that Latvia's statistics conform to the world's highest quality standards with respect to statistical data compilation, collection and dissemination. Acting in the capacity of the national coordinating institution on SDIS Plus-related matters, Latvijas Banka monitors Latvia's data release calendar and the national data description.