diff --git a/packages/calcite-components/src/components.d.ts b/packages/calcite-components/src/components.d.ts
index ec69dc49efc..7f7ed0d712d 100644
--- a/packages/calcite-components/src/components.d.ts
+++ b/packages/calcite-components/src/components.d.ts
@@ -3312,9 +3312,9 @@ export namespace Components {
          */
         "text": string;
         /**
-          * Specifies the component type.  Use `"indeterminate"` if finding actual progress value is impossible.
+          * Specifies the component type.  Use `"indeterminate"` if finding actual progress value is impossible. Otherwise, use `"determinate"` to have the value indicate the progress or `"determinate-value"` to have the value label displayed along the progress.
          */
-        "type": "indeterminate" | "determinate";
+        "type": "indeterminate" | "determinate" | "determinate-value";
         /**
           * The component's value. Valid only for `"determinate"` indicators. Percent complete of 100.
          */
@@ -11404,9 +11404,9 @@ declare namespace LocalJSX {
          */
         "text"?: string;
         /**
-          * Specifies the component type.  Use `"indeterminate"` if finding actual progress value is impossible.
+          * Specifies the component type.  Use `"indeterminate"` if finding actual progress value is impossible. Otherwise, use `"determinate"` to have the value indicate the progress or `"determinate-value"` to have the value label displayed along the progress.
          */
-        "type"?: "indeterminate" | "determinate";
+        "type"?: "indeterminate" | "determinate" | "determinate-value";
         /**
           * The component's value. Valid only for `"determinate"` indicators. Percent complete of 100.
          */
diff --git a/packages/calcite-components/src/components/loader/loader.scss b/packages/calcite-components/src/components/loader/loader.scss
index c02812b22ef..d3cf60765f4 100644
--- a/packages/calcite-components/src/components/loader/loader.scss
+++ b/packages/calcite-components/src/components/loader/loader.scss
@@ -36,21 +36,24 @@ $loader-circumference: ($loader-scale - (2 * $stroke-width)) * 3.14159;
 }
 
 :host([scale="s"]) {
-  --calcite-loader-font-size: theme("fontSize.n2");
+  --calcite-loader-font-size: var(--calcite-font-size--3);
   --calcite-loader-size: theme("spacing.8");
   --calcite-loader-size-inline: theme("spacing.3");
+  --calcite-internal-loader-value-line-height: 0.625rem; // 10px
 }
 
 :host([scale="m"]) {
   --calcite-loader-font-size: theme("fontSize.0");
   --calcite-loader-size: theme("spacing.16");
   --calcite-loader-size-inline: theme("spacing.4");
+  --calcite-internal-loader-value-line-height: 1.375rem; // 22px
 }
 
 :host([scale="l"]) {
   --calcite-loader-font-size: theme("fontSize.2");
   --calcite-loader-size: theme("spacing.24");
   --calcite-loader-size-inline: theme("spacing.6");
+  --calcite-internal-loader-value-line-height: 1.71875rem; // 27.5px
 }
 
 :host([no-padding]) {
@@ -70,13 +73,11 @@ $loader-circumference: ($loader-scale - (2 * $stroke-width)) * 3.14159;
 }
 
 .loader__percentage {
-  @apply text-color-1 absolute block text-center;
+  @apply block text-center text-color-1;
   font-size: var(--calcite-loader-font-size);
   inline-size: var(--calcite-loader-size);
-  inset-inline-start: 50%;
-  margin-inline-start: calc(var(--calcite-loader-size) / 2 * -1);
-  line-height: 0.25;
-  transform: scale(1, 1);
+  line-height: var(--calcite-internal-loader-value-line-height);
+  align-self: center;
 }
 
 .loader__svgs {
@@ -89,6 +90,7 @@ $loader-circumference: ($loader-scale - (2 * $stroke-width)) * 3.14159;
   animation-timing-function: linear;
   animation-duration: scaleDuration(--calcite-internal-animation-timing-slow, 6.66);
   animation-name: loader-clockwise;
+  display: flex;
 }
 
 .loader__svg {
@@ -110,7 +112,8 @@ $loader-circumference: ($loader-scale - (2 * $stroke-width)) * 3.14159;
   }
 }
 
-:host([type="determinate"]) {
+:host([type="determinate"]),
+:host([type="determinate-value"]) {
   @apply animate-none;
   stroke: var(--calcite-color-border-3);
   .loader__svgs {
diff --git a/packages/calcite-components/src/components/loader/loader.stories.ts b/packages/calcite-components/src/components/loader/loader.stories.ts
index 204b43e033e..92d50234438 100644
--- a/packages/calcite-components/src/components/loader/loader.stories.ts
+++ b/packages/calcite-components/src/components/loader/loader.stories.ts
@@ -40,6 +40,44 @@ export const inline_TestOnly = (): string => html`
   </div>
 `;
 
+export const determinate = (): string => html`
+  <style>
+    .scales {
+      display: flex;
+      flex-direction: row;
+      gap: 50px;
+    }
+    
+    calcite-loader {
+      /* provide dimensions for consistent screenshots */
+      height: 100px;
+      width: 100px;
+    }
+  </style>
+  <h1>determinate</h1>
+  <div class="scales">
+    <h2>s</h2>
+    <calcite-loader scale="s" type="determinate" value="50"></calcite-loader>
+    <h2>m</h2>
+    <calcite-loader scale="m" type="determinate" value="50"></calcite-loader>
+    <h2>l</h2>
+    <calcite-loader scale="l" type="determinate" value="50"></calcite-loader>
+  </div>
+  <br>
+  <h1>determinate-value</h1>
+  <div class="scales">
+    <h2>s</h2>
+    <calcite-loader scale="s" type="determinate-value" value="50" />
+    </calcite-loader>
+    <h2>m</h2>
+    <calcite-loader scale="m" type="determinate-value" value="50" />
+    </calcite-loader>
+    <h2>l</h2>
+    <calcite-loader scale="l" type="determinate-value" value="50" />
+    </calcite-loader>
+  </div>
+`;
+
 export const customTheme_TestOnly = (): string => html`
   <calcite-loader
     type="indeterminate"
diff --git a/packages/calcite-components/src/components/loader/loader.tsx b/packages/calcite-components/src/components/loader/loader.tsx
index 77d88b147ae..72438723d7e 100644
--- a/packages/calcite-components/src/components/loader/loader.tsx
+++ b/packages/calcite-components/src/components/loader/loader.tsx
@@ -1,6 +1,7 @@
-import { Component, Element, h, Host, Prop, VNode } from "@stencil/core";
+import { Component, Element, h, Host, Prop, State, VNode, Watch } from "@stencil/core";
 import { guid } from "../../utils/guid";
 import { Scale } from "../interfaces";
+import { connectLocalized, disconnectLocalized, LocalizedComponent } from "../../utils/locale";
 import { CSS } from "./resources";
 
 @Component({
@@ -8,7 +9,7 @@ import { CSS } from "./resources";
   styleUrl: "loader.scss",
   shadow: true,
 })
-export class Loader {
+export class Loader implements LocalizedComponent {
   //--------------------------------------------------------------------------
   //
   //  Properties
@@ -27,10 +28,10 @@ export class Loader {
   /**
    * Specifies the component type.
    *
-   * Use `"indeterminate"` if finding actual progress value is impossible.
+   * Use `"indeterminate"` if finding actual progress value is impossible. Otherwise, use `"determinate"` to have the value indicate the progress or `"determinate-value"` to have the value label displayed along the progress.
    *
    */
-  @Prop({ reflect: true }) type: "indeterminate" | "determinate";
+  @Prop({ reflect: true }) type: "indeterminate" | "determinate" | "determinate-value";
 
   /** The component's value. Valid only for `"determinate"` indicators. Percent complete of 100. */
   @Prop() value = 0;
@@ -44,6 +45,16 @@ export class Loader {
   //
   //--------------------------------------------------------------------------
 
+  connectedCallback(): void {
+    connectLocalized(this);
+
+    this.updateFormatter();
+  }
+
+  disconnectedCallback(): void {
+    disconnectLocalized(this);
+  }
+
   render(): VNode {
     const { el, inline, label, scale, text, type, value } = this;
 
@@ -52,7 +63,7 @@ export class Loader {
     const size = inline ? this.getInlineSize(scale) : this.getSize(scale);
     const radius = size * radiusRatio;
     const viewbox = `0 0 ${size} ${size}`;
-    const isDeterminate = type === "determinate";
+    const isDeterminate = type?.startsWith("determinate");
     const circumference = 2 * radius * Math.PI;
     const progress = (value / 100) * circumference;
     const remaining = circumference - progress;
@@ -87,13 +98,21 @@ export class Loader {
               <circle {...svgAttributes} />
             </svg>
           ))}
+          {isDeterminate && <div class={CSS.loaderPercentage}>{this.formatValue()}</div>}
         </div>
         {text && <div class={CSS.loaderText}>{text}</div>}
-        {isDeterminate && <div class={CSS.loaderPercentage}>{value}</div>}
       </Host>
     );
   }
 
+  private formatValue = (): string => {
+    if (this.type !== "determinate-value") {
+      return `${this.value}`;
+    }
+
+    return this.formatter.format(this.value / 100);
+  };
+
   //--------------------------------------------------------------------------
   //
   //  Private Properties
@@ -102,6 +121,16 @@ export class Loader {
 
   @Element() el: HTMLCalciteLoaderElement;
 
+  @State() effectiveLocale = "";
+
+  @Watch("effectiveLocale")
+  @Watch("type")
+  formatterPropsChange(): void {
+    this.updateFormatter();
+  }
+
+  private formatter: Intl.NumberFormat;
+
   //--------------------------------------------------------------------------
   //
   //  Private Methods
@@ -128,4 +157,17 @@ export class Loader {
       l: 20,
     }[scale];
   }
+
+  private updateFormatter(): void {
+    if (
+      this.type !== "determinate-value" ||
+      this.formatter?.resolvedOptions().locale === this.effectiveLocale
+    ) {
+      return;
+    }
+
+    this.formatter = new Intl.NumberFormat(this.effectiveLocale, {
+      style: "percent",
+    });
+  }
 }