Albania: Financial development

* indicates monthly or quarterly data series

Financial development

 Latest value 0.203
 Year 2021
 Measure index points
 Data availability 1992 - 2021
 Average 0.158
 Min - Max 0.096 - 0.206
 Source International Monetary Fund
For that indicator, we provide data for Albania from 1992 to 2021. The average value for Albania during that period was 0.158 index points with a minimum of 0.096 index points in 1996 and a maximum of 0.206 index points in 2014. The latest value from 2021 is 0.203 index points. For comparison, the world average in 2021 based on 178 countries is 0.331 index points. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series

Recent values chart
Albania - Financial development - Recent values chart

Historical chart
Albania - Financial development - historical chart - 1992-2021

Definition: An index for overall financial development based on the two subindexes for financial institutions development and financial markets development. See the indicator menu and Svirydzenka, Katsiaryna (IMF, 2016) for more detail.

 Related indicators Latest value Reference Measure
 Financial development 0.203 2021 index points
 Financial institutions development 0.391 2021 index points
 Financial institutions development, depth 0.125 2021 index points
 Financial institutions development, access 0.373 2021 index points
 Financial institutions development, efficiency 0.650 2021 index points
 Financial markets development 0.008 2021 index points
 Financial markets development, depth 0.022 2021 index points
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