Albania: Financial institutions development, depth

* indicates monthly or quarterly data series
 Albania

Financial institutions development, depth

 Latest value 0.125
 Year 2021
 Measure index points
 Data availability 1992 - 2021
 Average 0.072
 Min - Max 0.020 - 0.130
 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 0.072 index points with a minimum of 0.02 index points in 1996 and a maximum of 0.13 index points in 2015. The latest value from 2021 is 0.125 index points. For comparison, the world average in 2021 based on 175 countries is 0.291 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 institutions development, depth - Recent values chart

Historical chart
Albania - Financial institutions development, depth - historical chart - 1992-2021




Definition: Measures the development of financial institutions in terms of depth. Constructed as a principal component of the following variables: Private-sector credit to GDP; Pension fund assets to GDP; Mutual fund assets to GDP; and Insurance premiums, life and non-life, to GDP. See 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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