Australia: Financial institutions development, efficiency

* indicates monthly or quarterly data series
 Australia

Financial institutions development, efficiency

 Latest value 0.747
 Year 2021
 Measure index points
 Data availability 1980 - 2021
 Average 0.637
 Min - Max 0.360 - 0.750
 Source International Monetary Fund
The latest value from 2021 is 0.747 index points, an increase from 0.719 index points in 2020. In comparison, the world average is 0.585 index points, based on data from 178 countries. Historically, the average for Australia from 1980 to 2021 is 0.637 index points. The minimum value, 0.36 index points, was reached in 1981 while the maximum of 0.75 index points was recorded in 2018. 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 data
Australia - Financial institutions development, efficiency - Recent values chart

Historical series
Australia - Financial institutions development, efficiency - historical chart - 1980-2021




Definition: Measures the efficiency of financial institutions. Constructed using the Principal Component methodology using the following variables: Net interest margin, Lending-deposits spread, Non-interest income to total income, Overhead costs to total assets, Return on assets, and Return on equity. See Svirydzenka, Katsiaryna (IMF, 2016) for more detail.

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