Bahamas: Financial institutions development

The latest value from 2021 is 0.648 index points, an increase from 0.646 index points in 2020. In comparison, the world average is 0.436 index points, based on data from 178 countries. Historically, the average for the Bahamas from 1980 to 2021 is 0.519 index points. The minimum value, 0.35 index points, was reached in 1985 while the maximum of 0.705 index points was recorded in 2013. See the global rankings for that indicator or use the country comparator to compare trends over time.

Definition: An index for overall financial institutions development based on the three subindexes for depth, access, and efficiency from the indictors menu. See Svirydzenka, Katsiaryna (IMF, 2016) for more detail.