Benin: Financial institutions development, depth

* indicates monthly or quarterly data series
 Benin

Financial institutions development, depth

 Latest value 0.051
 Year 2021
 Measure index points
 Data availability 1980 - 2021
 Average 0.047
 Min - Max 0.021 - 0.083
 Source International Monetary Fund
For that indicator, we provide data for Benin from 1980 to 2021. The average value for Benin during that period was 0.047 index points with a minimum of 0.021 index points in 1995 and a maximum of 0.083 index points in 1983. The latest value from 2021 is 0.051 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
Benin - Financial institutions development, depth - Recent values chart

Historical chart
Benin - Financial institutions development, depth - historical chart - 1980-2021




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 0.110 2021 index points
 Financial institutions development 0.207 2021 index points
 Financial institutions development, depth 0.051 2021 index points
 Financial institutions development, access 0.059 2021 index points
 Financial institutions development, efficiency 0.588 2021 index points
 Financial markets development 0.010 2021 index points
 Financial markets development, depth 0.026 2021 index points
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