Benin: Financial institutions development, depth

The latest value from 2021 is 0.051 index points, unchanged from 0.051 index points in 2020. In comparison, the world average is 0.291 index points, based on data from 175 countries. Historically, the average for Benin from 1980 to 2021 is 0.047 index points. The minimum value, 0.021 index points, was reached in 1995 while the maximum of 0.083 index points was recorded in 1983. See the global rankings for that indicator or use the country comparator to compare trends over time.

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.