Benin: Financial institutions development, efficiency

* indicates monthly or quarterly data series
 Benin

Financial institutions development, efficiency

 Latest value 0.588
 Year 2021
 Measure index points
 Data availability 1980 - 2021
 Average 0.664
 Min - Max 0.432 - 0.925
 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 0.664 index points with a minimum of 0.432 index points in 1993 and a maximum of 0.925 index points in 1983. The latest value from 2021 is 0.588 index points. For comparison, the world average in 2021 based on 178 countries is 0.585 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, efficiency - Recent values chart

Historical chart
Benin - 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.


 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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