Canada: Financial development

* indicates monthly or quarterly data series
 Canada

Financial development

 Latest value 0.874
 Year 2021
 Measure index points
 Data availability 1980 - 2021
 Average 0.708
 Min - Max 0.450 - 0.926
 Source International Monetary Fund
For that indicator, we provide data for Canada from 1980 to 2021. The average value for Canada during that period was 0.708 index points with a minimum of 0.45 index points in 1980 and a maximum of 0.926 index points in 2018. The latest value from 2021 is 0.874 index points. For comparison, the world average in 2021 based on 178 countries is 0.331 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
Canada - Financial development - Recent values chart

Historical chart
Canada - Financial development - historical chart - 1980-2021




Definition: An index for overall financial development based on the two subindexes for financial institutions development and financial markets development. See the indicator menu and Svirydzenka, Katsiaryna (IMF, 2016) for more detail.


 Related indicators Latest value Reference Measure
 Financial development 0.874 2021 index points
 Financial institutions development 0.959 2021 index points
 Financial institutions development, depth 0.974 2021 index points
 Financial institutions development, access 0.744 2021 index points
 Financial institutions development, efficiency 0.799 2021 index points
 Financial markets development 0.754 2021 index points
 Financial markets development, depth 0.999 2021 index points
 Financial markets development, access 0.708 2021 index points
 Financial markets development, efficiency 0.472 2021 index points
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