Canada: Financial institutions development, depth

* indicates monthly or quarterly data series
 Canada

Financial institutions development, depth

 Latest value 0.974
 Year 2021
 Measure index points
 Data availability 1980 - 2021
 Average 0.867
 Min - Max 0.659 - 0.974
 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 0.867 index points with a minimum of 0.659 index points in 1980 and a maximum of 0.974 index points in 2020. The latest value from 2021 is 0.974 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
Canada - Financial institutions development, depth - Recent values chart

Historical chart
Canada - 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 0.874 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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