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
The latest value from 2021 is 0.974 index points, unchanged from 0.974 index points in 2020. In comparison, the world average is 0.291 index points, based on data from 175 countries. Historically, the average for Canada from 1980 to 2021 is 0.867 index points. The minimum value, 0.659 index points, was reached in 1980 while the maximum of 0.974 index points was recorded in 2020. 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 data
Canada - Financial institutions development, depth - Recent values chart

Historical series
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.

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 Related indicators Latest 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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