Canada: Financial institutions development, efficiency

* indicates monthly or quarterly data series
 Canada

Financial institutions development, efficiency

 Latest value 0.799
 Year 2021
 Measure index points
 Data availability 1980 - 2021
 Average 0.694
 Min - Max 0.545 - 0.799
 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 0.694 index points with a minimum of 0.545 index points in 2000 and a maximum of 0.799 index points in 2021. The latest value from 2021 is 0.799 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
Canada - Financial institutions development, efficiency - Recent values chart

Historical chart
Canada - 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 0.874 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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