
Eritrea: Financial institutions development, depth
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Eritrea |
Financial institutions development, depth |
---|---|
Latest value | 0.065 |
Year | 2021 |
Measure | index points |
Data availability | 1995 - 2021 |
Average | 0.089 |
Min - Max | 0.055 - 0.158 |
Source | International Monetary Fund |
The latest value from 2021 is 0.065 index points, unchanged from 0.065 index points in 2020. In comparison, the world average is 0.291 index points, based on data from 175 countries. Historically, the average for Eritrea from 1995 to 2021 is 0.089 index points. The minimum value, 0.055 index points, was reached in 2011 while the maximum of 0.158 index points was recorded in 1998.
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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 | 0.089 | 2021 | index points |
Financial institutions development | 0.174 | 2021 | index points |
Financial institutions development, depth | 0.065 | 2021 | index points |
Financial institutions development, efficiency | 0.540 | 2021 | index points |