Eritrea: Financial institutions development, efficiency

* indicates monthly or quarterly data series
 Eritrea

Financial institutions development, efficiency

 Latest value 0.540
 Year 2021
 Measure index points
 Data availability 1995 - 2021
 Average 0.557
 Min - Max 0.498 - 0.696
 Source International Monetary Fund
For that indicator, we provide data for Eritrea from 1995 to 2021. The average value for Eritrea during that period was 0.557 index points with a minimum of 0.498 index points in 2007 and a maximum of 0.696 index points in 2004. The latest value from 2021 is 0.54 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
Eritrea - Financial institutions development, efficiency - Recent values chart

Historical chart
Eritrea - Financial institutions development, efficiency - historical chart - 1995-2021




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 0.089 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
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