Finland: Financial development

The latest value from 2021 is 0.646 index points, a decline from 0.649 index points in 2020. In comparison, the world average is 0.331 index points, based on data from 178 countries. Historically, the average for Finland from 1980 to 2021 is 0.492 index points. The minimum value, 0.238 index points, was reached in 1980 while the maximum of 0.666 index points was recorded in 2013. See the global rankings for that indicator or use the country comparator to compare trends over time.

Definition: An index for overall financial development based on the two subindexes for financial institutions development and financial markets development. See the indicator menu and Svirydzenka, Katsiaryna (IMF, 2016) for more detail.