Greece: Financial development

The latest value from 2021 is 0.474 index points, a decline from 0.493 index points in 2020. In comparison, the world average is 0.331 index points, based on data from 178 countries. Historically, the average for Greece from 1982 to 2021 is 0.439 index points. The minimum value, 0.136 index points, was reached in 1982 while the maximum of 0.68 index points was recorded in 2008. 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.