Iceland: Financial institutions development
* indicates monthly or quarterly data series
| Iceland |
Financial institutions development |
|---|---|
| Latest value | 0.701 |
| Year | 2021 |
| Measure | index points |
| Data availability | 1980 - 2021 |
| Average | 0.659 |
| Min - Max | 0.324 - 0.901 |
| Source | International Monetary Fund |
The latest value from 2021 is 0.701 index points, an increase from 0.692 index points in 2020. In comparison, the world average is 0.436 index points, based on data from 178 countries. Historically, the average for Iceland from 1980 to 2021 is 0.659 index points. The minimum value, 0.324 index points, was reached in 1980 while the maximum of 0.901 index points was recorded in 2005.
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Definition: An index for overall financial institutions development based on the three subindexes for depth, access, and efficiency from the indictors menu. See Svirydzenka, Katsiaryna (IMF, 2016) for more detail.
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| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Financial development | 0.496 | 2021 | index points |
| Financial institutions development | 0.701 | 2021 | index points |
| Financial institutions development, depth | 0.740 | 2021 | index points |
| Financial institutions development, access | 0.622 | 2021 | index points |
| Financial institutions development, efficiency | 0.414 | 2021 | index points |
| Financial markets development | 0.272 | 2021 | index points |
| Financial markets development, depth | 0.297 | 2021 | index points |
| Financial markets development, access | 0.500 | 2021 | index points |