Laos: Financial institutions development, depth

* indicates monthly or quarterly data series
 Laos

Financial institutions development, depth

 Latest value 0.063
 Year 2021
 Measure index points
 Data availability 1989 - 2021
 Average 0.035
 Min - Max 0.002 - 0.064
 Source International Monetary Fund
The latest value from 2021 is 0.063 index points, an increase from 0.06 index points in 2020. In comparison, the world average is 0.291 index points, based on data from 175 countries. Historically, the average for Laos from 1989 to 2021 is 0.035 index points. The minimum value, 0.002 index points, was reached in 1989 while the maximum of 0.064 index points was recorded in 2013. 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 data
Laos - Financial institutions development, depth - Recent values chart

Historical series
Laos - Financial institutions development, depth - historical chart - 1989-2021




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 0.170 2021 index points
 Financial institutions development 0.246 2021 index points
 Financial institutions development, depth 0.063 2021 index points
 Financial institutions development, access 0.160 2021 index points
 Financial institutions development, efficiency 0.555 2021 index points
 Financial markets development 0.087 2021 index points
 Financial markets development, depth 0.217 2021 index points
 Financial markets development, access 0.015 2021 index points
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