Maldives: Financial institutions development, efficiency

The latest value from 2021 is 0.708 index points, an increase from 0.569 index points in 2020. In comparison, the world average is 0.585 index points, based on data from 178 countries. Historically, the average for the Maldives from 1980 to 2021 is 0.718 index points. The minimum value, 0.548 index points, was reached in 2009 while the maximum of 1 index points was recorded in 1983. See the global rankings or world map for that indicator or use the country comparator to compare trends over time.

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.