Norway: Financial institutions development

The latest value from 2021 is 0.551 index points, a decline from 0.584 index points in 2020. In comparison, the world average is 0.436 index points, based on data from 178 countries. Historically, the average for Norway from 1980 to 2021 is 0.445 index points. The minimum value, 0.168 index points, was reached in 1980 while the maximum of 0.589 index points was recorded in 2007. See the global rankings or world map for that indicator or use the country comparator to compare trends over time.

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.