Paraguay: Financial development

The latest value from 2021 is 0.193 index points, an increase from 0.182 index points in 2020. In comparison, the world average is 0.331 index points, based on data from 178 countries. Historically, the average for Paraguay from 1980 to 2021 is 0.114 index points. The minimum value, 0.068 index points, was reached in 2003 while the maximum of 0.193 index points was recorded in 2021. 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.