Saint Vincent and the Grenadines: Financial institutions development

The latest value from 2021 is 0.397 index points, a decline from 0.398 index points in 2020. In comparison, the world average is 0.436 index points, based on data from 178 countries. Historically, the average for Saint Vincent and the Grenadines from 1980 to 2021 is 0.348 index points. The minimum value, 0.27 index points, was reached in 1993 while the maximum of 0.438 index points was recorded in 2009. See the global rankings 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.