Saudi Arabia: Financial institutions development

The latest value from 2021 is 0.349 index points, a decline from 0.358 index points in 2020. In comparison, the world average is 0.436 index points, based on data from 178 countries. Historically, the average for Saudi Arabia from 1980 to 2021 is 0.29 index points. The minimum value, 0.152 index points, was reached in 1980 while the maximum of 0.36 index points was recorded in 2016. 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.