Singapore: Financial institutions development

The latest value from 2021 is 0.761 index points, an increase from 0.758 index points in 2020. In comparison, the world average is 0.436 index points, based on data from 178 countries. Historically, the average for Singapore from 1980 to 2021 is 0.69 index points. The minimum value, 0.587 index points, was reached in 1988 while the maximum of 0.782 index points was recorded in 2001. 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.