Uruguay: Financial institutions development, depth

The latest value from 2021 is 0.282 index points, a decline from 0.284 index points in 2020. In comparison, the world average is 0.291 index points, based on data from 175 countries. Historically, the average for Uruguay from 1980 to 2021 is 0.178 index points. The minimum value, 0.098 index points, was reached in 1994 while the maximum of 0.289 index points was recorded in 1982. See the global rankings or world map for that indicator or use the country comparator to compare trends over time.

Definition: Measures the development of financial institutions in terms of depth. Constructed as a principal component of the following variables: Private-sector credit to GDP; Pension fund assets to GDP; Mutual fund assets to GDP; and Insurance premiums, life and non-life, to GDP. See Svirydzenka, Katsiaryna (IMF, 2016) for more detail.