* indicates monthly or quarterly data series

Financial institutions development, 2021:

The average for 2021 based on 178 countries was 0.436 index points. The highest value was in Canada: 0.959 index points and the lowest value was in the Central African Republic: 0.081 index points. The indicator is available from 1980 to 2021. Below is a chart for all countries where data are available.

Measure: index points; Source: International Monetary Fund
Select indicator
* indicates monthly or quarterly data series


Countries Financial institutions development, 2021 Global rank Available data
Canada 0.959 1 1980 - 2021
Switzerland 0.92 2 1980 - 2021
Australia 0.913 3 1980 - 2021
USA 0.898 4 1980 - 2021
Japan 0.885 5 1980 - 2021
Macao 0.857 6 1984 - 2021
South Korea 0.852 7 1980 - 2021
France 0.847 8 1980 - 2021
Luxembourg 0.823 9 1980 - 2021
Hong Kong 0.793 10 1980 - 2021
UK 0.786 11 1980 - 2021
Spain 0.776 12 1980 - 2021
Israel 0.764 13 1980 - 2021
Singapore 0.761 14 1980 - 2021
Bolivia 0.758 15 1980 - 2021
Belgium 0.753 16 1980 - 2021
Austria 0.74 17 1980 - 2021
New Zealand 0.739 18 1980 - 2021
Sweden 0.739 19 1980 - 2021
Denmark 0.737 20 1980 - 2021
Portugal 0.729 21 1980 - 2021
Namibia 0.723 22 1990 - 2021
Italy 0.722 23 1980 - 2021
Thailand 0.71 24 1980 - 2021
Iceland 0.701 25 1980 - 2021
Malaysia 0.698 26 1980 - 2021
Croatia 0.681 27 1992 - 2021
Bulgaria 0.673 28 1988 - 2021
Bahamas 0.648 29 1980 - 2021
Brazil 0.643 30 1980 - 2021
Malta 0.642 31 1980 - 2021
Tr.&Tobago 0.635 32 1980 - 2021
Netherlands 0.631 33 1980 - 2021
Seychelles 0.622 34 1980 - 2021
Germany 0.621 35 1980 - 2021
Georgia 0.619 36 1994 - 2021
Finland 0.613 37 1980 - 2021
China 0.608 38 1982 - 2021
Iran 0.6 39 1980 - 2021
Russia 0.6 40 1990 - 2021
Chile 0.594 41 1980 - 2021
Ireland 0.587 42 1980 - 2021
South Africa 0.578 43 1980 - 2021
Barbados 0.573 44 1980 - 2021
Cape Verde 0.571 45 1980 - 2021
Uruguay 0.564 46 1980 - 2021
Aruba 0.563 47 1986 - 2021
Cyprus 0.558 48 1980 - 2021
Jamaica 0.554 49 1980 - 2021
Norway 0.551 50 1980 - 2021
Ant.& Barb. 0.549 51 1980 - 2021
Slovenia 0.544 52 1992 - 2021
Costa Rica 0.536 53 1980 - 2021
Hungary 0.527 54 1982 - 2021
Slovakia 0.525 55 1991 - 2021
Bosnia & Herz. 0.519 56 1995 - 2021
Czechia 0.519 57 1990 - 2021
Panama 0.515 58 1980 - 2021
Peru 0.514 59 1980 - 2021
Kuwait 0.513 60 1980 - 2021
Mauritius 0.512 61 1980 - 2021
Uzbekistan 0.511 62 1993 - 2021
Grenada 0.51 63 1980 - 2021
North Macedonia 0.506 64 1992 - 2021
Mongolia 0.494 65 1991 - 2021
Armenia 0.491 66 1993 - 2021
Poland 0.483 67 1980 - 2021
Saint Lucia 0.476 68 1980 - 2021
Qatar 0.472 69 1980 - 2021
Romania 0.469 70 1980 - 2021
Mexico 0.465 71 1980 - 2021
India 0.464 72 1980 - 2021
Jordan 0.464 73 1980 - 2021
Brunei 0.463 74 1994 - 2021
Tonga 0.461 75 1980 - 2021
Colombia 0.458 76 1980 - 2021
Kazakhstan 0.457 77 1993 - 2021
Lebanon 0.45 78 1980 - 2021
Botswana 0.449 79 1980 - 2021
Samoa 0.448 80 1980 - 2021
Moldova 0.447 81 1992 - 2021
Serbia 0.447 82 1994 - 2021
Estonia 0.444 83 1992 - 2021
Morocco 0.433 84 1980 - 2021
Greece 0.43 85 1982 - 2021
Bhutan 0.428 86 1982 - 2021
Fiji 0.426 87 1980 - 2021
Belize 0.419 88 1980 - 2021
Nepal 0.417 89 1980 - 2021
Turkey 0.417 90 1985 - 2021
Vietnam 0.413 91 1992 - 2021
Cambodia 0.41 92 1993 - 2021
Indonesia 0.41 93 1980 - 2021
Maldives 0.41 94 1980 - 2021
Oman 0.41 95 1980 - 2021
Guatemala 0.409 96 1980 - 2021
Tunisia 0.405 97 1980 - 2021
St. Vincent & ... 0.397 98 1980 - 2021
Albania 0.391 99 1992 - 2021
El Salvador 0.39 100 1980 - 2021
Dominica 0.388 101 1980 - 2021
Vanuatu 0.385 102 1980 - 2021
Latvia 0.382 103 1993 - 2021
Philippines 0.38 104 1980 - 2021
Argentina 0.379 105 1980 - 2021
Ukraine 0.37 106 1992 - 2021
UA Emirates 0.368 107 1980 - 2021
Lithuania 0.358 108 1993 - 2021
Suriname 0.35 109 1980 - 2021
Saudi Arabia 0.349 110 1980 - 2021
Swaziland 0.348 111 1980 - 2021
Bahrain 0.346 112 1980 - 2021
Domin. Rep. 0.344 113 1980 - 2021
Honduras 0.342 114 1980 - 2021
Sri Lanka 0.342 115 1980 - 2021
Paraguay 0.322 116 1980 - 2021
Egypt 0.318 117 1980 - 2021
Belarus 0.308 118 1993 - 2021
Ecuador 0.308 119 1980 - 2021
Pakistan 0.291 120 1980 - 2021
Azerbaijan 0.288 121 1992 - 2021
Bangladesh 0.287 122 1980 - 2021
Lesotho 0.286 123 1980 - 2021
Kenya 0.285 124 1980 - 2021
Guyana 0.283 125 1980 - 2021
Rwanda 0.28 126 1980 - 2021
Algeria 0.275 127 1980 - 2021
Djibouti 0.273 128 1987 - 2021
Venezuela 0.271 129 1980 - 2021
Nicaragua 0.268 130 1980 - 2021
Papua N.G. 0.261 131 1980 - 2021
Kyrgyzstan 0.259 132 1995 - 2021
Mauritania 0.256 133 1980 - 2021
Libya 0.251 134 1980 - 2021
Angola 0.249 135 1995 - 2021
Togo 0.249 136 1980 - 2021
Ghana 0.246 137 1980 - 2021
Laos 0.246 138 1989 - 2021
Burma 0.245 139 1980 - 2021
Burkina Faso 0.244 140 1980 - 2021
S.T.&Principe 0.239 141 1993 - 2021
Syria 0.239 142 1980 - 2021
Mali 0.238 143 1980 - 2021
Burundi 0.237 144 1980 - 2021
Nigeria 0.236 145 1980 - 2021
Gabon 0.228 146 1980 - 2021
Senegal 0.222 147 1980 - 2021
Ethiopia 0.217 148 1980 - 2021
Sudan 0.211 149 1980 - 2021
Gambia 0.21 150 1980 - 2021
Niger 0.21 151 1980 - 2021
Mozambique 0.208 152 1990 - 2021
Benin 0.207 153 1980 - 2021
Tajikistan 0.206 154 1998 - 2021
Madagascar 0.205 155 1980 - 2021
Zambia 0.205 156 1980 - 2021
Ivory Coast 0.204 157 1982 - 2021
Uganda 0.201 158 1980 - 2021
Guinea 0.197 159 1989 - 2021
Cameroon 0.196 160 1980 - 2021
Kiribati 0.195 161 1997 - 2021
Solomon Isl. 0.195 162 1980 - 2021
Haiti 0.192 163 1980 - 2021
Tanzania 0.189 164 1980 - 2021
Turkmenistan 0.188 165 1998 - 2021
G.-Bissau 0.187 166 1990 - 2021
Malawi 0.186 167 1980 - 2021
Yemen 0.181 168 1988 - 2021
Eritrea 0.174 169 1995 - 2021
R. of Congo 0.165 170 1980 - 2021
Eq. Guinea 0.164 171 1985 - 2021
Liberia 0.133 172 1981 - 2021
Sierra Leone 0.133 173 1980 - 2021
DR Congo 0.13 174 1993 - 2021
Micronesia 0.112 175 1995 - 2021
Comoros 0.111 176 1982 - 2021
Chad 0.108 177 1980 - 2021
C.A. Republic 0.081 178 1980 - 2021



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.

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