Financial institutions development, depth - Country rankings

* indicates monthly or quarterly data series

Financial institutions development, depth, 2021:

The average for 2021 based on 175 countries was 0.291 index points. The highest value was in Denmark: 1 index points and the lowest value was in Guinea: 0.019 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, depth, 2021 Global rank Available data
Denmark 1 1 1980 - 2021
Hong Kong 1 2 1980 - 2021
Singapore 1 3 1980 - 2021
UK 1 4 1980 - 2021
Sweden 0.999 5 1980 - 2021
Canada 0.974 6 1980 - 2021
Switzerland 0.949 7 1980 - 2021
Namibia 0.863 8 1990 - 2021
Australia 0.86 9 1980 - 2021
South Korea 0.859 10 1980 - 2021
Finland 0.815 11 1980 - 2021
Malaysia 0.814 12 1980 - 2021
France 0.804 13 1980 - 2021
USA 0.804 14 1980 - 2021
Netherlands 0.783 15 1980 - 2021
New Zealand 0.774 16 1980 - 2021
Belgium 0.76 17 1980 - 2021
Iceland 0.74 18 1980 - 2021
Austria 0.731 19 1980 - 2021
Tr.&Tobago 0.73 20 1980 - 2021
Jamaica 0.701 21 1980 - 2021
Japan 0.692 22 1980 - 2021
Bolivia 0.691 23 1980 - 2021
Norway 0.691 24 1980 - 2021
Barbados 0.669 25 1980 - 2021
Malta 0.658 26 1980 - 2021
Israel 0.644 27 1980 - 2021
Germany 0.642 28 1980 - 2021
South Africa 0.639 29 1980 - 2021
Ireland 0.638 30 1980 - 2021
Luxembourg 0.625 31 1980 - 2021
Thailand 0.625 32 1980 - 2021
Chile 0.615 33 1980 - 2021
Macao 0.577 34 1984 - 2021
Spain 0.564 35 1980 - 2021
Italy 0.539 36 1980 - 2021
Brazil 0.509 37 1980 - 2021
Portugal 0.489 38 1980 - 2021
China 0.486 39 1982 - 2021
Cyprus 0.452 40 1980 - 2021
Mauritius 0.413 41 1980 - 2021
Botswana 0.411 42 1980 - 2021
India 0.389 43 1980 - 2021
Saint Lucia 0.388 44 1980 - 2021
Costa Rica 0.379 45 1980 - 2021
El Salvador 0.371 46 1980 - 2021
Grenada 0.37 47 1980 - 2021
Croatia 0.366 48 1992 - 2021
Colombia 0.361 49 1980 - 2021
Jordan 0.36 50 1980 - 2021
Ant.& Barb. 0.356 51 1980 - 2021
Bahrain 0.355 52 1980 - 2021
Vietnam 0.344 53 1992 - 2021
Slovakia 0.325 54 1991 - 2021
Bahamas 0.314 55 1980 - 2021
Aruba 0.305 56 1986 - 2021
Qatar 0.3 57 1980 - 2021
Fiji 0.299 58 1980 - 2021
Hungary 0.286 59 1982 - 2021
Czechia 0.285 60 1990 - 2021
Slovenia 0.283 61 1992 - 2021
Cambodia 0.282 62 1993 - 2021
Uruguay 0.282 63 1980 - 2021
Mexico 0.277 64 1980 - 2021
Estonia 0.274 65 1992 - 2021
Lesotho 0.269 66 1980 - 2021
Morocco 0.262 67 1980 - 2021
St. Vincent & ... 0.258 68 1980 - 2021
Dominica 0.256 69 1980 - 2021
Bulgaria 0.25 70 1988 - 2021
Peru 0.248 71 1980 - 2021
Lebanon 0.245 72 1980 - 2021
Panama 0.243 73 1980 - 2021
Nepal 0.238 74 1980 - 2021
Kuwait 0.237 75 1980 - 2021
Rwanda 0.237 76 1980 - 2021
Belize 0.234 77 1980 - 2021
North Macedonia 0.23 78 1992 - 2021
Poland 0.229 79 1980 - 2021
UA Emirates 0.225 80 1980 - 2021
Philippines 0.215 81 1980 - 2021
Greece 0.214 82 1982 - 2021
Latvia 0.204 83 1993 - 2021
Lithuania 0.203 84 1993 - 2021
Iran 0.2 85 1980 - 2021
Russia 0.198 86 1990 - 2021
Tunisia 0.194 87 1980 - 2021
Bosnia & Herz. 0.188 88 1995 - 2021
Argentina 0.187 89 1980 - 2021
Cape Verde 0.187 90 1980 - 2021
Honduras 0.184 91 1980 - 2021
Georgia 0.182 92 1994 - 2021
Kenya 0.182 93 1980 - 2021
Maldives 0.17 94 1980 - 2021
Oman 0.17 95 1980 - 2021
Saudi Arabia 0.17 96 1980 - 2021
Armenia 0.165 97 1993 - 2021
Swaziland 0.164 98 1980 - 2021
Indonesia 0.162 99 1980 - 2021
Domin. Rep. 0.161 100 1980 - 2021
Serbia 0.158 101 1994 - 2021
Ecuador 0.157 102 1980 - 2021
Sri Lanka 0.147 103 1980 - 2021
Kazakhstan 0.145 104 1993 - 2021
Suriname 0.144 105 1980 - 2021
Seychelles 0.143 106 1980 - 2021
Paraguay 0.142 107 1980 - 2021
Bhutan 0.141 108 1982 - 2021
Malawi 0.141 109 1980 - 2021
Romania 0.137 110 1980 - 2021
Papua N.G. 0.133 111 1980 - 2021
Brunei 0.13 112 1994 - 2021
Albania 0.125 113 1992 - 2021
Vanuatu 0.118 114 1980 - 2021
Guatemala 0.116 115 1980 - 2021
Uganda 0.109 116 1980 - 2021
Mongolia 0.107 117 1991 - 2021
Samoa 0.107 118 1980 - 2021
Burundi 0.104 119 1980 - 2021
Mozambique 0.104 120 1990 - 2021
Senegal 0.103 121 1980 - 2021
Nicaragua 0.102 122 1980 - 2021
Burkina Faso 0.101 123 1980 - 2021
Togo 0.098 124 1980 - 2021
Bangladesh 0.097 125 1980 - 2021
Ghana 0.09 126 1980 - 2021
Guyana 0.085 127 1980 - 2021
Uzbekistan 0.084 128 1993 - 2021
Egypt 0.083 129 1980 - 2021
Tanzania 0.079 130 1980 - 2021
Tonga 0.079 131 1980 - 2021
Belarus 0.078 132 1993 - 2021
Djibouti 0.078 133 1987 - 2021
Algeria 0.075 134 1980 - 2021
Burma 0.075 135 1980 - 2021
Nigeria 0.074 136 1980 - 2021
Mali 0.072 137 1980 - 2021
Moldova 0.072 138 1992 - 2021
Madagascar 0.071 139 1980 - 2021
Azerbaijan 0.068 140 1992 - 2021
Venezuela 0.068 141 1980 - 2021
Ukraine 0.066 142 1992 - 2021
Eritrea 0.065 143 1995 - 2021
Pakistan 0.065 144 1980 - 2021
Turkey 0.065 145 1985 - 2021
Laos 0.063 146 1989 - 2021
Zambia 0.06 147 1980 - 2021
R. of Congo 0.058 148 1980 - 2021
Gabon 0.057 149 1980 - 2021
Kyrgyzstan 0.057 150 1995 - 2021
Libya 0.055 151 1980 - 2021
Cameroon 0.054 152 1980 - 2021
Mauritania 0.054 153 1980 - 2021
Benin 0.051 154 1980 - 2021
Ethiopia 0.048 155 1980 - 2021
Micronesia 0.045 156 1995 - 2021
Syria 0.044 157 1980 - 2021
Gambia 0.039 158 1980 - 2021
Solomon Isl. 0.039 159 1980 - 2021
Tajikistan 0.039 160 1998 - 2021
Angola 0.038 161 1995 - 2021
Haiti 0.038 162 1980 - 2021
Niger 0.038 163 1980 - 2021
Ivory Coast 0.036 164 1982 - 2021
Sierra Leone 0.034 165 1980 - 2021
C.A. Republic 0.033 166 1980 - 2021
G.-Bissau 0.033 167 1990 - 2021
Comoros 0.032 168 1982 - 2021
DR Congo 0.031 169 1993 - 2021
Sudan 0.031 170 1980 - 2021
Chad 0.03 171 1980 - 2021
Liberia 0.028 172 1981 - 2021
Eq. Guinea 0.024 173 1985 - 2021
Yemen 0.021 174 1988 - 2021
Guinea 0.019 175 1989 - 2021



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.

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All articles

1. Denmark
2. Hong Kong
3. Singapore
4. UK
5. Sweden
6. Canada
7. Switzerland
8. Namibia
9. Australia
10. South Korea
11. Finland
12. Malaysia
13. France
14. USA
15. Netherlands
16. New Zealand
17. Belgium
18. Iceland
19. Austria
20. Tr.&Tobago
21. Jamaica
22. Japan
23. Bolivia
24. Norway
25. Barbados
26. Malta
27. Israel
28. Germany
29. South Africa
30. Ireland
31. Luxembourg
32. Thailand
33. Chile
34. Macao
35. Spain
36. Italy
37. Brazil
38. Portugal
39. China
40. Cyprus
41. Mauritius
42. Botswana
43. India
44. Saint Lucia
45. Costa Rica
46. El Salvador
47. Grenada
48. Croatia
49. Colombia
50. Jordan
51. Ant.& Barb.
52. Bahrain
53. Vietnam
54. Slovakia
55. Bahamas
56. Aruba
57. Qatar
58. Fiji
59. Hungary
60. Czechia
61. Slovenia
62. Cambodia
63. Uruguay
64. Mexico
65. Estonia
66. Lesotho
67. Morocco
68. St. Vincent & ...
69. Dominica
70. Bulgaria
71. Peru
72. Lebanon
73. Panama
74. Nepal
75. Kuwait
76. Rwanda
77. Belize
78. North Macedonia
79. Poland
80. UA Emirates
81. Philippines
82. Greece
83. Latvia
84. Lithuania
85. Iran
86. Russia
87. Tunisia
88. Bosnia & Herz.
89. Argentina
90. Cape Verde
91. Honduras
92. Georgia
93. Kenya
94. Maldives
95. Oman
96. Saudi Arabia
97. Armenia
98. Swaziland
99. Indonesia
100. Domin. Rep.
101. Serbia
102. Ecuador
103. Sri Lanka
104. Kazakhstan
105. Suriname
106. Seychelles
107. Paraguay
108. Bhutan
109. Malawi
110. Romania
111. Papua N.G.
112. Brunei
113. Albania
114. Vanuatu
115. Guatemala
116. Uganda
117. Mongolia
118. Samoa
119. Burundi
120. Mozambique
121. Senegal
122. Nicaragua
123. Burkina Faso
124. Togo
125. Bangladesh
126. Ghana
127. Guyana
128. Uzbekistan
129. Egypt
130. Tanzania
131. Tonga
132. Belarus
133. Djibouti
134. Algeria
135. Burma
136. Nigeria
137. Mali
138. Moldova
139. Madagascar
140. Azerbaijan
141. Venezuela
142. Ukraine
143. Eritrea
144. Pakistan
145. Turkey
146. Laos
147. Zambia
148. R. of Congo
149. Gabon
150. Kyrgyzstan
151. Libya
152. Cameroon
153. Mauritania
154. Benin
155. Ethiopia
156. Micronesia
157. Syria
158. Gambia
159. Solomon Isl.
160. Tajikistan
161. Angola
162. Haiti
163. Niger
164. Ivory Coast
165. Sierra Leone
166. C.A. Republic
167. G.-Bissau
168. Comoros
169. DR Congo
170. Sudan
171. Chad
172. Liberia
173. Eq. Guinea
174. Yemen
175. Guinea
1.000
1.000
1.000
1.000
0.999
0.974
0.949
0.863
0.860
0.859
0.815
0.814
0.804
0.804
0.783
0.774
0.760
0.740
0.731
0.730
0.701
0.692
0.691
0.691
0.669
0.658
0.644
0.642
0.639
0.638
0.625
0.625
0.615
0.577
0.564
0.539
0.509
0.489
0.486
0.452
0.413
0.411
0.389
0.388
0.379
0.371
0.370
0.366
0.361
0.360
0.356
0.355
0.344
0.325
0.314
0.305
0.300
0.299
0.286
0.285
0.283
0.282
0.282
0.277
0.274
0.269
0.262
0.258
0.256
0.250
0.248
0.245
0.243
0.238
0.237
0.237
0.234
0.230
0.229
0.225
0.215
0.214
0.204
0.203
0.200
0.198
0.194
0.188
0.187
0.187
0.184
0.182
0.182
0.170
0.170
0.170
0.165
0.164
0.162
0.161
0.158
0.157
0.147
0.145
0.144
0.143
0.142
0.141
0.141
0.137
0.133
0.130
0.125
0.118
0.116
0.109
0.107
0.107
0.104
0.104
0.103
0.102
0.101
0.098
0.097
0.090
0.085
0.084
0.083
0.079
0.079
0.078
0.078
0.075
0.075
0.074
0.072
0.072
0.071
0.068
0.068
0.066
0.065
0.065
0.065
0.063
0.060
0.058
0.057
0.057
0.055
0.054
0.054
0.051
0.048
0.045
0.044
0.039
0.039
0.039
0.038
0.038
0.038
0.036
0.034
0.033
0.033
0.032
0.031
0.031
0.030
0.028
0.024
0.021
0.019
0
0.3
0.5
0.8
1


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