* indicates monthly or quarterly data series

Financial institutions development, efficiency, 2021:

The average for 2021 based on 178 countries was 0.585 index points. The highest value was in Canada: 0.799 index points and the lowest value was in Micronesia: 0.031 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, efficiency, 2021 Global rank Available data
Canada 0.799 1 1980 - 2021
New Zealand 0.78 2 1980 - 2021
Georgia 0.748 3 1994 - 2021
Australia 0.747 4 1980 - 2021
Netherlands 0.739 5 1980 - 2021
Qatar 0.737 6 1980 - 2021
China 0.733 7 1982 - 2021
Algeria 0.732 8 1980 - 2021
Vietnam 0.732 9 1992 - 2021
Japan 0.73 10 1980 - 2021
Malaysia 0.73 11 1980 - 2021
Egypt 0.726 12 1980 - 2021
Czechia 0.724 13 1990 - 2021
South Korea 0.718 14 1980 - 2021
Norway 0.717 15 1980 - 2021
Ant.& Barb. 0.715 16 1980 - 2021
Sweden 0.714 17 1980 - 2021
Israel 0.713 18 1980 - 2021
Bahrain 0.711 19 1980 - 2021
Macao 0.708 20 1984 - 2021
Maldives 0.708 21 1980 - 2021
Kuwait 0.707 22 1980 - 2021
Sri Lanka 0.705 23 1980 - 2021
USA 0.705 24 1980 - 2021
Pakistan 0.699 25 1980 - 2021
Iran 0.697 26 1980 - 2021
Singapore 0.694 27 1980 - 2021
Turkmenistan 0.694 28 1998 - 2021
Lebanon 0.691 29 1980 - 2021
Brunei 0.689 30 1994 - 2021
Oman 0.687 31 1980 - 2021
Philippines 0.687 32 1980 - 2021
Thailand 0.687 33 1980 - 2021
North Macedonia 0.686 34 1992 - 2021
Seychelles 0.684 35 1980 - 2021
Tonga 0.677 36 1980 - 2021
Syria 0.675 37 1980 - 2021
Niger 0.673 38 1980 - 2021
Bulgaria 0.67 39 1988 - 2021
Papua N.G. 0.67 40 1980 - 2021
Ethiopia 0.669 41 1980 - 2021
Romania 0.669 42 1980 - 2021
Cape Verde 0.668 43 1980 - 2021
India 0.667 44 1980 - 2021
Tr.&Tobago 0.659 45 1980 - 2021
Jordan 0.658 46 1980 - 2021
Bangladesh 0.657 47 1980 - 2021
Chile 0.657 48 1980 - 2021
Uruguay 0.656 49 1980 - 2021
South Africa 0.655 50 1980 - 2021
Hungary 0.654 51 1982 - 2021
Burkina Faso 0.653 52 1980 - 2021
Mali 0.653 53 1980 - 2021
Bosnia & Herz. 0.652 54 1995 - 2021
Mauritius 0.652 55 1980 - 2021
Albania 0.65 56 1992 - 2021
Bhutan 0.65 57 1982 - 2021
Russia 0.645 58 1990 - 2021
Panama 0.641 59 1980 - 2021
Burundi 0.639 60 1980 - 2021
Bahamas 0.635 61 1980 - 2021
Burma 0.633 62 1980 - 2021
Croatia 0.633 63 1992 - 2021
Guinea 0.63 64 1989 - 2021
Kenya 0.63 65 1980 - 2021
Armenia 0.628 66 1993 - 2021
Indonesia 0.627 67 1980 - 2021
Estonia 0.625 68 1992 - 2021
Dominica 0.623 69 1980 - 2021
Sudan 0.622 70 1980 - 2021
Guatemala 0.621 71 1980 - 2021
Ukraine 0.62 72 1992 - 2021
Guyana 0.617 73 1980 - 2021
Mexico 0.617 74 1980 - 2021
UK 0.614 75 1980 - 2021
Costa Rica 0.613 76 1980 - 2021
Swaziland 0.613 77 1980 - 2021
Togo 0.613 78 1980 - 2021
Cambodia 0.61 79 1993 - 2021
Botswana 0.607 80 1980 - 2021
Belarus 0.606 81 1993 - 2021
Moldova 0.606 82 1992 - 2021
Peru 0.606 83 1980 - 2021
Libya 0.604 84 1980 - 2021
Belgium 0.602 85 1980 - 2021
Namibia 0.602 86 1990 - 2021
Nepal 0.602 87 1980 - 2021
Paraguay 0.601 88 1980 - 2021
Djibouti 0.6 89 1987 - 2021
Bolivia 0.597 90 1980 - 2021
Hong Kong 0.596 91 1980 - 2021
Uzbekistan 0.596 92 1993 - 2021
Colombia 0.595 93 1980 - 2021
Turkey 0.594 94 1985 - 2021
Grenada 0.593 95 1980 - 2021
Saint Lucia 0.59 96 1980 - 2021
Spain 0.589 97 1980 - 2021
Benin 0.588 98 1980 - 2021
Slovakia 0.586 99 1991 - 2021
Finland 0.583 100 1980 - 2021
Angola 0.582 101 1995 - 2021
Lithuania 0.58 102 1993 - 2021
Brazil 0.579 103 1980 - 2021
Slovenia 0.577 104 1992 - 2021
Samoa 0.576 105 1980 - 2021
Barbados 0.575 106 1980 - 2021
Azerbaijan 0.574 107 1992 - 2021
Haiti 0.574 108 1980 - 2021
Mauritania 0.571 109 1980 - 2021
Kazakhstan 0.568 110 1993 - 2021
Madagascar 0.567 111 1980 - 2021
Aruba 0.563 112 1986 - 2021
Cameroon 0.563 113 1980 - 2021
France 0.563 114 1980 - 2021
Morocco 0.563 115 1980 - 2021
Nigeria 0.561 116 1980 - 2021
Rwanda 0.561 117 1980 - 2021
Suriname 0.56 118 1980 - 2021
Yemen 0.559 119 1988 - 2021
Ivory Coast 0.557 120 1982 - 2021
Malta 0.557 121 1980 - 2021
Latvia 0.556 122 1993 - 2021
Switzerland 0.556 123 1980 - 2021
Laos 0.555 124 1989 - 2021
Luxembourg 0.551 125 1980 - 2021
Zambia 0.544 126 1980 - 2021
Fiji 0.542 127 1980 - 2021
Domin. Rep. 0.54 128 1980 - 2021
Eritrea 0.54 129 1995 - 2021
Portugal 0.54 130 1980 - 2021
Italy 0.539 131 1980 - 2021
Mongolia 0.539 132 1991 - 2021
Tunisia 0.538 133 1980 - 2021
Cyprus 0.535 134 1980 - 2021
Austria 0.533 135 1980 - 2021
Serbia 0.533 136 1994 - 2021
Germany 0.532 137 1980 - 2021
Ireland 0.529 138 1980 - 2021
Jamaica 0.528 139 1980 - 2021
Nicaragua 0.526 140 1980 - 2021
Gambia 0.517 141 1980 - 2021
G.-Bissau 0.516 142 1990 - 2021
Poland 0.516 143 1980 - 2021
Kiribati 0.514 144 1997 - 2021
St. Vincent & ... 0.512 145 1980 - 2021
Senegal 0.511 146 1980 - 2021
Honduras 0.505 147 1980 - 2021
Belize 0.503 148 1980 - 2021
Denmark 0.501 149 1980 - 2021
Uganda 0.501 150 1980 - 2021
UA Emirates 0.495 151 1980 - 2021
Solomon Isl. 0.489 152 1980 - 2021
Gabon 0.488 153 1980 - 2021
Greece 0.486 154 1982 - 2021
Tanzania 0.483 155 1980 - 2021
Tajikistan 0.474 156 1998 - 2021
Mozambique 0.47 157 1990 - 2021
Ghana 0.469 158 1980 - 2021
Lesotho 0.46 159 1980 - 2021
Saudi Arabia 0.446 160 1980 - 2021
Vanuatu 0.446 161 1980 - 2021
Ecuador 0.444 162 1980 - 2021
Kyrgyzstan 0.433 163 1995 - 2021
El Salvador 0.424 164 1980 - 2021
DR Congo 0.419 165 1993 - 2021
Argentina 0.415 166 1980 - 2021
Iceland 0.414 167 1980 - 2021
Malawi 0.393 168 1980 - 2021
Sierra Leone 0.385 169 1980 - 2021
R. of Congo 0.381 170 1980 - 2021
Liberia 0.365 171 1981 - 2021
Eq. Guinea 0.359 172 1985 - 2021
Chad 0.321 173 1980 - 2021
S.T.&Principe 0.316 174 1993 - 2021
Venezuela 0.246 175 1980 - 2021
Comoros 0.234 176 1982 - 2021
C.A. Republic 0.225 177 1980 - 2021
Micronesia 0.031 178 1995 - 2021



Definition: Measures the efficiency of financial institutions. Constructed using the Principal Component methodology using the following variables: Net interest margin, Lending-deposits spread, Non-interest income to total income, Overhead costs to total assets, Return on assets, and Return on equity. See Svirydzenka, Katsiaryna (IMF, 2016) for more detail.

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