Armenia: Financial institutions development, depth

* indicates monthly or quarterly data series
 Armenia

Financial institutions development, depth

 Latest value 0.165
 Year 2021
 Measure index points
 Data availability 1993 - 2021
 Average 0.066
 Min - Max 0.019 - 0.180
 Source International Monetary Fund
 Available for Data download
The latest value from 2021 is 0.165 index points, a decline from 0.18 index points in 2020. In comparison, the world average is 0.291 index points, based on data from 175 countries. Historically, the average for Armenia from 1993 to 2021 is 0.066 index points. The minimum value, 0.019 index points, was reached in 1996 while the maximum of 0.18 index points was recorded in 2020. See the global rankings for that indicator or use the country comparator to compare trends over time.
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 Recent values Armenia: Financial institutions development, depth
 2021 0.165
 2020 0.180
 2019 0.145
 2018 0.130
 2017 0.121
 2016 0.111
 2015 0.102
 2014 0.107




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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 Related indicators Latest Reference Measure
 Financial development 0.262 2021 index points
 Financial institutions development 0.491 2021 index points
 Financial institutions development, depth 0.165 2021 index points
 Financial institutions development, access 0.580 2021 index points
 Financial institutions development, efficiency 0.628 2021 index points
 Financial markets development 0.023 2021 index points
 Financial markets development, depth 0.030 2021 index points
 Financial markets development, access 0.037 2021 index points
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