Georgia: Financial institutions development, depth

* indicates monthly or quarterly data series
 Georgia

Financial institutions development, depth

 Latest value 0.182
 Year 2021
 Measure index points
 Data availability 1994 - 2021
 Average 0.074
 Min - Max 0.012 - 0.190
 Source International Monetary Fund
 Available for Data download
The latest value from 2021 is 0.182 index points, a decline from 0.19 index points in 2020. In comparison, the world average is 0.291 index points, based on data from 175 countries. Historically, the average for Georgia from 1994 to 2021 is 0.074 index points. The minimum value, 0.012 index points, was reached in 1996 while the maximum of 0.19 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 Georgia: Financial institutions development, depth
 2021 0.182
 2020 0.190
 2019 0.156
 2018 0.143
 2017 0.128
 2016 0.124
 2015 0.113
 2014 0.111




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 0.333 2021 index points
 Financial institutions development 0.619 2021 index points
 Financial institutions development, depth 0.182 2021 index points
 Financial institutions development, access 0.787 2021 index points
 Financial institutions development, efficiency 0.748 2021 index points
 Financial markets development 0.033 2021 index points
 Financial markets development, depth 0.062 2021 index points
 Financial markets development, access 0.029 2021 index points
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