Venezuela: Financial institutions development, depth

* indicates monthly or quarterly data series
 Venezuela

Financial institutions development, depth

 Latest value 0.068
 Year 2021
 Measure index points
 Data availability 1980 - 2021
 Average 0.096
 Min - Max 0.055 - 0.191
 Source International Monetary Fund
 Available for Data download
The latest value from 2021 is 0.068 index points, unchanged from 0.068 index points in 2020. In comparison, the world average is 0.291 index points, based on data from 175 countries. Historically, the average for Venezuela from 1980 to 2021 is 0.096 index points. The minimum value, 0.055 index points, was reached in 1996 while the maximum of 0.191 index points was recorded in 2015. See the global rankings for that indicator or use the country comparator to compare trends over time.
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 Recent values Venezuela: Financial institutions development, depth
 2021 0.068
 2020 0.068
 2019 0.075
 2018 0.085
 2017 0.086
 2016 0.141
 2015 0.191
 2014 0.174




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 0.239 2021 index points
 Financial institutions development 0.271 2021 index points
 Financial institutions development, depth 0.068 2021 index points
 Financial institutions development, access 0.407 2021 index points
 Financial institutions development, efficiency 0.246 2021 index points
 Financial markets development 0.197 2021 index points
 Financial markets development, depth 0.490 2021 index points
 Financial markets development, access 0.008 2021 index points
 Financial markets development, efficiency 0.028 2021 index points
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