Financial institutions development, depth - Country rankings
* indicates monthly or quarterly data series
Financial institutions development, depth, 2021:
The average for 2021 based on 40 countries was 0.453 index points. The highest value was in Denmark: 1 index points and the lowest value was in Turkey: 0.065 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
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* indicates monthly or quarterly data series
| Countries | Financial institutions development, depth, 2021 | Global rank | Available data |
|---|---|---|---|
| Denmark | 1 | 1 | 1980 - 2021 |
| UK | 1 | 2 | 1980 - 2021 |
| Sweden | 0.999 | 3 | 1980 - 2021 |
| Switzerland | 0.949 | 4 | 1980 - 2021 |
| Finland | 0.815 | 5 | 1980 - 2021 |
| France | 0.804 | 6 | 1980 - 2021 |
| Netherlands | 0.783 | 7 | 1980 - 2021 |
| Belgium | 0.76 | 8 | 1980 - 2021 |
| Iceland | 0.74 | 9 | 1980 - 2021 |
| Austria | 0.731 | 10 | 1980 - 2021 |
| Norway | 0.691 | 11 | 1980 - 2021 |
| Malta | 0.658 | 12 | 1980 - 2021 |
| Germany | 0.642 | 13 | 1980 - 2021 |
| Ireland | 0.638 | 14 | 1980 - 2021 |
| Luxembourg | 0.625 | 15 | 1980 - 2021 |
| Spain | 0.564 | 16 | 1980 - 2021 |
| Italy | 0.539 | 17 | 1980 - 2021 |
| Portugal | 0.489 | 18 | 1980 - 2021 |
| Cyprus | 0.452 | 19 | 1980 - 2021 |
| Croatia | 0.366 | 20 | 1992 - 2021 |
| Slovakia | 0.325 | 21 | 1991 - 2021 |
| Hungary | 0.286 | 22 | 1982 - 2021 |
| Czechia | 0.285 | 23 | 1990 - 2021 |
| Slovenia | 0.283 | 24 | 1992 - 2021 |
| Estonia | 0.274 | 25 | 1992 - 2021 |
| Bulgaria | 0.25 | 26 | 1988 - 2021 |
| North Macedonia | 0.23 | 27 | 1992 - 2021 |
| Poland | 0.229 | 28 | 1980 - 2021 |
| Greece | 0.214 | 29 | 1982 - 2021 |
| Latvia | 0.204 | 30 | 1993 - 2021 |
| Lithuania | 0.203 | 31 | 1993 - 2021 |
| Russia | 0.198 | 32 | 1990 - 2021 |
| Bosnia & Herz. | 0.188 | 33 | 1995 - 2021 |
| Serbia | 0.158 | 34 | 1994 - 2021 |
| Romania | 0.137 | 35 | 1980 - 2021 |
| Albania | 0.125 | 36 | 1992 - 2021 |
| Belarus | 0.078 | 37 | 1993 - 2021 |
| Moldova | 0.072 | 38 | 1992 - 2021 |
| Ukraine | 0.066 | 39 | 1992 - 2021 |
| Turkey | 0.065 | 40 | 1985 - 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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1.000
1.000
0.999
0.949
0.815
0.804
0.783
0.760
0.740
0.731
0.691
0.658
0.642
0.638
0.625
0.564
0.539
0.489
0.452
0.366
0.325
0.286
0.285
0.283
0.274
0.250
0.230
0.229
0.214
0.204
0.203
0.198
0.188
0.158
0.137
0.125
0.078
0.072
0.066
0.065
0
0.3
0.5
0.8
1
Financial institutions development, depth around the world Financial institutions development, depth in Asia Financial institutions development, depth in Africa Financial institutions development, depth in North America Financial institutions development, depth in South America Financial institutions development, depth in Australia/Oceania Financial institutions development, depth in the European union Financial institutions development, depth in Sub Sahara Africa Financial institutions development, depth in MENA Financial institutions development, depth in South East Asia Financial institutions development, depth in Latin America