Latvia vs North Macedonia: Financial Institutions Depth Index

Latvia
0.2126
in 2020
North Macedonia
0.2196
in 2020
Latvia rank
83rd
North Macedonia rank
81st

Financial Institutions Depth Index over time

  • Latvia
  • North Macedonia
00.10.20.3198020002020

How they compare

North Macedonia currently reports 0.2196 against 0.2126 in Latvia, a difference of 0.007.

The two have swapped places 2 times across 41 shared years of data; in 1980 it was North Macedonia ahead.

Latvia ranks 83rd and North Macedonia ranks 81st of 183 countries.

Across the 5 decades both report, Latvia averaged higher in 2 and North Macedonia in 2.

Head to head by decade

Decade Latvia North Macedonia Difference Ahead
1980s 0 0 0 β€”
1990s 0.0449 0.1382 0.0933 North Macedonia
2000s 0.1457 0.1172 0.0285 Latvia
2010s 0.2085 0.1761 0.0324 Latvia
2020s 0.2126 0.2196 0.0071 North Macedonia

Averages of every year both report within each decade.

Frequently asked questions

Which has higher financial institutions depth index, Latvia or North Macedonia?
North Macedonia, at 0.2196 against 0.2126 in Latvia as of 2020.
What is the difference in financial institutions depth index between Latvia and North Macedonia?
0.007, with North Macedonia ahead.
How many years of comparable data are there for Latvia and North Macedonia?
41 years are reported by both, from 1980 to 2020.
How do Latvia and North Macedonia rank globally for financial institutions depth index?
Latvia ranks 83rd and North Macedonia ranks 81st of 183 countries.
Where does this data come from?
International Monetary Fund, published as Financial Institutions Depth Index. Statizoid refreshes it automatically from the source and publishes the full history for both places.

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Latvia vs North Macedonia: Financial Institutions Depth Index. Statizoid, drawing on International Monetary Fund. Retrieved 21 August 2026, from https://financial-sector.statizoid.com/compare/financial-institutions-depth-index/latvia/north-macedonia/

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About this data

Indicator
Financial Institutions Depth Index
Source
International Monetary Fund
Licence
IMF Terms and Conditions (attribution required)
Coverage
192 places, 7,872 data points, 1980–2020
Last refreshed

The dataset contains nine indices that summarize how developed financial institutions and financial markets are in terms of their depth, access, and efficiency. These indices are aggregated into an overall index of financial development. With the coverage of over 180 countries on annual frequency from 1980 onwards, the database should offer a useful analytical tool for researchers and policy makers.