Australia vs Latin America and the Caribbean (LAC): Financial Institutions Efficiency Index
Financial Institutions Efficiency Index over time
- Australia
- Latin America and the Caribbean (LAC)
How they compare
Australia currently reports 0.7275 against 0.5798 in Latin America and the Caribbean (LAC), a difference of 0.1477.
That makes Australia's figure about 1.3 times Latin America and the Caribbean (LAC)'s.
The two have swapped places 5 times across 41 shared years of data; in 1980 it was Latin America and the Caribbean (LAC) ahead.
Australia ranks 8th and Latin America and the Caribbean (LAC) ranks 6th of 183 countries.
Across the 5 decades both report, Australia averaged higher in 4 and Latin America and the Caribbean (LAC) in 1.
Head to head by decade
| Decade | Australia | Latin America and the Caribbean (LAC) | Difference | Ahead |
|---|---|---|---|---|
| 1980s | 0.4795 | 0.5969 | 0.1174 | Latin America and the Caribbean (LAC) |
| 1990s | 0.6299 | 0.5235 | 0.1063 | Australia |
| 2000s | 0.7066 | 0.5347 | 0.1719 | Australia |
| 2010s | 0.7531 | 0.5616 | 0.1915 | Australia |
| 2020s | 0.7275 | 0.5798 | 0.1477 | Australia |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher financial institutions efficiency index, Australia or Latin America and the Caribbean (LAC)?
- Australia, at 0.7275 against 0.5798 in Latin America and the Caribbean (LAC) as of 2020.
- What is the difference in financial institutions efficiency index between Australia and Latin America and the Caribbean (LAC)?
- 0.1477, with Australia ahead.
- How many years of comparable data are there for Australia and Latin America and the Caribbean (LAC)?
- 41 years are reported by both, from 1980 to 2020.
- How do Australia and Latin America and the Caribbean (LAC) rank globally for financial institutions efficiency index?
- Australia ranks 8th and Latin America and the Caribbean (LAC) ranks 6th of 183 countries.
- Where does this data come from?
- International Monetary Fund, published as Financial Institutions Efficiency Index. Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
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.