Which has higher financial institutions efficiency index, Belgium or Nigeria?

Belgium, at 0.5938 against 0.591 in Nigeria as of 2020.

How many years of comparable data are there for Belgium and Nigeria?

41 years are reported by both, from 1980 to 2020.

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.

Belgium vs Nigeria: Financial Institutions Efficiency Index

Belgium

0.5938

in 2020

Nigeria

0.591

in 2020

Belgium rank

88th

Nigeria rank

89th

Financial Institutions Efficiency Index over time

Belgium
Nigeria

How they compare

Belgium currently reports 0.5938 against 0.591 in Nigeria, a difference of 0.0028.

The two have swapped places 1 time across 41 shared years of data; in 1980 it was Nigeria ahead.

Belgium ranks 88th and Nigeria ranks 89th of 183 countries.

Across the 5 decades both report, Belgium averaged higher in 4 and Nigeria in 1.

Head to head by decade

Decade	Belgium	Nigeria	Difference	Ahead
1980s	0.4408	0.628	0.1872	Nigeria
1990s	0.5994	0.465	0.1344	Belgium
2000s	0.6254	0.4872	0.1382	Belgium
2010s	0.6131	0.5163	0.0968	Belgium
2020s	0.5938	0.591	0.0028	Belgium

Averages of every year both report within each decade.

Frequently asked questions

Which has higher financial institutions efficiency index, Belgium or Nigeria?: Belgium, at 0.5938 against 0.591 in Nigeria as of 2020.
What is the difference in financial institutions efficiency index between Belgium and Nigeria?: 0.0028, with Belgium ahead.
How many years of comparable data are there for Belgium and Nigeria?: 41 years are reported by both, from 1980 to 2020.
How do Belgium and Nigeria rank globally for financial institutions efficiency index?: Belgium ranks 88th and Nigeria ranks 89th 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.

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Belgium vs Nigeria: Financial Institutions Efficiency Index. Statizoid, drawing on International Monetary Fund. Retrieved 19 August 2026, from https://financial-sector.statizoid.com/compare/financial-institutions-efficiency-index/belgium/nigeria/

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About this data

Indicator: Financial Institutions Efficiency Index
Source: International Monetary Fund
Licence: IMF Terms and Conditions (attribution required)
Coverage: 192 places, 7,872 data points, 1980–2020
Last refreshed: 19 August 2026

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.