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

Nigeria, at 0.591 against 0.5855 in Guinea as of 2020.

How many years of comparable data are there for Guinea 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.

Guinea vs Nigeria: Financial Institutions Efficiency Index

Guinea

0.5855

in 2020

Nigeria

0.591

in 2020

Guinea rank

92nd

Nigeria rank

89th

Financial Institutions Efficiency Index over time

Guinea
Nigeria

How they compare

Nigeria currently reports 0.591 against 0.5855 in Guinea, a difference of 0.0055.

The two have swapped places 14 times across 41 shared years of data; in 1980 it was Nigeria ahead.

Guinea ranks 92nd and Nigeria ranks 89th of 183 countries.

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

Head to head by decade

Decade	Guinea	Nigeria	Difference	Ahead
1980s	0.081	0.628	0.547	Nigeria
1990s	0.6103	0.465	0.1453	Guinea
2000s	0.4494	0.4872	0.0378	Nigeria
2010s	0.4947	0.5163	0.0216	Nigeria
2020s	0.5855	0.591	0.0055	Nigeria

Averages of every year both report within each decade.

Frequently asked questions

Which has higher financial institutions efficiency index, Guinea or Nigeria?: Nigeria, at 0.591 against 0.5855 in Guinea as of 2020.
What is the difference in financial institutions efficiency index between Guinea and Nigeria?: 0.0055, with Nigeria ahead.
How many years of comparable data are there for Guinea and Nigeria?: 41 years are reported by both, from 1980 to 2020.
How do Guinea and Nigeria rank globally for financial institutions efficiency index?: Guinea ranks 92nd 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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Guinea 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/guinea/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.