Mongolia vs Nigeria: Financial Institutions Efficiency Index
Financial Institutions Efficiency Index over time
- Mongolia
- Nigeria
How they compare
Mongolia currently reports 0.5942 against 0.591 in Nigeria, a difference of 0.0032.
The two have swapped places 7 times across 41 shared years of data; in 1980 it was Nigeria ahead.
Mongolia ranks 87th and Nigeria ranks 89th of 183 countries.
Across the 5 decades both report, Mongolia averaged higher in 3 and Nigeria in 2.
Head to head by decade
| Decade | Mongolia | Nigeria | Difference | Ahead |
|---|---|---|---|---|
| 1980s | 0 | 0.628 | 0.628 | Nigeria |
| 1990s | 0.3486 | 0.465 | 0.1165 | Nigeria |
| 2000s | 0.515 | 0.4872 | 0.0277 | Mongolia |
| 2010s | 0.6458 | 0.5163 | 0.1295 | Mongolia |
| 2020s | 0.5942 | 0.591 | 0.0032 | Mongolia |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher financial institutions efficiency index, Mongolia or Nigeria?
- Mongolia, at 0.5942 against 0.591 in Nigeria as of 2020.
- What is the difference in financial institutions efficiency index between Mongolia and Nigeria?
- 0.0032, with Mongolia ahead.
- How many years of comparable data are there for Mongolia and Nigeria?
- 41 years are reported by both, from 1980 to 2020.
- How do Mongolia and Nigeria rank globally for financial institutions efficiency index?
- Mongolia ranks 87th 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.
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.