Financial Development Index in Africa
Africa: Financial Development Index was 0.1561 in 2020. β² Rising
Financial Development Index in Africa, 1980β2020
Source: International Monetary Fund.
Analysis
In 2020, financial development index in Africa stood at 0.1561. That is the highest value across all 41 years on record.
Compared with earlier readings it is up 1.5% on the previous year and up 10.0% over ten years.
Over the whole period, financial development index in Africa peaked at 0.1561 in 2020 and was at its lowest, 0.0901, in 1984.
The long-run direction has been consistently rising across the 41 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 0.0924 | 0.0901 | 0.0959 | 10 |
| 1990s | 0.1099 | 0.1003 | 0.1227 | 10 |
| 2000s | 0.1222 | 0.1134 | 0.1372 | 10 |
| 2010s | 0.1493 | 0.1418 | 0.1556 | 10 |
| 2020s | 0.1561 | 0.1561 | 0.1561 | 1 |
Countries ranked near Africa
More financial sector data for Africa
- Financial Institutions Access Index 0.1373 (2020)
- Financial Institutions Depth Index 0.1313 (2020)
- Financial Institutions Efficiency Index 0.5125 (2020)
- Financial Institutions Index 0.2479 (2020)
- Financial Markets Access Index 0.0681 (2020)
- Financial Markets Depth Index 0.0853 (2020)
- Financial Markets Efficiency Index 0.0145 (2020)
- Financial Markets Index 0.0586 (2020)
- Total reserves includes gold 27.4% (2011)
- Claims on governments and other public entities 1.23 billion current LCU (2007)
Frequently asked questions
- What is financial development index in Africa?
- Financial development index in Africa was 0.1561 in 2020, according to International Monetary Fund.
- What is the highest financial development index recorded in Africa?
- The highest recorded value was 0.1561 in 2020.
- What is the lowest financial development index recorded in Africa?
- The lowest recorded value was 0.0901 in 1984.
- How does Africa rank for financial development index?
- Africa ranks 8th out of 9 groups with data for 2020.
- Is financial development index rising or falling in Africa?
- Over the last ten years it is up 10.0%. The long-run trend across the full record is rising.
- Where does this Africa data come from?
- The figures come from International Monetary Fund, published as part of Financial Development Index. Statizoid updates them automatically from the source API.
Download this data
CSV Β· JSON β 41 observations, free to reuse under IMF Terms and Conditions (attribution required).
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.