Financial Development Index in Albania
Albania: Financial Development Index was 0.1943 in 2020. β Volatile
Financial Development Index in Albania, 1980β2020
Source: International Monetary Fund.
Analysis
In 2020, financial development index in Albania stood at 0.1943.
The figure is up 1.5% on the previous year and down 1.6% over ten years.
Over the whole period, financial development index in Albania peaked at 0.201 in 2014 and was at its lowest, 0, in 1980.
That places Albania 116th out of 183 countries with data for 2020, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 0 | 0 | 0 | 10 |
| 1990s | 0.0894 | 0 | 0.1385 | 10 |
| 2000s | 0.1351 | 0.0982 | 0.1929 | 10 |
| 2010s | 0.1954 | 0.1854 | 0.201 | 10 |
| 2020s | 0.1943 | 0.1943 | 0.1943 | 1 |
Countries ranked near Albania
More financial sector data for Albania
- Net domestic credit (current LCU), per capita 558,173 current LCU per person (2024)
- Net domestic credit (current LCU), per unit of GDP 49.07 current LCU per US$ of GDP (2024)
- Net domestic credit (current LCU), annual growth rate 8.89 % change on previous year (2024)
- Gold reserves at 35 SDRs per ounce 4.20 million SDR (2025)
- Gold reserves at market value 382.72 million SDR (2025)
- Reserves excluding gold, foreign exchange 5.67 billion SDR (2025)
- Reserves excluding gold 5.90 billion SDR (2025)
- Total reserves (gold at market value) 6.28 billion SDR (2025)
- Total reserves (gold at national valuation) 6.27 billion SDR (2025)
- Domestic credit to private sector by banks 31.5% (2024)
Frequently asked questions
- What is financial development index in Albania?
- Financial development index in Albania was 0.1943 in 2020, according to International Monetary Fund.
- What is the highest financial development index recorded in Albania?
- The highest recorded value was 0.201 in 2014.
- What is the lowest financial development index recorded in Albania?
- The lowest recorded value was 0 in 1980.
- How does Albania rank for financial development index?
- Albania ranks 116th out of 183 countries with data for 2020.
- Is financial development index rising or falling in Albania?
- Over the last ten years it is down 1.6%. The long-run trend across the full record is volatile.
- Where does this Albania 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
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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.