Financial Development Index in Canada
Canada: Financial Development Index was 0.8485 in 2020. β² Rising
Financial Development Index in Canada, 1980β2020
Source: International Monetary Fund.
Analysis
The most recent figure for financial development index in Canada is 0.8485, measured in 2020.
Compared with earlier readings it is down 5.3% on the previous year and down 2.5% over ten years.
Over the whole period, financial development index in Canada peaked at 0.9188 in 2018 and was at its lowest, 0.3646, in 1983.
That places Canada 6th out of 183 countries with data for 2020, putting it in the top 10%.
The long-run direction has been consistently rising across the 41 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 0.4175 | 0.3646 | 0.4768 | 10 |
| 1990s | 0.5809 | 0.4433 | 0.7132 | 10 |
| 2000s | 0.792 | 0.7027 | 0.9097 | 10 |
| 2010s | 0.8998 | 0.8706 | 0.9188 | 10 |
| 2020s | 0.8485 | 0.8485 | 0.8485 | 1 |
Countries ranked near Canada
- 3 Australia 0.9076 compare
- 4 United States 0.9076 compare
- 5 United Kingdom 0.8908 compare
- 7 Republic of Korea 0.8316 compare
- 8 Spain 0.8267 compare
- 9 France 0.801 compare
More financial sector data for Canada
- Net domestic credit (current LCU), per capita 85,674 current LCU per person (2008)
- Net domestic credit (current LCU), per unit of GDP 1.83 current LCU per US$ of GDP (2008)
- Net domestic credit (current LCU), annual growth rate 20.77 % change on previous year (2008)
- Gold reserves at 35 SDRs per ounce 0 SDR (2025)
- Gold reserves at market value 0 SDR (2025)
- Reserves excluding gold, foreign exchange 71.85 billion SDR (2025)
- Reserves excluding gold 91.73 billion SDR (2025)
- Total reserves (gold at market value) 91.73 billion SDR (2025)
- Total reserves (gold at national valuation) 91.73 billion SDR (2025)
- Total reserves (gold at national valuation) (SDR), per capita 2,202 SDR per person (2025)
Frequently asked questions
- What is financial development index in Canada?
- Financial development index in Canada was 0.8485 in 2020, according to International Monetary Fund.
- What is the highest financial development index recorded in Canada?
- The highest recorded value was 0.9188 in 2018.
- What is the lowest financial development index recorded in Canada?
- The lowest recorded value was 0.3646 in 1983.
- How does Canada rank for financial development index?
- Canada ranks 6th out of 183 countries with data for 2020.
- Is financial development index rising or falling in Canada?
- Over the last ten years it is down 2.5%. The long-run trend across the full record is rising.
- Where does this Canada 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.