Financial Development Index in Estonia
Estonia: Financial Development Index was 0.2794 in 2020. ◆ Volatile
Financial Development Index in Estonia, 1980–2020
Source: International Monetary Fund.
Analysis
Estonia recorded 0.2794 for financial development index in 2020.
That represents a change of up 7.1% on the previous year and down 9.0% over ten years.
Over the whole period, financial development index in Estonia peaked at 0.3336 in 2007 and was at its lowest, 0, in 1980.
Estonia ranks 84th of 183 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Financial Development Index in Estonia, year by year
| Year | Value | Change |
|---|---|---|
| 1980 | 0 | — |
| 1981 | 0 | — |
| 1982 | 0 | — |
| 1983 | 0 | — |
| 1984 | 0 | — |
| 1985 | 0 | — |
| 1986 | 0 | — |
| 1987 | 0 | — |
| 1988 | 0 | — |
| 1989 | 0 | — |
| 1990 | 0 | — |
| 1991 | 0 | — |
| 1992 | 0.1663 | — |
| 1993 | 0.1753 | +5.4% |
| 1994 | 0.1808 | +3.1% |
| 1995 | 0.2007 | +11.0% |
| 1996 | 0.2041 | +1.7% |
| 1997 | 0.2283 | +11.9% |
| 1998 | 0.2112 | -7.5% |
| 1999 | 0.2186 | +3.5% |
| 2000 | 0.2302 | +5.3% |
| 2001 | 0.2445 | +6.2% |
| 2002 | 0.263 | +7.6% |
| 2003 | 0.2914 | +10.8% |
| 2004 | 0.2694 | -7.5% |
| 2005 | 0.2791 | +3.6% |
| 2006 | 0.3157 | +13.1% |
| 2007 | 0.3336 | +5.7% |
| 2008 | 0.3189 | -4.4% |
| 2009 | 0.306 | -4.0% |
| 2010 | 0.3071 | +0.4% |
| 2011 | 0.3102 | +1.0% |
| 2012 | 0.2983 | -3.8% |
| 2013 | 0.2902 | -2.7% |
| 2014 | 0.2747 | -5.3% |
| 2015 | 0.2844 | +3.5% |
| 2016 | 0.2784 | -2.1% |
| 2017 | 0.2692 | -3.3% |
| 2018 | 0.2799 | +4.0% |
| 2019 | 0.2609 | -6.8% |
| 2020 | 0.2794 | +7.1% |
Estonia compared with similar countries
- Estonia's 0.2794 is below the median for high income countries, which is 0.4828, 58% of the median. (62 countries reporting)
- Estonia's 0.2794 is below the median for Europe & Central Asia, which is 0.4521, 62% of the median. (47 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 0 | 0 | 0 | 10 |
| 1990s | 0.1585 | 0 | 0.2283 | 10 |
| 2000s | 0.2852 | 0.2302 | 0.3336 | 10 |
| 2010s | 0.2853 | 0.2609 | 0.3102 | 10 |
| 2020s | 0.2794 | 0.2794 | 0.2794 | 1 |
Countries ranked near Estonia
- 81 Aruba 0.2912 compare
- 82 Slovakia 0.2827 compare
- 83 Grenada 0.2814 compare
- 85 Costa Rica 0.2784 compare
- 86 Uzbekistan 0.2782 compare
- 87 Antigua and Barbuda 0.2776 compare
More financial sector data for Estonia
- Reserve position in the IMF, US dollar, annual growth rate 8.55 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0018 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 63.05 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 3.37 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0013 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 46.04 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 8.55 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0018 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 63.05 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 3.37 % change on previous year (2025)
Frequently asked questions
- What is financial development index in Estonia?
- Financial development index in Estonia was 0.2794 in 2020, according to International Monetary Fund.
- What is the highest financial development index recorded in Estonia?
- The highest recorded value was 0.3336 in 2007.
- What is the lowest financial development index recorded in Estonia?
- The lowest recorded value was 0 in 1980.
- How does Estonia rank for financial development index?
- Estonia ranks 84th out of 183 countries with data for 2020.
- Is financial development index rising or falling in Estonia?
- Over the last ten years it is down 9.0%. The long-run trend across the full record is volatile.
- Where does this Estonia 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.
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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.