Financial Development Index in Latin America and the Caribbean (LAC)
Latin America and the Caribbean (LAC): Financial Development Index was 0.3306 in 2020. ▲ Rising
Financial Development Index in Latin America and the Caribbean (LAC), 1980–2020
Source: International Monetary Fund.
Analysis
The most recent figure for financial development index in Latin America and the Caribbean (LAC) is 0.3306, measured in 2020. That is the highest value across all 41 years on record.
The figure is up 0.9% on the previous year and up 10.3% over ten years.
Over the whole period, financial development index in Latin America and the Caribbean (LAC) peaked at 0.3306 in 2020 and was at its lowest, 0.196, in 1980.
The long-run direction has been consistently rising across the 41 years of available data.
Financial Development Index in Latin America and the Caribbean (LAC), year by year
| Year | Value | Change |
|---|---|---|
| 1980 | 0.196 | — |
| 1981 | 0.1978 | +0.9% |
| 1982 | 0.2032 | +2.7% |
| 1983 | 0.2064 | +1.6% |
| 1984 | 0.2039 | -1.2% |
| 1985 | 0.204 | +0.0% |
| 1986 | 0.2086 | +2.2% |
| 1987 | 0.2117 | +1.5% |
| 1988 | 0.2192 | +3.5% |
| 1989 | 0.2171 | -0.9% |
| 1990 | 0.2108 | -2.9% |
| 1991 | 0.2088 | -0.9% |
| 1992 | 0.2145 | +2.8% |
| 1993 | 0.2226 | +3.8% |
| 1994 | 0.2246 | +0.9% |
| 1995 | 0.2249 | +0.2% |
| 1996 | 0.2291 | +1.9% |
| 1997 | 0.241 | +5.2% |
| 1998 | 0.2397 | -0.5% |
| 1999 | 0.2437 | +1.6% |
| 2000 | 0.25 | +2.6% |
| 2001 | 0.2554 | +2.1% |
| 2002 | 0.2568 | +0.6% |
| 2003 | 0.2616 | +1.9% |
| 2004 | 0.2631 | +0.6% |
| 2005 | 0.2687 | +2.1% |
| 2006 | 0.2821 | +5.0% |
| 2007 | 0.2956 | +4.8% |
| 2008 | 0.2919 | -1.3% |
| 2009 | 0.3006 | +3.0% |
| 2010 | 0.2997 | -0.3% |
| 2011 | 0.3015 | +0.6% |
| 2012 | 0.3068 | +1.8% |
| 2013 | 0.3138 | +2.3% |
| 2014 | 0.3153 | +0.5% |
| 2015 | 0.3171 | +0.6% |
| 2016 | 0.3163 | -0.2% |
| 2017 | 0.3239 | +2.4% |
| 2018 | 0.3265 | +0.8% |
| 2019 | 0.3277 | +0.4% |
| 2020 | 0.3306 | +0.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 0.2068 | 0.196 | 0.2192 | 10 |
| 1990s | 0.226 | 0.2088 | 0.2437 | 10 |
| 2000s | 0.2726 | 0.25 | 0.3006 | 10 |
| 2010s | 0.3149 | 0.2997 | 0.3277 | 10 |
| 2020s | 0.3306 | 0.3306 | 0.3306 | 1 |
Countries ranked near Latin America and the Caribbean (LAC)
- 2 Japan 0.9245 compare
- 3 Australia 0.9076 compare
- 4 United States of America 0.9076 compare
- 5 United Kingdom of Great Britain and Northern Ireland 0.8908 compare
- 6 Canada 0.8485 compare
- 7 Republic of Korea 0.8316 compare
- 8 Spain 0.8267 compare
More financial sector data for Latin America and the Caribbean (LAC)
- Total reserves (gold at national valuation) (SDR), annual growth rate 6.66 % change on previous year (2025)
- Gold reserves at market value 53.80 billion SDR (2025)
- Reserves excluding gold, foreign exchange 658.34 billion SDR (2025)
- Reserves excluding gold 703.76 billion SDR (2025)
- Total reserves (gold at market value) 755.82 billion SDR (2025)
- Total reserves (gold at national valuation) 757.97 billion SDR (2025)
- Reserves excluding gold (SDR), annual growth rate 3.89 % change on previous year (2025)
- Gold reserves at 35 SDRs per ounce 731.02 million SDR (2025)
- Reserves excluding gold, foreign exchange (SDR), annual growth rate 4.05 % change on previous year (2025)
- Total reserves (gold at market value) (SDR), annual growth rate 6.4 % change on previous year (2025)
Frequently asked questions
- What is financial development index in Latin America and the Caribbean (LAC)?
- Financial development index in Latin America and the Caribbean (LAC) was 0.3306 in 2020, according to International Monetary Fund.
- What is the highest financial development index recorded in Latin America and the Caribbean (LAC)?
- The highest recorded value was 0.3306 in 2020.
- What is the lowest financial development index recorded in Latin America and the Caribbean (LAC)?
- The lowest recorded value was 0.196 in 1980.
- How does Latin America and the Caribbean (LAC) rank for financial development index?
- Latin America and the Caribbean (LAC) ranks 5th out of 9 groups with data for 2020.
- Is financial development index rising or falling in Latin America and the Caribbean (LAC)?
- Over the last ten years it is up 10.3%. The long-run trend across the full record is rising.
- Where does this Latin America and the Caribbean (LAC) 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.