Financial Development Index in Sri Lanka
Sri Lanka: Financial Development Index was 0.2634 in 2020. ▲ Rising
Financial Development Index in Sri Lanka, 1980–2020
Source: International Monetary Fund.
Analysis
In 2020, financial development index in Sri Lanka stood at 0.2634.
That represents a change of up 0.7% on the previous year and down 5.2% over ten years.
Over the whole period, financial development index in Sri Lanka peaked at 0.283 in 2011 and was at its lowest, 0.139, in 1991.
That places Sri Lanka 90th out of 183 countries with data for 2020, putting it in the middle of the range.
The long-run direction has been consistently rising across the 41 years of available data.
Financial Development Index in Sri Lanka, year by year
| Year | Value | Change |
|---|---|---|
| 1980 | 0.1501 | — |
| 1981 | 0.1649 | +9.9% |
| 1982 | 0.1752 | +6.3% |
| 1983 | 0.1783 | +1.7% |
| 1984 | 0.1602 | -10.1% |
| 1985 | 0.1739 | +8.6% |
| 1986 | 0.18 | +3.5% |
| 1987 | 0.1963 | +9.0% |
| 1988 | 0.1978 | +0.8% |
| 1989 | 0.1703 | -13.9% |
| 1990 | 0.1554 | -8.8% |
| 1991 | 0.139 | -10.5% |
| 1992 | 0.1596 | +14.8% |
| 1993 | 0.1666 | +4.4% |
| 1994 | 0.1704 | +2.3% |
| 1995 | 0.1856 | +8.9% |
| 1996 | 0.1932 | +4.1% |
| 1997 | 0.1983 | +2.6% |
| 1998 | 0.1993 | +0.5% |
| 1999 | 0.1898 | -4.8% |
| 2000 | 0.196 | +3.3% |
| 2001 | 0.1986 | +1.3% |
| 2002 | 0.2206 | +11.1% |
| 2003 | 0.2459 | +11.5% |
| 2004 | 0.222 | -9.7% |
| 2005 | 0.248 | +11.8% |
| 2006 | 0.2469 | -0.5% |
| 2007 | 0.2486 | +0.7% |
| 2008 | 0.2487 | +0.0% |
| 2009 | 0.2394 | -3.8% |
| 2010 | 0.2778 | +16.1% |
| 2011 | 0.283 | +1.8% |
| 2012 | 0.2566 | -9.3% |
| 2013 | 0.2639 | +2.8% |
| 2014 | 0.2682 | +1.7% |
| 2015 | 0.2638 | -1.7% |
| 2016 | 0.2603 | -1.3% |
| 2017 | 0.2683 | +3.1% |
| 2018 | 0.2673 | -0.4% |
| 2019 | 0.2615 | -2.2% |
| 2020 | 0.2634 | +0.7% |
Sri Lanka compared with similar countries
- Sri Lanka's 0.2634 is above the median for upper middle income countries, which is 0.2539, 1.0× the median. (54 countries reporting)
- Sri Lanka's 0.2634 is above the median for South Asia, which is 0.229, 1.2× the median. (6 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 0.1747 | 0.1501 | 0.1978 | 10 |
| 1990s | 0.1757 | 0.139 | 0.1993 | 10 |
| 2000s | 0.2315 | 0.196 | 0.2487 | 10 |
| 2010s | 0.2671 | 0.2566 | 0.283 | 10 |
| 2020s | 0.2634 | 0.2634 | 0.2634 | 1 |
Countries ranked near Sri Lanka
- 87 Antigua and Barbuda 0.2776 compare
- 88 Romania 0.2681 compare
- 89 Venezuela 0.2643 compare
- 91 Bosnia and Herzegovina 0.2576 compare
- 92 Cape Verde 0.2574 compare
- 93 Armenia 0.2561 compare
More financial sector data for Sri Lanka
- Reserve position in the IMF, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 0.1797 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 0 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 0.1312 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 0.1797 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 0 % change on previous year (2025)
Frequently asked questions
- What is financial development index in Sri Lanka?
- Financial development index in Sri Lanka was 0.2634 in 2020, according to International Monetary Fund.
- What is the highest financial development index recorded in Sri Lanka?
- The highest recorded value was 0.283 in 2011.
- What is the lowest financial development index recorded in Sri Lanka?
- The lowest recorded value was 0.139 in 1991.
- How does Sri Lanka rank for financial development index?
- Sri Lanka ranks 90th out of 183 countries with data for 2020.
- Is financial development index rising or falling in Sri Lanka?
- Over the last ten years it is down 5.2%. The long-run trend across the full record is rising.
- Where does this Sri Lanka 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 · JSON — 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.