Financial Development Index in Venezuela
Venezuela: Financial Development Index was 0.2643 in 2020. ▲ Rising
Financial Development Index in Venezuela, 1980–2020
Source: International Monetary Fund.
Analysis
The most recent figure for financial development index in Venezuela is 0.2643, measured in 2020. That is the highest value across all 41 years on record.
The figure is up 12.9% on the previous year and up 27.2% over ten years.
Over the whole period, financial development index in Venezuela peaked at 0.2643 in 2020 and was at its lowest, 0.1267, in 1984.
That places Venezuela 89th 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 Venezuela, year by year
| Year | Value | Change |
|---|---|---|
| 1980 | 0.1438 | — |
| 1981 | 0.1384 | -3.8% |
| 1982 | 0.15 | +8.4% |
| 1983 | 0.1554 | +3.6% |
| 1984 | 0.1267 | -18.5% |
| 1985 | 0.1271 | +0.3% |
| 1986 | 0.1525 | +20.0% |
| 1987 | 0.1537 | +0.7% |
| 1988 | 0.1955 | +27.2% |
| 1989 | 0.2141 | +9.5% |
| 1990 | 0.1936 | -9.6% |
| 1991 | 0.2021 | +4.4% |
| 1992 | 0.1946 | -3.7% |
| 1993 | 0.1966 | +1.0% |
| 1994 | 0.1806 | -8.1% |
| 1995 | 0.1458 | -19.3% |
| 1996 | 0.183 | +25.6% |
| 1997 | 0.2011 | +9.8% |
| 1998 | 0.1906 | -5.2% |
| 1999 | 0.154 | -19.2% |
| 2000 | 0.1775 | +15.3% |
| 2001 | 0.1712 | -3.6% |
| 2002 | 0.1561 | -8.8% |
| 2003 | 0.1659 | +6.3% |
| 2004 | 0.1654 | -0.3% |
| 2005 | 0.1737 | +5.0% |
| 2006 | 0.1796 | +3.4% |
| 2007 | 0.1925 | +7.2% |
| 2008 | 0.186 | -3.4% |
| 2009 | 0.1951 | +4.9% |
| 2010 | 0.2077 | +6.5% |
| 2011 | 0.2109 | +1.5% |
| 2012 | 0.2241 | +6.2% |
| 2013 | 0.2369 | +5.7% |
| 2014 | 0.2598 | +9.7% |
| 2015 | 0.2566 | -1.2% |
| 2016 | 0.2313 | -9.9% |
| 2017 | 0.2478 | +7.1% |
| 2018 | 0.262 | +5.8% |
| 2019 | 0.2341 | -10.7% |
| 2020 | 0.2643 | +12.9% |
Venezuela compared with similar countries
- Venezuela's 0.2643 is above the median for lower middle income countries, which is 0.1603, 1.6× the median. (45 countries reporting)
- Venezuela's 0.2643 is below the median for Latin America & Caribbean, which is 0.2814, 94% of the median. (33 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 0.1557 | 0.1267 | 0.2141 | 10 |
| 1990s | 0.1842 | 0.1458 | 0.2021 | 10 |
| 2000s | 0.1763 | 0.1561 | 0.1951 | 10 |
| 2010s | 0.2371 | 0.2077 | 0.262 | 10 |
| 2020s | 0.2643 | 0.2643 | 0.2643 | 1 |
Countries ranked near Venezuela
- 86 Uzbekistan 0.2782 compare
- 87 Antigua and Barbuda 0.2776 compare
- 88 Romania 0.2681 compare
- 90 Sri Lanka 0.2634 compare
- 91 Bosnia and Herzegovina 0.2576 compare
- 92 Cape Verde 0.2574 compare
More financial sector data for Venezuela
- 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 0.0035 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 12.24 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 0.0026 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 8.94 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 0.0035 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 12.24 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 Venezuela?
- Financial development index in Venezuela was 0.2643 in 2020, according to International Monetary Fund.
- What is the highest financial development index recorded in Venezuela?
- The highest recorded value was 0.2643 in 2020.
- What is the lowest financial development index recorded in Venezuela?
- The lowest recorded value was 0.1267 in 1984.
- How does Venezuela rank for financial development index?
- Venezuela ranks 89th out of 183 countries with data for 2020.
- Is financial development index rising or falling in Venezuela?
- Over the last ten years it is up 27.2%. The long-run trend across the full record is rising.
- Where does this Venezuela 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.