Financial Institutions Access Index in Africa
Africa: Financial Institutions Access Index was 0.1373 in 2020. β² Rising
Financial Institutions Access Index in Africa, 1980β2020
Source: International Monetary Fund.
Analysis
The most recent figure for financial institutions access index in Africa is 0.1373, measured in 2020.
The figure is down 1.4% on the previous year and up 22.5% over ten years.
Over the whole period, financial institutions access index in Africa peaked at 0.1397 in 2016 and was at its lowest, 0.0415, in 1987.
The long-run direction has been consistently rising across the 41 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 0.0466 | 0.0415 | 0.0511 | 10 |
| 1990s | 0.0531 | 0.0498 | 0.0566 | 10 |
| 2000s | 0.0691 | 0.0568 | 0.1025 | 10 |
| 2010s | 0.1316 | 0.1121 | 0.1397 | 10 |
| 2020s | 0.1373 | 0.1373 | 0.1373 | 1 |
Countries ranked near Africa
- 6 Japan 0.8824 compare
- 7 St. Kitts and Nevis 0.8814 compare
- 8 Portugal 0.8703 compare
- 9 United States 0.8347 compare
- 10 Switzerland 0.8345 compare
- 11 Italy 0.8251 compare
- 12 Croatia 0.8054 compare
More financial sector data for Africa
- Financial Institutions Depth Index 0.1313 (2020)
- Financial Institutions Efficiency Index 0.5125 (2020)
- Financial Development Index 0.1561 (2020)
- Financial Institutions Index 0.2479 (2020)
- Financial Markets Access Index 0.0681 (2020)
- Financial Markets Depth Index 0.0853 (2020)
- Financial Markets Efficiency Index 0.0145 (2020)
- Financial Markets Index 0.0586 (2020)
- Total reserves includes gold 27.4% (2011)
- Claims on governments and other public entities 1.23 billion current LCU (2007)
Frequently asked questions
- What is financial institutions access index in Africa?
- Financial institutions access index in Africa was 0.1373 in 2020, according to International Monetary Fund.
- What is the highest financial institutions access index recorded in Africa?
- The highest recorded value was 0.1397 in 2016.
- What is the lowest financial institutions access index recorded in Africa?
- The lowest recorded value was 0.0415 in 1987.
- How does Africa rank for financial institutions access index?
- Africa ranks 9th out of 9 groups with data for 2020.
- Is financial institutions access index rising or falling in Africa?
- Over the last ten years it is up 22.5%. The long-run trend across the full record is rising.
- Where does this Africa data come from?
- The figures come from International Monetary Fund, published as part of Financial Institutions Access 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.