Financial Institutions Depth Index in Canada
Canada: Financial Institutions Depth Index was 0.9534 in 2020. β² Rising
Financial Institutions Depth Index in Canada, 1980β2020
Source: International Monetary Fund.
Analysis
The most recent figure for financial institutions depth index in Canada is 0.9534, measured in 2020. That is the highest value across all 41 years on record.
Compared with earlier readings it is up 3.9% over ten years.
Over the whole period, financial institutions depth index in Canada peaked at 0.9534 in 2019 and was at its lowest, 0.3528, in 1980.
Canada ranks 6th of 183 countries on this measure, in the top 10%.
The long-run direction has been consistently rising across the 41 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 0.4542 | 0.3528 | 0.5761 | 10 |
| 1990s | 0.7775 | 0.5927 | 0.9292 | 10 |
| 2000s | 0.8976 | 0.8284 | 0.9401 | 10 |
| 2010s | 0.9402 | 0.9179 | 0.9534 | 10 |
| 2020s | 0.9534 | 0.9534 | 0.9534 | 1 |
Countries ranked near Canada
- 4 Switzerland 0.9747 compare
- 5 Singapore 0.9618 compare
- 7 Denmark 0.9425 compare
- 8 Japan 0.8922 compare
- 9 Korea, Republic of 0.8892 compare
More financial sector data for Canada
- Net domestic credit (current LCU), per capita 85,674 current LCU per person (2008)
- Net domestic credit (current LCU), per unit of GDP 1.83 current LCU per US$ of GDP (2008)
- Net domestic credit (current LCU), annual growth rate 20.77 % change on previous year (2008)
- Gold reserves at 35 SDRs per ounce 0 SDR (2025)
- Gold reserves at market value 0 SDR (2025)
- Reserves excluding gold, foreign exchange 71.85 billion SDR (2025)
- Reserves excluding gold 91.73 billion SDR (2025)
- Total reserves (gold at market value) 91.73 billion SDR (2025)
- Total reserves (gold at national valuation) 91.73 billion SDR (2025)
- Domestic credit to private sector by banks 124.1% (2008)
Frequently asked questions
- What is financial institutions depth index in Canada?
- Financial institutions depth index in Canada was 0.9534 in 2020, according to International Monetary Fund.
- What is the highest financial institutions depth index recorded in Canada?
- The highest recorded value was 0.9534 in 2019.
- What is the lowest financial institutions depth index recorded in Canada?
- The lowest recorded value was 0.3528 in 1980.
- How does Canada rank for financial institutions depth index?
- Canada ranks 6th out of 183 countries with data for 2020.
- Is financial institutions depth index rising or falling in Canada?
- Over the last ten years it is up 3.9%. The long-run trend across the full record is rising.
- Where does this Canada data come from?
- The figures come from International Monetary Fund, published as part of Financial Institutions Depth 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.