Statizoid

Financial Institutions Efficiency Index by country

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...

Countries reporting
183
Highest
0.7875
New Zealand
Lowest
0.0183
Micronesia (Federated States of)
Median
0.5855
Years covered
41
1980–2020
Data points
7,872

What the numbers show

Financial Institutions Efficiency Index is currently reported for 183 countries. The highest value is 0.7875 in New Zealand; the lowest is 0.0183 in Micronesia (Federated States of).

The median across all reporting countries is 0.5855, and the mean is 0.5756.

The gap between the highest and lowest reporting country is a factor of about 43.

Over the past decade 114 countries rose and 68 fell. The largest increase was in Serbia (up 175.3%), and the largest decrease in Central African Republic (down 39.9%).

Financial Institutions Efficiency Index: full country ranking

#Country LatestYear 10-year changeTrend
1 New Zealand 0.7875 2020 up 4.4% rising
2 Bahrain 0.7442 2020 up 2.2% rising
3 China 0.7423 2020 down 5.0% rising
4 Qatar 0.7415 2020 up 8.6% rising
5 Viet Nam 0.7353 2020 up 2.0% volatile
6 Egypt 0.7318 2020 up 4.1% rising
7 Algeria 0.7278 2020 up 1.8% rising
8 Australia 0.7275 2020 down 3.4% rising
9 Antigua and Barbuda 0.7267 2020 up 42.1% flat
10 Netherlands 0.7261 2020 up 10.8% falling
11 Benin 0.7242 2020 up 19.5% falling
12 Japan 0.7241 2020 down 2.3% falling
13 Norway 0.7234 2020 down 2.3% rising
14 Canada 0.7225 2020 up 23.0% flat
15 Macau, China 0.7204 2020 up 2.0% rising
16 Czechia 0.7175 2020 up 0.9% volatile
17 Republic of Korea 0.7164 2020 up 22.2% rising
18 Kuwait 0.7122 2020 up 4.3% flat
19 Lebanon 0.7078 2020 down 3.6% falling
20 Sweden 0.7071 2020 up 3.9% rising
21 Turkmenistan 0.7063 2020 up 14.9% volatile
22 Malaysia 0.7061 2020 down 3.4% rising
23 Brunei Darussalam 0.7026 2020 up 8.9% volatile
24 Pakistan 0.6995 2020 up 12.2% rising
25 Singapore 0.6967 2020 down 0.8% flat
26 Oman 0.6949 2020 down 2.1% rising
27 Mali 0.6933 2020 up 23.4% flat
28 Tonga 0.6924 2020 up 67.8% rising
29 Sri Lanka 0.6921 2020 up 8.2% rising
30 Russia 0.6908 2020 up 113.0% volatile
31 Cabo Verde 0.6852 2020 up 11.0% falling
32 Thailand 0.6808 2020 down 1.2% falling
33 Israel 0.6804 2020 up 2.8% flat
34 Suriname 0.6773 2020 up 2.3% flat
35 Bangladesh 0.6716 2020 up 3.0% falling
36 Burundi 0.6714 2020 up 32.8% rising
37 Seychelles 0.6705 2020 up 2.3% rising
38 North Macedonia 0.6698 2020 up 9.1% volatile
39 Burkina Faso 0.6687 2020 up 33.6% falling
40 Philippines 0.6661 2020 up 5.0% flat
41 South Africa 0.666 2020 down 14.5% rising
42 Bulgaria 0.66 2020 up 7.4% volatile
43 Uruguay 0.6589 2020 up 24.7% falling
44 Hungary 0.6585 2020 up 11.2% flat
45 Chile 0.6577 2020 up 1.3% falling
46 Panama 0.6572 2020 down 7.2% falling
47 Ethiopia 0.6562 2020 down 7.1% falling
48 Estonia 0.6473 2020 up 25.6% volatile
49 Romania 0.6469 2020 up 12.3% rising
50 United States 0.6463 2020 up 25.7% rising
51 Armenia 0.6457 2020 up 19.0% volatile
52 Albania 0.644 2020 up 3.7% volatile
53 Papua New Guinea 0.6406 2020 down 0.9% rising
54 Jordan 0.6401 2020 down 1.0% flat
55 Mauritius 0.6374 2020 up 0.5% falling
56 Bosnia and Herzegovina 0.6361 2020 up 23.9% volatile
57 Trinidad and Tobago 0.6316 2020 down 5.1% rising
58 Guatemala 0.631 2020 up 2.3% falling
59 Saint Lucia 0.6304 2020 up 13.9% falling
60 Dominica 0.6298 2020 up 1.3% falling
61 Syrian Arab Republic 0.6292 2020 up 18.0% falling
62 Indonesia 0.6283 2020 down 0.4% rising
63 Myanmar 0.6266 2020 up 8.7% falling
64 Mexico 0.6242 2020 up 4.2% falling
65 Namibia 0.6219 2020 up 6.8% volatile
66 Georgia 0.6175 2020 up 103.6% volatile
67 Croatia 0.6166 2020 up 0.1% volatile
68 Yemen 0.6159 2020 down 10.7% volatile
69 Switzerland 0.6153 2020 up 14.9% flat
70 Bolivia (Plurinational State of) 0.6142 2020 up 14.5% falling
71 Azerbaijan 0.614 2020 up 39.3% volatile
72 Niger 0.6113 2020 down 3.8% falling
73 Nepal 0.6107 2020 down 6.1% rising
74 Togo 0.6086 2020 up 41.6% rising
75 Botswana 0.6086 2020 down 15.4% rising
76 Hong Kong (China) 0.6086 2020 up 10.9% falling
77 United Kingdom 0.607 2020 up 2.2% falling
78 Bahamas 0.6064 2020 down 0.6% falling
79 Guyana 0.6055 2020 down 2.8% falling
80 Djibouti 0.604 2020 down 4.7% rising
81 Cambodia 0.6015 2020 up 18.5% volatile
82 Bhutan 0.6012 2020 down 9.4% rising
83 Iran (Islamic Republic of) 0.6009 2020 down 12.0% falling
84 Uzbekistan 0.6006 2020 up 15.4% volatile
85 Saint Kitts and Nevis 0.5979 2020 down 9.0% flat
86 Lithuania 0.5955 2020 up 20.1% volatile
87 Mongolia 0.5942 2020 down 13.5% volatile
88 Belgium 0.5938 2020 down 6.0% rising
89 Nigeria 0.591 2020 up 48.5% falling
90 Samoa 0.5896 2020 up 7.3% rising
91 Finland 0.5868 2020 down 6.1% rising
92 Guinea 0.5855 2020 up 27.6% volatile
93 Slovak Republic 0.583 2020 up 3.3% volatile
94 Republic of Moldova 0.5823 2020 up 22.8% volatile
95 Türkiye 0.5814 2020 down 2.8% rising
96 Libya 0.581 2020 down 13.2% falling
97 Grenada 0.579 2020 down 1.4% rising
98 Madagascar 0.5784 2020 up 26.8% rising
99 Maldives 0.5783 2020 up 2.6% falling
100 Lao People's Democratic Republic 0.5768 2020 up 5.4% volatile
101 Kenya 0.5759 2020 up 14.0% rising
102 Paraguay 0.5725 2020 up 41.9% rising
103 Aruba 0.5723 2020 up 96.7% rising
104 Brazil 0.5692 2020 up 4.6% rising
105 Colombia 0.5687 2020 up 24.6% rising
106 Mauritania 0.5684 2020 up 18.2% falling
107 Morocco 0.5628 2020 down 9.8% rising
108 Fiji 0.5619 2020 down 0.5% falling
109 Barbados 0.5594 2020 down 8.1% rising
110 Luxembourg 0.5592 2020 down 6.4% flat
111 Slovenia 0.5582 2020 up 5.0% volatile
112 India 0.5565 2020 down 7.9% rising
113 Côte d'Ivoire 0.5528 2020 up 24.6% falling
114 Sudan 0.552 2020 up 7.6% rising
115 Eritrea 0.5515 2020 unchanged volatile
116 Spain 0.5513 2020 down 10.2% rising
117 Belarus 0.5497 2020 up 8.9% volatile
118 Peru 0.5494 2020 up 5.2% rising
119 Tunisia 0.549 2020 up 0.9% rising
120 France 0.5434 2020 down 8.8% rising
121 Latvia 0.5432 2020 up 22.2% volatile
122 Belize 0.5425 2020 down 17.0% falling
123 Haiti 0.5407 2020 up 12.5% falling
124 Germany 0.5405 2020 down 2.1% falling
125 Costa Rica 0.5381 2020 up 7.7% falling
126 Poland 0.5369 2020 down 1.1% rising
127 Malta 0.5364 2020 down 14.2% rising
128 French Polynesia 0.534 2020 down 2.9% volatile
129 Serbia 0.5309 2020 up 175.3% volatile
130 Kiribati 0.5298 2020 down 14.0% volatile
131 Ukraine 0.5266 2020 up 25.2% volatile
132 Austria 0.5264 2020 up 2.7% falling
133 Guinea-Bissau 0.5238 2020 up 16.5% volatile
134 Dominican Republic 0.522 2020 up 18.3% falling
135 Jamaica 0.5191 2020 up 0.9% falling
136 Uganda 0.5181 2020 up 19.7% rising
137 Cyprus 0.5177 2020 down 10.4% falling
138 Gabon 0.517 2020 up 13.4% rising
139 Saint Vincent and the Grenadines 0.5165 2020 up 0.1% falling
140 Eswatini 0.5116 2020 down 8.7% rising
141 Congo 0.5108 2020 down 7.8% volatile
142 Honduras 0.5107 2020 up 9.9% falling
143 Denmark 0.5088 2020 down 9.3% rising
144 Timor-Leste 0.5086 2020 up 0.2% volatile
145 Portugal 0.5058 2020 down 11.3% flat
146 Nicaragua 0.5023 2020 down 1.8% falling
147 Mozambique 0.4978 2020 down 4.4% volatile
148 Vanuatu 0.4961 2020 down 9.6% rising
149 Italy 0.4909 2020 down 13.3% rising
150 Senegal 0.4889 2020 up 0.1% rising
151 Tajikistan 0.4883 2020 up 47.0% volatile
152 Zambia 0.4866 2020 up 44.3% rising
153 Cameroon 0.4851 2020 up 6.1% rising
154 Angola 0.4827 2020 down 30.9% volatile
155 Rwanda 0.4726 2020 up 29.1% falling
156 El Salvador 0.4715 2020 up 42.4% rising
157 Ghana 0.4704 2020 up 35.9% falling
158 Greece 0.4669 2020 down 12.7% rising
159 United Arab Emirates 0.4653 2020 down 20.7% flat
160 Kazakhstan 0.4634 2020 up 9.1% volatile
161 Solomon Islands 0.4593 2020 up 1.6% falling
162 Kyrgyzstan 0.4587 2020 up 4.8% volatile
163 Venezuela (Bolivarian Republic of) 0.4533 2020 down 22.9% rising
164 Argentina 0.4515 2020 down 20.7% falling
165 Gambia 0.449 2020 up 14.7% falling
166 Chad 0.4451 2020 down 23.1% falling
167 Lesotho 0.4439 2020 down 24.2% rising
168 Marshall Islands 0.4422 2020 down 10.6% volatile
169 Ecuador 0.4378 2020 up 2.0% falling
170 Sierra Leone 0.4341 2020 up 37.7% rising
171 Malawi 0.4243 2020 up 18.0% flat
172 United Republic of Tanzania 0.4189 2020 down 17.0% falling
173 Iceland 0.4027 2020 up 99.3% rising
174 Ireland 0.3963 2020 down 14.9% falling
175 Saudi Arabia 0.3798 2020 up 13.0% falling
176 Equatorial Guinea 0.3748 2020 down 21.9% rising
177 Liberia 0.3679 2020 up 46.6% rising
178 South Sudan 0.3313 2020 down 38.1% volatile
179 Democratic Republic of the Congo 0.2926 2020 up 81.9% volatile
180 Comoros 0.2369 2020 up 8.1% rising
181 Central African Republic 0.2268 2020 down 39.9% falling
182 Sao Tome and Principe 0.1821 2020 up 4.3% volatile
183 Micronesia (Federated States of) 0.0183 2020 down 6.8% volatile

Regions and income groups

Aggregates are excluded from the country ranking above so that a region can never outrank a country.

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Financial Institutions Efficiency Index by country. Statizoid, drawing on International Monetary Fund. Retrieved 20 August 2026, from https://financial-sector.statizoid.com/stat/financial-institutions-efficiency-index/

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About this data

Indicator
Financial Institutions Efficiency Index
Source
International Monetary Fund
Licence
IMF Terms and Conditions (attribution required)
Coverage
192 places, 7,872 data points, 1980–2020
Last refreshed

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.