Financial Institutions Efficiency Index in Africa
Africa: Financial Institutions Efficiency Index was 0.5125 in 2020. β² Rising
Financial Institutions Efficiency Index in Africa, 1980β2020
Source: International Monetary Fund.
Analysis
Africa recorded 0.5125 for financial institutions efficiency index in 2020. That is the highest value across all 41 years on record.
The figure is up 3.3% on the previous year and up 5.6% over ten years.
Over the whole period, financial institutions efficiency index in Africa peaked at 0.5125 in 2020 and was at its lowest, 0.3888, in 1984.
The long-run direction has been consistently rising across the 41 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 0.3996 | 0.3888 | 0.4149 | 10 |
| 1990s | 0.4478 | 0.4126 | 0.484 | 10 |
| 2000s | 0.4613 | 0.4374 | 0.4813 | 10 |
| 2010s | 0.485 | 0.4684 | 0.4996 | 10 |
| 2020s | 0.5125 | 0.5125 | 0.5125 | 1 |
Countries ranked near Africa
- 6 Egypt, Arab Republic of 0.7318 compare
- 7 Algeria 0.7278 compare
- 8 Australia 0.7275 compare
- 9 Antigua and Barbuda 0.7267 compare
- 10 Netherlands 0.7261 compare
- 11 Benin 0.7242 compare
- 12 Japan 0.7241 compare
More financial sector data for Africa
- Financial Institutions Access Index 0.1373 (2020)
- Financial Institutions Depth Index 0.1313 (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 efficiency index in Africa?
- Financial institutions efficiency index in Africa was 0.5125 in 2020, according to International Monetary Fund.
- What is the highest financial institutions efficiency index recorded in Africa?
- The highest recorded value was 0.5125 in 2020.
- What is the lowest financial institutions efficiency index recorded in Africa?
- The lowest recorded value was 0.3888 in 1984.
- How does Africa rank for financial institutions efficiency index?
- Africa ranks 9th out of 9 groups with data for 2020.
- Is financial institutions efficiency index rising or falling in Africa?
- Over the last ten years it is up 5.6%. 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 Efficiency 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.