Financial Institutions Efficiency Index in Australia
Australia: Financial Institutions Efficiency Index was 0.7275 in 2020. ▲ Rising
Financial Institutions Efficiency Index in Australia, 1980–2020
Source: International Monetary Fund.
Analysis
In 2020, financial institutions efficiency index in Australia stood at 0.7275.
That represents a change of down 3.7% on the previous year and down 3.4% over ten years.
Over the whole period, financial institutions efficiency index in Australia peaked at 0.761 in 2018 and was at its lowest, 0.3667, in 1981.
That places Australia 8th out of 183 countries with data for 2020, putting it in the top 10%.
The long-run direction has been consistently rising across the 41 years of available data.
Financial Institutions Efficiency Index in Australia, year by year
| Year | Value | Change |
|---|---|---|
| 1980 | 0.3705 | — |
| 1981 | 0.3667 | -1.0% |
| 1982 | 0.368 | +0.3% |
| 1983 | 0.3985 | +8.3% |
| 1984 | 0.4325 | +8.5% |
| 1985 | 0.5339 | +23.4% |
| 1986 | 0.5888 | +10.3% |
| 1987 | 0.608 | +3.3% |
| 1988 | 0.5161 | -15.1% |
| 1989 | 0.6115 | +18.5% |
| 1990 | 0.615 | +0.6% |
| 1991 | 0.5902 | -4.0% |
| 1992 | 0.5115 | -13.3% |
| 1993 | 0.6163 | +20.5% |
| 1994 | 0.6444 | +4.5% |
| 1995 | 0.656 | +1.8% |
| 1996 | 0.6621 | +0.9% |
| 1997 | 0.6676 | +0.8% |
| 1998 | 0.6712 | +0.5% |
| 1999 | 0.6645 | -1.0% |
| 2000 | 0.6893 | +3.7% |
| 2001 | 0.6788 | -1.5% |
| 2002 | 0.679 | +0.0% |
| 2003 | 0.701 | +3.2% |
| 2004 | 0.6823 | -2.7% |
| 2005 | 0.7121 | +4.4% |
| 2006 | 0.7402 | +3.9% |
| 2007 | 0.7333 | -0.9% |
| 2008 | 0.7244 | -1.2% |
| 2009 | 0.7258 | +0.2% |
| 2010 | 0.7534 | +3.8% |
| 2011 | 0.7534 | -0.0% |
| 2012 | 0.7474 | -0.8% |
| 2013 | 0.7556 | +1.1% |
| 2014 | 0.7566 | +0.1% |
| 2015 | 0.7543 | -0.3% |
| 2016 | 0.7392 | -2.0% |
| 2017 | 0.754 | +2.0% |
| 2018 | 0.761 | +0.9% |
| 2019 | 0.7558 | -0.7% |
| 2020 | 0.7275 | -3.7% |
Australia compared with similar countries
- Australia's 0.7275 is above the median for high income countries, which is 0.612, 1.2× the median. (62 countries reporting)
- Australia's 0.7275 is above the median for East Asia & Pacific, which is 0.6283, 1.2× the median. (29 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 0.4795 | 0.3667 | 0.6115 | 10 |
| 1990s | 0.6299 | 0.5115 | 0.6712 | 10 |
| 2000s | 0.7066 | 0.6788 | 0.7402 | 10 |
| 2010s | 0.7531 | 0.7392 | 0.761 | 10 |
| 2020s | 0.7275 | 0.7275 | 0.7275 | 1 |
Countries ranked near Australia
More financial sector data for Australia
- Reserve position in the IMF, US dollar, annual growth rate 11.9 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0013 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 83.74 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 6.56 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0009 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 61.14 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 11.9 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0013 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 83.74 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 6.56 % change on previous year (2025)
Frequently asked questions
- What is financial institutions efficiency index in Australia?
- Financial institutions efficiency index in Australia was 0.7275 in 2020, according to International Monetary Fund.
- What is the highest financial institutions efficiency index recorded in Australia?
- The highest recorded value was 0.761 in 2018.
- What is the lowest financial institutions efficiency index recorded in Australia?
- The lowest recorded value was 0.3667 in 1981.
- How does Australia rank for financial institutions efficiency index?
- Australia ranks 8th out of 183 countries with data for 2020.
- Is financial institutions efficiency index rising or falling in Australia?
- Over the last ten years it is down 3.4%. The long-run trend across the full record is rising.
- Where does this Australia 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 · 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.