Financial Institutions Efficiency Index in Canada
Canada: Financial Institutions Efficiency Index was 0.7225 in 2020. ▬ Flat
Financial Institutions Efficiency Index in Canada, 1980–2020
Source: International Monetary Fund.
Analysis
In 2020, financial institutions efficiency index in Canada stood at 0.7225.
Compared with earlier readings it is down 7.1% on the previous year and up 23.0% over ten years.
Over the whole period, financial institutions efficiency index in Canada peaked at 0.7958 in 2017 and was at its lowest, 0.5507, in 2000.
That places Canada 14th out of 183 countries with data for 2020, putting it in the top 10%.
Financial Institutions Efficiency Index in Canada, year by year
| Year | Value | Change |
|---|---|---|
| 1980 | 0.7689 | — |
| 1981 | 0.739 | -3.9% |
| 1982 | 0.7625 | +3.2% |
| 1983 | 0.7181 | -5.8% |
| 1984 | 0.7558 | +5.2% |
| 1985 | 0.775 | +2.5% |
| 1986 | 0.7419 | -4.3% |
| 1987 | 0.7227 | -2.6% |
| 1988 | 0.7062 | -2.3% |
| 1989 | 0.7021 | -0.6% |
| 1990 | 0.6938 | -1.2% |
| 1991 | 0.6873 | -1.0% |
| 1992 | 0.63 | -8.3% |
| 1993 | 0.6535 | +3.7% |
| 1994 | 0.6923 | +5.9% |
| 1995 | 0.6768 | -2.2% |
| 1996 | 0.714 | +5.5% |
| 1997 | 0.7051 | -1.2% |
| 1998 | 0.6743 | -4.4% |
| 1999 | 0.6778 | +0.5% |
| 2000 | 0.5507 | -18.8% |
| 2001 | 0.6271 | +13.9% |
| 2002 | 0.6301 | +0.5% |
| 2003 | 0.6372 | +1.1% |
| 2004 | 0.6713 | +5.4% |
| 2005 | 0.6693 | -0.3% |
| 2006 | 0.6375 | -4.8% |
| 2007 | 0.6132 | -3.8% |
| 2008 | 0.6407 | +4.5% |
| 2009 | 0.675 | +5.4% |
| 2010 | 0.5875 | -13.0% |
| 2011 | 0.5845 | -0.5% |
| 2012 | 0.7748 | +32.6% |
| 2013 | 0.7769 | +0.3% |
| 2014 | 0.7547 | -2.9% |
| 2015 | 0.7831 | +3.8% |
| 2016 | 0.7833 | +0.0% |
| 2017 | 0.7958 | +1.6% |
| 2018 | 0.7812 | -1.8% |
| 2019 | 0.7774 | -0.5% |
| 2020 | 0.7225 | -7.1% |
Canada compared with similar countries
- Canada's 0.7225 is above the median for high income countries, which is 0.612, 1.2× the median. (62 countries reporting)
Biggest year-on-year movements
Years where Financial Institutions Efficiency Index in Canada changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2012 | +32.6% | 0.5845 | 0.7748 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 0.7392 | 0.7021 | 0.775 | 10 |
| 1990s | 0.6805 | 0.63 | 0.714 | 10 |
| 2000s | 0.6352 | 0.5507 | 0.675 | 10 |
| 2010s | 0.7399 | 0.5845 | 0.7958 | 10 |
| 2020s | 0.7225 | 0.7225 | 0.7225 | 1 |
Countries ranked near Canada
More financial sector data for Canada
- Reserve position in the IMF, US dollar, annual growth rate 6.08 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0017 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 93.62 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 1.02 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0012 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 68.36 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 6.08 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0017 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 93.62 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 1.02 % change on previous year (2025)
Frequently asked questions
- What is financial institutions efficiency index in Canada?
- Financial institutions efficiency index in Canada was 0.7225 in 2020, according to International Monetary Fund.
- What is the highest financial institutions efficiency index recorded in Canada?
- The highest recorded value was 0.7958 in 2017.
- What is the lowest financial institutions efficiency index recorded in Canada?
- The lowest recorded value was 0.5507 in 2000.
- How does Canada rank for financial institutions efficiency index?
- Canada ranks 14th out of 183 countries with data for 2020.
- Is financial institutions efficiency index rising or falling in Canada?
- Over the last ten years it is up 23.0%. The long-run trend across the full record is flat.
- Where does this Canada 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.
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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.