Financial Institutions Efficiency Index in Finland
Finland: Financial Institutions Efficiency Index was 0.5868 in 2020. ▲ Rising
Financial Institutions Efficiency Index in Finland, 1980–2020
Source: International Monetary Fund.
Analysis
Finland recorded 0.5868 for financial institutions efficiency index in 2020.
The figure is up 2.0% on the previous year and down 6.1% over ten years.
Over the whole period, financial institutions efficiency index in Finland peaked at 0.7817 in 2001 and was at its lowest, 0.4479, in 1980.
That places Finland 91st out of 183 countries with data for 2020, putting it in the middle of the range.
The long-run direction has been consistently rising across the 41 years of available data.
Financial Institutions Efficiency Index in Finland, year by year
| Year | Value | Change |
|---|---|---|
| 1980 | 0.4479 | — |
| 1981 | 0.4526 | +1.0% |
| 1982 | 0.4674 | +3.3% |
| 1983 | 0.4809 | +2.9% |
| 1984 | 0.4907 | +2.0% |
| 1985 | 0.51 | +3.9% |
| 1986 | 0.5215 | +2.2% |
| 1987 | 0.5166 | -0.9% |
| 1988 | 0.5115 | -1.0% |
| 1989 | 0.5211 | +1.9% |
| 1990 | 0.5334 | +2.4% |
| 1991 | 0.5298 | -0.7% |
| 1992 | 0.5055 | -4.6% |
| 1993 | 0.5236 | +3.6% |
| 1994 | 0.5183 | -1.0% |
| 1995 | 0.5482 | +5.8% |
| 1996 | 0.5392 | -1.6% |
| 1997 | 0.5905 | +9.5% |
| 1998 | 0.5849 | -0.9% |
| 1999 | 0.6167 | +5.4% |
| 2000 | 0.663 | +7.5% |
| 2001 | 0.7817 | +17.9% |
| 2002 | 0.6139 | -21.5% |
| 2003 | 0.6856 | +11.7% |
| 2004 | 0.6293 | -8.2% |
| 2005 | 0.6254 | -0.6% |
| 2006 | 0.7146 | +14.3% |
| 2007 | 0.6238 | -12.7% |
| 2008 | 0.6506 | +4.3% |
| 2009 | 0.6009 | -7.6% |
| 2010 | 0.6252 | +4.0% |
| 2011 | 0.62 | -0.8% |
| 2012 | 0.6516 | +5.1% |
| 2013 | 0.6052 | -7.1% |
| 2014 | 0.6146 | +1.5% |
| 2015 | 0.601 | -2.2% |
| 2016 | 0.6183 | +2.9% |
| 2017 | 0.6094 | -1.4% |
| 2018 | 0.5882 | -3.5% |
| 2019 | 0.5751 | -2.2% |
| 2020 | 0.5868 | +2.0% |
Finland compared with similar countries
- Finland's 0.5868 is below the median for high income countries, which is 0.612, 96% of the median. (62 countries reporting)
- Finland's 0.5868 is above the median for Europe & Central Asia, which is 0.583, 1.0× the median. (47 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 0.492 | 0.4479 | 0.5215 | 10 |
| 1990s | 0.549 | 0.5055 | 0.6167 | 10 |
| 2000s | 0.6589 | 0.6009 | 0.7817 | 10 |
| 2010s | 0.6109 | 0.5751 | 0.6516 | 10 |
| 2020s | 0.5868 | 0.5868 | 0.5868 | 1 |
Countries ranked near Finland
More financial sector data for Finland
- Reserve position in the IMF, US dollar, annual growth rate 7.97 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0027 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 151.59 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 2.82 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.002 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 110.69 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 7.97 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0027 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 151.59 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 2.82 % change on previous year (2025)
Frequently asked questions
- What is financial institutions efficiency index in Finland?
- Financial institutions efficiency index in Finland was 0.5868 in 2020, according to International Monetary Fund.
- What is the highest financial institutions efficiency index recorded in Finland?
- The highest recorded value was 0.7817 in 2001.
- What is the lowest financial institutions efficiency index recorded in Finland?
- The lowest recorded value was 0.4479 in 1980.
- How does Finland rank for financial institutions efficiency index?
- Finland ranks 91st out of 183 countries with data for 2020.
- Is financial institutions efficiency index rising or falling in Finland?
- Over the last ten years it is down 6.1%. The long-run trend across the full record is rising.
- Where does this Finland 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.