Financial Institutions Efficiency Index in Latin America and the Caribbean (LAC)
Latin America and the Caribbean (LAC): Financial Institutions Efficiency Index was 0.5798 in 2020. ▬ Flat
Financial Institutions Efficiency Index in Latin America and the Caribbean (LAC), 1980–2020
Source: International Monetary Fund.
Analysis
In 2020, financial institutions efficiency index in Latin America and the Caribbean (LAC) stood at 0.5798.
Compared with earlier readings it is up 1.4% on the previous year and up 6.5% over ten years.
Over the whole period, financial institutions efficiency index in Latin America and the Caribbean (LAC) peaked at 0.6163 in 1983 and was at its lowest, 0.4974, in 2000.
Financial Institutions Efficiency Index in Latin America and the Caribbean (LAC), year by year
| Year | Value | Change |
|---|---|---|
| 1980 | 0.5899 | — |
| 1981 | 0.597 | +1.2% |
| 1982 | 0.6081 | +1.9% |
| 1983 | 0.6163 | +1.3% |
| 1984 | 0.6031 | -2.1% |
| 1985 | 0.5909 | -2.0% |
| 1986 | 0.5892 | -0.3% |
| 1987 | 0.5837 | -0.9% |
| 1988 | 0.5986 | +2.5% |
| 1989 | 0.5918 | -1.1% |
| 1990 | 0.5782 | -2.3% |
| 1991 | 0.566 | -2.1% |
| 1992 | 0.5447 | -3.8% |
| 1993 | 0.5096 | -6.5% |
| 1994 | 0.5063 | -0.7% |
| 1995 | 0.5056 | -0.1% |
| 1996 | 0.5056 | +0.0% |
| 1997 | 0.5153 | +1.9% |
| 1998 | 0.5015 | -2.7% |
| 1999 | 0.5027 | +0.2% |
| 2000 | 0.4974 | -1.0% |
| 2001 | 0.5028 | +1.1% |
| 2002 | 0.5196 | +3.3% |
| 2003 | 0.5201 | +0.1% |
| 2004 | 0.5307 | +2.0% |
| 2005 | 0.5385 | +1.5% |
| 2006 | 0.5625 | +4.5% |
| 2007 | 0.5678 | +0.9% |
| 2008 | 0.5625 | -0.9% |
| 2009 | 0.5454 | -3.0% |
| 2010 | 0.5445 | -0.2% |
| 2011 | 0.5374 | -1.3% |
| 2012 | 0.5471 | +1.8% |
| 2013 | 0.5571 | +1.8% |
| 2014 | 0.562 | +0.9% |
| 2015 | 0.5669 | +0.9% |
| 2016 | 0.5623 | -0.8% |
| 2017 | 0.5815 | +3.4% |
| 2018 | 0.5859 | +0.8% |
| 2019 | 0.5716 | -2.4% |
| 2020 | 0.5798 | +1.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 0.5969 | 0.5837 | 0.6163 | 10 |
| 1990s | 0.5235 | 0.5015 | 0.5782 | 10 |
| 2000s | 0.5347 | 0.4974 | 0.5678 | 10 |
| 2010s | 0.5616 | 0.5374 | 0.5859 | 10 |
| 2020s | 0.5798 | 0.5798 | 0.5798 | 1 |
Countries ranked near Latin America and the Caribbean (LAC)
More financial sector data for Latin America and the Caribbean (LAC)
- Total reserves (gold at market value) (SDR), annual growth rate 6.4 % change on previous year (2025)
- Gold reserves at 35 SDRs per ounce 731.02 million SDR (2025)
- Gold reserves at market value 53.80 billion SDR (2025)
- Reserves excluding gold, foreign exchange 658.34 billion SDR (2025)
- Reserves excluding gold 703.76 billion SDR (2025)
- Total reserves (gold at market value) 755.82 billion SDR (2025)
- Total reserves (gold at national valuation) 757.97 billion SDR (2025)
- Total reserves (gold at national valuation) (SDR), annual growth rate 6.66 % change on previous year (2025)
- Reserves excluding gold (SDR), annual growth rate 3.83 % change on previous year (2025)
- Total reserves (gold at market value) (SDR), annual growth rate 6.33 % change on previous year (2025)
Frequently asked questions
- What is financial institutions efficiency index in Latin America and the Caribbean (LAC)?
- Financial institutions efficiency index in Latin America and the Caribbean (LAC) was 0.5798 in 2020, according to International Monetary Fund.
- What is the highest financial institutions efficiency index recorded in Latin America and the Caribbean (LAC)?
- The highest recorded value was 0.6163 in 1983.
- What is the lowest financial institutions efficiency index recorded in Latin America and the Caribbean (LAC)?
- The lowest recorded value was 0.4974 in 2000.
- How does Latin America and the Caribbean (LAC) rank for financial institutions efficiency index?
- Latin America and the Caribbean (LAC) ranks 6th out of 9 groups with data for 2020.
- Is financial institutions efficiency index rising or falling in Latin America and the Caribbean (LAC)?
- Over the last ten years it is up 6.5%. The long-run trend across the full record is flat.
- Where does this Latin America and the Caribbean (LAC) 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.