Financial Institutions Efficiency Index in Saudi Arabia
Saudi Arabia: Financial Institutions Efficiency Index was 0.3798 in 2020. ▼ Falling
Financial Institutions Efficiency Index in Saudi Arabia, 1980–2020
Source: International Monetary Fund.
Analysis
In 2020, financial institutions efficiency index in Saudi Arabia stood at 0.3798.
The figure is down 5.3% on the previous year and up 13.0% over ten years.
Over the whole period, financial institutions efficiency index in Saudi Arabia peaked at 0.7022 in 1998 and was at its lowest, 0.286, in 2015.
Saudi Arabia ranks 175th of 183 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 41 years of available data.
Financial Institutions Efficiency Index in Saudi Arabia, year by year
| Year | Value | Change |
|---|---|---|
| 1980 | 0.3809 | — |
| 1981 | 0.386 | +1.3% |
| 1982 | 0.4378 | +13.4% |
| 1983 | 0.4728 | +8.0% |
| 1984 | 0.486 | +2.8% |
| 1985 | 0.5012 | +3.1% |
| 1986 | 0.5146 | +2.7% |
| 1987 | 0.5141 | -0.1% |
| 1988 | 0.4844 | -5.8% |
| 1989 | 0.584 | +20.6% |
| 1990 | 0.5932 | +1.6% |
| 1991 | 0.6164 | +3.9% |
| 1992 | 0.6149 | -0.2% |
| 1993 | 0.6064 | -1.4% |
| 1994 | 0.5864 | -3.3% |
| 1995 | 0.5784 | -1.4% |
| 1996 | 0.6021 | +4.1% |
| 1997 | 0.6823 | +13.3% |
| 1998 | 0.7022 | +2.9% |
| 1999 | 0.7022 | +0.0% |
| 2000 | 0.7022 | +0.0% |
| 2001 | 0.5204 | -25.9% |
| 2002 | 0.5792 | +11.3% |
| 2003 | 0.4504 | -22.2% |
| 2004 | 0.3193 | -29.1% |
| 2005 | 0.347 | +8.7% |
| 2006 | 0.368 | +6.1% |
| 2007 | 0.3399 | -7.6% |
| 2008 | 0.3388 | -0.3% |
| 2009 | 0.3359 | -0.8% |
| 2010 | 0.3359 | +0.0% |
| 2011 | 0.3359 | +0.0% |
| 2012 | 0.3359 | +0.0% |
| 2013 | 0.3359 | +0.0% |
| 2014 | 0.3359 | +0.0% |
| 2015 | 0.286 | -14.9% |
| 2016 | 0.4096 | +43.2% |
| 2017 | 0.4081 | -0.4% |
| 2018 | 0.3588 | -12.1% |
| 2019 | 0.4008 | +11.7% |
| 2020 | 0.3798 | -5.3% |
Saudi Arabia compared with similar countries
- Saudi Arabia's 0.3798 is below the median for high income countries, which is 0.612, 62% of the median. (62 countries reporting)
- Saudi Arabia's 0.3798 is below the median for Middle East, North Africa, Afghanistan & Pakistan, which is 0.6346, 60% of the median. (20 countries reporting)
Biggest year-on-year movements
Years where Financial Institutions Efficiency Index in Saudi Arabia 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 |
|---|---|---|---|
| 2016 | +43.2% | 0.286 | 0.4096 |
| 2004 | -29.1% | 0.4504 | 0.3193 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 0.4762 | 0.3809 | 0.584 | 10 |
| 1990s | 0.6284 | 0.5784 | 0.7022 | 10 |
| 2000s | 0.4301 | 0.3193 | 0.7022 | 10 |
| 2010s | 0.3543 | 0.286 | 0.4096 | 10 |
| 2020s | 0.3798 | 0.3798 | 0.3798 | 1 |
Countries ranked near Saudi Arabia
More financial sector data for Saudi Arabia
- Reserve position in the IMF, US dollar, annual growth rate 6.5 % 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 93.38 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 1.42 % 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 68.19 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 6.5 % 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 93.38 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 1.42 % change on previous year (2025)
Frequently asked questions
- What is financial institutions efficiency index in Saudi Arabia?
- Financial institutions efficiency index in Saudi Arabia was 0.3798 in 2020, according to International Monetary Fund.
- What is the highest financial institutions efficiency index recorded in Saudi Arabia?
- The highest recorded value was 0.7022 in 1998.
- What is the lowest financial institutions efficiency index recorded in Saudi Arabia?
- The lowest recorded value was 0.286 in 2015.
- How does Saudi Arabia rank for financial institutions efficiency index?
- Saudi Arabia ranks 175th out of 183 countries with data for 2020.
- Is financial institutions efficiency index rising or falling in Saudi Arabia?
- Over the last ten years it is up 13.0%. The long-run trend across the full record is falling.
- Where does this Saudi Arabia 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.