Financial Institutions Efficiency Index in Turkey
Turkey: Financial Institutions Efficiency Index was 0.5814 in 2020. ▲ Rising
Financial Institutions Efficiency Index in Turkey, 1980–2020
Source: International Monetary Fund.
Analysis
Turkey recorded 0.5814 for financial institutions efficiency index in 2020.
The figure is down 1.0% on the previous year and down 2.8% over ten years.
Over the whole period, financial institutions efficiency index in Turkey peaked at 0.6374 in 1983 and was at its lowest, 0.093, in 1998.
That places Turkey 95th 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 Turkey, year by year
| Year | Value | Change |
|---|---|---|
| 1980 | 0.4531 | — |
| 1981 | 0.5354 | +18.2% |
| 1982 | 0.5923 | +10.6% |
| 1983 | 0.6374 | +7.6% |
| 1984 | 0.5581 | -12.4% |
| 1985 | 0.5438 | -2.6% |
| 1986 | 0.6016 | +10.6% |
| 1987 | 0.6205 | +3.1% |
| 1988 | 0.4797 | -22.7% |
| 1989 | 0.4588 | -4.4% |
| 1990 | 0.4956 | +8.0% |
| 1991 | 0.3642 | -26.5% |
| 1992 | 0.4689 | +28.7% |
| 1993 | 0.501 | +6.8% |
| 1994 | 0.4297 | -14.2% |
| 1995 | 0.4161 | -3.2% |
| 1996 | 0.4954 | +19.1% |
| 1997 | 0.3228 | -34.8% |
| 1998 | 0.093 | -71.2% |
| 1999 | 0.265 | +185.0% |
| 2000 | 0.408 | +54.0% |
| 2001 | 0.2165 | -46.9% |
| 2002 | 0.5351 | +147.2% |
| 2003 | 0.4677 | -12.6% |
| 2004 | 0.4593 | -1.8% |
| 2005 | 0.559 | +21.7% |
| 2006 | 0.5672 | +1.5% |
| 2007 | 0.5878 | +3.6% |
| 2008 | 0.5682 | -3.3% |
| 2009 | 0.5922 | +4.2% |
| 2010 | 0.5983 | +1.0% |
| 2011 | 0.575 | -3.9% |
| 2012 | 0.5778 | +0.5% |
| 2013 | 0.5747 | -0.5% |
| 2014 | 0.5836 | +1.6% |
| 2015 | 0.5877 | +0.7% |
| 2016 | 0.603 | +2.6% |
| 2017 | 0.6203 | +2.9% |
| 2018 | 0.6068 | -2.2% |
| 2019 | 0.5871 | -3.3% |
| 2020 | 0.5814 | -1.0% |
Turkey compared with similar countries
- Turkey's 0.5814 is below the median for upper middle income countries, which is 0.5976, 97% of the median. (54 countries reporting)
- Turkey's 0.5814 is below the median for Europe & Central Asia, which is 0.583, 100% of the median. (47 countries reporting)
Biggest year-on-year movements
Years where Financial Institutions Efficiency Index in Turkey 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 |
|---|---|---|---|
| 1999 | +185.0% | 0.093 | 0.265 |
| 2002 | +147.2% | 0.2165 | 0.5351 |
| 1998 | -71.2% | 0.3228 | 0.093 |
| 2000 | +54.0% | 0.265 | 0.408 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 0.5481 | 0.4531 | 0.6374 | 10 |
| 1990s | 0.3852 | 0.093 | 0.501 | 10 |
| 2000s | 0.4961 | 0.2165 | 0.5922 | 10 |
| 2010s | 0.5914 | 0.5747 | 0.6203 | 10 |
| 2020s | 0.5814 | 0.5814 | 0.5814 | 1 |
Countries ranked near Turkey
More financial sector data for Turkey
- Reserve position in the IMF, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0001 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 1.8 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 0 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0001 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 1.31 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0001 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 1.8 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 0 % change on previous year (2025)
Frequently asked questions
- What is financial institutions efficiency index in Turkey?
- Financial institutions efficiency index in Turkey was 0.5814 in 2020, according to International Monetary Fund.
- What is the highest financial institutions efficiency index recorded in Turkey?
- The highest recorded value was 0.6374 in 1983.
- What is the lowest financial institutions efficiency index recorded in Turkey?
- The lowest recorded value was 0.093 in 1998.
- How does Turkey rank for financial institutions efficiency index?
- Turkey ranks 95th out of 183 countries with data for 2020.
- Is financial institutions efficiency index rising or falling in Turkey?
- Over the last ten years it is down 2.8%. The long-run trend across the full record is rising.
- Where does this Turkey 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
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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.