Financial Institutions Efficiency Index in Venezuela
Venezuela: Financial Institutions Efficiency Index was 0.4533 in 2020. β² Rising
Financial Institutions Efficiency Index in Venezuela, 1980β2020
Source: International Monetary Fund.
Analysis
In 2020, financial institutions efficiency index in Venezuela stood at 0.4533.
That represents a change of up 66.5% on the previous year and down 22.9% over ten years.
Over the whole period, financial institutions efficiency index in Venezuela peaked at 0.7318 in 2015 and was at its lowest, 0.2722, in 2019.
That places Venezuela 163rd out of 183 countries with data for 2020, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 41 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 0.3861 | 0.278 | 0.5711 | 10 |
| 1990s | 0.4935 | 0.3826 | 0.6052 | 10 |
| 2000s | 0.4904 | 0.3503 | 0.5732 | 10 |
| 2010s | 0.6147 | 0.2722 | 0.7318 | 10 |
| 2020s | 0.4533 | 0.4533 | 0.4533 | 1 |
Countries ranked near Venezuela
- 160 Kazakhstan 0.4634 compare
- 161 Solomon Islands 0.4593 compare
- 162 Kyrgyzstan 0.4587 compare
- 164 Argentina 0.4515 compare
- 165 Gambia 0.449 compare
- 166 Chad 0.4451 compare
More financial sector data for Venezuela
- Net domestic credit (current LCU), per capita 0 current LCU per person (2013)
- Net domestic credit (current LCU), per unit of GDP 0 current LCU per US$ of GDP (2013)
- Net domestic credit (current LCU), annual growth rate 75.91 % change on previous year (2013)
- Gold reserves at 35 SDRs per ounce 182.48 million SDR (2017)
- Gold reserves at market value 4.75 billion SDR (2017)
- Reserves excluding gold, foreign exchange 1.24 billion SDR (2017)
- Reserves excluding gold 2.13 billion SDR (2017)
- Total reserves (gold at market value) 6.88 billion SDR (2017)
- Total reserves (gold at national valuation) 6.78 billion SDR (2017)
- Domestic credit to private sector by banks 23.9% (2015)
Frequently asked questions
- What is financial institutions efficiency index in Venezuela?
- Financial institutions efficiency index in Venezuela was 0.4533 in 2020, according to International Monetary Fund.
- What is the highest financial institutions efficiency index recorded in Venezuela?
- The highest recorded value was 0.7318 in 2015.
- What is the lowest financial institutions efficiency index recorded in Venezuela?
- The lowest recorded value was 0.2722 in 2019.
- How does Venezuela rank for financial institutions efficiency index?
- Venezuela ranks 163rd out of 183 countries with data for 2020.
- Is financial institutions efficiency index rising or falling in Venezuela?
- Over the last ten years it is down 22.9%. The long-run trend across the full record is rising.
- Where does this Venezuela 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
CSV Β· JSON β 41 observations, free to reuse under IMF Terms and Conditions (attribution required).
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.