Financial Institutions Index in Africa
Africa: Financial Institutions Index was 0.2479 in 2020. β² Rising
Financial Institutions Index in Africa, 1980β2020
Source: International Monetary Fund.
Analysis
The most recent figure for financial institutions index in Africa is 0.2479, measured in 2020. That is the highest value across all 41 years on record.
That represents a change of up 2.1% on the previous year and up 10.9% over ten years.
Over the whole period, financial institutions index in Africa peaked at 0.2479 in 2020 and was at its lowest, 0.1469, in 1988.
The long-run direction has been consistently rising across the 41 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 0.1514 | 0.1469 | 0.1588 | 10 |
| 1990s | 0.1744 | 0.1629 | 0.1872 | 10 |
| 2000s | 0.1924 | 0.179 | 0.2145 | 10 |
| 2010s | 0.2349 | 0.2236 | 0.2427 | 10 |
| 2020s | 0.2479 | 0.2479 | 0.2479 | 1 |
Countries ranked near Africa
- 6 Luxembourg 0.8879 compare
- 7 United States 0.884 compare
- 8 Korea 0.8546 compare
- 9 Macau (China) 0.8519 compare
- 10 France 0.8332 compare
- 11 Spain 0.8103 compare
- 12 Hong Kong (China) 0.7875 compare
More financial sector data for Africa
- Financial Institutions Access Index 0.1373 (2020)
- Financial Institutions Depth Index 0.1313 (2020)
- Financial Institutions Efficiency Index 0.5125 (2020)
- Financial Development Index 0.1561 (2020)
- Financial Markets Access Index 0.0681 (2020)
- Financial Markets Depth Index 0.0853 (2020)
- Financial Markets Efficiency Index 0.0145 (2020)
- Financial Markets Index 0.0586 (2020)
- Total reserves includes gold 27.4% (2011)
- Claims on governments and other public entities 1.23 billion current LCU (2007)
Frequently asked questions
- What is financial institutions index in Africa?
- Financial institutions index in Africa was 0.2479 in 2020, according to International Monetary Fund.
- What is the highest financial institutions index recorded in Africa?
- The highest recorded value was 0.2479 in 2020.
- What is the lowest financial institutions index recorded in Africa?
- The lowest recorded value was 0.1469 in 1988.
- How does Africa rank for financial institutions index?
- Africa ranks 9th out of 9 regions with data for 2020.
- Is financial institutions index rising or falling in Africa?
- Over the last ten years it is up 10.9%. The long-run trend across the full record is rising.
- Where does this Africa data come from?
- The figures come from International Monetary Fund, published as part of Financial Institutions 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.