Financial Institutions Index in Australia
Australia: Financial Institutions Index was 0.8972 in 2020. ▲ Rising
Financial Institutions Index in Australia, 1980–2020
Source: International Monetary Fund.
Analysis
In 2020, financial institutions index in Australia stood at 0.8972.
Compared with earlier readings it is down 2.0% on the previous year and down 6.4% over ten years.
Over the whole period, financial institutions index in Australia peaked at 0.9782 in 2007 and was at its lowest, 0.4479, in 1981.
Australia ranks 5th of 183 countries on this measure, in the top 10%.
The long-run direction has been consistently rising across the 41 years of available data.
Financial Institutions Index in Australia, year by year
| Year | Value | Change |
|---|---|---|
| 1980 | 0.4523 | — |
| 1981 | 0.4479 | -1.0% |
| 1982 | 0.4494 | +0.3% |
| 1983 | 0.4778 | +6.3% |
| 1984 | 0.508 | +6.3% |
| 1985 | 0.6184 | +21.7% |
| 1986 | 0.6854 | +10.8% |
| 1987 | 0.7062 | +3.0% |
| 1988 | 0.6955 | -1.5% |
| 1989 | 0.8038 | +15.6% |
| 1990 | 0.8344 | +3.8% |
| 1991 | 0.8354 | +0.1% |
| 1992 | 0.8113 | -2.9% |
| 1993 | 0.857 | +5.6% |
| 1994 | 0.8807 | +2.8% |
| 1995 | 0.8839 | +0.4% |
| 1996 | 0.8962 | +1.4% |
| 1997 | 0.9151 | +2.1% |
| 1998 | 0.9231 | +0.9% |
| 1999 | 0.9282 | +0.6% |
| 2000 | 0.9391 | +1.2% |
| 2001 | 0.9355 | -0.4% |
| 2002 | 0.9369 | +0.2% |
| 2003 | 0.939 | +0.2% |
| 2004 | 0.94 | +0.1% |
| 2005 | 0.9437 | +0.4% |
| 2006 | 0.9576 | +1.5% |
| 2007 | 0.9782 | +2.1% |
| 2008 | 0.9386 | -4.0% |
| 2009 | 0.9586 | +2.1% |
| 2010 | 0.9584 | -0.0% |
| 2011 | 0.9547 | -0.4% |
| 2012 | 0.9548 | +0.0% |
| 2013 | 0.9567 | +0.2% |
| 2014 | 0.9689 | +1.3% |
| 2015 | 0.9608 | -0.8% |
| 2016 | 0.9431 | -1.8% |
| 2017 | 0.9443 | +0.1% |
| 2018 | 0.9348 | -1.0% |
| 2019 | 0.9153 | -2.1% |
| 2020 | 0.8972 | -2.0% |
Australia compared with similar countries
- Australia's 0.8972 is above the median for high income countries, which is 0.601, 1.5× the median. (62 countries reporting)
- Australia's 0.8972 is above the median for East Asia & Pacific, which is 0.4123, 2.2× the median. (29 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 0.5845 | 0.4479 | 0.8038 | 10 |
| 1990s | 0.8765 | 0.8113 | 0.9282 | 10 |
| 2000s | 0.9467 | 0.9355 | 0.9782 | 10 |
| 2010s | 0.9492 | 0.9153 | 0.9689 | 10 |
| 2020s | 0.8972 | 0.8972 | 0.8972 | 1 |
Countries ranked near Australia
- 2 Switzerland 0.9398 compare
- 3 Canada 0.9121 compare
- 4 United Kingdom 0.8999 compare
- 6 Luxembourg 0.8879 compare
- 7 United States 0.884 compare
- 8 South Korea 0.8546 compare
More financial sector data for Australia
- Reserve position in the IMF, US dollar, annual growth rate 11.9 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0013 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 83.74 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 6.56 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0009 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 61.14 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 11.9 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0013 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 83.74 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 6.56 % change on previous year (2025)
Frequently asked questions
- What is financial institutions index in Australia?
- Financial institutions index in Australia was 0.8972 in 2020, according to International Monetary Fund.
- What is the highest financial institutions index recorded in Australia?
- The highest recorded value was 0.9782 in 2007.
- What is the lowest financial institutions index recorded in Australia?
- The lowest recorded value was 0.4479 in 1981.
- How does Australia rank for financial institutions index?
- Australia ranks 5th out of 183 countries with data for 2020.
- Is financial institutions index rising or falling in Australia?
- Over the last ten years it is down 6.4%. The long-run trend across the full record is rising.
- Where does this Australia 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
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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.