Financial Institutions Index in Venezuela
Venezuela: Financial Institutions Index was 0.3152 in 2020. ▲ Rising
Financial Institutions Index in Venezuela, 1980–2020
Source: International Monetary Fund.
Analysis
In 2020, financial institutions index in Venezuela stood at 0.3152.
The figure is up 17.4% on the previous year and down 12.1% over ten years.
Over the whole period, financial institutions index in Venezuela peaked at 0.4481 in 2015 and was at its lowest, 0.1905, in 1984.
That places Venezuela 116th 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 Index in Venezuela, year by year
| Year | Value | Change |
|---|---|---|
| 1980 | 0.2221 | — |
| 1981 | 0.2149 | -3.3% |
| 1982 | 0.2418 | +12.5% |
| 1983 | 0.2562 | +6.0% |
| 1984 | 0.1905 | -25.7% |
| 1985 | 0.1916 | +0.6% |
| 1986 | 0.2422 | +26.4% |
| 1987 | 0.2259 | -6.7% |
| 1988 | 0.3015 | +33.5% |
| 1989 | 0.3088 | +2.4% |
| 1990 | 0.2583 | -16.4% |
| 1991 | 0.2806 | +8.7% |
| 1992 | 0.2696 | -3.9% |
| 1993 | 0.2498 | -7.4% |
| 1994 | 0.2352 | -5.8% |
| 1995 | 0.2231 | -5.2% |
| 1996 | 0.2627 | +17.8% |
| 1997 | 0.2468 | -6.1% |
| 1998 | 0.2387 | -3.3% |
| 1999 | 0.2033 | -14.8% |
| 2000 | 0.2016 | -0.9% |
| 2001 | 0.2202 | +9.3% |
| 2002 | 0.2438 | +10.7% |
| 2003 | 0.2532 | +3.8% |
| 2004 | 0.2675 | +5.7% |
| 2005 | 0.2916 | +9.0% |
| 2006 | 0.3113 | +6.8% |
| 2007 | 0.331 | +6.3% |
| 2008 | 0.3252 | -1.7% |
| 2009 | 0.3352 | +3.1% |
| 2010 | 0.3588 | +7.0% |
| 2011 | 0.3669 | +2.3% |
| 2012 | 0.3916 | +6.7% |
| 2013 | 0.4019 | +2.6% |
| 2014 | 0.4262 | +6.0% |
| 2015 | 0.4481 | +5.1% |
| 2016 | 0.3855 | -14.0% |
| 2017 | 0.3773 | -2.1% |
| 2018 | 0.3657 | -3.1% |
| 2019 | 0.2686 | -26.6% |
| 2020 | 0.3152 | +17.4% |
Venezuela compared with similar countries
- Venezuela's 0.3152 is above the median for lower middle income countries, which is 0.2568, 1.2× the median. (45 countries reporting)
- Venezuela's 0.3152 is below the median for Latin America & Caribbean, which is 0.4608, 68% of the median. (33 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 0.2396 | 0.1905 | 0.3088 | 10 |
| 1990s | 0.2468 | 0.2033 | 0.2806 | 10 |
| 2000s | 0.2781 | 0.2016 | 0.3352 | 10 |
| 2010s | 0.3791 | 0.2686 | 0.4481 | 10 |
| 2020s | 0.3152 | 0.3152 | 0.3152 | 1 |
Countries ranked near Venezuela
- 113 Saudi Arabia 0.3394 compare
- 114 Dominican Republic 0.338 compare
- 115 Bahrain 0.322 compare
- 117 Tajikistan 0.3117 compare
- 118 Paraguay 0.305 compare
- 119 Egypt 0.2999 compare
More financial sector data for Venezuela
- 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 0.0035 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 12.24 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 0.0026 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 8.94 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 0.0035 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 12.24 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 0 % change on previous year (2025)
Frequently asked questions
- What is financial institutions index in Venezuela?
- Financial institutions index in Venezuela was 0.3152 in 2020, according to International Monetary Fund.
- What is the highest financial institutions index recorded in Venezuela?
- The highest recorded value was 0.4481 in 2015.
- What is the lowest financial institutions index recorded in Venezuela?
- The lowest recorded value was 0.1905 in 1984.
- How does Venezuela rank for financial institutions index?
- Venezuela ranks 116th out of 183 countries with data for 2020.
- Is financial institutions index rising or falling in Venezuela?
- Over the last ten years it is down 12.1%. 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 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.