Georgia: Financial institutions development

The latest value from 2021 is 0.619 index points, an increase from 0.58 index points in 2020. In comparison, the world average is 0.436 index points, based on data from 178 countries. Historically, the average for Georgia from 1994 to 2021 is 0.309 index points. The minimum value, 0.129 index points, was reached in 1994 while the maximum of 0.619 index points was recorded in 2021. See the global rankings for that indicator or use the country comparator to compare trends over time.

Definition: An index for overall financial institutions development based on the three subindexes for depth, access, and efficiency from the indictors menu. See Svirydzenka, Katsiaryna (IMF, 2016) for more detail.