Greece: Financial institutions development, depth

* indicates monthly or quarterly data series
 Greece

Financial institutions development, depth

 Latest value 0.214
 Year 2021
 Measure index points
 Data availability 1982 - 2021
 Average 0.268
 Min - Max 0.112 - 0.336
 Source International Monetary Fund
 Available for Data download
The latest value from 2021 is 0.214 index points, a decline from 0.274 index points in 2020. In comparison, the world average is 0.291 index points, based on data from 175 countries. Historically, the average for Greece from 1982 to 2021 is 0.268 index points. The minimum value, 0.112 index points, was reached in 1982 while the maximum of 0.336 index points was recorded in 1989. See the global rankings for that indicator or use the country comparator to compare trends over time.
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 Recent values Greece: Financial institutions development, depth
 2021 0.214
 2020 0.274
 2019 0.263
 2018 0.275
 2017 0.294
 2016 0.306
 2015 0.311
 2014 0.324




Definition: Measures the development of financial institutions in terms of depth. Constructed as a principal component of the following variables: Private-sector credit to GDP; Pension fund assets to GDP; Mutual fund assets to GDP; and Insurance premiums, life and non-life, to GDP. See Svirydzenka, Katsiaryna (IMF, 2016) for more detail.

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 Related indicators Latest Reference Measure
 Financial development 0.474 2021 index points
 Financial institutions development 0.430 2021 index points
 Financial institutions development, depth 0.214 2021 index points
 Financial institutions development, access 0.479 2021 index points
 Financial institutions development, efficiency 0.486 2021 index points
 Financial markets development 0.498 2021 index points
 Financial markets development, depth 0.405 2021 index points
 Financial markets development, access 0.688 2021 index points
 Financial markets development, efficiency 0.399 2021 index points
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