International Comparisons:.Coverage Ratio to Per Capita GDP in 1999
Average coverage ratio = 3X per capita GDP
Africa has the highest coverage: 6.2X per capita GDP
Europe has the lowest coverage: 1.6X per capita GDP
U.S. deposit coverage = 3.2X per capita GDP
IMF Rule of Thumb: 1 to 2X per capita GDP
Source: Garcia, Gillian, 1999, “Deposit Insurance: A Survey of Actual and Best Practices,” IMF Working Paper No. 99/54(Washington: International Monetary Fund)