Africa vs South Korea: Financial Development Index
Financial Development Index over time
- Africa
- South Korea
How they compare
South Korea currently reports 0.8316 against 0.1561 in Africa, a difference of 0.6755.
That makes South Korea's figure about 5.3 times Africa's.
Across all 41 years both countries report, South Korea has been ahead every year.
Africa ranks 8th and South Korea ranks 7th of 9 groups.
South Korea has averaged higher in every one of the 5 decades both report.
Head to head by decade
| Decade | Africa | South Korea | Difference | Ahead |
|---|---|---|---|---|
| 1980s | 0.0924 | 0.4897 | 0.3973 | South Korea |
| 1990s | 0.1099 | 0.587 | 0.4771 | South Korea |
| 2000s | 0.1222 | 0.7907 | 0.6685 | South Korea |
| 2010s | 0.1493 | 0.8324 | 0.683 | South Korea |
| 2020s | 0.1561 | 0.8316 | 0.6755 | South Korea |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher financial development index, Africa or South Korea?
- South Korea, at 0.8316 against 0.1561 in Africa as of 2020.
- What is the difference in financial development index between Africa and South Korea?
- 0.6755, with South Korea ahead.
- How many years of comparable data are there for Africa and South Korea?
- 41 years are reported by both, from 1980 to 2020.
- How do Africa and South Korea rank globally for financial development index?
- Africa ranks 8th and South Korea ranks 7th of 9 groups.
- Where does this data come from?
- International Monetary Fund, published as Financial Development Index. Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
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.