Africa vs Spain: Financial Development Index
Financial Development Index over time
- Africa
- Spain
How they compare
Spain currently reports 0.8267 against 0.1561 in Africa, a difference of 0.6706.
That makes Spain's figure about 5.3 times Africa's.
Across all 41 years both countries report, Spain has been ahead every year.
Africa ranks 8th and Spain ranks 8th of 9 groups.
Spain has averaged higher in every one of the 5 decades both report.
Head to head by decade
| Decade | Africa | Spain | Difference | Ahead |
|---|---|---|---|---|
| 1980s | 0.0924 | 0.3064 | 0.2139 | Spain |
| 1990s | 0.1099 | 0.5616 | 0.4517 | Spain |
| 2000s | 0.1222 | 0.8513 | 0.7291 | Spain |
| 2010s | 0.1493 | 0.8514 | 0.7021 | Spain |
| 2020s | 0.1561 | 0.8267 | 0.6706 | Spain |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher financial development index, Africa or Spain?
- Spain, at 0.8267 against 0.1561 in Africa as of 2020.
- What is the difference in financial development index between Africa and Spain?
- 0.6706, with Spain ahead.
- How many years of comparable data are there for Africa and Spain?
- 41 years are reported by both, from 1980 to 2020.
- How do Africa and Spain rank globally for financial development index?
- Africa ranks 8th and Spain ranks 8th 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.