Australia vs Latin America and the Caribbean (LAC): Financial Development Index
Financial Development Index over time
- Australia
- Latin America and the Caribbean (LAC)
How they compare
Australia currently reports 0.9076 against 0.3306 in Latin America and the Caribbean (LAC), a difference of 0.577.
That makes Australia's figure about 2.7 times Latin America and the Caribbean (LAC)'s.
Across all 41 years both countries report, Australia has been ahead every year.
Australia ranks 3rd and Latin America and the Caribbean (LAC) ranks 5th of 183 countries.
Australia has averaged higher in every one of the 5 decades both report.
Head to head by decade
| Decade | Australia | Latin America and the Caribbean (LAC) | Difference | Ahead |
|---|---|---|---|---|
| 1980s | 0.4158 | 0.2068 | 0.209 | Australia |
| 1990s | 0.6723 | 0.226 | 0.4463 | Australia |
| 2000s | 0.9177 | 0.2726 | 0.6452 | Australia |
| 2010s | 0.9126 | 0.3149 | 0.5977 | Australia |
| 2020s | 0.9076 | 0.3306 | 0.577 | Australia |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher financial development index, Australia or Latin America and the Caribbean (LAC)?
- Australia, at 0.9076 against 0.3306 in Latin America and the Caribbean (LAC) as of 2020.
- What is the difference in financial development index between Australia and Latin America and the Caribbean (LAC)?
- 0.577, with Australia ahead.
- How many years of comparable data are there for Australia and Latin America and the Caribbean (LAC)?
- 41 years are reported by both, from 1980 to 2020.
- How do Australia and Latin America and the Caribbean (LAC) rank globally for financial development index?
- Australia ranks 3rd and Latin America and the Caribbean (LAC) ranks 5th of 183 countries.
- 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.