Canada vs Korea: Financial Development Index
Financial Development Index over time
- Canada
- Korea
How they compare
Canada currently reports 0.8485 against 0.8316 in Korea, a difference of 0.0169.
The two have swapped places 3 times across 41 shared years of data; in 1980 it was Korea ahead.
Canada ranks 6th and Korea ranks 7th of 183 countries.
Across the 5 decades both report, Canada averaged higher in 3 and Korea in 2.
Head to head by decade
| Decade | Canada | Korea | Difference | Ahead |
|---|---|---|---|---|
| 1980s | 0.4175 | 0.4897 | 0.0723 | Korea |
| 1990s | 0.5809 | 0.587 | 0.0061 | Korea |
| 2000s | 0.792 | 0.7907 | 0.0012 | Canada |
| 2010s | 0.8998 | 0.8324 | 0.0675 | Canada |
| 2020s | 0.8485 | 0.8316 | 0.017 | Canada |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher financial development index, Canada or Korea?
- Canada, at 0.8485 against 0.8316 in Korea as of 2020.
- What is the difference in financial development index between Canada and Korea?
- 0.0169, with Canada ahead.
- How many years of comparable data are there for Canada and Korea?
- 41 years are reported by both, from 1980 to 2020.
- How do Canada and Korea rank globally for financial development index?
- Canada ranks 6th and Korea ranks 7th 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.