Canada vs United States: Financial Development Index
Financial Development Index over time
- Canada
- United States
How they compare
United States currently reports 0.9076 against 0.8485 in Canada, a difference of 0.0591.
That makes United States's figure about 1.1 times Canada's.
The two have swapped places 9 times across 41 shared years of data; in 1980 it was Canada ahead.
Canada ranks 6th and United States ranks 4th of 183 countries.
United States has averaged higher in every one of the 5 decades both report.
Head to head by decade
| Decade | Canada | United States | Difference | Ahead |
|---|---|---|---|---|
| 1980s | 0.4175 | 0.454 | 0.0365 | United States |
| 1990s | 0.5809 | 0.7387 | 0.1578 | United States |
| 2000s | 0.792 | 0.9027 | 0.1108 | United States |
| 2010s | 0.8998 | 0.9061 | 0.0062 | United States |
| 2020s | 0.8485 | 0.9076 | 0.0591 | United States |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher financial development index, Canada or United States?
- United States, at 0.9076 against 0.8485 in Canada as of 2020.
- What is the difference in financial development index between Canada and United States?
- 0.0591, with United States ahead.
- How many years of comparable data are there for Canada and United States?
- 41 years are reported by both, from 1980 to 2020.
- How do Canada and United States rank globally for financial development index?
- Canada ranks 6th and United States ranks 4th 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.