Which has higher financial development index, Jamaica or Philippines?

Philippines, at 0.3712 against 0.3674 in Jamaica as of 2020.

What is the difference in financial development index between Jamaica and Philippines?

0.0038, with Philippines ahead.

How many years of comparable data are there for Jamaica and Philippines?

41 years are reported by both, from 1980 to 2020.

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.

Jamaica vs Philippines: Financial Development Index

Jamaica

0.3674

in 2020

Philippines

0.3712

in 2020

Jamaica rank

62nd

Philippines rank

60th

Financial Development Index over time

Jamaica
Philippines

How they compare

Philippines currently reports 0.3712 against 0.3674 in Jamaica, a difference of 0.0038.

The two have swapped places 4 times across 41 shared years of data; in 1980 it was Philippines ahead.

Jamaica ranks 62nd and Philippines ranks 60th of 183 countries.

Philippines has averaged higher in every one of the 5 decades both report.

Head to head by decade

Decade	Jamaica	Philippines	Difference	Ahead
1980s	0.2667	0.2947	0.028	Philippines
1990s	0.2198	0.3402	0.1204	Philippines
2000s	0.2423	0.3105	0.0682	Philippines
2010s	0.3129	0.344	0.0311	Philippines
2020s	0.3674	0.3712	0.0038	Philippines

Averages of every year both report within each decade.

Frequently asked questions

Which has higher financial development index, Jamaica or Philippines?: Philippines, at 0.3712 against 0.3674 in Jamaica as of 2020.
What is the difference in financial development index between Jamaica and Philippines?: 0.0038, with Philippines ahead.
How many years of comparable data are there for Jamaica and Philippines?: 41 years are reported by both, from 1980 to 2020.
How do Jamaica and Philippines rank globally for financial development index?: Jamaica ranks 62nd and Philippines ranks 60th 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.

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Jamaica vs Philippines: Financial Development Index. Statizoid, drawing on International Monetary Fund. Retrieved 19 August 2026, from https://financial-sector.statizoid.com/compare/financial-development-index/jamaica/philippines/

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About this data

Indicator: Financial Development Index
Source: International Monetary Fund
Licence: IMF Terms and Conditions (attribution required)
Coverage: 192 places, 7,872 data points, 1980–2020
Last refreshed: 19 August 2026

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.