Korea vs Low-Income and Developing Countries: Financial Development Index
Financial Development Index over time
- Korea
- Low-Income and Developing Countries
How they compare
Korea currently reports 0.8316 against 0.1425 in Low-Income and Developing Countries, a difference of 0.6891.
That makes Korea's figure about 5.8 times Low-Income and Developing Countries's.
Across all 41 years both countries report, Korea has been ahead every year.
Korea ranks 7th and Low-Income and Developing Countries ranks 9th of 183 countries.
Korea has averaged higher in every one of the 5 decades both report.
Head to head by decade
| Decade | Korea | Low-Income and Developing Countries | Difference | Ahead |
|---|---|---|---|---|
| 1980s | 0.4897 | 0.0819 | 0.4079 | Korea |
| 1990s | 0.587 | 0.097 | 0.4901 | Korea |
| 2000s | 0.7907 | 0.1107 | 0.68 | Korea |
| 2010s | 0.8324 | 0.132 | 0.7003 | Korea |
| 2020s | 0.8316 | 0.1425 | 0.6891 | Korea |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher financial development index, Korea or Low-Income and Developing Countries?
- Korea, at 0.8316 against 0.1425 in Low-Income and Developing Countries as of 2020.
- What is the difference in financial development index between Korea and Low-Income and Developing Countries?
- 0.6891, with Korea ahead.
- How many years of comparable data are there for Korea and Low-Income and Developing Countries?
- 41 years are reported by both, from 1980 to 2020.
- How do Korea and Low-Income and Developing Countries rank globally for financial development index?
- Korea ranks 7th and Low-Income and Developing Countries ranks 9th 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.