Latin America and the Caribbean (LAC) vs United States of America: Financial Development Index
Financial Development Index over time
- Latin America and the Caribbean (LAC)
- United States of America
How they compare
United States of America currently reports 0.9076 against 0.3306 in Latin America and the Caribbean (LAC), a difference of 0.577.
That makes United States of America's figure about 2.7 times Latin America and the Caribbean (LAC)'s.
Across all 41 years both countries report, United States of America has been ahead every year.
Latin America and the Caribbean (LAC) ranks 5th and United States of America ranks 4th of 9 groups.
United States of America has averaged higher in every one of the 5 decades both report.
Head to head by decade
| Decade | Latin America and the Caribbean (LAC) | United States of America | Difference | Ahead |
|---|---|---|---|---|
| 1980s | 0.2068 | 0.454 | 0.2472 | United States of America |
| 1990s | 0.226 | 0.7387 | 0.5128 | United States of America |
| 2000s | 0.2726 | 0.9027 | 0.6301 | United States of America |
| 2010s | 0.3149 | 0.9061 | 0.5912 | United States of America |
| 2020s | 0.3306 | 0.9076 | 0.577 | United States of America |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher financial development index, Latin America and the Caribbean (LAC) or United States of America?
- United States of America, 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 Latin America and the Caribbean (LAC) and United States of America?
- 0.577, with United States of America ahead.
- How many years of comparable data are there for Latin America and the Caribbean (LAC) and United States of America?
- 41 years are reported by both, from 1980 to 2020.
- How do Latin America and the Caribbean (LAC) and United States of America rank globally for financial development index?
- Latin America and the Caribbean (LAC) ranks 5th and United States of America ranks 4th of 9 groups.
- 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.