South Korea vs Low-Income and Developing Countries: Financial Institutions Index
Financial Institutions Index over time
- South Korea
- Low-Income and Developing Countries
How they compare
South Korea currently reports 0.8546 against 0.2519 in Low-Income and Developing Countries, a difference of 0.6027.
That makes South Korea's figure about 3.4 times Low-Income and Developing Countries's.
Across all 41 years both countries report, South Korea has been ahead every year.
South Korea ranks 8th and Low-Income and Developing Countries ranks 8th of 183 countries.
South Korea has averaged higher in every one of the 5 decades both report.
Head to head by decade
| Decade | South Korea | Low-Income and Developing Countries | Difference | Ahead |
|---|---|---|---|---|
| 1980s | 0.6089 | 0.1453 | 0.4637 | South Korea |
| 1990s | 0.6447 | 0.1699 | 0.4748 | South Korea |
| 2000s | 0.7591 | 0.1954 | 0.5637 | South Korea |
| 2010s | 0.8082 | 0.2325 | 0.5757 | South Korea |
| 2020s | 0.8546 | 0.2519 | 0.6026 | South Korea |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher financial institutions index, South Korea or Low-Income and Developing Countries?
- South Korea, at 0.8546 against 0.2519 in Low-Income and Developing Countries as of 2020.
- What is the difference in financial institutions index between South Korea and Low-Income and Developing Countries?
- 0.6027, with South Korea ahead.
- How many years of comparable data are there for South Korea and Low-Income and Developing Countries?
- 41 years are reported by both, from 1980 to 2020.
- How do South Korea and Low-Income and Developing Countries rank globally for financial institutions index?
- South Korea ranks 8th and Low-Income and Developing Countries ranks 8th of 183 countries.
- Where does this data come from?
- International Monetary Fund, published as Financial Institutions 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.