Which has higher financial markets efficiency index, North Macedonia or Rwanda?

Rwanda, at 0 against 0 in North Macedonia as of 2020.

How many years of comparable data are there for North Macedonia and Rwanda?

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

Where does this data come from?

International Monetary Fund, published as Financial Markets Efficiency Index. Statizoid refreshes it automatically from the source and publishes the full history for both places.

North Macedonia vs Rwanda: Financial Markets Efficiency Index

North Macedonia

in 2020

Rwanda

in 2020

North Macedonia rank

94th

Rwanda rank

93rd

Financial Markets Efficiency Index over time

North Macedonia
Rwanda

How they compare

Rwanda currently reports 0 against 0 in North Macedonia, a difference of 0.

Across all 41 years both countries report, Rwanda has been ahead every year.

North Macedonia ranks 94th and Rwanda ranks 93rd of 183 countries.

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

Head to head by decade

Decade	North Macedonia	Rwanda	Difference	Ahead
1980s	0	0	0	Rwanda
1990s	0	0	0	Rwanda
2000s	0	0	0	Rwanda
2010s	0	0	0	Rwanda
2020s	0	0	0	Rwanda

Averages of every year both report within each decade.

Frequently asked questions

Which has higher financial markets efficiency index, North Macedonia or Rwanda?: Rwanda, at 0 against 0 in North Macedonia as of 2020.
What is the difference in financial markets efficiency index between North Macedonia and Rwanda?: 0, with Rwanda ahead.
How many years of comparable data are there for North Macedonia and Rwanda?: 41 years are reported by both, from 1980 to 2020.
How do North Macedonia and Rwanda rank globally for financial markets efficiency index?: North Macedonia ranks 94th and Rwanda ranks 93rd of 183 countries.
Where does this data come from?: International Monetary Fund, published as Financial Markets Efficiency Index. Statizoid refreshes it automatically from the source and publishes the full history for both places.

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North Macedonia vs Rwanda: Financial Markets Efficiency Index. Statizoid, drawing on International Monetary Fund. Retrieved 19 August 2026, from https://financial-sector.statizoid.com/compare/financial-markets-efficiency-index/north-macedonia/rwanda/

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About this data

Indicator: Financial Markets Efficiency 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.