Statizoid

Financial Development Index by country

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...

Countries reporting
183
Highest
0.9478
Switzerland
Lowest
0.0393
Central African Republic
Median
0.2574
Years covered
41
1980–2020
Data points
7,872

What the numbers show

Financial Development Index is currently reported for 183 countries. The highest value is 0.9478 in Switzerland; the lowest is 0.0393 in Central African Republic.

The median across all reporting countries is 0.2574, and the mean is 0.3241.

The gap between the highest and lowest reporting country is a factor of about 24.

Over the past decade 117 countries rose and 66 fell. The largest increase was in Tajikistan (up 111.3%), and the largest decrease in Slovenia (down 34.2%).

Financial Development Index: full country ranking

#Country LatestYear 10-year changeTrend
1 Switzerland 0.9478 2020 down 2.4% rising
2 Japan 0.9245 2020 up 13.3% rising
3 Australia 0.9076 2020 down 5.0% rising
4 United States 0.9076 2020 down 0.1% rising
5 United Kingdom 0.8908 2020 down 0.6% rising
6 Canada 0.8485 2020 down 2.5% rising
7 South Korea 0.8316 2020 up 2.3% rising
8 Spain 0.8267 2020 down 1.3% rising
9 France 0.801 2020 up 0.7% rising
10 Hong Kong 0.7794 2020 up 1.3% rising
11 Italy 0.7732 2020 up 2.3% rising
12 Germany 0.7451 2020 up 0.7% rising
13 Luxembourg 0.7405 2020 up 0.4% rising
14 Thailand 0.7372 2020 up 16.6% rising
15 Malaysia 0.7254 2020 up 13.5% rising
16 Sweden 0.7243 2020 down 9.7% rising
17 Singapore 0.6972 2020 down 1.2% rising
18 China 0.6718 2020 up 30.2% rising
19 Netherlands 0.6698 2020 down 16.7% rising
20 Brazil 0.6622 2020 up 8.5% rising
21 Norway 0.6614 2020 down 11.1% rising
22 Denmark 0.659 2020 down 10.3% rising
23 Portugal 0.6527 2020 down 9.4% rising
24 Finland 0.642 2020 up 1.2% rising
25 Belgium 0.6408 2020 down 3.8% rising
26 Ireland 0.6378 2020 down 12.3% rising
27 New Zealand 0.6256 2020 up 13.5% rising
28 South Africa 0.6215 2020 up 5.6% rising
29 Austria 0.621 2020 down 6.1% rising
30 Israel 0.5926 2020 down 6.8% rising
31 Turkey 0.5395 2020 up 10.7% rising
32 Qatar 0.5338 2020 down 6.5% rising
33 Malta 0.5336 2020 up 5.3% rising
34 Russia 0.5305 2020 up 2.2% volatile
35 Chile 0.524 2020 up 2.6% rising
36 India 0.5158 2020 up 11.8% rising
37 Cyprus 0.4946 2020 down 18.7% rising
38 Iceland 0.4828 2020 down 5.7% rising
39 Macao 0.4828 2020 up 26.2% rising
40 Greece 0.4822 2020 down 23.2% rising
41 Bahamas 0.4819 2020 up 2.1% rising
42 Croatia 0.4784 2020 down 0.4% volatile
43 Panama 0.4745 2020 up 24.1% rising
44 Iran 0.4741 2020 up 47.9% rising
45 Mauritius 0.4682 2020 up 22.5% rising
46 United Arab Emirates 0.462 2020 up 5.5% rising
47 Hungary 0.459 2020 down 17.9% rising
48 Czechia 0.4521 2020 up 1.9% volatile
49 Poland 0.4512 2020 up 1.5% rising
50 Saudi Arabia 0.4467 2020 up 5.9% rising
51 Namibia 0.4142 2020 down 17.1% volatile
52 Bahrain 0.4108 2020 down 8.8% rising
53 Mexico 0.407 2020 up 6.5% rising
54 Barbados 0.3976 2020 down 1.7% rising
55 Colombia 0.3943 2020 up 15.7% rising
56 Vietnam 0.3887 2020 down 14.5% volatile
57 Peru 0.3818 2020 up 29.6% rising
58 Bulgaria 0.3768 2020 up 3.1% volatile
59 Kuwait 0.3716 2020 down 17.8% rising
60 Philippines 0.3712 2020 up 18.1% rising
61 Oman 0.3695 2020 up 2.2% rising
62 Jamaica 0.3674 2020 up 45.9% rising
63 Trinidad and Tobago 0.3637 2020 up 11.6% rising
64 Indonesia 0.3633 2020 up 26.2% rising
65 Seychelles 0.3588 2020 up 10.3% rising
66 Botswana 0.355 2020 up 0.2% rising
67 Morocco 0.3548 2020 up 3.8% rising
68 Jordan 0.3486 2020 down 23.0% falling
69 Slovenia 0.3371 2020 down 34.2% volatile
70 Bolivia 0.3346 2020 up 66.7% rising
71 Mongolia 0.3305 2020 up 30.5% volatile
72 Saint Lucia 0.328 2020 down 3.8% rising
73 Kazakhstan 0.325 2020 up 6.6% volatile
74 Brunei 0.3228 2020 down 2.3% volatile
75 Uruguay 0.3148 2020 up 61.8% rising
76 Argentina 0.3144 2020 up 18.6% rising
77 Lebanon 0.3136 2020 down 2.8% rising
78 Georgia 0.3065 2020 up 82.9% volatile
79 Egypt 0.2997 2020 down 4.4% rising
80 Saint Kitts and Nevis 0.2954 2020 up 2.7% rising
81 Aruba 0.2912 2020 up 35.0% rising
82 Slovakia 0.2827 2020 up 2.5% volatile
83 Grenada 0.2814 2020 down 11.3% rising
84 Estonia 0.2794 2020 down 9.0% volatile
85 Costa Rica 0.2784 2020 up 27.2% rising
86 Uzbekistan 0.2782 2020 up 53.1% volatile
87 Antigua and Barbuda 0.2776 2020 down 11.5% rising
88 Romania 0.2681 2020 down 5.6% rising
89 Venezuela 0.2643 2020 up 27.2% rising
90 Sri Lanka 0.2634 2020 down 5.2% rising
91 Bosnia and Herzegovina 0.2576 2020 up 16.5% volatile
92 Cape Verde 0.2574 2020 up 8.1% rising
93 Armenia 0.2561 2020 up 49.5% volatile
94 North Macedonia 0.2517 2020 up 10.2% volatile
95 Serbia 0.2512 2020 up 8.7% volatile
96 Bangladesh 0.2439 2020 up 8.4% rising
97 El Salvador 0.2368 2020 up 34.8% rising
98 Tunisia 0.2367 2020 up 7.7% rising
99 Pakistan 0.2294 2020 up 12.9% rising
100 Tonga 0.2279 2020 up 51.1% rising
101 Belize 0.2252 2020 down 7.1% falling
102 Nigeria 0.2225 2020 up 9.5% rising
103 Honduras 0.2219 2020 up 23.6% rising
104 Moldova 0.2179 2020 down 2.9% volatile
105 Samoa 0.2168 2020 up 23.7% rising
106 Dominica 0.2148 2020 down 3.8% rising
107 Nepal 0.214 2020 up 57.2% rising
108 Guatemala 0.2124 2020 down 0.1% flat
109 Suriname 0.2123 2020 up 15.2% rising
110 Fiji 0.2109 2020 up 10.0% rising
111 Bhutan 0.2104 2020 up 26.2% rising
112 Latvia 0.2092 2020 down 32.1% volatile
113 Lithuania 0.2052 2020 down 17.6% volatile
114 Saint Vincent and the Grenadines 0.2024 2020 up 4.6% rising
115 Zambia 0.1946 2020 up 12.1% rising
116 Albania 0.1943 2020 down 1.6% volatile
117 Ukraine 0.1942 2020 down 14.1% volatile
118 Maldives 0.1912 2020 up 28.2% rising
119 Vanuatu 0.1902 2020 up 7.5% rising
120 Cambodia 0.1898 2020 up 88.8% volatile
121 Dominican Republic 0.1806 2020 up 28.4% rising
122 Azerbaijan 0.1783 2020 up 32.3% volatile
123 Togo 0.1781 2020 up 82.3% rising
124 Papua New Guinea 0.1763 2020 down 14.7% rising
125 Paraguay 0.1735 2020 up 38.6% rising
126 Ghana 0.1695 2020 up 39.5% rising
127 Laos 0.1682 2020 up 11.8% volatile
128 Tajikistan 0.1603 2020 up 111.3% volatile
129 Burundi 0.1593 2020 up 49.8% rising
130 Liberia 0.1582 2020 up 11.2% rising
131 Kenya 0.1566 2020 down 3.9% rising
132 Mozambique 0.1554 2020 up 32.1% volatile
133 Eswatini 0.1552 2020 up 9.3% rising
134 Belarus 0.1547 2020 down 16.8% volatile
135 Guyana 0.1464 2020 up 7.6% flat
136 Angola 0.1431 2020 down 4.8% volatile
137 Lesotho 0.143 2020 down 0.8% rising
138 Cote d'Ivoire 0.1417 2020 down 11.0% rising
139 Kyrgyzstan 0.1374 2020 up 53.0% volatile
140 Algeria 0.1373 2020 up 8.3% rising
141 Djibouti 0.1341 2020 down 1.9% rising
142 Nicaragua 0.1315 2020 up 15.3% rising
143 Ecuador 0.1305 2020 down 21.9% falling
144 Mauritania 0.1289 2020 up 43.0% rising
145 Libya 0.1276 2020 up 1.2% flat
146 Mali 0.1233 2020 up 28.2% rising
147 Rwanda 0.1231 2020 up 29.5% falling
148 Gabon 0.1223 2020 up 30.1% rising
149 Benin 0.122 2020 up 18.0% falling
150 Burkina Faso 0.1218 2020 up 45.4% falling
151 Myanmar 0.1192 2020 up 45.2% rising
152 Yemen 0.1177 2020 up 2.6% volatile
153 Senegal 0.1128 2020 up 17.6% rising
154 Syria 0.1111 2020 up 10.5% rising
155 Ethiopia 0.1092 2020 down 2.7% falling
156 Sao Tome and Principe 0.1084 2020 down 14.0% volatile
157 Congo 0.1067 2020 up 18.0% rising
158 Turkmenistan 0.1033 2020 up 11.9% volatile
159 East Timor 0.1019 2020 up 30.1% volatile
160 Uganda 0.1019 2020 up 28.6% rising
161 Niger 0.0994 2020 down 1.5% falling
162 Madagascar 0.0992 2020 up 26.0% rising
163 Guinea 0.098 2020 up 47.5% volatile
164 Kiribati 0.0976 2020 down 7.7% volatile
165 Marshall Islands 0.0966 2020 down 13.0% volatile
166 Malawi 0.0954 2020 up 21.2% rising
167 Sudan 0.0947 2020 up 10.3% rising
168 Gambia 0.0935 2020 up 8.9% falling
169 Solomon Islands 0.0929 2020 up 5.2% falling
170 Haiti 0.0926 2020 up 16.9% flat
171 Guinea-Bissau 0.0913 2020 up 35.1% volatile
172 Tanzania 0.0911 2020 down 7.9% falling
173 Cameroon 0.0883 2020 up 13.3% rising
174 Equatorial Guinea 0.0839 2020 up 9.6% rising
175 Chad 0.082 2020 down 2.3% falling
176 Eritrea 0.0819 2020 down 3.1% volatile
177 Sierra Leone 0.0738 2020 up 26.2% rising
178 French Polynesia 0.07 2020 down 2.9% volatile
179 Micronesia (country) 0.0559 2020 down 2.4% volatile
180 Comoros 0.052 2020 up 36.8% rising
181 South Sudan 0.0485 2020 down 33.2% volatile
182 Democratic Republic of Congo 0.0451 2020 up 63.6% volatile
183 Central African Republic 0.0393 2020 down 32.6% falling

Regions and income groups

Aggregates are excluded from the country ranking above so that a region can never outrank a country.

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Financial Development Index by country. Statizoid, drawing on International Monetary Fund. Retrieved 07 October 2026, from https://financial-sector.statizoid.com/stat/financial-development-index/

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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

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.