Financial Institutions Access 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...
What the numbers show
Financial Institutions Access Index is currently reported for 179 countries. The highest value is 0.9755 in Luxembourg; the lowest is 0.0066 in Democratic Republic of Congo.
The median across all reporting countries is 0.3435, and the mean is 0.3663.
The gap between the highest and lowest reporting country is a factor of about 148.
Over the past decade 114 countries rose and 65 fell. The largest increase was in Myanmar (up 432.6%), and the largest decrease in Ecuador (down 67.4%).
Financial Institutions Access Index: full country ranking
| # | Country | Latest | Year | 10-year change | Trend |
|---|---|---|---|---|---|
| 1 | Luxembourg | 0.9755 | 2020 | up 0.7% | rising |
| 2 | Spain | 0.959 | 2020 | down 4.1% | rising |
| 3 | Macao | 0.95 | 2020 | up 4.8% | rising |
| 4 | Bulgaria | 0.9055 | 2020 | up 0.4% | volatile |
| 5 | Seychelles | 0.8962 | 2020 | up 28.3% | rising |
| 6 | Japan | 0.8824 | 2020 | up 0.1% | rising |
| 7 | Saint Kitts and Nevis | 0.8814 | 2020 | up 9.7% | rising |
| 8 | Portugal | 0.8703 | 2020 | down 13.0% | flat |
| 9 | United States | 0.8347 | 2020 | down 7.2% | rising |
| 10 | Switzerland | 0.8345 | 2020 | down 9.9% | rising |
| 11 | Italy | 0.8251 | 2020 | down 12.6% | rising |
| 12 | Croatia | 0.8054 | 2020 | down 7.6% | volatile |
| 13 | France | 0.7894 | 2020 | down 16.0% | rising |
| 14 | Australia | 0.7867 | 2020 | down 7.1% | rising |
| 15 | Bahamas | 0.7779 | 2020 | up 3.2% | rising |
| 16 | Russia | 0.7772 | 2020 | down 5.2% | volatile |
| 17 | Georgia | 0.7611 | 2020 | up 67.8% | volatile |
| 18 | Iran | 0.744 | 2020 | up 72.0% | rising |
| 19 | Canada | 0.7274 | 2020 | down 5.7% | rising |
| 20 | United Kingdom | 0.7212 | 2020 | down 7.4% | rising |
| 21 | Mongolia | 0.713 | 2020 | up 22.5% | volatile |
| 22 | Uzbekistan | 0.6934 | 2020 | up 50.9% | volatile |
| 23 | Bolivia | 0.6878 | 2020 | up 117.3% | volatile |
| 24 | Israel | 0.682 | 2020 | down 8.2% | rising |
| 25 | Belgium | 0.6678 | 2020 | down 26.4% | rising |
| 26 | South Korea | 0.662 | 2020 | down 6.1% | rising |
| 27 | Brazil | 0.6302 | 2020 | down 11.3% | rising |
| 28 | Slovenia | 0.6285 | 2020 | down 29.7% | volatile |
| 29 | Aruba | 0.6278 | 2020 | up 14.4% | rising |
| 30 | Thailand | 0.6157 | 2020 | up 26.3% | volatile |
| 31 | Uruguay | 0.6128 | 2020 | up 101.8% | rising |
| 32 | Germany | 0.6056 | 2020 | down 10.6% | flat |
| 33 | Bosnia and Herzegovina | 0.5948 | 2020 | up 16.3% | volatile |
| 34 | Poland | 0.5912 | 2020 | up 0.4% | rising |
| 35 | Austria | 0.5836 | 2020 | down 7.0% | rising |
| 36 | Iceland | 0.5815 | 2020 | down 32.5% | rising |
| 37 | Cape Verde | 0.5705 | 2020 | up 5.8% | volatile |
| 38 | Moldova | 0.5698 | 2020 | down 11.3% | volatile |
| 39 | Peru | 0.5676 | 2020 | up 186.0% | volatile |
| 40 | Armenia | 0.5676 | 2020 | up 57.5% | volatile |
| 41 | Tonga | 0.5519 | 2020 | up 51.1% | rising |
| 42 | Panama | 0.5497 | 2020 | up 27.2% | volatile |
| 43 | Slovakia | 0.5431 | 2020 | up 3.7% | volatile |
| 44 | Turkey | 0.5395 | 2020 | up 24.4% | volatile |
| 45 | Serbia | 0.5389 | 2020 | down 20.2% | volatile |
| 46 | Samoa | 0.535 | 2020 | up 34.7% | rising |
| 47 | Romania | 0.5331 | 2020 | down 19.5% | volatile |
| 48 | Hungary | 0.5295 | 2020 | up 20.1% | rising |
| 49 | Cyprus | 0.5288 | 2020 | down 35.4% | flat |
| 50 | Brunei | 0.5267 | 2020 | down 15.9% | volatile |
| 51 | North Macedonia | 0.5154 | 2020 | down 0.1% | volatile |
| 52 | Antigua and Barbuda | 0.5083 | 2020 | down 31.6% | rising |
| 53 | Kuwait | 0.502 | 2020 | up 25.6% | rising |
| 54 | Costa Rica | 0.4903 | 2020 | up 17.2% | rising |
| 55 | China | 0.4892 | 2020 | up 341.5% | volatile |
| 56 | Greece | 0.489 | 2020 | down 40.0% | rising |
| 57 | Ireland | 0.482 | 2020 | down 32.7% | rising |
| 58 | New Zealand | 0.4815 | 2020 | down 32.1% | rising |
| 59 | Malta | 0.4615 | 2020 | down 31.8% | rising |
| 60 | Czechia | 0.46 | 2020 | up 4.6% | volatile |
| 61 | Hong Kong | 0.4591 | 2020 | down 3.7% | rising |
| 62 | Kazakhstan | 0.4522 | 2020 | up 46.3% | volatile |
| 63 | Vanuatu | 0.4495 | 2020 | up 26.1% | volatile |
| 64 | Namibia | 0.4491 | 2020 | up 23.1% | volatile |
| 65 | Grenada | 0.4361 | 2020 | down 22.6% | rising |
| 66 | Guatemala | 0.4341 | 2020 | down 13.7% | rising |
| 67 | Bhutan | 0.4311 | 2020 | up 103.8% | rising |
| 68 | Argentina | 0.4262 | 2020 | up 83.2% | volatile |
| 69 | Ukraine | 0.4207 | 2020 | up 14.9% | volatile |
| 70 | Mexico | 0.42 | 2020 | up 16.9% | rising |
| 71 | Belize | 0.4076 | 2020 | down 8.8% | falling |
| 72 | Tunisia | 0.4017 | 2020 | up 46.0% | rising |
| 73 | Venezuela | 0.4012 | 2020 | up 8.7% | rising |
| 74 | Indonesia | 0.4009 | 2020 | up 168.5% | volatile |
| 75 | Morocco | 0.3995 | 2020 | up 24.2% | volatile |
| 76 | Denmark | 0.3993 | 2020 | down 46.1% | falling |
| 77 | Tajikistan | 0.3964 | 2020 | up 301.0% | volatile |
| 78 | Lebanon | 0.3917 | 2020 | down 13.3% | rising |
| 79 | Saudi Arabia | 0.3841 | 2020 | up 11.4% | rising |
| 80 | Estonia | 0.376 | 2020 | down 38.7% | volatile |
| 81 | South Africa | 0.364 | 2020 | up 2.3% | rising |
| 82 | Saint Lucia | 0.3636 | 2020 | down 17.5% | rising |
| 83 | Mauritius | 0.3611 | 2020 | down 14.4% | rising |
| 84 | Chile | 0.3583 | 2020 | down 23.7% | rising |
| 85 | Fiji | 0.3555 | 2020 | up 30.5% | rising |
| 86 | Qatar | 0.3519 | 2020 | down 14.3% | falling |
| 87 | Sao Tome and Principe | 0.3494 | 2020 | down 12.7% | volatile |
| 88 | Albania | 0.3492 | 2020 | down 17.5% | volatile |
| 89 | Malaysia | 0.3478 | 2020 | down 0.9% | rising |
| 90 | Oman | 0.3435 | 2020 | down 16.1% | rising |
| 91 | Saint Vincent and the Grenadines | 0.3358 | 2020 | down 5.3% | rising |
| 92 | Colombia | 0.3348 | 2020 | up 7.8% | volatile |
| 93 | Latvia | 0.3335 | 2020 | down 53.7% | volatile |
| 94 | Suriname | 0.3317 | 2020 | up 16.5% | rising |
| 95 | Nepal | 0.3304 | 2020 | up 312.7% | volatile |
| 96 | El Salvador | 0.3261 | 2020 | up 30.5% | volatile |
| 97 | Dominica | 0.326 | 2020 | down 13.5% | rising |
| 98 | Maldives | 0.3242 | 2020 | up 58.0% | rising |
| 99 | United Arab Emirates | 0.3229 | 2020 | down 9.4% | rising |
| 100 | Trinidad and Tobago | 0.3208 | 2020 | up 4.9% | rising |
| 101 | Singapore | 0.3189 | 2020 | down 14.6% | rising |
| 102 | Dominican Republic | 0.3114 | 2020 | up 27.7% | rising |
| 103 | Botswana | 0.3101 | 2020 | up 30.2% | rising |
| 104 | Jordan | 0.2945 | 2020 | down 1.1% | rising |
| 105 | Honduras | 0.2919 | 2020 | up 1.6% | rising |
| 106 | Barbados | 0.2893 | 2020 | down 22.2% | rising |
| 107 | Sri Lanka | 0.2864 | 2020 | up 20.3% | rising |
| 108 | Lithuania | 0.2859 | 2020 | down 51.7% | volatile |
| 109 | Sweden | 0.2812 | 2020 | down 36.6% | rising |
| 110 | Kyrgyzstan | 0.2706 | 2020 | up 167.1% | volatile |
| 111 | India | 0.2616 | 2020 | up 80.6% | rising |
| 112 | Eswatini | 0.2529 | 2020 | up 40.6% | rising |
| 113 | Belarus | 0.2519 | 2020 | up 45.8% | volatile |
| 114 | Cambodia | 0.2478 | 2020 | up 255.3% | volatile |
| 115 | Jamaica | 0.2477 | 2020 | up 37.4% | rising |
| 116 | Netherlands | 0.2387 | 2020 | down 53.7% | falling |
| 117 | Philippines | 0.2353 | 2020 | up 54.6% | rising |
| 118 | Azerbaijan | 0.226 | 2020 | down 2.3% | volatile |
| 119 | Paraguay | 0.226 | 2020 | up 25.6% | volatile |
| 120 | Finland | 0.211 | 2020 | down 37.6% | rising |
| 121 | Micronesia (country) | 0.1985 | 2020 | down 5.7% | volatile |
| 122 | Nicaragua | 0.1855 | 2020 | up 63.8% | volatile |
| 123 | Guyana | 0.1834 | 2020 | up 30.9% | rising |
| 124 | Angola | 0.1803 | 2020 | up 38.8% | volatile |
| 125 | Mauritania | 0.177 | 2020 | up 162.7% | rising |
| 126 | Marshall Islands | 0.1765 | 2020 | down 16.4% | volatile |
| 127 | Egypt | 0.1741 | 2020 | up 92.9% | rising |
| 128 | Djibouti | 0.1684 | 2020 | up 179.3% | volatile |
| 129 | Pakistan | 0.1657 | 2020 | up 46.0% | rising |
| 130 | Vietnam | 0.1618 | 2020 | up 44.8% | volatile |
| 131 | Gabon | 0.1617 | 2020 | up 73.9% | volatile |
| 132 | Laos | 0.1573 | 2020 | up 133.7% | volatile |
| 133 | Norway | 0.1539 | 2020 | down 58.3% | rising |
| 134 | Bangladesh | 0.1481 | 2020 | up 54.7% | rising |
| 135 | Ghana | 0.1471 | 2020 | up 91.9% | volatile |
| 136 | Libya | 0.1441 | 2020 | up 2.0% | rising |
| 137 | Equatorial Guinea | 0.1298 | 2020 | up 160.0% | volatile |
| 138 | Kiribati | 0.1284 | 2020 | up 12.6% | volatile |
| 139 | East Timor | 0.1233 | 2020 | up 306.6% | volatile |
| 140 | Nigeria | 0.1218 | 2020 | down 1.6% | rising |
| 141 | Gambia | 0.1199 | 2020 | up 6.1% | rising |
| 142 | Solomon Islands | 0.1106 | 2020 | up 10.4% | falling |
| 143 | Ecuador | 0.1098 | 2020 | down 67.4% | falling |
| 144 | Lesotho | 0.1045 | 2020 | up 52.0% | rising |
| 145 | Algeria | 0.0989 | 2020 | up 18.7% | rising |
| 146 | Myanmar | 0.0937 | 2020 | up 432.6% | volatile |
| 147 | Togo | 0.0913 | 2020 | up 51.8% | volatile |
| 148 | Mozambique | 0.0886 | 2020 | up 39.2% | volatile |
| 149 | Congo | 0.0878 | 2020 | up 173.9% | volatile |
| 150 | Cote d'Ivoire | 0.0877 | 2020 | up 35.3% | volatile |
| 151 | Senegal | 0.0874 | 2020 | up 33.2% | rising |
| 152 | Syria | 0.086 | 2020 | up 11.9% | rising |
| 153 | Kenya | 0.085 | 2020 | down 7.1% | rising |
| 154 | Zambia | 0.0801 | 2020 | up 6.9% | rising |
| 155 | Mali | 0.0748 | 2020 | up 40.3% | rising |
| 156 | Guinea-Bissau | 0.0735 | 2020 | up 155.3% | volatile |
| 157 | Rwanda | 0.0707 | 2020 | up 12.8% | volatile |
| 158 | Comoros | 0.068 | 2020 | up 201.0% | volatile |
| 159 | Sudan | 0.0664 | 2020 | up 37.5% | rising |
| 160 | Benin | 0.0585 | 2020 | up 28.1% | volatile |
| 161 | Tanzania | 0.0546 | 2020 | up 32.7% | volatile |
| 162 | Papua New Guinea | 0.0541 | 2020 | up 29.6% | falling |
| 163 | Burkina Faso | 0.0512 | 2020 | up 83.8% | rising |
| 164 | Liberia | 0.0509 | 2020 | up 6.4% | volatile |
| 165 | Yemen | 0.0466 | 2020 | up 29.1% | volatile |
| 166 | Cameroon | 0.0466 | 2020 | up 72.8% | volatile |
| 167 | Malawi | 0.0465 | 2020 | down 0.6% | volatile |
| 168 | Haiti | 0.0465 | 2020 | up 43.7% | rising |
| 169 | Uganda | 0.0449 | 2020 | up 1.0% | volatile |
| 170 | Burundi | 0.0426 | 2020 | up 48.9% | volatile |
| 171 | Madagascar | 0.0422 | 2020 | up 85.9% | rising |
| 172 | Guinea | 0.042 | 2020 | up 109.7% | volatile |
| 173 | Ethiopia | 0.0352 | 2020 | up 109.5% | volatile |
| 174 | Sierra Leone | 0.0315 | 2020 | up 2.7% | volatile |
| 175 | Niger | 0.0252 | 2020 | up 54.7% | volatile |
| 176 | South Sudan | 0.0194 | 2020 | up 78.6% | volatile |
| 177 | Chad | 0.0161 | 2020 | up 81.1% | rising |
| 178 | Central African Republic | 0.0141 | 2020 | up 6.8% | rising |
| 179 | Democratic Republic of Congo | 0.0066 | 2020 | down 23.2% | volatile |
Regions and income groups
Aggregates are excluded from the country ranking above so that a region can never outrank a country.
- Advanced Markets 0.5695
- Europe 0.5583
- Latin America and the Caribbean (LAC) 0.4288
- Emerging Markets 0.4082
- Asia and Pacific 0.361
- All countries 0.3563
- Middle East and Central Asia 0.3082
- Low-Income and Developing Countries 0.1732
- Africa 0.1373
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.