Financial Markets 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 Markets Access Index is currently reported for 114 countries. The highest value is 1 in Ireland; the lowest is 0.0011 in Pakistan.
The median across all reporting countries is 0.3764, and the mean is 0.3524.
The gap between the highest and lowest reporting country is a factor of about 945.
Over the past decade 61 countries rose and 46 fell. The largest increase was in Mongolia (up 169.2%), and the largest decrease in Ukraine (down 81.9%).
Financial Markets Access Index: full country ranking
| # | Country | Latest | Year | 10-year change | Trend |
|---|---|---|---|---|---|
| 1 | Ireland | 1 | 2020 | up 3.2% | rising |
| 1 | Luxembourg | 1 | 2020 | unchanged | rising |
| 1 | Malta | 1 | 2020 | up 30.2% | rising |
| 4 | Norway | 0.9421 | 2020 | up 2.6% | rising |
| 5 | Switzerland | 0.9184 | 2020 | up 1.7% | rising |
| 6 | Qatar | 0.8852 | 2020 | up 16.5% | rising |
| 7 | New Zealand | 0.8595 | 2020 | up 14.3% | rising |
| 8 | Spain | 0.8376 | 2020 | up 76.9% | volatile |
| 9 | United Arab Emirates | 0.8264 | 2020 | up 34.8% | volatile |
| 10 | Singapore | 0.8241 | 2020 | up 19.9% | rising |
| 11 | Panama | 0.7726 | 2020 | up 37.5% | rising |
| 12 | Hong Kong | 0.7677 | 2020 | up 2.9% | rising |
| 13 | Austria | 0.7676 | 2020 | down 9.2% | rising |
| 14 | Australia | 0.7611 | 2020 | down 2.1% | rising |
| 15 | Cyprus | 0.7377 | 2020 | down 13.5% | rising |
| 16 | Mauritius | 0.7166 | 2020 | up 69.6% | rising |
| 17 | Canada | 0.71 | 2020 | up 7.9% | rising |
| 18 | Bahrain | 0.7065 | 2020 | down 10.4% | rising |
| 19 | Italy | 0.704 | 2020 | up 36.4% | volatile |
| 20 | United Kingdom | 0.6841 | 2020 | up 29.2% | rising |
| 21 | United States | 0.6558 | 2020 | down 4.0% | volatile |
| 22 | Greece | 0.616 | 2020 | up 7.2% | volatile |
| 23 | Japan | 0.6155 | 2020 | up 28.0% | rising |
| 24 | Croatia | 0.5885 | 2020 | up 7.4% | volatile |
| 25 | Germany | 0.5657 | 2020 | up 17.1% | rising |
| 26 | Saudi Arabia | 0.5611 | 2020 | up 26.0% | rising |
| 27 | Botswana | 0.55 | 2020 | down 1.9% | rising |
| 28 | Colombia | 0.5397 | 2020 | up 5.0% | volatile |
| 29 | Kazakhstan | 0.5353 | 2020 | down 2.5% | volatile |
| 30 | Hungary | 0.5327 | 2020 | up 0.5% | rising |
| 31 | Argentina | 0.5215 | 2020 | up 4.3% | rising |
| 32 | Morocco | 0.5029 | 2020 | up 1.0% | volatile |
| 33 | Brunei | 0.5 | 2020 | unchanged | rising |
| 33 | Denmark | 0.5 | 2020 | unchanged | rising |
| 33 | Finland | 0.5 | 2020 | up 11.2% | volatile |
| 33 | Iceland | 0.5 | 2020 | up 53.9% | flat |
| 33 | Saint Lucia | 0.5 | 2020 | unchanged | rising |
| 33 | Netherlands | 0.5 | 2020 | up 17.9% | rising |
| 33 | Sweden | 0.5 | 2020 | unchanged | rising |
| 33 | Zambia | 0.5 | 2020 | unchanged | flat |
| 41 | Bahamas | 0.5 | 2020 | down 0.0% | falling |
| 42 | Russia | 0.4949 | 2020 | up 5.5% | volatile |
| 43 | Oman | 0.4935 | 2020 | up 42.9% | rising |
| 44 | Nigeria | 0.4898 | 2020 | down 2.5% | rising |
| 45 | Malaysia | 0.4828 | 2020 | down 9.3% | volatile |
| 46 | South Korea | 0.4802 | 2020 | down 32.7% | volatile |
| 47 | France | 0.4653 | 2020 | up 97.0% | volatile |
| 48 | Jordan | 0.4444 | 2020 | down 7.7% | falling |
| 49 | Peru | 0.4314 | 2020 | down 8.8% | rising |
| 50 | Chile | 0.4298 | 2020 | up 6.0% | rising |
| 51 | Poland | 0.4169 | 2020 | up 12.9% | falling |
| 52 | Brazil | 0.41 | 2020 | up 0.4% | rising |
| 53 | Thailand | 0.4082 | 2020 | up 5.4% | rising |
| 54 | Vietnam | 0.3986 | 2020 | down 3.7% | volatile |
| 55 | Mexico | 0.3875 | 2020 | down 20.5% | rising |
| 56 | South Africa | 0.3872 | 2020 | up 85.1% | volatile |
| 57 | Israel | 0.3829 | 2020 | down 5.8% | rising |
| 58 | China | 0.37 | 2020 | up 101.6% | volatile |
| 59 | Barbados | 0.3627 | 2020 | down 1.5% | falling |
| 60 | Indonesia | 0.3447 | 2020 | up 22.8% | flat |
| 61 | Philippines | 0.331 | 2020 | up 8.2% | rising |
| 62 | Belgium | 0.3211 | 2020 | up 94.9% | volatile |
| 63 | Turkey | 0.3065 | 2020 | down 4.7% | rising |
| 64 | Egypt | 0.3052 | 2020 | up 2.6% | rising |
| 65 | Macao | 0.3013 | 2020 | down 6.3% | rising |
| 66 | Bangladesh | 0.2976 | 2020 | down 2.9% | rising |
| 67 | Sri Lanka | 0.2388 | 2020 | down 16.0% | rising |
| 68 | Ghana | 0.2323 | 2020 | up 29.2% | rising |
| 69 | Iran | 0.221 | 2020 | down 33.0% | rising |
| 70 | India | 0.1961 | 2020 | down 1.3% | volatile |
| 71 | Slovenia | 0.1737 | 2020 | down 73.1% | volatile |
| 72 | Portugal | 0.1682 | 2020 | down 22.8% | volatile |
| 73 | Estonia | 0.1655 | 2020 | up 116.0% | volatile |
| 74 | Kuwait | 0.1292 | 2020 | up 38.8% | falling |
| 75 | Mongolia | 0.0994 | 2020 | up 169.2% | volatile |
| 76 | Uruguay | 0.0929 | 2020 | up 37.2% | volatile |
| 77 | Lithuania | 0.0778 | 2020 | up 142.5% | volatile |
| 78 | Trinidad and Tobago | 0.0726 | 2020 | down 50.9% | falling |
| 79 | Bulgaria | 0.0627 | 2020 | up 133.2% | volatile |
| 80 | Latvia | 0.0573 | 2020 | down 59.2% | volatile |
| 81 | Namibia | 0.0468 | 2020 | down 22.1% | volatile |
| 82 | Czechia | 0.0405 | 2020 | up 43.2% | volatile |
| 83 | Armenia | 0.0348 | 2020 | down 0.1% | volatile |
| 84 | Jamaica | 0.0347 | 2020 | down 9.0% | volatile |
| 85 | Togo | 0.0306 | 2020 | up 43.5% | rising |
| 86 | Lebanon | 0.0302 | 2020 | up 40.8% | volatile |
| 87 | Georgia | 0.0283 | 2020 | up 4.7% | volatile |
| 88 | Guatemala | 0.0201 | 2020 | up 94.9% | falling |
| 89 | Dominican Republic | 0.0199 | 2020 | up 66.9% | falling |
| 90 | Costa Rica | 0.0198 | 2020 | down 21.0% | falling |
| 91 | Azerbaijan | 0.0197 | 2020 | up 83.3% | volatile |
| 92 | Slovakia | 0.0181 | 2020 | down 66.3% | volatile |
| 93 | Tunisia | 0.0179 | 2020 | up 87.2% | falling |
| 94 | Kyrgyzstan | 0.0174 | 2020 | down 11.8% | volatile |
| 95 | El Salvador | 0.0166 | 2020 | down 16.9% | rising |
| 96 | Laos | 0.0152 | 2020 | down 62.6% | volatile |
| 97 | Paraguay | 0.0151 | 2020 | down 60.2% | falling |
| 98 | Burundi | 0.0112 | 2020 | down 26.6% | rising |
| 99 | Romania | 0.0111 | 2020 | up 135.0% | volatile |
| 100 | Honduras | 0.0109 | 2020 | down 23.8% | rising |
| 101 | Belarus | 0.0109 | 2020 | up 5.7% | volatile |
| 102 | Bolivia | 0.0097 | 2020 | down 41.4% | rising |
| 103 | Angola | 0.0082 | 2020 | up 29.8% | volatile |
| 104 | Venezuela | 0.0075 | 2020 | down 33.6% | volatile |
| 105 | Kenya | 0.007 | 2020 | up 124.4% | falling |
| 106 | Uzbekistan | 0.0061 | 2020 | down 79.4% | volatile |
| 107 | Ecuador | 0.0061 | 2020 | down 41.1% | falling |
| 108 | Cote d'Ivoire | 0.0053 | 2020 | down 15.8% | falling |
| 109 | Tanzania | 0.0046 | 2020 | down 7.1% | falling |
| 110 | Mozambique | 0.0042 | 2020 | up 9.5% | volatile |
| 111 | Algeria | 0.004 | 2020 | unchanged | falling |
| 112 | Ukraine | 0.0023 | 2020 | down 81.9% | volatile |
| 113 | Ethiopia | 0.0011 | 2020 | up 33.4% | rising |
| 114 | Pakistan | 0.0011 | 2020 | down 20.6% | volatile |
Regions and income groups
Aggregates are excluded from the country ranking above so that a region can never outrank a country.
- Advanced Markets 0.5504
- Europe 0.4041
- Asia and Pacific 0.2372
- Emerging Markets 0.2273
- All countries 0.2197
- Middle East and Central Asia 0.2061
- Latin America and the Caribbean (LAC) 0.187
- Africa 0.0681
- Low-Income and Developing Countries 0.0249
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.