Financial Markets Depth 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 Depth Index is currently reported for 161 countries. The highest value is 1 in Canada; the lowest is 0 in Syria.
The median across all reporting countries is 0.1369, and the mean is 0.2637.
Over the past decade 90 countries rose and 66 fell. The largest increase was in Mali (up 2,996,990,000.0%), and the largest decrease in Democratic Republic of Congo (down 100.0%).
Financial Markets Depth Index: full country ranking
| # | Country | Latest | Year | 10-year change | Trend |
|---|---|---|---|---|---|
| 1 | Canada | 1 | 2020 | up 3.2% | rising |
| 2 | United Kingdom | 0.9887 | 2020 | up 0.0% | rising |
| 3 | Switzerland | 0.9877 | 2020 | unchanged | rising |
| 4 | United States | 0.9877 | 2020 | down 0.0% | rising |
| 5 | Australia | 0.964 | 2020 | down 0.3% | volatile |
| 6 | Netherlands | 0.9599 | 2020 | up 4.5% | volatile |
| 7 | Malaysia | 0.95 | 2020 | up 17.3% | rising |
| 8 | Sweden | 0.9434 | 2020 | up 1.1% | volatile |
| 9 | Japan | 0.928 | 2020 | up 28.4% | rising |
| 10 | France | 0.9082 | 2020 | up 5.1% | volatile |
| 11 | South Korea | 0.8193 | 2020 | up 7.8% | volatile |
| 12 | Singapore | 0.8154 | 2020 | down 6.9% | rising |
| 13 | Hong Kong | 0.8005 | 2020 | down 2.8% | rising |
| 14 | Spain | 0.7787 | 2020 | down 16.5% | volatile |
| 15 | Germany | 0.7611 | 2020 | up 9.7% | volatile |
| 16 | Norway | 0.7559 | 2020 | down 7.5% | volatile |
| 17 | Thailand | 0.7541 | 2020 | up 27.3% | rising |
| 18 | Saudi Arabia | 0.7414 | 2020 | up 57.7% | rising |
| 19 | South Africa | 0.7385 | 2020 | up 12.2% | rising |
| 20 | China | 0.7079 | 2020 | up 25.2% | volatile |
| 21 | Qatar | 0.6981 | 2020 | up 8.4% | rising |
| 22 | Belgium | 0.6961 | 2020 | down 0.2% | volatile |
| 23 | Italy | 0.6818 | 2020 | up 19.0% | volatile |
| 24 | Bahrain | 0.6585 | 2020 | down 3.4% | rising |
| 25 | Denmark | 0.6549 | 2020 | down 0.7% | volatile |
| 26 | Luxembourg | 0.6502 | 2020 | down 13.3% | rising |
| 27 | India | 0.6346 | 2020 | down 1.6% | volatile |
| 28 | United Arab Emirates | 0.6307 | 2020 | up 25.8% | volatile |
| 29 | Philippines | 0.5789 | 2020 | up 19.7% | rising |
| 30 | Ireland | 0.5775 | 2020 | up 3.6% | rising |
| 31 | Brazil | 0.5655 | 2020 | up 25.1% | volatile |
| 32 | Portugal | 0.5603 | 2020 | down 14.5% | volatile |
| 33 | Austria | 0.5375 | 2020 | up 6.8% | volatile |
| 34 | Finland | 0.5184 | 2020 | up 23.1% | volatile |
| 35 | Venezuela | 0.5093 | 2020 | up 422.4% | volatile |
| 36 | Mauritius | 0.4822 | 2020 | up 125.0% | volatile |
| 37 | Greece | 0.4709 | 2020 | down 5.2% | volatile |
| 38 | Chile | 0.4705 | 2020 | down 1.4% | rising |
| 39 | Cyprus | 0.4547 | 2020 | down 9.7% | volatile |
| 40 | Turkey | 0.45 | 2020 | up 22.0% | volatile |
| 41 | Bahamas | 0.4472 | 2020 | up 39.0% | volatile |
| 42 | Kuwait | 0.4239 | 2020 | down 31.4% | volatile |
| 43 | Jamaica | 0.4238 | 2020 | up 21.7% | volatile |
| 44 | Panama | 0.4086 | 2020 | up 65.4% | volatile |
| 45 | Iran | 0.3929 | 2020 | up 459.1% | volatile |
| 46 | New Zealand | 0.3827 | 2020 | up 25.6% | rising |
| 47 | Israel | 0.3673 | 2020 | down 28.1% | volatile |
| 48 | Oman | 0.3597 | 2020 | down 1.2% | volatile |
| 49 | Lebanon | 0.3458 | 2020 | up 43.4% | volatile |
| 50 | Russia | 0.3379 | 2020 | down 24.7% | volatile |
| 51 | Mexico | 0.3292 | 2020 | up 19.2% | volatile |
| 52 | Iceland | 0.3281 | 2020 | down 34.2% | volatile |
| 53 | Vietnam | 0.3016 | 2020 | up 20.5% | volatile |
| 54 | Mongolia | 0.296 | 2020 | up 334.9% | volatile |
| 55 | Barbados | 0.2691 | 2020 | up 39.6% | volatile |
| 56 | Indonesia | 0.2593 | 2020 | up 16.0% | rising |
| 57 | Papua New Guinea | 0.2586 | 2020 | down 39.5% | rising |
| 58 | Colombia | 0.2577 | 2020 | down 2.7% | volatile |
| 59 | Grenada | 0.2552 | 2020 | up 27.7% | rising |
| 60 | Mozambique | 0.245 | 2020 | up 172.3% | volatile |
| 61 | Liberia | 0.2381 | 2020 | unchanged | falling |
| 62 | Burundi | 0.2371 | 2020 | up 129.2% | volatile |
| 62 | Togo | 0.2371 | 2020 | up 851.1% | volatile |
| 64 | Laos | 0.2277 | 2020 | down 5.6% | volatile |
| 65 | Trinidad and Tobago | 0.2213 | 2020 | down 13.9% | rising |
| 66 | Malta | 0.2153 | 2020 | up 47.5% | volatile |
| 67 | Peru | 0.2149 | 2020 | down 13.6% | rising |
| 68 | Kazakhstan | 0.2129 | 2020 | down 27.1% | volatile |
| 69 | Morocco | 0.2019 | 2020 | down 8.7% | volatile |
| 70 | Seychelles | 0.1942 | 2020 | down 32.9% | falling |
| 71 | Croatia | 0.181 | 2020 | down 19.6% | volatile |
| 72 | Honduras | 0.1808 | 2020 | up 74.1% | volatile |
| 73 | Poland | 0.1807 | 2020 | down 16.7% | volatile |
| 74 | Namibia | 0.17 | 2020 | up 1,045.5% | volatile |
| 75 | Jordan | 0.1661 | 2020 | down 65.4% | falling |
| 76 | Czechia | 0.1611 | 2020 | down 5.0% | volatile |
| 77 | Angola | 0.1573 | 2020 | up 110.2% | volatile |
| 78 | Azerbaijan | 0.1512 | 2020 | up 97.9% | volatile |
| 79 | Hungary | 0.1445 | 2020 | down 48.8% | volatile |
| 80 | Uzbekistan | 0.1417 | 2020 | up 1,458.1% | volatile |
| 81 | Cote d'Ivoire | 0.1369 | 2020 | down 58.1% | rising |
| 82 | Pakistan | 0.1292 | 2020 | up 25.8% | volatile |
| 83 | Bulgaria | 0.1181 | 2020 | up 10.9% | volatile |
| 84 | Yemen | 0.1135 | 2020 | up 89.6% | volatile |
| 85 | Botswana | 0.109 | 2020 | down 14.3% | volatile |
| 86 | Egypt | 0.1057 | 2020 | down 53.3% | volatile |
| 87 | Ghana | 0.0983 | 2020 | up 72.9% | volatile |
| 88 | Slovenia | 0.0972 | 2020 | down 59.3% | volatile |
| 89 | Bangladesh | 0.0957 | 2020 | down 10.3% | volatile |
| 90 | Tunisia | 0.0879 | 2020 | up 1.6% | falling |
| 91 | Sri Lanka | 0.0863 | 2020 | down 34.9% | volatile |
| 92 | Rwanda | 0.0844 | 2020 | down 9.9% | rising |
| 93 | Argentina | 0.0828 | 2020 | down 3.0% | volatile |
| 94 | Estonia | 0.0816 | 2020 | down 32.8% | volatile |
| 95 | Chad | 0.0776 | 2020 | up 361.9% | volatile |
| 96 | Kenya | 0.0768 | 2020 | down 34.1% | rising |
| 97 | Georgia | 0.0694 | 2020 | up 103.9% | volatile |
| 98 | Nigeria | 0.0686 | 2020 | up 38.3% | volatile |
| 99 | Zambia | 0.065 | 2020 | down 15.9% | rising |
| 100 | Romania | 0.064 | 2020 | up 65.4% | volatile |
| 101 | Uruguay | 0.0621 | 2020 | up 82.6% | volatile |
| 102 | Saint Lucia | 0.0617 | 2020 | down 12.2% | rising |
| 103 | Slovakia | 0.0594 | 2020 | up 16.8% | volatile |
| 104 | Costa Rica | 0.0571 | 2020 | up 90.9% | volatile |
| 105 | Turkmenistan | 0.0558 | 2020 | down 8.6% | volatile |
| 106 | Brunei | 0.0483 | 2020 | up 48.7% | volatile |
| 107 | Congo | 0.0478 | 2020 | up 95.3% | falling |
| 108 | Latvia | 0.0452 | 2020 | up 4.5% | volatile |
| 109 | Serbia | 0.043 | 2020 | down 13.6% | volatile |
| 110 | Guinea | 0.0427 | 2020 | up 6,003.6% | volatile |
| 111 | Senegal | 0.0424 | 2020 | up 593.7% | volatile |
| 112 | Paraguay | 0.0424 | 2020 | up 205.2% | rising |
| 113 | Bhutan | 0.0419 | 2020 | down 43.1% | rising |
| 114 | Ecuador | 0.0398 | 2020 | up 61.3% | falling |
| 115 | Lithuania | 0.0395 | 2020 | up 7.2% | volatile |
| 116 | El Salvador | 0.0378 | 2020 | up 10.2% | volatile |
| 117 | Ukraine | 0.0376 | 2020 | down 76.4% | volatile |
| 118 | Gabon | 0.0322 | 2020 | up 177.0% | volatile |
| 119 | Guatemala | 0.028 | 2020 | up 156.3% | rising |
| 120 | Tanzania | 0.0275 | 2020 | up 37.8% | volatile |
| 121 | Dominican Republic | 0.0275 | 2020 | up 36.5% | rising |
| 122 | Armenia | 0.026 | 2020 | up 53.1% | volatile |
| 123 | Niger | 0.0255 | 2020 | down 11.5% | falling |
| 124 | Ethiopia | 0.0242 | 2020 | up 5.5% | volatile |
| 125 | Suriname | 0.0233 | 2020 | up 36.6% | rising |
| 126 | Belarus | 0.022 | 2020 | down 91.0% | volatile |
| 127 | Albania | 0.0219 | 2020 | up 74.2% | volatile |
| 128 | Guyana | 0.0203 | 2020 | down 16.8% | rising |
| 129 | Aruba | 0.0201 | 2020 | up 139.7% | volatile |
| 130 | Mauritania | 0.0183 | 2020 | down 30.5% | falling |
| 131 | Eswatini | 0.0167 | 2020 | unchanged | volatile |
| 132 | Benin | 0.016 | 2020 | up 15.2% | volatile |
| 133 | North Macedonia | 0.0136 | 2020 | up 47.2% | volatile |
| 134 | Sierra Leone | 0.013 | 2020 | down 40.1% | volatile |
| 135 | Bolivia | 0.0127 | 2020 | up 19.3% | rising |
| 136 | Maldives | 0.0124 | 2020 | up 33.6% | falling |
| 137 | Madagascar | 0.0095 | 2020 | down 24.3% | falling |
| 138 | Moldova | 0.0089 | 2020 | up 17.3% | volatile |
| 139 | Mali | 0.0084 | 2020 | up 2,996,990,000.0% | volatile |
| 140 | Uganda | 0.0083 | 2020 | up 282.0% | volatile |
| 141 | Tajikistan | 0.0082 | 2020 | down 25.9% | volatile |
| 142 | Belize | 0.0079 | 2020 | down 25.4% | falling |
| 143 | Bosnia and Herzegovina | 0.0065 | 2020 | up 284.1% | volatile |
| 144 | Cambodia | 0.0062 | 2020 | down 80.4% | volatile |
| 145 | Cameroon | 0.006 | 2020 | up 44.8% | volatile |
| 146 | Cape Verde | 0.0057 | 2020 | up 19.3% | rising |
| 147 | Kyrgyzstan | 0.0052 | 2020 | up 933.4% | volatile |
| 148 | Lesotho | 0.005 | 2020 | up 3.3% | falling |
| 149 | Fiji | 0.0048 | 2020 | down 74.2% | falling |
| 150 | Burkina Faso | 0.004 | 2020 | up 537.5% | volatile |
| 151 | Myanmar | 0.0038 | 2020 | up 452.4% | volatile |
| 152 | Nicaragua | 0.0037 | 2020 | down 63.8% | volatile |
| 153 | Malawi | 0.0024 | 2020 | up 12.6% | rising |
| 154 | Nepal | 0.0016 | 2020 | down 41.7% | rising |
| 155 | Algeria | 0.0011 | 2020 | down 89.5% | volatile |
| 156 | Sudan | 0.0005 | 2020 | down 70.7% | falling |
| 157 | Democratic Republic of Congo | 0 | 2020 | down 100.0% | volatile |
| 158 | Djibouti | 0 | 2020 | down 100.0% | volatile |
| 158 | Equatorial Guinea | 0 | 2020 | — | volatile |
| 158 | Libya | 0 | 2020 | down 100.0% | volatile |
| 158 | Syria | 0 | 2020 | — | volatile |
Regions and income groups
Aggregates are excluded from the country ranking above so that a region can never outrank a country.
- Advanced Markets 0.5709
- Europe 0.3881
- Asia and Pacific 0.2813
- All countries 0.2315
- Emerging Markets 0.225
- Middle East and Central Asia 0.2052
- Latin America and the Caribbean (LAC) 0.2019
- Africa 0.0853
- Low-Income and Developing Countries 0.0493
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.