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 183 countries. The highest value is 1 in Canada; the lowest is 0 in Samoa.
The median across all reporting countries is 0.0844, and the mean is 0.232.
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 Congo, Democratic Republic of the (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 | Korea | 0.8193 | 2020 | up 7.8% | volatile |
| 12 | Singapore | 0.8154 | 2020 | down 6.9% | rising |
| 13 | Hong Kong Special Administrative Region, People's Republic of China | 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, People's Republic of | 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, Kingdom of | 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, República Bolivariana de | 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 | Türkiye | 0.45 | 2020 | up 22.0% | volatile |
| 41 | Bahamas, The | 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, Islamic Republic of | 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, Republic of | 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 | Lao People's Democratic Republic | 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, Republic of | 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, Republic of | 0.1512 | 2020 | up 97.9% | volatile |
| 79 | Hungary | 0.1445 | 2020 | down 48.8% | volatile |
| 80 | Uzbekistan, Republic of | 0.1417 | 2020 | up 1,458.1% | volatile |
| 81 | Côte 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, Republic of | 0.1135 | 2020 | up 89.6% | volatile |
| 85 | Botswana | 0.109 | 2020 | down 14.3% | volatile |
| 86 | Egypt, Arab Republic of | 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 | St. Lucia | 0.0617 | 2020 | down 12.2% | rising |
| 103 | Slovak Republic | 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 Darussalam | 0.0483 | 2020 | up 48.7% | volatile |
| 107 | Congo, Republic of | 0.0478 | 2020 | up 95.3% | falling |
| 108 | Latvia | 0.0452 | 2020 | up 4.5% | volatile |
| 109 | Serbia, Republic of | 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, United Republic of | 0.0275 | 2020 | up 37.8% | volatile |
| 121 | Dominican Republic | 0.0275 | 2020 | up 36.5% | rising |
| 122 | Armenia, Republic of | 0.026 | 2020 | up 53.1% | volatile |
| 123 | Niger | 0.0255 | 2020 | down 11.5% | falling |
| 124 | Ethiopia, The Federal Democratic Republic of | 0.0242 | 2020 | up 5.5% | volatile |
| 125 | Suriname | 0.0233 | 2020 | up 36.6% | rising |
| 126 | Belarus, Republic of | 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, Kingdom of the Netherlands | 0.0201 | 2020 | up 139.7% | volatile |
| 130 | Mauritania, Islamic Republic of | 0.0183 | 2020 | down 30.5% | falling |
| 131 | Eswatini, Kingdom of | 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, Republic of | 0.0095 | 2020 | down 24.3% | falling |
| 138 | Moldova, Republic of | 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, Republic of | 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 | Cabo Verde | 0.0057 | 2020 | up 19.3% | rising |
| 147 | Kyrgyz Republic | 0.0052 | 2020 | up 933.4% | volatile |
| 148 | Lesotho, Kingdom of | 0.005 | 2020 | up 3.3% | falling |
| 149 | Fiji, Republic of | 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 | Congo, Democratic Republic of the | 0 | 2020 | down 100.0% | volatile |
| 158 | Antigua and Barbuda | 0 | 2020 | — | flat |
| 158 | Central African Republic | 0 | 2020 | — | flat |
| 158 | Comoros, Union of the | 0 | 2020 | — | flat |
| 158 | Djibouti | 0 | 2020 | down 100.0% | volatile |
| 158 | Dominica | 0 | 2020 | — | flat |
| 158 | Eritrea, The State of | 0 | 2020 | — | flat |
| 158 | Micronesia, Federated States of | 0 | 2020 | — | flat |
| 158 | Gambia, The | 0 | 2020 | — | flat |
| 158 | Guinea-Bissau | 0 | 2020 | — | flat |
| 158 | Equatorial Guinea, Republic of | 0 | 2020 | — | volatile |
| 158 | Haiti | 0 | 2020 | — | flat |
| 158 | Kiribati | 0 | 2020 | — | flat |
| 158 | St. Kitts and Nevis | 0 | 2020 | — | flat |
| 158 | Libya | 0 | 2020 | down 100.0% | volatile |
| 158 | Macao Special Administrative Region, People's Republic of China | 0 | 2020 | — | flat |
| 158 | Marshall Islands | 0 | 2020 | — | flat |
| 158 | French Polynesia | 0 | 2020 | — | flat |
| 158 | Solomon Islands | 0 | 2020 | — | flat |
| 158 | South Sudan, Republic of | 0 | 2020 | — | flat |
| 158 | São Tomé and Príncipe, Democratic Republic of | 0 | 2020 | — | flat |
| 158 | Syrian Arab Republic | 0 | 2020 | — | volatile |
| 158 | Timor-Leste, Democratic Republic of | 0 | 2020 | — | flat |
| 158 | Tonga | 0 | 2020 | — | flat |
| 158 | St. Vincent and the Grenadines | 0 | 2020 | — | flat |
| 158 | Vanuatu | 0 | 2020 | — | flat |
| 158 | Samoa | 0 | 2020 | — | flat |
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.