Financial Markets Efficiency 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 Efficiency Index is currently reported for 93 countries. The highest value is 1 in Brazil; the lowest is 0 in Rwanda.
The median across all reporting countries is 0.157, and the mean is 0.3272.
The gap between the highest and lowest reporting country is a factor of about 52,267.
Over the past decade 20 countries rose and 58 fell. The largest increase was in New Zealand (up 281.4%), and the largest decrease in Namibia (down 97.6%).
Financial Markets Efficiency Index: full country ranking
| # | Country | Latest | Year | 10-year change | Trend |
|---|---|---|---|---|---|
| 1 | Brazil | 1 | 2020 | up 37.9% | volatile |
| 1 | China | 1 | 2020 | unchanged | rising |
| 1 | Finland | 1 | 2020 | unchanged | volatile |
| 1 | Italy | 1 | 2020 | unchanged | volatile |
| 1 | Japan | 1 | 2020 | unchanged | rising |
| 1 | South Korea | 1 | 2020 | unchanged | rising |
| 1 | Portugal | 1 | 2020 | up 23.8% | rising |
| 1 | Thailand | 1 | 2020 | up 1.2% | rising |
| 1 | Turkey | 1 | 2020 | unchanged | rising |
| 1 | United States | 1 | 2020 | unchanged | rising |
| 11 | Germany | 0.9804 | 2020 | down 2.0% | rising |
| 12 | Czechia | 0.9739 | 2020 | unchanged | volatile |
| 13 | India | 0.9252 | 2020 | up 24.5% | rising |
| 14 | Australia | 0.8797 | 2020 | down 8.4% | rising |
| 15 | United Kingdom | 0.8148 | 2020 | down 18.5% | rising |
| 16 | Switzerland | 0.8064 | 2020 | down 8.2% | falling |
| 17 | Spain | 0.7957 | 2020 | down 20.4% | rising |
| 18 | France | 0.7852 | 2020 | down 9.9% | rising |
| 19 | Malaysia | 0.703 | 2020 | up 102.8% | rising |
| 20 | Hong Kong | 0.618 | 2020 | down 8.7% | volatile |
| 21 | Poland | 0.5802 | 2020 | up 29.1% | falling |
| 22 | Denmark | 0.5561 | 2020 | unchanged | volatile |
| 23 | Sweden | 0.5369 | 2020 | down 36.5% | rising |
| 24 | Netherlands | 0.5041 | 2020 | down 49.6% | rising |
| 25 | Hungary | 0.4988 | 2020 | down 50.1% | volatile |
| 26 | Israel | 0.4929 | 2020 | down 16.0% | falling |
| 27 | Russia | 0.4914 | 2020 | down 25.3% | volatile |
| 28 | Egypt | 0.48 | 2020 | down 11.9% | rising |
| 29 | Canada | 0.4722 | 2020 | down 40.9% | volatile |
| 30 | Iran | 0.4685 | 2020 | up 93.6% | rising |
| 31 | Norway | 0.4248 | 2020 | down 52.1% | rising |
| 32 | Greece | 0.399 | 2020 | down 46.2% | volatile |
| 33 | Vietnam | 0.3773 | 2020 | down 62.3% | volatile |
| 34 | Austria | 0.3718 | 2020 | down 22.3% | volatile |
| 35 | Pakistan | 0.37 | 2020 | down 2.2% | volatile |
| 36 | Ireland | 0.3595 | 2020 | up 98.2% | volatile |
| 37 | Belgium | 0.3497 | 2020 | down 29.1% | volatile |
| 38 | South Africa | 0.3449 | 2020 | down 6.8% | volatile |
| 39 | Indonesia | 0.3263 | 2020 | down 8.8% | flat |
| 40 | Chile | 0.2657 | 2020 | up 27.0% | rising |
| 41 | Mexico | 0.2555 | 2020 | down 15.4% | falling |
| 42 | Saudi Arabia | 0.2467 | 2020 | down 64.9% | rising |
| 43 | New Zealand | 0.2073 | 2020 | up 281.4% | volatile |
| 44 | Bangladesh | 0.2051 | 2020 | up 43.0% | volatile |
| 45 | Singapore | 0.2022 | 2020 | down 65.3% | rising |
| 46 | Qatar | 0.173 | 2020 | down 77.7% | volatile |
| 47 | United Arab Emirates | 0.157 | 2020 | down 39.6% | volatile |
| 48 | Kuwait | 0.1534 | 2020 | down 76.7% | volatile |
| 49 | Philippines | 0.1481 | 2020 | down 15.1% | falling |
| 50 | Romania | 0.1419 | 2020 | down 2.7% | volatile |
| 51 | Sri Lanka | 0.1323 | 2020 | down 57.3% | rising |
| 52 | Serbia | 0.1165 | 2020 | up 25.0% | volatile |
| 53 | Colombia | 0.1161 | 2020 | down 13.6% | volatile |
| 54 | Jordan | 0.0999 | 2020 | down 71.0% | falling |
| 55 | Argentina | 0.0935 | 2020 | up 90.2% | volatile |
| 56 | Oman | 0.078 | 2020 | down 46.0% | volatile |
| 57 | Morocco | 0.0679 | 2020 | down 37.6% | volatile |
| 58 | Slovenia | 0.0675 | 2020 | up 6.5% | volatile |
| 59 | Tunisia | 0.0664 | 2020 | down 68.8% | falling |
| 60 | Mauritius | 0.0623 | 2020 | up 7.2% | falling |
| 61 | Ukraine | 0.0567 | 2020 | down 37.1% | volatile |
| 62 | Botswana | 0.0553 | 2020 | up 28.4% | falling |
| 63 | Nigeria | 0.0542 | 2020 | down 56.6% | volatile |
| 64 | Trinidad and Tobago | 0.0527 | 2020 | unchanged | falling |
| 65 | Paraguay | 0.0472 | 2020 | unchanged | falling |
| 66 | Lebanon | 0.0428 | 2020 | down 76.6% | volatile |
| 67 | Ecuador | 0.0302 | 2020 | unchanged | falling |
| 68 | Peru | 0.0299 | 2020 | down 37.2% | volatile |
| 69 | Bahrain | 0.0297 | 2020 | up 68.1% | volatile |
| 70 | Kenya | 0.0279 | 2020 | down 58.8% | volatile |
| 71 | Venezuela | 0.0275 | 2020 | unchanged | volatile |
| 72 | Namibia | 0.0241 | 2020 | down 97.6% | volatile |
| 73 | Cote d'Ivoire | 0.023 | 2020 | down 41.3% | volatile |
| 74 | Costa Rica | 0.0197 | 2020 | down 44.3% | volatile |
| 75 | Eswatini | 0.0187 | 2020 | unchanged | volatile |
| 76 | Panama | 0.0186 | 2020 | up 85.1% | volatile |
| 77 | Belarus | 0.0183 | 2020 | down 70.2% | volatile |
| 78 | Croatia | 0.0181 | 2020 | down 64.3% | volatile |
| 79 | Malta | 0.0174 | 2020 | up 21.8% | volatile |
| 80 | Bulgaria | 0.0148 | 2020 | down 76.5% | volatile |
| 81 | Seychelles | 0.0115 | 2020 | down 51.0% | falling |
| 82 | Kazakhstan | 0.0107 | 2020 | down 56.1% | volatile |
| 83 | Cyprus | 0.0102 | 2020 | down 92.4% | volatile |
| 84 | Zambia | 0.0079 | 2020 | up 57.9% | volatile |
| 85 | Jamaica | 0.0048 | 2020 | down 84.8% | volatile |
| 86 | Ghana | 0.0044 | 2020 | down 89.8% | volatile |
| 87 | Tanzania | 0.0035 | 2020 | down 84.0% | volatile |
| 88 | Barbados | 0.0028 | 2020 | down 85.3% | volatile |
| 89 | Uruguay | 0.0024 | 2020 | unchanged | volatile |
| 90 | Slovakia | 0.0024 | 2020 | down 97.4% | volatile |
| 91 | Luxembourg | 0.0011 | 2020 | down 47.2% | volatile |
| 92 | Papua New Guinea | 0.0007 | 2020 | down 77.9% | volatile |
| 93 | Rwanda | 0 | 2020 | down 9.9% | rising |
Regions and income groups
Aggregates are excluded from the country ranking above so that a region can never outrank a country.
- Advanced Markets 0.4765
- Europe 0.3704
- Asia and Pacific 0.2424
- All countries 0.1654
- Emerging Markets 0.1547
- Latin America and the Caribbean (LAC) 0.0983
- Middle East and Central Asia 0.0873
- Africa 0.0145
- Low-Income and Developing Countries 0.0041
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.