Financial Markets 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 Index is currently reported for 162 countries. The highest value is 0.9218 in Switzerland; the lowest is 0 in Syria.
The median across all reporting countries is 0.0974, and the mean is 0.2377.
Over the past decade 83 countries rose and 75 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 Index: full country ranking
| # | Country | Latest | Year | 10-year change | Trend |
|---|---|---|---|---|---|
| 1 | Switzerland | 0.9218 | 2020 | down 1.9% | rising |
| 2 | United States | 0.8987 | 2020 | down 1.0% | rising |
| 3 | Australia | 0.8856 | 2020 | down 3.5% | rising |
| 4 | Japan | 0.8632 | 2020 | up 16.3% | rising |
| 5 | United Kingdom | 0.8498 | 2020 | down 1.0% | rising |
| 6 | Spain | 0.8134 | 2020 | down 0.8% | volatile |
| 7 | Italy | 0.7983 | 2020 | up 14.5% | volatile |
| 8 | South Korea | 0.7788 | 2020 | down 6.3% | rising |
| 9 | Germany | 0.7779 | 2020 | up 6.3% | rising |
| 10 | Canada | 0.7545 | 2020 | down 9.0% | rising |
| 11 | Hong Kong | 0.7433 | 2020 | down 2.7% | rising |
| 12 | France | 0.74 | 2020 | up 9.3% | rising |
| 13 | Malaysia | 0.7356 | 2020 | up 25.5% | rising |
| 14 | Thailand | 0.731 | 2020 | up 10.8% | rising |
| 15 | Norway | 0.7214 | 2020 | down 18.3% | rising |
| 16 | China | 0.7013 | 2020 | up 19.3% | rising |
| 17 | Sweden | 0.6863 | 2020 | down 11.9% | rising |
| 18 | Netherlands | 0.6822 | 2020 | down 14.5% | rising |
| 19 | Finland | 0.6712 | 2020 | up 8.6% | volatile |
| 20 | Brazil | 0.6602 | 2020 | up 24.5% | volatile |
| 21 | Ireland | 0.6518 | 2020 | up 12.7% | rising |
| 22 | Singapore | 0.6361 | 2020 | down 13.5% | rising |
| 23 | Qatar | 0.6021 | 2020 | down 17.7% | rising |
| 24 | India | 0.5944 | 2020 | up 9.7% | rising |
| 25 | Turkey | 0.5833 | 2020 | up 4.6% | rising |
| 26 | Denmark | 0.5831 | 2020 | down 0.3% | rising |
| 27 | Portugal | 0.5808 | 2020 | up 1.5% | volatile |
| 28 | Luxembourg | 0.5666 | 2020 | down 6.3% | rising |
| 29 | Austria | 0.5662 | 2020 | down 7.4% | rising |
| 30 | United Arab Emirates | 0.5527 | 2020 | up 18.1% | volatile |
| 31 | Saudi Arabia | 0.538 | 2020 | down 0.7% | rising |
| 32 | South Africa | 0.5122 | 2020 | up 18.4% | rising |
| 33 | Greece | 0.5011 | 2020 | down 17.3% | volatile |
| 34 | New Zealand | 0.4852 | 2020 | up 30.0% | rising |
| 35 | Bahrain | 0.4848 | 2020 | down 6.0% | rising |
| 36 | Belgium | 0.4764 | 2020 | up 0.9% | volatile |
| 37 | Russia | 0.4411 | 2020 | down 16.3% | volatile |
| 38 | Mauritius | 0.4315 | 2020 | up 83.9% | rising |
| 39 | Israel | 0.4168 | 2020 | down 18.0% | rising |
| 40 | Cyprus | 0.4114 | 2020 | down 18.7% | rising |
| 41 | Panama | 0.4078 | 2020 | up 47.5% | rising |
| 42 | Malta | 0.407 | 2020 | up 33.2% | rising |
| 43 | Chile | 0.3994 | 2020 | up 6.1% | rising |
| 44 | Poland | 0.3845 | 2020 | up 12.5% | falling |
| 45 | Hungary | 0.3822 | 2020 | down 35.4% | rising |
| 46 | Czechia | 0.3806 | 2020 | up 0.2% | volatile |
| 47 | Philippines | 0.3717 | 2020 | up 10.7% | rising |
| 48 | Iran | 0.367 | 2020 | up 76.2% | rising |
| 49 | Vietnam | 0.3606 | 2020 | down 33.5% | volatile |
| 50 | Bahamas | 0.3293 | 2020 | up 16.8% | rising |
| 51 | Mexico | 0.3291 | 2020 | down 7.4% | rising |
| 52 | Oman | 0.3186 | 2020 | up 8.4% | rising |
| 53 | Indonesia | 0.3112 | 2020 | up 8.4% | rising |
| 54 | Colombia | 0.3068 | 2020 | down 0.1% | volatile |
| 55 | Egypt | 0.2888 | 2020 | down 18.0% | rising |
| 56 | Iceland | 0.2842 | 2020 | down 2.9% | rising |
| 57 | Croatia | 0.2626 | 2020 | down 5.1% | volatile |
| 58 | Morocco | 0.2588 | 2020 | down 6.7% | volatile |
| 59 | Kazakhstan | 0.2553 | 2020 | down 13.2% | volatile |
| 60 | Kuwait | 0.2502 | 2020 | down 46.9% | volatile |
| 61 | Jordan | 0.2365 | 2020 | down 46.7% | falling |
| 62 | Botswana | 0.2347 | 2020 | down 2.7% | rising |
| 63 | Peru | 0.2288 | 2020 | down 12.2% | rising |
| 64 | Argentina | 0.2276 | 2020 | up 9.5% | flat |
| 65 | Barbados | 0.2188 | 2020 | up 11.2% | rising |
| 66 | Venezuela | 0.2039 | 2020 | up 314.3% | rising |
| 67 | Nigeria | 0.1998 | 2020 | down 8.7% | rising |
| 68 | Bangladesh | 0.1961 | 2020 | up 6.7% | volatile |
| 69 | Zambia | 0.1871 | 2020 | down 2.0% | flat |
| 70 | Saint Lucia | 0.1833 | 2020 | down 1.7% | rising |
| 71 | Brunei | 0.1783 | 2020 | up 3.5% | rising |
| 72 | Jamaica | 0.1731 | 2020 | up 12.4% | rising |
| 73 | Pakistan | 0.1658 | 2020 | up 4.6% | volatile |
| 74 | Lebanon | 0.1541 | 2020 | down 1.0% | volatile |
| 75 | Sri Lanka | 0.1507 | 2020 | down 36.8% | rising |
| 76 | Mongolia | 0.1439 | 2020 | up 282.8% | volatile |
| 77 | Trinidad and Tobago | 0.1236 | 2020 | down 23.3% | rising |
| 78 | Slovenia | 0.1137 | 2020 | down 64.2% | volatile |
| 79 | Ghana | 0.1129 | 2020 | up 22.1% | rising |
| 80 | Togo | 0.0996 | 2020 | up 512.1% | volatile |
| 81 | Papua New Guinea | 0.0981 | 2020 | down 39.8% | rising |
| 82 | Grenada | 0.0966 | 2020 | up 27.7% | rising |
| 83 | Macao | 0.0964 | 2020 | down 6.3% | rising |
| 84 | Mozambique | 0.0941 | 2020 | up 166.7% | volatile |
| 85 | Burundi | 0.0934 | 2020 | up 112.0% | volatile |
| 86 | Laos | 0.0911 | 2020 | down 12.7% | volatile |
| 87 | Liberia | 0.0902 | 2020 | unchanged | falling |
| 88 | Namibia | 0.087 | 2020 | down 74.2% | volatile |
| 89 | Estonia | 0.0839 | 2020 | up 18.9% | volatile |
| 90 | Seychelles | 0.0772 | 2020 | down 34.1% | falling |
| 91 | Romania | 0.0725 | 2020 | up 16.7% | falling |
| 92 | Honduras | 0.0719 | 2020 | up 63.9% | volatile |
| 93 | Bulgaria | 0.0695 | 2020 | up 0.9% | volatile |
| 94 | Azerbaijan | 0.0635 | 2020 | up 96.3% | volatile |
| 95 | Angola | 0.0622 | 2020 | up 104.9% | volatile |
| 96 | Cote d'Ivoire | 0.0608 | 2020 | down 56.0% | volatile |
| 97 | Tunisia | 0.06 | 2020 | down 41.7% | falling |
| 98 | Uzbekistan | 0.0556 | 2020 | up 329.5% | volatile |
| 99 | Uruguay | 0.054 | 2020 | up 53.0% | volatile |
| 100 | Serbia | 0.053 | 2020 | up 9.9% | volatile |
| 101 | Yemen | 0.043 | 2020 | up 89.6% | volatile |
| 102 | Kenya | 0.0401 | 2020 | down 39.7% | rising |
| 103 | Lithuania | 0.0398 | 2020 | up 64.6% | volatile |
| 104 | Paraguay | 0.0357 | 2020 | up 10.7% | flat |
| 105 | Latvia | 0.0354 | 2020 | down 42.2% | volatile |
| 106 | Georgia | 0.0354 | 2020 | up 64.0% | volatile |
| 107 | Costa Rica | 0.0341 | 2020 | up 12.1% | rising |
| 108 | Ukraine | 0.0328 | 2020 | down 64.6% | volatile |
| 109 | Rwanda | 0.032 | 2020 | down 9.9% | rising |
| 110 | Chad | 0.0294 | 2020 | up 361.9% | volatile |
| 111 | Slovakia | 0.029 | 2020 | down 55.5% | volatile |
| 112 | Ecuador | 0.0265 | 2020 | up 19.7% | falling |
| 113 | Turkmenistan | 0.0211 | 2020 | down 8.6% | volatile |
| 114 | Armenia | 0.021 | 2020 | up 19.4% | volatile |
| 115 | El Salvador | 0.0196 | 2020 | up 1.2% | volatile |
| 116 | Congo | 0.0181 | 2020 | up 95.3% | falling |
| 117 | Belarus | 0.0176 | 2020 | down 84.8% | volatile |
| 118 | Guatemala | 0.017 | 2020 | up 129.1% | falling |
| 119 | Dominican Republic | 0.0168 | 2020 | up 46.7% | rising |
| 120 | Guinea | 0.0162 | 2020 | up 6,003.6% | volatile |
| 121 | Senegal | 0.016 | 2020 | up 593.7% | volatile |
| 122 | Bhutan | 0.0159 | 2020 | down 43.1% | rising |
| 123 | Tanzania | 0.013 | 2020 | down 19.2% | falling |
| 124 | Eswatini | 0.0122 | 2020 | unchanged | volatile |
| 125 | Gabon | 0.0122 | 2020 | up 177.0% | volatile |
| 126 | Niger | 0.0097 | 2020 | down 11.5% | falling |
| 127 | Ethiopia | 0.0095 | 2020 | up 6.3% | volatile |
| 128 | Suriname | 0.0088 | 2020 | up 36.6% | rising |
| 129 | Albania | 0.0083 | 2020 | up 74.2% | volatile |
| 130 | Bolivia | 0.0079 | 2020 | down 15.2% | rising |
| 131 | Guyana | 0.0077 | 2020 | down 16.8% | rising |
| 132 | Aruba | 0.0076 | 2020 | up 139.7% | volatile |
| 133 | Kyrgyzstan | 0.0075 | 2020 | up 15.7% | volatile |
| 134 | Mauritania | 0.0069 | 2020 | down 30.5% | falling |
| 135 | Benin | 0.0061 | 2020 | up 15.2% | volatile |
| 136 | North Macedonia | 0.0051 | 2020 | up 47.2% | volatile |
| 137 | Sierra Leone | 0.0049 | 2020 | down 40.1% | volatile |
| 138 | Maldives | 0.0047 | 2020 | up 33.6% | falling |
| 139 | Madagascar | 0.0036 | 2020 | down 24.3% | falling |
| 140 | Moldova | 0.0034 | 2020 | up 17.3% | volatile |
| 141 | Mali | 0.0032 | 2020 | up 2,996,990,000.0% | volatile |
| 142 | Uganda | 0.0031 | 2020 | up 282.0% | volatile |
| 143 | Tajikistan | 0.0031 | 2020 | down 25.9% | volatile |
| 144 | Belize | 0.003 | 2020 | down 25.4% | falling |
| 145 | Bosnia and Herzegovina | 0.0024 | 2020 | up 284.1% | volatile |
| 146 | Cambodia | 0.0024 | 2020 | down 80.4% | volatile |
| 147 | Cameroon | 0.0023 | 2020 | up 44.8% | volatile |
| 148 | Cape Verde | 0.0022 | 2020 | up 19.3% | rising |
| 149 | Lesotho | 0.0019 | 2020 | up 3.3% | falling |
| 150 | Fiji | 0.0018 | 2020 | down 74.2% | falling |
| 151 | Algeria | 0.0017 | 2020 | down 67.1% | volatile |
| 152 | Burkina Faso | 0.0015 | 2020 | up 537.5% | volatile |
| 153 | Myanmar | 0.0014 | 2020 | up 452.4% | volatile |
| 154 | Nicaragua | 0.0014 | 2020 | down 63.8% | volatile |
| 155 | Malawi | 0.0009 | 2020 | up 12.6% | rising |
| 156 | Nepal | 0.0006 | 2020 | down 41.7% | rising |
| 157 | Sudan | 0.0002 | 2020 | down 70.7% | falling |
| 158 | Democratic Republic of Congo | 0 | 2020 | down 100.0% | volatile |
| 159 | Djibouti | 0 | 2020 | down 100.0% | volatile |
| 159 | Equatorial Guinea | 0 | 2020 | — | volatile |
| 159 | Libya | 0 | 2020 | down 100.0% | volatile |
| 159 | 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 0.5423
- Europe 0.3929
- Asia and Pacific 0.2587
- All countries 0.21
- Emerging Markets 0.2067
- Middle East and Central Asia 0.1711
- Latin America and the Caribbean (LAC) 0.1673
- Africa 0.0586
- Low-Income and Developing Countries 0.0279
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.