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 183 countries. The highest value is 0.9218 in Switzerland; the lowest is 0 in Samoa.
The median across all reporting countries is 0.0719, and the mean is 0.2105.
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 Congo, Democratic Republic of the (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 | 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 Special Administrative Region, People's Republic of China | 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, People's Republic of | 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 | Türkiye | 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, Kingdom of | 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, Islamic Republic of | 0.367 | 2020 | up 76.2% | rising |
| 49 | Vietnam | 0.3606 | 2020 | down 33.5% | volatile |
| 50 | Bahamas, The | 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, Arab Republic of | 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, Republic of | 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, República Bolivariana de | 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 | St. Lucia | 0.1833 | 2020 | down 1.7% | rising |
| 71 | Brunei Darussalam | 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 Special Administrative Region, People's Republic of China | 0.0964 | 2020 | down 6.3% | rising |
| 84 | Mozambique, Republic of | 0.0941 | 2020 | up 166.7% | volatile |
| 85 | Burundi | 0.0934 | 2020 | up 112.0% | volatile |
| 86 | Lao People's Democratic Republic | 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, Republic of | 0.0635 | 2020 | up 96.3% | volatile |
| 95 | Angola | 0.0622 | 2020 | up 104.9% | volatile |
| 96 | Côte d'Ivoire | 0.0608 | 2020 | down 56.0% | volatile |
| 97 | Tunisia | 0.06 | 2020 | down 41.7% | falling |
| 98 | Uzbekistan, Republic of | 0.0556 | 2020 | up 329.5% | volatile |
| 99 | Uruguay | 0.054 | 2020 | up 53.0% | volatile |
| 100 | Serbia, Republic of | 0.053 | 2020 | up 9.9% | volatile |
| 101 | Yemen, Republic of | 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 | Slovak Republic | 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, Republic of | 0.021 | 2020 | up 19.4% | volatile |
| 115 | El Salvador | 0.0196 | 2020 | up 1.2% | volatile |
| 116 | Congo, Republic of | 0.0181 | 2020 | up 95.3% | falling |
| 117 | Belarus, Republic of | 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, United Republic of | 0.013 | 2020 | down 19.2% | falling |
| 124 | Eswatini, Kingdom of | 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, The Federal Democratic Republic of | 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, Kingdom of the Netherlands | 0.0076 | 2020 | up 139.7% | volatile |
| 133 | Kyrgyz Republic | 0.0075 | 2020 | up 15.7% | volatile |
| 134 | Mauritania, Islamic Republic of | 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, Republic of | 0.0036 | 2020 | down 24.3% | falling |
| 140 | Moldova, Republic of | 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, Republic of | 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 | Cabo Verde | 0.0022 | 2020 | up 19.3% | rising |
| 149 | Lesotho, Kingdom of | 0.0019 | 2020 | up 3.3% | falling |
| 150 | Fiji, Republic of | 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 | Congo, Democratic Republic of the | 0 | 2020 | down 100.0% | volatile |
| 159 | Antigua and Barbuda | 0 | 2020 | — | flat |
| 159 | Central African Republic | 0 | 2020 | — | flat |
| 159 | Comoros, Union of the | 0 | 2020 | — | flat |
| 159 | Djibouti | 0 | 2020 | down 100.0% | volatile |
| 159 | Dominica | 0 | 2020 | — | flat |
| 159 | Eritrea, The State of | 0 | 2020 | — | flat |
| 159 | Micronesia, Federated States of | 0 | 2020 | — | flat |
| 159 | Gambia, The | 0 | 2020 | — | flat |
| 159 | Guinea-Bissau | 0 | 2020 | — | flat |
| 159 | Equatorial Guinea, Republic of | 0 | 2020 | — | volatile |
| 159 | Haiti | 0 | 2020 | — | flat |
| 159 | Kiribati | 0 | 2020 | — | flat |
| 159 | St. Kitts and Nevis | 0 | 2020 | — | flat |
| 159 | Libya | 0 | 2020 | down 100.0% | volatile |
| 159 | Marshall Islands | 0 | 2020 | — | flat |
| 159 | French Polynesia | 0 | 2020 | — | flat |
| 159 | Solomon Islands | 0 | 2020 | — | flat |
| 159 | South Sudan, Republic of | 0 | 2020 | — | flat |
| 159 | São Tomé and Príncipe, Democratic Republic of | 0 | 2020 | — | flat |
| 159 | Syrian Arab Republic | 0 | 2020 | — | volatile |
| 159 | Timor-Leste, Democratic Republic of | 0 | 2020 | — | flat |
| 159 | Tonga | 0 | 2020 | — | flat |
| 159 | St. Vincent and the Grenadines | 0 | 2020 | — | flat |
| 159 | Vanuatu | 0 | 2020 | — | flat |
| 159 | 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 0.5423
- 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.