Independence and Accountability (IA) (Index) by country
Monetary policy framework comprises the structures in place that enable and guide the conduct of monetary policy. In this project, we provide a multidimensional characterization of monetary policy frameworks across three pillars: Independence and Accountability, Policy and Operational Strategy, and Communications...
What the numbers show
Independence and Accountability (IA) (Index) is currently reported for 47 countries. The highest value is 234.44 in India; the lowest is 87.79 in Uganda.
The median across all reporting countries is 106.13, and the mean is 115.93.
The gap between the highest and lowest reporting country is a factor of about 3.
Over the past decade 41 countries rose and 4 fell. The largest increase was in India (up 134.4%), and the largest decrease in Uganda (down 12.2%).
Independence and Accountability (IA): full country ranking
| # | Country | Latest | Year | 10-year change | Trend |
|---|---|---|---|---|---|
| 1 | India | 234.44 | 2018 | up 134.4% | rising |
| 2 | Uruguay | 202.07 | 2018 | up 102.1% | rising |
| 3 | Israel | 196.36 | 2018 | up 96.4% | rising |
| 4 | Ukraine | 158.34 | 2018 | up 58.3% | rising |
| 5 | Pakistan | 155.47 | 2018 | up 55.5% | rising |
| 6 | Malaysia | 148.61 | 2018 | up 48.6% | rising |
| 7 | Rwanda | 143.57 | 2018 | up 43.6% | rising |
| 8 | Iceland | 117.65 | 2018 | up 17.7% | rising |
| 9 | Korea | 116.9 | 2018 | up 16.9% | rising |
| 10 | Republic of Moldova | 114.62 | 2018 | up 14.6% | rising |
| 11 | Russian Federation | 114.05 | 2018 | up 14.0% | rising |
| 12 | Japan | 113.3 | 2018 | up 13.3% | rising |
| 13 | Poland | 112.13 | 2018 | up 12.1% | rising |
| 14 | Serbia | 110.72 | 2018 | up 10.7% | rising |
| 15 | United States of America | 110 | 2018 | up 10.0% | rising |
| 16 | Kazakhstan | 109.68 | 2018 | up 9.7% | rising |
| 17 | Argentina | 108.67 | 2018 | up 8.7% | flat |
| 18 | Colombia | 107.92 | 2018 | up 7.9% | rising |
| 19 | Ghana | 107.47 | 2018 | up 7.5% | rising |
| 20 | Canada | 107.1 | 2018 | up 7.1% | rising |
| 21 | Mauritius | 107.01 | 2018 | up 7.0% | rising |
| 22 | Kenya | 106.77 | 2018 | up 6.8% | rising |
| 23 | Zambia | 106.5 | 2018 | up 6.5% | flat |
| 24 | Mozambique | 106.13 | 2018 | up 6.1% | rising |
| 25 | Norway | 105.63 | 2018 | up 5.6% | flat |
| 26 | Czechia | 105.15 | 2018 | up 5.2% | rising |
| 27 | Brazil | 104.8 | 2018 | up 4.8% | rising |
| 28 | Chile | 104.44 | 2018 | up 4.4% | flat |
| 29 | New Zealand | 104.35 | 2018 | up 4.4% | flat |
| 30 | Armenia | 104.34 | 2018 | up 4.3% | rising |
| 31 | Mexico | 103.7 | 2018 | up 3.7% | rising |
| 32 | Indonesia | 103.61 | 2018 | up 3.6% | flat |
| 33 | Thailand | 103.57 | 2018 | up 3.6% | flat |
| 34 | Jamaica | 102.64 | 2018 | up 2.6% | rising |
| 35 | Tanzania, United Republic of | 102.17 | 2018 | up 2.2% | flat |
| 36 | United Kingdom of Great Britain and Northern Ireland | 102.08 | 2018 | up 2.1% | flat |
| 37 | Türkiye | 101.51 | 2018 | up 1.5% | flat |
| 38 | Australia | 100.84 | 2018 | up 0.8% | flat |
| 39 | Peru | 100.84 | 2018 | up 0.8% | flat |
| 40 | South Africa | 100.46 | 2018 | up 0.5% | flat |
| 41 | Georgia | 100.22 | 2018 | up 0.2% | flat |
| 42 | China | 100 | 2018 | unchanged | flat |
| 42 | Nigeria | 100 | 2018 | unchanged | flat |
| 44 | Hungary | 99.68 | 2018 | down 0.3% | flat |
| 45 | Philippines | 98.31 | 2018 | down 1.7% | flat |
| 46 | Sweden | 96.95 | 2018 | down 3.1% | flat |
| 47 | Uganda | 87.79 | 2018 | down 12.2% | falling |
Regions and income groups
Aggregates are excluded from the country ranking above so that a region can never outrank a country.
- Advanced economies 114.35
- Euro Area (EA) 110.23
- Low-Income Developing Countries 108.39
About this data
Monetary policy framework comprises the structures in place that enable and guide the conduct of monetary policy. In this project, we provide a multidimensional characterization of monetary policy frameworks across three pillars: Independence and Accountability, Policy and Operational Strategy, and Communications (IAPOC). This database covers 50 advanced economies, emerging markets, and low-income developing countries, from 2007 to 2018 (being extended).