Independence and Accountability, Policy and Operational Strategy, Communication (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, Policy and Operational Strategy, Communication (Index) is currently reported for 47 countries. The highest value is 256.94 in India; the lowest is 93.38 in Hungary.
The median across all reporting countries is 113.14, and the mean is 133.5.
The gap between the highest and lowest reporting country is a factor of about 3.
Over the past decade 44 countries rose and 3 fell. The largest increase was in India (up 156.9%), and the largest decrease in Hungary (down 6.6%).
Independence and Accountability, Policy and Operational Strategy: full country ranking
| # | Country | Latest | Year | 10-year change | Trend |
|---|---|---|---|---|---|
| 1 | India | 256.94 | 2018 | up 156.9% | rising |
| 2 | Ukraine | 241.6 | 2018 | up 141.6% | rising |
| 3 | Rwanda | 228 | 2018 | up 128.0% | rising |
| 4 | Uruguay | 222.75 | 2018 | up 122.7% | rising |
| 5 | Moldova | 187.8 | 2018 | up 87.8% | rising |
| 6 | Uganda | 182.23 | 2018 | up 82.2% | rising |
| 7 | Pakistan | 175 | 2018 | up 75.0% | rising |
| 8 | Kazakhstan | 173.11 | 2018 | up 73.1% | rising |
| 9 | Russia | 172.24 | 2018 | up 72.2% | rising |
| 10 | Ghana | 170.26 | 2018 | up 70.3% | rising |
| 11 | Malaysia | 157.74 | 2018 | up 57.7% | rising |
| 12 | Zambia | 154.87 | 2018 | up 54.9% | rising |
| 13 | Israel | 147.63 | 2018 | up 47.6% | rising |
| 14 | Mozambique | 141 | 2018 | up 41.0% | rising |
| 15 | Argentina | 139.95 | 2018 | up 39.9% | rising |
| 16 | Kenya | 132.9 | 2018 | up 32.9% | rising |
| 17 | Georgia | 132.24 | 2018 | up 32.2% | rising |
| 18 | United States | 131.28 | 2018 | up 31.3% | rising |
| 19 | Korea | 128.01 | 2018 | up 28.0% | rising |
| 20 | Japan | 118.49 | 2018 | up 18.5% | rising |
| 21 | Jamaica | 116.25 | 2018 | up 16.2% | flat |
| 22 | Türkiye | 115.97 | 2018 | up 16.0% | rising |
| 23 | Colombia | 114.48 | 2018 | up 14.5% | rising |
| 24 | New Zealand | 113.14 | 2018 | up 13.1% | rising |
| 25 | Brazil | 112.76 | 2018 | up 12.8% | rising |
| 26 | Armenia | 112.13 | 2018 | up 12.1% | rising |
| 27 | Australia | 112.1 | 2018 | up 12.1% | rising |
| 28 | Iceland | 111.91 | 2018 | up 11.9% | rising |
| 29 | South Africa | 111.67 | 2018 | up 11.7% | rising |
| 30 | Mauritius | 109.1 | 2018 | up 9.1% | rising |
| 31 | Philippines | 108.74 | 2018 | up 8.7% | rising |
| 32 | Czechia | 107.49 | 2018 | up 7.5% | rising |
| 33 | United Kingdom | 107.4 | 2018 | up 7.4% | rising |
| 34 | Thailand | 107.21 | 2018 | up 7.2% | rising |
| 35 | Norway | 106.27 | 2018 | up 6.3% | rising |
| 36 | Chile | 106 | 2018 | up 6.0% | flat |
| 37 | China (People’s Republic of) | 105.41 | 2018 | up 5.4% | rising |
| 38 | Poland | 104.69 | 2018 | up 4.7% | rising |
| 39 | Canada | 103.5 | 2018 | up 3.5% | flat |
| 40 | Mexico | 102.11 | 2018 | up 2.1% | flat |
| 41 | Serbia | 101.5 | 2018 | up 1.5% | flat |
| 42 | Peru | 101.33 | 2018 | up 1.3% | flat |
| 43 | Nigeria | 101.21 | 2018 | up 1.2% | rising |
| 44 | Tanzania | 100.27 | 2018 | up 0.3% | flat |
| 45 | Indonesia | 97.42 | 2018 | down 2.6% | flat |
| 46 | Sweden | 96.94 | 2018 | down 3.1% | flat |
| 47 | Hungary | 93.38 | 2018 | down 6.6% | flat |
Regions and income groups
Aggregates are excluded from the country ranking above so that a region can never outrank a country.
- Low-Income Developing Countries 144.54
- Advanced economies 114.7
- Euro Area (EA) 107
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).