Integrity of the Monetary Policymaking Body (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
Integrity of the Monetary Policymaking Body (IA) (Index) is currently reported for 47 countries. The highest value is 170.22 in Israel; the lowest is 82.57 in Ghana.
The median across all reporting countries is 102.15, and the mean is 106.06.
The gap between the highest and lowest reporting country is a factor of about 2.
Over the past decade 28 countries rose and 12 fell. The largest increase was in Israel (up 70.2%), and the largest decrease in Ghana (down 17.4%).
Integrity of the Monetary Policymaking Body (IA): full country ranking
| # | Country | Latest | Year | 10-year change | Trend |
|---|---|---|---|---|---|
| 1 | Israel | 170.22 | 2018 | up 70.2% | rising |
| 2 | Ukraine | 131.86 | 2018 | up 31.9% | rising |
| 3 | Russia | 129.09 | 2018 | up 29.1% | rising |
| 3 | Malaysia | 129.09 | 2018 | up 29.1% | rising |
| 3 | India | 129.09 | 2018 | up 29.1% | rising |
| 6 | Japan | 116.06 | 2018 | up 16.1% | rising |
| 7 | Mexico | 114.41 | 2018 | up 14.4% | rising |
| 8 | New Zealand | 113.62 | 2018 | up 13.6% | rising |
| 8 | Indonesia | 113.62 | 2018 | up 13.6% | rising |
| 10 | Poland | 111.22 | 2018 | up 11.2% | rising |
| 10 | Georgia | 111.22 | 2018 | up 11.2% | rising |
| 10 | South Korea | 111.22 | 2018 | up 11.2% | rising |
| 10 | Hungary | 111.22 | 2018 | up 11.2% | rising |
| 14 | Rwanda | 108.88 | 2018 | up 8.9% | rising |
| 14 | Pakistan | 108.88 | 2018 | up 8.9% | rising |
| 14 | Mozambique | 108.88 | 2018 | up 8.9% | rising |
| 14 | Iceland | 108.88 | 2018 | up 8.9% | rising |
| 18 | Moldova | 106.59 | 2018 | up 6.6% | rising |
| 18 | Uruguay | 106.59 | 2018 | up 6.6% | rising |
| 18 | Czechia | 106.59 | 2018 | up 6.6% | rising |
| 18 | Chile | 106.59 | 2018 | up 6.6% | rising |
| 22 | South Africa | 104.35 | 2018 | up 4.3% | flat |
| 22 | Argentina | 104.35 | 2018 | up 4.3% | flat |
| 24 | Brazil | 102.15 | 2018 | up 2.2% | flat |
| 24 | United States | 102.15 | 2018 | up 2.2% | flat |
| 24 | Norway | 102.15 | 2018 | up 2.2% | flat |
| 24 | Australia | 102.15 | 2018 | up 2.2% | flat |
| 24 | Peru | 102.15 | 2018 | up 2.2% | flat |
| 29 | Thailand | 100 | 2018 | unchanged | flat |
| 29 | Tanzania | 100 | 2018 | unchanged | flat |
| 29 | China | 100 | 2018 | unchanged | flat |
| 29 | Colombia | 100 | 2018 | unchanged | flat |
| 29 | Nigeria | 100 | 2018 | unchanged | flat |
| 29 | United Kingdom | 100 | 2018 | unchanged | flat |
| 29 | Kazakhstan | 100 | 2018 | unchanged | flat |
| 36 | Philippines | 97.89 | 2018 | down 2.1% | flat |
| 36 | Canada | 97.89 | 2018 | down 2.1% | flat |
| 36 | Mauritius | 97.89 | 2018 | down 2.1% | flat |
| 39 | Sweden | 95.83 | 2018 | down 4.2% | flat |
| 40 | Serbia | 93.82 | 2018 | down 6.2% | falling |
| 40 | Kenya | 93.82 | 2018 | down 6.2% | falling |
| 40 | Armenia | 93.82 | 2018 | down 6.2% | flat |
| 43 | Turkey | 91.84 | 2018 | down 8.2% | flat |
| 43 | Jamaica | 91.84 | 2018 | down 8.2% | falling |
| 45 | Uganda | 88.02 | 2018 | down 12.0% | falling |
| 46 | Zambia | 86.16 | 2018 | down 13.8% | falling |
| 47 | Ghana | 82.57 | 2018 | down 17.4% | falling |
Regions and income groups
Aggregates are excluded from the country ranking above so that a region can never outrank a country.
- Euro Area (EA) 108.88
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).