Policy and Operational Strategy (P0) (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
Policy and Operational Strategy (P0) (Index) is currently reported for 47 countries. The highest value is 646.43 in Pakistan; the lowest is 80.38 in Hungary.
The median across all reporting countries is 109.07, and the mean is 175.9.
The gap between the highest and lowest reporting country is a factor of about 8.
Over the past decade 36 countries rose and 9 fell. The largest increase was in Pakistan (up 546.4%), and the largest decrease in Hungary (down 19.6%).
Policy and Operational Strategy (P0): full country ranking
| # | Country | Latest | Year | 10-year change | Trend |
|---|---|---|---|---|---|
| 1 | Pakistan | 646.43 | 2018 | up 546.4% | volatile |
| 2 | India | 629.17 | 2018 | up 529.2% | volatile |
| 3 | Uruguay | 596.43 | 2018 | up 496.4% | volatile |
| 4 | Uganda | 462.43 | 2018 | up 362.4% | volatile |
| 5 | Ukraine | 365.22 | 2018 | up 265.2% | volatile |
| 6 | Rwanda | 313.1 | 2018 | up 213.1% | rising |
| 7 | Republic of Moldova | 257.38 | 2018 | up 157.4% | rising |
| 8 | Argentina | 246.25 | 2018 | up 146.2% | volatile |
| 9 | Malaysia | 244.9 | 2018 | up 144.9% | rising |
| 9 | Ghana | 244.9 | 2018 | up 144.9% | rising |
| 11 | Kazakhstan | 232.26 | 2018 | up 132.3% | rising |
| 12 | Türkiye | 176.8 | 2018 | up 76.8% | rising |
| 13 | Russian Federation | 159.9 | 2018 | up 59.9% | rising |
| 14 | Georgia | 159.09 | 2018 | up 59.1% | rising |
| 15 | United States of America | 140.23 | 2018 | up 40.2% | rising |
| 16 | Israel | 136.11 | 2018 | up 36.1% | rising |
| 17 | Zambia | 130.22 | 2018 | up 30.2% | rising |
| 18 | Colombia | 124.93 | 2018 | up 24.9% | rising |
| 19 | Japan | 123.08 | 2018 | up 23.1% | rising |
| 20 | Mozambique | 122.91 | 2018 | up 22.9% | flat |
| 21 | Korea | 120.43 | 2018 | up 20.4% | rising |
| 22 | Philippines | 119.15 | 2018 | up 19.1% | rising |
| 23 | Kenya | 116.37 | 2018 | up 16.4% | rising |
| 24 | China | 109.07 | 2018 | up 9.1% | rising |
| 25 | Australia | 109.02 | 2018 | up 9.0% | rising |
| 26 | New Zealand | 108.89 | 2018 | up 8.9% | rising |
| 27 | South Africa | 107.75 | 2018 | up 7.7% | flat |
| 28 | Nigeria | 105.11 | 2018 | up 5.1% | rising |
| 29 | Mauritius | 104.86 | 2018 | up 4.9% | rising |
| 30 | Mexico | 104.44 | 2018 | up 4.4% | rising |
| 31 | Brazil | 102.57 | 2018 | up 2.6% | flat |
| 32 | Chile | 102.56 | 2018 | up 2.6% | flat |
| 33 | Iceland | 102.1 | 2018 | up 2.1% | flat |
| 34 | Norway | 101.88 | 2018 | up 1.9% | flat |
| 35 | Canada | 101.78 | 2018 | up 1.8% | flat |
| 36 | Czechia | 100.61 | 2018 | up 0.6% | flat |
| 37 | Peru | 100 | 2018 | unchanged | flat |
| 37 | Poland | 100 | 2018 | unchanged | flat |
| 39 | Indonesia | 97.72 | 2018 | down 2.3% | flat |
| 40 | Thailand | 97.2 | 2018 | down 2.8% | falling |
| 41 | Tanzania, United Republic of | 96.77 | 2018 | down 3.2% | falling |
| 42 | Jamaica | 96.37 | 2018 | down 3.6% | falling |
| 43 | Serbia | 95.92 | 2018 | down 4.1% | flat |
| 44 | Armenia | 94.81 | 2018 | down 5.2% | flat |
| 45 | United Kingdom of Great Britain and Northern Ireland | 94.67 | 2018 | down 5.3% | flat |
| 46 | Sweden | 85.28 | 2018 | down 14.7% | falling |
| 47 | Hungary | 80.38 | 2018 | down 19.6% | falling |
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 185.65
- Advanced economies 109.54
- Euro Area (EA) 100
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).