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Policy Formulation (PO) (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...

Countries reporting
47
Highest
211.7
United States
Lowest
65.92
Hungary
Median
108.69
Years covered
12
2007–2018
Data points
546

What the numbers show

Policy Formulation (PO) (Index) is currently reported for 47 countries. The highest value is 211.7 in United States; the lowest is 65.92 in Hungary.

The median across all reporting countries is 108.69, and the mean is 120.06.

The gap between the highest and lowest reporting country is a factor of about 3.

Over the past decade 26 countries rose and 8 fell. The largest increase was in United States (up 111.7%), and the largest decrease in Hungary (down 34.1%).

Policy Formulation (PO): full country ranking

#Country LatestYear 10-year changeTrend
1 United States 211.7 2018 up 111.7% rising
1 Ukraine 211.7 2018 up 111.7% rising
1 Moldova 211.7 2018 up 111.7% rising
1 Georgia 211.7 2018 up 111.7% rising
5 India 179.2 2018 up 79.2% rising
6 Mozambique 164.87 2018 up 64.9% rising
6 Russia 164.87 2018 up 64.9% rising
6 New Zealand 164.87 2018 up 64.9% rising
6 Kazakhstan 164.87 2018 up 64.9% rising
10 Pakistan 139.56 2018 up 39.6% rising
10 Argentina 139.56 2018 up 39.6% rising
10 Uganda 139.56 2018 up 39.6% rising
13 Rwanda 128.4 2018 up 28.4% rising
13 Kenya 128.4 2018 up 28.4% rising
15 Ghana 118.14 2018 up 18.1% rising
15 Malaysia 118.14 2018 up 18.1% rising
15 South Korea 118.14 2018 up 18.1% rising
15 Japan 118.14 2018 up 18.1% rising
19 Colombia 108.69 2018 up 8.7% rising
19 Israel 108.69 2018 up 8.7% rising
19 Brazil 108.69 2018 up 8.7% rising
19 Iceland 108.69 2018 up 8.7% rising
19 South Africa 108.69 2018 up 8.7% rising
19 Nigeria 108.69 2018 up 8.7% rising
19 Norway 108.69 2018 up 8.7% rising
19 Philippines 108.69 2018 up 8.7% rising
27 Uruguay 100 2018 unchanged flat
27 Australia 100 2018 unchanged flat
27 Tanzania 100 2018 unchanged falling
27 Turkey 100 2018 unchanged falling
27 Zambia 100 2018 unchanged flat
27 Thailand 100 2018 unchanged falling
27 Chile 100 2018 unchanged flat
27 Canada 100 2018 unchanged flat
27 Poland 100 2018 unchanged flat
27 Peru 100 2018 unchanged flat
27 Mauritius 100 2018 unchanged flat
27 China 100 2018 unchanged flat
27 Czechia 100 2018 unchanged flat
40 Mexico 92 2018 down 8.0% flat
40 Armenia 92 2018 down 8.0% flat
42 Indonesia 84.65 2018 down 15.4% falling
43 Serbia 77.88 2018 down 22.1% falling
43 United Kingdom 77.88 2018 down 22.1% falling
43 Jamaica 77.88 2018 down 22.1% falling
46 Sweden 71.65 2018 down 28.3% falling
47 Hungary 65.92 2018 down 34.1% falling

Regions and income groups

Aggregates are excluded from the country ranking above so that a region can never outrank a country.

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Policy Formulation (PO) by country. Statizoid, drawing on International Monetary Fund. Retrieved 21 September 2026, from https://financial-sector.statizoid.com/stat/policy-formulation-po-index/

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About this data

Indicator
Policy Formulation (PO) (Index)
Source
International Monetary Fund
Licence
IMF Terms and Conditions (attribution required)
Coverage
48 places, 546 data points, 2007–2018
Last refreshed

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).