San Marino Economic Indicators

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GDP and economic growth
Measure
Frequency
Latest value
Reference
Time coverage
percent
1.50
2017
annual
1998  -  2017
Annual percentage growth rate of GDP at market prices based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources.
billion USD
1.8
2017
annual
1997  -  2017
GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in constant 2010 U.S. dollars. Dollar figures for GDP are converted from domestic currencies using 2010 official exchange rates. For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used.
billion USD
1.63
2017
annual
1999  -  2017
GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current U.S. dollars. Dollar figures for GDP are converted from domestic currencies using single year official exchange rates. For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used.
USD
48494.55
2017
annual
1999  -  2017
GDP per capita is gross domestic product divided by midyear population. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current U.S. dollars.
USD
57296.86
2017
annual
1997  -  2017
GDP per capita based on purchasing power parity (PPP). PPP GDP is gross domestic product converted to international dollars using purchasing power parity rates. An international dollar has the same purchasing power over GDP as the U.S. dollar has in the United States. GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in constant 2011 international dollars.
USD
53337.59
2017
annual
1997  -  2017
GDP per capita is gross domestic product divided by midyear population. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in constant 2010 U.S. dollars.
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Money
Measure
Frequency
Latest value
Reference
Time coverage
percent
1.0
2017
annual
2004  -  2017
Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used.
local currency units per dollar
0.85
2018
annual
1972  -  2018
Official exchange rate refers to the exchange rate determined by national authorities or to the rate determined in the legally sanctioned exchange market. It is calculated as an annual average based on monthly averages (local currency units relative to the U.S. dollar).
Local Currency Units per USD
0.9048
Nov/2019
monthly
1/2000 - 11/2019
The amount of local currency units that can be exchanged for one USD. An increase (decrease) means USD appreciation (depreciation).
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International trade and investment
Measure
Frequency
Latest value
Reference
Time coverage
billion USD
0.34
2018
annual
1993  -  2018
Total reserves comprise holdings of monetary gold, special drawing rights, reserves of IMF members held by the IMF, and holdings of foreign exchange under the control of monetary authorities. The gold component of these reserves is valued at year-end (December 31) London prices. Data are in current U.S. dollars.
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Government spending and balances
Measure
Frequency
Latest value
Reference
Time coverage
percent
53.77
2016
annual
2002  -  2016
Debt is the entire stock of direct government fixed-term contractual obligations to others outstanding on a particular date. It includes domestic and foreign liabilities such as currency and money deposits, securities other than shares, and loans. It is the gross amount of government liabilities reduced by the amount of equity and financial derivatives held by the government. Because debt is a stock rather than a flow, it is measured as of a given date, usually the last day of the fiscal year.
Sovereign rating index and outlook
0.0
annual
4/2019 - 10/2019
S&P includes long-term ratings from the highest AAA to the lowest D rating. Moody’s includes long-term ratings from the highest Aaa to the lowest C. Fitch includes long-term ratings from the highest AAA to the lowest D rating.

For all three credit rating agencies the ratings are divided into two large groups based on the level of credit risk: investment grade for lower levels of credit risk and speculative grade for higher levels of credit risk. For S&P and Fitch investment grade issues/issuers are those from BBB and above, while those from BB and below are categorized as speculative grade. Moody’s denotes as investment grade issues/issuers from Baa3 and above, while ratings from Ba1 and bellow fall to the category of speculative grade.

All three agencies include modifiers into to their generic alphabet-based ratings for particular ranges. S&P and Fitch ratings are modified with “+” or “-“ from the range AA to CCC. Moody’s appends numerical modifiers from 1 to 3 to the generic rating classifications from Aa to Caa. 1 indicates standing in the higher end of the generic category, while 3 indicates ranking in the lower end. All modifiers denote relative status within major rating categories.

Rating outlooks indicate the direction the rating is likely to move over a one to two year period. In determining an outlook consideration is given to any changes in fundamental business conditions. Credit watch focuses on identifiable events that cause ratings to be placed under special surveillance.

Rating Outlooks/Watches for the three agencies are the following:

- Positive means that a rating may be raised
- Negative means that a rating may be lowered
- Stable means a rating is not likely to change
- When the fundamental trend has strong, conflicting elements of both positive and negative, the outlook/watch is denoted as Developing.

Credit watches do not include Stable watch because they are only event-driven and denote higher probability of change in the rating. Credit Outlooks and Watches are mutually exclusive.
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Forecast from the IMF
Measure
Frequency
Latest value
Reference
Time coverage
percent
0.50
2024
annual
1998  -  2024
Year-on-year percent changes in constant price GDP. The base year is country-specific. Expenditure-based GDP is the total final expenditure at purchasers prices including the f.o.b. value of exports of goods and services, less the f.o.b. value of imports of goods and services.
percent
21.63
2024
annual
2004  -  2024
Expressed as a ratio of total investment in current local currency and GDP in current local currency. Investment or gross capital formation is measured by the total value of the gross fixed capital formation and changes in inventories and acquisitions less disposals of valuables for a unit or sector.
percent
1.70
2024
annual
2004  -  2024
Year-on-year percentage changes in end-of-period consumer prices.
percent
8.14
2024
annual
2001  -  2024
The unemployment rate is the number of unemployed persons as a percentage of the labor force (the total number of people employed plus unemployed).
percent
0.23
2024
annual
2017  -  2024
The current account is all transactions other than those in financial and capital items. The major classifications are goods and services, income and current transfers.
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Business environment
Measure
Frequency
Latest value
Reference
Time coverage
percent of per capita GNI
9.00
2018
annual
2012  -  2018
The indicator includes all official fees and fees for legal or professional services if such services are required by law. The company law, the commercial code, and specific regulations and fee schedules are used as sources for calculating costs. The indicator excludes bribes.
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Governance, institutions, corruption
Measure
Frequency
Latest value
Reference
Time coverage
points
0.94
2013
annual
1996  -  2013
The index for Rule of Law captures perceptions of the extent to which agents have confidence in and abide by the rules of society, and in particular the quality of contract enforcement, property rights, the police, and the courts, as well as the likelihood of crime and violence.
points
1.19
2017
annual
1996  -  2017
The index for Voice and Accountability captures perceptions of the extent to which the citizens are able to participate in selecting their government, as well as freedom of expression, freedom of association, and a free media.
points
0.94
2017
annual
2003  -  2017
The index of Political Stability and Absence of Violence/Terrorism measures perceptions of the likelihood that the government will be destabilized or overthrown by unconstitutional or violent means, including politically-motivated violence and terrorism. The index is an average of several other indexes from the Economist Intelligence Unit, the World Economic Forum, and the Political Risk Services, among others.
points
1
2019
annual
1972  -  2019
The Political Rights ratings from the Freedom House evaluate three categories: electoral process, political pluralism and participation, and the functioning of government. The index ranges from 1 (strong rights) to 7 (weak rights).
points
1
2019
annual
1972  -  2019
The Civil Liberties index from the Freedom House evaluate the following: freedom of expression and belief, associational and organizational rights, rule of law, and personal autonomy and individual rights. The rating ranges from 1 (strong liberties) to 7 (no liberties).
percent
26.70
2018
annual
1990  -  2018
Women in parliaments are the percentage of parliamentary seats in a single or lower chamber held by women.
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Tax rates and revenue sources
Measure
Frequency
Latest value
Reference
Time coverage
percent
15.65
2016
annual
2002  -  2016
Tax revenue refers to compulsory transfers to the central government for public purposes. Certain compulsory transfers such as fines, penalties, and most social security contributions are excluded. Refunds and corrections of erroneously collected tax revenue are treated as negative revenue.
percent
36.20
2019
annual
2012  -  2019
Total tax rate measures the amount of taxes and mandatory contributions payable by businesses after accounting for allowable deductions and exemptions as a share of commercial profits. Taxes withheld (such as personal income tax) or collected and remitted to tax authorities (such as value added taxes, sales taxes or goods and service taxes) are excluded.
hours
52
2019
annual
2012  -  2019
Time to prepare and pay taxes is the time, in hours per year, it takes to prepare, file, and pay (or withhold) three major types of taxes: the corporate income tax, the value added or sales tax, and labor taxes, including payroll taxes and social security contributions.
taxes
18
2019
annual
2012  -  2019
Tax payments by businesses are the total number of taxes paid by businesses, including electronic filing. The tax is counted as paid once a year even if payments are more frequent.
percent
21.20
2016
annual
1995  -  2016
Taxes on goods and services include general sales and turnover or value added taxes, selective excises on goods, selective taxes on services, taxes on the use of goods or property, taxes on extraction and production of minerals, and profits of fiscal monopolies.
percent
0.47
2016
annual
1995  -  2016
Taxes on international trade include import duties, export duties, profits of export or import monopolies, exchange profits, and exchange taxes.
percent
15.41
2016
annual
1995  -  2016
Taxes on income, profits, and capital gains are levied on the actual or presumptive net income of individuals, on the profits of corporations and enterprises, and on capital gains, whether realized or not, on land, securities, and other assets. Intragovernmental payments are eliminated in consolidation.
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Country risk indicators
Measure
Frequency
Latest value
Reference
Time coverage
index points
2
2019
annual
2014  -  2019
The short-term political risk classification measures the likelihood of a risk caused by political and assimilated events connected to cross-border transactions with a risk horizon of up to 1 year. In order to assess this risk, Credendo uses a quantitative model, essentially focusing on the evolution of the liquidity situation of the debtor/obligor countries. The aim is to assess the capacity of a country to honour its short-term payment obligations. The model closely follows any deterioration or improvement in the situation of the debtor countries. Countries are classified into seven categories: from 1 (low risk) to 7 (high risk).
index points
1.0
2019
annual
2014  -  2019
The medium-/long-term political risk classification measures the likelihood of a risk caused by political and assimilated events connected to cross-border transactions with a risk horizon beyond 1 year. Credendo developed a quantitative model measuring especially the countries’ solvency. It combines an assessment of the economic and financial situation, an assessment of the political situation and a payment experience analysis for each country. Countries are classified into seven categories: from 1 (low risk) to 7 (high risk).
index points
2
2019
annual
2014  -  2019
The premium category set for political risk related to (special) cash transactions is based on Credendo’s classification for respectively short-term and medium-/long-term political risks related to credit transactions. Countries are classified into seven categories: from 1 (low risk) to 7 (high risk).
index points
1
2019
annual
2014  -  2019
The currency inconvertibility and transfer restriction risk refers to the inability to convert and transfer out of the host country any funds related to the investment. Countries are classified into seven categories: from 1 (low risk) to 7 (high risk).
index points
4
2014
annual
2014  -  2014
The risk of expropriation encompasses all discriminatory measures taken by a host government which deprive the investor of its investment without any adequate compensation; for the purpose of analysing the expropriation risk, events of embargo, change of (legal) regime and denial of justice are included. In order to assess the expropriation risk Credendo not only assesses the risk attached to expropriation as such, but also the functioning of legal institutions in the host country and the probability of a negative change in attitude towards foreign investments. Countries are classified into seven categories: from 1 (low risk) to 7 (high risk).
index points
3
2014
annual
2014  -  2014
Political Violence includes all violent act(s) undertaken with a political objective; this concept is broader than ‘war’ and includes: terrorism (political, religious and ideological objectives) and political violence damage (damage to material assets as a result of political violence); for the purposes of analysing the political violence risk, types of business interruption as a result of political violence damage are included. In order to assess the political violence risk, Credendo looks at the actual levels of internal violence in and external conflict with a country, but also at the conflict potential that arises from (lingering) internal and external tensions, frustration and dissatisfaction. Countries are classified into seven categories (from 1-low risk to 7-high risk).
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Infrastructure and transport characteristics
Measure
Frequency
Latest value
Reference
Time coverage
percent
60.18
2017
annual
1990  -  2017
Internet users are individuals who have used the Internet (from any location) in the last 3 months. The Internet can be used via a computer, mobile phone, personal digital assistant, games machine, digital TV etc.
subscribers
10500
2017
annual
2003  -  2017
Fixed broadband subscriptions refers to fixed subscriptions to high-speed access to the public Internet (a TCP/IP connection), at downstream speeds equal to, or greater than, 256 kbit/s. This includes cable modem, DSL, fiber-to-the-home/building, other fixed (wired)-broadband subscriptions, satellite broadband and terrestrial fixed wireless broadband. This total is measured irrespective of the method of payment. It excludes subscriptions that have access to data communications (including the Internet) via mobile-cellular networks. It should include fixed WiMAX and any other fixed wireless technologies. It includes both residential subscriptions and subscriptions for organizations.
percent
31.18
2017
annual
2003  -  2017
Fixed broadband subscriptions refers to fixed subscriptions to high-speed access to the public Internet (a TCP/IP connection), at downstream speeds equal to, or greater than, 256 kbit/s. This includes cable modem, DSL, fiber-to-the-home/building, other fixed (wired)-broadband subscriptions, satellite broadband and terrestrial fixed wireless broadband. This total is measured irrespective of the method of payment. It excludes subscriptions that have access to data communications (including the Internet) via mobile-cellular networks. It should include fixed WiMAX and any other fixed wireless technologies. It includes both residential subscriptions and subscriptions for organizations.
million subscribers
0.04
2017
annual
1990  -  2017
Mobile cellular telephone subscriptions are subscriptions to a public mobile telephone service that provide access to the PSTN using cellular technology. The indicator includes (and is split into) the number of postpaid subscriptions, and the number of active prepaid accounts (i.e. that have been used during the last three months). The indicator applies to all mobile cellular subscriptions that offer voice communications. It excludes subscriptions via data cards or USB modems, subscriptions to public mobile data services, private trunked mobile radio, telepoint, radio paging and telemetry services.
subscribers per 100 people
112.86
2017
annual
1990  -  2017
Mobile cellular telephone subscriptions are subscriptions to a public mobile telephone service that provide access to the PSTN using cellular technology. The indicator includes (and is split into) the number of postpaid subscriptions, and the number of active prepaid accounts (i.e. that have been used during the last three months). The indicator applies to all mobile cellular subscriptions that offer voice communications. It excludes subscriptions via data cards or USB modems, subscriptions to public mobile data services, private trunked mobile radio, telepoint, radio paging and telemetry services.
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Energy and environment
Measure
Frequency
Latest value
Reference
Time coverage
percent
0.00
2017
annual
1999  -  2017
Total natural resources rents are the sum of oil rents, natural gas rents, coal rents (hard and soft), mineral rents, and forest rents.
percent
100.00
2017
annual
1990  -  2017
Access to electricity is the percentage of population with access to electricity. Electrification data are collected from industry, national surveys and international sources.
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Industry: Oil, coal, and electricity
Measure
Frequency
Latest value
Reference
Time coverage
thousand Barrels Per Day
0.02
2018
annual
1980  -  2018
Oil production, thousand barrels per day
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Agriculture sector
Measure
Frequency
Latest value
Reference
Time coverage
percent
0.0
2016
annual
1990  -  2016
Forest area is land under natural or planted stands of trees of at least 5 meters in situ, whether productive or not, and excludes tree stands in agricultural production systems (for example, in fruit plantations and agroforestry systems) and trees in urban parks and gardens.
percent
16.67
2016
annual
1961  -  2016
Agricultural land refers to the share of land area that is arable, under permanent crops, and under permanent pastures. Arable land includes land defined by the FAO as land under temporary crops (double-cropped areas are counted once), temporary meadows for mowing or for pasture, land under market or kitchen gardens, and land temporarily fallow. Land abandoned as a result of shifting cultivation is excluded. Land under permanent crops is land cultivated with crops that occupy the land for long periods and need not be replanted after each harvest, such as cocoa, coffee, and rubber. This category includes land under flowering shrubs, fruit trees, nut trees, and vines, but excludes land under trees grown for wood or timber. Permanent pasture is land used for five or more years for forage, including natural and cultivated crops.
sq. km.
10
2016
annual
1961  -  2016
Agricultural land refers to the share of land area that is arable, under permanent crops, and under permanent pastures. Arable land includes land defined by the FAO as land under temporary crops (double-cropped areas are counted once), temporary meadows for mowing or for pasture, land under market or kitchen gardens, and land temporarily fallow. Land abandoned as a result of shifting cultivation is excluded. Land under permanent crops is land cultivated with crops that occupy the land for long periods and need not be replanted after each harvest, such as cocoa, coffee, and rubber. This category includes land under flowering shrubs, fruit trees, nut trees, and vines, but excludes land under trees grown for wood or timber. Permanent pasture is land used for five or more years for forage, including natural and cultivated crops.
percent
16.7
2016
annual
1961  -  2016
Arable land includes land defined by the FAO as land under temporary crops (double-cropped areas are counted once), temporary meadows for mowing or for pasture, land under market or kitchen gardens, and land temporarily fallow. Land abandoned as a result of shifting cultivation is excluded.
percent
2.77
2018
annual
1960  -  2018
Rural population refers to people living in rural areas as defined by national statistical offices. It is calculated as the difference between total population and urban population.
sq. km
0.0
2016
annual
1990  -  2016
Forest area is land under natural or planted stands of trees of at least 5 meters in situ, whether productive or not, and excludes tree stands in agricultural production systems (for example, in fruit plantations and agroforestry systems) and trees in urban parks and gardens.
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Banking system access
Measure
Frequency
Latest value
Reference
Time coverage
ATMs per 100,000 adults
191.64
2018
annual
2010  -  2018
Number of ATMs per 100,000 adults. Automated teller machines are computerized telecommunications devices that provide clients of a financial institution with access to financial transactions in a public place.
bank accounts
1685.61
2016
annual
2010  -  2016
Number of depositors with commercial banks per 1,000 adults.
percent
100.00
2013
annual
2004  -  2013
Raw data are from Bankscope. (Sum(data2025) for three largest banks in Bankscope) / (Sum(data2025) for all banks in Bankscope). Only reported if number of banks in Bankscope is 3 or more. Calculated from underlying bank-by-bank unconsolidated data from Bankscope.
bank branches
223.80
2016
annual
2004  -  2016
Number of commercial bank branches per 100,000 adults.
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Banking system stability
Measure
Frequency
Latest value
Reference
Time coverage
percent
48.91
2017
annual
2009  -  2017
Bank nonperforming loans to total gross loans are the value of nonperforming loans divided by the total value of the loan portfolio (including nonperforming loans before the deduction of specific loan-loss provisions). The loan amount recorded as nonperforming should be the gross value of the loan as recorded on the balance sheet, not just the amount that is overdue.
percent
105.40
2016
annual
1993  -  2016
The financial resources provided to the private sector by domestic money banks as a share of total deposits. Domestic money banks comprise commercial banks and other financial institutions that accept transferable deposits, such as demand deposits. Total deposits include demand, time and saving deposits in deposit money banks.
index points
8.89
2016
annual
1997  -  2016
The index captures the probability of default of a country's banking system. Z-score compares the buffer of a country's banking system (capitalization and returns) with the volatility of those returns. It is estimated as (ROA+(equity/assets))/sd(ROA); sd(ROA) is the standard deviation of ROA. ROA, equity, and assets are country-level aggregate figures. Calculated from underlying bank-by-bank unconsolidated data from Bankscope.
percent
69.09
2016
annual
1997  -  2016
The ratio of the value of liquid assets (easily converted to cash) to short-term funding plus total deposits. Liquid assets include cash and due from banks, trading securities and at fair value through income, loans and advances to banks, reverse repos and cash collaterals. Deposits and short term funding includes total customer deposits (current, savings and term) and short term borrowing (money market instruments, CDs and other deposits).
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Banking system efficiency
Measure
Frequency
Latest value
Reference
Time coverage
percent
5.36
2016
annual
1998  -  2016
Operating expenses of a bank as a share of the value of all assets held. Total assets include total earning assets, cash and due from banks, foreclosed real estate, fixed assets, goodwill, other intangibles, current tax assets, deferred tax assets, discontinued operations and other assets. The numerator and denominator are first aggregated on the country level before division. Note that banks used in the calculation might differ between indicators. Calculated from underlying bank-by-bank unconsolidated data from Bankscope.
percent
-0.27
2016
annual
1998  -  2016
Commercial banks’ pre-tax income to yearly averaged total assets. The numerator and denominator are first aggregated on the country level before division. Note that banks used in the calculation might differ between indicators. Calculated from underlying bank-by-bank unconsolidated data from Bankscope.
percent
-3.87
2016
annual
1998  -  2016
Commercial banks’ pre-tax income to yearly averaged equity. The numerator and denominator are first aggregated on the country level before division. Note that banks used in the calculation might differ between indicators. Calculated from underlying bank-by-bank unconsolidated data from Bankscope.
percent
63.08
2014
annual
1997  -  2014
Bank’s income that has been generated by noninterest related activities as a percentage of total income (net-interest income plus noninterest income). Noninterest related income includes net gains on trading and derivatives, net gains on other securities, net fees and commissions and other operating income. The number is only calculated when net-interest income is not negative. Note that banks used in the calculation might differ between indicators. Calculated from underlying bank-by-bank unconsolidated data from Bankscope.
percent
1.46
2016
annual
1998  -  2016
Accounting value of bank's net interest revenue as a share of its average interest-bearing (total earning) assets. The numerator and denominator are aggregated on the country level before division. Note that banks used in the calculation might differ between indicators. Calculated from underlying bank-by-bank unconsolidated data from Bankscope.
percent
86.15
2014
annual
1997  -  2014
Operating expenses of a bank as a share of the sum of net-interest revenue and other operating income. The numerator and denominator are first aggregated on the country level before division. Note that banks used in the calculation might differ between indicators. Calculated from underlying bank-by-bank unconsolidated data from Bankscope.
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Banking system depth
Measure
Frequency
Latest value
Reference
Time coverage
percent
100.66
2016
annual
1997  -  2016
Ratio of liquid liabilities to GDP. Liquid liabilities are also known as broad money, or M3. They are the sum of currency and deposits in the central bank (M0), plus transferable deposits and electronic currency (M1), plus time and savings deposits, foreign currency transferable deposits, certificates of deposit, and securities repurchase agreements (M2), plus travelers checks, foreign currency time deposits, commercial paper, and shares of mutual funds or market funds held by residents.
percent
114.28
2016
annual
1997  -  2016
Total assets held by deposit money banks as a share of GDP. Assets include claims on domestic real nonfinancial sector which includes central, state and local governments, nonfinancial public enterprises and private sector. Deposit money banks comprise commercial banks and other financial institutions that accept transferable deposits, such as demand deposits.
percent
99.32
2016
annual
1997  -  2016
Demand, time and saving deposits in deposit money banks and other financial institutions as a share of GDP.
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Banking system: other indicators
Measure
Frequency
Latest value
Reference
Time coverage
percent
3.06
2018
annual
2001  -  2018
Lending rate is the bank rate that usually meets the short- and medium-term financing needs of the private sector. This rate is normally differentiated according to creditworthiness of borrowers and objectives of financing. The terms and conditions attached to these rates differ by country, however, limiting their comparability.
percent
1.93
2017
annual
2001  -  2017
Real interest rate is the lending interest rate adjusted for inflation as measured by the GDP deflator. The terms and conditions attached to lending rates differ by country, however, limiting their comparability.
points
5.00
2018
annual
2013  -  2018
Depth of credit information index measures rules affecting the scope, accessibility, and quality of credit information available through public or private credit registries. The index ranges from 0 to 8, with higher values indicating the availability of more credit information, from either a public registry or a private bureau, to facilitate lending decisions.
points
1.00
2018
annual
2013  -  2018
Strength of legal rights index measures the degree to which collateral and bankruptcy laws protect the rights of borrowers and lenders and thus facilitate lending. The index ranges from 0 to 12, with higher scores indicating that these laws are better designed to expand access to credit.
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Innovation measures
Measure
Frequency
Latest value
Reference
Time coverage
patent applications
4
2016
annual
2013  -  2016
Patent applications are worldwide patent applications filed through the Patent Cooperation Treaty procedure or with a national patent office for exclusive rights for an invention--a product or process that provides a new way of doing something or offers a new technical solution to a problem. A patent provides protection for the invention to the owner of the patent for a limited period, generally 20 years.
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Health spending and outcomes
Measure
Frequency
Latest value
Reference
Time coverage
USD
3012.79
2016
annual
2000  -  2016
Current expenditures on health per capita in current US dollars. Estimates of current health expenditures include healthcare goods and services consumed during each year.
percent
6.40
2016
annual
2000  -  2016
Level of current health expenditure expressed as a percentage of GDP. Estimates of current health expenditures include healthcare goods and services consumed during each year. This indicator does not include capital health expenditures such as buildings, machinery, IT and stocks of vaccines for emergency or outbreaks.
years
85.42
2012
annual
2012  -  2012
Life expectancy at birth indicates the number of years a newborn infant would live if prevailing patterns of mortality at the time of its birth were to stay the same throughout its life.
births per 1000 people
7.90
2016
annual
2004  -  2016
Crude birth rate indicates the number of live births occurring during the year, per 1,000 population estimated at midyear. Subtracting the crude death rate from the crude birth rate provides the rate of natural increase, which is equal to the rate of population change in the absence of migration.
deaths per 1000 people
7.60
2016
annual
2004  -  2016
Crude death rate indicates the number of deaths occurring during the year, per 1,000 population estimated at midyear. Subtracting the crude death rate from the crude birth rate provides the rate of natural increase, which is equal to the rate of population change in the absence of migration.
births per woman
1.26
2012
annual
2012  -  2012
Total fertility rate represents the number of children that would be born to a woman if she were to live to the end of her childbearing years and bear children in accordance with age-specific fertility rates of the specified year.
cases per 100,000 people
0.00
2017
annual
2000  -  2017
Incidence of tuberculosis is the estimated number of new and relapse tuberculosis cases arising in a given year, expressed as the rate per 100,000 population. All forms of TB are included, including cases in people living with HIV. Estimates for all years are recalculated as new information becomes available and techniques are refined, so they may differ from those published previously.
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Education spending and outcomes
Measure
Frequency
Latest value
Reference
Time coverage
percent
3.04
2017
annual
1975  -  2017
General government expenditure on education (current, capital, and transfers) is expressed as a percentage of GDP. It includes expenditure funded by transfers from international sources to government. General government usually refers to local, regional and central governments.
percent
13.10
2017
annual
2010  -  2017
General government expenditure on education (current, capital, and transfers) is expressed as a percentage of total general government expenditure on all sectors (including health, education, social services, etc.). It includes expenditure funded by transfers from international sources to government. General government usually refers to local, regional and central governments.
percent
99.92
2018
annual
2018  -  2018
Adult literacy rate is the percentage of people ages 15 and above who can both read and write with understanding a short simple statement about their everyday life.
percent
100.00
2018
annual
2018  -  2018
Youth literacy rate is the percentage of people ages 15-24 who can both read and write with understanding a short simple statement about their everyday life.
percent
100.00
2018
annual
2018  -  2018
Youth literacy rate is the percentage of people ages 15-24 who can both read and write with understanding a short simple statement about their everyday life.
percent
100.00
2018
annual
2018  -  2018
Youth literacy rate is the percentage of people ages 15-24 who can both read and write with understanding a short simple statement about their everyday life.
students per teacher
6.93
2018
annual
1971  -  2018
Primary school pupil-teacher ratio is the average number of pupils per teacher in primary school.
percent
107.42
2018
annual
1971  -  2018
Primary completion rate, or gross intake ratio to the last grade of primary education, is the number of new entrants (enrollments minus repeaters) in the last grade of primary education, regardless of age, divided by the population at the entrance age for the last grade of primary education. Data limitations preclude adjusting for students who drop out during the final year of primary education.
years
6
2019
annual
1970  -  2019
Primary school starting age is the age at which students would enter primary education, assuming they had started at the official entrance age for the lowest level of education, had studied full-time throughout and had progressed through the system without repeating or skipping a grade.
percent
1.16
2018
annual
1971  -  2018
Gender parity index for gross enrollment ratio in primary education is the ratio of girls to boys enrolled at primary level in public and private schools.
percent
1.03
2012
annual
2009  -  2012
Gender parity index for gross enrollment ratio in secondary education is the ratio of girls to boys enrolled at secondary level in public and private schools.
percent
1.38
2012
annual
2010  -  2012
Gender parity index for gross enrollment ratio in tertiary education is the ratio of women to men enrolled at tertiary level in public and private schools.
percent
96.39
2018
annual
1971  -  2018
Gross enrollment ratio is the ratio of total enrollment, regardless of age, to the population of the age group that officially corresponds to the level of education shown. Preprimary education refers to programs at the initial stage of organized instruction, designed primarily to introduce very young children to a school-type environment and to provide a bridge between home and school.
percent
108.08
2018
annual
1971  -  2018
Gross enrollment ratio is the ratio of total enrollment, regardless of age, to the population of the age group that officially corresponds to the level of education shown. Primary education provides children with basic reading, writing, and mathematics skills along with an elementary understanding of such subjects as history, geography, natural science, social science, art, and music.
percent
67.86
2018
annual
1971  -  2018
Gross enrollment ratio is the ratio of total enrollment, regardless of age, to the population of the age group that officially corresponds to the level of education shown. Secondary education completes the provision of basic education that began at the primary level, and aims at laying the foundations for lifelong learning and human development, by offering more subject- or skill-oriented instruction using more specialized teachers.
percent
42.47
2018
annual
2000  -  2018
Gross enrollment ratio is the ratio of total enrollment, regardless of age, to the population of the age group that officially corresponds to the level of education shown. Tertiary education, whether or not to an advanced research qualification, normally requires, as a minimum condition of admission, the successful completion of education at the secondary level.
percent
90.20
2018
annual
2018  -  2018
Trained teachers in primary education are the percentage of primary school teachers who have received the minimum organized teacher training (pre-service or in-service) required for teaching in a given country.
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Globalization indexes
Measure
Frequency
Latest value
Reference
Time coverage
points
57.21
2017
annual
1970  -  2017
The overall index of globalization covers the economic, social, and political dimensions of globalization. Higher values denote greater globalization.
points
33.67
2017
annual
1970  -  2017
The degree of political globalization is determined by the number of embassies and high commissions in a country, the number of international organizations to which the country is a member, the number of UN peace missions a country participated in, and the number of treaties signed between two or more states.
points
86.85
2017
annual
1970  -  2017
Social globalization has three dimensions: personal contacts, information flows, and cultural proximity. The sub-index on personal contacts includes international telecom traffic, degree of tourism, transfers, foreign population, and number of international letters. The sub-index on information flows includes number of internet users, share of households with a television set, and trade in newspapers. The sub-index on cultural proximity includes trade in books and number of McDonald’s restaurants and Ikea located in a country.
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Shares of world totals
Measure
Frequency
Latest value
Reference
Time coverage
percent
0.00
2017
annual
1960  -  2017
The population share of a particular country is measured as its population as percent of the total world population in a given year. Total population is based on the de facto definition of population, which counts all residents regardless of legal status or citizenship--except for refugees not permanently settled in the country of asylum, who are generally considered part of the population of their country of origin. The values shown are midyear estimates.
percent
0.00
2017
annual
1999  -  2017
We calculated the world GDP as the sum of the GDP of all countries expressed in current USD. The share of GDP is the GDP of a particular country as percent of the world GDP. GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current U.S. dollars. Dollar figures for GDP are converted from domestic currencies using single year official exchange rates. For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used.
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Crime statistics
Measure
Frequency
Latest value
Reference
Time coverage
prisoners per 100,000 people
9
2017
annual
2005  -  2017
Number of prisoners per 100,000 people.
homicides per 100,000 people
0.0
2011
annual
1995  -  2011
Number of homicides per 100,000 people per year.
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Other indicators
Measure
Frequency
Latest value
Reference
Time coverage
million
0.03
2018
annual
1960  -  2018
Total population is based on the de facto definition of population, which counts all residents regardless of legal status or citizenship. The values shown are midyear estimates.
percent
97.23
2018
annual
1960  -  2018
Urban population refers to people living in urban areas as defined by national statistical offices. The data are collected and smoothed by United Nations Population Division.
sq. km
60
2018
annual
1961  -  2018
Land area is a country's total area, excluding area under inland water bodies, national claims to continental shelf, and exclusive economic zones. In most cases the definition of inland water bodies includes major rivers and lakes.
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