Financial development - Country rankings
* indicates monthly or quarterly data series
Financial development, 2021:
The average for 2021 based on 178 countries was 0.331 index points. The highest value was in Switzerland: 0.939 index points and the lowest value was in the Central African Republic: 0.042 index points. The indicator is available from 1980 to 2021. Below is a chart for all countries where data are available.Measure: index points; Source: International Monetary Fund
Select indicator
* indicates monthly or quarterly data series
Countries | Financial development, 2021 | Global rank | Available data |
---|---|---|---|
Switzerland | 0.939 | 1 | 1980 - 2021 |
USA | 0.917 | 2 | 1980 - 2021 |
Australia | 0.909 | 3 | 1980 - 2021 |
Japan | 0.888 | 4 | 1980 - 2021 |
Canada | 0.874 | 5 | 1980 - 2021 |
UK | 0.836 | 6 | 1980 - 2021 |
South Korea | 0.818 | 7 | 1980 - 2021 |
France | 0.815 | 8 | 1980 - 2021 |
Spain | 0.803 | 9 | 1980 - 2021 |
Sweden | 0.775 | 10 | 1980 - 2021 |
Italy | 0.767 | 11 | 1980 - 2021 |
Hong Kong | 0.76 | 12 | 1980 - 2021 |
Thailand | 0.731 | 13 | 1980 - 2021 |
Malaysia | 0.727 | 14 | 1980 - 2021 |
Netherlands | 0.709 | 15 | 1980 - 2021 |
Luxembourg | 0.708 | 16 | 1980 - 2021 |
Singapore | 0.704 | 17 | 1980 - 2021 |
Germany | 0.702 | 18 | 1980 - 2021 |
Denmark | 0.665 | 19 | 1980 - 2021 |
Brazil | 0.662 | 20 | 1980 - 2021 |
Austria | 0.658 | 21 | 1980 - 2021 |
Portugal | 0.654 | 22 | 1980 - 2021 |
Finland | 0.646 | 23 | 1980 - 2021 |
Norway | 0.636 | 24 | 1980 - 2021 |
China | 0.634 | 25 | 1982 - 2021 |
Belgium | 0.632 | 26 | 1980 - 2021 |
Ireland | 0.625 | 27 | 1980 - 2021 |
New Zealand | 0.617 | 28 | 1980 - 2021 |
Israel | 0.605 | 29 | 1980 - 2021 |
South Africa | 0.546 | 30 | 1980 - 2021 |
India | 0.534 | 31 | 1980 - 2021 |
Qatar | 0.53 | 32 | 1980 - 2021 |
Russia | 0.53 | 33 | 1984 - 2021 |
Iran | 0.522 | 34 | 1980 - 2021 |
Malta | 0.518 | 35 | 1980 - 2021 |
Cyprus | 0.508 | 36 | 1980 - 2021 |
Chile | 0.504 | 37 | 1980 - 2021 |
Turkey | 0.5 | 38 | 1985 - 2021 |
Iceland | 0.496 | 39 | 1980 - 2021 |
Bahamas | 0.495 | 40 | 1980 - 2021 |
Mauritius | 0.493 | 41 | 1980 - 2021 |
UA Emirates | 0.486 | 42 | 1980 - 2021 |
Macao | 0.485 | 43 | 1984 - 2021 |
Greece | 0.474 | 44 | 1982 - 2021 |
Croatia | 0.468 | 45 | 1992 - 2021 |
Panama | 0.465 | 46 | 1980 - 2021 |
Bahrain | 0.464 | 47 | 1980 - 2021 |
Hungary | 0.464 | 48 | 1982 - 2021 |
Saudi Arabia | 0.442 | 49 | 1980 - 2021 |
Poland | 0.431 | 50 | 1980 - 2021 |
Mexico | 0.402 | 51 | 1980 - 2021 |
Namibia | 0.402 | 52 | 1990 - 2021 |
Kuwait | 0.4 | 53 | 1980 - 2021 |
Barbados | 0.399 | 54 | 1980 - 2021 |
Bolivia | 0.392 | 55 | 1980 - 2021 |
Colombia | 0.388 | 56 | 1980 - 2021 |
Oman | 0.384 | 57 | 1980 - 2021 |
Tr.&Tobago | 0.383 | 58 | 1980 - 2021 |
Vietnam | 0.382 | 59 | 1992 - 2021 |
Bulgaria | 0.379 | 60 | 1988 - 2021 |
Philippines | 0.379 | 61 | 1980 - 2021 |
Peru | 0.374 | 62 | 1980 - 2021 |
Indonesia | 0.364 | 63 | 1980 - 2021 |
Jordan | 0.359 | 64 | 1980 - 2021 |
Jamaica | 0.356 | 65 | 1980 - 2021 |
Kazakhstan | 0.354 | 66 | 1993 - 2021 |
Seychelles | 0.354 | 67 | 1980 - 2021 |
Morocco | 0.351 | 68 | 1980 - 2021 |
Botswana | 0.345 | 69 | 1980 - 2021 |
Saint Lucia | 0.335 | 70 | 1980 - 2021 |
Georgia | 0.333 | 71 | 1994 - 2021 |
Brunei | 0.325 | 72 | 1986 - 2021 |
Slovenia | 0.324 | 73 | 1980 - 2021 |
Czechia | 0.317 | 74 | 1990 - 2021 |
Egypt | 0.309 | 75 | 1980 - 2021 |
Grenada | 0.309 | 76 | 1980 - 2021 |
Mongolia | 0.308 | 77 | 1991 - 2021 |
Argentina | 0.306 | 78 | 1980 - 2021 |
Uruguay | 0.304 | 79 | 1980 - 2021 |
Lebanon | 0.302 | 80 | 1980 - 2021 |
Cape Verde | 0.292 | 81 | 1980 - 2021 |
Aruba | 0.29 | 82 | 1986 - 2021 |
Costa Rica | 0.288 | 83 | 1980 - 2021 |
Uzbekistan | 0.286 | 84 | 1993 - 2021 |
Ant.& Barb. | 0.28 | 85 | 1980 - 2021 |
Slovakia | 0.28 | 86 | 1991 - 2021 |
Romania | 0.275 | 87 | 1980 - 2021 |
Bosnia & Herz. | 0.266 | 88 | 1995 - 2021 |
Armenia | 0.262 | 89 | 1993 - 2021 |
Sri Lanka | 0.261 | 90 | 1980 - 2021 |
North Macedonia | 0.26 | 91 | 1992 - 2021 |
Serbia | 0.256 | 92 | 1994 - 2021 |
Azerbaijan | 0.253 | 93 | 1992 - 2021 |
Estonia | 0.252 | 94 | 1992 - 2021 |
Bangladesh | 0.243 | 95 | 1980 - 2021 |
Venezuela | 0.239 | 96 | 1980 - 2021 |
Tonga | 0.235 | 97 | 1980 - 2021 |
Tunisia | 0.235 | 98 | 1980 - 2021 |
Moldova | 0.229 | 99 | 1992 - 2021 |
Samoa | 0.228 | 100 | 1980 - 2021 |
Bhutan | 0.227 | 101 | 1982 - 2021 |
Nigeria | 0.221 | 102 | 1980 - 2021 |
Pakistan | 0.22 | 103 | 1980 - 2021 |
Fiji | 0.218 | 104 | 1980 - 2021 |
Belize | 0.217 | 105 | 1980 - 2021 |
Guatemala | 0.216 | 106 | 1980 - 2021 |
El Salvador | 0.214 | 107 | 1980 - 2021 |
Nepal | 0.213 | 108 | 1980 - 2021 |
Latvia | 0.212 | 109 | 1993 - 2021 |
Maldives | 0.211 | 110 | 1980 - 2021 |
Cambodia | 0.21 | 111 | 1993 - 2021 |
Honduras | 0.21 | 112 | 1980 - 2021 |
Ukraine | 0.207 | 113 | 1992 - 2021 |
Albania | 0.203 | 114 | 1992 - 2021 |
St. Vincent & ... | 0.203 | 115 | 1980 - 2021 |
Zambia | 0.199 | 116 | 1980 - 2021 |
Dominica | 0.198 | 117 | 1980 - 2021 |
Lithuania | 0.197 | 118 | 1993 - 2021 |
Vanuatu | 0.197 | 119 | 1980 - 2021 |
Paraguay | 0.193 | 120 | 1980 - 2021 |
Domin. Rep. | 0.184 | 121 | 1980 - 2021 |
Papua N.G. | 0.184 | 122 | 1980 - 2021 |
Swaziland | 0.184 | 123 | 1980 - 2021 |
Suriname | 0.183 | 124 | 1980 - 2021 |
Ghana | 0.178 | 125 | 1980 - 2021 |
Togo | 0.178 | 126 | 1980 - 2021 |
Ecuador | 0.17 | 127 | 1980 - 2021 |
Laos | 0.17 | 128 | 1989 - 2021 |
Burundi | 0.169 | 129 | 1980 - 2021 |
Belarus | 0.165 | 130 | 1993 - 2021 |
Kenya | 0.165 | 131 | 1980 - 2021 |
Rwanda | 0.159 | 132 | 1980 - 2021 |
Mozambique | 0.155 | 133 | 1990 - 2021 |
Guyana | 0.147 | 134 | 1980 - 2021 |
Lesotho | 0.147 | 135 | 1980 - 2021 |
Algeria | 0.141 | 136 | 1980 - 2021 |
Angola | 0.139 | 137 | 1993 - 2021 |
Djibouti | 0.139 | 138 | 1987 - 2021 |
Nicaragua | 0.137 | 139 | 1980 - 2021 |
Kyrgyzstan | 0.136 | 140 | 1995 - 2021 |
Mauritania | 0.133 | 141 | 1980 - 2021 |
Ivory Coast | 0.128 | 142 | 1982 - 2021 |
Libya | 0.128 | 143 | 1980 - 2021 |
Burma | 0.126 | 144 | 1980 - 2021 |
Burkina Faso | 0.125 | 145 | 1980 - 2021 |
Mali | 0.123 | 146 | 1980 - 2021 |
Gabon | 0.122 | 147 | 1980 - 2021 |
S.T.&Principe | 0.122 | 148 | 1993 - 2021 |
Syria | 0.122 | 149 | 1980 - 2021 |
Senegal | 0.119 | 150 | 1980 - 2021 |
Ethiopia | 0.116 | 151 | 1980 - 2021 |
Liberia | 0.114 | 152 | 1981 - 2021 |
Yemen | 0.113 | 153 | 1988 - 2021 |
Niger | 0.112 | 154 | 1980 - 2021 |
Benin | 0.11 | 155 | 1980 - 2021 |
Sudan | 0.108 | 156 | 1980 - 2021 |
Gambia | 0.107 | 157 | 1980 - 2021 |
Guinea | 0.107 | 158 | 1989 - 2021 |
Madagascar | 0.106 | 159 | 1980 - 2021 |
Tajikistan | 0.106 | 160 | 1998 - 2021 |
Turkmenistan | 0.105 | 161 | 1998 - 2021 |
Uganda | 0.104 | 162 | 1980 - 2021 |
Tanzania | 0.103 | 163 | 1980 - 2021 |
Cameroon | 0.101 | 164 | 1980 - 2021 |
Solomon Isl. | 0.1 | 165 | 1980 - 2021 |
Kiribati | 0.099 | 166 | 1997 - 2021 |
Haiti | 0.098 | 167 | 1980 - 2021 |
G.-Bissau | 0.095 | 168 | 1990 - 2021 |
Malawi | 0.095 | 169 | 1980 - 2021 |
R. of Congo | 0.093 | 170 | 1980 - 2021 |
Eritrea | 0.089 | 171 | 1995 - 2021 |
Eq. Guinea | 0.084 | 172 | 1985 - 2021 |
Chad | 0.07 | 173 | 1980 - 2021 |
Sierra Leone | 0.07 | 174 | 1980 - 2021 |
DR Congo | 0.066 | 175 | 1993 - 2021 |
Comoros | 0.057 | 176 | 1982 - 2021 |
Micronesia | 0.057 | 177 | 1995 - 2021 |
C.A. Republic | 0.042 | 178 | 1980 - 2021 |
Definition: An index for overall financial development based on the two subindexes for financial institutions development and financial markets development. See the indicator menu and Svirydzenka, Katsiaryna (IMF, 2016) for more detail.
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Financial development in Europe Financial development in Asia Financial development in Africa Financial development in North America Financial development in South America Financial development in Australia/Oceania Financial development in the European union Financial development in Sub Sahara Africa Financial development in MENA Financial development in South East Asia Financial development in Latin America