Financial institutions development - Country rankings

* indicates monthly or quarterly data series

Financial institutions development, 2021:

The average for 2021 based on 178 countries was 0.436 index points. The highest value was in Canada: 0.959 index points and the lowest value was in the Central African Republic: 0.081 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 institutions development, 2021 Global rank Available data
Canada 0.959 1 1980 - 2021
Switzerland 0.92 2 1980 - 2021
Australia 0.913 3 1980 - 2021
USA 0.898 4 1980 - 2021
Japan 0.885 5 1980 - 2021
Macao 0.857 6 1984 - 2021
South Korea 0.852 7 1980 - 2021
France 0.847 8 1980 - 2021
Luxembourg 0.823 9 1980 - 2021
Hong Kong 0.793 10 1980 - 2021
UK 0.786 11 1980 - 2021
Spain 0.776 12 1980 - 2021
Israel 0.764 13 1980 - 2021
Singapore 0.761 14 1980 - 2021
Bolivia 0.758 15 1980 - 2021
Belgium 0.753 16 1980 - 2021
Austria 0.74 17 1980 - 2021
New Zealand 0.739 18 1980 - 2021
Sweden 0.739 19 1980 - 2021
Denmark 0.737 20 1980 - 2021
Portugal 0.729 21 1980 - 2021
Namibia 0.723 22 1990 - 2021
Italy 0.722 23 1980 - 2021
Thailand 0.71 24 1980 - 2021
Iceland 0.701 25 1980 - 2021
Malaysia 0.698 26 1980 - 2021
Croatia 0.681 27 1992 - 2021
Bulgaria 0.673 28 1988 - 2021
Bahamas 0.648 29 1980 - 2021
Brazil 0.643 30 1980 - 2021
Malta 0.642 31 1980 - 2021
Tr.&Tobago 0.635 32 1980 - 2021
Netherlands 0.631 33 1980 - 2021
Seychelles 0.622 34 1980 - 2021
Germany 0.621 35 1980 - 2021
Georgia 0.619 36 1994 - 2021
Finland 0.613 37 1980 - 2021
China 0.608 38 1982 - 2021
Iran 0.6 39 1980 - 2021
Russia 0.6 40 1990 - 2021
Chile 0.594 41 1980 - 2021
Ireland 0.587 42 1980 - 2021
South Africa 0.578 43 1980 - 2021
Barbados 0.573 44 1980 - 2021
Cape Verde 0.571 45 1980 - 2021
Uruguay 0.564 46 1980 - 2021
Aruba 0.563 47 1986 - 2021
Cyprus 0.558 48 1980 - 2021
Jamaica 0.554 49 1980 - 2021
Norway 0.551 50 1980 - 2021
Ant.& Barb. 0.549 51 1980 - 2021
Slovenia 0.544 52 1992 - 2021
Costa Rica 0.536 53 1980 - 2021
Hungary 0.527 54 1982 - 2021
Slovakia 0.525 55 1991 - 2021
Bosnia & Herz. 0.519 56 1995 - 2021
Czechia 0.519 57 1990 - 2021
Panama 0.515 58 1980 - 2021
Peru 0.514 59 1980 - 2021
Kuwait 0.513 60 1980 - 2021
Mauritius 0.512 61 1980 - 2021
Uzbekistan 0.511 62 1993 - 2021
Grenada 0.51 63 1980 - 2021
North Macedonia 0.506 64 1992 - 2021
Mongolia 0.494 65 1991 - 2021
Armenia 0.491 66 1993 - 2021
Poland 0.483 67 1980 - 2021
Saint Lucia 0.476 68 1980 - 2021
Qatar 0.472 69 1980 - 2021
Romania 0.469 70 1980 - 2021
Mexico 0.465 71 1980 - 2021
India 0.464 72 1980 - 2021
Jordan 0.464 73 1980 - 2021
Brunei 0.463 74 1994 - 2021
Tonga 0.461 75 1980 - 2021
Colombia 0.458 76 1980 - 2021
Kazakhstan 0.457 77 1993 - 2021
Lebanon 0.45 78 1980 - 2021
Botswana 0.449 79 1980 - 2021
Samoa 0.448 80 1980 - 2021
Moldova 0.447 81 1992 - 2021
Serbia 0.447 82 1994 - 2021
Estonia 0.444 83 1992 - 2021
Morocco 0.433 84 1980 - 2021
Greece 0.43 85 1982 - 2021
Bhutan 0.428 86 1982 - 2021
Fiji 0.426 87 1980 - 2021
Belize 0.419 88 1980 - 2021
Nepal 0.417 89 1980 - 2021
Turkey 0.417 90 1985 - 2021
Vietnam 0.413 91 1992 - 2021
Cambodia 0.41 92 1993 - 2021
Indonesia 0.41 93 1980 - 2021
Maldives 0.41 94 1980 - 2021
Oman 0.41 95 1980 - 2021
Guatemala 0.409 96 1980 - 2021
Tunisia 0.405 97 1980 - 2021
St. Vincent & ... 0.397 98 1980 - 2021
Albania 0.391 99 1992 - 2021
El Salvador 0.39 100 1980 - 2021
Dominica 0.388 101 1980 - 2021
Vanuatu 0.385 102 1980 - 2021
Latvia 0.382 103 1993 - 2021
Philippines 0.38 104 1980 - 2021
Argentina 0.379 105 1980 - 2021
Ukraine 0.37 106 1992 - 2021
UA Emirates 0.368 107 1980 - 2021
Lithuania 0.358 108 1993 - 2021
Suriname 0.35 109 1980 - 2021
Saudi Arabia 0.349 110 1980 - 2021
Swaziland 0.348 111 1980 - 2021
Bahrain 0.346 112 1980 - 2021
Domin. Rep. 0.344 113 1980 - 2021
Honduras 0.342 114 1980 - 2021
Sri Lanka 0.342 115 1980 - 2021
Paraguay 0.322 116 1980 - 2021
Egypt 0.318 117 1980 - 2021
Belarus 0.308 118 1993 - 2021
Ecuador 0.308 119 1980 - 2021
Pakistan 0.291 120 1980 - 2021
Azerbaijan 0.288 121 1992 - 2021
Bangladesh 0.287 122 1980 - 2021
Lesotho 0.286 123 1980 - 2021
Kenya 0.285 124 1980 - 2021
Guyana 0.283 125 1980 - 2021
Rwanda 0.28 126 1980 - 2021
Algeria 0.275 127 1980 - 2021
Djibouti 0.273 128 1987 - 2021
Venezuela 0.271 129 1980 - 2021
Nicaragua 0.268 130 1980 - 2021
Papua N.G. 0.261 131 1980 - 2021
Kyrgyzstan 0.259 132 1995 - 2021
Mauritania 0.256 133 1980 - 2021
Libya 0.251 134 1980 - 2021
Angola 0.249 135 1995 - 2021
Togo 0.249 136 1980 - 2021
Ghana 0.246 137 1980 - 2021
Laos 0.246 138 1989 - 2021
Burma 0.245 139 1980 - 2021
Burkina Faso 0.244 140 1980 - 2021
S.T.&Principe 0.239 141 1993 - 2021
Syria 0.239 142 1980 - 2021
Mali 0.238 143 1980 - 2021
Burundi 0.237 144 1980 - 2021
Nigeria 0.236 145 1980 - 2021
Gabon 0.228 146 1980 - 2021
Senegal 0.222 147 1980 - 2021
Ethiopia 0.217 148 1980 - 2021
Sudan 0.211 149 1980 - 2021
Gambia 0.21 150 1980 - 2021
Niger 0.21 151 1980 - 2021
Mozambique 0.208 152 1990 - 2021
Benin 0.207 153 1980 - 2021
Tajikistan 0.206 154 1998 - 2021
Madagascar 0.205 155 1980 - 2021
Zambia 0.205 156 1980 - 2021
Ivory Coast 0.204 157 1982 - 2021
Uganda 0.201 158 1980 - 2021
Guinea 0.197 159 1989 - 2021
Cameroon 0.196 160 1980 - 2021
Kiribati 0.195 161 1997 - 2021
Solomon Isl. 0.195 162 1980 - 2021
Haiti 0.192 163 1980 - 2021
Tanzania 0.189 164 1980 - 2021
Turkmenistan 0.188 165 1998 - 2021
G.-Bissau 0.187 166 1990 - 2021
Malawi 0.186 167 1980 - 2021
Yemen 0.181 168 1988 - 2021
Eritrea 0.174 169 1995 - 2021
R. of Congo 0.165 170 1980 - 2021
Eq. Guinea 0.164 171 1985 - 2021
Liberia 0.133 172 1981 - 2021
Sierra Leone 0.133 173 1980 - 2021
DR Congo 0.13 174 1993 - 2021
Micronesia 0.112 175 1995 - 2021
Comoros 0.111 176 1982 - 2021
Chad 0.108 177 1980 - 2021
C.A. Republic 0.081 178 1980 - 2021



Definition: An index for overall financial institutions development based on the three subindexes for depth, access, and efficiency from the indictors menu. See Svirydzenka, Katsiaryna (IMF, 2016) for more detail.

Selected articles from our guide:

The unholy trinity of international finance

Most commonly used measures of corruption

All articles

1. Canada
2. Switzerland
3. Australia
4. USA
5. Japan
6. Macao
7. South Korea
8. France
9. Luxembourg
10. Hong Kong
11. UK
12. Spain
13. Israel
14. Singapore
15. Bolivia
16. Belgium
17. Austria
18. New Zealand
19. Sweden
20. Denmark
21. Portugal
22. Namibia
23. Italy
24. Thailand
25. Iceland
26. Malaysia
27. Croatia
28. Bulgaria
29. Bahamas
30. Brazil
31. Malta
32. Tr.&Tobago
33. Netherlands
34. Seychelles
35. Germany
36. Georgia
37. Finland
38. China
39. Iran
40. Russia
41. Chile
42. Ireland
43. South Africa
44. Barbados
45. Cape Verde
46. Uruguay
47. Aruba
48. Cyprus
49. Jamaica
50. Norway
51. Ant.& Barb.
52. Slovenia
53. Costa Rica
54. Hungary
55. Slovakia
56. Bosnia & Herz.
57. Czechia
58. Panama
59. Peru
60. Kuwait
61. Mauritius
62. Uzbekistan
63. Grenada
64. North Macedonia
65. Mongolia
66. Armenia
67. Poland
68. Saint Lucia
69. Qatar
70. Romania
71. Mexico
72. India
73. Jordan
74. Brunei
75. Tonga
76. Colombia
77. Kazakhstan
78. Lebanon
79. Botswana
80. Samoa
81. Moldova
82. Serbia
83. Estonia
84. Morocco
85. Greece
86. Bhutan
87. Fiji
88. Belize
89. Nepal
90. Turkey
91. Vietnam
92. Cambodia
93. Indonesia
94. Maldives
95. Oman
96. Guatemala
97. Tunisia
98. St. Vincent & ...
99. Albania
100. El Salvador
101. Dominica
102. Vanuatu
103. Latvia
104. Philippines
105. Argentina
106. Ukraine
107. UA Emirates
108. Lithuania
109. Suriname
110. Saudi Arabia
111. Swaziland
112. Bahrain
113. Domin. Rep.
114. Honduras
115. Sri Lanka
116. Paraguay
117. Egypt
118. Belarus
119. Ecuador
120. Pakistan
121. Azerbaijan
122. Bangladesh
123. Lesotho
124. Kenya
125. Guyana
126. Rwanda
127. Algeria
128. Djibouti
129. Venezuela
130. Nicaragua
131. Papua N.G.
132. Kyrgyzstan
133. Mauritania
134. Libya
135. Angola
136. Togo
137. Ghana
138. Laos
139. Burma
140. Burkina Faso
141. S.T.&Principe
142. Syria
143. Mali
144. Burundi
145. Nigeria
146. Gabon
147. Senegal
148. Ethiopia
149. Sudan
150. Gambia
151. Niger
152. Mozambique
153. Benin
154. Tajikistan
155. Madagascar
156. Zambia
157. Ivory Coast
158. Uganda
159. Guinea
160. Cameroon
161. Kiribati
162. Solomon Isl.
163. Haiti
164. Tanzania
165. Turkmenistan
166. G.-Bissau
167. Malawi
168. Yemen
169. Eritrea
170. R. of Congo
171. Eq. Guinea
172. Liberia
173. Sierra Leone
174. DR Congo
175. Micronesia
176. Comoros
177. Chad
178. C.A. Republic
0.959
0.920
0.913
0.898
0.885
0.857
0.852
0.847
0.823
0.793
0.786
0.776
0.764
0.761
0.758
0.753
0.740
0.739
0.739
0.737
0.729
0.723
0.722
0.710
0.701
0.698
0.681
0.673
0.648
0.643
0.642
0.635
0.631
0.622
0.621
0.619
0.613
0.608
0.600
0.600
0.594
0.587
0.578
0.573
0.571
0.564
0.563
0.558
0.554
0.551
0.549
0.544
0.536
0.527
0.525
0.519
0.519
0.515
0.514
0.513
0.512
0.511
0.510
0.506
0.494
0.491
0.483
0.476
0.472
0.469
0.465
0.464
0.464
0.463
0.461
0.458
0.457
0.450
0.449
0.448
0.447
0.447
0.444
0.433
0.430
0.428
0.426
0.419
0.417
0.417
0.413
0.410
0.410
0.410
0.410
0.409
0.405
0.397
0.391
0.390
0.388
0.385
0.382
0.380
0.379
0.370
0.368
0.358
0.350
0.349
0.348
0.346
0.344
0.342
0.342
0.322
0.318
0.308
0.308
0.291
0.288
0.287
0.286
0.285
0.283
0.280
0.275
0.273
0.271
0.268
0.261
0.259
0.256
0.251
0.249
0.249
0.246
0.246
0.245
0.244
0.239
0.239
0.238
0.237
0.236
0.228
0.222
0.217
0.211
0.210
0.210
0.208
0.207
0.206
0.205
0.205
0.204
0.201
0.197
0.196
0.195
0.195
0.192
0.189
0.188
0.187
0.186
0.181
0.174
0.165
0.164
0.133
0.133
0.130
0.112
0.111
0.108
0.081
0
0.2
0.5
0.7
0.96


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