Financial markets development - Country rankings

* indicates monthly or quarterly data series

Financial markets development, 2021:

The average for 2021 based on 42 countries was 0.073 index points. The highest value was in South Africa: 0.492 index points and the lowest value was in Democratic Republic of the Congo: 0 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 markets development, 2021 Global rank Available data
South Africa 0.492 1 1980 - 2021
Mauritius 0.455 2 1980 - 2021
Egypt 0.287 3 1980 - 2021
Morocco 0.256 4 1980 - 2021
Botswana 0.227 5 1980 - 2021
Nigeria 0.197 6 1980 - 2021
Zambia 0.185 7 1980 - 2021
Ghana 0.104 8 1980 - 2021
Togo 0.099 9 1980 - 2021
Mozambique 0.096 10 1990 - 2021
Burundi 0.094 11 1980 - 2021
Liberia 0.091 12 1981 - 2021
Seychelles 0.072 13 1980 - 2021
Namibia 0.066 14 1990 - 2021
Tunisia 0.056 15 1980 - 2021
Ivory Coast 0.047 16 1982 - 2021
Kenya 0.038 17 1980 - 2021
Rwanda 0.033 18 1980 - 2021
Chad 0.029 19 1980 - 2021
Angola 0.024 20 1993 - 2021
R. of Congo 0.018 21 1980 - 2021
Guinea 0.013 22 1989 - 2021
Tanzania 0.013 23 1980 - 2021
Senegal 0.012 24 1980 - 2021
Swaziland 0.012 25 1980 - 2021
Gabon 0.011 26 1980 - 2021
Benin 0.01 27 1980 - 2021
Niger 0.01 28 1980 - 2021
Ethiopia 0.009 29 1980 - 2021
Mauritania 0.006 30 1980 - 2021
Sierra Leone 0.005 31 1980 - 2021
Cameroon 0.003 32 1980 - 2021
Madagascar 0.003 33 1980 - 2021
Mali 0.003 34 1980 - 2021
Uganda 0.003 35 1980 - 2021
Algeria 0.002 36 1980 - 2021
Cape Verde 0.002 37 1980 - 2021
Burkina Faso 0.001 38 1980 - 2021
Lesotho 0.001 39 1980 - 2021
Malawi 0.001 40 1980 - 2021
DR Congo 0 41 1993 - 2021
Sudan 0 42 1980 - 2021



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

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All articles

1. South Africa
2. Mauritius
3. Egypt
4. Morocco
5. Botswana
6. Nigeria
7. Zambia
8. Ghana
9. Togo
10. Mozambique
11. Burundi
12. Liberia
13. Seychelles
14. Namibia
15. Tunisia
16. Ivory Coast
17. Kenya
18. Rwanda
19. Chad
20. Angola
21. R. of Congo
22. Guinea
23. Tanzania
24. Senegal
25. Swaziland
26. Gabon
27. Benin
28. Niger
29. Ethiopia
30. Mauritania
31. Sierra Leone
32. Cameroon
33. Madagascar
34. Mali
35. Uganda
36. Algeria
37. Cape Verde
38. Burkina Faso
39. Lesotho
40. Malawi
41. DR Congo
42. Sudan
0.492
0.455
0.287
0.256
0.227
0.197
0.185
0.104
0.099
0.096
0.094
0.091
0.072
0.066
0.056
0.047
0.038
0.033
0.029
0.024
0.018
0.013
0.013
0.012
0.012
0.011
0.010
0.010
0.009
0.006
0.005
0.003
0.003
0.003
0.003
0.002
0.002
0.001
0.001
0.001
0.000
0.000
0
0.1
0.2
0.4
0.49


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