Financial markets development - Country rankings

* indicates monthly or quarterly data series

Financial markets development, 2021:

The average for 2021 based on 42 countries was 0.292 index points. The highest value was in Japan: 0.856 index points and the lowest value was in Nepal: 0.001 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
Japan 0.856 1 1980 - 2021
South Korea 0.752 2 1980 - 2021
Malaysia 0.727 3 1980 - 2021
Thailand 0.724 4 1980 - 2021
Hong Kong 0.696 5 1980 - 2021
China 0.635 6 1982 - 2021
Singapore 0.62 7 1980 - 2021
UA Emirates 0.585 8 1980 - 2021
India 0.582 9 1980 - 2021
Qatar 0.567 10 1980 - 2021
Bahrain 0.563 11 1980 - 2021
Saudi Arabia 0.518 12 1980 - 2021
Iran 0.424 13 1980 - 2021
Israel 0.421 14 1980 - 2021
Philippines 0.363 15 1980 - 2021
Oman 0.343 16 1980 - 2021
Vietnam 0.337 17 1992 - 2021
Indonesia 0.304 18 1980 - 2021
Kuwait 0.27 19 1980 - 2021
Jordan 0.24 20 1980 - 2021
Kazakhstan 0.237 21 1993 - 2021
Azerbaijan 0.208 22 1992 - 2021
Bangladesh 0.19 23 1980 - 2021
Brunei 0.174 24 1986 - 2021
Sri Lanka 0.17 25 1980 - 2021
Lebanon 0.142 26 1980 - 2021
Pakistan 0.14 27 1980 - 2021
Mongolia 0.111 28 1991 - 2021
Macao 0.094 29 1984 - 2021
Laos 0.087 30 1989 - 2021
Uzbekistan 0.05 31 1993 - 2021
Yemen 0.041 32 1988 - 2021
Georgia 0.033 33 1994 - 2021
Armenia 0.023 34 1993 - 2021
Turkmenistan 0.018 35 1998 - 2021
Bhutan 0.016 36 1982 - 2021
Kyrgyzstan 0.008 37 1995 - 2021
Maldives 0.003 38 1980 - 2021
Tajikistan 0.003 39 1998 - 2021
Burma 0.002 40 1980 - 2021
Cambodia 0.002 41 1993 - 2021
Nepal 0.001 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. Japan
2. South Korea
3. Malaysia
4. Thailand
5. Hong Kong
6. China
7. Singapore
8. UA Emirates
9. India
10. Qatar
11. Bahrain
12. Saudi Arabia
13. Iran
14. Israel
15. Philippines
16. Oman
17. Vietnam
18. Indonesia
19. Kuwait
20. Jordan
21. Kazakhstan
22. Azerbaijan
23. Bangladesh
24. Brunei
25. Sri Lanka
26. Lebanon
27. Pakistan
28. Mongolia
29. Macao
30. Laos
31. Uzbekistan
32. Yemen
33. Georgia
34. Armenia
35. Turkmenistan
36. Bhutan
37. Kyrgyzstan
38. Maldives
39. Tajikistan
40. Burma
41. Cambodia
42. Nepal
0.856
0.752
0.727
0.724
0.696
0.635
0.620
0.585
0.582
0.567
0.563
0.518
0.424
0.421
0.363
0.343
0.337
0.304
0.270
0.240
0.237
0.208
0.190
0.174
0.170
0.142
0.140
0.111
0.094
0.087
0.050
0.041
0.033
0.023
0.018
0.016
0.008
0.003
0.003
0.002
0.002
0.001
0
0.2
0.4
0.6
0.86


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