* indicates monthly or quarterly data series

Financial markets development, 2021:

The average for 2021 based on 18 countries was 0.166 index points. The highest value was in Brazil: 0.655 index points and the lowest value was in Nicaragua: 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
Brazil 0.655 1 1980 - 2021
Panama 0.397 2 1980 - 2021
Chile 0.395 3 1980 - 2021
Mexico 0.322 4 1980 - 2021
Colombia 0.302 5 1980 - 2021
Argentina 0.221 6 1980 - 2021
Peru 0.22 7 1980 - 2021
Venezuela 0.197 8 1980 - 2021
Honduras 0.07 9 1980 - 2021
Paraguay 0.057 10 1980 - 2021
Uruguay 0.033 11 1980 - 2021
Costa Rica 0.029 12 1980 - 2021
El Salvador 0.029 13 1980 - 2021
Ecuador 0.025 14 1980 - 2021
Domin. Rep. 0.016 15 1980 - 2021
Guatemala 0.014 16 1980 - 2021
Bolivia 0.009 17 1980 - 2021
Nicaragua 0.001 18 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.

Selected articles from our guide:

The unholy trinity of international finance

Most commonly used measures of corruption

All articles

This site uses cookies.
Learn more here


OK