Financial markets development - Country rankings

* indicates monthly or quarterly data series

Financial markets development, 2021:

The average for 2021 based on 38 countries was 0.065 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
Botswana 0.227 3 1980 - 2021
Nigeria 0.197 4 1980 - 2021
Zambia 0.185 5 1980 - 2021
Ghana 0.104 6 1980 - 2021
Togo 0.099 7 1980 - 2021
Mozambique 0.096 8 1990 - 2021
Burundi 0.094 9 1980 - 2021
Liberia 0.091 10 1981 - 2021
Seychelles 0.072 11 1980 - 2021
Namibia 0.066 12 1990 - 2021
Ivory Coast 0.047 13 1982 - 2021
Kenya 0.038 14 1980 - 2021
Rwanda 0.033 15 1980 - 2021
Chad 0.029 16 1980 - 2021
Angola 0.024 17 1993 - 2021
R. of Congo 0.018 18 1980 - 2021
Guinea 0.013 19 1989 - 2021
Tanzania 0.013 20 1980 - 2021
Senegal 0.012 21 1980 - 2021
Swaziland 0.012 22 1980 - 2021
Gabon 0.011 23 1980 - 2021
Benin 0.01 24 1980 - 2021
Niger 0.01 25 1980 - 2021
Ethiopia 0.009 26 1980 - 2021
Mauritania 0.006 27 1980 - 2021
Sierra Leone 0.005 28 1980 - 2021
Cameroon 0.003 29 1980 - 2021
Madagascar 0.003 30 1980 - 2021
Mali 0.003 31 1980 - 2021
Uganda 0.003 32 1980 - 2021
Cape Verde 0.002 33 1980 - 2021
Burkina Faso 0.001 34 1980 - 2021
Lesotho 0.001 35 1980 - 2021
Malawi 0.001 36 1980 - 2021
DR Congo 0 37 1993 - 2021
Sudan 0 38 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:

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All articles

1. South Africa
2. Mauritius
3. Botswana
4. Nigeria
5. Zambia
6. Ghana
7. Togo
8. Mozambique
9. Burundi
10. Liberia
11. Seychelles
12. Namibia
13. Ivory Coast
14. Kenya
15. Rwanda
16. Chad
17. Angola
18. R. of Congo
19. Guinea
20. Tanzania
21. Senegal
22. Swaziland
23. Gabon
24. Benin
25. Niger
26. Ethiopia
27. Mauritania
28. Sierra Leone
29. Cameroon
30. Madagascar
31. Mali
32. Uganda
33. Cape Verde
34. Burkina Faso
35. Lesotho
36. Malawi
37. DR Congo
38. Sudan
0.492
0.455
0.227
0.197
0.185
0.104
0.099
0.096
0.094
0.091
0.072
0.066
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
0.001
0.001
0.001
0.000
0.000
0
0.1
0.2
0.4
0.49


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