Financial markets development, access - Country rankings

* indicates monthly or quarterly data series

Financial markets development, access, 2021:

The average for 2021 based on 114 countries was 0.361 index points. The highest value was in Bahrain: 1 index points and the lowest value was in Ethiopia: 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, access, 2021 Global rank Available data
Bahrain 1 1 1980 - 2021
Ireland 1 2 1980 - 2021
Luxembourg 1 3 1980 - 2021
Norway 0.939 4 1980 - 2021
Switzerland 0.915 5 1980 - 2021
Malta 0.896 6 1980 - 2021
UA Emirates 0.885 7 1980 - 2021
New Zealand 0.857 8 1980 - 2021
Cyprus 0.85 9 1980 - 2021
Spain 0.849 10 1980 - 2021
Mauritius 0.837 11 1980 - 2021
Qatar 0.827 12 1980 - 2021
Austria 0.825 13 1980 - 2021
Singapore 0.822 14 1980 - 2021
Panama 0.771 15 1980 - 2021
Australia 0.759 16 1980 - 2021
Hong Kong 0.726 17 1980 - 2021
Italy 0.717 18 1980 - 2021
Canada 0.708 19 1980 - 2021
UK 0.694 20 1980 - 2021
Greece 0.688 21 1982 - 2021
USA 0.655 22 1980 - 2021
Oman 0.648 23 1980 - 2021
Japan 0.618 24 1980 - 2021
Colombia 0.558 25 1980 - 2021
Hungary 0.555 26 1982 - 2021
Saudi Arabia 0.554 27 1980 - 2021
Botswana 0.542 28 1980 - 2021
Croatia 0.537 29 1992 - 2021
Germany 0.537 30 1980 - 2021
Kazakhstan 0.523 31 1993 - 2021
Argentina 0.521 32 1980 - 2021
Azerbaijan 0.52 33 1992 - 2021
Russia 0.52 34 1984 - 2021
Morocco 0.507 35 1980 - 2021
Bahamas 0.5 36 1980 - 2021
Brunei 0.5 37 1986 - 2021
Denmark 0.5 38 1980 - 2021
Finland 0.5 39 1980 - 2021
France 0.5 40 1980 - 2021
Iceland 0.5 41 1980 - 2021
Netherlands 0.5 42 1980 - 2021
Saint Lucia 0.5 43 1980 - 2021
Sweden 0.5 44 1980 - 2021
Zambia 0.5 45 1980 - 2021
Nigeria 0.483 46 1980 - 2021
Malaysia 0.477 47 1980 - 2021
Jordan 0.468 48 1980 - 2021
Chile 0.466 49 1980 - 2021
South Korea 0.447 50 1980 - 2021
Peru 0.425 51 1980 - 2021
Belgium 0.424 52 1980 - 2021
Brazil 0.422 53 1980 - 2021
Israel 0.417 54 1980 - 2021
Mexico 0.413 55 1980 - 2021
South Africa 0.401 56 1980 - 2021
Vietnam 0.4 57 1992 - 2021
Thailand 0.39 58 1980 - 2021
Barbados 0.367 59 1980 - 2021
Poland 0.363 60 1980 - 2021
Indonesia 0.344 61 1980 - 2021
Philippines 0.319 62 1980 - 2021
Egypt 0.31 63 1980 - 2021
Sri Lanka 0.305 64 1980 - 2021
Macao 0.297 65 1984 - 2021
Bangladesh 0.296 66 1980 - 2021
Turkey 0.273 67 1985 - 2021
Iran 0.255 68 1980 - 2021
Ghana 0.226 69 1980 - 2021
India 0.196 70 1980 - 2021
China 0.186 71 1982 - 2021
Kuwait 0.176 72 1980 - 2021
Portugal 0.137 73 1980 - 2021
Slovenia 0.122 74 1980 - 2021
Estonia 0.083 75 1992 - 2021
Bulgaria 0.08 76 1988 - 2021
Paraguay 0.08 77 1980 - 2021
Tr.&Tobago 0.065 78 1980 - 2021
Latvia 0.059 79 1993 - 2021
El Salvador 0.05 80 1980 - 2021
Namibia 0.048 81 1990 - 2021
Czechia 0.04 82 1990 - 2021
Lithuania 0.039 83 1993 - 2021
Armenia 0.037 84 1993 - 2021
Jamaica 0.034 85 1980 - 2021
Mongolia 0.033 86 1991 - 2021
Uruguay 0.031 87 1980 - 2021
Georgia 0.029 88 1994 - 2021
Togo 0.028 89 1980 - 2021
Honduras 0.021 90 1980 - 2021
Costa Rica 0.02 91 1980 - 2021
Lebanon 0.02 92 1980 - 2021
Domin. Rep. 0.019 93 1980 - 2021
Kyrgyzstan 0.018 94 1995 - 2021
Slovakia 0.018 95 1991 - 2021
Tunisia 0.018 96 1980 - 2021
Laos 0.015 97 1989 - 2021
Ukraine 0.012 98 1992 - 2021
Belarus 0.011 99 1993 - 2021
Burundi 0.011 100 1980 - 2021
Romania 0.011 101 1980 - 2021
Bolivia 0.009 102 1980 - 2021
Mozambique 0.008 103 1990 - 2021
Venezuela 0.008 104 1980 - 2021
Guatemala 0.007 105 1980 - 2021
Ecuador 0.006 106 1980 - 2021
Uzbekistan 0.006 107 1993 - 2021
Ivory Coast 0.005 108 1982 - 2021
Tanzania 0.005 109 1980 - 2021
Algeria 0.004 110 1980 - 2021
Angola 0.004 111 1995 - 2021
Kenya 0.002 112 1980 - 2021
Ethiopia 0.001 113 1980 - 2021
Pakistan 0.001 114 1980 - 2021



Definition: Measures access to the financial markets using principal components methodology with these variables: Percent of market capitalization outside of top 10 largest companies and Total number of issuers of debt (domestic and external, nonfinancial and financial corporations). See Svirydzenka, Katsiaryna (IMF, 2016) for more detail.

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All articles

1. Bahrain
2. Ireland
3. Luxembourg
4. Norway
5. Switzerland
6. Malta
7. UA Emirates
8. New Zealand
9. Cyprus
10. Spain
11. Mauritius
12. Qatar
13. Austria
14. Singapore
15. Panama
16. Australia
17. Hong Kong
18. Italy
19. Canada
20. UK
21. Greece
22. USA
23. Oman
24. Japan
25. Colombia
26. Hungary
27. Saudi Arabia
28. Botswana
29. Croatia
30. Germany
31. Kazakhstan
32. Argentina
33. Azerbaijan
34. Russia
35. Morocco
36. Bahamas
37. Brunei
38. Denmark
39. Finland
40. France
41. Iceland
42. Netherlands
43. Saint Lucia
44. Sweden
45. Zambia
46. Nigeria
47. Malaysia
48. Jordan
49. Chile
50. South Korea
51. Peru
52. Belgium
53. Brazil
54. Israel
55. Mexico
56. South Africa
57. Vietnam
58. Thailand
59. Barbados
60. Poland
61. Indonesia
62. Philippines
63. Egypt
64. Sri Lanka
65. Macao
66. Bangladesh
67. Turkey
68. Iran
69. Ghana
70. India
71. China
72. Kuwait
73. Portugal
74. Slovenia
75. Estonia
76. Bulgaria
77. Paraguay
78. Tr.&Tobago
79. Latvia
80. El Salvador
81. Namibia
82. Czechia
83. Lithuania
84. Armenia
85. Jamaica
86. Mongolia
87. Uruguay
88. Georgia
89. Togo
90. Honduras
91. Costa Rica
92. Lebanon
93. Domin. Rep.
94. Kyrgyzstan
95. Slovakia
96. Tunisia
97. Laos
98. Ukraine
99. Belarus
100. Burundi
101. Romania
102. Bolivia
103. Mozambique
104. Venezuela
105. Guatemala
106. Ecuador
107. Uzbekistan
108. Ivory Coast
109. Tanzania
110. Algeria
111. Angola
112. Kenya
113. Ethiopia
114. Pakistan
1.000
1.000
1.000
0.939
0.915
0.896
0.885
0.857
0.850
0.849
0.837
0.827
0.825
0.822
0.771
0.759
0.726
0.717
0.708
0.694
0.688
0.655
0.648
0.618
0.558
0.555
0.554
0.542
0.537
0.537
0.523
0.521
0.520
0.520
0.507
0.500
0.500
0.500
0.500
0.500
0.500
0.500
0.500
0.500
0.500
0.483
0.477
0.468
0.466
0.447
0.425
0.424
0.422
0.417
0.413
0.401
0.400
0.390
0.367
0.363
0.344
0.319
0.310
0.305
0.297
0.296
0.273
0.255
0.226
0.196
0.186
0.176
0.137
0.122
0.083
0.080
0.080
0.065
0.059
0.050
0.048
0.040
0.039
0.037
0.034
0.033
0.031
0.029
0.028
0.021
0.020
0.020
0.019
0.018
0.018
0.018
0.015
0.012
0.011
0.011
0.011
0.009
0.008
0.008
0.007
0.006
0.006
0.005
0.005
0.004
0.004
0.002
0.001
0.001
0
0.3
0.5
0.8
1


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