Financial markets development, efficiency - Country rankings

* indicates monthly or quarterly data series

Financial markets development, efficiency, 2021:

The average for 2021 based on 16 countries was 0.078 index points. The highest value was in Egypt: 0.48 index points and the lowest value was in Rwanda: 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, efficiency, 2021 Global rank Available data
Egypt 0.48 1 1980 - 2021
South Africa 0.345 2 1980 - 2021
Morocco 0.068 3 1980 - 2021
Tunisia 0.066 4 1980 - 2021
Mauritius 0.062 5 1980 - 2021
Botswana 0.055 6 1980 - 2021
Nigeria 0.054 7 1980 - 2021
Kenya 0.028 8 1980 - 2021
Namibia 0.024 9 1990 - 2021
Ivory Coast 0.023 10 1982 - 2021
Swaziland 0.019 11 1980 - 2021
Seychelles 0.012 12 1980 - 2021
Zambia 0.008 13 1980 - 2021
Ghana 0.004 14 1980 - 2021
Tanzania 0.004 15 1980 - 2021
Rwanda 0 16 1980 - 2021


New - World map: Financial markets development, efficiency




Definition: Measures the efficiency of financial markets using the following variable: Stock market turnover ratio (stocks traded to capitalization). See Svirydzenka, Katsiaryna (IMF, 2016) for more detail.

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1. Egypt
2. South Africa
3. Morocco
4. Tunisia
5. Mauritius
6. Botswana
7. Nigeria
8. Kenya
9. Namibia
10. Ivory Coast
11. Swaziland
12. Seychelles
13. Zambia
14. Ghana
15. Tanzania
16. Rwanda
0.480
0.345
0.068
0.066
0.062
0.055
0.054
0.028
0.024
0.023
0.019
0.012
0.008
0.004
0.004
0.000
0
0.1
0.2
0.4
0.48


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