* indicates monthly or quarterly data series

Financial markets development, efficiency, 2021:

The average for 2021 based on 3 countries was 0.363 index points. The highest value was in Australia: 0.88 index points and the lowest value was in Papua New Guinea: 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
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* indicates monthly or quarterly data series


Countries Financial markets development, efficiency, 2021 Global rank Available data
Australia 0.88 1 1980 - 2021
New Zealand 0.207 2 1980 - 2021
Papua N.G. 0.001 3 1980 - 2021



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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