Financial markets development, efficiency - Country rankings
* indicates monthly or quarterly data series
Financial markets development, efficiency, 2021:
The average for 2021 based on 32 countries was 0.452 index points. The highest value was in Finland: 1 index points and the lowest value was in Luxembourg: 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 |
|---|---|---|---|
| Finland | 1 | 1 | 1980 - 2021 |
| Italy | 1 | 2 | 1980 - 2021 |
| Portugal | 1 | 3 | 1980 - 2021 |
| Turkey | 1 | 4 | 1985 - 2021 |
| Germany | 0.98 | 5 | 1980 - 2021 |
| Sweden | 0.845 | 6 | 1980 - 2021 |
| UK | 0.815 | 7 | 1980 - 2021 |
| Switzerland | 0.806 | 8 | 1980 - 2021 |
| Spain | 0.796 | 9 | 1980 - 2021 |
| France | 0.785 | 10 | 1980 - 2021 |
| Netherlands | 0.747 | 11 | 1980 - 2021 |
| Poland | 0.58 | 12 | 1980 - 2021 |
| Denmark | 0.556 | 13 | 1980 - 2021 |
| Hungary | 0.499 | 14 | 1982 - 2021 |
| Russia | 0.491 | 15 | 1990 - 2021 |
| Norway | 0.425 | 16 | 1980 - 2021 |
| Greece | 0.399 | 17 | 1982 - 2021 |
| Austria | 0.372 | 18 | 1980 - 2021 |
| Ireland | 0.36 | 19 | 1980 - 2021 |
| Belgium | 0.35 | 20 | 1980 - 2021 |
| Czechia | 0.196 | 21 | 1990 - 2021 |
| Romania | 0.142 | 22 | 1980 - 2021 |
| Serbia | 0.116 | 23 | 1994 - 2021 |
| Slovenia | 0.068 | 24 | 1992 - 2021 |
| Ukraine | 0.057 | 25 | 1992 - 2021 |
| Belarus | 0.018 | 26 | 1993 - 2021 |
| Croatia | 0.018 | 27 | 1992 - 2021 |
| Malta | 0.017 | 28 | 1980 - 2021 |
| Bulgaria | 0.015 | 29 | 1988 - 2021 |
| Cyprus | 0.01 | 30 | 1980 - 2021 |
| Slovakia | 0.002 | 31 | 1991 - 2021 |
| Luxembourg | 0.001 | 32 | 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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1.000
1.000
1.000
1.000
0.980
0.845
0.815
0.806
0.796
0.785
0.747
0.580
0.556
0.499
0.491
0.425
0.399
0.372
0.360
0.350
0.196
0.142
0.116
0.068
0.057
0.018
0.018
0.017
0.015
0.010
0.002
0.001
0
0.3
0.5
0.8
1
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