* indicates monthly or quarterly data series

Financial markets development, efficiency, 2021:

The average for 2021 based on 12 countries was 0.172 index points. The highest value was in Egypt: 0.48 index points and the lowest value was in Bahrain: 0.03 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
Iran 0.469 2 1980 - 2021
Saudi Arabia 0.247 3 1980 - 2021
Qatar 0.173 4 1980 - 2021
UA Emirates 0.157 5 1980 - 2021
Kuwait 0.153 6 1980 - 2021
Jordan 0.1 7 1980 - 2021
Oman 0.078 8 1980 - 2021
Morocco 0.068 9 1980 - 2021
Tunisia 0.066 10 1980 - 2021
Lebanon 0.043 11 1980 - 2021
Bahrain 0.03 12 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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