* indicates monthly or quarterly data series

Financial markets development, efficiency, 2021:

The average for 2021 based on 8 countries was 0.228 index points. The highest value was in the USA: 1 index points and the lowest value was in Barbados: 0.003 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
USA 1 1 1980 - 2021
Canada 0.472 2 1980 - 2021
Mexico 0.255 3 1980 - 2021
Tr.&Tobago 0.053 4 1980 - 2021
Costa Rica 0.02 5 1980 - 2021
Panama 0.019 6 1980 - 2021
Jamaica 0.005 7 1980 - 2021
Barbados 0.003 8 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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