* indicates monthly or quarterly data series

Financial markets development, efficiency, 2021:

The average for 2021 based on 7 countries was 0.526 index points. The highest value was in Thailand: 1 index points and the lowest value was in the Philippines: 0.148 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
Thailand 1 1 1980 - 2021
India 0.925 2 1980 - 2021
Malaysia 0.703 3 1980 - 2021
Vietnam 0.377 4 1992 - 2021
Indonesia 0.326 5 1980 - 2021
Singapore 0.202 6 1980 - 2021
Philippines 0.148 7 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.

Selected articles from our guide:

The unholy trinity of international finance

Most commonly used measures of corruption

All articles

This site uses cookies.
Learn more here


OK