Financial markets development, efficiency - Country rankings

* indicates monthly or quarterly data series

Financial markets development, efficiency, 2021:

The average for 2021 based on 13 countries was 0.049 index points. The highest value was in South Africa: 0.345 index points and the lowest value was in Rwanda: 0 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
South Africa 0.345 1 1980 - 2021
Mauritius 0.062 2 1980 - 2021
Botswana 0.055 3 1980 - 2021
Nigeria 0.054 4 1980 - 2021
Kenya 0.028 5 1980 - 2021
Namibia 0.024 6 1990 - 2021
Ivory Coast 0.023 7 1982 - 2021
Swaziland 0.019 8 1980 - 2021
Seychelles 0.012 9 1980 - 2021
Zambia 0.008 10 1980 - 2021
Ghana 0.004 11 1980 - 2021
Tanzania 0.004 12 1980 - 2021
Rwanda 0 13 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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All articles

1. South Africa
2. Mauritius
3. Botswana
4. Nigeria
5. Kenya
6. Namibia
7. Ivory Coast
8. Swaziland
9. Seychelles
10. Zambia
11. Ghana
12. Tanzania
13. Rwanda
0.345
0.062
0.055
0.054
0.028
0.024
0.023
0.019
0.012
0.008
0.004
0.004
0.000
0
0.1
0.2
0.3
0.35


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