Global Financial Development

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The Global Financial Development Database is an extensive dataset of financial system characteristics for 214 economies. It contains annual data, starting from 1960. It has been last updated in September 2019 and contains data through 2017 for 109 indicators, capturing various aspects of financial institutions and markets.

The Global Financial Development Database is based on a “4x2 framework”. Specifically, it includes measures of (1) depth, (2) access, (3) efficiency, and (4) stability of financial systems. Each of these characteristics captures both (1) financial institutions (for example banks and insurance companies), and (2) financial markets (such as stock markets and bond markets). It also provides other useful indicators, such as measures of concentration and competition in the banking sector. The database builds on, updates, and extends previous efforts, in particular the data collected for the Database on Financial Development and Structure.

For more on the Global Financial Development Database, the 4x2 framework, and the underlying theoretical and empirical literature, see chapter 1 of the 2013 Global Financial Development Report, and also Cihák, Martin, Asli Demirgüç-Kunt, Erik Feyen, and Ross Levine. 2012. “Benchmarking Financial Systems around the World.” Policy Research Working Paper 6175, World Bank, Washington, DC. (A version of the paper appeared in the Journal of Financial Perspectives.)

Type: 
Time Series
Acronym: 
GFDD
Languages Supported: 
English
External Contact Email: 
Topics: 
Economic Growth
Financial Sector Development
Tags: 
Granularity: 
Geographical Coverage: 
World
East Asia & Pacific
Australia
Brunei Darussalam
Cambodia
China
Fiji
French Polynesia
Hong Kong SAR, China
Indonesia
Japan
Kiribati
Korea, Dem. People's Rep.
Korea, Rep.
Lao PDR
Macao SAR, China
Malaysia
Marshall Islands
Mongolia
Myanmar
New Caledonia
New Zealand
Palau
Papua New Guinea
Philippines
Samoa
Singapore
Solomon Islands
Thailand
Timor-Leste
Tonga
Tuvalu
Vanuatu
Vietnam
Europe & Central Asia
Albania
Andorra
Armenia
Austria
Azerbaijan
Belarus
Belgium
Bosnia and Herzegovina
Bulgaria
Croatia
Cyprus
Czech Republic
Denmark
Estonia
Faroe Islands
Finland
France
Georgia
Germany
Greece
Hungary
Iceland
Ireland
Isle of Man
Italy
Kazakhstan
Kyrgyz Republic
Latvia
Liechtenstein
Lithuania
Luxembourg
Moldova
Monaco
Montenegro
Netherlands
North Macedonia
Norway
Poland
Portugal
Romania
Russian Federation
San Marino
Serbia
Slovak Republic
Slovenia
Spain
Sweden
Switzerland
Tajikistan
Turkey
Turkmenistan
Ukraine
United Kingdom
Uzbekistan
Latin America & Caribbean
Antigua and Barbuda
Aruba
Argentina
Bahamas, The
Barbados
Belize
Bolivia
Brazil
Cayman Islands
Chile
Costa Rica
Colombia
Cuba
Curaçao
Dominica
Dominican Republic
Ecuador
El Salvador
Grenada
Guatemala
Guyana
Haiti
Honduras
Jamaica
Mexico
Nicaragua
Panama
Paraguay
Peru
Puerto Rico
St. Kitts and Nevis
St. Lucia
St. Vincent and the Grenadines
Suriname
Trinidad and Tobago
Uruguay
Venezuela, RB
Middle East & North Africa
Algeria
Bahrain
Egypt, Arab Rep.
Djibouti
Iraq
Iran, Islamic Rep.
Israel
Jordan
Kuwait
Lebanon
Libya
Malta
Morocco
Oman
Qatar
Saudi Arabia
Syrian Arab Republic
United Arab Emirates
Tunisia
Yemen, Rep.
Bermuda
Canada
United States
South Asia
Afghanistan
Bangladesh
Bhutan
India
Pakistan
Nepal
Maldives
Sri Lanka
Angola
Benin
Botswana
Burkina Faso
Burundi
Cabo Verde
Cameroon
Central African Republic
Chad
Comoros
Congo, Dem. Rep.
Congo, Rep.
Côte d'Ivoire
Ethiopia
Eritrea
Equatorial Guinea
Gabon
Gambia, The
Ghana
Guinea
Guinea-Bissau
Kenya
Lesotho
Liberia
Madagascar
Malawi
Mali
Mauritania
Mauritius
Mozambique
Namibia
Niger
Nigeria
Rwanda
São Tomé and Principe
Seychelles
Senegal
Sierra Leone
Somalia
South Africa
South Sudan
Sudan
Eswatini
Tanzania
Togo
Uganda
Zambia
Zimbabwe
Economy Coverage: 
High Income
IBRD
IDA
Low Income
Number of Economies: 
214
Periodicity: 
Annual
Temporal Coverage: 
1960 - 2017
Release Date: 
September 12, 2012

Last Updated

Last Updated: 
October 30, 2019

Update Frequency

Update Frequency: 
Annually

Harvest System ID

Harvest System ID: 
Indicators API

Harvest Source ID

Harvest Source ID: 
32
Access Options:
API Documentation, Download, Query Tool
Source: 

Data source: Global Financial Development Database (GFDD), The World Bank. Methodology citation: Martin Cihak, Asli Demirguc-Kunt, Erik Feyen, and Ross Levine, 2012. "Benchmarking Financial Systems Around the World." World Bank Policy Research Working Paper 6175, World Bank, Washington, D.C.

Translated Title: 

NA

No Visualizations Available.

Global Financial Development Database (GFDD), The World Bank.

2018

2017

2016

The Global Financial Development Database is an extensive dataset of financial system characteristics for 214 economies. It contains annual data, starting from 1960. It has been last updated in September 2019 and contains data through 2017 for 109 indicators, capturing various aspects of financial institutions and markets.

The Global Financial Development Database is based on a “4x2 framework”. Specifically, it includes measures of (1) depth, (2) access, (3) efficiency, and (4) stability of financial systems. Each of these characteristics captures both (1) financial institutions (for example banks and insurance companies), and (2) financial markets (such as stock markets and bond markets). It also provides other useful indicators, such as measures of concentration and competition in the banking sector. The database builds on, updates, and extends previous efforts, in particular the data collected for the Database on Financial Development and Structure.

For more on the Global Financial Development Database, the 4x2 framework, and the underlying theoretical and empirical literature, see chapter 1 of the 2013 Global Financial Development Report, and also Cihák, Martin, Asli Demirgüç-Kunt, Erik Feyen, and Ross Levine. 2012. “Benchmarking Financial Systems around the World.” Policy Research Working Paper 6175, World Bank, Washington, DC. (A version of the paper appeared in the Journal of Financial Perspectives.)

FieldValue
Modified Date
2019-12-20
Release Date
Periodicity
Annual
Identifier
90a34ea4-8a5c-11e6-ae22-56b6b64022
Temporal Coverage

1960 - 2017

License
License Not Specified
Rating: 
0
No votes yet
Acronym: 
GFDD
Type: 
Languages Supported: 
Economy Coverage: 
Terms of Use: 
Number of Economies: 
214
Update Frequency: 
Disclosure Risk: 
NA
Is this dataset a subscription: 
No
Update Schedule: 
Fall
Geographical Coverage: 
Data Classification of a Dataset: 
Translated Title: 
NA
Start Date: 
Friday, January 1, 1960
End Date: 
Sunday, December 31, 2017
DEC
Programatic Region: 
Release Date: 
Wednesday, September 12, 2012
Last Updated Date: 
Wednesday, October 30, 2019
citation text: 
Financial Inclusion, Financial Stability And Income Inequality: Introduction
External Contact Email: 
Granularity: 
Harvest Source: 
Harvest System ID: 
32
Citation Text: 
Global Financial Development Database (GFDD), The World Bank.
Modified date: 
18198
Primary Dataset: 
Yes
Source: 

Data source: Global Financial Development Database (GFDD), The World Bank. Methodology citation: Martin ?ih¡k, Asl? DemirgŸ-Kunt, Erik Feyen, and Ross Levine, 2012. "Benchmarking Financial Systems Around the World." World Bank Policy Research Working Paper 6175, World Bank, Washington, D.C.

Source: 

Data source: Global Financial Development Database (GFDD), The World Bank. Methodology citation: Martin Cihak, Asli Demirguc-Kunt, Erik Feyen, and Ross Levine, 2012. "Benchmarking Financial Systems Around the World." World Bank Policy Research Working Paper 6175, World Bank, Washington, D.C.

Data Access and Licensing

This dataset is classified as Public under the Access to Information Classification Policy. Users inside and outside the Bank can access this dataset.

This dataset is licensed under CC-BY 4.0

CC-BY 4.0

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