Global Financial Development Report 2017 / 2018:
Bankers without Borders

Global Financial Development Database

Global Financial Development Database

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 July 2018 and contains data through 2016 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 (banks, insurance companies, and so on), 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 Journal of Financial Perspectives.)

Latest Version of the Dataset

July 2018: The Global Financial Development Database has been updated with data through 2016. Information for 2017 is reflected as available.

 July 2018 Version


Appendix A | Appendix B | Chapter 1 | Chapter 2 | Chapter 3 | Explore and create your data

Older Versions of the Dataset

  June 2017 Version | September 2015 Version | November 2013 Version