The World Economic Forum publishes a Financial Development Index annually, which measures and analyses the factors enabling the development of financial systems among different economies. It provides a comprehensive means for economies to benchmark various aspects of their financial systems. First published in 2008, this Report represents a key ongoing initiative undertaken as part of the Forum’s Industry Partnership Programme, which provides a platform for CEOs and senior executives to collaborate with their peers and an extended community of senior leaders from the public sector, academics, and experts from civil society to tackle key issues of concern to the global community.
The variables in this Report help provide guidance for measuring the effects of programs and reforms across three broad categories:
- factors, policies, and institutions;
- financial intermediation; and
- financial access.
The Report uses a comprehensive framework that includes 121 variables that measure the stability and efficacy of the banking system, financial markets, and many other related factors.
Publication Date: 2012