Economic/Financial Strength/Sovereign Capital & External Financial Power

International Financial Centre Capability

The capacity to host the world's intermediation: the legal certainty, market ecosystem, talent pool and time-zone position that make a jurisdiction a place global finance must pass through.
pending/cap/international-financial-centre-capability
World mean
5.3
of 20 · median 4.0
Range
0–20
middle half 2.0–8.0
Panel SD
±0.63
round 1 ±1.34 — the honest estimate
Leader
20
United States

Indicators

The measures seeded for this capability in the framework. They are candidate indicators: no cell in the index has a source document attached to it yet.

Band spread across 197 nations

Frontier 5
Advanced 9
Established 11
Transitional 20
Foundational 27
Nascent 46
Inception 79

All 197 nations

Best first. The score is the mean of the four adjudicators' round-3 integers, rounded to the nearest integer; ±SD is their spread on that cell. Where the spread is three points or more, read the number as a band rather than a value.

#NationRegionScoreBandPanel SD
1 🇺🇸United States Americas 20 Frontier ±0.00
2 🇸🇬Singapore Asia Pacific 19 Frontier ±0.00
3 🇨🇭Switzerland Europe 19 Frontier ±0.43
4 🇬🇧United Kingdom Europe 19 Frontier ±0.43
5 🇱🇺Luxembourg Europe 18 Frontier ±0.00
6 🇫🇷France Europe 17 Advanced ±0.50
7 🇩🇪Germany Europe 17 Advanced ±0.50
8 🇨🇳China Asia Pacific 16 Advanced ±0.83
9 🇯🇵Japan Asia Pacific 16 Advanced ±0.43
10 🇳🇱Netherlands Europe 16 Advanced ±0.43
11 🇦🇪United Arab Emirates Middle East 16 Advanced ±0.43
12 🇦🇺Australia Asia Pacific 15 Advanced ±0.50
13 🇨🇦Canada Americas 15 Advanced ±0.71
14 🇮🇪Ireland Europe 15 Advanced ±0.00
15 🇧🇪Belgium Europe 14 Established ±0.43
16 🇰🇷South Korea Asia Pacific 13 Established ±0.83
17 🇪🇸Spain Europe 13 Established ±0.50
18 🇸🇪Sweden Europe 13 Established ±0.50
19 🇧🇭Bahrain Middle East 12 Established ±0.50
20 🇮🇹Italy Europe 12 Established ±0.83
21 🇲🇾Malaysia Asia Pacific 12 Established ±0.00
22 🇵🇦Panama Americas 12 Established ±0.00
23 🇶🇦Qatar Middle East 12 Established ±0.50
24 🇿🇦South Africa Africa 12 Established ±0.00
25 🇹🇼Taiwan Asia Pacific 12 Established ±0.43
26 🇦🇹Austria Europe 11 Transitional ±1.00
27 🇩🇰Denmark Europe 11 Transitional ±1.00
28 🇮🇳India Asia Pacific 11 Transitional ±0.83
29 🇲🇺Mauritius Africa 11 Transitional ±0.43
30 🇳🇴Norway Europe 11 Transitional ±1.92
31 🇸🇦Saudi Arabia Middle East 11 Transitional ±1.00
32 🇧🇸Bahamas Americas 10 Transitional ±0.43
33 🇧🇷Brazil Americas 10 Transitional ±0.43
34 🇨🇾Cyprus Middle East 10 Transitional ±0.43
35 🇫🇮Finland Europe 10 Transitional ±0.83
36 🇲🇽Mexico Americas 10 Transitional ±0.43
37 🇳🇿New Zealand Asia Pacific 10 Transitional ±1.12
38 🇹🇭Thailand Asia Pacific 10 Transitional ±0.71
39 🇹🇷Türkiye Middle East 10 Transitional ±1.30
40 🇮🇱Israel Middle East 9 Transitional ±1.00
41 🇱🇮Liechtenstein Europe 9 Transitional ±0.83
42 🇲🇹Malta Europe 9 Transitional ±0.43
43 🇲🇨Monaco Europe 9 Transitional ±0.87
44 🇵🇱Poland Europe 9 Transitional ±0.83
45 🇵🇹Portugal Europe 9 Transitional ±0.83
46 🇨🇱Chile Americas 8 Foundational ±0.43
47 🇬🇷Greece Europe 8 Foundational ±0.71
48 🇭🇺Hungary Europe 8 Foundational ±1.12
49 🇮🇩Indonesia Asia Pacific 8 Foundational ±0.50
50 🇱🇹Lithuania Europe 8 Foundational ±1.09
51 🇲🇦Morocco Africa 8 Foundational ±0.50
52 🇧🇧Barbados Americas 7 Foundational ±0.43
53 🇨🇴Colombia Americas 7 Foundational ±0.83
54 🇨🇿Czechia Europe 7 Foundational ±0.83
55 🇪🇬Egypt Africa 7 Foundational ±0.43
56 🇪🇪Estonia Europe 7 Foundational ±0.83
57 🇰🇿Kazakhstan Asia Pacific 7 Foundational ±0.43
58 🇰🇼Kuwait Middle East 7 Foundational ±1.00
59 🇱🇻Latvia Europe 7 Foundational ±0.83
60 🇳🇬Nigeria Africa 7 Foundational ±0.43
61 🇵🇭Philippines Asia Pacific 7 Foundational ±0.83
62 🇷🇴Romania Europe 7 Foundational ±0.83
63 🇮🇸Iceland Europe 6 Foundational ±0.83
64 🇰🇪Kenya Africa 6 Foundational ±0.43
65 🇴🇲Oman Middle East 6 Foundational ±1.30
66 🇵🇪Peru Americas 6 Foundational ±1.09
67 🇷🇺Russia Europe 6 Foundational ±0.83
68 🇷🇸Serbia Europe 6 Foundational ±0.50
69 🇸🇨Seychelles Africa 6 Foundational ±0.43
70 🇸🇰Slovakia Europe 6 Foundational ±0.71
71 🇸🇮Slovenia Europe 6 Foundational ±0.71
72 🇻🇳Vietnam Asia Pacific 6 Foundational ±0.71
73 🇦🇷Argentina Americas 5 Nascent ±1.12
74 🇧🇬Bulgaria Europe 5 Nascent ±0.83
75 🇨🇷Costa Rica Americas 5 Nascent ±1.09
76 🇭🇷Croatia Europe 5 Nascent ±0.83
77 🇬🇪Georgia Middle East 5 Nascent ±1.12
78 🇬🇭Ghana Africa 5 Nascent ±0.43
79 🇯🇲Jamaica Americas 5 Nascent ±0.43
80 🇯🇴Jordan Middle East 5 Nascent ±0.83
81 🇵🇰Pakistan Asia Pacific 5 Nascent ±0.71
82 🇱🇰Sri Lanka Asia Pacific 5 Nascent ±1.23
83 🇹🇹Trinidad & Tobago Americas 5 Nascent ±0.43
84 🇺🇾Uruguay Americas 5 Nascent ±0.71
85 🇦🇩Andorra Europe 4 Nascent ±0.83
86 🇦🇬Antigua & Barbuda Americas 4 Nascent ±0.83
87 🇧🇩Bangladesh Asia Pacific 4 Nascent ±1.30
88 🇧🇼Botswana Africa 4 Nascent ±0.83
89 🇧🇳Brunei Asia Pacific 4 Nascent ±1.50
90 🇨🇮Côte d'Ivoire Africa 4 Nascent ±0.43
91 🇩🇴Dominican Republic Americas 4 Nascent ±0.83
92 🇪🇨Ecuador Americas 4 Nascent ±0.50
93 🇱🇧Lebanon Middle East 4 Nascent ±1.30
94 🇳🇦Namibia Africa 4 Nascent ±1.12
95 🇷🇼Rwanda Africa 4 Nascent ±0.00
96 🇰🇳Saint Kitts & Nevis Americas 4 Nascent ±0.43
97 🇸🇳Senegal Africa 4 Nascent ±0.71
98 🇹🇿Tanzania Africa 4 Nascent ±0.50
99 🇹🇳Tunisia Africa 4 Nascent ±0.83
100 🇦🇲Armenia Middle East 3 Nascent ±0.83
101 🇦🇿Azerbaijan Middle East 3 Nascent ±1.30
102 🇧🇿Belize Americas 3 Nascent ±0.83
103 🇨🇻Cabo Verde Africa 3 Nascent ±0.43
104 🇰🇭Cambodia Asia Pacific 3 Nascent ±1.12
105 🇨🇲Cameroon Africa 3 Nascent ±0.50
106 🇩🇯Djibouti Africa 3 Nascent ±0.50
107 🇩🇲Dominica Americas 3 Nascent ±0.43
108 🇸🇻El Salvador Americas 3 Nascent ±0.71
109 🇪🇹Ethiopia Africa 3 Nascent ±0.43
110 🇬🇹Guatemala Americas 3 Nascent ±0.83
111 🇵🇬Papua New Guinea Asia Pacific 3 Nascent ±0.50
112 🇵🇾Paraguay Americas 3 Nascent ±0.71
113 🇱🇨Saint Lucia Americas 3 Nascent ±0.83
114 🇻🇨Saint Vincent & Grenadines Americas 3 Nascent ±0.71
115 🇸🇲San Marino Europe 3 Nascent ±0.71
116 🇺🇬Uganda Africa 3 Nascent ±0.83
117 🇺🇦Ukraine Europe 3 Nascent ±1.30
118 🇿🇲Zambia Africa 3 Nascent ±0.50
119 🇦🇱Albania Europe 2 Inception ±1.00
120 🇩🇿Algeria Africa 2 Inception ±0.71
121 🇦🇴Angola Africa 2 Inception ±0.83
122 🇧🇾Belarus Europe 2 Inception ±0.83
123 🇧🇯Benin Africa 2 Inception ±0.50
124 🇧🇴Bolivia Americas 2 Inception ±0.83
125 🇧🇦Bosnia & Herzegovina Europe 2 Inception ±1.00
126 🇧🇫Burkina Faso Africa 2 Inception ±0.50
127 🇨🇬Congo Africa 2 Inception ±0.50
128 🇬🇶Equatorial Guinea Africa 2 Inception ±0.50
129 🇸🇿Eswatini Africa 2 Inception ±0.50
130 🇫🇯Fiji Asia Pacific 2 Inception ±0.71
131 🇬🇦Gabon Africa 2 Inception ±0.50
132 🇬🇩Grenada Americas 2 Inception ±0.43
133 🇬🇾Guyana Americas 2 Inception ±0.43
134 🇭🇳Honduras Americas 2 Inception ±0.83
135 🇮🇷Iran Asia Pacific 2 Inception ±0.83
136 🇮🇶Iraq Middle East 2 Inception ±0.83
137 🇽🇰Kosovo Europe 2 Inception ±0.50
138 🇰🇬Kyrgyzstan Asia Pacific 2 Inception ±0.71
139 🇱🇦Laos Asia Pacific 2 Inception ±0.50
140 🇱🇷Liberia Africa 2 Inception ±0.50
141 🇱🇾Libya Africa 2 Inception ±0.50
142 🇲🇻Maldives Asia Pacific 2 Inception ±0.83
143 🇲🇭Marshall Islands Asia Pacific 2 Inception ±0.50
144 🇲🇩Moldova Europe 2 Inception ±1.12
145 🇲🇳Mongolia Asia Pacific 2 Inception ±0.83
146 🇲🇪Montenegro Europe 2 Inception ±1.00
147 🇳🇮Nicaragua Americas 2 Inception ±0.50
148 🇲🇰North Macedonia Europe 2 Inception ±0.83
149 🇵🇸Palestine Middle East 2 Inception ±0.50
150 🇼🇸Samoa Asia Pacific 2 Inception ±0.43
151 🇸🇱Sierra Leone Africa 2 Inception ±0.50
152 🇸🇷Suriname Americas 2 Inception ±0.43
153 🇹🇯Tajikistan Asia Pacific 2 Inception ±0.50
154 🇹🇬Togo Africa 2 Inception ±0.43
155 🇺🇿Uzbekistan Asia Pacific 2 Inception ±0.71
156 🇻🇺Vanuatu Asia Pacific 2 Inception ±0.83
157 🇿🇼Zimbabwe Africa 2 Inception ±0.43
158 🇧🇹Bhutan Asia Pacific 1 Inception ±0.71
159 🇧🇮Burundi Africa 1 Inception ±0.00
160 🇨🇫Central African Rep. Africa 1 Inception ±0.50
161 🇹🇩Chad Africa 1 Inception ±0.50
162 🇰🇲Comoros Africa 1 Inception ±0.00
163 🇨🇺Cuba Americas 1 Inception ±0.43
164 🇨🇩DR Congo Africa 1 Inception ±0.71
165 🇬🇲Gambia Africa 1 Inception ±0.43
166 🇬🇳Guinea Africa 1 Inception ±0.00
167 🇬🇼Guinea-Bissau Africa 1 Inception ±0.50
168 🇭🇹Haiti Americas 1 Inception ±0.43
169 🇻🇦Holy See Europe 1 Inception ±0.43
170 🇰🇮Kiribati Asia Pacific 1 Inception ±0.50
171 🇱🇸Lesotho Africa 1 Inception ±0.83
172 🇲🇬Madagascar Africa 1 Inception ±0.43
173 🇲🇼Malawi Africa 1 Inception ±0.00
174 🇲🇱Mali Africa 1 Inception ±0.43
175 🇲🇷Mauritania Africa 1 Inception ±0.43
176 🇲🇿Mozambique Africa 1 Inception ±0.43
177 🇲🇲Myanmar Asia Pacific 1 Inception ±0.71
178 🇳🇵Nepal Asia Pacific 1 Inception ±1.09
179 🇳🇪Niger Africa 1 Inception ±0.43
180 🇵🇼Palau Asia Pacific 1 Inception ±0.50
181 🇸🇹São Tomé & Príncipe Africa 1 Inception ±0.43
182 🇸🇧Solomon Islands Asia Pacific 1 Inception ±0.43
183 🇸🇩Sudan Africa 1 Inception ±0.50
184 🇹🇴Tonga Asia Pacific 1 Inception ±0.50
185 🇹🇻Tuvalu Asia Pacific 1 Inception ±0.50
186 🇻🇪Venezuela Americas 1 Inception ±0.83
187 🇦🇫Afghanistan Asia Pacific 0 Inception ±0.43
188 🇪🇷Eritrea Africa 0 Inception ±0.43
189 🇫🇲Micronesia Asia Pacific 0 Inception ±0.43
190 🇳🇷Nauru Asia Pacific 0 Inception ±0.43
191 🇰🇵North Korea Asia Pacific 0 Inception ±0.00
192 🇸🇴Somalia Africa 0 Inception ±0.43
193 🇸🇸South Sudan Africa 0 Inception ±0.00
194 🇸🇾Syria Middle East 0 Inception ±0.43
195 🇹🇱Timor-Leste Asia Pacific 0 Inception ±0.43
196 🇹🇲Turkmenistan Asia Pacific 0 Inception ±0.43
197 🇾🇪Yemen Middle East 0 Inception ±0.43

Others in Sovereign Capital & External Financial Power

CapabilityWorld meanRangeLeader
Official Reserves Management8.71–20Singapore
Sovereign Wealth & Public Asset Management6.20–20Norway, Singapore
Currency Internationalisation & Reserve Status4.00–20United States
Capital Account & Flow Management8.51–19Singapore, Switzerland, United States