Long-Term & Institutional Capital — National Capability Index

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.

pension fund assets to GDP
insurance premium penetration
institutional assets under management

Band spread across 197 nations

Frontier 12

Advanced 9

Established 18

Transitional 28

Foundational 40

Nascent 67

Inception 23

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.

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

Others in Financial System Depth & Access

Capability	World mean	Range	Leader
Banking System Capacity	9.0	1–19	Singapore, United States
Capital Markets Depth & Development	6.7	0–20	United States
Financial Inclusion & Household Access	10.1	1–18	Denmark, Sweden
Development & Policy Finance	7.2	1–19	China, Germany