financial market sophistication - world economic forum€¦ · how would you assess the level of...

3: Data Tables | Financial access

Rank CountRy/eConomy value 1 7

1 Hong Kong SAR .................4.46 2 Israel ..................................4.45 3 Singapore ...........................4.39 4 Sweden ..............................4.38 5 Norway ..............................4.33 6 Bahrain...............................4.27 7 United Arab Emirates .........4.14 8 United States .....................4.10 9 Malaysia .............................4.03 10 Finland ...............................3.91 11 Netherlands ........................3.78 12 United Kingdom .................3.77 13 Panama..............................3.69 14 Saudi Arabia .......................3.69 15 Switzerland ........................3.63 16 Canada ..............................3.63 17 Indonesia ...........................3.56 18 China .................................3.53 19 Belgium ..............................3.53 20 India ...................................3.40 21 Australia .............................3.34 22 Chile ...................................3.21 23 Kenya .................................3.18 24 Germany ............................3.16 25 South Africa .......................3.05 26 Morocco.............................3.02 27 Austria ................................3.01 28 Egypt .................................3.00 29 Kuwait ................................2.97 30 Japan .................................2.96 31 Peru ...................................2.93 32 Jordan ................................2.91 33 Thailand .............................2.90 34 Brazil ..................................2.82 35 Colombia............................2.82 36 Pakistan .............................2.80 37 France ................................2.77 38 Slovak Republic..................2.76 39 Philippines ..........................2.72 40 Mexico ...............................2.62 41 Denmark ............................2.61 42 Nigeria ................................2.53 43 Turkey ................................2.51 44 Spain..................................2.50 45 Romania .............................2.50 46 Tanzania .............................2.44 47 Czech Republic ..................2.41 48 Russian Federation .............2.40 49 Ireland ................................2.38 50 Poland................................2.36 51 Vietnam ..............................2.29 52 Portugal .............................2.28 53 Kazakhstan ........................2.23 54 Ukraine ...............................2.20 55 Venezuela ...........................2.19 56 Korea, Rep. ........................2.19 57 Hungary .............................2.10 58 Ghana ................................2.09 59 Italy ....................................2.03 60 Bangladesh ........................2.01 61 Greece ...............................1.83 62 Argentina ............................1.82


1 United Kingdom .................6.77 2 Switzerland ........................6.71 3 South Africa .......................6.53 4 Canada ..............................6.45 5 Hong Kong SAR .................6.38 6 Singapore ...........................6.35 7 Netherlands ........................6.24 8 Brazil ..................................6.17 9 Australia .............................6.17 10 Panama..............................6.03 11 France ................................5.99 12 Finland ...............................5.98 13 United States .....................5.96 14 Sweden ..............................5.96 15 Norway ..............................5.90 16 Bahrain...............................5.86 17 Belgium ..............................5.79 18 Chile ...................................5.77 19 Germany ............................5.68 20 Denmark ............................5.60 21 Spain..................................5.59 22 Malaysia .............................5.49 23 Israel ..................................5.49 24 Portugal .............................5.48 25 Saudi Arabia .......................5.46 26 United Arab Emirates .........5.40 27 Austria ................................5.38 28 Turkey ................................5.21 29 Japan .................................5.11 30 Thailand .............................5.03 31 Ireland ................................5.02 32 India ...................................4.95 33 Mexico ...............................4.91 34 Czech Republic ..................4.77 35 Hungary .............................4.76 36 Philippines ..........................4.74 37 Morocco.............................4.71 38 Slovak Republic..................4.69 39 Poland................................4.67 40 Peru ...................................4.66 41 Colombia............................4.55 42 Jordan ................................4.52 43 Italy ....................................4.51 44 Korea, Rep. ........................4.39 45 Indonesia ...........................4.38 46 Ghana ................................4.32 47 Kenya .................................4.30 48 Nigeria ................................4.13 49 China .................................4.09 50 Egypt .................................4.02 51 Pakistan .............................3.92 52 Kazakhstan ........................3.88 53 Romania .............................3.86 54 Kuwait ................................3.82 55 Greece ...............................3.81 56 Ukraine ...............................3.63 57 Russian Federation .............3.56 58 Venezuela ...........................3.42 59 Tanzania .............................3.25 60 Bangladesh ........................3.19 61 Vietnam ..............................3.15 62 Argentina ............................3.09

SouRCe: World Economic Forum, Executive Opinion Survey, 2011–2012 SouRCe: World Economic Forum, Executive Opinion Survey, 2011–2012

In your country, how easy is it for entrepreneurs with innovative but

risky projects to find venture capital? (1 = Very difficult; 7 = Very easy) |

2011–2012 weighted average

Venture capital availability

7.02

How would you assess the level of sophistication of financial markets

in your country? (1 = Poor by international standards; 7 = Excellent by

international standards) | 2011–2012 weighted average

Financial market sophistication

7.01

mean4.99 mean3.02

378 | The Financial Development Report 2012



1 Hong Kong SAR .................5.01 2 Singapore ...........................4.86 3 Panama..............................4.78 4 Finland ...............................4.77 5 Malaysia .............................4.73 6 Bahrain...............................4.70 7 United Arab Emirates .........4.70 8 Norway ..............................4.67 9 Sweden ..............................4.58 10 Chile ...................................4.55 11 Peru ...................................4.49 12 Brazil ..................................4.45 13 Indonesia ...........................4.41 14 Kenya .................................4.37 15 Turkey ................................4.25 16 India ...................................4.22 17 Saudi Arabia .......................4.21 18 Canada ..............................4.19 19 Thailand .............................4.19 20 Japan .................................4.18 21 South Africa .......................4.17 22 Germany ............................4.14 23 United States .....................4.11 24 Switzerland ........................4.11 25 Philippines ..........................4.10 26 China .................................4.01 27 Austria ................................3.99 28 Israel ..................................3.91 29 Colombia............................3.81 30 Morocco.............................3.78 31 Australia .............................3.75 32 Slovak Republic..................3.75 33 Belgium ..............................3.74 34 Mexico ...............................3.68 35 Jordan ................................3.61 36 United Kingdom .................3.60 37 Egypt .................................3.59 38 Netherlands ........................3.55 39 Poland................................3.46 40 Bangladesh ........................3.46 41 Kuwait ................................3.39 42 Denmark ............................3.34 43 Pakistan .............................3.33 44 Venezuela ...........................3.32 45 Czech Republic ..................3.29 46 Tanzania .............................3.27 47 Vietnam ..............................3.25 48 Ghana ................................3.17 49 Korea, Rep. ........................3.17 50 Russian Federation .............3.16 51 Romania .............................3.08 52 Nigeria ................................3.06 53 Italy ....................................2.94 54 France ................................2.93 55 Kazakhstan ........................2.76 56 Argentina ............................2.76 57 Hungary .............................2.61 58 Portugal .............................2.37 59 Ukraine ...............................2.36 60 Ireland ................................2.28 61 Spain..................................1.97 62 Greece ...............................1.72

SouRCe: World Economic Forum, Executive Opinion Survey, 2011–2012SouRCe: World Economic Forum, Executive Opinion Survey, 2011–2012


1 Hong Kong SAR .................5.72 2 South Africa .......................5.44 3 Singapore ...........................5.08 4 Norway ..............................5.02 5 United Kingdom .................4.96 6 Malaysia .............................4.90 7 Canada ..............................4.86 8 Sweden ..............................4.84 9 France ................................4.72 10 Australia .............................4.72 11 Saudi Arabia .......................4.70 12 Switzerland ........................4.67 13 Chile ...................................4.64 14 Japan .................................4.64 15 United States .....................4.61 16 India ...................................4.60 17 Finland ...............................4.55 18 Bahrain...............................4.51 19 Netherlands ........................4.45 20 Kenya .................................4.45 21 Thailand .............................4.43 22 United Arab Emirates .........4.43 23 Indonesia ...........................4.36 24 Morocco.............................4.35 25 Turkey ................................4.34 26 Germany ............................4.32 27 Panama..............................4.29 28 Israel ..................................4.24 29 Philippines ..........................4.18 30 Egypt .................................4.15 31 Belgium ..............................4.07 32 Brazil ..................................4.06 33 Ghana ................................4.03 34 Bangladesh ........................4.02 35 Jordan ................................3.90 36 China .................................3.89 37 Nigeria ................................3.78 38 Colombia............................3.78 39 Austria ................................3.77 40 Pakistan .............................3.77 41 Denmark ............................3.75 42 Kuwait ................................3.74 43 Poland................................3.73 44 Mexico ...............................3.58 45 Peru ...................................3.57 46 Korea, Rep. ........................3.46 47 Vietnam ..............................3.42 48 Italy ....................................3.41 49 Tanzania .............................3.36 50 Czech Republic ..................3.28 51 Romania .............................3.26 52 Ireland ................................3.06 53 Spain..................................3.04 54 Portugal .............................3.04 55 Russian Federation .............3.01 56 Kazakhstan ........................2.80 57 Hungary .............................2.69 58 Slovak Republic..................2.62 59 Greece ...............................2.48 60 Argentina ............................2.47 61 Ukraine ...............................2.29 62 Venezuela ...........................1.80

How easy is it to raise money by issuing shares on the stock market in

your country? (1 = Very difficult; 7 = Very easy) | 2011–2012 weighted

average

Financing through local equity market

7.04

During the past year, has it become easier or more difficult to obtain credit

for companies in your country? (1 = Much more difficult; 7 = Much easier)

| 2011–2012 weighted average

Ease of access to credit

7.03

mean3.71 mean3.97

The Financial Development Report 2012 | 379


Rank CountRy/eConomy value

1 Hong Kong SAR ...............34.18 2 Singapore .........................24.63 3 Belgium ............................17.36 4 Panama..............................9.13 5 Ghana ................................8.67 6 Kazakhstan ........................7.24 7 Chile ...................................6.96 8 Vietnam ..............................6.05 9 Ireland ................................6.02 10 Jordan ................................5.03 11 Peru ...................................4.74 12 Tanzania .............................4.69 13 Israel ..................................4.68 14 Denmark ............................4.43 15 Ukraine ...............................4.37 16 Portugal .............................4.33 17 Malaysia .............................4.29 18 Colombia............................4.03 19 Nigeria ................................3.73 20 Austria ................................3.37 21 Hungary .............................3.35 22 Bahrain...............................2.99 23 Poland................................2.95 24 Russian Federation .............2.86 25 Saudi Arabia .......................2.84 26 Australia .............................2.78 27 Thailand .............................2.77 28 Brazil ..................................2.67 29 Morocco.............................2.54 30 Czech Republic ..................2.51 31 Canada ..............................2.36 32 Sweden ..............................2.25 33 Indonesia ...........................2.24 34 United Kingdom .................2.23 35 Slovak Republic..................2.23 36 United Arab Emirates .........2.13 37 Turkey ................................2.04 38 Netherlands ........................2.04 39 Spain..................................1.97 40 India ...................................1.88 41 China .................................1.70 42 Mexico ...............................1.69 43 Venezuela ...........................1.68 44 Argentina ............................1.62 45 United States .....................1.50 46 France ................................1.47 47 South Africa .......................1.42 48 Romania .............................1.41 49 Italy ....................................1.32 50 Germany ............................1.13 51 Bangladesh ........................1.01 52 Kenya .................................0.96 53 Norway ..............................0.74 54 Pakistan .............................0.63 55 Greece ...............................0.60 56 Philippines ..........................0.59 57 Korea, Rep. ........................0.42 58 Kuwait ................................0.23 59 Finland ...............................0.02 60 Japan ............................... -0.03 61 Switzerland ...................... -0.03 62 Egypt ............................... -0.20

SouRCe: United Nations Conference on Trade and Development, “Inward and Outward Foreign Direct Investment Flows, Annual, 1970–2011”; GDP data from IMF, World Economic Outlook Database, April 2012

This variable is comprised of equity capital, reinvested earnings, and intra-

company loans | 2011

Foreign direct investment to GDP

7.06

How easy is it to obtain a bank loan in your country with only a good

business plan and no collateral? (1 = Very difficult; 7 = Very easy) |

2011–2012 weighted average

Ease of access to loans

7.05

SouRCe: World Economic Forum, Executive Opinion Survey, 2011–2012


1 Bahrain...............................4.80 2 Singapore ...........................4.68 3 Sweden ..............................4.56 4 United Arab Emirates .........4.49 5 Norway ..............................4.45 6 Hong Kong SAR .................4.44 7 Malaysia .............................4.41 8 Finland ...............................4.41 9 Panama..............................4.14 10 Saudi Arabia .......................4.07 11 Indonesia ...........................3.91 12 Canada ..............................3.78 13 Belgium ..............................3.78 14 United States .....................3.76 15 Chile ...................................3.74 16 Netherlands ........................3.74 17 Australia .............................3.68 18 Switzerland ........................3.67 19 Kenya .................................3.65 20 Peru ...................................3.64 21 Thailand .............................3.55 22 South Africa .......................3.50 23 Israel ..................................3.41 24 India ...................................3.33 25 Austria ................................3.21 26 Germany ............................3.17 27 Jordan ................................3.16 28 Philippines ..........................3.15 29 United Kingdom .................3.14 30 China .................................3.13 31 Brazil ..................................3.11 32 Kuwait ................................3.10 33 Colombia............................3.09 34 Denmark ............................3.09 35 Japan .................................3.05 36 Slovak Republic..................2.98 37 Morocco.............................2.98 38 France ................................2.97 39 Turkey ................................2.97 40 Pakistan .............................2.88 41 Czech Republic ..................2.88 42 Romania .............................2.70 43 Mexico ...............................2.63 44 Egypt .................................2.63 45 Russian Federation .............2.61 46 Poland................................2.55 47 Venezuela ...........................2.51 48 Bangladesh ........................2.40 49 Tanzania .............................2.40 50 Vietnam ..............................2.36 51 Ukraine ...............................2.31 52 Portugal .............................2.30 53 Kazakhstan ........................2.28 54 Hungary .............................2.25 55 Korea, Rep. ........................2.23 56 Nigeria ................................2.14 57 Spain..................................2.05 58 Ghana ................................2.03 59 Italy ....................................1.98 60 Ireland ................................1.83 61 Greece ...............................1.71 62 Argentina ............................1.69

mean3.15




1 Portugal ...........................75.91 2 Italy ..................................66.86 3 Peru .................................49.51 4 Belgium 1 ..........................47.96 5 Poland..............................45.83 6 France ..............................43.11 7 Greece .............................41.18 8 Denmark ..........................41.13 9 Spain................................39.31 10 United States ...................35.74 11 Japan ...............................33.97 12 Romania ...........................33.16 13 Australia ...........................31.61 14 Ireland ..............................28.63 15 Slovak Republic................26.50 16 United Kingdom 1 .............25.51 17 Canada ............................24.25 18 Hong Kong SAR ...............23.61 19 Netherlands ......................23.21 20 Czech Republic ................22.53 21 United Arab Emirates 1 .....21.73 22 Morocco...........................20.98 23 Israel ................................19.99 24 Korea, Rep. ......................18.63 25 Jordan 1 ...........................18.08 26 Chile .................................17.59 27 Germany ..........................17.58 28 Turkey 1 ............................17.38 29 Hungary ...........................16.62 30 Finland .............................15.60 31 Mexico .............................15.22 32 Brazil ................................13.76 33 Argentina ..........................13.28 34 Austria ..............................11.39 35 Thailand ...........................11.16 36 India .................................10.91 37 Malaysia ...........................10.48 38 Singapore .........................10.28 39 South Africa .....................10.10 40 Saudi Arabia 1 ....................8.97 41 Pakistan .............................8.76 42 Indonesia ...........................8.32 43 Philippines ..........................7.69 44 Norway ..............................7.64 45 Bangladesh ........................6.89 46 Russian Federation .............5.65 47 Ghana 1 ..............................4.99 48 Kenya 1 ..............................4.41 49 Kazakhstan ........................3.33 50 Vietnam ..............................3.33 51 Ukraine ...............................2.31 52 Tanzania 1 ...........................1.81 n/a Bahrain.................................n/a n/a China ...................................n/a n/a Colombia..............................n/a n/a Egypt ...................................n/a n/a Kuwait ..................................n/a n/a Nigeria ..................................n/a n/a Panama................................n/a n/a Sweden ................................n/a n/a Switzerland ..........................n/a n/a Venezuela .............................n/a


1 Denmark ..........................99.74 2 Finland .............................99.65 3 Australia ...........................99.06 4 Sweden ............................98.99 5 Netherlands ......................98.66 6 Singapore .........................98.22 7 Germany ..........................98.13 8 United Kingdom ...............97.20 9 Austria ..............................97.08 10 France ..............................96.98 11 Japan ...............................96.42 12 Belgium ............................96.31 13 Canada ............................95.80 14 Ireland ..............................93.89 15 Spain................................93.28 16 Korea, Rep. ......................93.05 17 Israel ................................90.47 18 Hong Kong SAR ...............88.69 19 United States ...................87.96 20 Kuwait ..............................86.77 21 Portugal ...........................81.23 22 Czech Republic ................80.65 23 Slovak Republic................79.58 24 Greece .............................77.94 25 Hungary ...........................72.67 26 Thailand ...........................72.67 27 Italy ..................................71.01 28 Poland..............................70.19 29 Malaysia ...........................66.17 30 Bahrain.............................64.51 31 China ...............................63.82 32 United Arab Emirates .......59.73 33 Turkey ..............................57.60 34 Brazil ................................55.86 35 South Africa .....................53.65 36 Russian Federation ...........48.18 37 Saudi Arabia .....................46.42 38 Romania ...........................44.59 39 Venezuela .........................44.12 40 Kenya ...............................42.34 41 Chile .................................42.18 42 Kazakhstan ......................42.11 43 Ukraine .............................41.27 44 Bangladesh ......................39.55 45 Morocco...........................39.07 46 India .................................35.23 47 Argentina ..........................33.13 48 Colombia..........................30.43 49 Nigeria ..............................29.67 50 Ghana ..............................29.43 51 Mexico .............................27.43 52 Philippines ........................26.56 53 Jordan ..............................25.47 54 Panama............................24.93 55 Vietnam ............................21.37 56 Peru .................................20.46 57 Indonesia .........................19.58 58 Tanzania ...........................17.26 59 Pakistan ...........................10.31 60 Egypt .................................9.72 n/a Norway ................................n/a n/a Switzerland ..........................n/a

SouRCe: IMF, Financial Access Survey, 2011

1 2009

SouRCe: Demirguc-Kunt, A. and L. Klapper. 2012. “Measuring Financial Inclusion: The Global Findex Database.” World Bank Policy Research Working Paper 6025. Washington DC: The World Bank

Commercial bank branches

7.08

This is the number of commercial bank branches per

100,000 adults | 2010

This is the percent of the population (15 years or older) with an account at

a formal financial institution | 2011

Market penetration of bank accounts

7.07




1 Netherlands ......................97.61 2 Sweden ............................95.50 3 Denmark ..........................90.13 4 Finland .............................89.32 5 Germany ..........................88.02 6 Canada ............................87.96 7 United Kingdom ...............87.58 8 Austria ..............................86.77 9 Belgium ............................85.76 10 Kuwait ..............................83.88 11 Australia ...........................79.05 12 Hong Kong SAR ...............75.77 13 United States ...................71.77 14 Ireland ..............................70.47 15 France ..............................69.25 16 Slovak Republic................68.27 17 Portugal ...........................68.16 18 Hungary ...........................62.40 19 Bahrain.............................62.20 20 Spain................................62.18 21 Czech Republic ................61.02 22 Korea, Rep. ......................57.91 23 Turkey ..............................56.64 24 United Arab Emirates .......55.41 25 South Africa .....................45.33 26 Thailand ...........................43.10 27 Saudi Arabia .....................42.31 28 Brazil ................................41.18 29 China ...............................41.02 30 Poland..............................37.34 31 Russian Federation ...........36.96 32 Italy ..................................35.18 33 Venezuela .........................35.08 34 Greece .............................33.95 35 Ukraine .............................33.57 36 Kazakhstan ......................31.32 37 Kenya ...............................29.94 38 Argentina ..........................29.85 39 Singapore .........................28.63 40 Romania ...........................27.71 41 Chile .................................25.77 42 Malaysia ...........................23.13 43 Colombia..........................22.69 44 Morocco...........................22.39 45 Mexico .............................22.28 46 Nigeria ..............................18.56 47 Jordan ..............................14.72 48 Vietnam ............................14.59 49 Peru .................................14.13 50 Philippines ........................13.16 51 Japan ...............................12.96 52 Tanzania ...........................12.04 53 Ghana ..............................11.40 54 Panama............................11.28 55 Indonesia .........................10.54 56 India ...................................8.40 57 Israel ..................................7.46 58 Egypt .................................5.11 59 Pakistan .............................2.87 60 Bangladesh ........................2.28 n/a Norway ................................n/a n/a Switzerland ..........................n/a


1 Korea, Rep. 1 ..................250.29 2 Canada ..........................220.02 3 Portugal .........................197.05 4 United States 1 ...............173.75 5 Australia .........................162.38 6 Spain..............................151.87 7 Japan 1 ...........................132.96 8 Russian Federation .........128.39 9 Brazil ..............................120.62 10 Germany 1 ......................116.80 11 Israel ..............................110.54 12 France ............................110.07 13 Italy ..................................98.56 14 Switzerland ......................97.47 15 United Arab Emirates 1 .....96.81 16 Ireland ..............................92.47 17 Finland 1 ...........................91.72 18 Belgium 1 ..........................86.37 19 Thailand ...........................77.69 20 Greece .............................76.72 21 Ukraine .............................76.13 22 United Kingdom 1 .............64.58 23 Denmark ..........................63.55 24 Kazakhstan ......................62.75 25 Chile .................................62.51 26 South Africa .....................59.58 27 Singapore .........................58.57 28 Netherlands ......................58.27 29 Saudi Arabia 1 ..................57.97 30 Hungary ...........................56.73 31 Malaysia ...........................56.18 32 Norway ............................56.07 33 Romania ...........................55.48 34 Poland..............................52.10 35 Slovak Republic 1 .............50.38 36 Austria 1 ...........................48.16 37 Mexico .............................47.29 38 Turkey 1 ............................43.74 39 Argentina ..........................42.45 40 Czech Republic ................41.65 41 Peru .................................25.21 42 Vietnam ............................17.64 43 Philippines ........................14.88 44 Indonesia .........................13.37 45 Kenya 1 ..............................7.27 46 Pakistan .............................4.40 47 Tanzania 1 ...........................3.30 48 Bangladesh ........................1.93 n/a Bahrain.................................n/a n/a China ...................................n/a n/a Colombia..............................n/a n/a Egypt ...................................n/a n/a Ghana ..................................n/a n/a Hong Kong SAR ...................n/a n/a India .....................................n/a n/a Jordan ..................................n/a n/a Kuwait ..................................n/a n/a Morocco...............................n/a n/a Nigeria ..................................n/a n/a Panama................................n/a n/a Sweden ................................n/a n/a Venezuela .............................n/a


SouRCe: IMF, Financial Access Survey, 2011

1 2009

This is the percent of respondents with a debit card | 2011

Debit card penetration

7.10

This is the total number of ATMs per 100,000 adults | 2010

Total number of ATMs

7.09




1 Finland .............................23.88 2 Sweden ............................23.40 3 Bangladesh ......................23.33 4 Bahrain.............................21.87 5 Kuwait ..............................20.80 6 Canada ............................20.30 7 United States ...................20.14 8 Thailand ...........................19.40 9 Denmark ..........................18.80 10 France ..............................18.65 11 Australia ...........................16.98 12 Israel ................................16.72 13 Korea, Rep. ......................16.58 14 Vietnam ............................16.18 15 Ireland ..............................15.72 16 Kazakhstan ......................13.07 17 Peru .................................12.75 18 Netherlands ......................12.56 19 Germany ..........................12.55 20 Colombia..........................11.95 21 United Kingdom ...............11.85 22 Spain................................11.43 23 Slovak Republic................11.43 24 Malaysia ...........................11.20 25 United Arab Emirates .......10.78 26 Philippines ........................10.51 27 Belgium ............................10.51 28 Singapore ...........................9.99 29 Panama..............................9.76 30 Kenya .................................9.74 31 Poland................................9.61 32 Czech Republic ..................9.47 33 Hungary .............................9.40 34 South Africa .......................8.87 35 Indonesia ...........................8.55 36 Romania .............................8.37 37 Portugal .............................8.26 38 Austria ................................8.25 39 Ukraine ...............................8.15 40 Greece ...............................7.93 41 Hong Kong SAR .................7.93 42 Chile ...................................7.78 43 India ...................................7.70 44 Russian Federation .............7.69 45 Mexico ...............................7.56 46 China .................................7.26 47 Tanzania .............................6.61 48 Argentina ............................6.59 49 Brazil ..................................6.33 50 Japan .................................6.10 51 Ghana ................................5.75 52 Italy ....................................4.59 53 Turkey ................................4.55 54 Jordan ................................4.47 55 Morocco.............................4.30 56 Egypt .................................3.65 57 Saudi Arabia .......................2.14 58 Nigeria ................................2.06 59 Venezuela ...........................1.73 60 Pakistan .............................1.57 n/a Norway ................................n/a n/a Switzerland ..........................n/a


1 Peru ...............................121.19 2 Vietnam ..........................100.50 3 Mexico .............................52.67 4 Colombia..........................50.34 5 Bangladesh ......................45.99 6 Philippines ........................32.22 7 India .................................21.41 8 Chile .................................15.16 9 Pakistan ...........................10.91 10 Ghana ..............................10.90 11 Morocco...........................10.43 12 Brazil ................................10.30 13 Kenya ...............................10.07 14 Jordan ................................6.14 15 Tanzania .............................5.72 16 Kazakhstan ........................4.62 17 Nigeria ................................4.43 18 Panama..............................4.14 19 Egypt .................................2.50 20 Romania .............................1.93 21 Indonesia ...........................1.87 22 Venezuela ...........................1.51 23 Argentina ............................0.96 24 Russian Federation .............0.73 25 Poland................................0.36 26 China .................................0.13 27 South Africa .......................0.08 n/a Australia ...............................n/a n/a Austria ..................................n/a n/a Bahrain.................................n/a n/a Belgium ................................n/a n/a Canada ................................n/a n/a Czech Republic ....................n/a n/a Denmark ..............................n/a n/a Finland .................................n/a n/a France ..................................n/a n/a Germany ..............................n/a n/a Greece .................................n/a n/a Hong Kong SAR ...................n/a n/a Hungary ...............................n/a n/a Ireland ..................................n/a n/a Israel ....................................n/a n/a Italy ......................................n/a n/a Japan ...................................n/a n/a Korea, Rep. ..........................n/a n/a Kuwait ..................................n/a n/a Malaysia ...............................n/a n/a Netherlands ..........................n/a n/a Norway ................................n/a n/a Portugal ...............................n/a n/a Saudi Arabia .........................n/a n/a Singapore .............................n/a n/a Slovak Republic....................n/a n/a Spain....................................n/a n/a Sweden ................................n/a n/a Switzerland ..........................n/a n/a Thailand ...............................n/a n/a Turkey ..................................n/a n/a Ukraine .................................n/a n/a United Arab Emirates ...........n/a n/a United Kingdom ...................n/a n/a United States .......................n/a

This variable indicates the total number of active borrowers from

microfinance institutions (MFIs) per 1,000 adults | 2011

Loan accounts at MFIs

7.11


This is the percent of respondents who have borrowed from a financial

institution in the past year | 2011

Loan from a financial institution

7.12

SouRCe: Microfinance Information Exchange, Inc. (MIX) (data retrieved August 2012)


financial market sophistication - world economic forum€¦ · how would you assess the level of...

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