Regulation financial markets by country
Countries reporting
150
Highest
8.81
Malawi
Lowest
-1.18
Equatorial Guinea
Median
1.85
Years covered
25
2001–2025
Data points
2,289
What the numbers show
Regulation financial markets is currently reported for 150 countries. The highest value is 8.81 in Malawi; the lowest is -1.18 in Equatorial Guinea.
The median across all reporting countries is 1.85, and the mean is 2.27.
The gap between the highest and lowest reporting country is a factor of about 7.
Over the past decade 102 countries rose and 44 fell. The largest increase was in Austria (up 3,200.0%), and the largest decrease in Equatorial Guinea (down 173.8%).
Regulation financial markets: full country ranking
| # | Country | Latest | Year | 10-year change | Trend |
|---|---|---|---|---|---|
| 1 | Malawi | 8.81 | 2023 | up 60.2% | rising |
| 2 | Ukraine | 5.9 | 2024 | up 239.2% | volatile |
| 3 | Argentina | 5.6 | 2024 | down 8.3% | rising |
| 4 | Solomon Islands | 5.38 | 2024 | up 62.0% | falling |
| 5 | Kazakhstan | 5.28 | 2024 | up 94.8% | volatile |
| 6 | Rwanda | 5.23 | 2024 | up 88.1% | rising |
| 7 | Guinea | 5.16 | 2024 | up 79.8% | rising |
| 8 | Zambia | 5.12 | 2024 | up 42.2% | volatile |
| 9 | Iraq | 5.05 | 2024 | up 591.8% | volatile |
| 10 | Ghana | 5.04 | 2024 | down 17.2% | rising |
| 11 | Maldives | 4.92 | 2024 | down 14.9% | falling |
| 12 | Kyrgyzstan | 4.81 | 2024 | up 67.6% | volatile |
| 13 | Gambia | 4.67 | 2022 | up 145.8% | falling |
| 14 | Madagascar | 4.52 | 2024 | up 7.9% | falling |
| 15 | Armenia | 4.28 | 2024 | up 328.0% | volatile |
| 16 | Kenya | 4.23 | 2024 | down 9.0% | falling |
| 17 | Uganda | 4.15 | 2024 | up 15.9% | falling |
| 18 | Papua New Guinea | 4.04 | 2023 | down 39.7% | falling |
| 19 | Georgia | 3.92 | 2025 | up 55.6% | volatile |
| 20 | Botswana | 3.85 | 2024 | up 35.1% | falling |
| 21 | Democratic Republic of Congo | 3.78 | 2025 | up 175.9% | volatile |
| 22 | Uruguay | 3.74 | 2024 | up 156.2% | rising |
| 23 | Belarus | 3.53 | 2024 | up 68.1% | rising |
| 24 | Nigeria | 3.5 | 2024 | up 41.1% | volatile |
| 24 | Tanzania | 3.5 | 2022 | up 19.0% | falling |
| 26 | Eswatini | 3.38 | 2024 | down 14.9% | falling |
| 27 | Nicaragua | 3.37 | 2024 | up 12.3% | rising |
| 28 | Angola | 3.32 | 2024 | up 281.6% | volatile |
| 28 | Sri Lanka | 3.32 | 2024 | up 42.5% | falling |
| 30 | Mozambique | 3.31 | 2024 | up 19.9% | rising |
| 31 | Namibia | 3.29 | 2024 | down 3.5% | falling |
| 32 | Lesotho | 3.22 | 2024 | down 24.8% | falling |
| 33 | Gabon | 3.16 | 2023 | up 84.8% | rising |
| 34 | Congo | 3.08 | 2023 | up 35.1% | falling |
| 35 | Seychelles | 3.07 | 2024 | up 33.5% | falling |
| 36 | Samoa | 3.04 | 2024 | up 55.1% | rising |
| 37 | Micronesia (country) | 3.01 | 2024 | up 490.2% | volatile |
| 38 | Belize | 2.97 | 2024 | up 8.0% | falling |
| 39 | Ethiopia | 2.88 | 2021 | — | falling |
| 40 | Moldova | 2.81 | 2024 | up 138.1% | volatile |
| 41 | Russia | 2.8 | 2023 | up 49.7% | volatile |
| 42 | Turkey | 2.78 | 2024 | up 64.5% | flat |
| 43 | Mexico | 2.77 | 2024 | up 62.0% | rising |
| 44 | Montenegro | 2.71 | 2024 | up 230.5% | volatile |
| 45 | Indonesia | 2.69 | 2024 | down 0.7% | falling |
| 46 | Pakistan | 2.67 | 2024 | up 20.3% | rising |
| 47 | Mongolia | 2.66 | 2025 | up 254.7% | volatile |
| 47 | Trinidad and Tobago | 2.66 | 2024 | up 48.6% | volatile |
| 49 | Mauritius | 2.59 | 2024 | up 82.4% | rising |
| 50 | North Macedonia | 2.58 | 2024 | up 177.4% | rising |
| 50 | Tonga | 2.58 | 2025 | down 13.7% | falling |
| 52 | Dominican Republic | 2.53 | 2025 | up 31.1% | rising |
| 52 | Estonia | 2.53 | 2024 | up 52.4% | volatile |
| 54 | Burundi | 2.46 | 2017 | down 32.2% | volatile |
| 54 | Paraguay | 2.46 | 2025 | unchanged | falling |
| 56 | Cameroon | 2.45 | 2023 | down 34.7% | rising |
| 57 | Latvia | 2.43 | 2024 | up 113.2% | volatile |
| 58 | Hungary | 2.41 | 2024 | up 208.6% | volatile |
| 59 | Bhutan | 2.37 | 2024 | down 16.8% | falling |
| 60 | Peru | 2.36 | 2024 | down 11.6% | falling |
| 61 | Bulgaria | 2.33 | 2024 | up 174.1% | rising |
| 61 | Cyprus | 2.33 | 2024 | up 464.1% | volatile |
| 63 | Croatia | 2.27 | 2024 | up 254.7% | volatile |
| 64 | Iceland | 2.26 | 2024 | down 31.3% | falling |
| 65 | Bosnia and Herzegovina | 2.25 | 2024 | up 192.2% | volatile |
| 66 | Saudi Arabia | 2.22 | 2024 | up 10.4% | flat |
| 67 | Albania | 2.17 | 2024 | up 97.3% | rising |
| 68 | United Arab Emirates | 2.16 | 2024 | up 14.9% | rising |
| 69 | South Africa | 2.1 | 2024 | up 43.8% | rising |
| 70 | Colombia | 2.08 | 2025 | down 12.2% | falling |
| 71 | Slovenia | 2.06 | 2024 | up 1,311.8% | volatile |
| 72 | Panama | 2.02 | 2025 | up 32.0% | falling |
| 73 | Lithuania | 1.97 | 2024 | up 55.1% | volatile |
| 74 | Jordan | 1.95 | 2024 | up 14.0% | falling |
| 75 | Portugal | 1.9 | 2024 | up 240.7% | volatile |
| 76 | Israel | 1.81 | 2024 | up 120.7% | rising |
| 76 | Kuwait | 1.81 | 2025 | up 46.0% | rising |
| 78 | Poland | 1.8 | 2025 | up 122.2% | flat |
| 79 | Brazil | 1.77 | 2024 | up 12.7% | falling |
| 79 | El Salvador | 1.77 | 2024 | down 5.3% | rising |
| 81 | India | 1.76 | 2024 | up 70.9% | rising |
| 81 | Anguilla | 1.76 | 2024 | up 203.4% | volatile |
| 83 | Djibouti | 1.75 | 2024 | up 108.3% | rising |
| 83 | Philippines | 1.75 | 2024 | up 10.1% | flat |
| 85 | Curacao | 1.74 | 2024 | down 42.6% | falling |
| 86 | Barbados | 1.7 | 2022 | down 11.0% | volatile |
| 86 | Honduras | 1.7 | 2025 | down 11.0% | falling |
| 88 | Chile | 1.69 | 2024 | up 3.7% | falling |
| 89 | Romania | 1.68 | 2024 | up 227.3% | volatile |
| 90 | Greece | 1.67 | 2024 | up 181.1% | volatile |
| 91 | Malta | 1.65 | 2024 | up 50.0% | falling |
| 92 | Fiji | 1.62 | 2021 | down 41.3% | falling |
| 93 | Saint Lucia | 1.61 | 2024 | up 387.9% | volatile |
| 94 | Morocco | 1.57 | 2024 | down 1.9% | falling |
| 95 | Montserrat | 1.53 | 2024 | up 565.2% | volatile |
| 96 | Ecuador | 1.51 | 2025 | up 7.1% | falling |
| 97 | Algeria | 1.5 | 2024 | up 211.1% | volatile |
| 98 | Brunei | 1.49 | 2022 | up 140.3% | rising |
| 99 | Malaysia | 1.45 | 2024 | down 3.3% | falling |
| 99 | Slovakia | 1.45 | 2024 | up 18.9% | flat |
| 101 | Costa Rica | 1.44 | 2024 | down 10.0% | falling |
| 102 | Vietnam | 1.43 | 2024 | up 217.8% | volatile |
| 103 | Italy | 1.42 | 2024 | up 810.0% | volatile |
| 103 | Sweden | 1.42 | 2024 | up 89.3% | rising |
| 105 | Antigua and Barbuda | 1.41 | 2024 | up 11.9% | falling |
| 106 | Czechia | 1.4 | 2024 | down 5.4% | volatile |
| 107 | Chad | 1.37 | 2023 | down 52.1% | volatile |
| 107 | Uzbekistan | 1.37 | 2024 | down 27.1% | rising |
| 109 | Saint Vincent and the Grenadines | 1.36 | 2024 | up 72.2% | volatile |
| 110 | Guatemala | 1.35 | 2025 | down 14.0% | falling |
| 110 | Thailand | 1.35 | 2024 | down 21.1% | flat |
| 110 | United States | 1.35 | 2024 | down 7.5% | rising |
| 113 | Bolivia | 1.32 | 2024 | down 35.9% | falling |
| 113 | Ireland | 1.32 | 2024 | up 50.0% | volatile |
| 113 | Singapore | 1.32 | 2019 | up 5.6% | rising |
| 116 | Spain | 1.3 | 2024 | up 49.4% | volatile |
| 116 | Nepal | 1.3 | 2024 | down 49.4% | falling |
| 118 | Finland | 1.29 | 2024 | up 143.4% | rising |
| 119 | Austria | 1.24 | 2024 | up 3,200.0% | volatile |
| 120 | Norway | 1.21 | 2024 | up 8.0% | rising |
| 121 | Bangladesh | 1.19 | 2024 | down 19.0% | falling |
| 121 | Hong Kong | 1.19 | 2024 | up 21.4% | rising |
| 123 | Cambodia | 1.16 | 2024 | down 59.7% | falling |
| 123 | Luxembourg | 1.16 | 2024 | up 63.4% | rising |
| 125 | Grenada | 1.15 | 2024 | down 24.3% | falling |
| 126 | Tajikistan | 1.11 | 2021 | up 640.0% | volatile |
| 127 | Dominica | 1.08 | 2024 | up 980.0% | volatile |
| 127 | Palestine | 1.08 | 2023 | down 42.9% | falling |
| 129 | Saint Kitts and Nevis | 1.05 | 2024 | up 34.6% | volatile |
| 130 | Denmark | 1.04 | 2024 | up 1,255.6% | volatile |
| 131 | Belgium | 1.01 | 2024 | up 46.4% | volatile |
| 132 | Australia | 0.94 | 2024 | down 28.8% | falling |
| 133 | San Marino | 0.91 | 2025 | up 138.9% | volatile |
| 134 | Netherlands | 0.86 | 2025 | up 48.3% | volatile |
| 135 | Canada | 0.81 | 2024 | down 26.4% | flat |
| 136 | South Korea | 0.77 | 2023 | up 133.3% | flat |
| 137 | Lebanon | 0.71 | 2019 | down 44.1% | falling |
| 138 | United Kingdom | 0.69 | 2024 | up 392.9% | volatile |
| 139 | Liechtenstein | 0.66 | 2024 | — | rising |
| 140 | Sint Maarten (Dutch part) | 0.65 | 2022 | — | volatile |
| 141 | Switzerland | 0.63 | 2024 | up 85.3% | volatile |
| 141 | China | 0.63 | 2024 | down 48.8% | falling |
| 143 | Central African Republic | 0.62 | 2023 | up 143.7% | volatile |
| 144 | Germany | 0.58 | 2024 | up 100.0% | volatile |
| 144 | Somalia | 0.58 | 2024 | down 42.6% | volatile |
| 146 | France | 0.55 | 2024 | up 139.1% | rising |
| 147 | Vanuatu | 0.48 | 2017 | down 81.5% | volatile |
| 148 | Comoros | 0.47 | 2022 | up 190.4% | volatile |
| 149 | Macao | 0.16 | 2024 | down 84.0% | falling |
| 150 | Equatorial Guinea | -1.18 | 2023 | down 173.8% | volatile |