Page 1


2015/16 2015/16

THE LITTLE DATA BOOK ON FINANCIAL DEVELOPMENT

THE LITTLE DATA BOOK ON FINANCIAL DEVELOPMENT


© 2015 International Bank for Reconstruction and Development / The World Bank 1818 H Street NW, Washington, DC 20433 Telephone: 202-473-1000; Internet: www.worldbank.org Some rights reserved 1 2 3 4 18 17 16 15 This work is a product of the staff of The World Bank with external contributions. The findings, interpretations, and conclusions expressed in this work do not necessarily reflect the views of The World Bank, its Board of Executive Directors, or the governments they represent. The World Bank does not guarantee the accuracy of the data included in this work. The boundaries, colors, denominations, and other information shown on any map in this work do not imply any judgment on the part of The World Bank concerning the legal status of any territory or the endorsement or acceptance of such boundaries. Nothing herein shall constitute or be considered to be a limitation upon or waiver of the privileges and immunities of The World Bank, all of which are specifically reserved. Rights and Permissions

This work is available under the Creative Commons Attribution 3.0 IGO license (CC BY 3.0 IGO) http://creativecommons.org/licenses/by/3.0/igo. Under the Creative Commons Attribution license, you are free to copy, distribute, transmit, and adapt this work, including for commercial purposes, under the following conditions: Attribution—Please cite the work as follows: World Bank. 2015. The Little Data Book on Financial Development 2015/2016. Washington, DC: World Bank. doi:10.1596/978-14648-0554-7. License: Creative Commons Attribution CC BY 3.0 IGO Translations—If you create a translation of this work, please add the following disclaimer along with the attribution: This translation was not created by The World Bank and should not be considered an official World Bank translation. The World Bank shall not be liable for any content or error in this translation. Adaptations—If you create an adaptation of this work, please add the following disclaimer along with the attribution: This is an adaptation of an original work by The World Bank. Views and opinions expressed in the adaptation are the sole responsibility of the author or authors of the adaptation and are not endorsed by The World Bank. Third-party content—The World Bank does not necessarily own each component of the content contained within the work. The World Bank therefore does not warrant that the use of any third-party-owned individual component or part contained in the work will not infringe on the rights of those third parties. The risk of claims resulting from such infringement rests solely with you. If you wish to re-use a component of the work, it is your responsibility to determine whether permission is needed for that re-use and to obtain permission from the copyright owner. Examples of components can include, but are not limited to, tables, figures, or images. All queries on rights and licenses should be addressed to the Publishing and Knowledge Division, The World Bank, 1818 H Street NW, Washington, DC 20433, USA; fax: 202-5222625; e-mail: pubrights@worldbank.org. ISBN (paper): 978-1-4648-0554-7 ISBN (electronic): 978-1-4648-0555-4 DOI: 10.1596/978-1-4648-0554-7 The Little Data Book on Financial Development 2015/2016 is a product of the Development Research Group and Development Data Group of the Development Economics Vice Presidency of the World Bank. Design by Communications Development Incorporated, Washington, D.C.


Contents Acknowledgments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . iv Foreword . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . v Data notes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . vi

Regional tables . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 World . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2

East Asia and Pacific . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3

Europe and Central Asia . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4

Latin America and the Caribbean . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5

Middle East and North Africa . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6

South Asia . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7

Sub-Saharan Africa . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8

Income group tables . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9

Low income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10

Middle income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11

Lower middle income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12

Upper middle income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13

Low and middle income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14

High income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15

Euro area . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16

Country tables (in alphabetical order) . . . . . . . . . . . . . . . . . . . . . . . . . . . 17

Glossary . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 220

The Little Data Book on Financial Development  2015/2016

iii


Acknowledgments The Little Data Book on Financial Development 2015/2016 is a part of a broader data-collection effort related to the World Bank’s Global Financial Development Report 2015/2016: Long-Term Finance. The Little Data Book was prepared under the oversight of Aslı Demirgüç-Kunt (Director of Research, World Bank) by a team led by Thierry Tressel (team leader, Global Financial Development Report) and comprising Jeanne Verrier and Nan Zhou. The team was assisted by Michelle Chester, Paulina Sintim-Aboagye, and Tourya Tourougui. In compiling and updating the databases underlying the report, the team built on other data compilation efforts at the World Bank Group, including the work of Subika Farazi, Erik Feyen, and Katie Kibuuka. Financial support from the Knowledge for Change Program and International Finance Corporation is gratefully acknowledged. Production of this volume was managed by the Development Data Group under the direction of Haishan Fu, with a team consisting of Azita Amjadi, Colleen Burke, Liu Cui, Shelley Lai Fu, William Prince, and Junhe Yang. The book was designed by Jomo Tariku based on an original design by Communications Development Incorporated. Typesetting was done by BMWW Financial Communications. Nora Ridolfi and Janice Tuten from the World Bank’s Publishing and Knowledge Division oversaw publication and dissemination of the book.

iv

2015/2016  The Little Data Book on Financial Development


Foreword The Little Data Book on Financial Development 2015/2016, is a pocket edition of the Global Financial Development Database published as part of the work on the Global Financial Development Report 2015/2016: Long-term Finance. The Global Financial Development Database has been updated and includes new indicators on long-term finance. Reflecting the theme of this year’s report, the Little Data Book has put emphasis on long-term finance indicators and, in particular, includes additional variables capturing different aspects of long-term capital markets. The Global Financial Development Database is an extensive dataset of financial system characteristics for 202 economies. The database includes measures of (1) size of financial institutions and markets (financial depth), (2) degree to which individuals can and do use financial services (access), (3) efficiency of financial intermediaries and markets in intermediating resources and facilitating financial transactions (efficiency), and (4) stability of financial institutions and markets (stability). For a complete description of the dataset and a discussion of the underlying literature, see Martin ˇ ihák, Aslı Demirgüç-Kunt, Erik Feyen, and Ross Levine, 2012 “Benchmarking C Financial Systems around the World,” Policy Research Working Paper 6175, ˇ ihák, Demirgüç-Kunt, Feyen, and World Bank, Washington, D.C. (hereafter C ˇ ihák, Aslı Demirgüç-Kunt, Erik Feyen, and Ross Levine, 2012); and Martin C Levine, 2013 “Financial Development in 205 Economies, 1960 to 2010,” Journal of Financial Perspectives 1 (2): 17–36. There is ample evidence on the role financial sector development plays in economic development, poverty alleviation, and economic stability. However there are serious shortcomings associated with measuring the concept of the “functioning of the financial system.” Recognizing the need for good data to better understand the concept of financial development, the World Bank’s Development Economics Vice Presidency and the Finance and Markets Global Practice launched in 2013 a Global Financial Development Database, an extensive worldwide database that combines and updates several financial data sets. The data highlights the multidimensional nature of financial systems. Deep financial systems do not necessarily provide high degrees of financial access; highly efficient financial systems are not necessarily more stable than the less efficient ones, and so on. Each of these characteristics has an association with aspects of the broader socioeconomic development, and each is in turn strongly associated with financial sector policies and other parts of the enabling environment for finance. A basic comparison of data confirms that while financial systems in developing economies tend to be less deep, provide less access, and are somewhat less efficient; their stability has been comparable to financial systems in developed countries in recent years. For instance, the average depth of financial institutions’ (measured as private credit by deposit money banks to gross domestic product—GDP) and markets (measured as stock market capitalization plus outstanding domestic private debt securities to GDP) in developed economies is more than twice of that in developing economies. However in terms of stability of financial institutions (measured by the Z-score), on average the banking systems in developing economies are less volatile than in developed economies. Similarly, financial markets’ stability (measured as the stock price volatility) is on average higher for developing economies in comparison to developed economies.

The Little Data Book on Financial Development  2015/2016

v


Data notes The data in this book are for 2003, 2008, and 2013. Figures in italics indicate data for years other than those specified and report data for the closest year available within two years.1 Symbols used: .. indicates that data are not available or that aggregates cannot be calculated because of missing data

0 or 0.0 indicates zero or small enough that the number would round to zero at the displayed number of decimal points $ indicates current U.S. dollars

Data are shown for economies with population greater than 30,000 or for smaller economies if they are members of the World Bank. The term country (used interchangeably with economy) does not imply political independence or official recognition by the World Bank but refers to any economy for which the authorities report separate social or economic statistics. Aggregate data for ratios, shares, and percentage rates are medians. The financial development data in this book are a small slice of the information contained in the Global Financial Development Database (GFDD). For more information about the GFDD and the Global Financial Development ˇ ihák, Demirgüç-Kunt, Feyen, and Levine, 2013 and visit Report please see C http://worldbank.org/financialdevelopment, http://data.worldbank.org/data -catalog/global-financial-development, and http://databank.worldbank.org/. An important part of the financial inclusion data in GFDD comes from the Global Findex database (for more information please see Asli Demirgüç-Kunt and Leora Klapper, 2012 “Measuring Financial Inclusion: The Global Findex Database,” Policy Research Working Paper 6025, Word Bank, Washington, D.C., hereafter Demirgüç-Kunt and Klapper, 2012). Indicators with underlying data from Bankscope–Bureau Van Dijk are constructed using bank-by-bank unconsolidated data. These indicators will be updated throughout the year to reflect Bankscope updates. Indicators based on data from the Enterprise Surveys do not necessarily pertain to the same year across countries. These surveys are conducted in different years across different countries and the figures reported correspond to data from the closest year available for each country. Indicators based on World Bank Global Syndicated Loan and Bond Database (FinDebt) are aggregations of deal-level data.

1 Past

vi

data take precedence over future data whenever the closest year figure is used.

2015/2016  The Little Data Book on Financial Development


Regional tables The country composition of regions is based on the World Bank’s analytical regions for FY 13 and may differ from common geographic usage. The regions exclude high income economies. East Asia and Pacific Cambodia, China, Fiji, Indonesia, Kiribati, Democratic People’s Republic of Korea, Lao People’s Democratic Republic, Malaysia, Marshall Islands, Federated States of Micronesia, Mongolia, Myanmar, Palau, Papua New Guinea, Philippines, Samoa, Solomon Islands, Thailand, Timor-Leste, Tonga, Tuvalu, Vanuatu, Vietnam Europe and Central Asia Albania, Armenia, Azerbaijan, Belarus, Bosnia and Herzegovina, Bulgaria, Georgia, Kazakhstan, Kosovo, Kyrgyz Republic, Latvia, Lithuania, Former Yugoslav Republic of Macedonia, Moldova, Montenegro, Romania, Russian Federation, Serbia, Tajikistan, Turkey, Turkmenistan, Ukraine, Uzbekistan Latin America and the Caribbean Antigua and Barbuda, Argentina, Belize, Bolivia, Brazil, Chile, Colombia, Costa Rica, Cuba, Dominica, Dominican Republic, Ecuador, El Salvador, Grenada, Guatemala, Guyana, Haiti, Honduras, Jamaica, Mexico, Nicaragua, Panama, Paraguay, Peru, St. Lucia, St. Vincent and the Grenadines, Suriname, Uruguay, República Bolivariana de Venezuela Middle East and North Africa Algeria, Djibouti, Arab Republic of Egypt, Islamic Republic of Iran, Iraq, Jordan, Lebanon, Libya, Morocco, Syrian Arab Republic, Tunisia, West Bank and Gaza, Republic of Yemen South Asia Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan, Sri Lanka Sub-Saharan Africa Angola, Benin, Botswana, Burkina Faso, Burundi, Cabo Verde, Cameroon, Central African Republic, Chad, Comoros, Democratic Republic of Congo, Republic of Congo, Côte d’Ivoire, Eritrea, Ethiopia, Gabon, The Gambia, Ghana, Guinea, Guinea-Bissau, Kenya, Lesotho, Liberia, Madagascar, Malawi, Mali, Mauritania, Mauritius, Mozambique, Namibia, Niger, Nigeria, Rwanda, São Tomé and Príncipe, Senegal, Seychelles, Sierra Leone, Somalia, South Africa, Sudan, Swaziland, Tanzania, Togo, Uganda, Zambia, Zimbabwe

The Little Data Book on Financial Development  2015/2016

1


World Gross domestic product ($ billions) 75,621.9 data

Population (millions)

7,125.1 data

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%)

25.3 36.4 6.7

35.5 44.9 4.9

40.2 47.5 12.9

Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years)

27.1 3.3 19.9 29.2 11.6 1.6 1.3 5.0 8.4

41.3 10.4 19.5 26.3 9.5 2.1 0.7 5.7 6.6

30.8 3.9 28.2 31.2 14.1 1.9 1.8 5.1 7.6

Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%)

43 3.6 .. .. .. .. 4.1 16.7 ..

272 12.9 .. .. .. 32.7 26.8 5.0 26.5

559 14.2 38.2 13.3 8.4 34.1 24.3 26.1 27.5

Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%)

42.4 47.7 8.9

42.8 44.4 10.6

54.1 49.6 7.8

Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax)

4.2 6.9 3.8 1.1 13.0

4.5 6.2 3.4 1.3 13.6

3.7 6.0 3.0 1.1 9.8

Efficiency—Financial Markets Stock market turnover ratio (%)

22.0

31.8

12.2

Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%)

13.8 5.8 14.2

13.1 3.0 14.4

14.1 4.5 16.5

Stability—Financial Markets Stock price volatility

21.6

23.5

15.2

Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

2

78.5 –0.05 .. 11.7 7.6

74.3 69.5 –0.04 –0.04 .. .. 11.5 –17.7

2015/2016  The Little Data Book on Financial Development

10.6 12.8


East Asia & Pacific Gross domestic product ($ billions) 11,413.7

Population (millions)

2,005.8

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%)

28.6 36.9 29.2

37.9 42.3 57.5

47.0 54.0 25.6

Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years)

35.8 6.1 10.4 21.5 7.3 1.5 0.8 6.9 7.9

47.5 14.1 29.3 21.4 4.3 2.0 0.8 6.2 5.9

44.1 13.2 27.5 25.3 4.9 3.4 1.8 5.4 6.6

Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%)

367 10.4 .. .. .. .. .. .. ..

372 9.6 .. .. .. 43.0 21.9 19.3 29.5

370 9.5 26.8 19.4 16.2 49.9 24.6 46.3 44.0

Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%)

78.4 56.7 2.5

50.4 50.7 8.8

62.4 62.3 17.9

Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax)

3.5 5.9 2.9 1.3 11.5

4.3 5.2 2.9 1.1 12.3

4.0 5.2 2.9 0.8 8.2

Efficiency—Financial Markets Stock market turnover ratio (%)

21.4

31.8

20.0

Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%)

9.5 13.9 15.6

12.6 4.6 14.9

13.6 2.1 16.3

Stability—Financial Markets Stock price volatility

20.3

28.4

17.2

Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

96.2 –0.05 .. 2.8 –1.4

The Little Data Book on Financial Development  2015/2016

73.6 46.7 –0.01 –0.00 .. .. 2.7 –12.6

3.5 15.4

3


Europe & Central Asia Gross domestic product ($ billions) 4,041.4 data

Population (millions)

410.9 data

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%)

13.1 20.6 1.1

35.0 39.4 3.0

39.6 51.1 7.0

Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years)

6.1 0.9 1.7 20.5 7.2 0.4 0.9 4.3 3.2

23.7 2.9 1.8 15.5 5.7 1.2 0.6 5.0 3.8

11.7 0.6 4.4 14.9 11.0 1.3 1.4 4.7 7.1

Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%)

521 12.5 .. .. .. .. 2.1 10.2 ..

919 21.8 .. .. .. 37.7 34.0 40.0 27.9

915 21.4 44.3 4.8 8.1 32.8 23.5 27.6 26.4

Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%)

43.3 44.6 21.2

22.4 37.4 35.6

44.9 37.7 15.1

Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax)

6.3 6.9 5.7 2.0 12.9

5.6 6.4 4.4 1.4 9.6

4.8 5.8 3.7 1.1 9.3

Efficiency—Financial Markets Stock market turnover ratio (%)

13.9

7.3

4.2

Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%)

12.7 5.4 23.9

9.7 4.1 16.8

10.0 11.3 17.8

Stability—Financial Markets Stock price volatility

27.5

28.9

15.4

Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

4

80.6 –0.07 .. 18.7 42.0

71.7 64.4 –0.07 –0.06 .. .. 12.8 –31.7

2015/2016  The Little Data Book on Financial Development

8.3 12.7


Latin America & Caribbean Gross domestic product ($ billions) 5,991.8

Population (millions)

609.1

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%)

28.3 38.9 1.7

31.6 41.2 2.6

37.8 43.0 15.5

Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years)

15.7 0.4 11.0 20.8 17.4 0.6 1.0 6.0 8.2

26.8 2.7 10.4 18.1 9.5 1.1 0.5 7.0 9.5

24.6 0.3 17.0 23.6 9.8 0.7 1.6 5.1 10.1

Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%)

420 12.6 .. .. .. .. 14.9 15.8 ..

487 17.5 .. .. .. 59.2 43.7 52.3 57.5

711 19.0 27.7 11.4 9.0 .. .. .. ..

Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%)

40.8 43.7 2.6

35.3 34.7 8.6

40.1 36.7 7.8

Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax)

5.6 9.3 5.2 1.0 14.4

5.9 7.9 4.3 1.6 15.3

5.3 7.7 4.4 1.4 11.1

3.7

4.5

3.1

Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%)

13.9 7.3 14.9

12.7 3.0 15.4

14.5 2.3 15.6

Stability—Financial Markets Stock price volatility

18.4

24.4

14.5

Efficiency—Financial Markets Stock market turnover ratio (%)

Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

58.7 –0.05 .. 4.2 31.7

The Little Data Book on Financial Development  2015/2016

74.4 66.4 –0.05 –0.05 .. .. 3.2 –11.0

3.4 0.8

5


Middle East & North Africa Gross domestic product ($ billions) 1,495.7 data

Population (millions)

345.4 data

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%)

22.0 36.9 6.5

22.8 34.0 2.5

25.6 37.8 3.6

Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years)

21.5 2.1 .. .. 1.6 1.0 0.4 7.8 5.1

76.2 28.2 1.4 77.6 7.1 3.7 0.3 6.0 4.9

23.4 4.4 0.7 79.5 9.8 0.3 0.9 5.0 5.0

Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%)

331 12.0 .. .. .. .. .. .. ..

326 10.4 .. .. .. 17.4 5.6 7.5 5.1

364 8.0 24.4 5.3 4.4 23.6 35.6 25.7 18.1

Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%)

63.6 45.4 ..

44.1 50.7 ..

41.3 33.6 ..

2.7 5.0 1.9 0.6 8.4

3.3 4.3 1.7 1.4 15.5

2.9 4.4 1.8 1.2 10.7

Efficiency—Financial Markets Stock market turnover ratio (%)

11.4

32.0

12.3

Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%)

15.5 21.5 11.1

17.7 7.5 14.6

23.1 8.2 18.4

Stability—Financial Markets Stock price volatility

13.1

18.6

7.8

Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax)

Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

6

92.1 –0.03 .. 5.4 7.8

86.0 84.8 –0.03 –0.03 .. .. 4.9 17.1

2015/2016  The Little Data Book on Financial Development

3.7 1.5


South Asia Gross domestic product ($ billions) 2,368.3

Population (millions)

1,670.8

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%)

25.1 34.2 8.8

32.6 42.8 6.6

43.0 54.4 15.8

Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years)

11.4 2.8 0.4 18.3 1.5 0.2 0.3 10.3 8.8

29.4 7.7 3.1 15.6 2.2 0.5 0.4 8.0 6.9

20.1 5.2 4.9 35.4 4.9 1.8 1.3 4.3 8.2

Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%)

434 8.1 .. .. .. .. .. .. ..

269 8.9 .. .. .. 3.4 1.4 2.5 2.3

433 10.7 30.3 10.8 9.2 34.6 18.4 21.8 30.6

Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%)

49.7 57.3 ..

62.4 64.1 ..

75.9 61.0 ..

Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax)

3.2 6.5 3.1 1.1 17.5

5.0 6.6 2.2 1.6 14.6

5.1 4.8 2.9 1.3 12.8

Efficiency—Financial Markets Stock market turnover ratio (%)

35.6

91.1

31.5

Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%)

8.3 17.0 8.5

16.8 5.8 12.6

8.9 7.0 14.9

Stability—Financial Markets Stock price volatility

23.3

21.7

13.1

57.0 –0.06 ..

52.5 –0.05 ..

72.6 -0.02 ..

4.6 41.8

4.2 –6.9

4.2 12.0

Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

The Little Data Book on Financial Development  2015/2016

7


Sub-Saharan Africa Gross domestic product ($ billions) 1,643.4 data

Population (millions)

936.3 data

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%)

10.9 14.4 5.0

13.5 19.0 4.6

16.7 23.1 8.1

Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years)

11.9 0.4 15.3 35.4 11.6 1.5 0.2 4.1 5.0

35.7 1.1 18.4 22.3 13.9 1.3 0.1 4.0 14.4

22.2 0.6 19.1 35.8 6.3 1.8 0.8 4.5 5.9

11 0.8 .. .. .. .. .. .. ..

83 2.5 .. .. .. 21.6 12.2 24.6 19.7

166 3.9 17.5 9.9 4.9 14.5 13.0 19.1 9.3

Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%)

45.0 71.1 12.7

30.9 58.2 13.5

67.0 80.2 12.9

Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax)

7.0 11.6 6.5 1.7 16.9

6.2 8.3 5.6 1.9 17.3

5.3 8.8 5.2 1.4 15.5

3.5

6.8

2.6

Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%)

12.4 13.6 15.9

12.9 6.3 15.5

13.2 5.6 18.1

Stability—Financial Markets Stock price volatility

14.3

18.9

9.9

Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%)

Efficiency—Financial Markets Stock market turnover ratio (%)

Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

8

83.9 –0.07 .. 1.9 10.2

81.2 75.4 –0.07 –0.05 .. .. 1.8 1.2

2015/2016  The Little Data Book on Financial Development

1.4 18.1


Income group tables For operational and analytical purposes the World Bank’s main criterion for classifying economies is gross national income (GNI) per capita. Each economy in The Little Data Book on Financial Inclusion is classified as low income, middle income, or high income. Low- and middle-income economies are sometimes referred to as developing economies. The use of the term is convenient; it is not intended to imply that all economies in the group are experiencing similar development or that other economies have reached a preferred or final stage of development. Classification by income does not necessarily reflect development status. Note: Classifications are fixed during the World Bank’s fiscal year (ending on June 30), thus countries remain in the categories in which they are classified irrespective of any revisions to their per capita income data. Low-income economies are those with a GNI per capita of $1,025 or less in 2011. Middle-income economies are those with a GNI per capita of more than $1,026 but less than $12,475. Lower-middle-income and upper-middle-income economies are separated at a GNI per capita of $4,035. High-income economies are those with a GNI per capita of $12,475 or more. Euro area includes the member states of the Economic and Monetary Union of the European Union that have adopted the euro as their currency by 2012: Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, Malta, Netherlands, Portugal, Slovak Republic, Slovenia, and Spain.

The Little Data Book on Financial Development  2015/2016

9


Low income Gross domestic product ($ billions)

640.9 data

Population (millions)

858.3 data

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%) Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years) Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%) Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%) Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax) Efficiency—Financial Markets Stock market turnover ratio (%) Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%) Stability—Financial Markets Stock price volatility Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

10

7.9 11.3 3.0

12.5 17.4 2.2

15.9 20.0 3.3

5.6 0.8 .. .. .. 1.0 .. 6.0 ..

21.7 2.6 .. .. .. 1.3 0.5 4.4 6.4

19.4 0.3 .. .. .. 0.8 .. 5.9 ..

39 0.6 .. .. .. .. 2.1 10.2 ..

72 2.1 .. .. .. 18.5 11.4 2.5 14.5

156 3.1 14.3 7.5 6.2 16.6 17.0 19.4 15.5

.. .. ..

.. .. ..

.. .. ..

6.9 11.8 5.9 1.6 17.8

6.7 10.1 5.6 2.1 16.2

6.3 10.5 5.1 1.6 15.6

6.8

55.3

2.0

10.3 18.3 17.0

11.1 5.4 20.7

10.9 6.3 22.6

..

5.3

9.4

86.4 –0.07 .. 1.6 ..

84.1 72.3 –0.03 –0.03 .. .. 1.4 7.4

2015/2016  The Little Data Book on Financial Development

1.4 33.2


Middle income Gross domestic product ($ billions) 26,302.5

Population (millions)

5,120.1

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%)

19.2 27.0 5.0

30.8 38.0 4.9

36.3 44.5 14.0

Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years)

15.6 1.3 10.7 21.0 9.1 0.9 0.7 5.1 7.4

29.4 3.6 7.6 21.4 6.0 1.3 0.6 6.1 6.1

20.1 1.4 12.3 27.2 8.8 1.5 1.4 5.0 7.6

Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%)

189 10.4 .. .. .. .. 17.2 14.7 ..

430 12.5 .. .. .. 36.8 34.0 7.5 27.7

642 13.4 30.3 8.7 7.8 31.7 24.5 26.9 25.0

Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%)

44.1 48.2 2.6

45.1 48.1 11.1

54.1 49.6 11.9

Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax)

5.2 8.0 4.7 1.2 11.9

5.0 6.4 3.6 1.5 14.6

4.3 6.3 3.3 1.2 10.5

6.7

9.6

5.5

Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%)

13.8 8.4 15.8

12.7 3.7 15.2

14.3 4.2 16.7

Stability—Financial Markets Stock price volatility

20.0

24.0

14.6

Efficiency—Financial Markets Stock market turnover ratio (%)

Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

73.6 –0.06 .. 5.5 18.8

The Little Data Book on Financial Development  2015/2016

72.5 67.6 –0.05 –0.05 .. .. 4.8 –12.4

4.3 10.5

11


Lower middle income Gross domestic product ($ billions) 5,470.4 data

Population (millions)

2,589.2 data

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%)

18.3 23.7 7.5

27.8 35.2 8.2

32.2 40.5 14.1

Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years)

13.2 0.3 0.4 26.7 3.6 1.2 0.7 5.4 7.4

28.3 1.3 3.1 20.0 4.2 1.3 0.3 5.9 5.4

16.6 0.7 1.7 31.0 5.1 1.5 0.9 5.0 8.2

Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%)

367 10.4 .. .. .. .. 17.2 14.7 ..

259 8.3 .. .. .. 24.6 20.2 7.5 17.9

396 10.0 21.4 7.9 7.1 27.3 20.5 25.3 21.9

Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%)

42.3 49.4 1.2

54.9 51.7 3.4

62.4 54.8 5.2

Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax)

6.0 9.2 4.0 1.2 14.2

5.0 7.2 3.6 1.5 15.6

4.4 6.8 3.4 1.4 11.2

3.5

7.4

5.6

Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%)

13.5 13.3 15.3

13.8 4.3 14.6

17.2 5.6 17.0

Stability—Financial Markets Stock price volatility

20.8

27.1

16.2

Efficiency—Financial Markets Stock market turnover ratio (%)

Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

12

82.7 –0.07 .. 4.6 12.3

74.3 70.1 –0.06 –0.05 .. .. 3.9 –3.0

2015/2016  The Little Data Book on Financial Development

3.8 12.0


Upper middle income Gross domestic product ($ billions) 20,828.6

Population (millions)

2,530.9

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%)

20.9 35.3 4.2

39.9 49.5 3.7

46.0 54.2 11.7

Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years)

17.3 1.5 11.2 21.0 11.8 0.7 1.0 5.1 7.4

31.1 4.6 13.6 21.4 8.6 1.3 0.9 6.4 6.7

28.5 1.4 18.0 24.7 9.7 1.6 1.7 5.0 7.5

Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%)

11 7.8 .. .. .. .. 24.2 25.6 ..

606 17.9 .. .. .. 53.2 43.9 45.4 41.9

767 20.3 44.4 9.7 8.6 41.2 27.8 37.6 34.8

Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%)

47.9 48.2 7.7

40.8 44.0 15.7

49.5 46.5 12.9

Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax)

4.8 7.3 5.0 1.1 9.2

5.0 6.1 3.5 1.5 13.1

3.8 6.0 3.0 1.0 9.6

Efficiency—Financial Markets Stock market turnover ratio (%)

9.2

10.7

5.0

Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%)

14.2 8.1 16.5

10.9 3.1 15.4

10.6 3.8 16.1

Stability—Financial Markets Stock price volatility

20.0

23.8

14.0

Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

72.4 –0.06 .. 6.6 23.0

The Little Data Book on Financial Development  2015/2016

70.6 66.6 –0.05 –0.05 .. .. 6.5 –13.3

5.5 6.0

13


Low and middle income Gross domestic product ($ billions) 26,951.7 data

Population (millions)

5,978.4 data

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%)

17.6 23.2 4.2

25.2 32.1 4.3

29.7 39.0 12.6

Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years)

14.3 1.0 10.7 21.0 9.1 0.9 0.7 5.2 7.4

29.4 3.5 7.6 21.4 6.0 1.3 0.6 6.0 6.1

19.7 1.0 12.3 27.2 8.8 1.5 1.4 5.0 7.6

Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%)

43 3.6 .. .. .. .. 2.1 10.2 ..

241 8.1 .. .. .. 32.7 26.8 5.0 26.5

396 10.4 25.5 8.6 7.6 30.4 21.2 25.5 23.6

Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%)

44.1 48.2 2.6

45.1 48.1 11.1

54.1 49.6 11.9

Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax)

5.9 8.5 5.0 1.3 13.2

5.5 6.7 4.0 1.6 14.9

4.6 6.6 3.7 1.3 10.5

6.7

10.5

5.1

Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%)

12.7 8.7 16.2

12.6 3.9 15.4

13.3 5.0 16.9

Stability—Financial Markets Stock price volatility

20.0

23.8

14.0

Efficiency—Financial Markets Stock market turnover ratio (%)

Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

14

78.2 –0.06 .. 4.7 18.8

73.1 68.1 –0.05 –0.05 .. .. 4.6 –12.2

2015/2016  The Little Data Book on Financial Development

3.9 11.3


High income Gross domestic product ($ billions) 48,715.2

Population (millions)

1,146.7

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%)

77.5 91.2 15.0

Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years)

49.3 29.7 27.6 33.1 21.9 3.8 1.5 5.0 8.8

Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%)

754 26.7 .. .. .. .. 34.3 27.7 ..

Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%)

36.5 46.0 9.1

42.2 41.9 10.6

51.7 49.8 6.5

Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax)

2.3 4.0 1.9 0.9 13.0

2.3 3.3 1.7 0.8 8.5

2.1 4.5 1.9 0.6 7.4

Efficiency—Financial Markets Stock market turnover ratio (%)

55.8

79.1

43.7

Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%)

15.8 2.6 12.8

15.1 1.9 12.3

15.3 3.6 16.0

Stability—Financial Markets Stock price volatility

23.5

23.1

16.1

Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

80.5 –0.04 .. 32.6 –5.3

The Little Data Book on Financial Development  2015/2016

93.1 96.8 109.8 114.0 11.6 13.3 73.3 49.2 25.3 29.1 27.7 4.1 1.0 5.4 6.7

53.0 13.9 44.2 34.1 43.3 3.3 2.6 5.2 7.7

1,321 1,172 27.6 25.6 .. 93.2 .. 42.7 .. 12.2 48.4 48.0 41.1 31.7 63.2 35.3 41.7 46.1

76.3 76.1 –0.04 –0.02 .. .. 34.8 –21.5

30.4 14.4

15


Euro area Gross domestic product ($ billions) 13,117.1 data

Population (millions)

332.3 data

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%)

99.5 108.3 40.9

106.8 119.8 127.7 138.2 46.2 ..

Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years)

40.3 14.0 31.6 40.3 41.7 3.6 1.6 5.1 9.6

Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%)

754 35.9 .. .. .. .. 13.6 21.0 ..

Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%)

22.1 43.0 ..

19.9 33.2 ..

15.3 23.0 ..

2.3 3.3 2.4 0.7 7.9

2.0 2.3 1.9 0.2 4.0

1.9 4.9 1.8 0.3 4.6

Efficiency—Financial Markets Stock market turnover ratio (%)

39.6

65.3

40.1

Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%)

12.5 2.6 12.4

9.1 2.8 11.7

9.1 7.2 15.4

Stability—Financial Markets Stock price volatility

26.1

23.3

18.6

Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax)

53.3 34.1 34.8 35.4 62.1 4.0 0.8 5.6 6.7

36.5 10.2 37.8 46.6 68.5 3.3 2.9 5.3 8.6

1,698 1,688 40.0 34.4 .. 95.3 .. 42.6 .. 11.4 50.8 42.5 41.5 32.8 .. 36.2 43.7 41.5

Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy

86.0 –0.05 ..

72.8 70.2 –0.06 –0.03 .. ..

Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

24.1 –11.0

15.6 –25.1

16

2015/2016  The Little Data Book on Financial Development

13.1 15.5


Country tables Cyprus GDP data refer to the area controlled by the government of Cyprus. Morocco GDP data include Former Spanish Sahara. Sudan GDP data exclude South Sudan after 2011. Tanzania GDP data refer to mainland Tanzania only.

The Little Data Book on Financial Development  2015/2016

17


Afghanistan South Asia

Low income

Gross domestic product ($ billions)

20.3 data

Population (millions)

30.6 data

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%)

.. .. ..

8.3 9.0 ..

4.0 4.0 ..

Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years)

.. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. ..

.. 0.4 .. .. .. .. .. .. ..

38 1.5 .. .. .. 3.4 1.4 2.5 2.3

172 2.5 9.0 2.8 7.4 .. .. .. ..

.. .. ..

.. .. ..

.. .. ..

9.8 .. 7.7 2.0 7.1

10.5 .. 5.1 2.0 12.7

5.8 .. 3.8 0.5 9.0

..

..

..

32.1 .. ..

19.8 .. ..

6.9 .. ..

..

..

..

100.0 0.27 0

71.7 0.60 0

64.6 0.06 0

.. ..

.. ..

.. ..

Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%) Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%) Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax) Efficiency—Financial Markets Stock market turnover ratio (%) Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%) Stability—Financial Markets Stock price volatility Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

18

2015/2016  The Little Data Book on Financial Development


Albania Europe & Central Asia Gross domestic product ($ billions)

Lower middle income 12.9

Population (millions)

2.9

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%) Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years) Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%) Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%) Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax) Efficiency—Financial Markets Stock market turnover ratio (%) Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%) Stability—Financial Markets Stock price volatility Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

6.5 33.3 ..

30.8 55.2 ..

37.7 62.7 ..

.. .. .. .. .. 1.5 .. 8.8 ..

.. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. ..

.. 9.1 .. .. .. .. 37.0 28.4 ..

.. 22.1 .. .. .. 42.2 12.4 33.3 37.9

.. 21.9 28.3 8.6 7.5 28.2 11.2 23.1 20.1

.. .. ..

.. .. ..

.. .. ..

3.6 5.9 2.2 1.1 12.9

4.7 6.2 2.5 1.5 17.4

3.7 5.7 2.2 0.5 3.9

..

..

..

20.2 4.6 28.5

25.2 6.6 17.2

29.1 23.5 17.9

..

..

..

95.5 –0.06 0

73.1 –0.06 0

56.6 –0.01 0

.. ..

.. ..

.. ..

The Little Data Book on Financial Development  2015/2016

19


Algeria Middle East & North Africa Gross domestic product ($ billions)

210.2 data

Upper middle income Population (millions)

39.2 data

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%)

10.7 41.2 0.3

11.8 29.7 0.9

15.2 37.8 0.5

Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years)

.. .. .. .. .. 1.0 .. 7.8 ..

.. .. .. .. .. 1.0 .. 15.0 ..

.. .. .. .. .. .. .. .. ..

Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%)

331 4.6 .. .. .. .. .. .. ..

326 5.1 .. .. .. 31.1 8.9 28.6 16.4

332 5.1 33.3 4.3 1.5 .. .. .. ..

.. .. ..

.. .. ..

.. .. ..

3.2 2.9 0.8 0.2 3.7

3.2 6.3 1.0 1.1 18.6

2.7 6.3 0.9 1.1 10.3

..

..

..

10.9 .. ..

13.3 21.1 26.2

23.9 10.6 21.0

..

..

..

86.4 0.05 0

74.0 0.01 0

84.8 0.01 0

.. ..

.. ..

.. ..

Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%) Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax) Efficiency—Financial Markets Stock market turnover ratio (%) Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%) Stability—Financial Markets Stock price volatility Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

20

2015/2016  The Little Data Book on Financial Development


Andorra

High income

Gross domestic product ($ billions)

..

Population (thousands)

79.2

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%)

.. .. ..

.. .. ..

.. .. ..

Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years)

.. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. ..

Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%)

.. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. ..

Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%)

.. .. ..

.. .. ..

.. .. ..

1.9 .. 1.3 2.5 19.4

1.3 .. 1.3 1.5 15.1

1.5 .. 2.0 1.1 11.1

..

..

..

21.8 .. ..

15.1 .. ..

14.8 .. ..

..

..

..

Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax) Efficiency—Financial Markets Stock market turnover ratio (%) Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%) Stability—Financial Markets Stock price volatility Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

100.0 –0.02 0 .. ..

The Little Data Book on Financial Development  2015/2016

100.0 100.0 –0.04 .. 0 0 .. ..

.. ..

21


Angola Sub-Saharan Africa Gross domestic product ($ billions)

Upper middle income 124.2 data

Population (millions)

21.5 data

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%) Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years) Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%) Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%) Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax) Efficiency—Financial Markets Stock market turnover ratio (%) Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%) Stability—Financial Markets Stock price volatility Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

22

3.7 4.7 ..

9.8 18.0 ..

22.6 32.2 ..

.. .. .. .. .. 13.7 .. 5.2 ..

.. .. .. .. .. 5.0 .. 4.7 ..

.. .. .. .. .. 2.9 .. 4.1 ..

0 2.2 .. .. .. .. .. .. ..

50 5.6 .. .. .. 9.5 13.1 13.4 4.2

571 12.8 39.2 15.9 7.9 .. .. .. ..

.. .. ..

.. .. ..

.. .. ..

6.3 69.9 5.7 2.5 24.5

6.5 6.0 3.5 3.6 41.6

5.1 12.7 4.0 2.0 18.7

..

..

..

16.1 .. ..

14.1 .. ..

15.2 .. ..

..

..

..

84.2 –0.06 0

77.4 –0.10 0

69.4 –0.08 0

.. ..

.. ..

.. ..

2015/2016  The Little Data Book on Financial Development


Antigua and Barbuda Latin America & Caribbean Gross domestic product ($ billions)

Upper middle income 1.2

Population (thousands)

90.0

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%)

65.3 81.6 ..

66.2 82.5 ..

69.0 89.2 ..

Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years)

.. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. ..

.. .. .. .. .. 7.6 .. 7.0 ..

Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%)

.. .. .. .. .. .. .. .. ..

.. 39.5 .. .. .. 49.2 49.4 46.3 51.8

.. 36.1 .. .. .. .. .. .. ..

Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%)

.. .. ..

.. .. ..

.. .. ..

4.8 8.0 4.3 1.8 25.6

1.1 6.9 4.7 0.8 13.5

.. 6.9 .. .. ..

..

..

..

16.3 .. ..

11.0 .. ..

.. .. ..

..

..

..

97.6 –0.09 0

100.0 –0.10 0

.. .. 0

.. ..

.. ..

.. ..

Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax) Efficiency—Financial Markets Stock market turnover ratio (%) Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%) Stability—Financial Markets Stock price volatility Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

The Little Data Book on Financial Development  2015/2016

23


Argentina Latin America & Caribbean Gross domestic product ($ billions)

609.9 data

Upper middle income Population (millions)

41.4 data

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%)

11.8 37.4 0.4

12.4 20.9 0.5

14.0 20.6 0.5

Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years)

58.7 2.5 10.3 20.8 74.1 0.1 0.0 2.2 4.7

17.7 2.7 3.8 18.1 18.0 0.2 0.3 4.6 2.9

6.5 0.3 2.0 10.4 10.2 0.2 0.6 4.4 4.6

Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%)

471 13.4 .. .. .. .. .. .. ..

623 13.1 .. .. .. 49.3 30.3 33.3 38.0

788 13.4 33.1 3.8 6.6 .. .. .. ..

Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%)

25.0 21.3 ..

29.8 25.2 ..

38.1 25.9 ..

2.2 9.0 5.3 –1.9 –17.7

5.6 8.4 6.9 1.6 12.3

8.0 2.3 7.6 2.1 16.6

6.5

18.7

3.7

Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%)

2.4 17.7 14.5

3.3 3.1 16.9

3.2 1.7 13.6

Stability—Financial Markets Stock price volatility

43.9

26.7

27.8

Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy

59.9 0.06 1

51.4 –0.05 0

66.4 –0.11 0

Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

2.8 83.3

2.5 –17.7

2.5 60.0

Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax) Efficiency—Financial Markets Stock market turnover ratio (%)

24

2015/2016  The Little Data Book on Financial Development


Armenia Europe & Central Asia Gross domestic product ($ billions)

Lower middle income 10.4

Population (millions)

3.0

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%)

5.6 7.8 ..

15.0 17.1 0.6

41.5 46.9 1.1

Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years)

0.6 0.0 .. .. .. .. .. .. ..

1.3 0.0 .. .. .. 0.5 .. .. ..

1.3 0.0 .. .. .. 1.4 .. 4.5 ..

212 10.8 .. .. .. .. 5.6 10.9 ..

461 17.1 .. .. .. 44.3 31.9 .. 34.7

711 21.4 17.5 0.8 18.9 46.3 18.6 39.1 31.0

.. .. ..

.. .. ..

.. .. ..

6.3 14.0 4.0 2.4 18.1

8.3 10.4 5.8 3.0 13.8

6.1 5.8 3.4 1.5 9.7

4.1

0.6

0.8

13.2 5.4 33.8

23.0 4.3 27.5

14.9 4.5 16.7

..

..

..

83.1 –0.11 0

47.8 –0.16 0

40.3 –0.14 0

70.2 ..

3.4 ..

4.0 ..

Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%) Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%) Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax) Efficiency—Financial Markets Stock market turnover ratio (%) Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%) Stability—Financial Markets Stock price volatility Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

The Little Data Book on Financial Development  2015/2016

25


Aruba

High income

Gross domestic product ($ billions)

data 2.6

Population (thousands)

102.9 data

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%)

52.7 54.7 ..

53.2 55.5 ..

61.0 67.8 ..

.. .. .. .. 0.9 .. .. .. ..

.. .. .. .. 5.5 2.1 .. 13.0 ..

.. .. .. .. 6.8 .. .. .. ..

Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%)

.. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. ..

.. 19.5 .. .. .. .. .. .. ..

Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%)

.. .. ..

.. .. ..

.. .. ..

6.0 6.2 5.5 2.7 32.5

7.1 7.6 4.7 1.9 18.6

6.5 7.1 3.2 2.7 19.4

..

..

..

18.1 .. ..

18.1 .. ..

26.2 .. ..

Stability—Financial Markets Stock price volatility

..

..

..

Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy

.. .. 0

.. .. 0

.. 0.00 0

Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

.. ..

.. ..

.. ..

Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years)

Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax) Efficiency—Financial Markets Stock market turnover ratio (%) Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%)

26

2015/2016  The Little Data Book on Financial Development


Australia

High income

Gross domestic product ($ billions) 1,560.4

Population (millions)

23.1

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%) Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years)

90.0 91.1 ..

115.6 121.7 116.6 124.8 24.0 13.9

108.3 75.1 47.4 17.0 30.8 5.3 1.5 3.4 7.1

104.0 121.5 64.4 11.4 44.2 12.2 0.6 4.2 7.9

82.9 76.9 53.1 34.1 40.5 6.9 2.2 4.1 8.6

Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%)

.. 30.7 .. .. .. .. .. .. ..

.. 31.3 .. .. .. .. .. .. ..

.. 30.7 99.1 61.9 17.0 .. .. .. ..

Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%)

55.2 58.5 8.6

60.0 56.1 4.2

62.5 50.3 3.7

Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax)

1.1 4.9 0.8 1.1 16.2

1.8 4.2 0.9 0.1 1.5

2.1 2.9 1.1 0.9 14.1

Efficiency—Financial Markets Stock market turnover ratio (%)

73.2

92.7

82.7

Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%)

13.7 0.3 10.0

4.2 1.3 11.3

11.3 1.4 11.6

Stability—Financial Markets Stock price volatility

11.6

22.2

12.8

100.0 –0.09 0

96.7 0.13 0

68.8 0.28 0

70.6 –3.6

90.5 –19.1

86.2 16.6

Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

The Little Data Book on Financial Development  2015/2016

27


Austria

High income

Gross domestic product ($ billions)

428.3 data

Population (millions)

data 8.5

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%)

103.3 121.5 ..

115.9 114.7 127.7 131.2 .. ..

Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years)

17.9 3.4 39.5 40.1 58.6 0.9 0.9 5.9 9.2

37.4 27.6 51.7 29.0 85.7 1.2 0.2 3.3 5.3

22.3 10.2 48.0 33.8 79.1 1.3 1.3 5.8 9.4

Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%)

.. 13.9 .. .. .. .. .. .. ..

.. 12.6 .. .. .. .. .. .. ..

.. 15.6 97.1 51.6 8.3 .. .. .. ..

Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%)

18.8 40.6 ..

19.8 36.1 ..

19.9 36.3 ..

2.3 .. 2.5 0.9 7.9

2.1 .. 2.2 –0.4 –4.0

1.5 .. 2.5 0.3 4.6

Efficiency—Financial Markets Stock market turnover ratio (%)

23.2

65.3

51.9

Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%)

28.5 3.0 14.5

17.1 1.9 12.9

15.2 2.9 18.0

Stability—Financial Markets Stock price volatility

14.3

26.9

21.6

28.4 –0.06 0

72.8 –0.04 1

58.7 –0.03 1

10.6 10.2

12.3 –26.9

8.3 17.0

Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax)

Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

28

2015/2016  The Little Data Book on Financial Development


Azerbaijan Europe & Central Asia Gross domestic product ($ billions)

Upper middle income 73.6

Population (millions)

9.4

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%) Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years) Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%) Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%) Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax) Efficiency—Financial Markets Stock market turnover ratio (%) Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%) Stability—Financial Markets Stock price volatility Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

6.0 8.4 ..

13.6 16.2 ..

22.4 25.5 ..

.. .. .. .. .. 19.2 0.0 11.6 1.0

.. .. .. .. 0.1 2.0 0.0 3.9 1.0

.. .. .. .. 1.4 0.1 1.4 3.8 10.0

93 6.5 .. .. .. .. 3.9 4.1 ..

262 9.2 .. .. .. 19.9 19.0 .. 18.1

546 10.3 14.9 1.6 17.7 14.5 27.6 15.9 14.7

.. .. ..

.. .. ..

.. .. ..

7.4 5.9 19.4 1.6 12.4

8.3 7.5 4.7 1.4 9.7

5.8 8.3 4.7 1.5 10.3

..

..

..

11.0 .. ..

9.7 3.5 17.7

10.4 4.5 18.1

..

..

..

58.5 –0.11 0

47.2 –0.07 0

49.9 –0.09 0

.. ..

.. ..

.. ..

The Little Data Book on Financial Development  2015/2016

29


Bahamas, The

High income

Gross domestic product ($ billions)

data 8.4

Population (thousands)

377.4 data

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%)

57.1 64.6 2.2

77.7 86.8 0.4

78.1 95.5 0.3

.. .. .. .. 4.1 4.5 5.5 2.3 8.2

.. .. .. .. 8.3 7.2 6.4 6.3 7.5

.. .. .. .. 24.5 .. 2.8 6.7 23.1

Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%)

.. .. .. .. .. .. .. .. ..

.. 38.7 .. .. .. 34.2 14.6 28.5 28.4

.. 34.6 .. .. .. .. .. .. ..

Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%)

.. .. ..

.. .. ..

.. .. ..

1.6 2.1 0.8 2.5 14.3

3.2 1.6 1.5 1.7 7.7

3.3 3.1 2.2 0.3 1.5

..

..

..

15.9 .. ..

18.4 .. ..

17.0 .. ..

..

..

..

68.2 –0.03 0

76.2 –0.02 0

86.0 –0.00 0

.. ..

.. ..

.. ..

Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years)

Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax) Efficiency—Financial Markets Stock market turnover ratio (%) Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%) Stability—Financial Markets Stock price volatility Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

30

2015/2016  The Little Data Book on Financial Development


Bahrain

High income

Gross domestic product ($ billions)

32.9

Population (millions)

1.3

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%)

39.9 48.8 11.0

54.4 61.1 34.3

67.4 90.0 30.7

Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years)

96.7 3.5 .. .. 24.2 13.5 .. 10.9 ..

96.4 8.9 .. .. 22.8 0.5 0.7 6.0 5.0

54.4 1.0 .. .. 36.4 2.2 2.0 1.6 7.0

Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%)

.. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. ..

.. .. 64.5 16.3 21.9 .. .. .. ..

Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%)

.. .. ..

.. .. ..

.. .. ..

2.4 6.8 1.5 1.9 14.7

2.4 6.6 1.3 1.6 11.2

2.6 4.9 1.2 1.9 16.0

4.6

11.9

1.8

Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%)

16.9 .. ..

17.2 2.3 18.1

16.1 5.6 19.2

Stability—Financial Markets Stock price volatility

11.2

9.4

7.1

87.2 –0.02 0

79.0 –0.01 0

90.3 –0.02 0

54.4 26.8

40.3 10.3

32.6 4.2

Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax) Efficiency—Financial Markets Stock market turnover ratio (%)

Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

The Little Data Book on Financial Development  2015/2016

31


Bangladesh South Asia

Low income

Gross domestic product ($ billions)

150.0 data

Population (millions)

156.6 data

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%)

28.2 45.4 ..

35.9 53.2 ..

45.5 64.1 ..

Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years)

2.7 1.0 .. .. .. 0.1 .. 11.9 ..

7.5 7.7 .. .. .. 0.2 .. 3.7 ..

14.5 10.8 .. .. .. 0.6 .. 3.7 ..

Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%)

248 6.9 .. .. .. .. .. .. ..

269 7.0 .. .. .. .. 24.7 43.1 ..

577 8.2 39.6 16.6 23.3 34.1 19.8 29.9 27.5

.. .. ..

.. .. ..

.. .. ..

Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax)

2.1 8.2 2.0 0.4 11.5

7.2 6.7 2.2 3.2 5.3

6.3 1.8 4.1 2.3 21.4

Efficiency—Financial Markets Stock market turnover ratio (%)

23.6

134.9

65.1

Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%)

3.0 22.1 8.4

37.1 .. ..

7.0 8.6 10.8

..

..

..

55.6 –0.07 0

41.6 –0.08 0

82.0 0.00 0

1.8 ..

2.0 ..

1.5 ..

Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%)

Stability—Financial Markets Stock price volatility Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

32

2015/2016  The Little Data Book on Financial Development


Barbados

High income

Gross domestic product ($ billions)

4.2

Population (thousands)

284.6

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%) Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years)

56.8 79.2 .. 106.7 15.8 .. .. 7.7 .. .. .. ..

75.0 94.7 ..

.. .. ..

118.6 107.3 5.4 0.4 .. .. .. .. 21.2 31.5 .. 2.1 9.8 .. .. 2.6 5.0 ..

Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%)

.. .. .. .. .. .. .. .. ..

.. 19.3 .. .. .. 58.2 45.5 38.7 58.1

.. 19.2 .. .. .. .. .. .. ..

Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%)

.. .. ..

.. .. ..

.. .. ..

Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax)

5.1 5.9 4.6 1.4 9.8

5.0 5.6 3.1 2.2 24.7

2.9 6.2 0.5 1.9 15.1

Efficiency—Financial Markets Stock market turnover ratio (%)

5.6

3.5

0.4

23.6 .. ..

15.0 .. ..

18.8 .. ..

..

..

..

Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy

.. 0.00 0

97.7 –0.01 0

94.6 –0.01 0

Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

70.2 ..

72.0 ..

84.7 ..

Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%) Stability—Financial Markets Stock price volatility

The Little Data Book on Financial Development  2015/2016

33


Belarus Europe & Central Asia Gross domestic product ($ billions)

Upper middle income 71.7 data

Population (millions)

data 9.5

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%) Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years) Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%) Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%) Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax) Efficiency—Financial Markets Stock market turnover ratio (%) Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%) Stability—Financial Markets Stock price volatility Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

34

9.9 18.0 ..

23.6 35.2 0.1

21.7 44.4 5.9

.. .. .. .. .. 0.1 .. 4.1 ..

.. .. .. .. 0.0 0.1 0.0 1.0 3.0

.. .. .. .. 2.6 1.7 .. .. ..

.. 6.1 .. .. .. .. 11.0 10.3 ..

.. 4.4 .. .. .. 49.5 35.8 .. 33.2

.. 1.6 58.6 6.8 16.1 30.4 27.3 31.8 19.0

.. .. ..

.. .. ..

.. .. ..

8.7 6.5 6.2 5.3 16.2

8.7 0.0 8.1 2.9 14.7

9.8 0.3 6.9 2.0 12.1

..

..

..

18.7 3.7 26.0

10.5 1.7 21.8

9.0 4.4 15.5

..

..

..

100.0 0.29 0

64.5 0.23 0

70.6 0.62 0

.. ..

.. ..

.. ..

2015/2016  The Little Data Book on Financial Development


Belgium

High income

Gross domestic product ($ billions)

524.8

Population (millions)

11.2

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%)

73.3 109.4 ..

92.2 91.6 112.6 114.0 .. ..

Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years)

51.5 13.1 37.3 88.4 49.0 2.6 1.0 4.9 12.0

56.9 47.4 34.8 57.7 65.5 13.1 0.2 2.4 6.4

51.6 20.4 54.2 59.1 76.2 2.5 3.0 4.2 9.1

Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%)

.. 57.2 .. .. .. .. .. .. ..

.. 49.7 .. .. .. .. .. .. ..

.. 41.5 96.3 42.6 10.5 .. .. .. ..

.. .. ..

.. .. ..

.. .. ..

2.8 5.2 1.9 0.8 6.7

2.0 .. 1.4 0.3 5.4

1.9 .. 1.1 0.5 7.7

Efficiency—Financial Markets Stock market turnover ratio (%)

26.0

71.5

40.1

Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%)

44.8 2.6 12.8

41.4 1.7 16.4

46.4 4.3 18.7

Stability—Financial Markets Stock price volatility

26.1

20.9

15.8

Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy

43.9 –0.15 0

60.8 –0.13 1

70.2 –0.09 1

Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

24.1 –14.8

15.6 –27.1

13.8 12.7

Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%) Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax)

The Little Data Book on Financial Development  2015/2016

35


Belize Latin America & Caribbean Gross domestic product ($ billions)

data 1.6

Lower middle income Population (thousands)

331.9 data

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%)

47.9 51.3 11.1

60.9 64.4 ..

55.3 61.2 ..

Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years)

.. .. .. .. 17.6 .. .. .. ..

.. .. .. .. 8.3 .. .. .. ..

.. .. .. .. 6.1 .. .. .. ..

Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%)

587 26.3 .. .. .. .. .. .. ..

1,084 27.9 .. .. .. 43.9 36.7 57.0 43.7

779 25.9 .. .. .. .. .. .. ..

.. .. ..

.. .. ..

.. .. ..

7.6 7.4 3.5 5.4 42.5

5.7 5.7 3.5 2.7 17.6

7.6 8.0 5.4 1.6 8.8

..

..

..

13.9 .. ..

12.7 .. ..

14.5 .. ..

..

..

..

100.0 –0.06 0

92.7 –0.06 0

.. –0.02 0

.. ..

.. ..

.. ..

Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%) Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax) Efficiency—Financial Markets Stock market turnover ratio (%) Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%) Stability—Financial Markets Stock price volatility Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

36

2015/2016  The Little Data Book on Financial Development


Benin Sub-Saharan Africa Gross domestic product ($ billions)

Low income 8.3

Population (millions)

10.3

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%) Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years) Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%) Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%) Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax) Efficiency—Financial Markets Stock market turnover ratio (%) Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%) Stability—Financial Markets Stock price volatility Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

12.5 13.6 ..

19.6 22.9 ..

23.4 28.3 ..

.. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. ..

46 0.9 .. .. .. .. .. .. ..

75 2.4 .. .. .. 45.6 3.8 39.4 42.1

156 3.3 10.5 7.0 4.2 .. .. .. ..

.. .. ..

.. .. ..

.. .. ..

6.0 .. 4.8 0.4 4.7

4.5 .. 3.9 1.3 15.0

2.3 .. 3.7 1.1 15.6

..

..

..

15.3 .. ..

16.7 .. ..

13.3 .. ..

..

..

..

78.2 0.01 0

85.0 –0.01 0

87.5 –0.00 0

.. ..

.. ..

.. ..

The Little Data Book on Financial Development  2015/2016

37


Bermuda

High income

Gross domestic product ($ billions)

data 5.5

Population (thousands)

65.0 data

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%)

.. .. ..

.. .. ..

.. .. ..

.. .. .. .. .. 28.9 21.0 4.6 16.8

.. .. .. .. .. 55.3 15.8 8.8 9.8

.. .. .. .. .. 31.8 22.5 5.8 8.3

Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%)

.. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. ..

Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%)

.. .. ..

.. .. ..

.. .. ..

1.8 .. 2.9 0.9 16.6

2.6 .. 3.1 1.6 16.1

2.2 .. 2.2 0.6 5.7

..

..

..

8.5 .. ..

15.6 .. ..

11.9 .. ..

Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years)

Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax) Efficiency—Financial Markets Stock market turnover ratio (%) Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%) Stability—Financial Markets Stock price volatility

..

..

..

Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy

100.0 –0.06 0

100.0 –0.06 0

97.6 –0.00 0

Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

347.4 ..

245.1 200.6 .. ..

38

2015/2016  The Little Data Book on Financial Development


Bhutan South Asia Gross domestic product ($ billions)

Lower middle income 1.8

Population (thousands)

753.9

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%) Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years) Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%) Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%) Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax) Efficiency—Financial Markets Stock market turnover ratio (%) Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%) Stability—Financial Markets Stock price volatility Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

11.2 15.3 8.8

28.3 30.6 8.2

44.9 50.1 12.6

.. .. .. .. .. .. .. .. ..

.. .. .. .. .. 5.8 .. 10.3 ..

.. .. .. .. .. .. .. .. ..

.. 14.4 .. .. .. .. .. .. ..

.. 12.8 .. .. .. 58.6 64.2 59.5 54.8

.. 16.4 .. .. .. .. .. .. ..

.. .. ..

.. .. ..

.. .. ..

2.9 10.0 0.9 1.3 16.4

4.9 11.8 1.1 1.3 16.7

3.5 8.0 0.9 1.1 6.9

..

..

..

28.3 .. ..

23.2 6.8 17.1

54.6 7.0 20.4

..

..

..

.. –0.08 0 .. ..

The Little Data Book on Financial Development  2015/2016

100.0 100.0 –0.05 –0.07 0 0 .. ..

.. ..

39


Bolivia Latin America & Caribbean Gross domestic product ($ billions)

30.6 data

Lower middle income Population (millions)

10.7 data

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%)

46.9 50.9 ..

31.0 32.5 20.2

37.7 38.4 19.6

Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years)

16.4 0.0 .. .. .. 0.6 .. 7.0 ..

15.7 0.3 .. .. .. .. .. .. ..

15.9 0.1 .. .. 3.7 1.0 .. 3.0 ..

Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%)

116 4.5 .. .. .. .. .. .. ..

272 6.3 .. .. .. 49.1 27.8 40.5 33.3

532 11.7 28.0 17.1 16.6 .. .. .. ..

.. .. ..

.. .. ..

.. .. ..

Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax)

4.8 6.3 6.0 0.3 2.6

6.1 9.2 6.0 2.3 24.5

5.0 9.3 4.5 0.9 11.1

Efficiency—Financial Markets Stock market turnover ratio (%)

0.2

2.3

0.4

11.6 16.7 15.3

10.9 4.3 13.7

8.2 1.5 12.7

..

..

..

56.4 –0.07 0

74.4 –0.06 0

64.8 –0.08 0

3.5 ..

3.8 ..

3.8 ..

Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%)

Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%) Stability—Financial Markets Stock price volatility Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

40

2015/2016  The Little Data Book on Financial Development


Bosnia and Herzegovina Europe & Central Asia Gross domestic product ($ billions)

Upper middle income 17.9

Population (millions)

3.8

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%)

.. .. ..

50.7 53.9 29.0

51.9 59.5 18.8

Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years)

.. .. .. .. .. .. .. .. ..

.. .. .. .. .. 0.8 .. 7.0 ..

.. .. .. .. .. 0.9 .. 15.3 ..

.. 27.1 .. .. .. .. 24.7 20.6 ..

.. 33.7 .. .. .. 65.0 59.7 .. 54.5

.. 31.0 56.2 6.1 13.0 66.3 38.1 46.8 63.0

.. .. ..

.. .. ..

.. .. ..

5.9 6.8 6.4 1.0 7.1

4.1 3.5 3.4 0.4 4.1

4.5 4.0 3.7 –0.5 –3.3

..

..

..

Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%)

15.0 8.4 20.3

10.9 3.1 16.3

14.0 15.1 17.8

Stability—Financial Markets Stock price volatility

20.6

22.3

8.5

49.6 –0.06 0

56.6 –0.05 0

40.5 –0.05 0

.. 18.7

.. –51.2

.. –6.5

Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%) Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%) Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax) Efficiency—Financial Markets Stock market turnover ratio (%)

Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

The Little Data Book on Financial Development  2015/2016

41


Botswana Sub-Saharan Africa Gross domestic product ($ billions)

Upper middle income 14.8 data

Population (millions)

data 2.0

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%)

17.7 19.4 ..

23.0 24.9 ..

30.2 32.6 ..

Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years)

29.2 1.1 .. .. .. 0.4 .. 4.5 ..

41.3 1.1 .. .. .. 9.5 0.1 17.2 1.5

28.5 0.8 .. .. .. 2.5 .. 6.6 ..

Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%)

340 6.6 .. .. .. .. .. .. ..

433 8.7 .. .. .. 50.0 32.8 32.1 40.8

653 9.3 30.3 16.5 5.6 .. .. .. ..

.. .. ..

.. .. ..

.. .. ..

Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax)

3.6 6.5 1.7 1.6 9.2

6.3 7.9 5.0 0.8 6.8

5.0 7.1 3.7 0.9 10.5

Efficiency—Financial Markets Stock market turnover ratio (%)

4.0

3.1

2.7

26.3 .. ..

16.7 .. ..

13.8 .. ..

..

10.9

3.6

83.8 –0.15 0

100.0 –0.00 0

70.1 –0.05 0

10.4 –8.4

10.3 –9.5

12.0 17.0

Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%)

Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%) Stability—Financial Markets Stock price volatility Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

42

2015/2016  The Little Data Book on Financial Development


Brazil Latin America & Caribbean Gross domestic product ($ billions) 2,245.7

Upper middle income Population (millions)

200.4

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%)

27.5 60.7 1.7

42.6 66.5 77.8 104.2 16.9 15.5

Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years)

32.1 9.8 13.1 51.7 17.5 0.5 1.6 3.6 6.9

62.9 40.9 20.6 52.0 7.5 0.9 1.1 6.7 10.5

50.6 36.9 31.4 56.3 11.8 0.9 1.9 4.9 7.5

.. .. .. .. .. .. .. .. ..

473 43.1 .. .. .. 59.2 43.7 52.3 57.5

642 47.7 55.9 10.3 6.3 .. .. .. ..

Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%)

50.9 48.4 2.6

50.4 47.5 4.4

57.2 48.7 7.4

Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax)

7.3 45.1 3.8 2.4 14.6

5.6 35.6 3.1 1.2 9.5

2.7 19.6 1.9 0.4 5.5

Efficiency—Financial Markets Stock market turnover ratio (%)

34.1

69.9

73.3

Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%)

14.3 4.1 18.8

10.8 3.1 17.7

5.8 2.9 16.1

Stability—Financial Markets Stock price volatility

32.1

32.7

22.2

44.1 –0.14 0

63.7 –0.10 0

70.6 –0.07 0

2.0 26.2

2.3 4.0

1.8 –8.2

Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%)

Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

The Little Data Book on Financial Development  2015/2016

43


Brunei Darussalam

High income

Gross domestic product ($ billions)

16.1 data

Population (thousands)

417.8 data

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%)

50.3 51.5 ..

34.5 35.9 0.4

33.9 37.6 0.6

Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years)

.. .. .. .. .. 2.2 .. 10.0 ..

.. .. .. .. .. 3.5 .. 15.0 ..

.. .. .. .. .. 2.1 .. 14.2 ..

Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%)

.. 21.1 .. .. .. .. .. .. ..

Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%)

1,321 1,536 22.8 22.9 .. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. ..

.. .. ..

.. .. ..

5.5 4.5 1.3 0.8 17.4

6.6 4.6 1.8 1.4 24.1

5.5 5.3 1.9 1.3 16.5

..

..

..

5.4 .. ..

7.8 9.4 18.0

8.3 5.4 19.4

Stability—Financial Markets Stock price volatility

..

..

..

Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy

.. .. 0

.. .. 0

.. .. 0

Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

.. ..

.. ..

.. ..

Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax) Efficiency—Financial Markets Stock market turnover ratio (%) Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%)

44

2015/2016  The Little Data Book on Financial Development


Bulgaria Europe & Central Asia Gross domestic product ($ billions)

Upper middle income 54.5

Population (millions)

7.3

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%)

21.5 27.0 ..

63.7 68.4 ..

.. .. ..

Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years)

6.1 0.9 .. .. 22.3 1.8 1.0 13.0 5.0

31.1 7.3 .. .. 6.0 1.2 0.6 12.1 2.0

13.6 0.6 .. .. 6.8 1.2 1.0 9.6 5.0

Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%)

.. 84.3 .. .. .. .. 24.2 25.6 ..

.. 90.6 .. .. .. 40.2 34.7 46.6 33.8

.. 60.2 52.8 4.8 7.8 42.1 23.5 42.3 30.3

.. .. ..

.. .. ..

.. .. ..

2.5 5.6 4.4 0.8 6.9

5.5 6.4 3.3 1.8 18.9

1.6 6.6 1.9 –0.1 –0.5

Efficiency—Financial Markets Stock market turnover ratio (%)

15.3

9.9

5.0

Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%)

14.5 3.2 22.0

16.3 2.4 14.9

14.4 16.9 17.0

Stability—Financial Markets Stock price volatility

32.6

24.2

14.1

Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy

66.3 0.00 0

71.7 –0.04 0

62.7 0.01 0

45.5 125.0

53.3 –31.7

53.0 36.4

Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%) Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax)

Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

The Little Data Book on Financial Development  2015/2016

45


Burkina Faso Sub-Saharan Africa Gross domestic product ($ billions)

Low income 12.9 data

Population (millions)

16.9 data

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%)

12.9 14.0 ..

16.6 17.9 ..

22.5 24.8 ..

Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years)

.. .. .. .. .. 1.4 .. 0.8 ..

.. .. .. .. .. 0.6 .. 4.0 ..

.. .. .. .. .. 2.2 .. 1.0 ..

Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%)

54 1.2 .. .. .. .. .. .. ..

69 1.7 .. .. .. 28.4 25.6 33.1 21.4

116 2.4 13.4 7.9 3.1 .. .. .. ..

.. .. ..

.. .. ..

.. .. ..

6.7 .. 5.4 2.0 22.9

4.2 .. 5.6 –1.3 –18.1

3.7 .. 2.9 2.1 27.4

..

..

..

10.1 .. ..

5.5 .. ..

8.9 .. ..

..

..

..

75.5 –0.10 0

60.0 –0.09 0

93.2 –0.09 0

.. ..

.. ..

.. ..

Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%) Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax) Efficiency—Financial Markets Stock market turnover ratio (%) Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%) Stability—Financial Markets Stock price volatility Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

46

2015/2016  The Little Data Book on Financial Development


Burundi Sub-Saharan Africa Gross domestic product ($ billions)

Low income 2.7

Population (millions)

10.2

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%) Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years) Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%) Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%) Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax) Efficiency—Financial Markets Stock market turnover ratio (%) Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%) Stability—Financial Markets Stock price volatility Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

25.3 27.1 8.6

13.0 16.3 3.2

15.8 18.0 3.3

.. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. ..

12 1.5 .. .. .. .. .. .. ..

18 1.8 .. .. .. 35.3 12.3 25.5 28.9

36 3.1 7.2 3.3 1.7 .. .. .. ..

.. .. ..

.. .. ..

.. .. ..

7.2 .. 5.8 1.5 13.5

7.4 .. 8.1 3.8 39.5

7.3 .. 6.9 1.3 9.3

..

..

..

13.5 .. ..

15.3 9.4 19.7

15.9 9.9 22.3

..

..

..

93.0 0.16 0

94.7 0.05 0

83.9 0.16 0

.. ..

.. ..

.. ..

The Little Data Book on Financial Development  2015/2016

47


Cabo Verde Sub-Saharan Africa Gross domestic product ($ billions)

Lower middle income data 1.9

Population (thousands)

498.9 data

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%) Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years) Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%) Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%)

39.9 55.8 ..

46.6 61.6 ..

61.7 79.9 ..

.. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. ..

877 15.7 .. .. .. .. .. .. ..

1,118 1,659 25.6 31.3 .. .. .. .. .. .. 41.5 .. 35.3 .. 49.8 .. 38.6 ..

.. .. ..

.. .. ..

.. .. ..

.. 8.8 .. .. ..

5.4 6.2 4.2 1.0 17.4

3.7 6.3 3.2 0.5 6.0

Efficiency—Financial Markets Stock market turnover ratio (%)

..

..

..

Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%)

.. .. ..

26.5 .. ..

28.3 .. ..

Stability—Financial Markets Stock price volatility

..

..

..

Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy

.. .. 0

100.0 –0.09 0

90.3 –0.09 0

Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

.. ..

.. ..

.. ..

Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax)

48

2015/2016  The Little Data Book on Financial Development


Cambodia East Asia & Pacific Gross domestic product ($ billions)

Low income 15.2

Population (millions)

15.1

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%)

6.5 6.8 ..

21.0 21.0 ..

40.5 40.6 ..

Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years)

.. .. .. .. .. .. .. .. ..

.. .. .. .. .. 1.3 .. 3.7 ..

.. .. .. .. .. 4.6 .. 4.9 ..

Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%)

.. .. .. .. .. .. .. .. ..

.. 3.1 .. .. .. 20.7 11.3 12.6 20.0

.. 4.8 3.7 0.8 19.5 .. .. .. ..

Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%)

.. .. ..

.. .. ..

.. .. ..

3.2 .. 2.7 1.3 7.8

5.5 .. 2.7 2.3 11.7

4.9 .. 3.0 1.4 8.5

..

..

..

9.8 .. ..

12.9 .. ..

9.9 .. ..

..

..

..

92.6 0.00 0

72.9 0.01 0

47.3 0.05 0

.. ..

.. ..

.. ..

Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax) Efficiency—Financial Markets Stock market turnover ratio (%) Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%) Stability—Financial Markets Stock price volatility Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

The Little Data Book on Financial Development  2015/2016

49


Cameroon Sub-Saharan Africa Gross domestic product ($ billions)

Lower middle income 29.6 data

Population (millions)

22.3 data

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%)

8.9 11.9 ..

9.5 11.6 ..

13.9 17.2 ..

Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years)

.. .. .. .. .. 1.1 .. 0.9 ..

.. .. .. .. .. 0.6 .. 2.2 ..

.. .. .. .. .. 0.3 .. 5.0 ..

Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%)

1 0.5 .. .. .. .. .. .. ..

45 1.2 .. .. .. 30.3 31.4 41.6 19.7

60 2.0 14.8 9.9 4.5 .. .. .. ..

.. .. ..

.. .. ..

.. .. ..

6.3 13.0 3.8 1.7 22.1

4.8 10.8 3.6 1.3 17.9

3.7 .. 5.2 3.1 43.5

..

..

..

18.6 .. ..

15.7 .. ..

18.0 10.3 7.9

..

..

..

62.8 –0.03 0

61.8 –0.03 0

65.5 –0.05 0

.. ..

.. ..

.. ..

Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%) Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax) Efficiency—Financial Markets Stock market turnover ratio (%) Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%) Stability—Financial Markets Stock price volatility Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

50

2015/2016  The Little Data Book on Financial Development


Canada

High income

Gross domestic product ($ billions) 1,826.8

Population (millions)

35.2

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%) Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years) Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%)

117.1 128.4 113.4 87.0 52.3 30.9 58.4 30.2 4.8 1.6 2.8 12.8

126.6 140.7 ..

.. .. ..

105.4 108.0 112.5 75.1 28.2 28.8 47.2 62.8 29.4 39.1 8.1 12.1 2.0 3.7 2.9 3.6 12.4 12.1

.. .. .. .. .. .. .. .. ..

.. 24.5 .. .. .. .. .. .. ..

.. 24.4 95.8 53.2 20.3 .. .. .. ..

74.0 75.7 12.2

63.3 71.1 10.6

81.1 72.2 12.3

2.4 3.6 4.2 0.9 9.8

3.0 3.2 3.7 1.0 13.7

1.8 2.5 1.8 0.8 14.3

Efficiency—Financial Markets Stock market turnover ratio (%)

60.6

108.9

61.4

Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%)

16.9 1.2 13.4

22.1 0.8 12.2

11.9 0.6 14.3

Stability—Financial Markets Stock price volatility

15.4

19.9

12.9

Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy

75.9 –0.28 0

79.2 –0.07 0

60.6 –0.10 0

Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

113.0 0.9

115.5 111.5 –8.3 3.9

Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%) Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax)

The Little Data Book on Financial Development  2015/2016

51


Cayman Islands

High income

Gross domestic product ($ billions)

data..

Population (thousands)

58.4 data

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%)

.. .. ..

.. .. ..

.. .. ..

.. .. .. .. .. .. .. 2.5 ..

.. .. .. .. .. .. .. 7.0 7.1

.. .. .. .. .. .. .. .. ..

Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%)

.. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. ..

Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%)

.. .. ..

.. .. ..

.. .. ..

0.8 .. 0.7 0.5 8.9

0.9 .. 0.7 0.7 11.3

2.6 .. 2.7 0.8 8.6

..

..

..

6.9 .. ..

9.5 .. ..

9.4 .. ..

..

..

..

80.5 –0.03 0

73.5 –0.03 0

94.3 –0.02 0

21.7 ..

19.4 ..

.. ..

Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years)

Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax) Efficiency—Financial Markets Stock market turnover ratio (%) Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%) Stability—Financial Markets Stock price volatility Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

52

2015/2016  The Little Data Book on Financial Development


Central African Republic Sub-Saharan Africa Gross domestic product ($ billions)

Low income 1.5

Population (millions)

4.6

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%) Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years) Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%) Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%) Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax) Efficiency—Financial Markets Stock market turnover ratio (%) Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%) Stability—Financial Markets Stock price volatility Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

6.1 8.5 ..

6.3 8.6 ..

15.7 18.4 ..

.. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. ..

3 0.4 .. .. .. .. .. .. ..

24 0.5 .. .. .. .. .. .. ..

57 1.0 3.3 2.5 0.9 26.0 25.3 25.3 27.7

.. .. ..

.. .. ..

.. .. ..

13.6 13.0 4.8 2.0 15.1

8.4 10.8 7.9 0.2 1.9

7.1 .. 7.7 –1.0 –6.9

..

..

..

13.5 .. ..

10.1 .. ..

11.5 .. ..

..

..

..

.. –0.08 0

.. –0.15 0

.. 0.00 0

.. ..

.. ..

.. ..

The Little Data Book on Financial Development  2015/2016

53


Chad Sub-Saharan Africa Gross domestic product ($ billions)

Low income 13.5 data

Population (millions)

12.8 data

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%) Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years) Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%) Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%) Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax) Efficiency—Financial Markets Stock market turnover ratio (%) Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%) Stability—Financial Markets Stock price volatility Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

54

3.9 6.2 ..

3.2 4.5 ..

5.6 6.7 ..

.. .. .. .. .. 47.8 .. 12.3 ..

.. .. .. .. .. .. .. .. ..

.. .. .. .. .. 4.0 .. 2.0 ..

6 0.4 .. .. .. .. .. .. ..

9 0.5 .. .. .. 20.6 4.2 16.1 25.4

21 0.8 9.0 6.8 6.2 .. .. .. ..

.. .. ..

.. .. ..

.. .. ..

9.8 13.0 5.5 2.2 15.7

11.6 10.8 5.1 2.2 21.2

6.2 .. 4.3 1.6 19.8

..

..

..

19.1 .. ..

13.9 .. ..

10.2 .. ..

..

..

..

100.0 0.00 0

100.0 .. 0

.. .. 0

.. ..

.. ..

.. ..

2015/2016  The Little Data Book on Financial Development


Chile Latin America & Caribbean Gross domestic product ($ billions)

277.2

Upper middle income Population (millions)

17.6

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%)

61.2 62.2 22.9

73.4 74.5 35.9

Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years)

86.5 6.2 .. .. 12.5 6.3 2.7 4.9 12.8

97.9 109.3 22.9 19.4 37.5 36.4 6.1 11.4 5.7 11.1 4.1 2.8 1.2 3.2 10.8 7.4 13.1 16.1

Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%)

72.7 75.2 68.5

1,437 12.5 .. .. .. .. .. .. ..

1,936 15.3 .. .. .. 79.6 44.8 55.1 72.5

.. 17.2 42.2 12.4 7.8 .. .. .. ..

39.7 48.0 ..

40.8 55.8 28.1

42.1 54.3 23.1

Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax)

5.2 3.4 5.6 1.1 8.0

7.9 5.8 5.4 2.4 29.4

4.4 4.1 2.4 1.4 16.4

Efficiency—Financial Markets Stock market turnover ratio (%)

9.7

20.8

16.1

Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%)

25.4 1.6 14.1

15.1 1.0 12.5

16.3 2.1 13.3

Stability—Financial Markets Stock price volatility

15.4

22.1

12.5

Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy

54.1 0.02 0

52.1 0.00 0

.. 0.00 0

Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

15.0 18.4

14.0 –12.2

12.9 –6.1

Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%)

The Little Data Book on Financial Development  2015/2016

55


China East Asia & Pacific Gross domestic product ($ billions) 9,240.3 data

Upper middle income Population (millions)

1,357.4 data

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%) Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years) Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%) Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%) Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax)

117.1 127.8 ..

97.2 128.5 106.6 138.7 .. ..

35.3 25.0 10.4 13.9 1.1 0.6 0.2 6.9 13.1

107.1 155.8 29.3 15.6 1.0 1.6 1.2 9.9 6.1

44.1 84.3 27.5 15.1 2.4 1.0 4.1 5.4 4.7

.. .. .. .. .. .. .. .. ..

8 .. .. .. .. .. .. .. ..

15 7.8 63.8 32.1 7.3 25.3 14.7 22.1 13.9

82.7 78.5 2.5

85.0 65.9 8.8

89.7 78.6 20.0

1.9 3.3 1.4 0.3 8.2

3.1 3.1 1.5 1.0 14.6

2.5 3.0 1.1 1.0 15.7

Efficiency—Financial Markets Stock market turnover ratio (%)

82.3

Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%)

9.3 20.4 2.5

20.6 2.4 12.0

20.3 1.0 12.2

Stability—Financial Markets Stock price volatility

22.3

38.9

18.2

57.8 –0.01 0

29.0 –0.04 0

38.7 –0.03 0

1.0 –6.3

1.2 –28.5

1.8 –1.2

Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

56

113.0 160.7

2015/2016  The Little Data Book on Financial Development


Colombia Latin America & Caribbean Gross domestic product ($ billions)

378.4

Upper middle income Population (millions)

48.3

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%)

20.3 27.7 5.8

32.2 38.1 7.7

37.9 46.1 38.4

Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years)

12.0 0.3 0.3 21.0 12.5 0.2 0.0 4.7 6.0

40.7 4.9 0.3 21.9 7.9 0.6 0.2 7.1 9.3

63.7 7.3 0.6 23.6 9.8 0.9 2.2 4.9 11.0

Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%)

.. 13.4 .. .. .. .. .. .. ..

Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%)

74.6 51.5 1.2

18.8 25.9 1.5

37.4 22.2 2.5

Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax)

5.1 7.4 8.2 1.8 19.9

10.9 7.4 7.9 1.3 11.2

9.9 6.8 7.3 1.5 9.4

3.6

12.6

11.0

Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%)

9.0 6.8 13.0

10.4 3.9 15.4

13.7 2.8 17.0

Stability—Financial Markets Stock price volatility

16.3

23.1

15.1

52.1 –0.06 0

93.1 –0.01 0

74.5 –0.02 0

2.7 59.0

2.1 –16.5

1.6 –3.3

Efficiency—Financial Markets Stock market turnover ratio (%)

Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

The Little Data Book on Financial Development  2015/2016

1,063 1,226 29.3 146.9 .. 30.4 .. 9.2 .. 11.9 57.2 .. 35.0 .. 49.2 .. 50.6 ..

57


Comoros Sub-Saharan Africa Gross domestic product ($ millions)

Low income 598.9 data

Population (thousands)

734.9 data

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%)

7.7 8.1 2.4

10.3 12.1 1.2

22.4 23.1 ..

.. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. ..

75 0.8 .. .. .. .. .. .. ..

50 1.1 .. .. .. .. .. .. ..

88 1.9 21.7 10.8 7.2 .. .. .. ..

.. .. ..

.. .. ..

.. .. ..

.. 8.3 .. .. ..

.. 8.0 .. .. ..

.. 8.8 .. .. ..

Efficiency—Financial Markets Stock market turnover ratio (%)

..

..

..

Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%)

.. .. ..

.. .. ..

.. .. ..

Stability—Financial Markets Stock price volatility

..

..

..

Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy

.. .. 0

.. .. 0

.. .. 0

Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

.. ..

.. ..

.. ..

Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years) Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%) Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%) Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax)

58

2015/2016  The Little Data Book on Financial Development


Congo, Dem. Rep. Sub-Saharan Africa Gross domestic product ($ billions)

Low income 32.7

Population (millions)

67.5

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%) Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years) Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%) Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%) Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax) Efficiency—Financial Markets Stock market turnover ratio (%) Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%) Stability—Financial Markets Stock price volatility Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

0.7 1.0 ..

4.8 5.3 ..

7.0 8.1 ..

.. .. .. .. .. .. .. .. ..

.. .. .. .. .. 0.8 .. 7.0 ..

.. .. .. .. .. 0.4 .. 0.5 ..

0 0.5 .. .. .. .. .. .. ..

5 0.5 .. .. .. 10.7 6.7 8.8 9.1

48 0.7 3.7 1.5 1.5 9.4 7.1 8.7 7.7

.. .. ..

.. .. ..

.. .. ..

6.0 .. 15.7 1.9 20.9

12.3 35.4 12.8 1.7 16.2

8.8 14.7 9.5 0.8 7.1

..

..

..

10.1 .. ..

12.9 .. ..

11.9 .. ..

..

..

..

85.9 –0.13 0

56.9 0.01 0

51.8 –0.03 0

.. ..

.. ..

.. ..

The Little Data Book on Financial Development  2015/2016

59


Congo, Rep. Sub-Saharan Africa Gross domestic product ($ billions)

Lower middle income 14.1 data

Population (millions)

data 4.4

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%)

3.3 4.5 ..

2.8 3.3 ..

10.3 10.9 ..

.. .. .. .. 19.7 3.1 .. 3.6 ..

.. .. .. .. .. 2.1 .. 4.7 ..

.. .. .. .. .. .. .. .. ..

15 0.7 .. .. .. .. .. .. ..

43 1.8 .. .. .. 12.8 7.7 9.7 7.6

98 3.6 9.0 5.5 2.8 .. .. .. ..

.. .. ..

.. .. ..

.. .. ..

.. 13.0 .. .. ..

3.2 10.8 8.3 –1.3 –23.0

4.1 .. 2.4 1.6 36.6

Efficiency—Financial Markets Stock market turnover ratio (%)

..

..

..

Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%)

.. .. ..

2.3 .. ..

3.4 1.2 11.9

Stability—Financial Markets Stock price volatility

..

..

..

Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy

.. .. 0

100.0 0.00 0

.. .. 0

Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

.. ..

.. ..

.. ..

Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years) Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%) Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%) Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax)

60

2015/2016  The Little Data Book on Financial Development


Costa Rica Latin America & Caribbean Gross domestic product ($ billions)

49.6

Upper middle income Population (millions)

4.9

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%)

28.4 34.4 ..

44.5 47.7 ..

48.2 54.1 ..

Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years)

13.0 1.7 .. .. 9.1 0.6 0.2 1.0 10.0

6.6 0.1 .. .. 5.9 1.7 .. 10.2 ..

3.8 0.1 .. .. 7.5 0.1 1.0 5.0 30.0

Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%)

643 16.1 .. .. .. .. 14.9 15.8 ..

1,006 20.2 .. .. .. 56.8 22.2 30.1 41.2

993 22.3 50.4 19.9 10.0 .. .. .. ..

.. .. ..

.. .. ..

.. .. ..

6.1 15.2 4.7 2.1 17.3

5.5 11.7 4.9 1.6 14.6

4.4 11.3 3.3 0.8 6.1

1.4

1.9

1.9

23.0 1.7 16.5

20.1 1.5 15.5

22.2 1.7 16.6

..

..

..

53.8 –0.12 0

63.8 –0.20 0

66.8 –0.10 0

4.8 ..

2.4 ..

1.9 ..

Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%) Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax) Efficiency—Financial Markets Stock market turnover ratio (%) Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%) Stability—Financial Markets Stock price volatility Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

The Little Data Book on Financial Development  2015/2016

61


Côte d’lvoire Sub-Saharan Africa Gross domestic product ($ billions)

Lower middle income 31.1 data

Population (millions)

20.3 data

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%)

12.9 16.3 ..

15.8 19.5 ..

18.2 24.2 ..

Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years)

11.9 0.2 .. .. 9.1 1.5 .. 6.8 ..

34.0 1.0 .. .. 5.3 0.2 .. 3.5 ..

25.0 0.5 .. .. 9.0 1.5 .. 3.3 ..

77 1.4 .. .. .. .. .. .. ..

83 2.5 .. .. .. 11.5 13.9 8.3 10.1

197 4.8 .. .. .. .. .. .. ..

.. .. ..

.. .. ..

.. .. ..

Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax)

6.0 .. 6.6 0.5 4.5

4.7 .. 5.9 1.7 17.6

3.1 .. 5.6 0.6 16.6

Efficiency—Financial Markets Stock market turnover ratio (%)

1.5

3.8

2.4

20.1 .. ..

18.6 .. ..

14.1 .. ..

..

..

..

71.8 –0.04 0

61.0 –0.09 0

63.6 –0.08 0

2.2 ..

2.1 ..

1.9 ..

Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%) Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%)

Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%) Stability—Financial Markets Stock price volatility Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

62

2015/2016  The Little Data Book on Financial Development


Croatia

High income

Gross domestic product ($ billions)

57.9

Population (millions)

4.3

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%)

42.8 54.7 ..

61.2 74.2 ..

69.9 97.5 ..

Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years)

15.6 0.6 1.1 11.6 18.3 3.3 0.4 7.9 2.9

71.3 5.7 1.9 15.7 9.0 1.5 0.1 12.6 10.0

37.0 1.2 1.1 26.7 23.8 1.7 2.9 8.3 6.5

Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%)

.. 28.9 .. .. .. .. 35.8 32.6 ..

Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%)

1,413 1,394 34.4 34.5 .. 88.4 .. 12.2 .. 14.4 67.3 53.4 60.0 27.1 63.2 38.0 60.2 50.6

.. .. 8.0

.. .. 10.5

.. .. 2.1

3.9 10.1 3.1 1.1 10.6

3.6 7.2 2.9 0.8 6.1

3.2 7.7 2.7 –0.3 –2.8

4.4

6.8

2.4

Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%)

21.6 8.9 16.5

27.0 4.9 15.1

21.9 15.4 20.9

Stability—Financial Markets Stock price volatility

24.2

23.7

10.9

60.0 –0.10 0

61.7 –0.11 0

68.7 –0.06 0

14.9 1.3

80.3 –25.5

43.1 6.9

Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax) Efficiency—Financial Markets Stock market turnover ratio (%)

Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

The Little Data Book on Financial Development  2015/2016

63


Cuba Latin America & Caribbean Gross domestic product ($ billions)

68.2 data

Upper middle income Population (millions)

11.3 data

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%)

.. .. ..

.. .. ..

.. .. ..

Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years)

.. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. ..

Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%)

.. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. ..

Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%)

.. .. ..

.. .. ..

.. .. ..

3.6 .. 7.5 2.5 21.8

1.8 .. 0.3 1.3 17.6

1.6 .. 0.2 1.3 12.9

..

..

..

14.7 .. ..

9.8 .. ..

11.8 .. ..

..

..

..

Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax) Efficiency—Financial Markets Stock market turnover ratio (%) Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%) Stability—Financial Markets Stock price volatility Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

64

93.0 –0.02 0

100.0 .. 0.00 –0.02 0 0

.. ..

2015/2016  The Little Data Book on Financial Development

.. ..

.. ..


Cyprus

High income

Gross domestic product ($ billions)

21.9

Population (millions)

1.1

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%)

159.1 182.3 40.9

220.8 313.9 242.5 350.0 46.2 ..

Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years)

40.3 3.9 6.0 35.7 21.2 0.6 0.1 3.7 4.0

78.6 15.9 6.0 26.1 34.8 12.7 1.9 5.1 8.0

10.2 1.6 .. 18.2 38.4 1.4 2.4 8.1 7.3

Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%)

.. 67.1 .. .. .. .. .. .. ..

.. 53.2 .. .. .. .. .. .. ..

.. 41.6 85.2 30.4 27.0 .. .. .. ..

Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%)

25.1 28.2 ..

9.7 27.9 ..

2.0 10.7 ..

Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax)

4.4 3.4 4.4 1.6 20.2

3.6 3.3 1.9 –2.5 11.4

5.5 .. 2.9 1.9 19.8

Efficiency—Financial Markets Stock market turnover ratio (%)

5.7

11.4

12.6

Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%)

6.6 .. ..

–0.2 3.6 11.0

8.8 33.7 14.3

..

..

..

Stability—Financial Markets Stock price volatility Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy

93.2 –0.14 0

94.9 100.0 –0.07 –0.08 0 0

Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

152.3 ..

125.3 ..

The Little Data Book on Financial Development  2015/2016

98.3 ..

65


Czech Republic

High income

Gross domestic product ($ billions)

208.8 data

Population (millions)

10.5 data

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%)

28.0 46.7 ..

48.0 60.8 ..

.. .. ..

Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years)

18.2 8.0 6.9 20.5 1.5 2.0 0.0 4.1 10.0

29.7 20.2 9.8 22.8 5.6 0.7 0.5 3.0 21.3

17.6 5.9 12.8 25.4 17.4 3.2 1.3 4.5 8.7

Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%)

.. 21.0 .. .. .. .. 22.1 21.4 ..

.. 22.7 .. .. .. 46.6 33.4 .. 39.7

.. 24.3 80.7 35.5 9.5 55.1 34.3 45.5 50.9

.. .. ..

.. .. ..

.. .. ..

Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax)

1.4 4.6 1.9 0.8 13.1

1.8 4.6 1.0 1.1 15.0

1.5 4.1 0.9 0.7 7.6

Efficiency—Financial Markets Stock market turnover ratio (%)

48.6

61.6

28.1

Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%)

39.8 4.9 14.5

50.1 2.8 11.6

56.8 5.2 16.5

Stability—Financial Markets Stock price volatility

20.0

25.1

16.6

Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy

53.3 0.10 0

63.3 0.09 0

69.0 0.07 0

Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

6.2 27.3

1.7 –23.0

1.6 2.7

Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%)

66

2015/2016  The Little Data Book on Financial Development


Denmark

High income

Gross domestic product ($ billions)

335.9

Population (millions)

5.6

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%)

148.0 161.0 ..

208.3 216.8 ..

Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years)

49.2 29.7 142.1 55.9 16.4 2.0 0.6 3.7 8.5

61.7 61.2 67.7 38.4 163.3 183.5 31.7 44.6 38.5 51.0 4.4 3.7 0.0 1.3 2.9 4.6 5.1 9.6

Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%)

.. .. ..

.. 50.0 .. .. .. .. .. .. ..

.. 50.4 .. .. .. .. .. .. ..

.. 30.3 99.7 56.5 18.8 .. .. .. ..

.. .. 0.4

.. .. 0.3

.. .. 0.2

Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax)

4.5 4.7 4.1 2.2 18.5

2.7 .. 2.5 –1.0 –5.7

4.0 .. 2.9 0.5 4.5

Efficiency—Financial Markets Stock market turnover ratio (%)

62.4

97.9

53.5

Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%)

8.4 0.8 13.8

5.7 1.2 12.4

7.5 4.6 19.2

Stability—Financial Markets Stock price volatility

23.9

23.2

16.6

34.0 –0.08 0

37.9 –0.06 1

46.0 –0.04 1

34.7 –6.9

39.3 –20.2

31.1 19.3

Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%)

Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

The Little Data Book on Financial Development  2015/2016

67


Djibouti Middle East & North Africa Gross domestic product ($ billions)

data 1.5

Lower middle income Population (thousands)

872.9 data

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%) Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years) Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%) Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%) Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax) Efficiency—Financial Markets Stock market turnover ratio (%) Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%) Stability—Financial Markets Stock price volatility Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

68

22.8 25.3 ..

22.8 24.9 ..

28.7 32.2 ..

.. .. .. .. .. .. .. .. ..

.. .. .. .. .. 31.0 .. 10.0 ..

.. .. .. .. .. .. .. .. ..

24 2.1 .. .. .. .. .. .. ..

42 3.0 .. .. .. .. .. .. ..

120 5.1 12.3 3.4 4.5 30.5 24.3 25.3 23.6

.. .. ..

.. .. ..

.. .. ..

2.7 10.5 3.6 0.5 7.5

4.9 9.4 2.7 2.0 37.6

4.3 9.1 3.0 1.8 21.7

..

..

..

10.2 .. ..

9.8 .. ..

15.0 .. ..

..

..

..

.. –0.03 0

100.0 100.0 –0.03 –0.03 0 0

.. ..

2015/2016  The Little Data Book on Financial Development

.. ..

.. ..


Dominica Latin America & Caribbean Gross domestic product ($ millions)

516.7

Upper middle income Population (thousands)

72.0

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%)

46.8 60.0 ..

48.7 55.9 ..

55.7 64.9 ..

.. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. ..

.. 24.9 .. .. .. .. .. .. ..

.. 24.1 .. .. .. 32.8 46.2 37.9 15.3

.. 23.3 .. .. .. .. .. .. ..

.. .. ..

.. .. ..

.. .. ..

.. 7.8 .. .. ..

2.4 5.9 3.1 1.5 11.1

2.9 6.0 2.6 –0.7 –6.6

Efficiency—Financial Markets Stock market turnover ratio (%)

..

..

..

Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%)

.. .. ..

11.9 .. ..

7.2 .. ..

Stability—Financial Markets Stock price volatility

..

..

..

Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy

.. .. 0

.. .. 0

.. .. 0

Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

.. ..

.. ..

.. ..

Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years) Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%) Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%) Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax)

The Little Data Book on Financial Development  2015/2016

69


Dominican Republic Latin America & Caribbean Gross domestic product ($ billions)

61.2 data

Upper middle income Population (millions)

10.4 data

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%)

28.2 31.8 6.7

19.8 22.7 2.6

22.0 27.0 6.6

Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years)

.. .. .. .. 5.9 0.6 0.5 8.0 10.0

.. .. .. .. 3.8 1.1 1.5 7.0 7.3

.. .. .. .. 5.6 0.1 0.9 5.9 7.0

.. 9.8 .. .. .. .. .. .. ..

.. 9.9 .. .. .. 56.9 39.1 72.4 49.8

677 11.7 38.2 16.0 13.9 .. .. .. ..

.. .. ..

.. .. ..

.. .. ..

4.7 10.9 5.3 0.9 8.2

11.2 9.6 7.7 2.3 20.1

10.4 7.6 7.4 1.9 14.7

..

..

..

21.0 8.7 8.9

28.0 3.7 17.1

29.4 2.3 16.7

..

..

..

73.6 –0.22 1

76.2 –0.15 0

63.2 –0.11 0

.. ..

.. ..

.. ..

Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%) Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%) Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax) Efficiency—Financial Markets Stock market turnover ratio (%) Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%) Stability—Financial Markets Stock price volatility Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

70

2015/2016  The Little Data Book on Financial Development


Ecuador Latin America & Caribbean Gross domestic product ($ billions)

94.5

Upper middle income Population (millions)

15.7

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%)

16.5 18.0 0.5

20.7 20.9 0.7

25.7 26.8 2.5

Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years)

6.1 0.1 .. .. 19.7 0.0 .. 5.0 ..

7.3 0.4 .. .. 10.5 0.2 .. 10.0 ..

6.7 0.1 .. .. 1.9 0.2 .. 5.3 ..

Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%)

338 12.8 .. .. .. .. .. .. ..

420 17.5 .. .. .. 48.9 17.0 42.3 43.5

633 80.1 36.7 14.5 10.6 .. .. .. ..

.. .. ..

.. .. ..

.. .. ..

7.8 8.0 8.4 –0.8 16.6

6.4 9.7 6.6 1.2 13.0

6.2 .. 4.7 0.9 10.5

1.9

3.5

2.3

Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%)

–5.0 7.9 12.2

–3.0 3.4 19.9

0.7 3.6 17.7

Stability—Financial Markets Stock price volatility

31.9

23.8

5.9

40.8 –0.03 0

53.0 0.02 0

63.7 –0.00 0

2.3 6.3

2.6 –0.9

2.9 4.9

Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%) Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax) Efficiency—Financial Markets Stock market turnover ratio (%)

Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

The Little Data Book on Financial Development  2015/2016

71


Egypt, Arab Rep. Middle East & North Africa Gross domestic product ($ billions)

272.0 data

Lower middle income Population (millions)

82.1 data

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%)

51.7 82.8 7.5

42.3 69.6 5.3

25.6 63.0 ..

Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years)

29.7 3.3 .. .. 2.0 3.4 0.4 10.0 5.1

76.2 40.0 .. .. 4.2 6.0 0.3 6.0 4.9

20.1 8.0 .. .. 2.2 0.0 .. 4.0 ..

.. 3.9 .. .. .. .. .. .. ..

.. 4.6 .. .. .. 17.4 5.6 7.5 5.1

396 4.9 9.7 0.7 3.7 .. .. .. ..

48.9 51.7 ..

59.0 51.7 ..

43.7 49.9 ..

1.2 5.3 1.1 0.4 6.5

1.8 5.7 1.4 0.6 11.0

3.6 4.6 1.8 1.0 13.5

Efficiency—Financial Markets Stock market turnover ratio (%)

13.3

56.1

38.1

Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%)

28.4 24.2 11.1

29.3 14.8 14.7

39.7 9.3 13.7

Stability—Financial Markets Stock price volatility

27.0

22.8

27.1

64.3 –0.05 0

64.2 –0.08 0

64.7 –0.08 0

13.9 63.1

4.9 8.8

2.9 11.3

Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%) Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%) Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax)

Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

72

2015/2016  The Little Data Book on Financial Development


El Salvador Latin America & Caribbean Gross domestic product ($ billions)

24.3

Lower middle income Population (millions)

6.3

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%)

39.6 42.7 1.6

41.9 44.3 1.9

40.2 43.1 26.9

Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years)

12.1 0.1 .. .. 14.2 0.9 .. 4.0 ..

27.3 0.1 .. .. 17.2 0.9 .. 5.0 ..

34.1 0.3 .. .. 20.0 0.5 1.3 5.0 10.0

Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%)

.. .. .. .. .. .. .. .. ..

.. 11.7 .. .. .. 53.1 31.7 44.5 45.8

.. 9.8 13.8 12.9 3.9 .. .. .. ..

Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%)

.. .. ..

.. .. ..

.. .. ..

Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax)

6.8 .. 4.1 0.8 7.0

5.0 .. 2.9 1.4 11.8

6.4 .. 3.4 2.0 14.7

Efficiency—Financial Markets Stock market turnover ratio (%)

0.6

0.5

0.6

19.6 2.8 12.8

19.6 2.8 15.4

20.9 2.3 17.7

..

..

..

97.8 –0.17 0

96.6 –0.07 0

93.3 –0.08 0

5.6 ..

7.8 ..

10.2 ..

Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%) Stability—Financial Markets Stock price volatility Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

The Little Data Book on Financial Development  2015/2016

73


Equatorial Guinea

High income

Gross domestic product ($ billions)

15.6 data

Population (thousands)

757.0 data

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%)

3.3 3.5 ..

3.9 4.1 ..

9.2 9.5 ..

.. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. ..

.. .. .. .. .. 3.6 .. 6.0 ..

.. 3.4 .. .. .. .. .. .. ..

160 4.0 .. .. .. .. .. .. ..

152 6.5 .. .. .. .. .. .. ..

.. .. ..

.. .. ..

.. .. ..

2.9 13.0 2.3 1.6 25.8

2.8 10.8 3.1 1.5 30.6

2.9 .. 2.5 1.0 22.0

..

..

..

4.4 .. ..

3.8 .. ..

4.0 .. ..

Stability—Financial Markets Stock price volatility

..

..

..

Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy

.. .. 0

.. .. 0

.. .. 0

Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

.. ..

.. ..

.. ..

Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years) Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%) Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%) Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax) Efficiency—Financial Markets Stock market turnover ratio (%) Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%)

74

2015/2016  The Little Data Book on Financial Development


Eritrea Sub-Saharan Africa Gross domestic product ($ billions)

Low income 3.4

Population (millions)

6.3

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%)

.. .. ..

.. .. ..

.. .. ..

Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years)

.. .. .. .. .. .. .. .. ..

.. .. .. .. .. 24.0 .. 4.0 ..

.. .. .. .. .. .. .. .. ..

Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%)

.. .. .. .. .. .. .. .. ..

.. .. .. .. .. 10.9 11.9 5.7 6.6

.. .. .. .. .. .. .. .. ..

Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%)

.. .. ..

.. .. ..

.. .. ..

.. .. 0.1 2.5 47.9

1.3 .. 0.6 0.7 13.5

.. .. .. .. ..

..

..

..

7.6 .. ..

6.1 .. ..

.. .. ..

..

..

..

.. 0.00 0

.. .. 0

.. .. 0

.. ..

.. ..

.. ..

Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax) Efficiency—Financial Markets Stock market turnover ratio (%) Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%) Stability—Financial Markets Stock price volatility Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

The Little Data Book on Financial Development  2015/2016

75


Estonia

High income

Gross domestic product ($ billions)

24.9 data

Population (millions)

data 1.3

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%)

45.5 47.4 ..

95.1 96.8 ..

74.9 78.1 ..

Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years)

34.3 4.4 .. .. 4.1 1.6 0.1 6.7 3.0

18.0 6.5 .. .. 2.3 0.8 0.0 8.0 3.0

8.5 0.9 .. .. 5.3 2.5 0.6 5.0 5.4

Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%)

.. 18.6 .. .. .. .. 26.6 24.3 ..

Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%)

1,698 2,204 23.8 13.7 .. 96.8 .. 28.9 .. 7.7 50.8 40.1 41.5 32.8 .. 24.1 43.7 37.8

.. .. ..

.. .. ..

.. .. ..

Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax)

3.1 3.1 2.5 3.2 21.1

2.3 2.8 8.9 5.2 27.3

7.6 4.9 4.2 1.8 9.5

Efficiency—Financial Markets Stock market turnover ratio (%)

16.7

17.9

9.4

Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%)

11.6 0.4 12.5

9.0 1.9 18.9

7.5 1.5 20.0

Stability—Financial Markets Stock price volatility

16.4

18.3

12.7

Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy

97.6 0.04 0

93.4 0.06 0

99.6 0.08 0

Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

10.2 40.0

13.5 –40.4

12.1 28.7

76

2015/2016  The Little Data Book on Financial Development


Ethiopia Sub-Saharan Africa Gross domestic product ($ billions)

Low income 47.5

Population (millions)

94.1

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%) Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years) Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%) Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%) Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax) Efficiency—Financial Markets Stock market turnover ratio (%) Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%) Stability—Financial Markets Stock price volatility Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

17.9 33.4 3.2

17.2 25.3 3.5

.. .. ..

.. .. .. .. .. .. .. .. ..

.. .. .. .. .. 0.9 .. 11.2 ..

.. .. .. .. .. 2.4 .. 12.0 ..

.. 0.8 .. .. .. .. .. .. ..

78 1.2 .. .. .. 46.0 10.9 40.7 30.8

137 2.9 .. .. .. 15.8 16.6 13.6 3.1

.. .. ..

.. .. ..

.. .. ..

3.2 3.7 2.9 1.2 13.5

4.1 3.3 2.1 3.0 26.4

4.5 .. 2.9 3.0 24.7

..

..

..

11.2 .. ..

15.9 .. ..

16.1 .. ..

..

..

..

77.2 0.01 0

86.3 –0.03 0

57.6 –0.03 0

.. ..

.. ..

.. ..

The Little Data Book on Financial Development  2015/2016

77


Faeroe Islands

High income

Gross domestic product ($ billions)

data..

Population (thousands)

49.5 data

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%)

.. .. ..

.. .. ..

.. .. ..

Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years)

.. .. .. .. .. .. .. .. ..

.. .. .. .. .. 0.9 .. 0.8 ..

.. .. .. .. .. .. .. 3.0 5.0

Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%)

.. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. ..

Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%)

.. .. ..

.. .. ..

.. .. ..

Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax)

.. .. .. .. ..

.. .. .. .. ..

.. .. .. .. ..

Efficiency—Financial Markets Stock market turnover ratio (%)

..

..

..

Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%)

.. .. ..

.. .. ..

.. .. ..

Stability—Financial Markets Stock price volatility

..

..

..

Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy

.. .. 0

.. .. 0

.. .. 0

Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

.. ..

.. ..

.. ..

78

2015/2016  The Little Data Book on Financial Development


Fiji East Asia & Pacific Gross domestic product ($ billions)

Lower middle income 3.9

Population (thousands)

881.1

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%)

28.4 35.1 68.5

56.5 65.1 93.7

61.8 67.1 75.6

Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years)

18.8 0.2 .. .. .. .. .. .. ..

15.9 0.1 .. .. .. .. .. .. ..

11.0 0.2 .. .. .. .. .. .. ..

.. 9.3 .. .. .. .. .. .. ..

.. 11.6 .. .. .. 37.8 37.1 50.7 25.7

.. 11.1 .. .. .. .. .. .. ..

.. .. ..

.. .. ..

.. .. ..

Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax)

.. 5.7 .. .. ..

5.1 5.2 4.8 0.7 10.3

.. 4.0 .. .. ..

Efficiency—Financial Markets Stock market turnover ratio (%)

0.5

0.5

1.6

Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%)

.. .. ..

.. .. ..

.. .. ..

Stability—Financial Markets Stock price volatility

..

..

..

Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy

.. .. 0

.. .. 0

.. .. 0

18.4 ..

19.0 ..

18.3 ..

Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%) Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%)

Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

The Little Data Book on Financial Development  2015/2016

79


Finland

High income

Gross domestic product ($ billions)

267.3 data

Population (millions)

data 5.4

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%) Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years)

61.0 66.1 ..

83.5 100.5 87.4 107.7 .. ..

98.7 110.0 24.0 20.1 33.3 8.2 1.0 5.1 9.6

98.9 174.2 24.9 9.6 24.4 4.0 0.1 4.7 7.3

57.2 56.6 21.4 12.2 49.1 3.3 2.6 3.9 6.6

.. 13.2 .. .. .. .. .. .. ..

.. 16.1 .. .. .. .. .. .. ..

.. 12.3 99.7 56.1 23.9 .. .. .. ..

.. .. ..

.. .. ..

.. .. ..

1.2 2.9 0.9 0.4 8.8

1.6 .. 2.1 –0.4 –11.3

2.7 .. 2.0 0.6 6.7

Efficiency—Financial Markets Stock market turnover ratio (%)

96.8

139.1

86.1

Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%)

12.5 0.5 18.7

0.7 0.4 13.6

2.8 0.5 16.0

Stability—Financial Markets Stock price volatility

37.8

25.4

21.2

Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy

100.0 0.50 0

94.2 0.00 0

76.1 –0.06 0

Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

27.2 –14.2

23.7 –23.8

22.0 12.7

Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%) Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%) Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax)

80

2015/2016  The Little Data Book on Financial Development


France

High income

Gross domestic product ($ billions) 2,806.4

Population (millions)

65.9

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%)

86.2 104.5 ..

106.8 114.3 123.5 133.2 .. ..

Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years)

68.2 60.4 40.6 54.7 34.9 3.9 2.9 4.2 10.2

77.0 119.4 51.2 52.4 53.7 4.7 2.2 5.6 6.5

61.0 46.4 56.3 63.1 68.4 5.0 3.5 5.1 7.2

Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%)

.. 21.6 .. .. .. .. .. .. ..

.. 44.5 .. .. .. .. .. .. ..

.. 38.7 97.0 49.5 18.6 .. .. .. ..

.. .. ..

.. .. ..

.. .. ..

Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax)

2.6 3.9 3.1 –0.2 –2.2

1.9 .. 2.0 0.4 6.9

1.8 .. 1.8 0.4 6.1

Efficiency—Financial Markets Stock market turnover ratio (%)

87.6

145.1

68.8

Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%)

9.7 4.8 11.9

9.1 2.8 10.5

9.1 4.5 15.4

Stability—Financial Markets Stock price volatility

35.1

23.5

20.8

Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy

24.2 –0.05 0

31.0 –0.04 1

30.8 –0.02 1

Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

15.0 –17.5

15.0 –24.2

13.1 18.1

Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%)

The Little Data Book on Financial Development  2015/2016

81


French Polynesia

High income

Gross domestic product ($ billions)

data..

Population (thousands)

276.8 data

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%)

.. .. ..

.. .. ..

.. .. ..

Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years)

.. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. ..

Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%)

.. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. ..

Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%)

.. .. ..

.. .. ..

.. .. ..

Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax)

.. .. .. .. ..

.. .. .. .. ..

.. .. .. .. ..

Efficiency—Financial Markets Stock market turnover ratio (%)

..

..

..

Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%)

.. .. ..

.. .. ..

.. .. ..

Stability—Financial Markets Stock price volatility

..

..

..

Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy

.. .. 0

.. .. 0

.. .. 0

Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

.. ..

.. ..

.. ..

82

2015/2016  The Little Data Book on Financial Development


Gabon Sub-Saharan Africa Gross domestic product ($ billions)

Upper middle income 19.3

Population (millions)

1.7

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%)

11.2 14.4 ..

9.3 11.6 ..

11.7 15.5 ..

Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years)

.. .. .. .. .. 0.3 .. 4.3 ..

.. .. .. .. 6.8 3.8 .. 8.0 ..

.. .. .. .. 10.7 1.6 .. 3.0 ..

Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%)

11 3.6 .. .. .. .. .. .. ..

147 4.1 .. .. .. 9.0 6.3 8.5 4.1

235 10.7 18.9 8.7 2.3 .. .. .. ..

.. .. ..

.. .. ..

.. .. ..

4.6 13.0 6.5 0.1 1.0

7.0 10.8 5.9 2.2 24.5

0.9 .. 2.7 1.2 16.2

..

..

..

13.9 13.9 19.9

12.6 8.5 19.4

10.3 3.4 17.1

..

..

..

Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%) Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax) Efficiency—Financial Markets Stock market turnover ratio (%) Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%) Stability—Financial Markets Stock price volatility Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

100.0 –0.03 0 .. ..

The Little Data Book on Financial Development  2015/2016

100.0 100.0 –0.09 –0.07 0 0 .. ..

.. ..

83


Gambia, The Sub-Saharan Africa Gross domestic product ($ millions)

Low income 903.5 data

Population (millions)

data 1.8

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%) Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years) Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%) Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%) Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax) Efficiency—Financial Markets Stock market turnover ratio (%) Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%) Stability—Financial Markets Stock price volatility Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

84

26.1 43.5 ..

12.5 25.3 ..

14.6 40.2 ..

.. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. ..

.. 4.3 .. .. .. .. .. .. ..

.. 7.4 .. .. .. 16.6 7.6 14.3 8.1

.. 8.8 .. .. .. .. .. .. ..

.. .. ..

.. .. ..

.. .. ..

9.7 12.9 7.1 6.3 62.6

8.6 14.1 8.2 3.3 30.6

6.6 14.6 6.1 2.0 20.3

..

..

..

7.9 .. ..

6.9 .. ..

5.5 .. ..

..

..

..

100.0 –0.18 0

89.6 100.0 –0.02 0.02 0 0

.. ..

2015/2016  The Little Data Book on Financial Development

.. ..

.. ..


Georgia Europe & Central Asia Gross domestic product ($ billions)

Lower middle income 16.1

Population (millions)

4.5

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%)

7.8 8.9 ..

29.6 30.2 ..

36.3 39.3 ..

Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years)

3.8 0.1 .. .. .. .. .. .. ..

7.6 0.2 .. .. 1.7 0.2 5.1 5.0 6.6

5.5 0.0 .. .. 11.2 0.3 4.7 3.4 8.4

188 9.2 .. .. .. .. 23.4 29.0 ..

482 19.4 .. .. .. 41.8 38.2 .. 29.1

835 24.9 33.0 1.0 11.0 35.7 22.0 27.6 30.3

.. .. ..

.. .. ..

.. .. ..

13.6 14.9 6.7 4.7 18.3

10.8 6.8 5.9 –1.3 –7.3

9.0 3.9 5.0 3.7 18.5

0.5

0.8

0.2

13.6 2.4 34.0

6.5 4.1 13.9

11.0 3.0 17.2

..

..

..

90.3 –0.11 0

91.9 –0.02 0

87.9 –0.11 0

64.2 ..

34.9 ..

29.6 ..

Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%) Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%) Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax) Efficiency—Financial Markets Stock market turnover ratio (%) Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%) Stability—Financial Markets Stock price volatility Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

The Little Data Book on Financial Development  2015/2016

85


Germany

High income

Gross domestic product ($ billions) 3,730.3 data

Population (millions)

80.7 data

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%)

116.3 143.5 ..

106.5 96.8 126.4 118.3 .. ..

Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years)

38.1 52.5 46.7 40.4 51.5 3.9 2.4 3.6 7.1

45.1 89.8 35.4 39.6 63.4 2.1 1.9 5.1 5.2

36.5 40.5 24.0 50.1 57.5 4.3 2.7 4.7 6.8

Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%)

.. 21.3 .. .. .. .. 45.0 42.2 ..

.. 16.3 .. .. .. .. .. .. ..

.. 14.7 98.1 55.9 12.5 .. .. .. ..

Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%)

41.0 55.6 ..

63.7 48.9 ..

54.6 54.0 ..

Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax)

3.2 7.0 3.5 –0.1 –2.0

1.5 .. 1.6 0.2 4.0

1.6 .. 1.6 0.4 7.3

120.4

183.8

94.9

Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%)

35.0 5.2 12.4

28.3 2.9 13.6

34.8 2.7 19.2

Stability—Financial Markets Stock price volatility

Efficiency—Financial Markets Stock market turnover ratio (%)

38.1

21.9

18.5

Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy

45.1 –0.02 0

55.4 –0.03 1

60.1 –0.03 1

Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

8.3 –21.7

7.8 –17.7

8.3 22.9

86

2015/2016  The Little Data Book on Financial Development


Ghana Sub-Saharan Africa Gross domestic product ($ billions)

Lower middle income 48.1

Population (millions)

25.9

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%)

10.9 22.8 ..

13.6 21.3 ..

14.2 24.1 ..

Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years)

14.3 0.4 .. .. 4.3 8.8 .. 1.0 ..

9.7 0.4 .. .. 2.5 3.5 .. 1.0 ..

7.5 0.2 .. .. 2.7 2.6 .. 1.1 ..

Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%)

178 3.1 .. .. .. .. .. .. ..

247 4.8 .. .. .. 22.2 16.0 21.4 13.0

470 6.0 29.4 16.1 5.8 23.3 21.2 25.3 19.9

.. .. ..

.. .. ..

.. .. ..

13.4 .. 7.8 4.9 50.1

9.6 .. 8.6 1.6 17.5

10.7 .. 5.7 5.0 31.8

4.2

5.4

1.7

9.6 18.3 9.3

6.8 7.7 13.8

13.1 12.0 18.5

..

..

9.1

100.0 –0.22 0

64.9 –0.15 0

70.1 –0.13 0

1.2 ..

1.5 ..

1.3 74.4

Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%) Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax) Efficiency—Financial Markets Stock market turnover ratio (%) Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%) Stability—Financial Markets Stock price volatility Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

The Little Data Book on Financial Development  2015/2016

87


Greece

High income

Gross domestic product ($ billions)

242.2 data

Population (millions)

11.0 data

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%)

59.3 83.2 ..

Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years)

46.9 16.9 1.1 65.1 28.7 1.0 1.8 5.4 9.7

53.3 30.0 10.9 50.7 52.1 2.2 1.1 8.0 4.3

15.1 7.5 34.1 53.3 92.9 1.6 2.4 5.3 5.8

Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%)

.. 33.6 .. .. .. .. 25.9 26.3 ..

.. 41.8 .. .. .. .. .. .. ..

.. 31.6 77.9 19.9 7.9 .. .. .. ..

Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%)

55.4 49.9 ..

20.0 42.0 ..

10.6 9.7 ..

2.3 4.3 4.2 0.1 0.8

2.0 .. 2.0 0.1 0.9

1.9 .. 1.5 –0.7 –7.3

Efficiency—Financial Markets Stock market turnover ratio (%)

40.9

25.5

39.3

Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%)

1.3 7.0 12.0

1.3 4.7 10.0

1.5 31.9 13.5

Stability—Financial Markets Stock price volatility

19.4

23.9

37.5

Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax)

94.0 124.6 109.8 138.2 .. ..

Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy

100.0 0.00 0

100.0 100.0 –0.16 –0.09 1 1

Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

30.8 –11.0

26.8 –30.4

88

2015/2016  The Little Data Book on Financial Development

24.1 40.9


Grenada Latin America & Caribbean Gross domestic product ($ millions)

835.6

Upper middle income Population (thousands)

105.9

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%)

57.1 68.6 ..

67.0 75.8 ..

77.2 84.6 ..

Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years)

.. .. .. .. 16.9 .. .. .. ..

.. .. .. .. 12.2 .. .. .. ..

.. .. .. .. 12.9 .. .. .. ..

Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%)

.. 38.1 .. .. .. .. .. .. ..

.. 33.5 .. .. .. 49.0 37.3 50.3 47.8

.. 35.0 .. .. .. .. .. .. ..

.. .. ..

.. .. ..

.. .. ..

3.2 8.7 1.9 1.0 8.3

5.3 6.3 4.1 2.1 18.9

4.7 6.6 4.6 –0.8 –6.3

..

..

..

12.5 .. ..

12.2 3.5 13.0

10.8 13.8 12.2

..

..

..

.. –0.01 0

.. –0.00 0

.. 0.00 0

.. ..

.. ..

.. ..

Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%) Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax) Efficiency—Financial Markets Stock market turnover ratio (%) Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%) Stability—Financial Markets Stock price volatility Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

The Little Data Book on Financial Development  2015/2016

89


Guatemala Latin America & Caribbean Gross domestic product ($ billions)

53.8 data

Lower middle income Population (millions)

15.5 data

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%) Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years) Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%) Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%) Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax) Efficiency—Financial Markets Stock market turnover ratio (%) Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%) Stability—Financial Markets Stock price volatility Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

90

22.5 26.1 1.6

26.1 36.7 1.5

30.7 38.1 1.6

.. .. .. .. 2.8 0.2 0.2 6.7 5.0

.. .. .. .. 2.8 0.2 .. 5.0 ..

.. .. .. .. 4.0 0.2 0.8 3.0 9.7

.. 18.8 .. .. .. .. .. .. ..

.. 31.9 .. .. .. 49.1 26.6 26.2 33.5

.. 38.0 22.3 10.2 13.7 .. .. .. ..

.. .. ..

.. .. ..

.. .. ..

7.7 10.2 5.2 –0.1 11.3

6.9 8.3 4.6 1.3 14.7

8.0 8.1 4.6 1.5 15.2

..

..

..

4.3 6.5 15.6

16.7 2.2 13.5

17.1 1.2 14.8

..

..

..

51.2 –0.14 0

68.3 –0.11 0

67.6 –0.09 0

..

..

..

2015/2016  The Little Data Book on Financial Development


Guinea Sub-Saharan Africa Gross domestic product ($ billions)

Low income 6.1

Population (millions)

11.7

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%)

3.1 6.8 ..

4.1 7.0 ..

6.7 13.3 ..

Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years)

.. .. .. .. .. 4.0 .. 5.0 ..

.. .. .. .. .. 2.8 .. 5.0 ..

.. .. .. .. .. 1.6 .. 4.5 ..

Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%)

17 0.7 .. .. .. .. .. .. ..

32 1.0 .. .. .. 6.0 0.9 2.6 2.5

63 1.8 3.7 2.0 2.4 .. .. .. ..

.. .. ..

.. .. ..

.. .. ..

13.5 .. 9.4 7.3 59.7

6.0 .. 8.0 1.1 16.2

5.3 .. 5.4 1.9 19.5

..

..

..

10.5 .. ..

3.2 .. ..

6.0 .. ..

..

..

..

Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%) Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax) Efficiency—Financial Markets Stock market turnover ratio (%) Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%) Stability—Financial Markets Stock price volatility Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

.. 0.00 0 .. ..

The Little Data Book on Financial Development  2015/2016

100.0 100.0 0.11 0.00 0 0 .. ..

.. ..

91


Guinea-Bissau Sub-Saharan Africa Gross domestic product ($ millions)

Low income 960.8 data

Population (millions)

data 1.7

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%)

1.3 1.4 ..

3.7 6.0 ..

13.9 15.5 ..

.. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. ..

9 0.1 .. .. .. .. .. .. ..

42 1.1 .. .. .. 2.8 0.7 1.1 2.1

62 2.7 .. .. .. .. .. .. ..

Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%)

.. .. ..

.. .. ..

.. .. ..

Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax)

.. .. .. .. ..

3.5 .. 9.2 –4.7 –48.9

5.3 .. 10.5 1.1 9.4

Efficiency—Financial Markets Stock market turnover ratio (%)

..

..

..

Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%)

.. .. ..

2.3 .. ..

4.4 .. ..

Stability—Financial Markets Stock price volatility

..

..

..

Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy

.. .. 0

.. .. 0

.. .. 0

Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

.. ..

.. ..

.. ..

Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years) Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%)

92

2015/2016  The Little Data Book on Financial Development


Guyana Latin America & Caribbean Gross domestic product ($ billions)

Lower middle income 3.0

Population (thousands)

799.6

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%)

48.6 75.0 22.1

43.4 69.7 25.1

33.8 47.5 15.6

Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years)

14.0 0.1 .. .. .. .. .. .. ..

14.6 0.0 .. .. .. .. .. .. ..

18.4 .. .. .. .. .. .. .. ..

.. 6.0 .. .. .. .. .. .. ..

.. 6.6 .. .. .. 50.5 34.5 59.4 38.9

.. 8.4 .. .. .. .. .. .. ..

.. .. ..

.. .. ..

.. .. ..

4.2 11.8 3.9 0.9 10.4

4.9 12.2 3.0 2.2 25.8

5.7 12.4 2.6 2.2 21.4

1.1

0.3

..

13.4 .. ..

16.4 .. ..

19.2 .. ..

..

..

..

Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%) Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%) Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax) Efficiency—Financial Markets Stock market turnover ratio (%) Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%) Stability—Financial Markets Stock price volatility Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

100.0 –0.02 0 17.3 ..

The Little Data Book on Financial Development  2015/2016

100.0 100.0 –0.06 –0.04 0 0 14.2 ..

15.1 ..

93


Haiti Latin America & Caribbean Gross domestic product ($ billions)

data 8.5

Low income Population (millions)

10.3 data

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%) Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years) Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%) Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%) Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax) Efficiency—Financial Markets Stock market turnover ratio (%) Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%) Stability—Financial Markets Stock price volatility Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

94

15.9 18.8 ..

12.2 13.7 ..

17.2 18.8 ..

.. .. .. .. .. .. .. .. ..

.. .. .. .. .. 0.7 .. 6.6 ..

.. .. .. .. .. 0.3 .. 14.0 ..

207 3.2 .. .. .. .. .. .. ..

328 2.9 .. .. .. .. .. .. ..

311 2.8 22.0 18.0 8.3 .. .. .. ..

.. .. ..

.. .. ..

.. .. ..

11.2 19.4 7.1 1.5 27.3

9.7 15.7 7.3 1.5 22.9

6.6 8.0 4.8 1.6 20.1

..

..

..

15.7 .. ..

18.5 .. ..

23.8 .. ..

..

..

..

100.0 –0.07 0

91.4 100.0 –0.08 –0.06 0 0

..

2015/2016  The Little Data Book on Financial Development

..

..


Honduras Latin America & Caribbean Gross domestic product ($ billions)

18.6

Lower middle income Population (millions)

8.1

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%) Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years) Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%) Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%) Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax) Efficiency—Financial Markets Stock market turnover ratio (%) Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%) Stability—Financial Markets Stock price volatility Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

34.5 35.6 2.4

49.4 51.5 2.6

51.7 58.1 2.3

.. .. .. .. .. 1.4 .. 9.8 ..

.. .. .. .. .. 1.6 .. 7.4 ..

.. .. .. .. .. 0.5 .. 12.1 ..

.. 16.2 .. .. .. .. .. .. ..

.. 24.4 .. .. .. 31.2 17.0 25.6 24.3

.. 24.0 20.5 8.5 7.1 .. .. .. ..

.. .. ..

.. .. ..

.. .. ..

8.7 9.3 5.0 1.6 10.5

8.1 8.4 5.9 1.5 12.4

7.7 8.4 5.9 1.3 11.1

..

..

..

44.1 .. ..

37.2 4.3 14.3

33.0 3.4 14.8

..

..

..

48.9 –0.00 0

61.6 –0.04 0

63.9 –0.03 0

.. ..

.. ..

.. ..

The Little Data Book on Financial Development  2015/2016

95


Hong Kong SAR, China

High income

Gross domestic product ($ billions)

274.0 data

Population (millions)

data 7.2

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%)

147.3 165.3 ..

136.6 204.3 150.5 243.0 .. ..

Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years)

312.7 140.0 18.7 10.4 27.0 7.6 2.2 5.2 7.6

570.2 378.4 580.6 529.3 14.5 15.3 9.2 36.0 30.5 42.5 5.9 10.1 1.8 4.6 4.1 5.3 7.5 7.5

Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%)

.. 23.6 .. .. .. .. .. .. ..

.. 23.8 .. .. .. .. .. .. ..

.. 23.1 88.7 42.8 7.9 .. .. .. ..

Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%)

61.8 44.7 ..

58.6 51.4 ..

74.2 64.7 ..

2.3 4.9 1.4 0.9 2.4

3.5 4.6 3.7 3.5 34.6

1.9 5.0 6.1 1.8 9.9

Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax) Efficiency—Financial Markets Stock market turnover ratio (%)

48.3

Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%)

21.6 3.9 15.3

15.9 1.2 14.8

19.2 0.5 15.9

Stability—Financial Markets Stock price volatility

19.7

34.2

18.0

Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy

99.2 0.07 0

94.3 0.02 0

95.1 –0.00 0

Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

96

144.4 –1.6

130.1 123.7

179.8 203.9 –9.9 10.4

2015/2016  The Little Data Book on Financial Development


Hungary

High income

Gross domestic product ($ billions)

133.4

Population (millions)

9.9

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%)

37.4 49.2 ..

65.3 80.2 ..

.. .. ..

Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years)

18.9 9.0 4.9 43.4 14.3 1.9 0.2 6.0 2.1

22.7 26.6 6.6 45.0 24.3 2.8 0.4 10.7 7.0

15.1 11.4 22.9 46.9 31.5 1.3 0.2 5.2 7.0

Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%)

.. 13.8 .. .. .. .. 22.6 27.6 ..

.. 17.9 .. .. .. 43.0 48.7 .. 39.6

992 15.3 72.7 17.3 9.4 37.3 22.6 25.4 31.5

Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%)

2.9 18.7 ..

1.0 5.2 0.7

5.4 3.2 0.4

Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax)

4.1 3.7 4.2 2.1 19.7

3.4 0.3 19.4 1.3 14.5

3.3 3.8 3.9 0.3 2.6

Efficiency—Financial Markets Stock market turnover ratio (%)

51.9

86.6

56.7

Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%)

19.6 2.6 11.8

15.7 3.0 12.3

16.2 16.7 17.4

Stability—Financial Markets Stock price volatility

21.8

24.2

19.4

71.8 –0.16 0

74.4 –0.10 1

85.2 –0.11 1

4.8 8.0

4.1 –24.1

5.1 3.5

Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

The Little Data Book on Financial Development  2015/2016

97


Iceland

High income

Gross domestic product ($ billions)

15.3 data

Population (thousands)

323.8 data

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%)

116.2 117.7 ..

184.7 94.7 189.3 109.2 .. ..

Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years)

74.4 49.9 73.3 16.2 143.3 7.3 0.3 7.1 15.0

106.2 16.6 150.2 4.3 91.7 69.3 12.9 51.9 319.3 159.9 32.5 1.3 0.7 1.5 5.2 3.3 3.9 7.0

Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%)

.. 90.8 .. .. .. .. .. .. ..

.. 69.7 .. .. .. .. .. .. ..

.. 43.7 .. .. .. .. .. .. ..

.. .. 9.2

.. .. 22.2

.. .. 7.7

Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax)

2.1 2.2 7.1 .. 2.2 2.5 1.6 –109.5 19.3 8.4

3.3 .. 5.8 2.6 12.7

Efficiency—Financial Markets Stock market turnover ratio (%)

86.8

82.0

29.1

Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%)

0.4 2.1 12.3

–4.8 14.1 15.8

–1.2 4.3 26.2

..

..

..

Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%)

Stability—Financial Markets Stock price volatility Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy

100.0 0.00 0

Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

165.8 ..

98

100.0 100.0 –0.10 –0.11 1 1 44.1 ..

2015/2016  The Little Data Book on Financial Development

34.3 ..


India South Asia Gross domestic product ($ billions) 1,875.1

Lower middle income Population (millions)

1,252.1

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%)

29.9 50.1 ..

44.4 62.4 ..

49.4 68.2 ..

Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years)

33.7 39.9 0.4 1.3 .. 0.2 0.3 6.0 8.8

94.2 83.2 3.1 3.2 .. 3.6 0.6 9.9 7.8

58.8 35.1 4.9 31.3 .. 3.0 1.3 7.6 8.2

Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%)

621 9.0 .. .. .. .. .. .. ..

726 9.4 .. .. .. .. 46.6 36.4 ..

.. 12.2 35.2 11.6 7.7 .. .. .. ..

Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%)

56.5 61.5 ..

69.9 74.4 ..

76.4 69.0 ..

Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax)

4.2 .. 2.7 1.5 26.5

2.9 .. 1.7 1.0 14.2

2.8 .. 1.7 0.7 9.0

136.7

91.1

57.7

Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%)

30.9 8.8 12.7

34.0 2.5 13.0

32.2 4.0 12.3

Stability—Financial Markets Stock price volatility

17.9

31.2

15.8

23.4 –0.05 0

24.8 –0.04 0

27.6 –0.03 0

5.2 18.8

4.2 –6.9

4.2 12.0

Efficiency—Financial Markets Stock market turnover ratio (%)

Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

The Little Data Book on Financial Development  2015/2016

99


Indonesia East Asia & Pacific Gross domestic product ($ billions)

Lower middle income 868.3 data

Population (millions)

249.9 data

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%)

19.2 38.6 ..

23.4 30.8 5.1

31.3 36.5 7.1

Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years)

18.4 6.1 4.7 19.9 3.8 1.8 0.7 9.0 5.9

30.3 21.6 4.8 11.9 4.0 2.0 0.1 6.0 4.8

43.5 12.8 2.2 10.5 6.2 1.5 0.9 5.1 8.3

.. 5.2 .. .. .. .. .. .. ..

.. 6.6 .. .. .. 18.2 11.7 13.8 16.5

.. 10.4 19.6 15.3 8.5 .. .. .. ..

Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%)

41.6 45.8 ..

46.1 48.7 4.0

62.4 56.6 6.9

Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax)

4.7 6.3 3.5 1.3 14.5

5.0 5.1 3.2 –0.3 13.0

4.3 5.4 2.8 1.3 11.2

Efficiency—Financial Markets Stock market turnover ratio (%)

34.3

71.7

24.0

Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%)

14.5 6.8 22.3

14.1 3.2 17.5

19.2 1.7 19.8

Stability—Financial Markets Stock price volatility

23.3

28.4

17.2

35.6 –0.03 0

30.0 –0.01 0

29.5 –0.00 0

1.5 12.3

1.7 –3.0

1.9 12.0

Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%)

Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

100

2015/2016  The Little Data Book on Financial Development


Iran, Islamic Rep. Middle East & North Africa Gross domestic product ($ billions)

368.9

Upper middle income Population (millions)

77.4

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%)

22.0 23.0 8.9

31.6 34.0 10.7

12.4 15.2 21.4

Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years)

17.6 2.6 .. .. 0.9 1.6 .. 5.2 ..

13.5 3.3 .. .. 0.3 0.1 .. 3.0 ..

23.0 3.9 .. .. .. .. 0.7 .. 3.9

Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%)

.. 28.2 .. .. .. .. .. .. ..

.. 28.4 .. .. .. .. .. .. ..

.. 27.7 73.7 19.7 30.7 .. .. .. ..

Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%)

63.6 45.4 ..

35.8 50.7 ..

.. .. ..

.. 5.0 .. .. ..

.. 0.4 .. .. ..

.. .. .. .. ..

22.2

32.0

19.1

Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%)

.. .. ..

.. .. ..

.. .. ..

Stability—Financial Markets Stock price volatility

..

..

..

Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy

.. .. 0

.. .. 0

.. .. 0

5.4 ..

4.9 ..

3.7 ..

Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax) Efficiency—Financial Markets Stock market turnover ratio (%)

Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

The Little Data Book on Financial Development  2015/2016

101


Iraq Middle East & North Africa Gross domestic product ($ billions)

229.3 data

Lower middle income Population (millions)

33.4 data

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%)

.. .. ..

2.2 4.4 ..

6.0 12.0 ..

Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years)

.. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. ..

.. .. .. .. .. 0.3 .. 7.0 ..

Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%)

.. .. .. .. .. .. .. .. ..

.. 3.3 .. .. .. .. .. .. ..

.. 5.5 10.6 5.4 8.0 3.8 2.7 4.6 2.8

Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%)

.. .. ..

.. .. ..

.. .. ..

4.5 .. 2.1 1.7 23.5

9.4 .. 2.6 3.7 28.3

3.1 .. 3.4 4.7 17.6

..

..

..

7.5 .. ..

12.5 .. ..

28.7 .. ..

..

..

..

100.0 .. 0

93.4 0.00 0

78.9 –0.03 0

.. ..

.. ..

.. ..

Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax) Efficiency—Financial Markets Stock market turnover ratio (%) Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%) Stability—Financial Markets Stock price volatility Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

102

2015/2016  The Little Data Book on Financial Development


Ireland

High income

Gross domestic product ($ billions)

232.1

Population (millions)

4.6

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%)

104.7 108.3 ..

210.4 168.1 211.8 187.6 .. ..

Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years)

48.3 25.6 30.9 20.2 43.7 3.6 1.5 5.6 12.5

37.9 47.3 34.1 6.0 95.3 113.5 21.7 29.4 161.0 189.1 1.6 3.8 0.8 3.3 8.1 5.9 9.3 8.9

Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%)

.. 35.9 .. .. .. .. 37.4 46.1 ..

.. 34.2 .. .. .. .. .. .. ..

.. 23.0 93.9 51.3 15.7 .. .. .. ..

Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%)

10.6 15.6 ..

17.2 18.8 ..

7.2 7.8 ..

0.3 2.8 0.2 0.7 9.5

0.1 .. 0.1 0.2 3.7

1.2 .. 1.5 –0.6 –4.0

Efficiency—Financial Markets Stock market turnover ratio (%)

55.8

35.9

11.5

Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%)

11.0 0.9 13.9

9.8 1.9 12.1

37.1 25.3 20.4

Stability—Financial Markets Stock price volatility

20.8

30.2

16.5

Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax)

Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

100.0 –0.01 0 13.8 –6.9

The Little Data Book on Financial Development  2015/2016

71.9 99.0 0.00 –0.01 1 1 12.9 –43.9

9.2 23.4

103


Isle of Man

High income

Gross domestic product ($ billions)

data..

Population (thousands)

85.9 data

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%)

.. .. ..

.. .. ..

.. .. ..

.. .. .. .. .. 6.2 .. 5.0 ..

.. .. .. .. .. 9.0 .. 4.0 ..

.. .. .. .. .. .. .. 3.0 ..

Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%)

.. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. ..

Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%)

.. .. ..

.. .. ..

.. .. ..

Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax)

.. .. .. .. ..

.. .. .. .. ..

.. .. .. .. ..

Efficiency—Financial Markets Stock market turnover ratio (%)

..

..

..

Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%)

.. .. ..

.. .. ..

.. .. ..

Stability—Financial Markets Stock price volatility

..

..

..

Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy

.. .. 0

.. .. 0

.. .. 0

Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

.. ..

.. ..

.. ..

Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years)

104

2015/2016  The Little Data Book on Financial Development


Israel

High income

Gross domestic product ($ billions)

290.6

Population (millions)

8.1

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%)

82.8 91.2 ..

91.1 99.0 ..

87.2 96.7 ..

Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years)

49.3 39.6 4.2 38.6 9.8 0.5 0.2 10.2 5.7

95.9 56.3 25.6 38.7 8.3 0.2 0.6 20.0 10.5

55.2 32.3 29.4 46.5 11.3 1.0 0.7 4.1 8.2

Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%)

.. 19.8 .. .. .. .. .. .. ..

1,025 19.8 .. .. .. .. .. .. ..

968 19.9 90.5 24.8 16.7 55.1 46.4 34.3 52.4

Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%)

52.7 51.9 5.5

42.2 36.3 17.7

51.7 49.3 22.0

2.0 4.0 2.0 0.3 5.5

3.2 3.3 3.6 0.4 7.1

2.5 3.3 2.2 0.7 10.0

Efficiency—Financial Markets Stock market turnover ratio (%)

67.2

53.2

47.4

Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%)

10.4 2.6 10.3

9.9 1.5 11.3

24.8 2.9 14.9

Stability—Financial Markets Stock price volatility

21.5

21.1

14.0

Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy

75.1 0.00 0

76.7 79.9 –0.05 –0.05 0 0

Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

86.1 11.1

87.8 –16.8

Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax)

The Little Data Book on Financial Development  2015/2016

67.3 9.2

105


Italy

High income

Gross domestic product ($ billions) 2,149.5 data

Population (millions)

60.2 data

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%)

80.0 95.7 ..

Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years)

38.0 41.9 32.3 89.0 32.9 4.1 1.6 5.6 11.9

35.3 66.8 31.7 80.2 47.1 1.8 0.6 7.3 19.9

21.1 38.0 37.8 91.2 56.1 2.7 1.8 6.4 12.8

Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%)

754 63.5 .. .. .. .. .. .. ..

860 70.3 .. .. .. .. .. .. ..

.. 62.0 71.0 15.5 4.6 .. .. .. ..

Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%)

35.3 43.7 ..

22.5 39.7 ..

.. .. ..

1.8 4.9 2.4 0.4 4.6

2.0 .. 1.4 0.5 7.7

2.1 .. 1.8 –0.6 –6.9

Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax) Efficiency—Financial Markets Stock market turnover ratio (%)

111.0

102.5 123.5 127.8 164.9 .. ..

79.1 172.0

Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%)

18.7 6.7 11.4

13.1 6.3 10.4

15.1 16.5 13.7

Stability—Financial Markets Stock price volatility

28.7

21.0

27.6

Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy

68.9 –0.15 0

32.9 –0.06 1

25.1 –0.01 1

Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

4.7 –11.5

5.0 –29.6

4.7 13.5

106

2015/2016  The Little Data Book on Financial Development


Jamaica Latin America & Caribbean Gross domestic product ($ billions)

14.4

Upper middle income Population (millions)

2.7

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%)

15.3 40.4 ..

27.9 45.3 ..

28.3 42.8 ..

Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years)

69.5 1.9 .. .. 16.7 0.5 4.5 6.0 8.3

73.8 2.6 .. .. 44.0 0.7 8.6 7.0 6.3

45.2 1.4 .. .. 58.5 6.4 12.6 7.9 7.7

.. 7.3 .. .. .. .. .. .. ..

.. 7.2 .. .. .. 27.2 44.2 53.1 25.9

.. 6.1 71.0 30.4 7.9 .. .. .. ..

.. .. ..

.. .. ..

.. .. ..

1.6 10.4 1.2 1.4 20.9

3.8 9.3 3.4 –0.9 –9.7

5.3 14.1 4.7 1.4 7.2

3.8

3.6

3.1

Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%)

11.3 .. ..

6.7 .. ..

24.6 .. ..

Stability—Financial Markets Stock price volatility

11.1

13.7

10.1

Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy

83.8 0.00 0

Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

14.9 37.1

Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%) Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%) Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax) Efficiency—Financial Markets Stock market turnover ratio (%)

The Little Data Book on Financial Development  2015/2016

84.9 100.0 –0.02 –0.05 0 0 14.6 9.3

13.3 –5.9

107


Japan

High income

Gross domestic product ($ billions) 4,919.6 data

Population (millions)

127.3 data

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%)

102.2 151.1 298.5

101.8 108.4 162.1 189.7 260.6 250.3

Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years)

62.1 46.2 68.8 122.3 6.1 2.1 1.1 2.7 7.9

86.1 60.9 137.8 65.4 81.1 62.8 156.2 179.8 8.0 7.2 4.6 5.3 1.2 1.5 3.6 4.5 7.3 6.9

Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%)

.. 34.6 .. .. .. .. .. .. ..

.. 33.9 .. .. .. .. .. .. ..

.. 33.9 96.4 51.3 6.1 .. .. .. ..

Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%)

67.4 78.4 10.5

50.0 58.5 6.8

80.6 81.8 5.3

Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax)

1.3 1.8 1.0 –0.2 –7.0

0.9 1.3 0.7 0.1 3.1

0.8 0.8 0.5 0.2 3.2

Efficiency—Financial Markets Stock market turnover ratio (%)

85.1

140.9

99.5

Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%)

16.0 5.2 11.1

27.7 2.4 11.3

37.1 2.3 15.2

Stability—Financial Markets Stock price volatility

21.7

26.2

20.2

Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy

88.6 0.03 0

98.7 0.01 0

94.9 0.00 0

Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

24.4 –6.2

25.8 –28.6

27.2 46.5

108

2015/2016  The Little Data Book on Financial Development


Jordan Middle East & North Africa Gross domestic product ($ billions)

33.7

Upper middle income Population (millions)

6.5

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%)

69.5 86.9 ..

80.1 69.3 105.1 109.9 .. ..

Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years)

88.4 19.3 .. .. 4.0 0.4 0.8 2.2 3.5

186.0 108.2 .. .. 0.7 7.9 .. 4.9 ..

86.6 11.0 .. .. 4.5 1.8 .. 19.7 ..

Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%)

.. 19.2 .. .. .. .. .. .. ..

.. 18.5 .. .. .. 25.5 8.6 18.3 15.8

.. 20.3 25.5 8.3 4.5 16.7 46.8 26.1 12.5

.. .. ..

44.1 30.7 ..

54.1 33.6 ..

2.0 6.2 1.8 0.8 8.7

3.4 3.6 1.7 1.6 10.2

3.4 4.2 1.7 1.4 9.2

Efficiency—Financial Markets Stock market turnover ratio (%)

28.9

68.5

10.4

Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%)

29.2 15.5 15.9

50.1 4.2 18.4

48.7 7.0 18.4

Stability—Financial Markets Stock price volatility

13.1

16.1

7.4

97.8 –0.05 0

94.9 –0.06 0

86.3 –0.05 0

31.2 23.5

45.3 22.7

38.5 3.5

Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%) Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax)

Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

The Little Data Book on Financial Development  2015/2016

109


Kazakhstan Europe & Central Asia Gross domestic product ($ billions)

Upper middle income 231.9 data

Population (millions)

17.0 data

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%) Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years) Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%) Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%)

19.0 21.9 ..

48.0 49.4 ..

33.7 38.2 ..

6.1 0.6 .. .. 8.7 3.3 3.2 3.5 8.4

27.9 4.8 .. .. 24.2 12.3 2.6 5.5 7.3

16.4 0.5 .. .. 17.1 2.2 1.9 4.8 18.9

722 3.7 .. .. .. .. 16.4 21.1 ..

947 1,039 3.5 3.3 .. 42.1 .. 6.7 .. 13.1 33.2 19.2 31.0 16.3 .. 13.0 18.8 15.0

.. .. ..

.. .. ..

12.6 19.0 ..

Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax)

7.0 .. 5.7 2.4 18.1

5.7 .. 3.2 0.1 0.9

6.6 .. 3.3 1.5 11.1

Efficiency—Financial Markets Stock market turnover ratio (%)

13.9

9.2

3.3

Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%)

8.1 .. 16.9

7.4 7.1 14.9

7.1 19.5 17.8

Stability—Financial Markets Stock price volatility

81.5

36.5

23.2

56.3 –0.08 0

63.5 –0.05 1

46.1 –0.06 1

2.7 12.9

4.7 –17.8

4.4 –10.7

Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

110

2015/2016  The Little Data Book on Financial Development


Kenya Sub-Saharan Africa Gross domestic product ($ billions)

Low income 55.2

Population (millions)

44.4

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%)

25.0 36.7 2.6

28.0 39.1 1.6

29.1 41.9 ..

Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years)

19.2 0.8 .. .. .. 0.9 .. 5.0 ..

36.0 4.0 .. .. .. 0.4 1.0 0.8 10.7

25.4 1.9 .. .. .. 0.3 .. 9.5 ..

Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%)

103 2.7 .. .. .. .. .. .. ..

288 4.1 .. .. .. 25.4 22.9 26.0 18.3

652 5.6 42.3 23.3 9.7 35.9 43.6 41.2 30.4

.. .. ..

.. .. ..

.. .. ..

8.2 12.4 6.0 0.5 3.3

6.2 8.7 5.1 1.7 10.9

6.3 8.7 4.7 2.4 15.5

7.3

11.1

7.9

11.3 34.9 17.3

10.3 9.0 18.9

11.3 5.0 23.2

..

11.1

10.6

51.4 –0.07 0

66.2 –0.07 0

51.6 –0.09 0

1.5 ..

1.4 32.0

1.3 50.0

Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%) Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax) Efficiency—Financial Markets Stock market turnover ratio (%) Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%) Stability—Financial Markets Stock price volatility Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

The Little Data Book on Financial Development  2015/2016

111


Kiribati East Asia & Pacific Gross domestic product ($ millions)

Lower middle income 169.0 data

Population (thousands)

102.4 data

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%)

.. .. ..

.. .. ..

.. .. ..

Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years)

.. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. ..

Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%)

.. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. ..

201 5.9 .. .. .. .. .. .. ..

Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%)

.. .. ..

.. .. ..

.. .. ..

Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax)

.. .. .. .. ..

.. .. .. .. ..

.. .. .. .. ..

Efficiency—Financial Markets Stock market turnover ratio (%)

..

..

..

Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%)

.. .. ..

.. .. ..

.. .. ..

Stability—Financial Markets Stock price volatility

..

..

..

Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy

.. .. 0

.. .. 0

.. .. 0

Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

.. ..

.. ..

.. ..

112

2015/2016  The Little Data Book on Financial Development


Korea, Dem. People's Rep East Asia & Pacific Gross domestic product ($ millions)

Low income ..

Population (millions)

24.9

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%)

.. .. ..

.. .. ..

.. .. ..

Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years)

.. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. ..

Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%)

.. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. ..

Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%)

.. .. ..

.. .. ..

.. .. ..

.. .. 3.0 1.0 10.3

.. .. .. .. ..

.. .. .. .. ..

Efficiency—Financial Markets Stock market turnover ratio (%)

..

..

..

Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%)

.. .. ..

.. .. ..

.. .. ..

Stability—Financial Markets Stock price volatility

..

..

..

Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy

.. .. 0

.. .. 0

.. .. 0

Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

.. ..

.. ..

.. ..

Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax)

The Little Data Book on Financial Development  2015/2016

113


Korea, Rep.

High income

Gross domestic product ($ billions) 1,304.6 data

Population (millions)

50.2 data

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%) Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years)

81.3 85.8 6.7

94.3 111.8 101.2 119.7 .. ..

43.6 112.0 61.5 14.9 8.6 0.6 3.6 3.9 3.7

73.3 88.5 158.2 144.3 52.3 70.8 24.7 33.9 10.0 13.5 2.1 1.3 2.9 3.8 9.4 9.3 3.4 5.9

Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%)

.. 16.9 .. .. .. .. 39.9 41.2 ..

.. 18.8 .. .. .. .. .. .. ..

.. 18.3 93.0 46.9 16.6 .. .. .. ..

Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%)

63.0 47.3 42.1

76.2 66.8 26.0

79.6 62.3 36.2

Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax)

2.3 2.0 1.2 0.7 15.6

1.7 1.3 1.1 0.0 0.8

2.7 1.8 2.0 0.7 7.2

Efficiency—Financial Markets Stock market turnover ratio (%)

230.0

199.7 139.9

Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%)

7.7 2.6 11.1

5.5 0.6 12.3

4.9 0.6 14.5

Stability—Financial Markets Stock price volatility

32.0

26.0

16.1

Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy

100.0 0.06 0

51.0 0.04 0

50.6 0.00 0

Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

32.7 –10.2

36.5 –10.7

35.3 1.6

114

2015/2016  The Little Data Book on Financial Development


Kosovo Europe & Central Asia Gross domestic product ($ billions)

Lower middle income 7.1

Population (millions)

1.8

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%)

6.3 6.3 3.0

26.7 26.7 4.3

32.7 32.8 4.8

.. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. ..

.. 22.5 .. .. .. .. .. .. ..

.. 21.6 .. .. .. 15.0 25.3 .. 12.0

.. 19.8 44.3 4.9 6.1 65.7 33.3 55.5 58.6

Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%)

.. .. ..

.. .. ..

.. .. ..

Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax)

.. .. .. .. ..

.. .. .. .. ..

.. .. .. .. ..

Efficiency—Financial Markets Stock market turnover ratio (%)

..

..

..

Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%)

.. .. ..

.. .. ..

.. .. ..

Stability—Financial Markets Stock price volatility

..

..

..

Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy

.. .. 0

.. .. 0

.. .. 0

Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

.. ..

.. ..

.. ..

Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years) Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%)

The Little Data Book on Financial Development  2015/2016

115


Kuwait

High income

Gross domestic product ($ billions)

175.8 data

Population (millions)

data 3.4

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%)

53.3 75.4 15.0

55.9 60.8 11.8

56.6 59.8 5.3

Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years)

94.5 77.9 .. .. .. 1.1 .. 0.8 ..

106.2 85.8 .. .. .. 1.7 0.1 4.4 5.0

56.7 12.7 .. .. .. 0.9 .. 10.9 ..

Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%) Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%) Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax) Efficiency—Financial Markets Stock market turnover ratio (%) Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%) Stability—Financial Markets Stock price volatility Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

116

1,059 12.7 .. .. .. .. .. .. ..

1,390 1,494 15.5 15.7 .. 86.8 .. 40.3 .. 20.8 .. .. .. .. .. .. .. ..

.. .. ..

.. .. ..

.. .. ..

2.4 3.0 1.0 2.2 20.4

3.2 2.8 1.1 0.2 1.9

3.0 2.9 1.1 1.2 8.5

116.6

78.4

23.3

14.4 6.1 18.4

11.0 6.8 15.6

15.5 3.6 18.9

..

12.2

9.4

87.1 –0.06 0

90.5 –0.08 0

88.5 –0.04 0

45.8 78.1

74.8 13.6

58.1 24.5

2015/2016  The Little Data Book on Financial Development


Kyrgyz Republic Europe & Central Asia Gross domestic product ($ billions)

Low income 7.2

Population (millions)

5.7

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%)

4.2 5.0 ..

11.3 12.2 ..

.. .. ..

Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years)

1.0 1.0 .. .. .. 5.9 .. 4.3 ..

2.2 2.6 .. .. .. .. 0.0 .. 2.0

2.4 0.1 .. .. .. .. .. .. ..

.. 5.1 .. .. .. .. 4.1 16.7 ..

75 6.8 .. .. .. 20.4 17.9 .. 13.7

254 8.0 3.8 0.9 11.3 29.2 18.5 23.4 24.4

.. .. ..

.. .. ..

.. .. ..

Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax)

4.3 14.2 5.9 1.7 7.0

8.8 15.9 6.7 2.7 15.0

9.9 11.4 5.7 3.6 23.7

Efficiency—Financial Markets Stock market turnover ratio (%)

58.5

99.5

3.4

Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%)

29.0 .. ..

23.6 5.3 32.6

21.4 5.5 25.0

..

..

..

89.0 –0.02 0

83.1 –0.02 0

68.6 –0.02 0

3.4 ..

1.5 ..

3.2 ..

Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%) Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%)

Stability—Financial Markets Stock price volatility Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

The Little Data Book on Financial Development  2015/2016

117


Lao PDR East Asia & Pacific Gross domestic product ($ billions)

Lower middle income 11.2 data

Population (millions)

data 6.8

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%)

6.7 10.2 ..

8.2 11.0 ..

.. .. ..

Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years)

.. .. .. .. .. 5.9 .. 6.0 ..

.. .. .. .. .. 11.1 .. 16.0 ..

.. .. .. .. .. 6.5 .. 19.9 ..

Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%)

.. 1.6 .. .. .. .. .. .. ..

43 2.1 .. .. .. 18.6 0.0 10.8 16.0

343 2.7 26.8 19.4 18.1 32.6 20.6 28.7 25.3

.. .. ..

.. .. ..

.. .. ..

3.0 23.9 1.7 3.8 ..

8.5 19.3 7.3 –1.0 –12.6

4.9 .. 3.0 1.7 20.3

..

..

..

–21.2 .. ..

3.9 .. ..

7.5 .. ..

Stability—Financial Markets Stock price volatility

..

..

16.7

Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy

.. .. 0

90.3 0.00 0

95.3 0.00 0

Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

.. ..

.. ..

.. 30.3

Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%) Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax) Efficiency—Financial Markets Stock market turnover ratio (%) Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%)

118

2015/2016  The Little Data Book on Financial Development


Latvia Europe & Central Asia Gross domestic product ($ billions)

Upper middle income 31.0

Population (millions)

2.0

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%) Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years) Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%) Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%)

33.2 37.4 ..

83.2 87.6 ..

.. .. ..

8.6 1.3 .. .. 4.4 0.4 0.0 5.0 3.0

7.7 0.3 .. .. 4.0 0.4 0.0 10.0 3.3

3.7 0.1 .. .. 12.6 .. .. .. ..

924 30.9 .. .. .. .. 30.0 26.1 ..

1,200 1,365 35.2 21.4 .. 89.7 .. 13.3 .. 6.8 48.5 20.0 37.3 8.0 .. 11.1 40.2 16.0

.. .. ..

.. .. ..

.. .. ..

Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax)

1.7 2.4 2.1 1.0 11.3

3.4 5.5 1.9 1.0 9.0

2.8 5.8 1.9 0.5 5.6

Efficiency—Financial Markets Stock market turnover ratio (%)

15.1

1.6

3.0

Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%)

8.3 1.4 11.7

10.8 2.1 11.0

6.9 6.4 18.1

Stability—Financial Markets Stock price volatility

19.0

19.3

11.9

Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

95.1 –0.07 0 24.5 22.5

The Little Data Book on Financial Development  2015/2016

57.6 100.0 –0.08 –0.14 1 1 16.1 –30.6

15.2 12.6

119


Lebanon Middle East & North Africa Gross domestic product ($ billions)

44.4 data

Upper middle income Population (millions)

data 4.5

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%)

.. .. ..

Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years)

.. .. .. .. .. .. .. .. ..

31.7 2.5 1.4 77.6 66.9 0.5 .. 7.0 ..

23.8 1.1 0.7 79.5 80.5 .. 0.9 .. 5.0

764 30.8 .. .. .. .. .. .. ..

830 29.4 .. .. .. 69.4 23.8 51.3 66.5

832 30.0 37.0 17.1 11.3 57.3 53.1 40.2 49.1

.. .. ..

.. .. ..

.. .. ..

2.7 4.7 1.5 0.6 8.4

2.6 2.3 1.6 1.0 12.1

2.1 1.5 1.4 0.9 9.8

..

9.4

4.0

Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%)

36.6 17.7 22.3

43.7 7.5 12.1

46.3 4.0 13.0

Stability—Financial Markets Stock price volatility

18.4

21.1

8.7

57.4 –0.05 0

57.8 –0.06 0

55.6 –0.04 0

3.5 3.7

2.6 30.7

2.3 1.0

Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%) Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%) Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax) Efficiency—Financial Markets Stock market turnover ratio (%)

Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

120

63.8 89.0 140.5 166.2 .. ..

2015/2016  The Little Data Book on Financial Development


Lesotho Sub-Saharan Africa Gross domestic product ($ billions)

Lower middle income 2.3

Population (millions)

2.1

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%) Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years) Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%) Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%) Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax) Efficiency—Financial Markets Stock market turnover ratio (%) Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%) Stability—Financial Markets Stock price volatility Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

10.2 23.1 ..

9.7 13.8 ..

18.3 21.6 ..

.. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. ..

233 2.6 .. .. .. .. .. .. ..

223 2.3 .. .. .. 32.2 32.7 31.9 21.5

325 3.7 18.5 7.9 3.0 .. .. .. ..

.. .. ..

.. .. ..

.. .. ..

8.3 10.9 7.0 2.9 33.0

9.0 8.5 6.7 4.3 53.1

8.2 7.1 5.6 3.3 32.0

..

..

..

13.8 1.0 22.0

13.8 1.8 13.7

15.2 4.1 13.7

..

..

..

100.0 –0.03 0 .. ..

The Little Data Book on Financial Development  2015/2016

100.0 100.0 0.00 –0.00 0 0 .. ..

.. ..

121


Liberia Sub-Saharan Africa Gross domestic product ($ billions)

Low income data 2.0

Population (millions)

data 4.3

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%)

4.7 8.3 ..

10.7 12.2 ..

16.7 18.6 ..

.. .. .. .. .. 105.9 .. 6.0 ..

.. .. .. .. .. 116.5 .. 5.6 ..

.. .. .. .. .. 6.7 .. 1.0 ..

Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%)

.. .. .. .. .. .. .. .. ..

.. 1.6 .. .. .. 14.0 10.1 12.8 13.6

.. 3.9 18.8 13.9 6.5 .. .. .. ..

Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%)

.. .. ..

.. .. ..

.. .. ..

2.3 11.8 10.2 0.0 0.4

6.2 10.4 8.4 2.0 17.2

10.8 9.6 7.7 0.4 3.6

..

..

..

1.1 .. ..

2.4 .. ..

2.0 .. ..

Stability—Financial Markets Stock price volatility

..

..

..

Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy

.. .. 0

.. 0.00 0

.. 0.00 0

Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

.. ..

.. ..

.. ..

Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years)

Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax) Efficiency—Financial Markets Stock market turnover ratio (%) Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%)

122

2015/2016  The Little Data Book on Financial Development


Libya Middle East & North Africa Gross domestic product ($ billions)

74.2

Upper middle income Population (millions)

6.2

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%) Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years) Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%) Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%) Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax) Efficiency—Financial Markets Stock market turnover ratio (%) Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%) Stability—Financial Markets Stock price volatility Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

11.6 22.3 4.2

5.6 8.3 ..

12.8 18.5 ..

.. .. .. .. .. .. .. .. ..

.. .. .. .. .. 0.2 .. 7.0 ..

.. .. .. .. .. .. .. .. ..

681 9.2 .. .. .. .. .. .. ..

636 11.1 .. .. .. .. .. .. ..

893 11.7 .. .. .. .. .. .. ..

.. .. ..

.. .. ..

.. .. ..

2.6 4.0 1.9 0.3 3.9

3.2 3.5 0.6 0.6 8.4

1.9 3.5 0.2 0.7 5.4

..

..

..

30.5 .. ..

34.3 .. ..

62.4 .. ..

..

..

..

73.2 –0.06 0

86.0 –0.06 0

98.5 –0.07 0

.. ..

.. ..

.. ..

The Little Data Book on Financial Development  2015/2016

123


Liechtenstein

High income

Gross domestic product ($ billions)

data..

Population (thousands)

36.9 data

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%)

.. .. ..

.. .. ..

.. .. ..

Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years)

.. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. 6.1 .. 4.1

.. .. .. .. .. .. .. .. 7.6

Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%)

.. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. ..

Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%)

.. .. ..

.. .. ..

.. .. ..

Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax)

.. .. .. .. ..

.. .. .. .. ..

.. .. .. .. ..

Efficiency—Financial Markets Stock market turnover ratio (%)

..

..

..

Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%)

.. .. ..

.. .. ..

.. .. ..

Stability—Financial Markets Stock price volatility

..

..

..

Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy

.. .. 0

.. .. 0

.. .. 0

Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

.. ..

.. ..

.. ..

124

2015/2016  The Little Data Book on Financial Development


Lithuania Europe & Central Asia Gross domestic product ($ billions)

Upper middle income 45.9

Population (millions)

3.0

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%)

18.7 24.2 ..

58.6 62.0 ..

.. .. ..

Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years)

14.2 1.1 .. .. 10.3 0.7 .. 5.1 ..

15.9 1.7 .. .. 12.0 0.6 0.1 5.0 2.4

9.2 0.5 .. .. 26.7 0.2 0.6 1.0 5.0

Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%)

.. 23.3 .. .. .. .. 24.8 28.1 ..

.. 28.6 .. .. .. 53.0 47.4 .. 43.9

.. .. 73.8 20.5 5.6 32.8 28.0 25.5 21.6

.. .. ..

.. .. ..

.. .. ..

Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax)

2.6 4.6 3.2 0.1 1.5

1.6 0.8 1.3 –0.2 2.0

1.7 .. 1.6 1.7 81.6

Efficiency—Financial Markets Stock market turnover ratio (%)

7.5

6.5

4.4

Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%)

4.5 2.4 13.2

–0.2 6.1 11.6

1.9 11.6 17.6

Stability—Financial Markets Stock price volatility

12.8

18.4

10.0

Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%)

Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

78.8 –0.06 0 14.1 58.1

The Little Data Book on Financial Development  2015/2016

72.7 100.0 0.14 0.00 0 0 12.8 –26.8

11.0 19.4

125


Luxembourg

High income

Gross domestic product ($ billions)

60.1 data

Population (thousands)

543.4 data

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%)

99.5 104.0 ..

191.7 161.6 197.7 169.6 .. ..

Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years)

115.0 1.0 .. 2.1 169.3 17.9 12.3 4.6 8.0

225.3 118.4 1.7 0.2 2.6 3.2 0.0 0.0 177.8 156.1 12.3 11.7 5.7 9.6 2.4 5.4 7.3 9.4

Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%)

.. 111.0 .. .. .. .. .. .. ..

.. 94.6 .. .. .. .. .. .. ..

.. 83.4 94.6 52.0 17.4 .. .. .. ..

Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%)

11.2 9.9 ..

0.7 4.8 ..

17.1 4.7 ..

Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax)

0.6 .. 0.6 0.5 12.8

0.9 .. 0.6 0.2 8.9

0.7 .. 0.6 0.4 6.8

0.8

1.3

0.2

24.3 0.5 17.1

22.1 0.6 15.4

33.2 0.2 20.9

..

..

..

35.0 –0.05 0

29.7 –0.06 1

52.3 –0.03 1

93.0 ..

69.6 ..

54.6 ..

Efficiency—Financial Markets Stock market turnover ratio (%) Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%) Stability—Financial Markets Stock price volatility Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

126

2015/2016  The Little Data Book on Financial Development


Macao SAR, China

High income

Gross domestic product ($ billions)

51.8

Population (thousands)

566.4

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%) Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years) Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%) Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%) Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax) Efficiency—Financial Markets Stock market turnover ratio (%) Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%) Stability—Financial Markets Stock price volatility Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

50.4 53.5 ..

48.8 50.0 ..

55.0 55.0 ..

.. .. .. .. .. 3.9 5.1 6.9 6.2

.. .. .. .. .. 2.8 2.1 4.5 8.0

.. .. .. .. .. 2.7 3.8 5.0 7.5

.. 35.6 .. .. .. .. .. .. ..

.. 36.7 .. .. .. .. .. .. ..

.. 38.1 .. .. .. .. .. .. ..

.. .. ..

.. .. ..

.. .. ..

2.2 5.7 1.7 0.9 7.5

2.2 4.3 1.5 1.1 14.1

1.5 5.2 0.8 0.9 10.7

..

..

..

47.7 .. ..

36.8 .. ..

35.0 .. ..

..

..

..

93.3 –0.03 0

82.1 –0.02 0

86.5 –0.02 0

.. ..

.. ..

.. ..

The Little Data Book on Financial Development  2015/2016

127


Macedonia, FYR Europe & Central Asia Gross domestic product ($ billions)

Upper middle income 10.2 data

Population (millions)

data 2.1

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%)

17.5 20.6 ..

37.2 40.1 ..

47.8 55.5 ..

6.1 0.5 .. .. 5.0 .. .. .. ..

19.6 3.6 .. .. 4.0 .. .. .. ..

5.8 0.4 .. .. 3.2 .. .. .. ..

.. 17.0 .. .. .. .. 9.8 8.9 ..

.. 23.8 .. .. .. 61.1 47.0 .. 58.2

.. 24.3 73.7 7.8 10.6 45.0 20.6 38.2 40.6

.. .. ..

.. .. ..

.. .. ..

Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax)

5.3 8.0 5.5 1.9 8.5

5.1 3.8 3.5 1.3 9.6

4.4 3.6 3.1 1.1 8.9

Efficiency—Financial Markets Stock market turnover ratio (%)

3.8

8.1

5.6

23.3 22.4 25.8

14.5 6.7 16.2

14.0 10.9 16.8

..

23.5

15.4

77.1 –0.08 0

72.5 –0.08 0

69.6 –0.08 0

47.1 ..

18.1 –42.5

15.2 17.3

Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years) Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%) Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%)

Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%) Stability—Financial Markets Stock price volatility Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

128

2015/2016  The Little Data Book on Financial Development


Madagascar Sub-Saharan Africa Gross domestic product ($ billions)

Low income 10.6

Population (millions)

22.9

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%) Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years) Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%) Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%) Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax) Efficiency—Financial Markets Stock market turnover ratio (%) Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%) Stability—Financial Markets Stock price volatility Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

7.9 12.7 ..

9.9 12.0 ..

11.0 14.6 ..

.. .. .. .. .. .. .. .. ..

.. .. .. .. .. 6.3 .. 16.0 ..

.. .. .. .. .. .. .. .. ..

19 1.1 .. .. .. .. .. .. ..

37 1.3 .. .. .. 20.6 12.2 20.2 15.1

61 1.7 5.5 1.4 2.3 14.5 13.0 19.1 3.8

.. .. ..

.. .. ..

.. .. ..

9.1 12.8 4.5 2.6 29.8

6.7 33.5 4.1 2.7 28.7

6.4 49.3 5.1 2.4 24.8

..

..

..

13.5 .. ..

13.4 .. ..

14.2 .. ..

..

..

..

87.0 –0.02 0

89.7 –0.03 0

93.3 –0.01 0

.. ..

.. ..

.. ..

The Little Data Book on Financial Development  2015/2016

129


Malawi Sub-Saharan Africa Gross domestic product ($ billions)

Low income data 3.7

Population (millions)

16.4 data

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%)

2.7 5.7 2.7

6.7 10.5 2.9

12.4 16.0 ..

Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years)

4.4 0.3 .. .. .. .. .. .. ..

31.2 1.1 .. .. .. 0.7 .. 3.8 ..

19.4 0.6 .. .. .. .. .. .. ..

Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%)

.. 1.0 .. .. .. .. .. .. ..

159 2.1 .. .. .. 40.1 20.6 31.0 27.7

245 3.3 16.5 8.2 9.2 .. .. .. ..

.. .. ..

.. .. ..

.. .. ..

15.9 23.8 11.2 3.8 26.1

15.1 21.8 15.8 5.5 41.4

12.6 27.6 8.4 6.9 49.8

Efficiency—Financial Markets Stock market turnover ratio (%)

5.4

1.3

2.0

Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%)

9.5 .. ..

10.8 .. ..

11.3 .. ..

..

..

..

100.0 –0.14 0

94.5 –0.21 0

87.5 0.00 0

0.7 ..

1.1 ..

0.9 ..

Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%) Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax)

Stability—Financial Markets Stock price volatility Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

130

2015/2016  The Little Data Book on Financial Development


Malaysia East Asia & Pacific Gross domestic product ($ billions)

Upper middle income 313.2

Population (millions)

29.7

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%)

115.1 123.5 ..

93.7 117.9 101.2 132.2 .. ..

Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years)

132.9 35.4 35.8 33.8 20.8 3.7 3.3 4.0 7.9

116.0 142.1 53.2 41.3 54.5 61.4 32.1 47.0 14.4 16.6 2.8 3.4 2.1 5.5 6.2 5.4 6.7 7.6

Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%)

.. 13.9 .. .. .. .. .. .. ..

.. 11.2 .. .. .. 60.4 48.6 49.3 57.2

.. 11.3 66.2 35.4 11.2 .. .. .. ..

Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%)

93.1 66.9 41.3

59.0 63.4 36.3

56.5 63.8 36.8

Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax)

3.4 3.2 0.9 1.4 16.6

1.4 3.0 0.2 1.2 17.6

0.6 1.6 0.5 0.3 1.0

Efficiency—Financial Markets Stock market turnover ratio (%)

34.2

31.8

28.7

Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%)

4.9 13.9 13.8

4.4 4.8 16.1

8.1 1.8 14.6

Stability—Financial Markets Stock price volatility

13.0

19.0

8.6

100.0 –0.11 0

68.5 0.00 0

71.0 0.00 0

36.0 –0.8

35.8 –12.6

31.5 8.8

Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

The Little Data Book on Financial Development  2015/2016

131


Maldives South Asia

Upper middle income

Gross domestic product ($ billions)

data 2.3

Population (thousands)

345.0 data

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%) Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years) Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%) Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%)

18.1 19.4 1.9

60.1 68.0 4.9

41.1 58.6 18.9

.. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. ..

.. .. .. .. .. 5.0 .. 4.9 ..

709 13.8 .. .. .. .. .. .. ..

1,056 1,328 16.7 16.2 .. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. ..

.. .. ..

.. .. ..

.. 6.5 .. .. ..

6.7 6.5 2.1 2.9 21.9

10.0 7.3 2.9 5.8 42.9

Efficiency—Financial Markets Stock market turnover ratio (%)

..

..

..

Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%)

.. .. ..

6.9 .. ..

8.7 .. ..

Stability—Financial Markets Stock price volatility

..

..

..

Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy

.. .. 0

.. .. 0

.. .. 0

Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

.. ..

.. ..

.. ..

Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax)

132

2015/2016  The Little Data Book on Financial Development


Mali Sub-Saharan Africa Gross domestic product ($ billions)

Low income 10.9

Population (millions)

15.3

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%)

18.2 19.0 ..

17.0 18.8 ..

20.6 23.1 ..

Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years)

.. .. .. .. .. 9.5 .. 0.7 ..

.. .. .. .. .. 1.3 .. 0.9 ..

.. .. .. .. .. .. .. .. ..

Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%)

58 2.6 .. .. .. .. .. .. ..

96 3.0 .. .. .. 10.0 7.0 6.7 5.8

157 5.5 8.2 4.5 3.7 .. .. .. ..

.. .. ..

.. .. ..

.. .. ..

6.0 .. 4.9 1.0 8.1

6.9 .. 6.0 2.1 17.5

4.7 .. 5.1 1.6 14.3

..

..

..

18.5 .. ..

18.7 .. ..

17.1 .. ..

..

..

..

84.0 –0.08 0

68.2 –0.08 0

92.3 –0.05 0

.. ..

.. ..

.. ..

Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%) Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax) Efficiency—Financial Markets Stock market turnover ratio (%) Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%) Stability—Financial Markets Stock price volatility Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

The Little Data Book on Financial Development  2015/2016

133


Malta

High income

Gross domestic product ($ billions)

data 9.6

Population (thousands)

423.4 data

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%)

103.6 135.7 ..

113.8 119.8 136.0 148.3 .. ..

Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years)

33.2 1.0 17.3 63.3 .. .. .. .. ..

56.0 1.0 14.1 55.4 .. 38.7 .. 2.9 ..

Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%)

.. 38.8 .. .. .. .. .. .. ..

911 1,172 40.0 38.8 .. 95.3 .. 44.8 .. 10.0 .. .. .. .. .. .. .. ..

Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%)

14.2 1.7 ..

4.3 5.6 ..

6.6 7.8 ..

Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax)

2.5 2.4 0.3 10.0 78.2

3.6 2.6 25.0 –14.8 –34.0

2.0 .. 2.0 0.1 1.7

2.5

1.5

1.3

4.4 6.5 21.3

2.6 5.5 11.5

0.8 9.2 14.9

..

..

..

Efficiency—Financial Markets Stock market turnover ratio (%) Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%) Stability—Financial Markets Stock price volatility Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

134

93.5 –0.07 0 32.6 ..

38.2 0.5 7.3 62.7 .. 7.7 .. 4.6 ..

99.5 100.0 –0.06 –0.00 0 0 46.4 ..

2015/2016  The Little Data Book on Financial Development

47.7 ..


Marshall Islands East Asia & Pacific Gross domestic product ($ millions)

Lower middle income 190.9

Population (thousands)

52.6

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%)

.. .. ..

.. .. ..

.. .. ..

Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years)

.. .. .. .. .. 27.8 .. 11.5 ..

Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%)

.. 11.9 .. .. .. .. .. .. ..

.. 17.3 .. .. .. .. .. .. ..

.. 19.6 .. .. .. .. .. .. ..

Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%)

.. .. ..

.. .. ..

.. .. ..

Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax)

.. .. .. .. ..

.. .. .. .. ..

.. .. .. .. ..

Efficiency—Financial Markets Stock market turnover ratio (%)

..

..

..

Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%)

.. .. ..

.. .. ..

.. .. ..

Stability—Financial Markets Stock price volatility

..

..

..

Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy

.. .. 0

.. .. 0

.. .. 0

Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

.. ..

.. ..

.. ..

The Little Data Book on Financial Development  2015/2016

.. .. .. .. .. .. .. .. .. .. 861.4 394.3 .. .. 13.5 8.4 .. ..

135


Mauritania Sub-Saharan Africa Gross domestic product ($ billions)

Lower middle income data 4.2

Population (millions)

data 3.9

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%)

.. .. ..

24.4 29.3 ..

27.5 31.5 ..

Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years)

.. .. .. .. .. .. .. .. ..

.. .. .. .. .. 31.6 .. 13.0 ..

.. .. .. .. .. .. .. .. ..

Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%)

.. .. .. .. .. .. .. .. ..

35 4.1 .. .. .. 16.0 3.2 13.5 12.1

66 4.6 17.5 6.4 7.9 .. .. .. ..

Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%)

.. .. ..

.. .. ..

.. .. ..

7.4 13.0 5.7 2.3 12.0

2.5 12.3 2.8 0.1 3.3

4.3 11.2 3.6 0.9 5.0

..

..

..

29.6 .. ..

25.1 .. ..

27.2 .. ..

..

..

..

72.1 –0.02 0

90.4 –0.02 0

72.3 0.03 0

.. ..

.. ..

.. ..

Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax) Efficiency—Financial Markets Stock market turnover ratio (%) Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%) Stability—Financial Markets Stock price volatility Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

136

2015/2016  The Little Data Book on Financial Development


Mauritius Sub-Saharan Africa Gross domestic product ($ billions)

Upper middle income 11.9

Population (millions)

1.3

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%)

61.0 83.4 ..

76.9 101.5 98.6 119.5 .. ..

Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years)

30.1 1.4 .. .. .. 1.7 .. 15.0 ..

51.7 4.3 .. .. 8.7 0.1 .. 4.0 ..

63.3 3.5 .. .. 2.1 18.9 .. 4.4 ..

Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%)

.. 17.8 .. .. .. .. .. .. ..

.. 19.0 .. .. .. 47.4 37.5 39.5 41.0

.. 21.6 80.1 30.8 14.3 .. .. .. ..

Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%)

14.9 14.6 ..

12.3 39.3 ..

16.6 40.2 ..

Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax)

2.9 11.5 7.1 1.3 3.7

3.0 1.4 4.2 1.5 11.4

2.4 1.7 2.1 0.6 3.5

5.9

8.1

4.1

28.5 .. ..

13.0 2.0 15.3

14.7 4.2 17.3

8.9

22.8

4.7

71.6 –0.04 0

70.6 –0.03 0

57.5 –0.02 0

33.0 28.8

71.5 14.8

69.3 9.5

Efficiency—Financial Markets Stock market turnover ratio (%) Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%) Stability—Financial Markets Stock price volatility Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

The Little Data Book on Financial Development  2015/2016

137


Mexico Latin America & Caribbean Gross domestic product ($ billions) 1,260.9 data

Upper middle income Population (millions)

122.3 data

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%)

13.2 25.8 9.3

16.8 30.1 14.5

21.0 38.1 26.0

Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years)

15.0 3.4 11.0 14.5 11.0 1.2 1.4 4.1 8.4

28.5 10.1 13.6 16.4 7.8 1.6 0.7 6.4 9.6

38.2 9.4 17.0 29.0 12.8 1.9 3.0 5.0 10.8

Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%)

.. 10.6 .. .. .. .. .. .. ..

.. 13.1 .. .. .. 32.0 16.2 26.9 26.8

.. 15.3 27.4 6.7 7.6 .. .. .. ..

Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%)

23.7 39.4 9.6

27.4 30.5 8.6

44.8 44.4 7.8

4.8 3.9 2.6 0.2 2.1

4.9 5.7 3.4 0.7 5.6

2.7 2.9 2.7 0.6 7.7

Efficiency—Financial Markets Stock market turnover ratio (%)

22.0

34.6

26.0

Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%)

19.5 3.2 14.2

19.7 3.0 15.3

15.2 3.2 15.6

Stability—Financial Markets Stock price volatility

20.4

25.0

13.9

75.6 –0.06 0

60.7 –0.01 0

56.5 –0.07 0

1.5 8.8

1.1 –9.9

1.1 5.6

Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax)

Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

138

2015/2016  The Little Data Book on Financial Development


Micronesia, Fed. Sts. East Asia & Pacific Gross domestic product ($ millions)

Lower middle income 316.2

Population (thousands)

103.5

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%)

.. .. ..

.. .. ..

.. .. ..

Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years)

.. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. ..

.. 12.3 .. .. .. .. .. .. ..

.. 12.3 .. .. .. 43.0 7.2 19.4 29.5

.. 15.1 .. .. .. .. .. .. ..

.. .. ..

.. .. ..

.. .. ..

3.3 14.0 3.2 0.4 2.5

5.9 11.9 4.5 1.4 7.2

7.6 14.3 3.8 1.2 7.3

..

..

..

20.2 .. ..

27.6 .. ..

23.5 .. ..

Stability—Financial Markets Stock price volatility

..

..

..

Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy

.. .. 0

.. .. 0

.. .. 0

Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

.. ..

.. ..

.. ..

Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%) Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%) Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax) Efficiency—Financial Markets Stock market turnover ratio (%) Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%)

The Little Data Book on Financial Development  2015/2016

139


Moldova Europe & Central Asia Gross domestic product ($ billions)

Lower middle income data 8.0

Population (millions)

data 3.6

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%) Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years) Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%) Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%) Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax) Efficiency—Financial Markets Stock market turnover ratio (%) Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%) Stability—Financial Markets Stock price volatility Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

140

17.1 21.2 ..

34.5 37.5 ..

36.4 42.2 ..

.. 1.3 .. .. 5.0 .. .. .. ..

.. 2.3 .. .. .. 0.6 .. .. ..

.. .. .. .. .. 0.8 .. 5.4 ..

789 7.3 .. .. .. .. 34.3 27.4 ..

1,097 1,343 10.7 12.0 .. 18.1 .. 3.5 .. 6.4 39.6 25.4 30.8 19.7 .. 26.0 30.9 18.1

.. .. ..

.. .. ..

.. .. ..

10.7 6.7 7.5 4.8 20.9

7.1 3.1 4.8 2.5 13.6

4.9 5.1 4.0 1.2 6.6

..

..

..

7.4 6.4 31.6

6.4 5.2 32.2

5.4 11.6 23.4

..

..

..

100.0 –0.09 0

69.0 –0.07 0

75.5 0.00 0

.. ..

.. ..

.. ..

2015/2016  The Little Data Book on Financial Development


Monaco

High income

Gross domestic product ($ billions)

6.1

Population (thousands)

37.8

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%)

.. .. ..

.. .. ..

.. .. ..

.. .. .. .. .. 3.1 .. 7.5 ..

.. .. .. .. .. 2.3 .. 8.5 ..

.. .. .. .. .. 8.6 .. 6.9 ..

Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%)

.. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. ..

Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%)

.. .. ..

.. .. ..

.. .. ..

1.1 .. 1.8 –0.0 –0.4

.. .. .. .. ..

.. .. .. .. ..

..

..

..

15.2 .. ..

.. .. ..

.. .. ..

..

..

..

100.0 –0.05 0

.. .. 0

.. .. 0

.. ..

.. ..

.. ..

Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years)

Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax) Efficiency—Financial Markets Stock market turnover ratio (%) Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%) Stability—Financial Markets Stock price volatility Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

The Little Data Book on Financial Development  2015/2016

141


Mongolia East Asia & Pacific Gross domestic product ($ billions)

Lower middle income 11.5 data

Population (millions)

data 2.8

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%) Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years) Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%) Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%)

18.4 21.2 ..

37.9 38.6 ..

53.5 60.7 ..

2.3 0.1 .. .. .. 1.2 .. 1.0 ..

9.9 1.0 .. .. .. 0.2 .. 5.0 ..

13.9 0.4 .. .. .. 3.5 0.2 5.5 5.0

299 40.0 .. .. .. .. .. .. ..

1,238 3,183 57.2 72.0 .. 77.7 .. 23.2 .. 24.8 52.9 49.9 26.5 24.6 .. 46.3 51.8 44.0

.. .. ..

.. .. ..

.. .. ..

8.8 17.9 4.4 0.9 10.7

2.8 9.2 1.8 0.5 4.6

4.3 6.4 3.2 0.6 7.8

2.2

9.3

2.9

20.4 .. ..

36.6 .. ..

19.7 .. ..

Stability—Financial Markets Stock price volatility

121.4

55.9

17.3

Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy

100.0 –0.09 0

96.9 100.0 –0.04 –0.13 1 1

Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

162.8 –31.5

142.8 117.6 50.7 –20.7

Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax) Efficiency—Financial Markets Stock market turnover ratio (%) Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%)

142

2015/2016  The Little Data Book on Financial Development


Montenegro Europe & Central Asia Gross domestic product ($ billions)

Upper middle income 4.4

Population (thousands)

621.4

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%)

.. .. ..

78.9 81.1 ..

53.3 61.4 ..

Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years)

.. .. .. .. .. .. .. .. ..

76.4 5.8 .. .. .. 6.4 .. 4.6 ..

85.8 1.4 .. .. .. .. .. .. ..

.. 21.0 .. .. .. .. .. .. ..

.. 41.7 .. .. .. 49.6 75.8 .. 46.4

.. 42.5 50.4 3.4 21.8 54.6 29.5 43.8 50.8

.. .. ..

.. .. ..

.. .. ..

14.5 .. 12.6 3.4 16.6

3.3 .. 2.9 –0.4 –5.7

5.2 .. 4.2 1.1 8.2

..

3.0

1.2

Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%)

14.5 .. ..

4.5 .. ..

8.6 .. ..

Stability—Financial Markets Stock price volatility

26.4

33.7

15.3

82.4 –0.02 0

85.9 0.02 0

68.1 –0.02 0

16.3 77.0

40.4 –46.3

53.1 4.8

Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%) Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%) Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax) Efficiency—Financial Markets Stock market turnover ratio (%)

Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

The Little Data Book on Financial Development  2015/2016

143


Morocco Middle East & North Africa Gross domestic product ($ billions)

103.8 data

Lower middle income Population (millions)

33.0 data

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%)

46.8 64.7 ..

68.8 82.6 ..

69.9 92.9 ..

Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years)

23.1 1.4 .. .. 0.8 0.3 .. 14.0 ..

82.5 28.2 .. .. 1.2 0.3 .. 4.6 ..

56.8 4.9 .. .. 3.8 2.1 .. 15.1 ..

Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%)

.. 10.0 .. .. .. .. .. .. ..

.. 14.3 .. .. .. 33.4 12.3 30.2 20.0

.. 24.4 39.1 12.2 4.3 .. .. .. ..

.. .. ..

27.0 27.8 ..

28.4 29.8 ..

Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax)

3.8 8.8 2.2 0.7 8.6

3.2 .. 2.4 1.3 16.4

2.7 .. 1.9 1.2 12.2

Efficiency—Financial Markets Stock market turnover ratio (%)

6.0

29.9

6.4

Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%)

17.9 18.7 9.6

18.7 6.0 11.2

22.3 5.9 13.3

Stability—Financial Markets Stock price volatility

10.3

15.4

10.5

100.0 –0.01 0

88.5 –0.02 0

99.3 –0.02 0

1.8 10.4

2.5 13.0

2.3 –11.9

Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%)

Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

144

2015/2016  The Little Data Book on Financial Development


Mozambique Sub-Saharan Africa Gross domestic product ($ billions)

Low income 15.6

Population (millions)

25.8

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%)

11.5 16.8 ..

14.9 23.3 ..

25.6 38.4 ..

Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years)

.. .. .. .. .. 0.8 .. 10.8 ..

.. .. .. .. .. 0.8 .. 3.7 ..

.. .. .. .. .. 0.5 .. 13.3 ..

.. 1.8 .. .. .. .. .. .. ..

.. 2.5 .. .. .. 14.2 10.5 8.5 6.5

.. 3.9 39.9 17.5 5.9 .. .. .. ..

.. .. ..

.. .. ..

.. .. ..

7.1 12.5 6.7 1.6 17.1

8.8 7.3 8.1 2.5 25.3

6.4 6.5 7.6 0.7 4.9

..

..

..

1.5 14.4 17.0

1.8 1.9 13.9

1.9 3.0 15.1

..

..

..

100.0 0.16 0

88.9 0.12 0

78.0 0.08 0

.. ..

.. ..

.. ..

Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%) Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%) Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax) Efficiency—Financial Markets Stock market turnover ratio (%) Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%) Stability—Financial Markets Stock price volatility Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

The Little Data Book on Financial Development  2015/2016

145


Myanmar East Asia & Pacific Gross domestic product ($ millions)

Low income data..

Population (millions)

data 53.3

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%) Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years) Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%) Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%) Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax) Efficiency—Financial Markets Stock market turnover ratio (%) Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%) Stability—Financial Markets Stock price volatility Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

146

6.2 8.4 ..

.. .. ..

.. .. ..

.. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. ..

.. 1.7 .. .. .. .. .. .. ..

.. 1.4 .. .. .. .. .. .. ..

159 2.6 .. .. .. .. .. .. ..

.. .. ..

.. .. ..

.. .. ..

0.9 5.5 0.1 0.1 29.9

1.8 5.0 0.6 0.0 0.9

3.9 5.0 0.1 0.2 17.9

..

..

..

1.3 .. ..

0.6 .. ..

0.4 .. ..

..

..

..

100.0 –0.05 0

100.0 –0.02 0

97.1 .. 0

.. ..

.. ..

.. ..

2015/2016  The Little Data Book on Financial Development


Namibia Sub-Saharan Africa Gross domestic product ($ billions)

Upper middle income 13.1

Population (millions)

2.3

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%)

42.5 47.2 ..

44.7 49.5 ..

44.2 50.8 ..

5.6 0.0 .. .. .. .. .. .. ..

7.3 0.2 .. .. .. 2.3 .. .. ..

8.9 0.1 .. .. 3.7 .. .. .. ..

99 10.7 .. .. .. .. .. .. ..

153 12.5 .. .. .. 24.0 8.1 19.6 23.6

734 12.7 .. .. .. .. .. .. ..

.. .. ..

.. .. ..

.. .. ..

11.5 5.9 4.1 –2.2 –3.7

4.6 5.4 3.9 2.0 15.8

3.8 4.3 4.1 1.4 14.4

0.6

3.0

1.8

Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%)

21.9 3.9 14.8

6.7 3.1 15.5

4.6 1.3 14.4

Stability—Financial Markets Stock price volatility

16.3

29.6

17.4

Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years) Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%) Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%) Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax) Efficiency—Financial Markets Stock market turnover ratio (%)

Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

100.0 –0.01 0 6.6 7.9

The Little Data Book on Financial Development  2015/2016

100.0 100.0 –0.02 0.01 0 0 3.3 –13.3

3.1 6.0

147


Nepal South Asia

Low income

Gross domestic product ($ billions)

19.3 data

Population (millions)

27.8 data

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%)

25.1 34.2 ..

36.4 45.4 ..

53.8 64.3 ..

Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years)

7.1 0.4 .. .. .. .. .. .. ..

41.3 2.5 .. .. .. .. .. .. ..

20.1 0.3 .. .. .. 0.6 .. 15.0 ..

Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%)

.. 2.6 .. .. .. .. .. .. ..

317 3.6 .. .. .. 39.1 17.5 32.1 36.3

.. 8.6 25.3 9.9 10.8 35.0 17.0 13.7 33.6

.. .. ..

.. .. ..

.. .. ..

3.9 4.4 6.7 –3.0 18.6

3.8 5.6 2.2 2.2 26.5

4.4 .. 2.2 1.6 18.9

6.4

7.1

1.3

–13.1 .. ..

1.3 .. ..

7.4 .. ..

..

..

..

57.0 0.02 0

36.0 –0.02 0

26.9 –0.00 0

3.0 ..

5.7 ..

7.9 ..

Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%) Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax) Efficiency—Financial Markets Stock market turnover ratio (%) Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%) Stability—Financial Markets Stock price volatility Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

148

2015/2016  The Little Data Book on Financial Development


Netherlands

High income

Gross domestic product ($ billions)

853.5

Population (millions)

16.8

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%)

144.0 156.1 ..

189.3 195.9 199.3 212.6 .. ..

Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years)

85.8 95.9 59.3 46.2 91.7 6.1 2.1 3.8 7.8

77.1 73.3 167.5 58.4 70.6 71.8 40.9 47.9 124.9 182.3 6.1 6.5 2.2 3.5 5.7 4.3 9.0 11.4

Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%)

.. 33.7 .. .. .. .. .. .. ..

.. 27.6 .. .. .. .. .. .. ..

.. 17.4 98.7 57.8 12.6 .. .. .. ..

.. .. ..

.. .. ..

.. .. ..

1.0 0.5 1.2 0.2 3.8

0.6 0.2 1.0 –0.7 –23.1

1.4 .. 0.8 0.2 7.0

108.2

159.2

73.1

Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%)

13.1 2.0 12.3

2.9 1.7 11.9

6.1 3.2 14.9

Stability—Financial Markets Stock price volatility

39.6

23.0

16.0

Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy

62.2 –0.02 0

98.0 –0.03 1

96.4 –0.02 1

Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

16.5 –27.2

6.7 –25.0

6.3 13.7

Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%) Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax) Efficiency—Financial Markets Stock market turnover ratio (%)

The Little Data Book on Financial Development  2015/2016

149


New Caledonia

High income

Gross domestic product ($ billions)

data..

Population (thousands)

262.0 data

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%)

.. .. ..

.. .. ..

.. .. ..

.. .. .. .. .. .. .. 16.0 ..

.. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. ..

Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%)

.. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. ..

Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%)

.. .. ..

.. .. ..

.. .. ..

Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax)

.. .. .. .. ..

.. .. .. .. ..

.. .. .. .. ..

Efficiency—Financial Markets Stock market turnover ratio (%)

..

..

..

Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%)

.. .. ..

.. .. ..

.. .. ..

Stability—Financial Markets Stock price volatility

..

..

..

Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy

.. .. 0

.. .. 0

.. .. 0

Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

.. ..

.. ..

.. ..

Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years)

150

2015/2016  The Little Data Book on Financial Development


New Zealand

High income

Gross domestic product ($ billions)

185.8

Population (millions)

4.4

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%)

101.9 108.3 ..

142.7 145.2 ..

.. .. ..

Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years)

34.3 11.3 .. 26.7 12.9 1.5 0.8 2.3 9.2

27.0 20.2 .. 14.8 6.7 6.0 1.1 2.5 8.6

44.9 13.7 .. 31.2 13.0 7.9 1.3 3.9 5.9

Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%)

.. 35.0 .. .. .. .. .. .. ..

.. 34.9 .. .. .. .. .. .. ..

.. 30.9 99.4 60.4 26.6 .. .. .. ..

Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%)

26.0 40.5 ..

17.7 43.0 ..

.. 55.1 ..

Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax)

2.2 1.9 1.9 1.1 32.7

1.8 1.4 0.9 0.8 30.3

2.0 1.7 1.1 0.7 10.0

Efficiency—Financial Markets Stock market turnover ratio (%)

35.0

89.7

32.5

Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%)

14.6 .. ..

9.0 0.9 11.4

18.4 1.0 12.4

9.9

12.8

8.6

.. –0.00 0

99.7 –0.04 0

90.5 –0.01 0

35.3 4.0

23.2 –24.8

32.2 20.9

Stability—Financial Markets Stock price volatility Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

The Little Data Book on Financial Development  2015/2016

151


Nicaragua Latin America & Caribbean Gross domestic product ($ billions)

11.3 data

Lower Middle income Population (millions)

data 6.1

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%)

20.6 25.5 ..

28.2 31.7 ..

26.3 29.3 0.2

Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years)

.. .. .. .. .. 0.6 .. 6.5 ..

.. .. .. .. .. 2.1 .. 15.0 ..

.. .. .. .. .. 1.2 .. 1.5 ..

Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%)

.. 5.0 .. .. .. .. .. .. ..

.. 8.3 .. .. .. 43.4 21.9 18.4 32.9

.. 7.6 14.2 6.5 7.6 .. .. .. ..

.. .. ..

.. .. ..

.. .. ..

7.2 10.0 5.2 –3.4 24.4

12.4 6.6 9.3 2.9 28.2

4.4 14.0 3.5 1.6 17.0

..

..

..

–5.4 .. ..

2.6 .. ..

2.4 .. ..

..

..

..

Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%) Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax) Efficiency—Financial Markets Stock market turnover ratio (%) Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%) Stability—Financial Markets Stock price volatility Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

152

98.9 0.06 0

79.8 100.0 0.03 0.03 0 0

.. ..

2015/2016  The Little Data Book on Financial Development

.. ..

.. ..


Niger Sub-Saharan Africa Gross domestic product ($ billions)

Low income 7.4

Population (millions)

17.8

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%)

5.2 5.9 ..

9.4 10.2 ..

14.0 15.1 ..

Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years)

.. .. .. .. .. 1.0 .. .. ..

.. .. .. .. .. .. .. .. ..

.. .. .. .. .. 7.5 .. 7.0 ..

Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%)

17 0.4 .. .. .. .. .. .. ..

22 0.8 .. .. .. 29.7 9.3 33.4 17.6

44 1.6 1.5 1.2 1.3 .. .. .. ..

.. .. ..

.. .. ..

.. .. ..

7.2 .. 9.4 0.9 8.2

5.4 .. 5.4 1.0 13.1

5.7 .. 5.8 2.3 21.5

..

..

..

17.0 .. ..

13.8 .. ..

19.0 .. ..

..

..

..

Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%) Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax) Efficiency—Financial Markets Stock market turnover ratio (%) Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%) Stability—Financial Markets Stock price volatility Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

82.4 –0.07 0 .. ..

The Little Data Book on Financial Development  2015/2016

91.8 100.0 –0.06 –0.05 0 0 .. ..

.. ..

153


Nigeria Sub-Saharan Africa Gross domestic product ($ billions)

Lower middle income 521.8 data

Population (millions)

173.6 data

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%)

12.5 17.8 ..

27.8 36.7 ..

11.6 18.9 ..

Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years)

10.7 0.9 .. .. 2.1 1.5 .. 7.8 ..

35.4 9.2 .. .. 0.3 0.4 0.1 8.0 5.0

10.3 0.9 .. .. 0.6 1.8 0.1 7.3 5.0

.. 4.7 .. .. .. .. .. .. ..

309 6.2 .. .. .. 3.8 2.7 4.3 2.9

662 6.0 29.7 23.6 2.1 .. .. .. ..

.. .. ..

.. .. ..

.. .. ..

Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax)

8.8 6.5 8.5 2.1 16.7

5.5 3.5 3.6 0.2 1.6

7.9 8.8 7.1 0.5 3.9

Efficiency—Financial Markets Stock market turnover ratio (%)

11.8

27.1

8.8

Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%)

2.7 20.5 17.8

1.1 6.3 21.9

2.2 3.2 17.1

Stability—Financial Markets Stock price volatility

14.3

15.1

12.3

30.6 –0.14 0

60.2 –0.04 0

87.3 –0.18 1

1.5 32.2

1.4 8.6

1.1 54.3

Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%) Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%)

Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

154

2015/2016  The Little Data Book on Financial Development


Norway

High income

Gross domestic product ($ billions)

512.6

Population (millions)

5.1

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%)

75.0 77.1 11.9

79.7 82.4 8.9

.. .. ..

Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years)

38.1 27.9 27.1 16.6 25.3 3.3 0.9 4.7 8.8

55.1 94.7 21.4 11.2 34.6 6.7 0.3 4.9 5.2

46.3 33.4 36.1 19.1 53.6 5.5 4.2 5.2 9.8

Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%)

967 13.1 .. .. .. .. .. .. ..

Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%)

18.9 22.4 17.1

22.3 33.5 16.4

32.1 25.3 15.1

Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax)

2.1 2.6 1.7 0.6 12.8

2.0 1.8 1.2 0.1 1.5

2.0 .. 1.1 0.9 12.6

Efficiency—Financial Markets Stock market turnover ratio (%)

81.7

147.3

57.4

Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%)

15.5 1.6 12.4

15.4 0.7 10.1

23.7 1.3 15.5

Stability—Financial Markets Stock price volatility

23.6

29.0

18.0

Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy

99.1 0.09 0

94.6 0.23 0

80.5 –0.02 0

Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

34.6 –7.4

43.8 –17.7

36.7 16.2

The Little Data Book on Financial Development  2015/2016

1,383 1,236 11.6 9.1 .. .. .. .. .. .. .. .. .. .. .. .. .. ..

155


Oman

High income

Gross domestic product ($ billions)

79.7 data

Population (millions)

data 3.6

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%)

36.6 42.0 ..

30.1 32.5 ..

41.4 48.9 ..

Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years)

20.8 4.1 .. .. 0.8 5.4 .. 14.0 ..

32.1 11.4 .. .. 2.0 1.1 0.5 14.1 5.0

25.7 3.4 .. .. 2.1 1.0 0.4 10.5 5.0

Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%)

.. 21.8 .. .. .. .. .. .. ..

1,047 23.0 .. .. .. .. .. .. ..

.. 20.3 73.6 22.6 9.2 .. .. .. ..

.. .. ..

.. .. ..

76.0 63.4 ..

Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax)

4.3 5.9 2.7 –0.9 –6.9

3.4 2.6 2.0 2.3 16.6

3.0 3.0 2.0 1.5 13.0

Efficiency—Financial Markets Stock market turnover ratio (%)

27.7

42.9

13.3

Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%)

11.8 12.5 17.6

15.1 2.0 14.7

12.6 2.1 16.2

7.8

19.3

7.9

84.1 –0.02 0

72.7 –0.03 0

69.8 –0.02 0

40.2 32.5

47.0 44.5

37.4 12.8

Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%)

Stability—Financial Markets Stock price volatility Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

156

2015/2016  The Little Data Book on Financial Development


Pakistan South Asia Gross domestic product ($ billions)

Lower middle income 232.3

Population (millions)

182.1

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%)

22.0 36.0 ..

28.1 40.1 ..

15.3 35.7 ..

Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years)

16.2 55.4 .. 35.4 0.4 1.4 .. 10.3 ..

29.4 47.7 .. 28.0 1.8 0.5 0.1 7.9 6.0

16.9 4.9 .. 39.4 0.7 0.1 0.0 2.0 3.6

Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%)

124 7.5 .. .. .. .. .. .. ..

202 8.3 .. .. .. 8.6 9.7 4.6 2.5

288 9.3 10.3 1.4 1.6 .. .. .. ..

.. .. ..

.. .. ..

.. .. ..

3.5 5.6 3.5 1.0 14.2

4.7 6.0 3.7 –0.3 –2.4

3.6 4.8 3.2 0.6 7.7

494.3

108.8

31.5

Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%)

9.1 17.0 8.5

13.7 9.1 12.2

9.1 13.0 14.9

Stability—Financial Markets Stock price volatility

24.0

21.7

12.4

82.7 –0.07 0

88.6 –0.07 0

80.5 –0.15 0

4.6 84.7

3.9 –4.3

3.2 49.4

Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%) Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax) Efficiency—Financial Markets Stock market turnover ratio (%)

Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

The Little Data Book on Financial Development  2015/2016

157


Palau East Asia & Pacific Gross domestic product ($ millions)

Upper middle income 247.0 data

Population (thousands)

20.9 data

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%)

.. .. ..

.. .. ..

.. .. ..

Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years)

.. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. ..

Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%)

.. .. .. .. .. .. .. .. ..

.. 1,514 .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. ..

Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%)

.. .. ..

.. .. ..

.. .. ..

Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax)

.. .. .. .. ..

.. .. .. .. ..

.. .. .. .. ..

Efficiency—Financial Markets Stock market turnover ratio (%)

..

..

..

Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%)

.. .. ..

.. .. ..

.. .. ..

Stability—Financial Markets Stock price volatility

..

..

..

Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy

.. .. 0

.. .. 0

.. .. 0

Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

.. ..

.. ..

.. ..

158

2015/2016  The Little Data Book on Financial Development


Panama Latin America & Caribbean Gross domestic product ($ billions)

42.6

Upper middle income Population (millions)

3.9

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%)

77.6 81.6 ..

79.3 82.7 ..

67.5 72.5 ..

Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years)

23.4 0.4 .. .. 42.3 0.4 1.4 10.9 11.5

26.2 0.8 .. .. 38.5 7.8 1.5 11.3 13.0

30.8 0.2 .. .. 30.2 2.0 1.6 9.2 15.6

Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%)

.. .. .. .. .. .. .. .. ..

.. 23.2 .. .. .. 20.7 1.1 9.0 18.8

.. 24.6 24.9 12.5 9.8 .. .. .. ..

Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%)

.. .. ..

.. .. ..

.. .. ..

3.2 6.0 3.2 1.6 16.6

4.5 4.6 3.6 1.5 14.1

2.5 4.5 1.8 0.6 8.0

1.5

3.9

1.0

28.7 2.5 18.1

29.1 3.0 15.2

20.5 1.9 14.8

6.6

8.7

6.0

47.6 –0.01 0

74.7 –0.02 0

64.2 –0.01 0

7.4 10.1

6.5 4.6

6.6 16.2

Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax) Efficiency—Financial Markets Stock market turnover ratio (%) Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%) Stability—Financial Markets Stock price volatility Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

The Little Data Book on Financial Development  2015/2016

159


Papua New Guinea East Asia & Pacific Gross domestic product ($ billions)

Lower middle income 15.4 data

Population (millions)

data 7.3

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%)

13.7 23.7 ..

22.3 35.2 12.8

26.6 40.9 16.9

Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years)

56.6 0.1 .. .. .. 2.5 .. 0.5 ..

150.6 0.7 .. .. .. 5.4 .. 5.0 ..

68.0 0.3 .. .. .. 3.9 .. 13.2 ..

.. 1.9 .. .. .. .. .. .. ..

174 1.8 .. .. .. .. .. .. ..

.. 1.9 .. .. .. .. .. .. ..

.. .. ..

.. .. ..

.. .. ..

5.4 9.0 4.6 8.0 53.5

4.4 7.9 2.5 4.6 34.3

5.2 9.8 2.5 5.8 33.8

0.1

0.5

0.5

14.3 .. ..

12.4 .. ..

15.7 .. ..

..

..

..

Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%) Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%) Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax) Efficiency—Financial Markets Stock market turnover ratio (%) Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%) Stability—Financial Markets Stock price volatility Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

160

.. 0.00 0 1.6 ..

100.0 100.0 .. .. 0 0 1.5 ..

2015/2016  The Little Data Book on Financial Development

1.5 ..


Paraguay Latin America & Caribbean Gross domestic product ($ billions)

29.0

Lower middle income Population (millions)

6.8

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%)

16.7 18.2 ..

18.2 19.5 ..

41.3 42.8 ..

Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years)

2.6 0.1 .. .. .. 0.9 .. 5.0 ..

3.2 0.0 .. .. .. .. .. .. ..

3.8 0.1 .. .. 2.4 0.6 1.2 0.7 10.0

Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%)

53 4.1 .. .. .. .. .. .. ..

78 5.6 .. .. .. 60.2 30.1 48.0 54.7

193 10.3 21.7 9.7 12.9 .. .. .. ..

.. .. ..

.. .. ..

.. .. ..

7.6 34.2 27.5 –0.0 –0.0

9.5 22.7 7.3 3.9 34.5

8.2 15.0 4.4 2.6 24.0

1.9

0.5

5.6

9.1 20.6 20.9

13.6 1.1 16.3

11.9 2.0 14.6

..

..

..

49.8 0.29 0

48.4 –0.23 0

51.3 –0.08 0

9.5 ..

11.4 ..

9.3 ..

Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%) Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax) Efficiency—Financial Markets Stock market turnover ratio (%) Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%) Stability—Financial Markets Stock price volatility Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

The Little Data Book on Financial Development  2015/2016

161


Peru Latin America & Caribbean Gross domestic product ($ billions)

202.3 data

Upper middle income Population (millions)

30.4 data

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%)

19.8 23.2 0.3

21.2 23.1 0.2

28.9 30.5 0.2

Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years)

25.1 1.7 11.9 1.1 7.8 0.5 0.4 7.7 8.2

70.6 5.4 10.4 5.1 9.3 3.4 0.2 6.1 6.7

46.7 2.6 7.6 6.1 14.0 1.6 2.1 7.7 10.1

Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%)

339 4.3 .. .. .. .. .. .. ..

369 28.0 .. .. .. 66.8 45.9 49.9 52.5

620 88.4 20.5 8.6 12.7 .. .. .. ..

Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%)

41.9 27.2 46.8

52.1 38.8 23.4

14.3 29.0 11.9

Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax)

5.6 17.9 5.0 0.6 6.4

10.0 20.2 6.8 2.2 20.9

7.8 15.8 4.9 1.8 17.2

5.5

6.0

5.5

Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%)

15.7 14.8 13.3

15.9 2.2 11.9

15.7 3.5 13.9

Stability—Financial Markets Stock price volatility

11.2

32.0

16.1

63.9 –0.07 0

68.9 –0.12 0

68.0 –0.09 0

7.3 48.0

7.0 –29.2

7.1 –18.1

Efficiency—Financial Markets Stock market turnover ratio (%)

Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

162

2015/2016  The Little Data Book on Financial Development


Philippines East Asia & Pacific Gross domestic product ($ billions)

Lower middle income 272.1

Population (millions)

98.4

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%)

28.9 45.4 4.2

25.2 38.0 4.6

33.1 47.4 ..

Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years)

36.3 3.3 0.4 33.6 28.7 0.8 0.8 4.9 9.6

47.5 14.1 0.9 30.9 19.3 1.3 0.5 5.8 4.8

86.8 13.7 1.2 30.7 16.7 2.0 1.8 4.5 9.4

Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%)

388 8.3 .. .. .. .. .. .. ..

372 7.7 .. .. .. 33.2 21.9 19.1 21.1

454 8.6 26.6 14.7 10.5 .. .. .. ..

Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%)

19.1 35.5 1.2

42.1 44.8 2.9

54.0 62.3 3.4

Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax)

3.5 4.3 1.9 1.2 4.5

3.9 4.3 3.2 –0.3 –3.5

4.0 4.1 4.1 1.6 10.5

Efficiency—Financial Markets Stock market turnover ratio (%)

8.6

20.9

16.0

Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%)

29.3 16.1 17.4

8.9 4.6 14.9

17.3 2.4 17.0

Stability—Financial Markets Stock price volatility

18.3

27.1

18.0

100.0 0.00 0

74.2 0.00 0

46.1 –0.05 0

2.8 –1.4

2.7 –23.1

2.8 25.3

Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

The Little Data Book on Financial Development  2015/2016

163


Poland

High income

Gross domestic product ($ billions)

525.9 data

Population (millions)

38.5 data

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%)

27.2 38.9 ..

43.2 55.0 ..

.. .. ..

Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years)

15.5 3.4 0.4 30.7 7.8 1.9 0.2 6.4 7.0

31.4 15.7 1.0 31.9 9.1 0.7 0.0 8.5 5.0

30.7 15.7 2.1 37.2 16.3 1.5 0.4 6.4 6.7

Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%)

.. 26.6 .. .. .. .. 34.3 27.7 ..

.. 32.7 .. .. .. 50.1 40.7 .. 47.5

.. 32.5 70.2 18.0 9.6 31.6 30.6 32.7 26.8

Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%)

18.2 34.6 ..

31.2 41.7 ..

29.2 45.4 ..

5.1 3.6 3.8 0.3 2.4

4.2 3.3 3.4 1.0 10.6

2.5 .. 2.0 0.6 6.0

Efficiency—Financial Markets Stock market turnover ratio (%)

25.3

40.8

44.1

Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%)

16.7 21.2 13.8

13.7 2.8 11.2

14.2 5.0 15.7

Stability—Financial Markets Stock price volatility

23.9

27.1

18.2

55.7 –0.13 0

46.7 –0.12 0

54.7 –0.12 0

5.3 7.1

9.2 –28.4

21.9 5.9

Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax)

Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

164

2015/2016  The Little Data Book on Financial Development


Portugal

High income

Gross domestic product ($ billions)

227.3

Population (millions)

10.5

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%)

131.7 137.2 ..

161.9 173.2 167.3 195.7 .. ..

Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years)

33.2 14.0 28.2 33.1 49.5 1.3 0.7 4.9 9.9

40.6 45.8 43.5 35.4 81.8 5.5 1.0 12.0 9.0

28.3 13.9 69.5 48.8 83.5 1.3 3.3 4.6 5.7

Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%)

.. 66.4 .. .. .. .. 24.4 20.3 ..

.. 63.8 .. .. .. .. .. .. ..

.. 58.0 81.2 25.6 8.3 .. .. .. ..

.. .. ..

.. .. ..

.. .. ..

1.4 .. 0.1 0.0 2.0

2.3 .. 3.8 –2.7 1.6

3.6 .. 2.5 0.5 4.0

Efficiency—Financial Markets Stock market turnover ratio (%)

39.6

77.6

43.2

Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%)

1.9 2.4 10.0

–0.9 3.6 9.4

9.0 10.6 13.3

Stability—Financial Markets Stock price volatility

15.0

19.8

18.1

Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy

91.1 0.00 0

72.7 –0.09 1

76.1 –0.11 1

Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

5.3 –6.7

4.6 –25.3

4.4 20.0

Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%) Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax)

The Little Data Book on Financial Development  2015/2016

165


Qatar

High income

Gross domestic product ($ billions)

203.2 data

Population (millions)

data 2.2

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%)

27.0 55.5 ..

35.5 48.3 ..

36.7 84.6 ..

125.1 29.8 .. .. 16.4 7.6 1.3 10.7 5.6

77.3 34.4 .. .. 10.2 8.6 0.4 14.5 6.6

66.2 10.1 .. .. 26.4 0.9 1.1 9.0 12.7

752 23.6 .. .. .. .. .. .. ..

669 19.0 .. .. .. .. .. .. ..

708 13.2 65.9 25.4 12.6 .. .. .. ..

.. .. ..

.. .. ..

37.3 24.3 ..

Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax)

3.2 3.8 1.3 2.3 16.7

2.6 3.9 1.0 2.8 22.4

3.0 3.7 1.1 2.2 15.7

Efficiency—Financial Markets Stock market turnover ratio (%)

40.3

54.1

12.2

Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%)

26.3 .. ..

23.9 1.2 15.5

24.8 1.9 16.0

..

22.8

7.5

93.1 –0.00 0

86.3 0.00 0

87.6 0.01 0

40.3 ..

30.9 46.7

20.5 16.0

Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years) Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%) Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%)

Stability—Financial Markets Stock price volatility Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

166

2015/2016  The Little Data Book on Financial Development


Romania Europe & Central Asia Gross domestic product ($ billions)

Upper middle income 189.6

Population (millions)

20.0

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%)

10.6 13.8 ..

33.0 35.6 14.8

35.2 48.0 16.2

8.5 0.7 .. .. 5.2 1.1 0.0 4.9 2.0

15.8 2.9 .. .. 1.8 0.6 .. 4.9 ..

10.2 1.5 .. .. 7.5 0.9 .. 4.4 ..

.. .. .. .. .. .. 20.6 26.3 ..

.. 34.8 .. .. .. 42.3 37.3 .. 34.5

.. 29.4 44.6 8.7 8.4 47.3 28.0 41.2 43.8

.. .. ..

.. .. ..

.. .. ..

6.3 14.4 5.5 0.3 2.6

4.5 5.5 4.1 0.8 9.4

3.5 6.0 3.7 –0.3 –2.3

8.8

11.4

12.3

Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%)

12.0 8.3 21.1

9.8 2.7 13.8

11.2 21.9 15.5

Stability—Financial Markets Stock price volatility

23.9

29.1

15.6

55.4 –0.10 0

67.8 –0.08 0

66.2 –0.06 0

207.8

88.8

3.8

Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years) Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%) Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%) Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax) Efficiency—Financial Markets Stock market turnover ratio (%)

Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

The Little Data Book on Financial Development  2015/2016

167


Russian Federation Europe & Central Asia Gross domestic product ($ billions) 2,096.8 data

Upper middle income Population (millions)

143.5 data

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%)

17.8 24.3 ..

35.7 38.7 1.6

48.8 54.3 2.9

Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years)

41.6 13.7 1.7 2.3 10.7 1.7 1.7 4.3 4.9

61.9 41.5 3.5 3.3 8.5 3.6 1.2 4.0 5.3

40.5 45.7 6.9 5.8 12.2 1.9 2.8 5.1 8.5

Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%)

.. 26.7 .. .. .. .. 10.9 15.7 ..

.. 35.8 .. .. .. 31.3 30.6 .. 17.2

.. 38.4 48.2 10.9 7.7 21.6 11.3 21.3 14.0

Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%)

.. .. 21.2

6.7 30.8 35.6

99.8 37.7 29.3

Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax)

5.2 8.5 5.6 2.3 12.0

5.7 6.5 36.5 0.9 7.1

4.8 3.9 18.8 1.5 10.4

Efficiency—Financial Markets Stock market turnover ratio (%)

45.2

54.7

89.5

Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%)

3.9 5.0 19.1

3.1 3.8 16.8

3.1 6.0 13.5

Stability—Financial Markets Stock price volatility

27.5

35.2

19.7

29.5 –0.05 0

22.6 –0.12 1

8.5 –0.05 1

1.5 42.0

2.2 –20.9

1.9 –0.9

Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

168

2015/2016  The Little Data Book on Financial Development


Rwanda Sub-Saharan Africa Gross domestic product ($ billions)

Low income 7.5

Population (millions)

11.8

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%) Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years) Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%) Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%) Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax) Efficiency—Financial Markets Stock market turnover ratio (%) Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%) Stability—Financial Markets Stock price volatility Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

8.9 10.4 ..

.. .. ..

.. .. ..

.. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. ..

7 0.4 .. .. .. .. .. .. ..

189 4.6 .. .. .. 37.6 15.9 32.5 22.0

244 6.0 32.8 17.8 8.4 45.5 23.3 43.9 38.8

.. .. ..

.. .. ..

.. .. ..

9.9 7.6 6.9 3.3 55.4

11.0 9.8 8.8 2.4 20.3

10.5 .. 8.9 1.7 11.6

..

..

..

4.1 33.0 2.9

9.3 12.6 15.9

10.2 7.0 23.0

..

..

..

90.3 –0.16 0

76.2 –0.13 0

86.2 –0.14 0

.. ..

.. ..

.. ..

The Little Data Book on Financial Development  2015/2016

169


Samoa East Asia & Pacific Gross domestic product ($ millions)

Lower middle income 801.9 data

Population (thousands)

190.4 data

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%) Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years) Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%) Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%) Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax) Efficiency—Financial Markets Stock market turnover ratio (%) Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%) Stability—Financial Markets Stock price volatility Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

170

32.3 34.5 ..

36.2 42.3 ..

40.4 44.6 ..

.. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. ..

367 10.4 .. .. .. .. .. .. ..

676 23.1 .. .. .. 51.3 48.3 68.7 45.3

988 23.0 .. .. .. .. .. .. ..

.. .. ..

.. .. ..

.. .. ..

4.2 6.8 5.0 1.0 9.1

7.6 6.6 5.8 4.2 16.9

7.6 7.3 6.0 4.0 16.8

..

..

..

8.0 .. ..

21.9 8.8 28.0

21.0 5.8 29.8

..

..

..

100.0 –0.07 0

100.0 0.00 0

.. 0.00 0

.. ..

.. ..

.. ..

2015/2016  The Little Data Book on Financial Development


San Marino

High income

Gross domestic product ($ billions)

..

Population (thousands)

31.4

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%)

.. .. ..

.. .. ..

.. .. ..

Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years)

.. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. ..

Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%) Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%) Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax) Efficiency—Financial Markets Stock market turnover ratio (%) Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%) Stability—Financial Markets Stock price volatility Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

.. 195.5 .. .. .. .. .. .. ..

1,359 1,382 233.5 211.8 .. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. ..

.. .. ..

.. .. ..

1.7 .. 0.9 1.0 13.8

2.4 .. 1.0 0.9 11.5

1.5 .. 2.5 –0.1 –1.3

..

..

..

8.0 .. ..

7.9 .. ..

7.5 .. ..

..

..

..

95.1 –0.04 0

88.9 –0.05 0

99.0 0.00 0

.. ..

.. ..

.. ..

The Little Data Book on Financial Development  2015/2016

171


São Tomé and Príncipe Sub-Saharan Africa Gross domestic product ($ millions)

Lower middle income 310.7 data

Population (thousands)

193.0 data

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%)

7.4 7.4 ..

25.2 25.9 ..

35.0 36.9 ..

.. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. ..

.. 4.7 .. .. .. .. .. .. ..

.. 8.6 .. .. .. .. .. .. ..

720 23.7 .. .. .. .. .. .. ..

.. .. ..

.. .. ..

.. .. ..

.. 20.1 .. .. ..

.. 19.7 12.4 –14.9 –92.3

.. 13.9 .. .. ..

Efficiency—Financial Markets Stock market turnover ratio (%)

..

..

..

Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%)

.. .. ..

.. .. ..

.. .. ..

Stability—Financial Markets Stock price volatility

..

..

..

Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy

.. .. 0

.. .. 0

.. .. 0

Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

.. ..

.. ..

.. ..

Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years) Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%) Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%) Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax)

172

2015/2016  The Little Data Book on Financial Development


Saudi Arabia

High income

Gross domestic product ($ billions)

748.4

Population (millions)

28.8

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%)

27.0 46.3 26.2

33.9 44.9 11.4

37.9 46.6 13.3

Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years)

54.0 45.2 .. 77.0 .. 0.4 0.1 8.7 7.0

75.3 118.1 .. 13.1 .. 4.3 0.5 11.4 12.9

48.4 54.6 .. 3.1 .. 2.6 1.1 9.6 11.5

Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%)

388 7.9 .. .. .. .. .. .. ..

659 8.0 .. .. .. .. .. .. ..

810 9.0 46.4 17.2 2.1 .. .. .. ..

.. .. ..

56.7 39.1 ..

68.1 45.6 ..

3.5 .. 1.7 2.3 21.3

3.3 .. 1.6 2.0 16.3

2.7 .. 1.3 2.0 14.7

Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%) Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax) Efficiency—Financial Markets Stock market turnover ratio (%)

137.3

134.0 144.8

Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%)

17.9 5.4 19.3

19.0 1.4 16.0

21.2 1.3 17.9

Stability—Financial Markets Stock price volatility

15.6

29.1

12.1

56.4 –0.04 0

51.8 –0.05 0

52.7 –0.03 0

3.1 34.0

4.8 5.0

5.6 9.2

Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

The Little Data Book on Financial Development  2015/2016

173


Senegal Sub-Saharan Africa Gross domestic product ($ billions)

Lower middle income 14.8 data

Population (millions)

14.1 data

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%)

18.3 20.0 ..

22.4 26.2 ..

30.3 35.1 ..

Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years)

.. .. .. .. .. 0.7 .. 1.0 ..

.. .. .. .. 1.5 0.4 .. 1.0 ..

.. .. .. .. 4.7 0.7 .. 9.7 ..

Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%)

83 2.0 .. .. .. .. .. .. ..

106 3.7 .. .. .. 15.3 19.8 9.6 10.8

154 4.7 5.8 3.7 3.5 .. .. .. ..

.. .. ..

.. .. ..

.. .. ..

7.1 .. 4.9 2.1 26.5

5.8 .. 4.3 1.4 15.6

3.6 .. 4.3 1.4 13.5

..

..

..

35.0 13.3 12.1

39.4 17.4 13.8

40.8 20.6 16.6

..

..

..

68.6 –0.07 0

72.5 –0.05 0

72.8 –0.05 0

.. ..

.. ..

.. ..

Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%) Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax) Efficiency—Financial Markets Stock market turnover ratio (%) Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%) Stability—Financial Markets Stock price volatility Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

174

2015/2016  The Little Data Book on Financial Development


Serbia Europe & Central Asia Gross domestic product ($ billions)

Upper middle income 45.5

Population (millions)

7.2

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%)

17.0 18.4 ..

35.5 37.0 ..

48.2 60.7 ..

Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years)

5.2 1.5 .. .. .. 0.1 .. 10.0 ..

39.0 4.1 .. .. .. 0.7 .. 3.7 ..

17.7 0.7 .. .. .. 0.9 1.5 3.0 7.0

Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%)

.. 22.2 .. .. .. .. 9.8 11.5 ..

.. 45.5 .. .. .. 67.6 42.8 .. 60.4

.. 33.5 62.2 3.2 12.3 46.8 25.9 36.9 45.2

.. .. ..

.. .. ..

.. .. ..

Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax)

8.9 12.7 9.9 2.0 7.4

8.4 8.8 5.0 1.5 6.5

5.3 9.2 9.7 –0.7 –3.3

Efficiency—Financial Markets Stock market turnover ratio (%)

48.4

6.5

4.0

Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%)

12.7 24.1 31.1

11.9 11.3 21.9

9.6 21.4 20.9

..

28.9

12.5

53.5 –0.20 0

43.5 –2.00 0

45.5 –0.61 0

Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%)

Stability—Financial Markets Stock price volatility Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

45.7 ..

The Little Data Book on Financial Development  2015/2016

239.0 150.9 –45.0 12.9

175


Seychelles Sub-Saharan Africa Gross domestic product ($ billions)

Upper middle income data 1.4

Population (thousands)

89.2 data

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%) Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years) Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%) Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%)

23.3 109.6 14.0

23.0 51.0 6.0

18.9 35.5 5.0

.. .. .. .. .. .. .. .. ..

.. .. .. .. 19.4 .. .. .. ..

.. .. .. .. 13.4 .. .. .. ..

275 42.0 .. .. .. .. .. .. ..

590 1,729 46.2 51.2 .. .. .. .. .. .. .. .. .. .. .. .. .. ..

.. .. ..

.. .. ..

.. .. ..

.. 6.6 .. .. ..

2.5 7.8 1.1 6.1 81.6

3.8 8.9 2.0 2.2 23.9

Efficiency—Financial Markets Stock market turnover ratio (%)

..

..

..

Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%)

.. .. ..

13.3 2.0 12.0

8.7 9.2 26.1

Stability—Financial Markets Stock price volatility

..

..

..

Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy

.. .. 0

Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

.. ..

Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax)

176

100.0 100.0 0.00 0.00 0 0

2015/2016  The Little Data Book on Financial Development

.. ..

.. ..


Sierra Leone Sub-Saharan Africa Gross domestic product ($ billions)

Low income 4.1

Population (millions)

6.1

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%) Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years) Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%) Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%) Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax) Efficiency—Financial Markets Stock market turnover ratio (%) Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%) Stability—Financial Markets Stock price volatility Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

2.2 6.2 ..

4.6 9.1 ..

5.7 12.4 ..

.. .. .. .. .. .. .. .. ..

.. .. .. .. .. 2.3 .. 6.1 ..

.. .. .. .. .. .. .. .. ..

.. 1.2 .. .. .. .. .. .. ..

92 2.2 .. .. .. 17.4 6.9 24.6 14.4

173 2.9 15.3 14.5 6.1 .. .. .. ..

.. .. ..

.. .. ..

.. .. ..

10.8 10.3 9.7 7.0 41.0

11.9 13.9 12.3 0.9 5.0

6.6 11.7 5.1 0.9 6.0

..

..

..

7.2 7.4 27.3

5.3 17.9 43.4

4.6 22.4 30.1

..

..

..

92.0 –0.29 0 .. ..

The Little Data Book on Financial Development  2015/2016

67.2 92.4 –0.69 –0.31 0 0 .. ..

.. ..

177


Singapore

High income

Gross domestic product ($ billions)

97.7 data

Population (millions)

data 5.4

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%)

34.6 58.0 ..

43.1 56.4 ..

50.3 67.5 ..

Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years)

5.5 1.8 2.1 26.2 11.3 0.3 0.4 6.0 7.0

6.4 0.0 4.7 20.8 6.5 0.7 0.0 4.6 3.0

4.9 0.2 5.0 29.3 19.8 0.9 3.6 5.5 16.1

Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%)

.. 25.2 .. .. .. .. 13.0 21.0 ..

.. 27.6 .. .. .. 42.4 33.5 .. 35.5

.. 26.9 79.6 36.8 11.4 42.5 40.8 40.1 41.5

.. .. ..

.. .. ..

.. .. ..

Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax)

3.9 3.1 3.7 1.0 13.1

2.8 2.0 1.9 0.1 0.9

1.8 .. 1.6 0.0 0.4

Efficiency—Financial Markets Stock market turnover ratio (%)

25.6

0.4

3.7

Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%)

16.9 3.7 22.4

22.5 2.5 11.1

12.3 5.1 16.5

Stability—Financial Markets Stock price volatility

23.5

11.4

14.3

89.2 –0.15 0

76.3 –0.08 0

94.7 –0.10 0

56.9 41.4

23.2 2.4

12.8 –3.0

Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%)

Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

178

2015/2016  The Little Data Book on Financial Development


Slovak Republic

High income

Gross domestic product ($ billions)

97.7

Population (millions)

5.4

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%)

34.6 58.0 ..

43.1 56.4 ..

50.3 67.5 ..

Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years)

5.5 1.8 2.1 26.2 11.3 0.3 0.4 6.0 7.0

6.4 0.0 4.7 20.8 6.5 0.7 0.0 4.6 3.0

4.9 0.2 5.0 29.3 19.8 0.9 3.6 5.5 16.1

Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%)

.. 25.2 .. .. .. .. 13.0 21.0 ..

.. 27.6 .. .. .. 42.4 33.5 .. 35.5

.. 26.9 79.6 36.8 11.4 42.5 40.8 40.1 41.5

.. .. ..

.. .. ..

.. .. ..

Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax)

3.9 3.1 3.7 1.0 13.1

2.8 2.0 1.9 0.1 0.9

1.8 .. 1.6 0.0 0.4

Efficiency—Financial Markets Stock market turnover ratio (%)

25.6

0.4

3.7

Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%)

16.9 3.7 22.4

22.5 2.5 11.1

12.3 5.1 16.5

Stability—Financial Markets Stock price volatility

23.5

11.4

14.3

89.2 –0.15 0

76.3 –0.08 0

94.7 –0.10 0

56.9 41.4

23.2 2.4

12.8 –3.0

Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%)

Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

The Little Data Book on Financial Development  2015/2016

179


Slovenia

High income

Gross domestic product ($ billions)

48.0 data

Population (millions)

data 2.1

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%)

38.0 48.2 ..

78.8 85.3 ..

78.6 96.4 ..

Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years)

21.1 3.2 2.8 16.6 9.1 0.3 0.4 5.0 13.7

39.2 3.9 4.5 12.5 8.6 0.0 1.1 8.0 6.6

13.4 0.9 7.3 10.5 20.2 1.5 .. 6.9 ..

Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%)

.. 41.1 .. .. .. .. 13.6 14.7 ..

.. 39.4 .. .. .. 71.2 52.2 .. 66.4

.. 34.4 97.1 28.9 12.8 65.6 30.4 36.2 62.9

Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%)

37.7 43.0 ..

48.9 30.3 ..

7.1 9.3 ..

Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax)

5.1 4.8 2.6 2.4 17.6

2.2 2.6 1.5 0.8 9.2

2.0 .. 1.9 –4.1 –46.8

Efficiency—Financial Markets Stock market turnover ratio (%)

11.7

6.5

6.5

Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%)

9.1 3.7 11.5

5.4 4.2 11.7

2.4 13.3 13.7

Stability—Financial Markets Stock price volatility

10.9

23.7

18.6

93.3 –0.11 0

70.5 –0.17 1

69.3 0.06 1

67.1 43.4

41.6 –22.5

29.7 10.6

Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

180

2015/2016  The Little Data Book on Financial Development


Solomon Islands East Asia & Pacific Gross domestic product ($ billions)

Lower middle income 1.1

Population (thousands)

561.2

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%)

8.6 15.1 29.2

24.7 27.5 17.4

17.5 18.7 25.6

.. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. ..

.. 8.6 .. .. .. .. .. .. ..

.. 8.8 .. .. .. .. .. .. ..

258 7.0 .. .. .. .. .. .. ..

.. .. ..

.. .. ..

.. .. ..

7.6 13.7 7.0 3.8 17.5

6.9 13.5 5.7 2.7 13.0

.. 10.5 .. .. ..

Efficiency—Financial Markets Stock market turnover ratio (%)

..

..

..

Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%)

.. .. ..

.. .. ..

.. .. ..

Stability—Financial Markets Stock price volatility

..

..

..

Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy

.. .. 0

.. .. 0

.. .. 0

Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

.. ..

.. ..

.. ..

Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years) Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%) Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%) Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax)

The Little Data Book on Financial Development  2015/2016

181


Somalia Sub-Saharan Africa Gross domestic product ($ millions)

Low income data..

Population (millions)

10.5 data

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%)

.. .. ..

.. .. ..

.. .. ..

Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years)

.. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. ..

Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%)

.. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. ..

.. .. 31.0 13.6 1.6 .. .. .. ..

Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%)

.. .. ..

.. .. ..

.. .. ..

Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax)

.. .. .. .. ..

.. .. .. .. ..

.. .. .. .. ..

Efficiency—Financial Markets Stock market turnover ratio (%)

..

..

..

Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%)

.. .. ..

.. .. ..

.. .. ..

Stability—Financial Markets Stock price volatility

..

..

..

Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy

.. .. 0

.. .. 0

.. .. 0

Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

.. ..

.. ..

.. ..

182

2015/2016  The Little Data Book on Financial Development


South Africa Sub-Saharan Africa Gross domestic product ($ billions)

Upper middle income 366.1

Population (millions)

53.2

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%)

59.7 66.5 159.8

77.8 68.5 85.3 79.8 189.3 213.5

Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years)

151.5 61.4 15.3 35.4 11.6 0.8 0.2 4.5 5.0

216.2 132.3 136.0 78.6 18.4 19.1 22.3 35.8 13.4 14.7 1.5 2.6 0.1 1.6 3.6 8.4 14.4 6.8

Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%)

.. 4.7 .. .. .. .. .. .. ..

.. 7.8 .. .. .. 30.1 34.8 21.1 22.9

.. 10.3 53.6 22.1 8.9 .. .. .. ..

Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%)

45.0 71.1 12.7

49.5 77.2 13.5

67.0 80.2 12.9

Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax)

11.7 5.2 11.5 0.1 0.7

3.3 3.5 2.4 1.2 16.3

3.7 3.3 2.9 0.3 3.9

Efficiency—Financial Markets Stock market turnover ratio (%)

38.7

64.7

59.3

Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%)

27.7 2.4 12.4

18.5 3.9 13.0

17.7 3.6 15.6

Stability—Financial Markets Stock price volatility

20.0

23.6

13.4

Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy

99.7 0.00 0

99.3 –0.09 0

98.0 –0.04 0

9.2 –13.6

7.7 –5.0

6.6 19.1

Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

The Little Data Book on Financial Development  2015/2016

183


Spain

High income

Gross domestic product ($ billions) 1,393.0 data

Population (millions)

46.6 data

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%)

105.6 123.8 ..

193.7 183.5 206.3 217.8 .. ..

Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years)

70.6 118.7 19.4 42.1 38.7 4.1 1.7 6.6 7.6

88.7 173.1 58.8 28.1 67.1 7.7 0.5 10.4 6.8

71.6 87.9 54.5 45.3 88.2 4.3 2.4 5.4 8.2

Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%)

.. 98.2 .. .. .. .. 32.6 35.8 ..

.. 104.9 .. .. .. .. .. .. ..

.. 74.5 93.3 35.0 11.4 .. .. .. ..

Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%)

22.1 55.1 ..

42.8 54.6 ..

21.0 52.7 ..

1.6 1.8 1.5 0.8 4.6

1.8 .. 1.0 0.8 12.3

1.4 .. 1.2 0.2 2.8

Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax) Efficiency—Financial Markets Stock market turnover ratio (%)

146.1

168.2 111.0

Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%)

55.4 1.0 11.1

22.2 2.8 11.3

19.4 9.4 13.3

Stability—Financial Markets Stock price volatility

29.9

23.7

26.4

Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy

82.7 0.04 0

76.7 0.07 1

93.5 0.09 1

Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

76.4 –5.3

76.9 –19.9

67.7 14.0

184

2015/2016  The Little Data Book on Financial Development


Sri Lanka South Asia Gross domestic product ($ billions)

Lower middle income 67.2

Population (millions)

20.5

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%)

26.6 33.6 ..

29.3 37.5 ..

28.4 40.0 ..

Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years)

11.4 2.8 .. .. 2.2 0.2 0.5 3.0 5.0

15.9 2.6 .. .. 2.6 0.1 .. 8.0 ..

28.8 5.2 .. .. 7.5 0.6 .. 4.0 ..

.. 8.7 .. .. .. .. .. .. ..

.. 13.9 .. .. .. .. .. .. ..

.. 18.6 68.5 28.1 17.7 40.4 43.6 40.6 35.0

Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%)

42.9 53.0 ..

54.9 53.8 ..

75.5 53.0 ..

Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax)

2.2 4.3 3.9 1.2 21.4

5.0 8.0 4.0 0.9 15.0

6.0 2.4 3.0 2.4 16.7

Efficiency—Financial Markets Stock market turnover ratio (%)

35.6

15.8

9.8

7.6 .. ..

11.5 .. ..

17.5 5.6 16.3

Stability—Financial Markets Stock price volatility

23.3

13.0

13.1

Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy

66.9 0.00 0

63.4 –0.21 0

81.5 0.00 0

Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

12.7 41.8

11.6 –13.0

14.1 10.5

Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%)

Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%)

The Little Data Book on Financial Development  2015/2016

185


St. Kitts and Nevis

High income

Gross domestic product ($ millions)

765.9 data

Population (thousands)

54.2 data

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%)

54.0 93.7 ..

Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years)

49.4 0.8 .. .. .. .. .. .. ..

70.9 0.5 .. .. .. .. .. .. ..

83.6 1.2 .. .. .. .. .. .. ..

Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%)

.. 66.3 .. .. .. .. .. .. ..

.. 66.9 .. .. .. 49.3 46.4 52.0 48.5

.. 54.6 .. .. .. .. .. .. ..

.. .. ..

.. .. ..

.. .. ..

2.7 7.7 1.9 1.8 13.6

3.0 4.2 1.7 5.0 30.8

1.4 5.0 1.5 1.9 9.5

1.9

1.2

0.9

13.9 .. ..

22.9 .. ..

20.6 .. ..

..

..

..

Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%) Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax) Efficiency—Financial Markets Stock market turnover ratio (%) Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%) Stability—Financial Markets Stock price volatility

55.4 63.5 110.6 104.7 .. ..

Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy

.. –0.04 0

.. .. 0.00 –0.03 0 0

Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

125.8 ..

215.2 242.6 .. ..

186

2015/2016  The Little Data Book on Financial Development


St. Lucia Latin America & Caribbean Gross domestic product ($ billions)

Upper middle income 1.3

Population (thousands)

182.3

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%) Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years)

70.4 80.5 ..

103.3 110.2 117.5 123.7 .. ..

.. .. .. .. .. 2.6 .. 7.0 ..

.. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. ..

.. 25.1 .. .. .. .. .. .. ..

.. 22.8 .. .. .. 24.5 52.2 49.1 15.9

.. 21.2 .. .. .. .. .. .. ..

.. .. ..

.. .. ..

.. .. ..

4.4 9.5 3.1 1.6 14.4

4.7 6.8 3.1 2.3 14.7

2.9 6.1 3.2 –0.1 –1.3

..

..

..

7.0 .. ..

9.9 .. ..

3.8 .. ..

Stability—Financial Markets Stock price volatility

..

..

..

Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy

.. .. 0

Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%) Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%) Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax) Efficiency—Financial Markets Stock market turnover ratio (%) Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%)

Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

..

The Little Data Book on Financial Development  2015/2016

100.0 100.0 –0.04 0.04 0 0 ..

..

187


St. Vincent & the Grenadines Latin America & Caribbean Gross domestic product ($ millions)

709.4 data

Upper middle income Population (thousands)

109.4 data

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%)

48.5 62.3 ..

49.0 65.7 ..

53.5 62.8 ..

Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years)

.. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. ..

Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%)

.. .. .. .. .. .. .. .. ..

.. 21.3 .. .. .. 56.5 55.8 52.7 58.7

.. 20.9 .. .. .. .. .. .. ..

Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%)

.. .. ..

.. .. ..

.. .. ..

.. 7.3 .. .. ..

4.7 6.7 3.6 2.2 21.1

.. 6.7 .. .. ..

Efficiency—Financial Markets Stock market turnover ratio (%)

..

..

..

Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%)

.. .. ..

.. 3.9 19.9

.. 8.3 17.9

Stability—Financial Markets Stock price volatility

..

..

..

Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy

.. .. 0

.. .. 0

.. .. 0

Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

.. ..

.. ..

.. ..

Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax)

188

2015/2016  The Little Data Book on Financial Development


Sudan Sub-Saharan Africa Gross domestic product ($ billions)

Lower middle income 66.6

Population (millions)

38.0

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%)

4.1 4.8 ..

10.0 12.4 ..

9.2 12.7 ..

Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years)

.. .. .. .. .. 0.2 .. 2.0 ..

.. .. .. .. .. 0.3 .. 7.0 ..

.. .. .. .. .. .. .. .. ..

Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%)

.. 2.5 .. .. .. .. .. .. ..

.. 2.3 .. .. .. .. .. .. ..

.. 3.1 6.9 3.4 1.8 .. .. .. ..

.. .. ..

.. .. ..

.. .. ..

0.7 .. 0.8 0.2 2.0

3.6 .. 3.4 1.7 15.9

2.1 .. 1.7 1.4 9.8

..

..

..

11.0 .. ..

21.5 .. ..

20.0 .. ..

..

..

..

72.1 –0.18 0

68.0 –0.26 0

94.4 –0.28 0

.. ..

.. ..

.. ..

Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%) Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax) Efficiency—Financial Markets Stock market turnover ratio (%) Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%) Stability—Financial Markets Stock price volatility Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

The Little Data Book on Financial Development  2015/2016

189


Suriname Latin America & Caribbean Gross domestic product ($ billions)

data 5.3

Upper middle income Population (thousands)

539.3 data

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%) Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years) Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%) Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%) Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax) Efficiency—Financial Markets Stock market turnover ratio (%) Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%) Stability—Financial Markets Stock price volatility Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

190

14.8 18.0 ..

20.3 21.9 ..

24.8 27.4 ..

.. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. ..

.. 10.4 .. .. .. .. .. .. ..

.. 10.4 .. .. .. 44.3 37.0 57.6 44.7

.. 12.4 .. .. .. .. .. .. ..

.. .. ..

.. .. ..

.. .. ..

5.8 12.8 5.9 0.8 18.6

7.5 5.9 3.9 1.8 26.0

2.5 4.9 1.9 1.4 22.6

..

..

..

9.3 .. ..

15.4 .. ..

35.4 .. ..

..

..

..

.. –0.03 0

97.3 100.0 –0.04 –0.05 0 0

.. ..

2015/2016  The Little Data Book on Financial Development

.. ..

.. ..


Swaziland Sub-Saharan Africa Gross domestic product ($ billions)

Lower middle income 3.8

Population (millions)

1.2

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%)

13.4 16.2 ..

21.8 23.4 ..

23.2 27.9 ..

Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years)

10.2 0.0 .. .. .. .. .. .. ..

6.5 0.0 .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. ..

Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%)

343 5.9 .. .. .. .. .. .. ..

426 5.8 .. .. .. 21.9 7.7 16.0 21.3

488 6.2 28.6 17.8 11.5 .. .. .. ..

.. .. ..

.. .. ..

.. .. ..

6.9 7.0 8.2 4.4 23.4

6.8 6.7 6.6 2.6 15.7

4.4 6.4 4.3 2.7 15.5

0.0

0.0

..

18.6 2.0 14.0

14.5 7.6 33.8

14.1 6.8 22.2

..

..

..

Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%) Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax) Efficiency—Financial Markets Stock market turnover ratio (%) Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%) Stability—Financial Markets Stock price volatility Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

100.0 –0.42 0 4.6 ..

The Little Data Book on Financial Development  2015/2016

100.0 100.0 –0.39 –0.27 0 0 6.1 ..

4.1 ..

191


Sweden

High income

Gross domestic product ($ billions)

579.7 data

Population (millions)

data 9.6

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%)

93.1 99.9 ..

117.5 125.3 ..

.. .. ..

Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years)

76.7 79.9 6.3 44.1 42.0 5.4 1.2 4.2 7.6

86.7 160.8 12.4 26.3 54.1 3.5 1.6 3.8 4.2

92.8 79.0 52.4 24.8 87.7 4.3 3.2 4.5 5.5

Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%)

.. 23.6 .. .. .. .. .. .. ..

.. 24.0 .. .. .. .. .. .. ..

.. 21.7 99.0 63.6 23.4 .. .. .. ..

Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%)

.. .. 4.1

.. .. 7.4

.. .. 2.4

Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax)

4.3 3.3 3.1 1.1 8.7

3.8 .. 4.6 1.2 8.5

2.8 .. 2.5 1.3 9.9

103.9

144.1

74.5

Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%)

34.3 1.9 10.0

31.5 0.5 10.2

34.9 0.6 12.0

Stability—Financial Markets Stock price volatility

32.4

25.5

18.4

Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy

49.4 –0.02 0

46.2 –0.01 1

39.0 –0.02 1

Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

29.2 –13.3

37.0 –28.6

34.9 16.0

Efficiency—Financial Markets Stock market turnover ratio (%)

192

2015/2016  The Little Data Book on Financial Development


Switzerland

High income

Gross domestic product ($ billions)

685.4

Population (millions)

8.1

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%)

142.4 155.2 ..

151.9 166.8 163.2 176.1 .. ..

Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years)

194.3 190.0 20.3 24.7 39.9 4.6 3.0 3.4 8.4

207.8 147.6 317.3 114.3 15.2 14.4 18.2 16.7 68.7 55.0 7.3 9.2 2.0 3.5 2.6 2.8 5.6 7.7

Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%)

.. 57.4 .. .. .. .. .. .. ..

.. 53.9 .. .. .. .. .. .. ..

.. 48.0 .. .. .. .. .. .. ..

Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%)

20.2 28.8 8.9

32.5 34.1 9.0

28.6 29.2 8.1

1.9 3.1 2.3 0.9 9.4

1.7 3.2 2.2 0.9 9.7

1.4 2.7 1.5 0.5 6.2

Efficiency—Financial Markets Stock market turnover ratio (%)

84.2

131.3

65.2

Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%)

45.8 1.3 12.4

47.1 0.9 15.0

42.0 0.8 17.5

Stability—Financial Markets Stock price volatility

29.6

21.4

13.4

Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy

38.5 –0.08 0

39.2 –0.07 1

49.3 –0.06 1

Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

39.4 –15.5

33.1 –22.9

29.8 24.2

Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax)

The Little Data Book on Financial Development  2015/2016

193


Syrian Arab Republic Middle East & North Africa Gross domestic product ($ billions)

data..

Lower middle income Population (millions)

22.8 data

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%) Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years) Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%) Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%) Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax) Efficiency—Financial Markets Stock market turnover ratio (%) Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%) Stability—Financial Markets Stock price volatility Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

194

8.8 36.9 ..

14.9 36.5 ..

.. .. ..

.. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. 1.4 ..

.. .. .. .. .. .. .. .. ..

.. 2.5 .. .. .. .. .. .. ..

193 3.1 .. .. .. 37.4 20.7 16.0 27.1

186 3.9 23.3 5.1 13.1 .. .. .. ..

.. .. ..

.. .. ..

.. .. ..

1.7 0.5 0.8 –0.3 –2.7

3.9 2.1 1.2 1.9 28.9

1.5 .. 1.5 1.4 11.1

..

..

..

14.0 .. ..

11.2 .. ..

17.6 .. ..

..

..

..

99.5 –0.20 0

81.1 –0.16 0

65.9 –0.02 0

.. ..

.. ..

.. ..

2015/2016  The Little Data Book on Financial Development


Tajikistan Europe & Central Asia Gross domestic product ($ billions)

Low income 8.5

Population (millions)

8.2

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%) Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years) Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%) Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%) Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax) Efficiency—Financial Markets Stock market turnover ratio (%) Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%) Stability—Financial Markets Stock price volatility Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

10.9 11.0 ..

18.0 19.0 ..

14.0 16.1 ..

.. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. ..

173 5.0 .. .. .. .. 0.0 3.7 ..

236 5.3 .. .. .. 33.6 21.4 .. 26.7

719 6.7 2.5 0.3 4.8 14.6 13.4 19.4 15.5

.. .. ..

.. .. ..

.. .. ..

16.0 6.9 17.1 3.8 14.9

6.7 14.2 7.2 0.9 6.2

9.1 17.8 4.4 1.9 9.9

..

..

..

17.3 .. ..

9.3 5.4 29.2

10.9 16.0 22.1

..

..

..

100.0 –0.28 0

100.0 –0.11 0

97.1 –0.07 0

.. ..

.. ..

.. ..

The Little Data Book on Financial Development  2015/2016

195


Tanzania Sub-Saharan Africa Gross domestic product ($ billions)

Low income 43.6 data

Population (millions)

49.3 data

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%)

6.3 11.3 ..

14.0 21.2 ..

16.1 23.9 ..

Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years)

5.6 0.2 .. .. .. 0.6 .. 7.0 ..

3.7 0.1 .. .. .. 4.1 .. 7.6 ..

4.3 0.1 .. .. .. 0.8 .. 5.9 ..

Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%)

.. 1.2 .. .. .. .. .. .. ..

.. 1.7 .. .. .. 16.3 6.8 17.3 11.3

.. 2.6 17.3 11.9 6.6 16.6 18.5 14.7 13.3

.. .. ..

.. .. ..

.. .. ..

6.4 11.5 4.7 3.2 44.2

6.7 6.7 5.5 2.5 24.5

5.7 6.0 5.6 0.6 5.4

3.0

2.2

1.6

10.6 .. ..

11.1 7.8 18.2

12.1 5.1 18.1

..

5.3

8.1

100.0 –0.08 0

61.5 –0.09 0

42.6 –0.07 0

0.2 ..

0.3 7.4

0.4 16.5

Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%) Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax) Efficiency—Financial Markets Stock market turnover ratio (%) Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%) Stability—Financial Markets Stock price volatility Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

196

2015/2016  The Little Data Book on Financial Development


Thailand East Asia & Pacific Gross domestic product ($ billions)

Upper middle income 387.3

Population (millions)

67.0

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%) Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years) Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%)

97.6 114.4 .. 59.3 51.2 11.2 21.5 7.0 1.5 1.7 8.2 5.7 .. 7.8 .. .. .. .. .. .. ..

93.1 115.9 104.2 129.3 57.5 82.0 58.1 43.4 41.1 21.4 3.5 1.2 2.1 9.5 5.8

88.5 62.9 47.0 25.3 4.5 2.9 3.8 4.9 6.6

1,036 1,173 10.4 12.2 .. 72.7 .. 42.8 .. 19.4 72.5 .. 74.4 .. 71.9 .. 55.1 ..

Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%)

78.4 56.7 29.7

50.4 50.7 17.8

68.0 59.4 17.9

Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax)

2.2 4.6 1.3 1.3 18.7

2.3 4.6 0.8 0.7 7.7

0.8 4.1 0.5 0.3 1.4

114.2

73.8

70.8

Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%)

3.8 13.5 13.4

4.7 5.7 13.9

5.2 2.3 15.6

Stability—Financial Markets Stock price volatility

20.3

24.8

16.8

99.8 –0.07 0

95.9 –0.06 0

97.4 –0.05 0

6.5 32.4

7.9 –10.7

7.5 20.9

Efficiency—Financial Markets Stock market turnover ratio (%)

Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

The Little Data Book on Financial Development  2015/2016

197


Timor-Leste East Asia & Pacific Gross domestic product ($ billions)

Lower middle income data 1.3

Population (millions)

data 1.2

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%)

.. .. ..

.. .. ..

11.1 11.1 ..

Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years)

.. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. ..

67 1.2 .. .. .. .. .. .. ..

120 2.0 .. .. .. 6.9 1.6 2.6 5.2

398 5.1 .. .. .. .. .. .. ..

.. .. ..

.. .. ..

.. .. ..

.. 15.9 .. .. ..

.. 12.3 .. .. ..

.. 11.5 .. .. ..

Efficiency—Financial Markets Stock market turnover ratio (%)

..

..

..

Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%)

.. .. ..

.. .. ..

.. .. ..

Stability—Financial Markets Stock price volatility

..

..

..

Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy

.. .. 0

.. .. 0

.. .. 0

Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

.. ..

.. ..

.. ..

Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%) Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%) Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax)

198

2015/2016  The Little Data Book on Financial Development


Togo Sub-Saharan Africa Gross domestic product ($ billions)

Low income 4.3

Population (millions)

6.8

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%) Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years) Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%) Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%) Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax) Efficiency—Financial Markets Stock market turnover ratio (%) Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%) Stability—Financial Markets Stock price volatility Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

15.3 15.9 ..

17.8 24.3 ..

30.6 38.7 ..

.. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. ..

83 1.2 .. .. .. .. .. .. ..

215 3.9 .. .. .. 21.6 16.9 16.9 22.2

174 4.7 10.2 3.6 3.8 .. .. .. ..

.. .. ..

.. .. ..

.. .. ..

6.5 .. 7.2 –0.2 25.2

4.0 .. 5.6 2.4 25.0

3.2 .. 5.6 0.7 24.5

..

..

..

0.9 .. ..

5.5 .. ..

2.9 .. ..

..

..

..

100.0 –0.09 0 .. ..

The Little Data Book on Financial Development  2015/2016

100.0 100.0 –0.13 –0.09 0 0 .. ..

.. ..

199


Tonga East Asia & Pacific Gross domestic product ($ millions)

Lower middle income 466.3 data

Population (thousands)

105.3 data

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%)

41.6 46.2 ..

52.2 55.1 ..

28.8 34.2 ..

.. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. ..

.. 24.2 .. .. .. .. .. .. ..

.. 23.4 .. .. .. 54.3 33.9 3.0 52.9

.. 21.3 .. .. .. .. .. .. ..

.. .. ..

.. .. ..

.. .. ..

6.1 5.9 5.1 5.0 35.3

5.8 5.9 4.8 –3.4 –27.4

.. 6.9 .. .. ..

..

..

..

6.4 .. ..

3.2 .. ..

.. .. ..

Stability—Financial Markets Stock price volatility

..

..

..

Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy

.. .. 0

.. .. 0

.. .. 0

Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

.. ..

.. ..

.. ..

Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years) Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%) Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%) Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax) Efficiency—Financial Markets Stock market turnover ratio (%) Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%)

200

2015/2016  The Little Data Book on Financial Development


Trinidad and Tobago

High income

Gross domestic product ($ billions)

24.6

Population (millions)

1.3

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%)

25.3 32.0 10.7

24.1 28.4 3.3

30.8 46.9 2.6

Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years)

75.9 2.5 .. .. 8.4 3.5 .. 6.0 ..

50.5 1.3 .. .. 7.6 0.7 4.4 6.4 10.0

65.2 0.6 .. .. 11.9 .. .. .. ..

Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%)

.. 12.6 .. .. .. .. .. .. ..

.. 12.8 .. .. .. 53.7 36.7 63.8 46.8

.. 12.6 75.9 44.4 8.4 .. .. .. ..

.. .. ..

.. .. ..

.. .. ..

5.5 8.3 4.8 2.5 25.5

5.2 5.1 4.2 1.1 7.9

4.8 6.0 5.5 –0.3 –4.3

4.7

2.5

0.8

12.1 .. ..

19.4 .. ..

5.7 .. ..

..

..

..

99.1 –0.04 0

100.0 –0.03 0

99.1 0.00 0

27.3 ..

28.1 ..

27.7 ..

Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%) Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax) Efficiency—Financial Markets Stock market turnover ratio (%) Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%) Stability—Financial Markets Stock price volatility Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

The Little Data Book on Financial Development  2015/2016

201


Tunisia Middle East & North Africa Gross domestic product ($ billions)

47.0 data

Upper middle income Population (millions)

10.9 data

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%)

59.3 64.4 6.5

53.5 58.3 2.5

69.3 74.1 3.6

Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years)

8.7 0.7 .. .. 12.4 0.0 .. 6.5 ..

13.3 2.4 .. .. 17.5 1.3 .. 16.2 ..

19.4 2.5 .. .. 6.4 0.3 .. 5.0 ..

Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%)

.. 12.0 .. .. .. .. .. .. ..

643 14.5 .. .. .. .. .. .. ..

821 18.3 32.2 5.0 3.2 .. .. .. ..

.. .. ..

.. .. ..

.. .. ..

1.4 .. 1.8 –0.1 –0.7

2.2 .. 2.0 0.8 7.3

0.6 .. 0.6 0.1 1.2

6.9

25.0

14.3

8.1 24.2 9.3

5.7 .. ..

4.0 .. ..

8.2

9.3

7.6

Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%) Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax) Efficiency—Financial Markets Stock market turnover ratio (%) Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%) Stability—Financial Markets Stock price volatility Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

202

100.0 –0.01 0 4.7 –3.4

70.6 100.0 –0.01 –0.02 0 0 4.7 16.5

2015/2016  The Little Data Book on Financial Development

5.5 –7.1


Turkey Europe & Central Asia Gross domestic product ($ billions)

Upper middle income 822.1

Population (millions)

74.9

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%)

13.1 36.2 1.1

29.6 49.7 5.6

57.7 74.8 8.0

Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years)

16.9 28.6 .. 38.8 8.5 0.2 0.1 4.1 5.0

28.6 37.8 0.1 27.7 7.0 1.2 0.0 8.3 5.0

31.3 46.6 1.9 24.1 9.7 2.1 0.4 9.2 7.3

Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%)

1,420 14.2 .. .. .. .. 14.8 18.8 ..

1,305 1,009 17.1 20.1 .. 57.6 .. 4.2 .. 4.6 56.8 40.2 51.9 78.4 .. 42.4 50.5 39.2

Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%)

43.3 44.6 ..

38.1 44.0 0.0

44.9 49.3 0.9

Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax)

8.5 .. 19.7 4.9 20.5

13.7 .. 9.0 2.9 13.1

4.2 .. 3.5 0.2 1.4

Efficiency—Financial Markets Stock market turnover ratio (%)

194.4

114.7 141.3

Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%)

8.6 11.5 30.9

6.7 3.4 18.0

3.3 2.6 15.3

Stability—Financial Markets Stock price volatility

45.0

32.7

22.3

100.0 –0.18 0

93.1 –0.12 0

91.3 0.00 0

4.3 11.7

4.5 –21.7

5.5 22.6

Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

The Little Data Book on Financial Development  2015/2016

203


Turkmenistan Europe & Central Asia Gross domestic product ($ billions)

Upper middle income 41.9 data

Population (millions)

data 5.2

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%)

.. .. ..

.. .. ..

.. .. ..

Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years)

.. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. ..

Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%)

.. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. ..

.. .. 0.4 0.1 0.8 .. .. .. ..

Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%)

.. .. ..

.. .. ..

.. .. ..

0.7 .. 0.5 0.7 24.0

1.1 .. 0.7 7.4 83.0

2.2 .. 0.5 0.9 23.4

..

..

..

2.2 .. ..

8.9 0.1 16.5

2.5 0.0 45.3

Stability—Financial Markets Stock price volatility

..

..

..

Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy

.. .. 0

.. .. 0

.. .. 0

Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

.. ..

.. ..

.. ..

Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax) Efficiency—Financial Markets Stock market turnover ratio (%) Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%)

204

2015/2016  The Little Data Book on Financial Development


Tuvalu East Asia & Pacific Gross domestic product ($ millions)

Upper middle income 38.3

Population (thousands)

9.9

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%)

.. .. ..

.. .. ..

.. .. ..

Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years)

.. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. ..

Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%)

.. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. ..

Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%)

.. .. ..

.. .. ..

.. .. ..

8.5 .. 4.9 2.4 16.9

6.8 .. 4.5 2.9 15.4

.. .. .. .. ..

..

..

..

16.9 .. ..

19.7 .. ..

.. .. ..

Stability—Financial Markets Stock price volatility

..

..

..

Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy

.. .. 0

.. .. 0

.. .. 0

Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

.. ..

.. ..

.. ..

Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax) Efficiency—Financial Markets Stock market turnover ratio (%) Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%)

The Little Data Book on Financial Development  2015/2016

205


Uganda Sub-Saharan Africa Gross domestic product ($ billions)

Low income data 24.7

Population (millions)

37.6 data

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%)

7.6 14.8 ..

11.2 17.4 ..

15.0 21.2 ..

Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years)

0.7 0.0 .. .. .. .. .. .. ..

18.8 0.2 .. .. .. 2.4 .. 2.9 ..

32.1 0.1 .. .. .. 0.6 .. 7.5 ..

Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%)

87 1.1 .. .. .. .. .. .. ..

149 2.0 .. .. .. 17.2 7.7 14.0 15.4

187 2.9 20.5 16.3 8.9 9.8 8.2 21.7 9.3

.. .. ..

.. .. ..

.. .. ..

12.3 9.1 6.5 3.3 41.5

9.1 9.8 7.6 3.4 27.5

10.6 11.4 7.1 2.9 17.7

2.4

0.3

0.1

11.3 7.2 16.9

17.4 2.2 20.7

19.0 5.6 22.9

..

..

..

75.1 –0.07 0

61.3 –0.10 0

57.7 –0.07 0

0.1 ..

0.2 ..

0.3 ..

Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%) Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax) Efficiency—Financial Markets Stock market turnover ratio (%) Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%) Stability—Financial Markets Stock price volatility Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

206

2015/2016  The Little Data Book on Financial Development


Ukraine Europe & Central Asia Gross domestic product ($ billions)

Lower middle income 177.4

Population (millions)

45.5

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%) Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years) Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%) Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%) Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax) Efficiency—Financial Markets Stock market turnover ratio (%) Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%) Stability—Financial Markets Stock price volatility Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

19.6 22.3 ..

59.6 63.6 32.8

55.4 66.3 30.2

7.4 0.2 .. .. 5.5 0.1 0.9 3.0 3.2

40.2 1.3 .. .. 6.6 1.1 0.6 4.5 3.8

13.1 1.6 .. .. 15.5 1.4 1.6 2.9 5.5

2,707 3.7 .. .. .. .. 8.4 14.9 ..

3,097 1,901 3.7 0.9 .. 41.3 .. 5.4 .. 8.1 31.8 18.4 32.1 30.4 .. 14.8 26.3 14.7

.. .. ..

.. .. ..

.. .. ..

7.2 10.9 5.2 2.6 16.7

5.5 7.5 1.9 1.3 9.9

4.7 5.9 4.6 –0.6 –3.7

2.9

3.5

5.2

14.4 28.3 15.2

12.9 3.9 14.0

11.8 12.9 18.3

..

52.9

33.5

65.9 –0.07 0

90.7 –0.04 1

22.2 –0.09 1

3.1 ..

5.4 –37.6

4.3 –21.8

The Little Data Book on Financial Development  2015/2016

207


United Arab Emirates

High income

Gross domestic product ($ billions)

402.3 data

Population (millions)

data 9.3

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%)

.. .. ..

58.5 70.0 ..

60.3 79.5 ..

Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years)

.. .. .. .. .. 2.1 1.1 13.6 8.6

32.2 49.2 .. .. 20.5 8.4 2.0 4.8 4.9

18.4 4.4 .. .. 28.1 3.2 1.7 8.7 10.8

Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%)

.. 17.3 .. .. .. .. .. .. ..

.. 12.9 .. .. .. .. .. .. ..

.. 12.4 59.7 19.2 10.8 .. .. .. ..

.. .. ..

.. .. ..

12.1 29.9 ..

2.7 4.4 1.4 2.2 14.4

2.6 .. 1.3 1.7 16.5

3.1 .. 1.3 1.7 12.6

..

142.6

25.7

Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%)

23.8 14.3 18.6

16.6 2.3 13.0

21.6 7.3 19.3

Stability—Financial Markets Stock price volatility

11.6

20.1

10.0

50.7 –0.03 0

50.6 –0.03 0

63.5 –0.03 0

8.9 16.1

14.1 24.5

11.1 37.8

Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%) Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax) Efficiency—Financial Markets Stock market turnover ratio (%)

Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

208

2015/2016  The Little Data Book on Financial Development


United Kingdom

High income

Gross domestic product ($ billions) 2,678.5

Population (millions)

64.1

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%)

130.0 130.0 ..

187.2 158.0 187.2 158.0 .. ..

Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years)

115.2 110.1 17.0 27.6 46.1 8.1 3.5 4.5 11.4

97.7 112.1 288.6 103.4 15.6 12.3 31.7 58.6 85.8 105.0 7.2 5.6 3.2 4.2 5.8 5.8 9.7 12.9

Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%)

.. 29.1 .. .. .. .. .. .. ..

.. 26.2 .. .. .. .. .. .. ..

.. 22.2 97.2 43.8 11.8 .. .. .. ..

Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%)

64.5 57.3 ..

72.2 53.7 ..

69.1 69.0 ..

1.8 .. 2.9 1.0 8.3

1.5 .. 1.4 0.6 7.2

1.5 .. 1.9 0.8 8.7

Efficiency—Financial Markets Stock market turnover ratio (%)

98.8

237.8

84.9

Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%)

36.5 2.5 13.0

23.3 1.6 12.9

23.5 3.7 16.4

Stability—Financial Markets Stock price volatility

24.9

22.2

14.1

Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy

40.8 –0.04 0

46.3 –0.03 1

45.0 –0.02 1

Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

38.7 –10.9

41.8 –17.6

34.2 14.8

Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax)

The Little Data Book on Financial Development  2015/2016

209


United States

High income

Gross domestic product ($ billions) 16,768.1 data

Population (millions)

316.1 data

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%)

49.9 55.7 256.6

60.7 48.7 68.2 58.1 300.7 296.7

Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years)

110.9 179.5 103.0 43.5 17.4 6.8 3.4 3.2 11.7

110.3 107.0 371.1 162.9 120.0 91.9 57.6 82.6 24.0 17.8 6.6 11.9 2.6 4.6 3.7 4.7 10.2 11.1

Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%)

.. 32.5 .. .. .. .. .. .. ..

.. 35.0 .. .. .. .. .. .. ..

.. 33.9 88.0 50.4 20.1 .. .. .. ..

Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%)

79.7 70.8 ..

79.4 72.1 ..

54.7 75.5 ..

Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax)

3.7 .. 3.3 1.4 14.9

3.1 .. 2.8 0.1 1.4

3.4 .. 2.8 1.1 9.4

Efficiency—Financial Markets Stock market turnover ratio (%)

121.8

394.3 123.6

Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%)

25.4 1.1 13.0

22.5 3.0 12.8

29.1 2.5 14.4

Stability—Financial Markets Stock price volatility

24.7

21.4

13.9

23.4 –0.06 0

35.5 –0.06 1

34.9 –0.05 1

18.3 –2.9

18.4 –17.4

13.1 19.2

Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

210

2015/2016  The Little Data Book on Financial Development


Uruguay Latin America & Caribbean Gross domestic product ($ billions)

55.7

Upper middle income Population (millions)

3.4

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%)

52.7 63.8 0.0

24.0 28.3 0.0

24.4 28.0 0.0

Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years)

0.5 0.0 .. .. 31.7 0.2 .. 3.5 ..

0.6 0.0 .. .. 32.0 2.0 .. 10.0 ..

0.3 0.0 .. .. 19.5 0.2 0.2 15.0 6.1

Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%)

339 12.8 .. .. .. .. .. .. ..

501 13.6 .. .. .. 48.6 13.7 26.4 41.9

746 12.7 23.5 5.7 14.8 .. .. .. ..

.. .. ..

.. .. ..

.. .. ..

5.6 29.3 9.6 –1.7 –28.6

6.2 9.2 4.0 1.5 15.9

3.7 7.8 3.4 1.0 9.8

0.8

4.5

0.8

0.9 14.3 18.1

2.5 0.5 15.8

2.7 1.3 15.6

..

..

..

57.5 –0.04 1

64.5 –0.04 0

59.0 –0.05 0

3.6 ..

2.4 ..

1.8 ..

Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%) Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax) Efficiency—Financial Markets Stock market turnover ratio (%) Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%) Stability—Financial Markets Stock price volatility Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

The Little Data Book on Financial Development  2015/2016

211


Uzbekistan Europe & Central Asia Gross domestic product ($ billions)

Lower middle income data 56.8

Population (millions)

30.2 data

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%) Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years) Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%) Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%) Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax) Efficiency—Financial Markets Stock market turnover ratio (%) Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%) Stability—Financial Markets Stock price volatility Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

212

.. .. ..

.. .. ..

.. .. ..

.. .. .. .. .. 0.3 0.1 3.0 2.1

.. .. .. .. .. 12.5 .. .. ..

.. .. .. .. .. 5.8 .. 14.5 ..

521 39.5 .. .. .. .. 0.0 2.0 ..

891 46.0 .. .. .. 10.5 8.2 .. 9.5

915 39.8 22.5 0.8 1.5 26.4 16.2 13.0 26.4

.. .. ..

.. .. ..

.. .. ..

10.5 .. 11.1 3.9 24.1

4.5 .. 6.2 1.9 12.5

2.8 .. 3.6 1.0 10.5

..

..

..

9.1 .. ..

9.0 3.0 23.2

5.3 0.4 24.3

..

..

..

87.0 –0.34 0

100.0 –0.26 0

99.5 –0.25 0

18.7 ..

4.2 ..

4.5 ..

2015/2016  The Little Data Book on Financial Development


Vanuatu East Asia & Pacific Gross domestic product ($ millions)

Lower middle income 828.2

Population (thousands)

252.8

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%) Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years) Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%) Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%) Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax) Efficiency—Financial Markets Stock market turnover ratio (%) Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%) Stability—Financial Markets Stock price volatility Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

36.5 39.2 ..

45.5 46.4 ..

68.1 70.1 ..

.. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. ..

.. 19.6 .. .. .. .. .. .. ..

.. 20.3 .. .. .. 45.8 41.4 33.2 45.2

.. 22.6 .. .. .. .. .. .. ..

.. .. ..

.. .. ..

.. .. ..

5.6 4.7 8.1 1.6 25.5

4.2 4.0 3.6 3.4 28.2

2.8 3.8 3.1 0.0 0.2

..

..

..

5.2 .. ..

11.3 .. ..

7.8 .. ..

..

..

..

.. 0.00 0

.. –0.03 0

.. 0.00 0

.. ..

.. ..

.. ..

The Little Data Book on Financial Development  2015/2016

213


Venezuela, RB Latin America & Caribbean Gross domestic product ($ billions)

438.3 data

Upper middle income Population (millions)

30.4 data

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%)

8.4 12.1 0.4

19.0 21.8 0.7

20.1 30.0 ..

Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years)

4.1 0.1 .. .. 20.4 0.9 0.7 8.1 8.0

1.5 0.0 .. .. 10.2 0.4 1.3 1.0 4.5

3.7 0.0 .. .. 11.4 0.2 1.0 2.7 13.0

Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%)

370 15.4 .. .. .. .. .. .. ..

726 1,236 18.2 16.8 .. 44.1 .. 13.6 .. 1.7 35.4 .. 35.3 .. 27.1 .. 25.6 ..

Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%)

.. .. ..

.. .. ..

.. .. ..

16.4 8.0 8.7 4.9 32.4

7.1 6.2 4.8 1.6 12.7

8.4 1.4 4.4 2.8 32.9

4.3

0.9

0.3

Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%)

14.2 7.7 25.1

9.8 1.9 13.4

7.5 0.7 15.6

Stability—Financial Markets Stock price volatility

27.1

26.6

29.6

46.1 –0.15 0

44.0 –0.09 0

55.0 –0.08 0

Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax) Efficiency—Financial Markets Stock market turnover ratio (%)

Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

214

2.1 98.2

2.1 1.4 –12.7 386.4

2015/2016  The Little Data Book on Financial Development


Vietnam East Asia & Pacific Gross domestic product ($ billions)

Lower middle income 171.4

Population (millions)

89.7

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%)

43.2 47.4 ..

78.3 91.6 86.7 103.4 .. ..

Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years)

0.4 0.1 .. .. 2.6 1.3 .. 10.8 ..

15.9 10.4 .. .. 2.0 2.5 0.2 10.5 6.1

16.2 2.9 .. .. 1.8 4.6 0.1 14.3 4.5

Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%)

.. .. .. .. .. .. .. .. ..

.. 3.3 .. .. .. 49.9 21.5 47.0 36.5

.. 3.7 21.4 7.7 16.2 .. .. .. ..

Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%)

.. .. ..

.. .. ..

.. .. ..

Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax)

2.8 2.9 1.6 1.3 11.5

3.0 3.1 1.5 1.6 15.2

2.8 3.2 1.9 0.6 5.6

Efficiency—Financial Markets Stock market turnover ratio (%)

31.1

41.3

13.3

Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%)

30.2 .. ..

33.7 2.2 13.9

27.9 3.4 11.8

Stability—Financial Markets Stock price volatility

13.6

30.7

19.8

Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy

69.1 –0.07 0

57.7 –0.10 0

45.4 –0.07 0

Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

0.3 –20.9

2.0 –50.9

3.5 18.7

The Little Data Book on Financial Development  2015/2016

215


West Bank and Gaza Middle East & North Africa Gross domestic product ($ billions)

11.3 data

Lower middle income Population (millions)

data 4.2

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%)

6.0 7.4 ..

.. .. ..

.. .. ..

19.9 1.7 .. .. .. .. .. .. ..

.. .. .. .. .. 1.3 .. 7.0 ..

.. .. .. .. .. 1.2 .. 7.0 ..

.. 8.8 .. .. .. .. .. .. ..

575 10.4 .. .. .. 18.0 4.2 14.2 11.2

597 10.6 19.4 5.5 4.1 6.0 9.9 11.3 4.0

.. .. ..

.. .. ..

.. .. ..

6.4 .. 3.8 0.8 10.7

5.2 .. 3.0 2.2 20.0

4.7 .. 2.7 1.7 15.3

9.5

..

..

Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%)

10.7 .. ..

16.8 .. ..

16.8 .. ..

Stability—Financial Markets Stock price volatility

27.7

27.4

7.8

.. –0.03 0

100.0 0.00 0

.. –0.01 0

8.6 5.3

10.3 17.8

11.6 2.0

Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years) Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%) Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%) Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax) Efficiency—Financial Markets Stock market turnover ratio (%)

Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

216

2015/2016  The Little Data Book on Financial Development


Yemen, Rep. Middle East & North Africa Gross domestic product ($ billions)

36.0

Lower middle income Population (millions)

24.4

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%)

4.9 8.6 ..

6.6 11.6 ..

5.4 19.5 ..

Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years)

.. .. .. .. .. 0.1 .. 5.0 ..

.. .. .. .. .. 9.2 .. 14.6 ..

.. .. .. .. .. 1.3 .. .. ..

Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%)

55 1.8 .. .. .. .. .. .. ..

86 2.0 .. .. .. 8.1 4.2 6.0 5.7

120 1.8 3.7 1.1 0.9 .. .. .. ..

.. .. ..

.. .. ..

.. .. ..

3.9 5.0 2.5 1.0 11.7

3.8 5.0 1.5 1.5 14.6

4.3 6.8 3.3 0.7 5.5

..

..

..

15.5 .. ..

22.0 18.0 14.6

21.7 21.7 26.4

..

..

..

100.0 –0.01 0

87.0 –0.02 0

.. 0.01 0

.. ..

.. ..

.. ..

Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%) Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax) Efficiency—Financial Markets Stock market turnover ratio (%) Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%) Stability—Financial Markets Stock price volatility Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

The Little Data Book on Financial Development  2015/2016

217


Zambia Sub-Saharan Africa Gross domestic product ($ billions)

Lower middle income 26.8 data

Population (millions)

14.5 data

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%)

5.8 13.7 ..

13.5 19.3 ..

.. .. 11.2

Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years)

9.4 0.1 .. .. .. 1.5 .. 0.9 ..

12.0 0.5 .. .. .. 0.3 .. 1.3 ..

13.8 0.6 .. .. .. 10.4 .. 5.1 ..

Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%)

13 3.1 .. .. .. .. .. .. ..

28 3.7 .. .. .. 16.0 10.2 15.0 6.3

.. 4.9 21.4 11.8 6.1 8.8 12.2 9.9 5.2

.. .. ..

.. .. ..

.. .. ..

6.0 18.6 10.2 –0.2 –1.4

9.9 12.5 7.6 2.2 19.1

8.7 3.0 7.0 2.8 19.4

Efficiency—Financial Markets Stock market turnover ratio (%)

2.4

4.2

5.7

Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%)

9.4 .. ..

11.5 14.8 22.1

15.3 7.0 26.8

..

..

..

73.8 –0.14 0

71.1 –0.08 0

61.0 –0.09 0

1.1 ..

1.5 ..

1.4 ..

Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%) Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax)

Stability—Financial Markets Stock price volatility Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

218

2015/2016  The Little Data Book on Financial Development


Zimbabwe Sub-Saharan Africa Gross domestic product ($ billions)

Low income 13.5

Population (millions)

14.1

2003 2008 2013

Depth—Financial Institutions Private credit by deposit money banks to GDP (%) Deposit money banks’ assets to GDP (%) Nonbank financial institutions’ assets to GDP (%)

20.8 31.2 6.7

.. .. ..

.. .. ..

996.9 163.3 .. .. .. .. .. .. ..

548.6 50.3 .. .. .. .. .. .. ..

.. .. .. .. .. .. .. .. ..

492 2.7 .. .. .. .. .. .. ..

212 3.3 .. .. .. .. .. .. ..

116 5.1 39.7 17.3 4.9 12.5 13.1 12.8 4.2

.. .. ..

.. .. ..

.. .. ..

Efficiency—Financial Institutions Bank net interest margin (%) Bank lending-deposit spread Bank overhead costs to total assets (%) Bank return on assets (%, after tax) Bank return on equity (%, after tax)

0.0 .. 0.0 0.0 0.0

10.6 .. 12.6 2.4 19.7

8.6 .. 8.8 0.8 5.3

Efficiency—Financial Markets Stock market turnover ratio (%)

2.4

0.0

..

Stability—Financial Institutions Bank Z-score Bank nonperforming loans to gross loans (%) Bank regulatory capital to risk-weighted assets (%)

1.5 .. ..

2.3 .. ..

2.5 .. ..

..

..

..

100.0 0.00 0

65.6 –0.26 0

66.8 –0.21 0

6.4 ..

6.1 ..

5.5 ..

Depth—Financial Markets Stock market capitalization to GDP (%) Stock market total value traded to GDP (%) Outstanding domestic private debt securities to GDP (%) Outstanding domestic public debt securities to GDP (%) Outstanding international debt securities to GDP (%) Syndicated loan issuance volume to GDP (%) Corporate bond issuance volume to GDP (%) Syndicated loan average maturity (years) Corporate bond average maturity (years) Access—Financial Institutions Bank accounts per 1,000 adults (age 15+) Bank branches per 100,000 adults (age 15+) Account at a formal financial institution (%, age 15+) Saved at a financial institution in the past year (%, age 15+) Loan from a financial institution in the past year (%, age 15+) Firms with bank loan/line of credit (%) Firms using banks to finance investments (%) Firms using banks to finance working capital (%) Small firms with bank loan/line of credit (%) Access—Financial Markets Value traded excluding top 10 traded companies to tot. val. traded (%) Mkt. cap. excluding top 10 companies to tot. mkt. cap. (%) Nonfin. corporate bonds to total bonds and notes outstanding (%)

Stability—Financial Markets Stock price volatility Other Indicators—Financial Institutions Bank concentration (%) Boone indicator Banking crisis dummy Other Indicators—Financial Markets Number of listed firms per 1,000,000 people Stock market return (%, year-on-year)

The Little Data Book on Financial Development  2015/2016

219


Glossary Account at a formal financial institution is the percentage of adults (age 15+) with an account (self or together with someone else) at a bank, credit union, another financial institution (e.g., cooperative, microfinance institution), or the post office (if applicable) including adults who reported having a debit card. (Demirgüç-Kunt and Klapper, 2012) Bank accounts refers to the number of depositors with commercial banks per 1,000 adults (age 15+). (International Monetary Fund) Bank branches refers to the number of commercial bank branches per 100,000 adults (age 15+). (International Monetary Fund) Bank concentration is the percentage of assets of the three largest commercial banks to total commercial banking assets. Total assets include total earning assets, cash and due from banks, foreclosed real estate, fixed assets, goodwill, other intangibles, current tax assets, deferred tax, discontinued operations and other assets. (Čihák, Demirgüç-Kunt, Feyen, and Levine, 2012) Bank lending-deposit spread is the difference between the lending rate charged by banks on loans to the private sector and the deposit interest rate offered by commercial banks on three-month deposits. (International Monetary Fund) Bank net interest margin refers to the accounting value of a bank’s net interest revenue as a share of its average interest-bearing (total earning) assets. (Čihák, Demirgüç-Kunt, Feyen, and Levine, 2012) Bank nonperforming loans to gross loans is the percentage of defaulting loans (payments of interest and principal past due by 90 days or more) to total gross loans (the total value of the loan portfolio). The loan amount recorded as nonperforming includes the gross value of the loan as recorded on the balance sheet, not just the amount that is overdue. (International Monetary Fund) Bank overhead costs to total assets refers to the operating expenses of a bank as a share of the value of all held assets. Total assets include total earning assets, cash and due from banks, foreclosed real estate, fixed assets, goodwill, other intangibles, current tax assets, deferred tax, discontinued operations, and other assets. (Čihák, Demirgüç-Kunt, Feyen, and Levine, 2012) Bank regulatory capital to risk-weighted assets refers to the capital adequacy of deposit takers. It is a ratio of total regulatory capital to its held assets, weighted according to risk of those assets. (International Monetary Fund) Bank return on assets refers to the percentage of commercial banks’ after tax income to yearly averaged total assets. (Čihák, Demirgüç-Kunt, Feyen, and Levine, 2012) Bank return on equity refers to the percentage of commercial banks’ after tax income to yearly averaged equity. (Čihák, Demirgüç-Kunt, Feyen, and Levine, 2012)

220

2015/2016  The Little Data Book on Financial Development


Glossary Bank Z- score captures the probability of default of a country’s banking system. Z-score compares the buffer of a country’s banking system (capitalization and returns) with the volatility of those returns. (Čihák, Demirgüç-Kunt, Feyen, and Levine, 2012) Banking crisis is a dummy variable for the presence of a banking crisis (1=banking crisis, 0=none). A banking crisis is defined as systemic if two conditions are met: 1) significant signs of financial distress in the banking system (as indicated by significant bank runs, losses in the banking system, and/or bank liquidations), and 2) significant banking policy intervention measures in response to significant losses in the banking system. The first year that both criteria are met is considered the year when the crisis starts becoming systemic. The end of a crisis is defined the year before both real GDP growth and real credit growth are positive for at least two consecutive years. (Luc Laeven and Fabian Valencia, 2012 “Systemic Banking Crises Database: An Update.” IMF Working Paper No. 12/163) Boone indicator measures the degree of competition based on profitefficiency in the banking market. It is calculated as the elasticity of profits to marginal costs. An increase in the Boone indicator implies a deterioration of the competitive conduct of financial intermediaries. (Čihák, Demirgüç-Kunt, Feyen, and Levine, 2012) Corporate bond issuance volume to GDP (%) refers to the ratio of new corporate bond issuance volume by private entities in industries other than finance, holding companies, and insurance to GDP. (World Bank FinDebt Database). Corporate bond average maturity (years) is the volume weighted average maturity of new corporate bond issuance by private entities in industries other than finance, holding companies, and insurance, in years (World Bank FinDebt Database). Deposit money banks’ assets refers to total assets held by deposit money banks. Assets include claims on the domestic real nonfinancial sector, which includes central, state, and local governments; nonfinancial public enterprises; and the private sector. Deposit money banks comprise commercial banks and other financial institutions that accept transferable deposits, such as demand deposits. Data are shown as a percentage of GDP. (International Monetary Fund and World Bank GDP estimates) Firms using banks to finance investments refers to the percentage of firms in the formal sector that use banks to finance their investment. Data are shown as a percentage of total firms in the formal sector. (World Bank Enterprise Surveys) Firms using banks to finance working capital refers to the percentage of firms in the formal sector that use banks to finance their working capital. Data are shown as a percentage of total firms in the formal sector. (World Bank Enterprise Surveys)

The Little Data Book on Financial Development  2015/2016

221


Glossary Firms with a bank loan/line of credit refers to the percentage of firms in the formal sector with a line of credit or a loan from a financial institution. Data are shown as a percentage of total firms in the formal sector. (World Bank Enterprise Surveys) Gross domestic product is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are for 2013. (World Bank, Organisation for Economic Co-operation and Development, and United Nations) Loan from a financial institution is the percentage of adults (age 15+) who report borrowing any money from a bank, credit union, microfinance institution, or another financial institution such as a cooperative in the past 12 months. (Demirgüç-Kunt and Klapper, 2012) Market capitalization excluding top 10 companies refers to the value of listed shares outside of the top 10 largest companies to the total value of all listed shares. (World Federation of Exchanges) Nonbank financial institutions’ assets refers to total assets held by financial institutions that do not accept transferable deposits but that perform financial intermediation by accepting other types of deposits or by issuing securities or other liabilities that are close substitutes for deposits. It covers institutions such as saving and mortgage loan institutions, post-office savings institutions, building and loan associations, finance companies that accept deposits or deposit substitutes, development banks, and offshore banking institutions. Assets include claims on the domestic real nonfinancial sector, which includes central, state, and local governments; nonfinancial public enterprises; and the private sector. Data are shown as a percentage of GDP. (International Monetary Fund, and World Bank GDP estimates) Nonfinancial corporate bonds to total bonds and notes outstanding refers to the total amount of domestic nonfinancial corporate bonds and notes outstanding to the total amount of domestic bonds and notes outstanding, both corporate and noncorporate. (Bank for International Settlements) Number of listed firms is the number of domestically incorporated companies listed on the country’s stock exchanges at the end of the year per 1,000,000 people. Investment companies, mutual funds, or other collective investment vehicles are excluded. (Standard & Poor’s, Global Stock Markets Factbook, and supplemental S&P data) Outstanding domestic private debt securities is the total amount of domestic private debt securities (amounts outstanding) issued in domestic markets. It covers long-term bonds and notes, commercial paper, and other shortterm notes. Data are shown as a percentage of GDP. (Bank for International Settlements)

222

2015/2016  The Little Data Book on Financial Development


Glossary Outstanding domestic public debt securities is the total amount of domestic public debt securities (amounts outstanding) issued in domestic markets. It covers long-term bonds and notes, treasury bills, commercial paper, and other short-term notes. Data are shown as a percentage of GDP. (Bank for International Settlements) Outstanding international debt securities is the total amount of international debt securities (amounts outstanding), both public and private. It covers longterm bonds and notes and money market instruments placed on international markets. Data are shown as a percentage of GDP. (Bank for International Settlements) Population is the midyear estimate of all residents regardless of legal status or citizenship, except for refugees not permanently settled in the country of asylum who are generally considered part of the population of their country of origin. Data are for 2013. (Eurostat, United Nations Population Division, and World Bank) Private credit by deposit money banks refers to financial resources provided to the private sector by domestic money banks. Domestic money banks comprise commercial banks and other financial institutions that accept transferable deposits, such as demand deposits. Data are shown as a percentage of GDP. (International Monetary Fund, and World Bank GDP estimates) Saved at a financial institution is the percentage of adults (age 15+) who report saving or setting aside any money using an account at a formal financial institution such as a bank, credit union, microfinance institution, or cooperative in the past 12 months. (Demirgüç-Kunt and Klapper, 2012) Small firms with a bank loan/line of credit is the percentage of small firms (less than 20 employees) in the formal sector with a line of credit or a loan from a financial institution to total small firms. (World Bank Enterprise Surveys) Stock market capitalization refers to the total value of all listed shares in a stock market as a percentage of GDP. (Standard & Poor’s, Global Stock Markets Factbook, and supplemental S&P data) Stock market return refers to the year-on-year changes in the growth rate of annual average stock market index. Annual average stock market index is constructed by taking the average of the daily stock market indexes. (Bloomberg) Stock market total value traded refers to the total value of all traded shares in a stock market exchange as a percentage of GDP. (Standard & Poor’s, Global Stock Markets Factbook, and supplemental S&P data) Stock market turnover ratio refers to the total value of shares traded during the period divided by the average market capitalization for the period. (Standard & Poor’s, Global Stock Markets Factbook, and supplemental S&P data) Stock price volatility is the 360-day standard deviation of the return on the national stock market index. (Bloomberg)

The Little Data Book on Financial Development  2015/2016

223


Glossary Syndicated loan issuance volume to GDP (%) refers to the ratio of new syndicated borrowing volume by private entities in industries other than finance, holding companies, and insurance to GDP. (World Bank FinDebt Database) Syndicated loan average maturity (years) is the volume weighted average maturity of new syndicated borrowing by private entities in industries other than finance, holding companies, and insurance, in years. (World Bank FinDebt Database) Value traded excluding top 10 traded companies refers to the value of all traded shares outside of the top 10 traded companies as a share of the total value of all traded shares in a stock market exchange. (World Federation of Exchanges)

224

2015/2016  The Little Data Book on Financial Development


The Little Data Book on Financial Development 2015/2016  

The Little Data Book on Financial Development 2015/2016 is a pocket edition of the Global Financial Development Database, published as part...

Read more
Read more
Similar to
Popular now
Just for you