Affärslivet Financial Development Index 2026

Executive summary

The Affärslivet Financial Development Index 2026 ranks 45 economies on financial-market depth by combining 4 equal-weighted dimensions, each normalised to a 0–100 scale. Deep, liquid financial markets channel savings into productive investment; the index separates the world's financial centres from bank-thin economies where firms struggle to raise capital. United States leads with 70.4/100; Sweden ranks — of 45 with None/100. This is Affärslivet's own composite — fully transparent: every input is an official World Bank series with a source URL, and the method below is reproducible. The complete ranking with per-dimension scores is downloadable as CSV and JSON under a CC BY 4.0 licence.

Key findings

The index — top economies

The chart shows the 15 highest-scoring economies (Sweden highlighted); scores are the equal-weighted mean of 4 dimensions, each normalised 0–100 across the 45 ranked economies.

Sweden, dimension by dimension

Sweden is not ranked (insufficient dimensions).

Who leads each dimension

No single economy tops every dimension — the overall winner (United States) leads by being strong across the board (a 46-point spread across its dimensions). This table shows the world leader on each individual dimension of the index.

Regional patterns

Median composite score by world region reveals where financial-market depth concentrates. Asia-Pacific leads on the median measure. Regional medians tell a story the country ranking alone can hide — whether strength is broad across a region or driven by one or two standouts.

What the index reveals

What the data says: United States leads with 70.4/100, 2.4× the median score of 29.5. The spread across the 45 ranked economies shows financial-market depth is concentrated among a clear top tier, and — because the index equal-weights several dimensions — the leaders got there by being strong across the board, not on one metric alone.

Sweden is not ranked on this index (insufficient data on the financial-market depth dimensions).

Top 5 vs bottom 5

The five highest- and five lowest-scoring economies on the Affärslivet Financial Development Index 2026 side by side — the clearest snapshot of the range across the 45 ranked economies.

How the index is built

The Affärslivet Financial Development Index ranks economies on the depth and dynamism of their financial systems — the size of the stock market, the flow of credit to business, how actively shares trade, and how much foreign capital they attract.

Each dimension is min-max normalised across all economies with data (lowest = 0, highest = 100); dimensions where lower is better (e.g. unemployment, debt, inequality) are inverted so a higher score always means better. The composite is the equal-weighted mean of the dimensions an economy reports; a minimum of 3 is required to be ranked. Equal weighting is a deliberate, transparent choice.

Full ranking — 45 economies

Complete ranking with composite score and each economy's normalised (0–100) score per dimension.

Limitations & what the index can't tell you

This is a composite, and composites make choices. Scores are relative to the 45 ranked economies, so they shift as the field changes, not only as a country improves. Each dimension uses the most recent World Bank year available, and reporting lags differ across countries. Equal weighting is deliberate but not neutral — a differently weighted index would reorder the middle of the table (the top and bottom are robust).

The index measures the dimensions of financial-market depth that official data captures; it is not a verdict on quality of life, policy or outcomes beyond them. We publish the full method and data precisely so others can reweight, extend or challenge it — reproducibility is the point.

Scoreboard (machine-readable data)

Every headline indicator with its value, period, source and confidence. Free to reuse under CC BY 4.0.

↓ CSV · ↓ JSON

Methodology & verification

The Affärslivet Financial Development Index 2026 equal-weights 4 World Bank dimensions, each min-max normalised to 0–100 (dimensions where lower is better are inverted). The composite is the mean of the dimensions an economy reports; at least 3 are required. Scores are relative to the ranked set and shift as peer data updates. Every input is an official World Bank series (compiled from the IMF, WHO, UNESCO and national sources) with a source URL; nothing is estimated. This is Affärslivet's own composite — transparent and reproducible, not an official World Bank, IMF or UN index. Confidence: Medium-High.

Data dictionary

Frequently asked questions

Glossary

Composite index

A single score combining several indicators, here the equal-weighted mean of 4 normalised dimensions. ↗

Min-max normalisation

Rescaling so the lowest value becomes 0 and the highest 100, making different indicators comparable; 'lower is better' dimensions are inverted. ↗

Stock market size

Dimension of the index — World Bank series CM.MKT.LCAP.GD.ZS (higher is better). ↗

Credit to business

Dimension of the index — World Bank series FS.AST.PRVT.GD.ZS (higher is better). ↗

Market liquidity

Dimension of the index — World Bank series CM.MKT.TRAD.GD.ZS (higher is better). ↗

Foreign capital

Dimension of the index — World Bank series BX.KLT.DINV.WD.GD.ZS (higher is better). ↗

Sources

• World Bank Open Data — all dimensions
• World Bank — Stock market size
• World Bank — Credit to business
• World Bank — Market liquidity
• World Bank — Foreign capital
• Affärslivet — Sweden Economic Indicators

Related reports & data

• Business Climate Index
• Economic Health Index
• Prosperity Index
• Richest Countries in the World
• Sweden Economic Indicators