Financial Development and Structure 1960-2010
Aruba, Afghanistan, Angola, Albania, Andorra, Netherlands Antilles, United Arab Emirates, Argentina, Armenia, American Samoa, Antigua and Barbuda..., 1960 - 2010
Thorsten Beck and Asli Demirguc-Kunt (World Bank), Ross Eric Levine (Carlson School of Management, University of Minnesota)
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August 26, 2021
Last modified
August 26, 2021
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Identification
Survey ID Number
WLD_1960-2010_FDS_v02_M
Title
Financial Development and Structure 1960-2010
Country/Economy
| Name | Country code |
|---|---|
| Aruba | ABW |
| Afghanistan | AFG |
| Angola | AGO |
| Albania | ALB |
| Andorra | AND |
| Netherlands Antilles | ANT |
| United Arab Emirates | ARE |
| Argentina | ARG |
| Armenia | ARM |
| American Samoa | ASM |
| Antigua and Barbuda | ATG |
| Australia | AUS |
| Austria | AUT |
| Azerbaijan | AZE |
| Burundi | BDI |
| Belgium | BEL |
| Benin | BEN |
| Burkina Faso | BFA |
| Bulgaria | BGR |
| Bahrain | BHR |
| Bahamas, The | BHS |
| Bosnia and Herzegovina | BIH |
| Bolivia | BOL |
| Brazil | BRA |
| Barbados | BRB |
| Brunei Darussalam | BRN |
| Bhutan | BTN |
| Botswana | BWA |
| Central African Republic | CAF |
| Canada | CAN |
| Switzerland | CHE |
| Chile | CHL |
| China | CHN |
| China | CHN |
| Côte d'Ivoire | CIV |
| Cameroon | CMR |
| Colombia | COL |
| Comoros | COM |
| Cabo Verde | CPV |
| Costa Rica | CRI |
| Cuba | CUB |
| Cayman Islands | CYM |
| Cyprus | CYP |
| Czech Republic | CZE |
| Germany | DEU |
| Djibouti | DJI |
| Dominica | DMA |
| Denmark | DNK |
| Dominican Republic | DOM |
| Algeria | DZA |
| Ecuador | ECU |
| Spain | ESP |
| Estonia | EST |
| Ethiopia | ETH |
| Finland | FIN |
| Fiji | FJI |
| France | FRA |
| Micronesia, Fed. Sts. | FSM |
| Gabon | GAB |
| United Kingdom | GBR |
| Georgia | GEO |
| Ghana | GHA |
| Guinea | GIN |
| Gambia, The | GMB |
| Guinea-Bissau | GNB |
| Equatorial Guinea | GNQ |
| Greece | GRC |
| Grenada | GRD |
| Greenland | GRL |
| Guatemala | GTM |
| Guam | GUM |
| Guyana | GUY |
| Honduras | HND |
| Croatia | HRV |
| Haiti | HTI |
| Hungary | HUN |
| Indonesia | IDN |
| Isle of Man | IMN |
| India | IND |
| Ireland | IRL |
| Iran, Islamic Rep. | IRN |
| Iraq | IRQ |
| Iceland | ISL |
| Israel | ISR |
| Italy | ITA |
| Jamaica | JAM |
| Jordan | JOR |
| Japan | JPN |
| Kazakhstan | KAZ |
| Kenya | KEN |
| Kyrgyz Republic | KGZ |
| Cambodia | KHM |
| Kiribati | KIR |
| Korea, Rep. | KOR |
| Kuwait | KWT |
| Lao PDR | LAO |
| Lebanon | LBN |
| Liberia | LBR |
| Libya | LBY |
| Liechtenstein | LIE |
| Sri Lanka | LKA |
| Lesotho | LSO |
| Lithuania | LTU |
| Luxembourg | LUX |
| Latvia | LVA |
| Macao SAR, China | MAC |
| Morocco | MAR |
| Monaco | MCO |
| Moldova | MDA |
| Madagascar | MDG |
| Maldives | MDV |
| Mexico | MEX |
| Marshall Islands | MHL |
| North Macedonia | MKD |
| Mali | MLI |
| Malta | MLT |
| Myanmar | MMR |
| Montenegro | MNE |
| Mongolia | MNG |
| N. Mariana Isld. | MNP |
| Mozambique | MOZ |
| Mauritania | MRT |
| Mauritius | MUS |
| Malawi | MWI |
| Malaysia | MYS |
| Mayotte | MYT |
| Namibia | NAM |
| New Caledonia | NCL |
| Niger | NER |
| Nigeria | NGA |
| Nicaragua | NIC |
| Netherlands | NLD |
| Norway | NOR |
| Nepal | NPL |
| New Zealand | NZL |
| Oman | OMN |
| Pakistan | PAK |
| Panama | PAN |
| Peru | PER |
| Philippines | PHL |
| Palau | PLW |
| Papua New Guinea | PNG |
| Poland | POL |
| Puerto Rico | PRI |
| Portugal | PRT |
| Paraguay | PRY |
| French Polynesia | PYF |
| Qatar | QAT |
| Romania | ROU |
| Russian Federation | RUS |
| Rwanda | RWA |
| Saudi Arabia | SAU |
| Sudan | SDN |
| Senegal | SEN |
| Singapore | SGP |
| Solomon Islands | SLB |
| Sierra Leone | SLE |
| El Salvador | SLV |
| Somalia | SOM |
| Serbia | SRB |
| Sao Tome and Principe | STP |
| Suriname | SUR |
| Slovak Republic | SVK |
| Slovenia | SVN |
| Sweden | SWE |
| Eswatini | SWZ |
| Seychelles | SYC |
| Syrian Arab Republic | SYR |
| Chad | TCD |
| Togo | TGO |
| Thailand | THA |
| Tajikistan | TJK |
| Turkmenistan | TKM |
| Timor-Leste | TLS |
| Tonga | TON |
| Trinidad and Tobago | TTO |
| Tunisia | TUN |
| Turkey | TUR |
| Taiwan, China | TWN |
| Tanzania | TZA |
| Uganda | UGA |
| Ukraine | UKR |
| Uruguay | URY |
| United States | USA |
| Uzbekistan | UZB |
| Venezuela, RB | VEN |
| Vietnam | VNM |
| Vanuatu | VUT |
| West Bank and Gaza | WBG |
| Samoa | WSM |
| Yemen, Rep. | YEM |
| South Africa | ZAF |
| Zambia | ZMB |
| Zimbabwe | ZWE |
| Serbia and Montenegro | SCG |
Study type
Macroeconomics - Indicators
Abstract
We have again updated the more popular data series from the Financial Structure database through 2008. Revised: April 2010. The revised dataset has some additional variables (two indicators of deposits in banks and in financial institutions relative to GDP added in 2007, and included in this latest update, some standard banking variables (ROE, ROA, cost-income ratio and z-score) as well as some measures of financial globalization: outstanding and net issues of international debt to GDP, loans from non-resident banks to GDP, off-shore deposits to domestic bank deposits, and remittance inflows to GDP.
We gratefully acknowledge the assistance of Pam Gill, Baybars Karacaovali and Edward Al-Hussainy with this update. Please note that most metrics have been recalculated for the entire time period to ensure consistency over time. The file contains a sheet with definitions and sources; for more detailed definitions and detailed description of the sources, please see the working paper attached as external resources.
This new database of indicators of financial development and structure across countries and over time is unique in that it unites a range of indicators that measure the size, activity, and efficiency of financial intermediaries and markets.
The compiled data permit the construction of financial structure indicators to measure whether, for example, a country's banks are larger, more active, and more efficient than its stock markets. These indicators can then be used to investigate the empirical link between the legal, regulatory, and policy environment and indicators of financial structure. They can also be used to analyze the implications of financial structure for economic growth.
We gratefully acknowledge the assistance of Pam Gill, Baybars Karacaovali and Edward Al-Hussainy with this update. Please note that most metrics have been recalculated for the entire time period to ensure consistency over time. The file contains a sheet with definitions and sources; for more detailed definitions and detailed description of the sources, please see the working paper attached as external resources.
This new database of indicators of financial development and structure across countries and over time is unique in that it unites a range of indicators that measure the size, activity, and efficiency of financial intermediaries and markets.
The compiled data permit the construction of financial structure indicators to measure whether, for example, a country's banks are larger, more active, and more efficient than its stock markets. These indicators can then be used to investigate the empirical link between the legal, regulatory, and policy environment and indicators of financial structure. They can also be used to analyze the implications of financial structure for economic growth.
Kind of Data
Aggregate data [agg]
Version
Version Description
Version 02 (September 2010)
As part of the work on the 2013 Global Financial Development Report, and the related Global Financial Development Database, data series from the Financial Development and Structure database have also been updated through 2010. The revised dataset covers 203 jurisdictions, removing seven jurisdictions (American Samoa, Channel Islands, Greenland, Guam, Mayotte, Northern Mariana Islands, and Puerto Rico) for absence of data, while including three jurisdictions (Kosovo, San Marino, and Tuvalu) that were not covered in the previous iterations of the dataset. Taiwan and Netherland Antilles are also removed for reasons of consistency with the Global Financial Development Database.
Please note that most indicators have been recalculated for the entire time period to ensure consistency over time. As regards the z-score, sd(ROA) for each bank is now calculated using all years instead of the 5-year moving window used in the previous version. The file contains a sheet with definitions and sources. For more detailed definitions and detailed descriptions of the underlying sources, please see the working papers below.
As part of the work on the 2013 Global Financial Development Report, and the related Global Financial Development Database, data series from the Financial Development and Structure database have also been updated through 2010. The revised dataset covers 203 jurisdictions, removing seven jurisdictions (American Samoa, Channel Islands, Greenland, Guam, Mayotte, Northern Mariana Islands, and Puerto Rico) for absence of data, while including three jurisdictions (Kosovo, San Marino, and Tuvalu) that were not covered in the previous iterations of the dataset. Taiwan and Netherland Antilles are also removed for reasons of consistency with the Global Financial Development Database.
Please note that most indicators have been recalculated for the entire time period to ensure consistency over time. As regards the z-score, sd(ROA) for each bank is now calculated using all years instead of the 5-year moving window used in the previous version. The file contains a sheet with definitions and sources. For more detailed definitions and detailed descriptions of the underlying sources, please see the working papers below.
Version Date
2010-09-03
Scope
Notes
The datasets include information related to:
- Bank concentration
- Private credit
- Liquid liabilities
- Bank assets
- Market capitalization
- Remittances
- Loans
- Stock market
- Bank concentration
- Private credit
- Liquid liabilities
- Bank assets
- Market capitalization
- Remittances
- Loans
- Stock market
Producers and sponsors
Primary investigators
| Name |
|---|
| Thorsten Beck and Asli Demirguc-Kunt (World Bank), Ross Eric Levine (Carlson School of Management, University of Minnesota) |
Data Collection
Dates of Data Collection
| Start | End |
|---|---|
| 1960 | 2010 |
Time periods
| Start date | End date |
|---|---|
| 1960 | 2008 |
Access policy
Contacts
| Name | Affiliation | URL | |
|---|---|---|---|
| Development Research Group | World Bank | research@worldbank.org | http://go.worldbank.org/B9W4QTDHR0 |
Citation requirements
Use of the dataset must be acknowledged using a citation which would include:
- the Identification of the Primary Investigator
- the title of the survey (including acronym and year of implementation)
- the survey reference number
- the source and date of download
Example:
Thorsten Beck et al. Financial Development and Structure (FDS) 1960-2008. Ref. WLD_2008_FDS_v01_M. Dataset downloaded from http://microdata.worldbank.org on [date].
- the Identification of the Primary Investigator
- the title of the survey (including acronym and year of implementation)
- the survey reference number
- the source and date of download
Example:
Thorsten Beck et al. Financial Development and Structure (FDS) 1960-2008. Ref. WLD_2008_FDS_v01_M. Dataset downloaded from http://microdata.worldbank.org on [date].
Disclaimer and copyrights
Disclaimer
The user of the data acknowledges that the original collector of the data, the authorized distributor of the data, and the relevant funding agency bear no responsibility for use of the data or for interpretations or inferences based upon such uses.
Metadata production
DDI Document ID
DDI_WLD_1960-2010_FDS_v03_M
Date of Metadata Production
2010-08-31
DDI Document version
DDI Document - Version 03 - (04/27/21)
This version is identical to DDI_WLD_1960-2010_FDS_v02_M but country field has been updated to capture all the countries covered by survey.
Version 01 (August 2010)
Version 02 (September 2010)
This version is identical to DDI_WLD_1960-2010_FDS_v02_M but country field has been updated to capture all the countries covered by survey.
Version 01 (August 2010)
Version 02 (September 2010)