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GFDR 2013: Global Financial Development Database (GFDD)


Global Financial Development Database (GFDD)

The Global Financial Development Database is an extensive dataset of financial system characteristics for 203 economies. It contains annual data, starting from 1960. It has been last updated in April 2013 and now contains data through 2011.

The Global Financial Development Database is based on a “4x2 framework”. Specifically, it includes measures of (1) depth, (2) access, (3) efficiency, and (4) stability of financial systems. Each of these characteristics captures both (1) financial institutions (banks, insurance companies, and so on), and
(2) financial markets (such as stock markets and bond markets). It also provides other useful indicators, such as measures of concentration and competition in the banking sector. The database builds on, updates, and extends previous efforts, in particular the data collected for the “Database on Financial Development and Structure.

For more on the Global Financial Development Database, the 4x2 framework, and the underlying theoretical and empirical literature, see chapter 1 of the 2013 Global Financial Development Report, and also Cihák, Martin, Asli Demirgüç-Kunt, Erik Feyen, and Ross Levine. 2012 . “Benchmarking Financial Systems around the World .” Policy Research Working Paper 6175, World Bank, Washington, DC.

Latest version of the dataset

Exel file April 2013 Version

The April 2013 version of the dataset includes new data for 2011. Relative to the September 2012 version, it adds three indicators: gross portfolio debt assets to GDP (%), global leasing volume to GDP (%), total factoring volume to GDP (%). It also improves the quality of the database by fixing a number of errors in the calculation procedures, checking some series for irregularities, and employing the latest available data from Bankscope, Bank for International Settlements, IMF’s International Financial Statistics, and World Bank’s World Development Indicators.

Related Links

Explore and create your data | Working Paper | Chapter 1 |PDF file Statistical Appendix | Voxeu column

Older Versions of the Dataset

Exel file September 2012 Version

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