Skip to content
Nations Inquiry — home

Data for 2020

Central Bank Independence Index, 2020

Figures for 2020, as Ana Carolina Garriga published them · stored as published, never rewritten

The Central Bank Independence Index reads each country’s central bank law and scores how far it shields the bank from the government, from 0 to 1. Coded by Ana Carolina Garriga at the University of Essex on the standard Cukierman–Webb–Neyapti scheme, it covers nearly every country back to 1970.

Central Bank Independence Index, 2020 covers 191 countries on 2 measures. Bosnia and Herzegovina is highest, at 0.974; Tuvalu is lowest, at 0.006. The middle country reads 0.608. Against 2019, 7 values changed (6 up, 1 down), the same countries are covered.

Download CSVCite this year
Share

Share this page

Central Bank Independence Index · Data for 2020

HighestBosnia and Herzegovina

0.974

LowestTuvalu

0.006

Shaded by value in five groups of equal size, darkest at the highest end.

01Values only

The table

Every country and every column of Central Bank Independence Index, 2020, as published. The file carries values only, so no position is shown. “=” marks a shared position.

Showing 25 of 191 countries · select a heading to sort

Central Bank Independence Index, 2020: every country, as published by Ana Carolina Garriga, University of Essex.
Bosnia and HerzegovinaBIHSouthern Europe0.9740.979
IndonesiaIDNSouth-eastern Asia0.9040.896
CroatiaHRVSouthern Europe0.8930.924
ArmeniaARMWestern Asia0.8890.847
RomaniaROUEastern Europe0.8790.846
HungaryHUNEastern Europe0.8770.912
TürkiyeTURWestern Asia0.8610.899
BeninBENWestern Africa0.8410.802
Burkina FasoBFAWestern Africa0.8410.802
Côte d’IvoireCIVWestern Africa0.8410.802
Guinea-BissauGNBWestern Africa0.8410.802
MaliMLIWestern Africa0.8410.802
NigerNERWestern Africa0.8410.802
SenegalSENWestern Africa0.8410.802
TogoTGOWestern Africa0.8410.802
PolandPOLEastern Europe0.8330.875
PeruPERSouth America0.8110.798
AustriaAUTWestern Europe0.7960.857
BelgiumBELWestern Europe0.7960.857
CyprusCYPWestern Asia0.7960.857
FinlandFINNorthern Europe0.7960.857
FranceFRAWestern Europe0.7960.857
GermanyDEUWestern Europe0.7960.857
GreeceGRCSouthern Europe0.7960.857
IrelandIRLNorthern Europe0.7960.857

02In 2020

At either end

The 5 countries at each end of the headline, then the highest and lowest on each other measure.

Highest

  1. Bosnia and Herzegovina0.974
  2. Indonesia0.904
  3. Croatia0.893
  4. Armenia0.889
  5. Romania0.879

Lowest

  1. Tuvalu0.006
  2. Bermuda0.100
  3. Brazil0.145
  4. Vietnam0.150
  5. Laos0.185

Neither end is better. The values describe a shape, not a score. The middle country reads 0.608. “Shared” marks a value another country also holds.

Each measure’s ends

032019 → 2020

Since 2019

What changed between 2019 and this one: who joined or left, and how far the headline moved.

  • +0 / −0countries joined / left
  • 7values changed, of 191 in both
  • 6 · 1rose · fell
  • 184unchanged

Rose most

Fell most

Changes in value, not in places: a country’s place also moves when others do. Every country’s full history is charted on the statistic page.

04Caveats

Read before you use

What this edition’s numbers are and are not, worked out from the file itself.

How values are stored

  • 133 distinct values among 191

    Values are stored exactly as published, to 3 decimals. 17 countries share 0.796. Countries sharing a value share a position too.

  • Nothing missing

    Every one of the 191 countries has every column.

05The files

Download and cite

The table as a file, digit for digit, what this site changed, and a citation for this edition.

Licence in full

What this site changed: Reshaped into one row per country: regional and income-group totals are left out, only the columns listed are kept, each row gets its ISO 3166 code, and some country names are brought to one spelling. No value is recalculated, rescaled or rounded.

Licence: CC0 1.0 · what it allows, in plain words

Cite this edition

Ana Carolina Garriga, University of Essex (2020). Central Bank Independence Index, 2020 [data set], describing 2020. As held by Nations Inquiry, https://nationsinquiry.com/datasets/central-bank-independence/2020

0654 held

Other years