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CPIA financial sector rating in Upper middle income

Upper middle income: CPIA financial sector rating was 3.19 1=low to 6=high in 2025. ▼ Falling

Latest (2025)
3.19 1=low to 6=high
Change on year
up 3.0%
Rank
9th
of 42 groups
All-time high
3.62 1=low to 6=high
in 2007
All-time low
3.03 1=low to 6=high
in 2015
Years of data
21
2005–2025

CPIA financial sector rating in Upper middle income, 2005–2025

012342005201520252005: 3.6 1=low to 6=high2006: 3.6 1=low to 6=high2007: 3.6 1=low to 6=high2008: 3.6 1=low to 6=high2009: 3.5 1=low to 6=high2010: 3.5 1=low to 6=high2011: 3.4 1=low to 6=high2012: 3.4 1=low to 6=high2013: 3.2 1=low to 6=high2014: 3.1 1=low to 6=high2015: 3 1=low to 6=high2016: 3 1=low to 6=high2017: 3 1=low to 6=high2018: 3 1=low to 6=high2019: 3.1 1=low to 6=high2020: 3.2 1=low to 6=high2021: 3.2 1=low to 6=high2022: 3.1 1=low to 6=high2023: 3.2 1=low to 6=high2024: 3.1 1=low to 6=high2025: 3.2 1=low to 6=high

Source: CPIA database, World Bank Group (WBG). Measured in 1=low to 6=high.

Analysis

The most recent figure for cpia financial sector rating in Upper middle income is 3.19 1=low to 6=high, measured in 2025.

The figure is up 3.0% on the previous year and up 5.2% over ten years.

Over the whole period, cpia financial sector rating in Upper middle income peaked at 3.62 1=low to 6=high in 2007 and was at its lowest, 3.03 1=low to 6=high, in 2015.

Upper middle income ranks 9th of 42 groups on this measure, in the top quarter.

The long-run direction has been consistently falling across the 21 years of available data.

CPIA financial sector rating in Upper middle income, year by year

Year 1=low to 6=high Change
2005 3.61 1=low to 6=high —
2006 3.61 1=low to 6=high +0.0%
2007 3.62 1=low to 6=high +0.5%
2008 3.62 1=low to 6=high +0.0%
2009 3.5 1=low to 6=high -3.4%
2010 3.5 1=low to 6=high +0.0%
2011 3.42 1=low to 6=high -2.4%
2012 3.37 1=low to 6=high -1.4%
2013 3.24 1=low to 6=high -3.9%
2014 3.09 1=low to 6=high -4.4%
2015 3.03 1=low to 6=high -2.0%
2016 3.04 1=low to 6=high +0.1%
2017 3.04 1=low to 6=high +0.0%
2018 3.04 1=low to 6=high +0.0%
2019 3.07 1=low to 6=high +1.0%
2020 3.15 1=low to 6=high +2.8%
2021 3.15 1=low to 6=high +0.0%
2022 3.14 1=low to 6=high -0.3%
2023 3.18 1=low to 6=high +1.1%
2024 3.09 1=low to 6=high -2.7%
2025 3.19 1=low to 6=high +3.0%

Averages by decade

DecadeAverage LowestHighest Years
2000s 3.59 1=low to 6=high 3.5 1=low to 6=high 3.62 1=low to 6=high 5
2010s 3.18 1=low to 6=high 3.03 1=low to 6=high 3.5 1=low to 6=high 10
2020s 3.15 1=low to 6=high 3.09 1=low to 6=high 3.19 1=low to 6=high 6

Countries ranked near Upper middle income

  1. 6 Bosnia and Herzegovina 3.5 1=low to 6=high compare
  2. 6 Cape Verde 3.5 1=low to 6=high compare
  3. 6 Cote d'Ivoire 3.5 1=low to 6=high compare
  4. 6 Dominica 3.5 1=low to 6=high compare
  5. 6 Georgia 3.5 1=low to 6=high compare
  6. 6 Ghana 3.5 1=low to 6=high compare
  7. 6 Grenada 3.5 1=low to 6=high compare
  8. 6 Guyana 3.5 1=low to 6=high compare
  9. 6 Honduras 3.5 1=low to 6=high compare
  10. 6 India 3.5 1=low to 6=high compare
  11. 6 Kenya 3.5 1=low to 6=high compare
  12. 6 Kyrgyzstan 3.5 1=low to 6=high compare
  13. 6 Malawi 3.5 1=low to 6=high compare
  14. 6 Pakistan 3.5 1=low to 6=high compare
  15. 6 Samoa 3.5 1=low to 6=high compare
  16. 6 Senegal 3.5 1=low to 6=high compare
  17. 6 Saint Lucia 3.5 1=low to 6=high compare
  18. 6 Tanzania 3.5 1=low to 6=high compare
  19. 6 Tonga 3.5 1=low to 6=high compare
  20. 6 Uganda 3.5 1=low to 6=high compare
  21. 6 Zambia 3.5 1=low to 6=high compare

See the full ranking of 126 places →

More public sector data for Upper middle income

All data for Upper middle income →

Frequently asked questions

What is cpia financial sector rating in Upper middle income?
Cpia financial sector rating in Upper middle income was 3.19 1=low to 6=high in 2025, according to CPIA database, World Bank Group (WBG).
What is the highest cpia financial sector rating recorded in Upper middle income?
The highest recorded value was 3.62 1=low to 6=high in 2007.
What is the lowest cpia financial sector rating recorded in Upper middle income?
The lowest recorded value was 3.03 1=low to 6=high in 2015.
How does Upper middle income rank for cpia financial sector rating?
Upper middle income ranks 9th out of 42 groups with data for 2025.
Is cpia financial sector rating rising or falling in Upper middle income?
Over the last ten years it is up 5.2%. The long-run trend across the full record is falling.
Where does this Upper middle income data come from?
The figures come from CPIA database, World Bank Group (WBG), published as part of CPIA financial sector rating (1=low to 6=high). Statizoid updates them automatically from the source API.

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CPIA financial sector rating in Upper middle income. Statizoid, drawing on CPIA database, World Bank Group (WBG). Retrieved 28 August 2026, from https://public-sector.statizoid.com/stat/cpia-financial-sector-rating-1-low-to-6-high/upper-middle-income/

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About this data

Indicator
CPIA financial sector rating (1=low to 6=high)
Unit
1=low to 6=high
Source
CPIA database, World Bank Group (WBG)
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
126 places, 2,443 data points, 2005–2025
Last refreshed

The CPIA measures the extent to which a country’s policy and institutional framework supports sustainable growth and poverty reduction, and consequently the effective use of development assistance. The outcome of the exercise yields both an overall score and scores for sixteen criteria that compose the CPIA. These criteria include: A. Economic Management (1. Monetary and Exchange Rate Policies; 2. Fiscal Policy; 3. Debt Policy and Management), B. Structural Policies (4. Trade; 5. Financial Sector; 6. Business Regulatory Environment), C. Policies for Social Inclusion/Equity (7. Gender equality; 8. Equity of public resource use; 9. Building human resources; 10. Social protection and labor; 11. Policies and institutions for environmental sustainability), D. Public Sector Management and Institutions (12. Property rights and rule-based governance; 13. Quality of budgetary and financial management; 14. Efficiency of revenue mobilization; 15. Quality of public administration; 16. Transparency, accountability, and corruption in the public sector). The financial sector criterion assesses the policies and regulations that affect financial sector development. Three dimensions are covered: (a) financial stability; (b) the sector’s efficiency, depth, and resource mobilization strength; and (c) access to financial services.