CPIA fiscal policy rating (1=low to 6=high) by country

What this measures

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). This CPIA fiscal policy criterion assesses the quality of the fiscal policy in its stabilization and allocation functions. The stabilization function deals with achieving macroeconomic policy objectives in conjunction with coherent monetary and exchange rate policies—smoothing business cycle fluctuations, accommodating shocks.

Limitations: The CPIA exercise is intended to capture the quality of a country's policies and institutional arrangements, focusing on key elements that are within the country's control, rather than on outcomes (such as economic growth rates) that are influenced by events beyond the country's control. More specifically, 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.

Each country's latest available year is shown; countries report on different schedules, so compare years before comparing values.

Ranking

Regions and income groups

More public sector indicators

• Net acquisition of financial assets (current LCU)
• Net acquisition of financial assets (% of GDP)
• Central government debt, total (current LCU)
• Central government debt, total (% of GDP)
• Net incurrence of liabilities, total (current LCU)
• Net incurrence of liabilities, total (% of GDP)
• Net investment in nonfinancial assets (current LCU)
• Net investment in nonfinancial assets (% of GDP)
• Net lending (+) / net borrowing (-) (current LCU)
• Net lending (+) / net borrowing (-) (% of GDP)
• Grants and other revenue (current LCU)
• Grants and other revenue (% of revenue)

Reading data like this

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Source

World Bank, World Development Indicators, IQ.CPA.FISP.XQ, CC BY 4.0. Original source: CPIA database, World Bank Group (WBG), uri: https://datacatalog.worldbank.org/int/search/dataset/0038988 View on data.worldbank.org; the full definition is in the World Bank's metadata glossary.