Central Bank Independence

Raw value is Nomadino central-bank independence points from 0 to 100. The score combines a maintained legal/de-facto independence anchor with World Bank governance indicators and inflation-stability checks so the visible value reflects both formal insulation and practical pressure on monetary policy.
1 Switzerland93 points 93 points 93
2 New Zealand92 points 92 points 92
3 Norway91 points 91 points 91
4 Finland90 points 90 points 90
4 Luxembourg90 points 90 points 90
4 Sweden90 points 90 points 90
7 Australia89 points 89 points 89
7 Canada89 points 89 points 89
7 Germany89 points 89 points 89
10 Japan88 points 88 points 88
10 Liechtenstein88 points 88 points 88
10 Netherlands88 points 88 points 88
13 Denmark87 points 87 points 87
13 France87 points 87 points 87
15 Austria86 points 86 points 86
15 Belgium86 points 86 points 86
15 Ireland86 points 86 points 86
15 Monaco86 points 86 points 86
19 Guadeloupe85 points 85 points 85
19 Mayotte85 points 85 points 85
19 Saint Pierre and Miquelon85 points 85 points 85
19 Saint-Martin85 points 85 points 85
19 San Marino85 points 85 points 85
19 United Kingdom85 points 85 points 85
25 Iceland84 points 84 points 84
26 Italy83 points 83 points 83
26 Spain83 points 83 points 83
26 United States83 points 83 points 83
29 French Guiana82 points 82 points 82
29 Israel82 points 82 points 82
29 Northern Mariana Islands82 points 82 points 82
29 Portugal82 points 82 points 82
29 Puerto Rico82 points 82 points 82
34 Korea Republic81 points 81 points 81
34 Martinique81 points 81 points 81
34 Réunion81 points 81 points 81
34 Singapore81 points 81 points 81
34 Slovenia81 points 81 points 81
39 Guam80 points 80 points 80
39 New Caledonia80 points 80 points 80
39 Wallis and Futuna80 points 80 points 80
42 Cyprus79 points 79 points 79
42 Czech Republic79 points 79 points 79
42 Estonia79 points 79 points 79
42 Greenland79 points 79 points 79
42 Latvia79 points 79 points 79
42 Lithuania79 points 79 points 79
42 Malta79 points 79 points 79
49 Chinese Taipei78 points 78 points 78
49 U.S. Virgin Islands78 points 78 points 78
51 Andorra77 points 77 points 77
51 Chile77 points 77 points 77
51 Greece77 points 77 points 77
51 Slovakia77 points 77 points 77
51 Tahiti77 points 77 points 77
56 Croatia76 points 76 points 76
56 Hong Kong76 points 76 points 76
56 Malaysia76 points 76 points 76
59 Faroe Islands75 points 75 points 75
59 Indonesia75 points 75 points 75
61 South Africa74 points 74 points 74
61 Thailand74 points 74 points 74
63 Bahamas73 points 73 points 73
63 Cayman Islands73 points 73 points 73
63 India73 points 73 points 73
63 Mauritius73 points 73 points 73
63 Uruguay73 points 73 points 73
68 Aruba72 points 72 points 72
68 Barbados72 points 72 points 72
68 Botswana72 points 72 points 72
68 Cape Verde72 points 72 points 72
68 Gibraltar72 points 72 points 72
68 Macau72 points 72 points 72
68 Philippines72 points 72 points 72
68 Poland72 points 72 points 72
68 Saint Kitts and Nevis72 points 72 points 72
77 Bermuda71 points 71 points 71
77 Brunei71 points 71 points 71
77 Costa Rica71 points 71 points 71
77 Dominica71 points 71 points 71
77 Georgia71 points 71 points 71
77 Grenada71 points 71 points 71
77 Jordan71 points 71 points 71
77 Peru71 points 71 points 71
77 Qatar71 points 71 points 71
77 Saint Lucia71 points 71 points 71
77 Saint Vincent and the Grenadines71 points 71 points 71
77 Seychelles71 points 71 points 71
89 American Samoa70 points 70 points 70
89 Antigua and Barbuda70 points 70 points 70
89 Brazil70 points 70 points 70
92 Armenia69 points 69 points 69
92 Bhutan69 points 69 points 69
92 Bosnia and Herzegovina69 points 69 points 69
92 Bulgaria69 points 69 points 69
92 Curacao69 points 69 points 69
92 Guyana69 points 69 points 69
92 Sint Maarten69 points 69 points 69
92 Trinidad and Tobago69 points 69 points 69
92 United Arab Emirates69 points 69 points 69
101 Albania68 points 68 points 68
101 British Virgin Islands68 points 68 points 68
101 Kuwait68 points 68 points 68
101 Mexico68 points 68 points 68
101 Namibia68 points 68 points 68
101 Oman68 points 68 points 68
101 Turks and Caicos Islands68 points 68 points 68
108 Colombia67 points 67 points 67
108 Fiji67 points 67 points 67
108 Kosovo67 points 67 points 67
108 Morocco67 points 67 points 67
108 Romania67 points 67 points 67
108 Senegal67 points 67 points 67
114 Anguilla66 points 66 points 66
114 Benin66 points 66 points 66
114 Dominican Republic66 points 66 points 66
114 Jamaica66 points 66 points 66
114 Panama66 points 66 points 66
114 Samoa66 points 66 points 66
114 Saudi Arabia66 points 66 points 66
114 Tanzania66 points 66 points 66
122 Bahrain65 points 65 points 65
122 Belize65 points 65 points 65
122 Djibouti65 points 65 points 65
122 Ecuador65 points 65 points 65
122 Ivory Coast65 points 65 points 65
122 Maldives65 points 65 points 65
122 Montenegro65 points 65 points 65
122 Montserrat65 points 65 points 65
122 North Macedonia65 points 65 points 65
122 Paraguay65 points 65 points 65
122 Serbia65 points 65 points 65
133 Guatemala64 points 64 points 64
133 Kenya64 points 64 points 64
133 Rwanda64 points 64 points 64
136 Micronesia63 points 63 points 63
136 Palau63 points 63 points 63
136 Timor-Leste63 points 63 points 63
139 Kiribati62 points 62 points 62
139 Nepal62 points 62 points 62
139 Swaziland62 points 62 points 62
139 Togo62 points 62 points 62
139 Tonga62 points 62 points 62
139 Uganda62 points 62 points 62
139 Ukraine62 points 62 points 62
146 El Salvador61 points 61 points 61
146 Gabon61 points 61 points 61
146 Mali61 points 61 points 61
146 Moldova61 points 61 points 61
146 Nauru61 points 61 points 61
146 Solomon Islands61 points 61 points 61
146 Tunisia61 points 61 points 61
146 Tuvalu61 points 61 points 61
146 Vietnam61 points 61 points 61
155 Burkina Faso60 points 60 points 60
155 Honduras60 points 60 points 60
155 Hungary60 points 60 points 60
155 Lesotho60 points 60 points 60
155 Papua New Guinea60 points 60 points 60
155 Zanzibar60 points 60 points 60
161 Bolivia59 points 59 points 59
161 Cambodia59 points 59 points 59
161 Cameroon59 points 59 points 59
161 Comoros59 points 59 points 59
161 Guinea-Bissau59 points 59 points 59
161 Mauritania59 points 59 points 59
161 Niger59 points 59 points 59
161 Vanuatu59 points 59 points 59
169 Algeria58 points 58 points 58
169 Azerbaijan58 points 58 points 58
169 Congo58 points 58 points 58
169 Kazakhstan58 points 58 points 58
173 China57 points 57 points 57
173 Cook Islands57 points 57 points 57
173 Mongolia57 points 57 points 57
173 Mozambique57 points 57 points 57
177 Bangladesh56 points 56 points 56
177 Central African Republic56 points 56 points 56
177 Equatorial Guinea56 points 56 points 56
180 Gambia55 points 55 points 55
180 Madagascar55 points 55 points 55
180 Niue55 points 55 points 55
183 Kyrgyzstan54 points 54 points 54
183 São Tomé and Príncipe54 points 54 points 54
183 Uzbekistan54 points 54 points 54
186 Tajikistan53 points 53 points 53
187 Marshall Islands52 points 52 points 52
187 Nicaragua52 points 52 points 52
189 Chad51 points 51 points 51
189 Congo DR51 points 51 points 51
189 Russia51 points 51 points 51
189 Zambia51 points 51 points 51
193 Liberia50 points 50 points 50
194 Ghana49 points 49 points 49
194 Guinea49 points 49 points 49
194 Sri Lanka49 points 49 points 49
197 Pakistan47 points 47 points 47
198 Libya45 points 45 points 45
199 Ethiopia44 points 44 points 44
199 Myanmar44 points 44 points 44
201 Angola43 points 43 points 43
201 Egypt43 points 43 points 43
201 Iraq43 points 43 points 43
201 Malawi43 points 43 points 43
201 Nigeria43 points 43 points 43
206 Belarus42 points 42 points 42
206 Burundi42 points 42 points 42
208 Laos41 points 41 points 41
209 Sierra Leone40 points 40 points 40
209 Suriname40 points 40 points 40
211 Afghanistan39 points 39 points 39
212 Palestine38 points 38 points 38
213 Western Sahara35 points 35 points 35
214 Turkey32 points 32 points 32
214 Yemen32 points 32 points 32
216 Haiti30 points 30 points 30
216 Iran30 points 30 points 30
218 Argentina28 points 28 points 28
218 Eritrea28 points 28 points 28
218 Turkmenistan28 points 28 points 28
221 Cuba27 points 27 points 27
222 Syria23 points 23 points 23
223 Sudan21 points 21 points 21
224 Lebanon20 points 20 points 20
224 Somalia20 points 20 points 20
224 Zimbabwe20 points 20 points 20
227 South Sudan19 points 19 points 19
228 Venezuela16 points 16 points 16
229 Korea DPR14 points 14 points 14

Last rating: June 17th, 2026

How the Raw Value Is Calculated

The raw value is central-bank independence points from 0 to 100. Higher values mean monetary policy is more strongly insulated, legally and in practice, from short-term political pressure. The score equals the raw value.

Nomadino does not use a single inflation value as a substitute for central-bank independence. The core is a maintained legal and de-facto independence anchor checked against public CBI datasets, central-bank laws, official central-bank information and documented political interventions.

The weighting is: 50% legal and de-facto independence anchor, 20% institutional shield from World Bank governance values, 15% inflation stress as a fiscal-dominance signal, 10% multi-year inflation credibility and 5% transparency and accountability proxy.

The legal core covers mandate, price-stability priority, freedom from instructions, appointment and dismissal rules, governor tenure, budget autonomy and protection from direct monetary financing of government.

World Bank governance values check the institutional setting: rule of law, government effectiveness, regulatory quality, control of corruption, and voice and accountability. This prevents a formally strong law from receiving too much credit in a weak institutional environment.

Inflation is used only in a limited way. Very high or volatile consumer-price inflation reduces the rating because it can indicate political pressure, fiscal dominance or weak monetary-policy credibility. Normal price movements do not replace the legal assessment.

For countries and territories without separate data series, Nomadino uses maintained replacements from the administering state, currency area, local central-bank structure, regional comparators and previous Nomadino anchors. Monetary unions are not treated as automatically identical: the shared central bank matters strongly, but local fiscal and institutional risks remain visible.

This indicator measures central-bank independence, not the price level, prosperity or overall macroeconomic stability. Inflation, public debt, foreign-exchange reserves, current account balance, growth and economic resilience remain separate or neighbouring indicators.