Subfield · Finance
Top Countries in Finance Research
China ranks first in 2022–2025, out of 54 ranked countries.
Composite score: field-normalised excellence, output and total citations weighted 50 / 30 / 20, each as a percentile so no single heavy-tailed measure dominates. Floor: 100 fractional works in this field.
Ranked by research quality, 2022–2025
| # | Country | Score | Top-10% rate | Works | Citations | All time |
|---|---|---|---|---|---|---|
| 1 | China | 100.0 | 26.1% | 8.4k | 46k | #3 |
| 2 | United States | 82.6 | 17.5% | 10k | 50k | #1 |
| 3 | United Kingdom | 72.5 | 22.6% | 4.4k | 23k | #2 |
| 4 | India | 65.2 | 16.1% | 3.9k | 11k | #11 |
| 5 | Italy | 59.7 | 22.5% | 1.9k | 8.8k | #6 |
| 6 | Germany | 55.1 | 17.1% | 2.7k | 10k | #4 |
| 7 | Australia | 51.2 | 23.4% | 1.8k | 8.4k | #8 |
| 8 | France | 47.9 | 15.5% | 2k | 8.1k | #5 |
| 9 | Canada | 44.9 | 18.7% | 1.5k | 6.5k | #7 |
| 10 | Netherlands | 42.3 | 19.8% | 975 | 4.2k | #9 |
| 11 | Switzerland | 39.9 | 20.6% | 760 | 4.5k | #10 |
| 12 | Spain | 37.7 | 21.5% | 924 | 4.2k | #12 |
| 13 | Malaysia | 35.7 | 21.3% | 568 | 2.1k | #26 |
| 14 | Türkiye | 33.8 | 12.5% | 1.5k | 3.3k | #25 |
| 15 | South Africa | 32.1 | 24.7% | 756 | 2.7k | #20 |
| 16 | Vietnam | 30.5 | 23.3% | 523 | 2.4k | #35 |
| 17 | South Korea | 29.0 | 19.9% | 822 | 3.1k | #18 |
| 18 | Hong Kong | 27.5 | 22.0% | 532 | 3.1k | #14 |
| 19 | Pakistan | 26.2 | 16.4% | 751 | 2.3k | #33 |
| 20 | Portugal | 24.9 | 23.2% | 450 | 2.2k | #27 |
| 21 | Japan | 23.7 | 12.1% | 1.1k | 2.6k | #17 |
| 22 | Saudi Arabia | 22.5 | 26.0% | 440 | 1.9k | #39 |
| 23 | Indonesia | 21.4 | 8.8% | 1.7k | 2.4k | #38 |
| 24 | Greece | 20.3 | 20.2% | 495 | 2.2k | #22 |
| 25 | Belgium | 19.3 | 17.9% | 530 | 2.2k | #13 |
| 26 | Denmark | 18.3 | 21.7% | 390 | 1.9k | #15 |
| 27 | ?? | 17.4 | 16.1% | 468 | 1.5k | #37 |
| 28 | Ethiopia | 16.5 | 40.5% | 207 | 1.5k | #48 |
| 29 | Poland | 15.6 | 11.5% | 919 | 2k | #30 |
| 30 | Russia | 14.7 | 10.4% | 1k | 1.8k | #19 |
| 31 | Sweden | 13.9 | 24.1% | 404 | 1.9k | #16 |
| 32 | Nigeria | 13.1 | 12.8% | 704 | 1.6k | #41 |
| 33 | Bangladesh | 12.3 | 21.3% | 337 | 1.3k | #45 |
| 34 | Singapore | 11.6 | 23.1% | 277 | 1.6k | #24 |
| 35 | United Arab Emirates | 10.9 | 33.3% | 211 | 1.3k | #43 |
| 36 | Ireland | 10.2 | 22.4% | 271 | 1.3k | #28 |
| 37 | Brazil | 9.5 | 12.2% | 896 | 2.2k | #21 |
| 38 | Taiwan | 8.8 | 19.0% | 470 | 2k | #31 |
| 39 | Ghana | 8.2 | 29.9% | 249 | 1.3k | #46 |
| 40 | Tunisia | 7.5 | 29.3% | 251 | 1.1k | #42 |
| 41 | New Zealand | 6.9 | 23.8% | 269 | 1.3k | #36 |
| 42 | Norway | 6.3 | 22.4% | 293 | 1.3k | #29 |
| 43 | Iran | 5.7 | 12.1% | 658 | 1.6k | #47 |
| 44 | Romania | 5.1 | 16.6% | 354 | 990 | #51 |
| 45 | Finland | 4.6 | 21.8% | 246 | 1.4k | #32 |
| 46 | Austria | 4.0 | 16.3% | 338 | 1.1k | #23 |
| 47 | Egypt | 3.5 | 19.1% | 229 | 847 | #55 |
| 48 | Thailand | 3.0 | 17.4% | 281 | 889 | #50 |
| 49 | Czechia | 2.4 | 16.7% | 277 | 917 | #40 |
| 50 | Hungary | 1.9 | 17.4% | 240 | 691 | #44 |
| 51 | Morocco | 143.3 | 12.7% | 353 | 613 | #58 |
| 52 | Mexico | 94.6 | 12.4% | 361 | 849 | #49 |
| 53 | Ukraine | 46.9 | 9.6% | 297 | 572 | #63 |
| 54 | Kenya | 0.0 | 8.7% | 303 | 478 | #60 |
countries ranked worldwide in Finance (54). rank on the composite score within the stated pool. The score track runs 0 to 100; the rate track carries no world mark, because the world rate differs by field.
How spread out this pool is
Every row above on one axis — one tick each, right is a higher score. A field where the top few are far clear of everyone and one that runs down evenly look identical as a table.
One bar per band of score, counting the rows on this page.