European Central Bank — Country-Level Index of Financial Stress (CLIFS)
The Country-Level Index of Financial Stress (CLIFS) is an official time series dataset published by the European Central Bank via its Data Portal, distributed as the CLIFS dataflow over the SDMX 2.1 REST API. A single endpoint serves data in XML (SDMX-ML), CSV, and JSON formats, allowing users to extract specific series using key paths and startPeriod, endPeriod, or lastNObservations filters. The same series can also be browsed and charted interactively on the ECB Data Portal. The index measures financial stress at the country level across EU member states, supporting economic and financial-stability analysis.Country-Level Index of Financial Stress (CLIFS) — official time series from the European Central Bank Data Portal, published as the CLIFS dataflow over SDMX 2.1 REST. One endpoint serves XML (SDMX-ML), CSV (?format=csvdata) and JSON (?format=jsondata); extract exactly the series you need with a key path and startPeriod / endPeriod / lastNObservations filters. Browse and chart the same series on the ECB Data Portal.
Trust score
How is this computed?Weighted across five axes. Tap a ring for what it measures.
Data schema (29 fields)
Click a field to see example values.
| Field | Type | Description |
|---|---|---|
| FREQFrequency | dimension | Frequency of observations, e.g. monthly.1 codes (e.g. Monthly) |
| REF_AREAReference area | dimension | Country or reference area code covered by the observation.28 codes (e.g. Austria, Belgium, Bulgaria) |
| CURRENCY | dimension | Currency of denomination; not applicable for this index.1 codes (e.g. Not applicable) |
| PROVIDER_FMFinancial market provider | dimension | Code identifying the financial market data provider, e.g. ECB.1 codes (e.g. ECB) |
| INSTRUMENT_FMFinancial market instrument | dimension | Type of financial market instrument, e.g. economic indicator.1 codes (e.g. Economic indicator) |
| PROVIDER_FM_IDFinancial market provider identifier | dimension | Provider-assigned identifier for the specific series, e.g. CLIFS composite indicator.1 codes (e.g. Country-Level Index of Financial Stress (CLIFS) Composite Indicator) |
| DATA_TYPE_FMFinancial market data type | dimension | Type of financial market data, e.g. index.1 codes (e.g. Index) |
| TIME_PERIODTime period or range | time | Time period of the observation, filterable via startPeriod/endPeriod.Time dimension — filter with startPeriod / endPeriod query params. |
| OBS_VALUEObservation value | number | Numeric value of the observation for the given period and country.The observed numeric value for each cell. |
| TIME_FORMATTime format code | attribute | Code indicating the format used for the time period value.Code indicating the format used for the time period value. |
| BREAKS | attribute | Indicates any structural breaks in the time series.Indicates any structural breaks in the time series. |
| COLLECTIONCollection indicator | attribute | Indicator describing how the data were collected.Indicator describing how the data were collected. |
| COMPILING_ORGCompiling organisation | attribute | Organisation responsible for compiling the data.Organisation responsible for compiling the data. |
| DISS_ORGData dissemination organisation | attribute | Organisation responsible for disseminating the data.Organisation responsible for disseminating the data. |
| DOM_SER_IDSDomestic series ids | attribute | Identifiers of corresponding domestic data series.Identifiers of corresponding domestic data series. |
| FM_CONTRACT_TIMEContract month/expired date | attribute | Contract month or expiry date of the financial instrument.Contract month or expiry date of the financial instrument. |
| FM_COUPON_RATECoupon rate of the bond | attribute | Coupon rate of the underlying bond instrument.Coupon rate of the underlying bond instrument. |
| FM_IDENTIFIERFinancial instrument Identifier | attribute | Unique identifier of the financial instrument.Unique identifier of the financial instrument. |
| FM_LOT_SIZELot size units | attribute | Lot size, in units, of the financial instrument.Lot size, in units, of the financial instrument. |
| FM_MATURITYBond maturity | attribute | Maturity date of the underlying bond instrument.Maturity date of the underlying bond instrument. |
| FM_OUTS_AMOUNTOutstanding amount | attribute | Outstanding amount of the financial instrument.Outstanding amount of the financial instrument. |
| FM_PUT_CALLoptions type | attribute | Indicates whether the option is a put or call.Indicates whether the option is a put or call. |
| FM_STRIKE_PRICEStrike price of the options | attribute | Strike price of the option instrument.Strike price of the option instrument. |
| PUBL_MUSource publication (Euro area only) | attribute | Source publication reference for euro area data.Source publication reference for euro area data. |
| PUBL_PUBLICSource publication (public) | attribute | Source publication reference for publicly available data.Source publication reference for publicly available data. |
| UNIT_INDEX_BASE | attribute | Base period or value used for the index unit.Base period or value used for the index unit. |
| COMPILATION | attribute | Notes on the methodology used to compile the data.Notes on the methodology used to compile the data. |
| COVERAGE | attribute | Description of the scope or coverage of the data.Description of the scope or coverage of the data. |
| DECIMALS | attribute | Number of decimal places used in the observation value.Number of decimal places used in the observation value. |
Schema captured from sdmx 2 days ago.
Query the data
Pick columns and a sort, then fetch a live preview straight from the source. Choose an API-filterable column (marked ▾) under “Where” to pick from its list of values.
Sample data (5 records)
Record 1FREQ: M · OBS_COM: —
{
"FREQ": "M",
"OBS_COM": null,
"CURRENCY": "_Z",
"OBS_CONF": "F",
"REF_AREA": "AT",
"OBS_VALUE": 0.0479,
"OBS_STATUS": "A",
"PROVIDER_FM": "4F",
"TIME_PERIOD": "2026-08",
"DATA_TYPE_FM": "IDX",
"INSTRUMENT_FM": "EC",
"OBS_PRE_BREAK": null,
"PROVIDER_FM_ID": "CLIFS_CI"
}Record 2FREQ: M · OBS_COM: —
{
"FREQ": "M",
"OBS_COM": null,
"CURRENCY": "_Z",
"OBS_CONF": "F",
"REF_AREA": "BE",
"OBS_VALUE": 0.0634,
"OBS_STATUS": "A",
"PROVIDER_FM": "4F",
"TIME_PERIOD": "2026-08",
"DATA_TYPE_FM": "IDX",
"INSTRUMENT_FM": "EC",
"OBS_PRE_BREAK": null,
"PROVIDER_FM_ID": "CLIFS_CI"
}Record 3FREQ: M · OBS_COM: —
{
"FREQ": "M",
"OBS_COM": null,
"CURRENCY": "_Z",
"OBS_CONF": "F",
"REF_AREA": "BG",
"OBS_VALUE": 0.0803,
"OBS_STATUS": "A",
"PROVIDER_FM": "4F",
"TIME_PERIOD": "2026-08",
"DATA_TYPE_FM": "IDX",
"INSTRUMENT_FM": "EC",
"OBS_PRE_BREAK": null,
"PROVIDER_FM_ID": "CLIFS_CI"
}Record 4FREQ: M · OBS_COM: —
{
"FREQ": "M",
"OBS_COM": null,
"CURRENCY": "_Z",
"OBS_CONF": "F",
"REF_AREA": "CY",
"OBS_VALUE": 0.0427,
"OBS_STATUS": "A",
"PROVIDER_FM": "4F",
"TIME_PERIOD": "2026-08",
"DATA_TYPE_FM": "IDX",
"INSTRUMENT_FM": "EC",
"OBS_PRE_BREAK": null,
"PROVIDER_FM_ID": "CLIFS_CI"
}Record 5FREQ: M · OBS_COM: —
{
"FREQ": "M",
"OBS_COM": null,
"CURRENCY": "_Z",
"OBS_CONF": "F",
"REF_AREA": "CZ",
"OBS_VALUE": 0.0485,
"OBS_STATUS": "A",
"PROVIDER_FM": "4F",
"TIME_PERIOD": "2026-08",
"DATA_TYPE_FM": "IDX",
"INSTRUMENT_FM": "EC",
"OBS_PRE_BREAK": null,
"PROVIDER_FM_ID": "CLIFS_CI"
}Live sample captured at profiling time — values may have changed upstream.
Verification Status
Using the API
Query examples
curl -s 'https://data-api.ecb.europa.eu/service/dataflow/ECB' -H 'Accept: application/vnd.sdmx.structure+xml;version=2.1'All dataflows (datasets) published by this agency, as SDMX-ML.
Machine-readable & source
Embed this badge in a README or wiki — it always shows the latest verification state and quality tier.