Subject The article addresses the financial viability of member States of the Shanghai Cooperation Organization. Objectives The study aims to perform a factor analysis of trends in the financial soundness of member States of the Shanghai Cooperation Organization, including the estimation of growth rates of a set of interdependent indicators, with subsequent polynomial approximation. Methods The study draws on fundamental premises of the theory and practice of factor analysis, financial and economic laws, results of scientific research in the field of equilibrium and non-equilibrium country development of the global economy and world order. Results We reveal countries with high and low growth rates of a set of interdependent indicators, and also with high and low instability in absolute magnitudes. The findings may be used in the process of formation and updating the foreign trade policy with member States of the Shanghai Cooperation Organization, and for improving the implementation mechanism. Conclusions We conclude that the following countries have high growth rates for 2006–2016: Tajikistan (bank liquid reserves to assets), Kyrgyzstan (broad money supply, inflation, consumer prices), Kazakhstan (exchange rate), Uzbekistan (deflator index), Russia (interest rate on loans in the private sector), China (listed domestic companies); and high absolute amplitude values of instability: Kazakhstan (bank liquid reserves to assets), Tajikistan (broad money supply), India (exchange rate), Russia (deflator index, listed domestic companies), China (inflation, consumer prices), Kyrgyzstan (interest rate on loans in the private sector).
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