Algeria: Financial openness
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Algeria |
Financial openness index |
---|---|
Latest value | -1.242 |
Year | 2021 |
Measure | index points |
Data availability | 1970 - 2021 |
Average | -1.467 |
Min - Max | -1.931 - -1.242 |
Source | Chinn-Ito Index |
The latest value from 2021 is -1.242 index points, unchanged from -1.242 index points in 2020. In comparison, the world average is 0.322 index points, based on data from 176 countries. Historically, the average for Algeria from 1970 to 2021 is -1.467 index points. The minimum value, -1.931 index points, was reached in 1970 while the maximum of -1.242 index points was recorded in 1971.
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Definition: The Chinn-Ito index measures a country's degree of capital account openness and was introduced in Chinn and Ito (Journal of Development Economics, 2006). It is based on variables that codify the restrictions on cross-border financial transactions in the IMF's Annual Report on Exchange Arrangements and Exchange Restrictions. Higher values mean greater financial openness.
Selected articles from our guide:
What factors determine the exchange rates
International lending and sovereign debt
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Related indicators | Latest | Reference | Measure |
---|---|---|---|
Terms of trade | 115.77 | 2021 | percent |
Trade openness | 46.20 | 2023 | percent |
Financial openness | -1.242 | 2021 | index points |
Exports, percent of GDP | 25.17 | 2023 | percent |
Exports, billion dollars | 60.38 | 2023 | billion U.S. dollars |
Growth of exports | 3.10 | 2023 | percent |
Imports, percent of GDP | 21.03 | 2023 | percent |
Imports, billion dollars | 50.45 | 2023 | billion U.S. dollars |
Foreign Direct Investment, percent of GDP | 0.51 | 2023 | percent |
Foreign Direct Investment, billion dollars | 0.08 | 2022 | billion U.S. dollars |
Portfolio investment inflows, equities | 0.00 | 2013 | million dollars (current) |
Current account, percent of GDP | 2.30 | 2023 | percent |
Current account, in dollars | 5.42 | 2023 | billion U.S. dollars |
Trade balance, percent of GDP | 4.14 | 2023 | percent |
Trade balance, in dollars | 7.30 | 2023 | billion U.S. dollars |
Reserves | 81.22 | 2023 | billion U.S. dollars |
Remittances, percent of GDP | 0.74 | 2023 | percent |
Remittances | 1,770.00 | 2023 | million U.S. dollars |
Net errors and omissions | 8.76 | 2023 | million USD |
External debt | 3.73 | 2022 | percent |
Short-term external debt | 24.47 | 2022 | percent |
Short-term debt to reserves | 2.43 | 2022 | percent |
Foreign exchange reserves | 5,948.30 | 12/2021 | billion |