
Angola: Financial openness
* indicates monthly or quarterly data series
Angola |
Financial openness index |
---|---|
Latest value | -1.931 |
Year | 2021 |
Measure | index points |
Data availability | 1993 - 2021 |
Average | -1.670 |
Min - Max | -1.931 - -1.242 |
Source | Chinn-Ito Index |
The latest value from 2021 is -1.931 index points, unchanged from -1.931 index points in 2020. In comparison, the world average is 0.322 index points, based on data from 176 countries. Historically, the average for Angola from 1993 to 2021 is -1.67 index points. The minimum value, -1.931 index points, was reached in 1993 while the maximum of -1.242 index points was recorded in 1996.
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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
All articles
Related indicators | Latest | Reference | Measure |
---|---|---|---|
Terms of trade | 111.81 | 2021 | percent |
Trade openness | 67.04 | 2023 | percent |
Financial openness | -1.931 | 2021 | index points |
Exports, percent of GDP | 39.87 | 2023 | percent |
Exports, billion dollars | 34.66 | 2023 | billion U.S. dollars |
Growth of exports | -2.42 | 2023 | percent |
Imports, percent of GDP | 26.66 | 2023 | percent |
Imports, billion dollars | 22.21 | 2023 | billion U.S. dollars |
Foreign Direct Investment, percent of GDP | -2.50 | 2023 | percent |
Foreign Direct Investment, billion dollars | -2.12 | 2023 | billion U.S. dollars |
Portfolio investment inflows, equities | 0.00 | 2023 | million dollars (current) |
Current account, percent of GDP | 3.90 | 2023 | percent |
Current account, in dollars | 4.18 | 2023 | billion U.S. dollars |
Trade balance, percent of GDP | 13.21 | 2023 | percent |
Trade balance, in dollars | 13.27 | 2023 | billion U.S. dollars |
Reserves | 13.94 | 2023 | billion U.S. dollars |
Remittances, percent of GDP | 0.01 | 2023 | percent |
Remittances | 12.07 | 2023 | million U.S. dollars |
Net errors and omissions | 1,320.46 | 2023 | million USD |
External debt | 60.88 | 2022 | percent |
Short-term external debt | 8.65 | 2023 | percent |
Short-term debt to reserves | 35.37 | 2023 | percent |
Foreign exchange reserves | 14,237.21 | 12/2024 | billion |