Bangladesh: Financial openness
* indicates monthly or quarterly data series
| Bangladesh |
Financial openness index |
|---|---|
| Latest value | -1.248 |
| Year | 2022 |
| Measure | index points |
| Data availability | 1976 - 2022 |
| Average | -1.436 |
| Min - Max | -1.935 - -0.171 |
| Source | Chinn-Ito Index |
The latest value from 2022 is -1.248 index points, unchanged from -1.248 index points in 2021. In comparison, the world average is 0.307 index points, based on data from 174 countries. Historically, the average for Bangladesh from 1976 to 2022 is -1.436 index points. The minimum value, -1.935 index points, was reached in 1976 while the maximum of -0.171 index points was recorded in 1994.
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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.
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| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Terms of trade | 80.90 | 2023 | percent |
| Trade openness | 26.78 | 2024 | percent |
| Financial openness | -1.248 | 2022 | index points |
| Exports, percent of GDP | 10.46 | 2024 | percent |
| Exports, billion dollars | 47.09 | 2024 | billion U.S. dollars |
| Growth of exports | -17.13 | 2024 | percent |
| Imports, percent of GDP | 16.32 | 2024 | percent |
| Imports, billion dollars | 73.45 | 2024 | billion U.S. dollars |
| Foreign Direct Investment, percent of GDP | 0.33 | 2024 | percent |
| Foreign Direct Investment, billion dollars | 1.51 | 2024 | billion U.S. dollars |
| Portfolio investment inflows, equities | -56.05 | 2024 | million dollars (current) |
| Current account, percent of GDP | 0.32 | 2024 | percent |
| Current account, in dollars | 1.87 | 2024 | billion U.S. dollars |
| Trade balance, percent of GDP | -5.86 | 2024 | percent |
| Reserves | 21.39 | 2024 | billion U.S. dollars |
| Remittances, percent of GDP | 5.26 | 2023 | percent |
| Remittances | 27,122.36 | 2024 | million U.S. dollars |
| Net errors and omissions | -3,361.67 | 2024 | million USD |
| External debt | 23.54 | 2024 | percent |
| Short-term external debt | 13.29 | 2024 | percent |
| Short-term debt to reserves | 65.86 | 2024 | percent |