Bangladesh: Financial openness
* indicates monthly or quarterly data series
| Bangladesh |
Financial openness index |
|---|---|
| Latest value | -1.242 |
| Year | 2021 |
| Measure | index points |
| Data availability | 1976 - 2021 |
| Average | -1.435 |
| Min - Max | -1.931 - -0.166 |
| 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 Bangladesh from 1976 to 2021 is -1.435 index points. The minimum value, -1.931 index points, was reached in 1976 while the maximum of -0.166 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 | 82.86 | 2021 | percent |
| Trade openness | 30.98 | 2023 | percent |
| Financial openness | -1.242 | 2021 | index points |
| Exports, percent of GDP | 13.16 | 2023 | percent |
| Exports, billion dollars | 57.55 | 2023 | billion U.S. dollars |
| Growth of exports | 8.03 | 2023 | percent |
| Imports, percent of GDP | 17.83 | 2023 | percent |
| Imports, billion dollars | 77.97 | 2023 | billion U.S. dollars |
| Foreign Direct Investment, percent of GDP | 0.32 | 2023 | percent |
| Foreign Direct Investment, billion dollars | 1.39 | 2023 | billion U.S. dollars |
| Portfolio investment inflows, equities | -133.82 | 2023 | million dollars (current) |
| Current account, percent of GDP | -1.50 | 2023 | percent |
| Current account, in dollars | 4.39 | 2023 | billion U.S. dollars |
| Trade balance, percent of GDP | -4.67 | 2023 | percent |
| Trade balance, in dollars | -14.29 | 2023 | billion U.S. dollars |
| Reserves | 21.86 | 2023 | billion U.S. dollars |
| Remittances, percent of GDP | 5.26 | 2023 | percent |
| Remittances | 23,000.00 | 2023 | million U.S. dollars |
| Net errors and omissions | -1,532.22 | 2023 | million USD |
| External debt | 20.28 | 2022 | percent |
| Short-term external debt | 14.03 | 2023 | percent |
| Short-term debt to reserves | 65.10 | 2023 | percent |
| Foreign exchange reserves | 25.51 | 3/2025 | billion |