Barbados: Financial openness

* indicates monthly or quarterly data series
 Barbados

Financial openness index

 Latest value -1.242
 Year 2021
 Measure index points
 Data availability 1974 - 2021
 Average -1.175
 Min - Max -1.242 - -0.166
 Source Chinn-Ito Index
For that indicator, we provide data for Barbados from 1974 to 2021. The average value for Barbados during that period was -1.175 index points with a minimum of -1.242 index points in 1974 and a maximum of -0.166 index points in 1993. The latest value from 2021 is -1.242 index points. For comparison, the world average in 2021 based on 176 countries is 0.322 index points. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent values chart
Barbados - Financial openness  - Recent values chart

Historical chart
Barbados - Financial openness  - historical chart - 1974-2021




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.


 Related indicators Latest value Reference Measure
 Terms of trade 92.62 2021 percent
 Trade openness 78.35 2022 percent
 Financial openness -1.242 2021 index points
 Exports, percent of GDP 35.13 2022 percent
 Exports, billion dollars 2.00 2022 billion U.S. dollars
 Imports, percent of GDP 43.22 2022 percent
 Imports, billion dollars 2.46 2022 billion U.S. dollars
 Foreign Direct Investment, percent of GDP 3.51 2022 percent
 Foreign Direct Investment, billion dollars 0.20 2022 billion U.S. dollars
 Portfolio investment inflows, equities 2.58 2017 million dollars (current)
 Current account, percent of GDP -11.10 2022 percent
 Current account, in dollars -0.30 2017 billion U.S. dollars
 Trade balance, percent of GDP -8.09 2022 percent
 Trade balance, in dollars 0.02 2017 billion U.S. dollars
 Reserves 1.52 2022 billion U.S. dollars
 Remittances, percent of GDP 1.49 2022 percent
 Remittances 85.18 2022 million U.S. dollars
 Net errors and omissions -132.48 2017 million USD
 Foreign exchange reserves 2.83 9/2023 billion
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