Benin: Financial openness
* indicates monthly or quarterly data series
| Benin |
Financial openness index |
|---|---|
| Latest value | -1.248 |
| Year | 2022 |
| Measure | index points |
| Data availability | 1979 - 2022 |
| Average | -0.832 |
| Min - Max | -1.248 - -0.171 |
| Source | Chinn-Ito Index |
| Available for | Data download |
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 Benin from 1979 to 2022 is -0.832 index points. The minimum value, -1.248 index points, was reached in 1996 while the maximum of -0.171 index points was recorded in 1979.
See the global rankings for that indicator or
use the country comparator to compare trends over time.
Select indicator
* indicates monthly or quarterly data series
| Recent values | Benin: Financial openness |
|---|---|
| 2022 | -1.248 |
| 2021 | -1.248 |
| 2020 | -1.248 |
| 2019 | -1.248 |
| 2018 | -1.248 |
| 2017 | -1.248 |
| 2016 | -1.248 |
| 2015 | -1.248 |
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.
Other resources:
Download data from our database
All indicators for Benin
All indicators on the website
Article: Are trade deficits bad for the economy?
Article: Sources of economic growth
Article: Currency values and investment returns
All articles
| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Terms of trade | 103.00 | 2024 | percent |
| Trade openness | 37.12 | 2025 | percent |
| Financial openness | -1.248 | 2022 | index points |
| Exports, percent of GDP | 17.05 | 2025 | percent |
| Exports, billion dollars | 4.19 | 2025 | billion U.S. dollars |
| Growth of exports | -0.62 | 2025 | percent |
| Imports, percent of GDP | 20.06 | 2025 | percent |
| Imports, billion dollars | 4.93 | 2025 | billion U.S. dollars |
| Foreign Direct Investment, percent of GDP | 2.53 | 2024 | percent |
| Foreign Direct Investment, billion dollars | 0.48 | 2025 | billion U.S. dollars |
| Current account, percent of GDP | -8.18 | 2023 | percent |
| Current account, in dollars | -1.61 | 2023 | billion U.S. dollars |
| Trade balance, percent of GDP | -3.01 | 2025 | percent |
| Trade balance, in dollars | -1.68 | 2023 | billion U.S. dollars |
| Remittances, percent of GDP | 1.72 | 2023 | percent |
| Remittances | 338.54 | 2023 | million U.S. dollars |
| Net errors and omissions | 3.83 | 2023 | million USD |
| External debt | 63.43 | 2023 | percent |
| Short-term external debt | 15.08 | 2023 | percent |