Egypt: Financial openness
* indicates monthly or quarterly data series
| Egypt |
Financial openness index |
|---|---|
| Latest value | -0.171 |
| Year | 2022 |
| Measure | index points |
| Data availability | 1970 - 2022 |
| Average | -0.486 |
| Min - Max | -1.935 - 2.290 |
| Source | Chinn-Ito Index |
The latest value from 2022 is -0.171 index points, unchanged from -0.171 index points in 2021. In comparison, the world average is 0.307 index points, based on data from 174 countries. Historically, the average for Egypt from 1970 to 2022 is -0.486 index points. The minimum value, -1.935 index points, was reached in 1970 while the maximum of 2.29 index points was recorded in 2001.
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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 | 110.20 | 2023 | percent |
| Trade openness | 39.60 | 2024 | percent |
| Financial openness | -0.171 | 2022 | index points |
| Exports, percent of GDP | 16.38 | 2024 | percent |
| Exports, billion dollars | 63.71 | 2024 | billion U.S. dollars |
| Growth of exports | -10.62 | 2024 | percent |
| Imports, percent of GDP | 23.22 | 2024 | percent |
| Imports, billion dollars | 90.36 | 2024 | billion U.S. dollars |
| Foreign Direct Investment, percent of GDP | 2.49 | 2023 | percent |
| Foreign Direct Investment, billion dollars | 46.58 | 2024 | billion U.S. dollars |
| Portfolio investment inflows, equities | -269.10 | 2024 | million dollars (current) |
| Current account, percent of GDP | -1.20 | 2023 | percent |
| Current account, in dollars | -22.26 | 2024 | billion U.S. dollars |
| Trade balance, percent of GDP | -6.85 | 2024 | percent |
| Trade balance, in dollars | -36.00 | 2024 | billion U.S. dollars |
| Reserves | 44.92 | 2024 | billion U.S. dollars |
| Remittances, percent of GDP | 6.11 | 2023 | percent |
| Remittances | 19,532.10 | 2023 | million U.S. dollars |
| Net errors and omissions | -2,074.73 | 2023 | million USD |
| External debt | 44.38 | 2023 | percent |
| Short-term external debt | 17.54 | 2023 | percent |
| Short-term debt to reserves | 89.15 | 2023 | percent |