Eritrea: Financial openness

* indicates monthly or quarterly data series
 Eritrea

Financial openness index

 Latest value -1.931
 Year 2021
 Measure index points
 Data availability 1998 - 2021
 Average -1.583
 Min - Max -1.931 - -0.166
 Source Chinn-Ito Index
For that indicator, we provide data for Eritrea from 1998 to 2021. The average value for Eritrea during that period was -1.583 index points with a minimum of -1.931 index points in 2003 and a maximum of -0.166 index points in 1999. The latest value from 2021 is -1.931 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
Eritrea - Financial openness  - Recent values chart

Historical chart
Eritrea - Financial openness  - historical chart - 1998-2021




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 106.48 2021 percent
 Trade openness 47.39 2011 percent
 Financial openness -1.931 2021 index points
 Exports, percent of GDP 18.15 2011 percent
 Exports, billion dollars 0.37 2011 billion U.S. dollars
 Growth of exports 575.74 2011 percent
 Imports, percent of GDP 29.24 2011 percent
 Imports, billion dollars 0.60 2011 billion U.S. dollars
 Foreign Direct Investment, percent of GDP 1.89 2011 percent
 Foreign Direct Investment, billion dollars -0.03 2022 billion U.S. dollars
 Current account, percent of GDP 12.20 2022 percent
 Current account, in dollars -0.10 2000 billion U.S. dollars
 Trade balance, percent of GDP -11.08 2011 percent
 Trade balance, in dollars -0.40 2000 billion U.S. dollars
 Reserves 0.19 2019 billion U.S. dollars
 Remittances, percent of GDP 0.47 2000 percent
 Remittances 3.28 2000 million U.S. dollars
 Net errors and omissions -22.87 2000 million USD
 External debt 51.48 2011 percent
 Short-term external debt 5.63 2022 percent
 Short-term debt to reserves 17.05 2019 percent
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