Ethiopia: Financial openness
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Ethiopia |
Financial openness index |
---|---|
Latest value | -1.242 |
Year | 2021 |
Measure | index points |
Data availability | 1970 - 2021 |
Average | -1.269 |
Min - Max | -1.931 - -1.242 |
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 Ethiopia from 1970 to 2021 is -1.269 index points. The minimum value, -1.931 index points, was reached in 1993 while the maximum of -1.242 index points was recorded in 1970.
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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.
Selected articles from our guide:
What factors determine the exchange rates
International lending and sovereign debt
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Related indicators | Latest | Reference | Measure |
---|---|---|---|
Terms of trade | 104.64 | 2021 | percent |
Trade openness | 20.59 | 2023 | percent |
Financial openness | -1.242 | 2021 | index points |
Exports, percent of GDP | 6.59 | 2023 | percent |
Exports, billion dollars | 10.79 | 2023 | billion U.S. dollars |
Growth of exports | -0.75 | 2023 | percent |
Imports, percent of GDP | 13.99 | 2023 | percent |
Imports, billion dollars | 22.91 | 2023 | billion U.S. dollars |
Foreign Direct Investment, percent of GDP | 1.99 | 2023 | percent |
Foreign Direct Investment, billion dollars | 3.67 | 2022 | billion U.S. dollars |
Portfolio investment inflows, equities | 0.00 | 2009 | million dollars (current) |
Current account, percent of GDP | -4.00 | 2022 | percent |
Current account, in dollars | -4.79 | 2023 | billion U.S. dollars |
Trade balance, percent of GDP | -7.40 | 2023 | percent |
Trade balance, in dollars | -12.09 | 2023 | billion U.S. dollars |
Reserves | 3.05 | 2020 | billion U.S. dollars |
Remittances, percent of GDP | 0.36 | 2023 | percent |
Remittances | 591.95 | 2023 | million U.S. dollars |
Net errors and omissions | -196.29 | 2023 | million USD |
External debt | 22.67 | 2022 | percent |
Short-term external debt | 1.18 | 2022 | percent |
Short-term debt to reserves | 13.40 | 2020 | percent |
Foreign exchange reserves | 113.50 | Q4/2023 | billion |