Georgia: Financial openness

* indicates monthly or quarterly data series
 Georgia

Financial openness index

 Latest value 2.299
 Year 2021
 Measure index points
 Data availability 1996 - 2021
 Average 1.342
 Min - Max -0.666 - 2.299
 Source Chinn-Ito Index
For that indicator, we provide data for Georgia from 1996 to 2021. The average value for Georgia during that period was 1.342 index points with a minimum of -0.666 index points in 2010 and a maximum of 2.299 index points in 2013. The latest value from 2021 is 2.299 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.
Select indicator
* indicates monthly or quarterly data series


Recent values chart
Georgia - Financial openness  - Recent values chart

Historical chart
Georgia - Financial openness  - historical chart - 1996-2021




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 104.94 2021 percent
 Trade openness 115.64 2022 percent
 Financial openness 2.299 2021 index points
 Exports, percent of GDP 52.91 2022 percent
 Exports, billion dollars 13.11 2022 billion U.S. dollars
 Growth of exports 38.80 2022 percent
 Imports, percent of GDP 62.73 2022 percent
 Imports, billion dollars 15.54 2022 billion U.S. dollars
 Foreign Direct Investment, percent of GDP 8.60 2022 percent
 Foreign Direct Investment, billion dollars 2.03 2022 billion U.S. dollars
 Portfolio investment inflows, equities 2.29 2022 million dollars (current)
 Current account, percent of GDP -5.10 2019 percent
 Current account, in dollars -1.12 2022 billion U.S. dollars
 Trade balance, percent of GDP -9.82 2022 percent
 Trade balance, in dollars -2.43 2022 billion U.S. dollars
 Reserves 4.89 2022 billion U.S. dollars
 Remittances, percent of GDP 15.55 2022 percent
 Remittances 3,853.69 2022 million U.S. dollars
 Net errors and omissions -24.49 2022 million USD
 External debt 104.07 2022 percent
 Short-term external debt 15.88 2022 percent
 Short-term debt to reserves 77.95 2022 percent
 Foreign exchange reserves 5.27 9/2023 billion
This site uses cookies.
Learn more here


OK