Guinea: Financial openness

* indicates monthly or quarterly data series

Financial openness index

 Latest value -1.931
 Year 2021
 Measure index points
 Data availability 1970 - 2021
 Average -1.481
 Min - Max -1.931 - -1.242
 Source Chinn-Ito Index
For that indicator, we provide data for Guinea from 1970 to 2021. The average value for Guinea during that period was -1.481 index points with a minimum of -1.931 index points in 2003 and a maximum of -1.242 index points in 1970. 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
Guinea - Financial openness  - Recent values chart

Historical chart
Guinea - Financial openness  - historical chart - 1970-2021

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 134.84 2021 percent
 Trade openness 107.48 2022 percent
 Financial openness -1.931 2021 index points
 Exports, percent of GDP 43.67 2022 percent
 Exports, billion dollars 9.17 2022 billion U.S. dollars
 Growth of exports -2.66 2022 percent
 Imports, percent of GDP 63.81 2022 percent
 Imports, billion dollars 13.40 2022 billion U.S. dollars
 Foreign Direct Investment, percent of GDP 3.13 2022 percent
 Foreign Direct Investment, billion dollars 0.66 2022 billion U.S. dollars
 Portfolio investment inflows, equities 1.58 2022 million dollars (current)
 Current account, percent of GDP -7.40 2022 percent
 Current account, in dollars 3.35 2022 billion U.S. dollars
 Trade balance, percent of GDP -20.14 2022 percent
 Trade balance, in dollars 3.15 2022 billion U.S. dollars
 Reserves 1.50 2020 billion U.S. dollars
 Remittances, percent of GDP 2.51 2022 percent
 Remittances 527.28 2022 million U.S. dollars
 Net errors and omissions 0.06 2022 million USD
 External debt 26.07 2022 percent
 Short-term external debt 5.15 2022 percent
 Short-term debt to reserves 10.00 2020 percent
 Foreign exchange reserves 5.94 9/2022 billion
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