Jamaica: Financial openness

* indicates monthly or quarterly data series
 Jamaica

Financial openness index

 Latest value -1.242
 Year 2021
 Measure index points
 Data availability 1970 - 2021
 Average 0.114
 Min - Max -1.931 - 2.299
 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 Jamaica from 1970 to 2021 is 0.114 index points. The minimum value, -1.931 index points, was reached in 1977 while the maximum of 2.299 index points was recorded in 2000. 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 data
Jamaica - Financial openness  - Recent values chart

Historical series
Jamaica - 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.

Selected articles from our guide:

What factors determine the exchange rates

International lending and sovereign debt

All articles



 Related indicators Latest Reference Measure
 Terms of trade 102.48 2021 percent
 Trade openness 90.11 2019 percent
 Financial openness -1.242 2021 index points
 Exports, percent of GDP 38.04 2019 percent
 Exports, billion dollars 6.02 2019 billion U.S. dollars
 Growth of exports 3.63 2019 percent
 Imports, percent of GDP 52.07 2019 percent
 Imports, billion dollars 8.24 2019 billion U.S. dollars
 Foreign Direct Investment, percent of GDP 1.94 2023 percent
 Foreign Direct Investment, billion dollars 0.32 2022 billion U.S. dollars
 Portfolio investment inflows, equities -32.69 2022 million dollars (current)
 Current account, percent of GDP 2.95 2023 percent
 Current account, in dollars -0.13 2022 billion U.S. dollars
 Trade balance, percent of GDP -14.04 2019 percent
 Trade balance, in dollars -3.30 2022 billion U.S. dollars
 Reserves 4.87 2023 billion U.S. dollars
 Remittances, percent of GDP 19.10 2023 percent
 Remittances 3,709.09 2023 million U.S. dollars
 Net errors and omissions -398.01 2022 million USD
 External debt 104.83 2022 percent
 Short-term external debt 12.69 2022 percent
 Short-term debt to reserves 49.28 2022 percent
 Foreign exchange reserves 5.27 9/2024 billion
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