Libya: Financial openness
* indicates monthly or quarterly data series
| Libya |
Financial openness index |
|---|---|
| Latest value | -1.248 |
| Year | 2022 |
| Measure | index points |
| Data availability | 1970 - 2022 |
| Average | -1.166 |
| Min - Max | -1.935 - -0.171 |
| Source | Chinn-Ito Index |
The latest value from 2022 is -1.248 index points, unchanged from -1.248 index points in 2021. In comparison, the world average is 0.307 index points, based on data from 174 countries. Historically, the average for Libya from 1970 to 2022 is -1.166 index points. The minimum value, -1.935 index points, was reached in 1999 while the maximum of -0.171 index points was recorded in 1977.
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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.
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| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Terms of trade | 119.30 | 2024 | percent |
| Trade openness | 137.66 | 2025 | percent |
| Financial openness | -1.248 | 2022 | index points |
| Exports, percent of GDP | 71.71 | 2025 | percent |
| Exports, billion dollars | 34.49 | 2025 | billion U.S. dollars |
| Growth of exports | 19.14 | 2025 | percent |
| Imports, percent of GDP | 65.95 | 2025 | percent |
| Imports, billion dollars | 31.72 | 2025 | billion U.S. dollars |
| Foreign Direct Investment, percent of GDP | 1.81 | 2023 | percent |
| Foreign Direct Investment, billion dollars | 0.79 | 2023 | billion U.S. dollars |
| Portfolio investment inflows, equities | 0.00 | 1994 | million dollars (current) |
| Current account, percent of GDP | 4.24 | 2023 | percent |
| Current account, in dollars | 1.86 | 2023 | billion U.S. dollars |
| Trade balance, percent of GDP | 5.77 | 2025 | percent |
| Trade balance, in dollars | 4.47 | 2023 | billion U.S. dollars |
| Reserves | 104.66 | 2025 | billion U.S. dollars |
| Remittances, percent of GDP | 0.03 | 2006 | percent |
| Remittances | 16.00 | 2006 | million U.S. dollars |
| Net errors and omissions | 711.10 | 2023 | million USD |