Mongolia: Financial openness

* indicates monthly or quarterly data series
 Mongolia

Financial openness index

 Latest value 1.610
 Year 2021
 Measure index points
 Data availability 1995 - 2021
 Average 1.180
 Min - Max -1.242 - 1.610
 Source Chinn-Ito Index
The latest value from 2021 is 1.61 index points, unchanged from 1.61 index points in 2020. In comparison, the world average is 0.322 index points, based on data from 176 countries. Historically, the average for Mongolia from 1995 to 2021 is 1.18 index points. The minimum value, -1.242 index points, was reached in 1995 while the maximum of 1.61 index points was recorded in 2012. 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 data
Mongolia - Financial openness  - Recent values chart

Historical series
Mongolia - Financial openness  - historical chart - 1995-2021




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 147.70 2021 percent
 Trade openness 142.86 2023 percent
 Financial openness 1.610 2021 index points
 Exports, percent of GDP 78.01 2023 percent
 Exports, billion dollars 15.50 2023 billion U.S. dollars
 Growth of exports 42.93 2023 percent
 Imports, percent of GDP 69.23 2023 percent
 Imports, billion dollars 13.54 2023 billion U.S. dollars
 Foreign Direct Investment, percent of GDP 11.31 2023 percent
 Foreign Direct Investment, billion dollars 2.25 2023 billion U.S. dollars
 Portfolio investment inflows, equities 12.73 2023 million dollars (current)
 Current account, percent of GDP -19.50 2022 percent
 Current account, in dollars 0.12 2023 billion U.S. dollars
 Trade balance, percent of GDP 8.79 2023 percent
 Trade balance, in dollars 1.96 2023 billion U.S. dollars
 Reserves 4.78 2023 billion U.S. dollars
 Remittances, percent of GDP 2.21 2023 percent
 Remittances 440.00 2023 million U.S. dollars
 Net errors and omissions -275.73 2023 million USD
 External debt 224.08 2022 percent
 Short-term external debt 5.57 2023 percent
 Short-term debt to reserves 39.98 2023 percent
 Foreign exchange reserves 5.51 12/2024 billion
This site uses cookies.
Learn more here


OK