Namibia: Financial openness
* indicates monthly or quarterly data series
| Namibia |
Financial openness index |
|---|---|
| Latest value | -1.248 |
| Year | 2022 |
| Measure | index points |
| Data availability | 1994 - 2022 |
| Average | -1.272 |
| Min - Max | -1.935 - -1.248 |
| 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 Namibia from 1994 to 2022 is -1.272 index points. The minimum value, -1.935 index points, was reached in 1994 while the maximum of -1.248 index points was recorded in 1995.
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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 | 107.40 | 2024 | percent |
| Trade openness | 108.58 | 2025 | percent |
| Financial openness | -1.248 | 2022 | index points |
| Exports, percent of GDP | 44.68 | 2025 | percent |
| Exports, billion dollars | 6.74 | 2025 | billion U.S. dollars |
| Growth of exports | 11.81 | 2025 | percent |
| Imports, percent of GDP | 63.90 | 2025 | percent |
| Imports, billion dollars | 9.64 | 2025 | billion U.S. dollars |
| Foreign Direct Investment, percent of GDP | 14.18 | 2024 | percent |
| Foreign Direct Investment, billion dollars | 1.93 | 2024 | billion U.S. dollars |
| Portfolio investment inflows, equities | 3.35 | 2024 | million dollars (current) |
| Current account, percent of GDP | -13.41 | 2024 | percent |
| Current account, in dollars | -1.83 | 2024 | billion U.S. dollars |
| Trade balance, percent of GDP | -19.23 | 2025 | percent |
| Trade balance, in dollars | -3.28 | 2024 | billion U.S. dollars |
| Reserves | 3.10 | 2025 | billion U.S. dollars |
| Remittances, percent of GDP | 0.72 | 2024 | percent |
| Remittances | 96.50 | 2024 | million U.S. dollars |
| Net errors and omissions | -80.84 | 2024 | million USD |
| External debt | 74.25 | 2024 | percent |
| Short-term external debt | 13.32 | 2024 | percent |
| Short-term debt to reserves | 39.42 | 2024 | percent |
| External debt in foreign currencies | 100.00 | 2024 | percent |