Paraguay: Financial openness
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Paraguay |
Financial openness index |
---|---|
Latest value | -0.042 |
Year | 2021 |
Measure | index points |
Data availability | 1970 - 2021 |
Average | -0.371 |
Min - Max | -1.931 - 1.224 |
Source | Chinn-Ito Index |
The latest value from 2021 is -0.042 index points, unchanged from -0.042 index points in 2020. In comparison, the world average is 0.322 index points, based on data from 176 countries. Historically, the average for Paraguay from 1970 to 2021 is -0.371 index points. The minimum value, -1.931 index points, was reached in 1973 while the maximum of 1.224 index points was recorded in 2000.
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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.
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 | 145.93 | 2021 | percent |
Trade openness | 82.99 | 2023 | percent |
Financial openness | -0.042 | 2021 | index points |
Exports, percent of GDP | 42.55 | 2023 | percent |
Exports, billion dollars | 18.28 | 2023 | billion U.S. dollars |
Growth of exports | 36.70 | 2023 | percent |
Imports, percent of GDP | 40.44 | 2023 | percent |
Imports, billion dollars | 17.37 | 2023 | billion U.S. dollars |
Foreign Direct Investment, percent of GDP | 0.56 | 2023 | percent |
Foreign Direct Investment, billion dollars | 0.67 | 2022 | billion U.S. dollars |
Portfolio investment inflows, equities | 0.00 | 2023 | million dollars (current) |
Current account, percent of GDP | -7.14 | 2022 | percent |
Current account, in dollars | 0.11 | 2023 | billion U.S. dollars |
Trade balance, percent of GDP | 2.11 | 2023 | percent |
Trade balance, in dollars | 0.80 | 2023 | billion U.S. dollars |
Reserves | 9.89 | 2023 | billion U.S. dollars |
Remittances, percent of GDP | 1.40 | 2023 | percent |
Remittances | 600.00 | 2023 | million U.S. dollars |
Net errors and omissions | -887.28 | 2023 | million USD |
External debt | 60.44 | 2022 | percent |
Short-term external debt | 9.45 | 2022 | percent |
Short-term debt to reserves | 24.33 | 2022 | percent |
Foreign exchange reserves | 9.87 | 9/2024 | billion |