Russia: Financial openness
* indicates monthly or quarterly data series
| Russia |
Financial openness index |
|---|---|
| Latest value | -1.248 |
| Year | 2022 |
| Measure | index points |
| Data availability | 1996 - 2022 |
| Average | -0.105 |
| Min - Max | -1.935 - 1.092 |
| 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 Russia from 1996 to 2022 is -0.105 index points. The minimum value, -1.935 index points, was reached in 1999 while the maximum of 1.092 index points was recorded in 2013.
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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 | 114.60 | 2023 | percent |
| Trade openness | 39.65 | 2024 | percent |
| Financial openness | -1.248 | 2022 | index points |
| Exports, percent of GDP | 21.92 | 2024 | percent |
| Exports, billion dollars | 466.24 | 2025 | billion U.S. dollars |
| Growth of exports | -13.89 | 2022 | percent |
| Imports, percent of GDP | 17.59 | 2024 | percent |
| Imports, billion dollars | 397.18 | 2025 | billion U.S. dollars |
| Foreign Direct Investment, percent of GDP | -0.43 | 2024 | percent |
| Foreign Direct Investment, billion dollars | -9.35 | 2024 | billion U.S. dollars |
| Portfolio investment inflows, equities | -2,454.79 | 2024 | million dollars (current) |
| Current account, percent of GDP | 2.88 | 2024 | percent |
| Current account, in dollars | 43.06 | 2025 | billion U.S. dollars |
| Current Account, quarterly | 8.79 | 9/2021 | percent |
| Trade balance, percent of GDP | 4.33 | 2024 | percent |
| Trade balance, in dollars | 93.68 | 2024 | billion U.S. dollars |
| Reserves | 608.36 | 2024 | billion U.S. dollars |
| Remittances, percent of GDP | 0.09 | 2024 | percent |
| Remittances | 1,907.83 | 2024 | million U.S. dollars |
| Net errors and omissions | -10,148.96 | 2024 | million USD |
| External debt | 13.33 | 2024 | percent |
| Short-term external debt | 39.85 | 2024 | percent |
| Short-term debt to reserves | 14.04 | 2023 | percent |
| External debt in foreign currencies | 63.35 | 2024 | percent |