Saint Lucia: Financial openness
* indicates monthly or quarterly data series
| Saint Lucia |
Financial openness index |
|---|---|
| Latest value | -0.050 |
| Year | 2022 |
| Measure | index points |
| Data availability | 1983 - 2022 |
| Average | -0.380 |
| Min - Max | -1.248 - -0.050 |
| Source | Chinn-Ito Index |
The latest value from 2022 is -0.05 index points, unchanged from -0.05 index points in 2021. In comparison, the world average is 0.307 index points, based on data from 174 countries. Historically, the average for Saint Lucia from 1983 to 2022 is -0.38 index points. The minimum value, -1.248 index points, was reached in 1983 while the maximum of -0.05 index points was recorded in 1999.
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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 | 92.90 | 2023 | percent |
| Financial openness | -0.050 | 2022 | index points |
| Foreign Direct Investment, percent of GDP | 7.04 | 2024 | percent |
| Foreign Direct Investment, billion dollars | 0.18 | 2024 | billion U.S. dollars |
| Portfolio investment inflows, equities | 0.65 | 2024 | million dollars (current) |
| Current account, percent of GDP | -2.86 | 2022 | percent |
| Trade balance, in dollars | 0.15 | 2024 | billion U.S. dollars |
| Reserves | 0.41 | 2024 | billion U.S. dollars |
| Remittances, percent of GDP | 2.50 | 2023 | percent |
| Remittances | 64.96 | 2024 | million U.S. dollars |
| Net errors and omissions | -18.41 | 2024 | million USD |
| External debt | 49.05 | 2023 | percent |
| Short-term external debt | 7.40 | 2023 | percent |
| Short-term debt to reserves | 18.94 | 2023 | percent |