Syria: Financial openness
* indicates monthly or quarterly data series
| Syria |
Financial openness index |
|---|---|
| Latest value | -1.935 |
| Year | 2022 |
| Measure | index points |
| Data availability | 1970 - 2022 |
| Average | -1.896 |
| Min - Max | -1.935 - -1.248 |
| Source | Chinn-Ito Index |
The latest value from 2022 is -1.935 index points, unchanged from -1.935 index points in 2021. In comparison, the world average is 0.307 index points, based on data from 174 countries. Historically, the average for Syria from 1970 to 2022 is -1.896 index points. The minimum value, -1.935 index points, was reached in 1970 while the maximum of -1.248 index points was recorded in 1973.
See the global rankings or
world map for that indicator or
use the country comparator to compare trends over time.
Select indicator
* indicates monthly or quarterly data series
Recent data
Historical series
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:
Are trade deficits bad for the economy?
Sources of economic growth
Currency values and investment returns
How to write an economics research paper
All articles
| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Terms of trade | 103.80 | 2023 | percent |
| Trade openness | 35.61 | 2022 | percent |
| Financial openness | -1.935 | 2022 | index points |
| Exports, percent of GDP | 6.81 | 2022 | percent |
| Exports, billion dollars | 1.61 | 2022 | billion U.S. dollars |
| Growth of exports | 30.69 | 2022 | percent |
| Imports, percent of GDP | 28.80 | 2022 | percent |
| Imports, billion dollars | 6.80 | 2022 | billion U.S. dollars |
| Foreign Direct Investment, percent of GDP | 1.19 | 2011 | percent |
| Foreign Direct Investment, billion dollars | 0.80 | 2011 | billion U.S. dollars |
| Portfolio investment inflows, equities | 0.00 | 1999 | million dollars (current) |
| Current account, percent of GDP | -0.60 | 2010 | percent |
| Trade balance, percent of GDP | -21.99 | 2022 | percent |
| Trade balance, in dollars | 0.20 | 2010 | billion U.S. dollars |
| Reserves | 20.63 | 2010 | billion U.S. dollars |
| Remittances, percent of GDP | 2.64 | 2010 | percent |
| Remittances | 0.00 | 2023 | million U.S. dollars |
| Net errors and omissions | 1,133.96 | 2010 | million USD |
| External debt | 24.93 | 2023 | percent |
| Short-term external debt | 12.76 | 2023 | percent |
| Short-term debt to reserves | 2.73 | 2010 | percent |