Thailand: Financial openness
* indicates monthly or quarterly data series
| Thailand |
Financial openness index |
|---|---|
| Latest value | -0.166 |
| Year | 2021 |
| Measure | index points |
| Data availability | 1970 - 2021 |
| Average | -0.394 |
| Min - Max | -1.242 - -0.166 |
| Source | Chinn-Ito Index |
The latest value from 2021 is -0.166 index points, unchanged from -0.166 index points in 2020. In comparison, the world average is 0.322 index points, based on data from 176 countries. Historically, the average for Thailand from 1970 to 2021 is -0.394 index points. The minimum value, -1.242 index points, was reached in 2007 while the maximum of -0.166 index points was recorded in 1970.
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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 | 101.66 | 2021 | percent |
| Trade openness | 129.14 | 2023 | percent |
| Financial openness | -0.166 | 2021 | index points |
| Exports, percent of GDP | 65.45 | 2023 | percent |
| Exports, billion dollars | 337.04 | 2023 | billion U.S. dollars |
| Growth of exports | 2.14 | 2023 | percent |
| Imports, percent of GDP | 63.71 | 2023 | percent |
| Imports, billion dollars | 327.98 | 2023 | billion U.S. dollars |
| Foreign Direct Investment, percent of GDP | 0.60 | 2023 | percent |
| Foreign Direct Investment, billion dollars | 6.52 | 2023 | billion U.S. dollars |
| Portfolio investment inflows, equities | -5,657.55 | 2023 | million dollars (current) |
| Current account, percent of GDP | 1.40 | 2023 | percent |
| Current account, in dollars | 7.41 | 2023 | billion U.S. dollars |
| Trade balance, percent of GDP | 1.74 | 2023 | percent |
| Trade balance, in dollars | 10.44 | 2023 | billion U.S. dollars |
| Reserves | 224.47 | 2023 | billion U.S. dollars |
| Remittances, percent of GDP | 1.90 | 2023 | percent |
| Remittances | 9,800.00 | 2023 | million U.S. dollars |
| Net errors and omissions | 5,017.24 | 2023 | million USD |
| External debt | 39.95 | 2022 | percent |
| Short-term external debt | 35.00 | 2023 | percent |
| Short-term debt to reserves | 30.19 | 2023 | percent |
| Foreign exchange reserves | 8,509.39 | 6/2025 | billion |