Togo: Financial openness

* indicates monthly or quarterly data series
 Togo

Financial openness index

 Latest value -1.242
 Year 2021
 Measure index points
 Data availability 1970 - 2021
 Average -1.127
 Min - Max -1.678 - -0.166
 Source Chinn-Ito Index
The latest value from 2021 is -1.242 index points, unchanged from -1.242 index points in 2020. In comparison, the world average is 0.322 index points, based on data from 176 countries. Historically, the average for Togo from 1970 to 2021 is -1.127 index points. The minimum value, -1.678 index points, was reached in 1971 while the maximum of -0.166 index points was recorded in 1974. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent data
Togo - Financial openness  - Recent values chart

Historical series
Togo - Financial openness  - historical chart - 1970-2021




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 101.89 2021 percent
 Trade openness 61.43 2023 percent
 Financial openness -1.242 2021 index points
 Exports, percent of GDP 23.91 2023 percent
 Exports, billion dollars 2.19 2023 billion U.S. dollars
 Growth of exports 6.80 2023 percent
 Imports, percent of GDP 37.52 2023 percent
 Imports, billion dollars 3.44 2023 billion U.S. dollars
 Foreign Direct Investment, percent of GDP 0.37 2023 percent
 Foreign Direct Investment, billion dollars -0.23 2022 billion U.S. dollars
 Portfolio investment inflows, equities -173.93 2020 million dollars (current)
 Current account, percent of GDP -1.30 2022 percent
 Current account, in dollars -0.02 2020 billion U.S. dollars
 Trade balance, percent of GDP -13.62 2023 percent
 Trade balance, in dollars -0.67 2020 billion U.S. dollars
 Remittances, percent of GDP 6.10 2023 percent
 Remittances 559.76 2023 million U.S. dollars
 Net errors and omissions 3.69 2020 million USD
 External debt 37.31 2022 percent
 Short-term external debt 5.45 2022 percent
 Foreign exchange reserves 200.50 11/2022 billion
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