Turkmenistan: Financial openness

* indicates monthly or quarterly data series
 Turkmenistan

Financial openness index

 Latest value -1.242
 Year 2021
 Measure index points
 Data availability 1996 - 2021
 Average -1.481
 Min - Max -1.931 - -1.242
 Source Chinn-Ito Index
For that indicator, we provide data for Turkmenistan from 1996 to 2021. The average value for Turkmenistan during that period was -1.481 index points with a minimum of -1.931 index points in 1996 and a maximum of -1.242 index points in 1998. The latest value from 2021 is -1.242 index points. For comparison, the world average in 2021 based on 176 countries is 0.322 index points. 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 values chart
Turkmenistan - Financial openness  - Recent values chart

Historical chart
Turkmenistan - Financial openness  - historical chart - 1996-2021




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.


 Related indicators Latest value Reference Measure
 Terms of trade 184.90 2021 percent
 Trade openness 33.06 2021 percent
 Financial openness -1.242 2021 index points
 Exports, percent of GDP 20.56 2021 percent
 Exports, billion dollars 10.28 2021 billion U.S. dollars
 Growth of exports 42.54 2006 percent
 Imports, percent of GDP 12.50 2021 percent
 Imports, billion dollars 6.25 2021 billion U.S. dollars
 Foreign Direct Investment, percent of GDP 1.66 2022 percent
 Foreign Direct Investment, billion dollars 0.94 2022 billion U.S. dollars
 Current account, percent of GDP 4.20 2022 percent
 Trade balance, percent of GDP 8.06 2021 percent
 Reserves 1.51 1999 billion U.S. dollars
 Remittances, percent of GDP 0.00 2022 percent
 Remittances 0.00 2022 million U.S. dollars
 External debt 8.09 2022 percent
 Short-term external debt 2.22 2022 percent
 Short-term debt to reserves 20.56 1999 percent
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