United Arab Emirates: Financial openness

* indicates monthly or quarterly data series
 United Arab Emirates

Financial openness index

 Latest value 2.299
 Year 2021
 Measure index points
 Data availability 1976 - 2021
 Average 2.299
 Min - Max 2.299 - 2.299
 Source Chinn-Ito Index
The latest value from 2021 is 2.299 index points, unchanged from 2.299 index points in 2020. In comparison, the world average is 0.322 index points, based on data from 176 countries. Historically, the average for the United Arab Emirates from 1976 to 2021 is 2.299 index points. The minimum value, 2.299 index points, was reached in 1976 while the maximum of 2.299 index points was recorded in 1976. See the global rankings for that indicator or use the country comparator to compare trends over time.
Select indicator
* indicates monthly or quarterly data series


Recent data
United Arab Emirates - Financial openness  - Recent values chart

Historical series
United Arab Emirates - Financial openness  - historical chart - 1976-2021




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 117.37 2021 percent
 Trade openness 202.33 2023 percent
 Financial openness 2.299 2021 index points
 Exports, percent of GDP 95.93 2020 percent
 Exports, billion dollars 558.40 2023 billion U.S. dollars
 Growth of exports -7.02 2020 percent
 Imports, percent of GDP 70.65 2020 percent
 Imports, billion dollars 481.85 2023 billion U.S. dollars
 Foreign Direct Investment, percent of GDP 6.09 2023 percent
 Foreign Direct Investment, billion dollars 22.33 2023 billion U.S. dollars
 Current account, percent of GDP 10.67 2023 percent
 Trade balance, percent of GDP 25.28 2020 percent
 Reserves 189.49 2023 billion U.S. dollars
 Foreign exchange reserves 796.46 7/2024 billion
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