United Arab Emirates: Financial openness
* indicates monthly or quarterly data series
| United Arab Emirates |
Financial openness index |
|---|---|
| Latest value | 2.290 |
| Year | 2022 |
| Measure | index points |
| Data availability | 1976 - 2022 |
| Average | 2.290 |
| Min - Max | 2.290 - 2.290 |
| Source | Chinn-Ito Index |
The latest value from 2022 is 2.29 index points, unchanged from 2.29 index points in 2021. In comparison, the world average is 0.307 index points, based on data from 174 countries. Historically, the average for the United Arab Emirates from 1976 to 2022 is 2.29 index points. The minimum value, 2.29 index points, was reached in 1976 while the maximum of 2.29 index points was recorded in 1976.
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 | 111.10 | 2023 | percent |
| Trade openness | 199.04 | 2023 | percent |
| Financial openness | 2.290 | 2022 | index points |
| Exports, percent of GDP | 106.85 | 2023 | percent |
| Exports, billion dollars | 558.40 | 2023 | billion U.S. dollars |
| Growth of exports | 6.88 | 2023 | percent |
| Imports, percent of GDP | 92.20 | 2023 | percent |
| Imports, billion dollars | 481.85 | 2023 | billion U.S. dollars |
| Foreign Direct Investment, percent of GDP | 8.26 | 2024 | percent |
| Foreign Direct Investment, billion dollars | 45.64 | 2024 | billion U.S. dollars |
| Current account, percent of GDP | 14.48 | 2024 | percent |
| Current account, in dollars | 79.97 | 2024 | billion U.S. dollars |
| Trade balance, percent of GDP | 14.65 | 2023 | percent |
| Trade balance, in dollars | 131.03 | 2024 | billion U.S. dollars |
| Reserves | 237.93 | 2024 | billion U.S. dollars |
| Remittances, percent of GDP | 0.33 | 2024 | percent |
| Net errors and omissions | 6,099.39 | 2024 | million USD |