Financial openness - Country rankings
* indicates monthly or quarterly data series
Financial openness index, 2021:
The average for 2021 based on 176 countries was 0.322 index points. The highest value was in Australia: 2.299 index points and the lowest value was in Angola: -1.931 index points. The indicator is available from 1970 to 2021. Below is a chart for all countries where data are available.Measure: index points; Source: Chinn-Ito Index
Select indicator
* indicates monthly or quarterly data series
Countries | Financial openness , 2021 | Global rank | Available data |
---|---|---|---|
Australia | 2.299 | 1 | 1970 - 2021 |
Austria | 2.299 | 2 | 1970 - 2021 |
Bahrain | 2.299 | 3 | 1976 - 2021 |
Belgium | 2.299 | 4 | 1970 - 2021 |
Botswana | 2.299 | 5 | 1972 - 2021 |
Cambodia | 2.299 | 6 | 1973 - 2021 |
Canada | 2.299 | 7 | 1970 - 2021 |
Cape Verde | 2.299 | 8 | 1982 - 2021 |
Costa Rica | 2.299 | 9 | 1970 - 2021 |
Cyprus | 2.299 | 10 | 1970 - 2021 |
Czechia | 2.299 | 11 | 1996 - 2021 |
Denmark | 2.299 | 12 | 1970 - 2021 |
Estonia | 2.299 | 13 | 1996 - 2021 |
Finland | 2.299 | 14 | 1970 - 2021 |
France | 2.299 | 15 | 1970 - 2021 |
Gambia | 2.299 | 16 | 1971 - 2021 |
Georgia | 2.299 | 17 | 1996 - 2021 |
Germany | 2.299 | 18 | 1970 - 2021 |
Greece | 2.299 | 19 | 1970 - 2021 |
Guatemala | 2.299 | 20 | 1970 - 2021 |
Hong Kong | 2.299 | 21 | 1970 - 2021 |
Hungary | 2.299 | 22 | 1986 - 2021 |
Ireland | 2.299 | 23 | 1970 - 2021 |
Israel | 2.299 | 24 | 1970 - 2021 |
Italy | 2.299 | 25 | 1970 - 2021 |
Japan | 2.299 | 26 | 1970 - 2021 |
Jordan | 2.299 | 27 | 1970 - 2021 |
Latvia | 2.299 | 28 | 1996 - 2021 |
Lithuania | 2.299 | 29 | 1996 - 2021 |
Malta | 2.299 | 30 | 1972 - 2021 |
Micronesia | 2.299 | 31 | 1996 - 2021 |
Netherlands | 2.299 | 32 | 1970 - 2021 |
New Zealand | 2.299 | 33 | 1970 - 2021 |
Nicaragua | 2.299 | 34 | 1970 - 2021 |
Norway | 2.299 | 35 | 1970 - 2021 |
Panama | 2.299 | 36 | 1970 - 2021 |
Peru | 2.299 | 37 | 1970 - 2021 |
Portugal | 2.299 | 38 | 1970 - 2021 |
Qatar | 2.299 | 39 | 1976 - 2021 |
Seychelles | 2.299 | 40 | 1981 - 2021 |
Singapore | 2.299 | 41 | 1970 - 2021 |
South Korea | 2.299 | 42 | 1970 - 2021 |
Spain | 2.299 | 43 | 1970 - 2021 |
Sweden | 2.299 | 44 | 1970 - 2021 |
Switzerland | 2.299 | 45 | 1996 - 2021 |
UA Emirates | 2.299 | 46 | 1976 - 2021 |
UK | 2.299 | 47 | 1970 - 2021 |
Uruguay | 2.299 | 48 | 1970 - 2021 |
USA | 2.299 | 49 | 1970 - 2021 |
Yemen | 2.299 | 50 | 1995 - 2021 |
Zambia | 2.299 | 51 | 1970 - 2021 |
Oman | 2.046 | 52 | 1977 - 2021 |
Iceland | 1.793 | 53 | 1970 - 2021 |
Romania | 1.793 | 54 | 1976 - 2021 |
Vanuatu | 1.793 | 55 | 1985 - 2021 |
Armenia | 1.61 | 56 | 1996 - 2021 |
Maldives | 1.61 | 57 | 1982 - 2021 |
Mongolia | 1.61 | 58 | 1995 - 2021 |
Domin. Rep. | 1.54 | 59 | 1970 - 2021 |
Tr.&Tobago | 1.357 | 60 | 1970 - 2021 |
Ant.& Barb. | 1.224 | 61 | 1985 - 2021 |
Rwanda | 1.224 | 62 | 1970 - 2021 |
Uganda | 1.224 | 63 | 1970 - 2021 |
Guyana | 1.1 | 64 | 1970 - 2021 |
Haiti | 1.1 | 65 | 1970 - 2021 |
Liberia | 1.1 | 66 | 1970 - 2021 |
Chile | 1.034 | 67 | 1970 - 2021 |
Croatia | 1.034 | 68 | 1996 - 2021 |
Djibouti | 1.034 | 69 | 1982 - 2021 |
Ecuador | 1.034 | 70 | 1970 - 2021 |
El Salvador | 1.034 | 71 | 1970 - 2021 |
Kenya | 1.034 | 72 | 1970 - 2021 |
Kuwait | 1.034 | 73 | 1970 - 2021 |
Mauritius | 1.034 | 74 | 1972 - 2021 |
Mexico | 1.034 | 75 | 1970 - 2021 |
Poland | 1.034 | 76 | 1986 - 2021 |
San Marino | 1.034 | 77 | 1996 - 2021 |
Saudi Arabia | 1.034 | 78 | 1970 - 2021 |
Slovenia | 1.034 | 79 | 1996 - 2021 |
Slovakia | 0.717 | 80 | 1996 - 2021 |
S.T.&Principe | 0.534 | 81 | 1981 - 2021 |
Bulgaria | 0.464 | 82 | 1994 - 2021 |
Sudan | 0.41 | 83 | 1970 - 2021 |
Kyrgyzstan | 0.344 | 84 | 1997 - 2021 |
Azerbaijan | 0.024 | 85 | 1996 - 2021 |
Bolivia | -0.042 | 86 | 1970 - 2021 |
Lebanon | -0.042 | 87 | 1970 - 2021 |
North Macedonia | -0.042 | 88 | 1997 - 2021 |
Paraguay | -0.042 | 89 | 1970 - 2021 |
Philippines | -0.042 | 90 | 1970 - 2021 |
Saint Lucia | -0.042 | 91 | 1983 - 2021 |
Albania | -0.166 | 92 | 1995 - 2021 |
Belarus | -0.166 | 93 | 1996 - 2021 |
Colombia | -0.166 | 94 | 1970 - 2021 |
Dominica | -0.166 | 95 | 1982 - 2021 |
Egypt | -0.166 | 96 | 1970 - 2021 |
Indonesia | -0.166 | 97 | 1970 - 2021 |
Kiribati | -0.166 | 98 | 1990 - 2021 |
Malaysia | -0.166 | 99 | 1970 - 2021 |
Thailand | -0.166 | 100 | 1970 - 2021 |
Vietnam | -0.166 | 101 | 1970 - 2021 |
Zimbabwe | -0.166 | 102 | 1984 - 2021 |
Nigeria | -0.666 | 103 | 1970 - 2021 |
Papua N.G. | -0.666 | 104 | 1979 - 2021 |
Argentina | -0.736 | 105 | 1970 - 2021 |
Tajikistan | -0.919 | 106 | 1997 - 2021 |
Kazakhstan | -0.989 | 107 | 1996 - 2021 |
Algeria | -1.242 | 108 | 1970 - 2021 |
Aruba | -1.242 | 109 | 1992 - 2021 |
Bangladesh | -1.242 | 110 | 1976 - 2021 |
Barbados | -1.242 | 111 | 1974 - 2021 |
Belize | -1.242 | 112 | 1985 - 2021 |
Benin | -1.242 | 113 | 1979 - 2021 |
Bhutan | -1.242 | 114 | 1985 - 2021 |
Bosnia & Herz. | -1.242 | 115 | 1999 - 2021 |
Brazil | -1.242 | 116 | 1970 - 2021 |
Burkina Faso | -1.242 | 117 | 1988 - 2021 |
Burma | -1.242 | 118 | 1970 - 2021 |
Cameroon | -1.242 | 119 | 1970 - 2021 |
C.A. Republic | -1.242 | 120 | 1970 - 2021 |
Chad | -1.242 | 121 | 1970 - 2021 |
China | -1.242 | 122 | 1984 - 2021 |
Comoros | -1.242 | 123 | 1981 - 2021 |
DR Congo | -1.242 | 124 | 1970 - 2021 |
Eq. Guinea | -1.242 | 125 | 1973 - 2021 |
Ethiopia | -1.242 | 126 | 1970 - 2021 |
Fiji | -1.242 | 127 | 1975 - 2021 |
Gabon | -1.242 | 128 | 1970 - 2021 |
Grenada | -1.242 | 129 | 1979 - 2021 |
G.-Bissau | -1.242 | 130 | 1981 - 2021 |
Honduras | -1.242 | 131 | 1970 - 2021 |
India | -1.242 | 132 | 1970 - 2021 |
Ivory Coast | -1.242 | 133 | 1970 - 2021 |
Jamaica | -1.242 | 134 | 1970 - 2021 |
Laos | -1.242 | 135 | 1970 - 2021 |
Lesotho | -1.242 | 136 | 1972 - 2021 |
Libya | -1.242 | 137 | 1970 - 2021 |
Madagascar | -1.242 | 138 | 1970 - 2021 |
Malawi | -1.242 | 139 | 1970 - 2021 |
Mali | -1.242 | 140 | 1970 - 2021 |
Mauritania | -1.242 | 141 | 1970 - 2021 |
Moldova | -1.242 | 142 | 1996 - 2021 |
Morocco | -1.242 | 143 | 1970 - 2021 |
Mozambique | -1.242 | 144 | 1988 - 2021 |
Namibia | -1.242 | 145 | 1994 - 2021 |
Nepal | -1.242 | 146 | 1970 - 2021 |
Niger | -1.242 | 147 | 1970 - 2021 |
Pakistan | -1.242 | 148 | 1970 - 2021 |
R. of Congo | -1.242 | 149 | 1970 - 2021 |
Russia | -1.242 | 150 | 1996 - 2021 |
St. Vincent & ... | -1.242 | 151 | 1983 - 2021 |
Samoa | -1.242 | 152 | 1975 - 2021 |
Senegal | -1.242 | 153 | 1970 - 2021 |
Sierra Leone | -1.242 | 154 | 1970 - 2021 |
Solomon Isl. | -1.242 | 155 | 1982 - 2021 |
South Africa | -1.242 | 156 | 1970 - 2021 |
Sri Lanka | -1.242 | 157 | 1970 - 2021 |
Suriname | -1.242 | 158 | 1970 - 2021 |
Swaziland | -1.242 | 159 | 1973 - 2021 |
Tanzania | -1.242 | 160 | 1970 - 2021 |
Togo | -1.242 | 161 | 1970 - 2021 |
Tonga | -1.242 | 162 | 1989 - 2021 |
Tunisia | -1.242 | 163 | 1970 - 2021 |
Turkey | -1.242 | 164 | 1970 - 2021 |
Turkmenistan | -1.242 | 165 | 1996 - 2021 |
Uzbekistan | -1.242 | 166 | 1996 - 2021 |
Angola | -1.931 | 167 | 1993 - 2021 |
Bahamas | -1.931 | 168 | 1977 - 2021 |
Burundi | -1.931 | 169 | 1970 - 2021 |
Eritrea | -1.931 | 170 | 1998 - 2021 |
Ghana | -1.931 | 171 | 1970 - 2021 |
Guinea | -1.931 | 172 | 1970 - 2021 |
Iran | -1.931 | 173 | 1970 - 2021 |
Syria | -1.931 | 174 | 1970 - 2021 |
Ukraine | -1.931 | 175 | 1996 - 2021 |
Venezuela | -1.931 | 176 | 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.
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Financial openness in Europe Financial openness in Asia Financial openness in Africa Financial openness in North America Financial openness in South America Financial openness in Australia/Oceania Financial openness in the European union Financial openness in Sub Sahara Africa Financial openness in MENA Financial openness in South East Asia Financial openness in Latin America