Financial openness - Country rankings
* indicates monthly or quarterly data series
Financial openness index, 2022:
The average for 2022 based on 52 countries was -0.585 index points. The highest value was in Botswana: 2.29 index points and the lowest value was in Angola: -1.935 index points. The indicator is available from 1970 to 2022. Below is a chart for all countries where data are available.Measure: index points; Source: Chinn-Ito Index
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* indicates monthly or quarterly data series
| Countries | Financial openness , 2022 | Global rank | Available data |
|---|---|---|---|
| Botswana | 2.29 | 1 | 1972 - 2022 |
| Cape Verde | 2.29 | 2 | 1982 - 2022 |
| Gambia | 2.29 | 3 | 1971 - 2022 |
| Seychelles | 2.29 | 4 | 1981 - 2022 |
| Zambia | 2.29 | 5 | 1970 - 2022 |
| Rwanda | 1.212 | 6 | 1970 - 2022 |
| Uganda | 1.212 | 7 | 1970 - 2022 |
| Liberia | 1.092 | 8 | 1970 - 2022 |
| Djibouti | 1.028 | 9 | 1982 - 2022 |
| Kenya | 1.028 | 10 | 1970 - 2022 |
| Mauritius | 1.028 | 11 | 1972 - 2022 |
| S.T.&Principe | 0.526 | 12 | 1981 - 2022 |
| Sudan | 0.405 | 13 | 1970 - 2022 |
| Egypt | -0.171 | 14 | 1970 - 2022 |
| Zimbabwe | -0.171 | 15 | 1984 - 2022 |
| Nigeria | -0.673 | 16 | 1970 - 2022 |
| Algeria | -1.248 | 17 | 1970 - 2022 |
| Benin | -1.248 | 18 | 1979 - 2022 |
| Burkina Faso | -1.248 | 19 | 1988 - 2022 |
| Cameroon | -1.248 | 20 | 1970 - 2022 |
| C.A. Republic | -1.248 | 21 | 1970 - 2022 |
| Chad | -1.248 | 22 | 1970 - 2022 |
| Comoros | -1.248 | 23 | 1981 - 2022 |
| DR Congo | -1.248 | 24 | 1970 - 2022 |
| Eq. Guinea | -1.248 | 25 | 1973 - 2022 |
| Ethiopia | -1.248 | 26 | 1970 - 2022 |
| Gabon | -1.248 | 27 | 1970 - 2022 |
| G.-Bissau | -1.248 | 28 | 1981 - 2022 |
| Ivory Coast | -1.248 | 29 | 1970 - 2022 |
| Lesotho | -1.248 | 30 | 1972 - 2022 |
| Libya | -1.248 | 31 | 1970 - 2022 |
| Madagascar | -1.248 | 32 | 1970 - 2022 |
| Malawi | -1.248 | 33 | 1970 - 2022 |
| Mali | -1.248 | 34 | 1970 - 2022 |
| Mauritania | -1.248 | 35 | 1970 - 2022 |
| Morocco | -1.248 | 36 | 1970 - 2022 |
| Mozambique | -1.248 | 37 | 1988 - 2022 |
| Namibia | -1.248 | 38 | 1994 - 2022 |
| Niger | -1.248 | 39 | 1970 - 2022 |
| R. of Congo | -1.248 | 40 | 1970 - 2022 |
| Senegal | -1.248 | 41 | 1970 - 2022 |
| Sierra Leone | -1.248 | 42 | 1970 - 2022 |
| South Africa | -1.248 | 43 | 1970 - 2022 |
| Swaziland | -1.248 | 44 | 1973 - 2022 |
| Tanzania | -1.248 | 45 | 1970 - 2022 |
| Togo | -1.248 | 46 | 1970 - 2022 |
| Tunisia | -1.248 | 47 | 1970 - 2022 |
| Angola | -1.935 | 48 | 1993 - 2022 |
| Burundi | -1.935 | 49 | 1970 - 2022 |
| Eritrea | -1.935 | 50 | 1998 - 2022 |
| Ghana | -1.935 | 51 | 1970 - 2022 |
| Guinea | -1.935 | 52 | 1970 - 2022 |
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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2.290
2.290
2.290
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1.212
1.212
1.092
1.028
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0.526
0.405
-0.171
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-0.673
-1.248
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-1.248
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-1.935
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-1.94
-0.9
0.2
1.2
2.29
Financial openness around the world Financial openness in Europe Financial openness in Asia 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