Financial openness - Country rankings
* indicates monthly or quarterly data series
Financial openness index, 2021:
The average for 2021 based on 52 countries was -0.578 index points. The highest value was in Botswana: 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
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* indicates monthly or quarterly data series
| Countries | Financial openness , 2021 | Global rank | Available data |
|---|---|---|---|
| Botswana | 2.299 | 1 | 1972 - 2021 |
| Cape Verde | 2.299 | 2 | 1982 - 2021 |
| Gambia | 2.299 | 3 | 1971 - 2021 |
| Seychelles | 2.299 | 4 | 1981 - 2021 |
| Zambia | 2.299 | 5 | 1970 - 2021 |
| Rwanda | 1.224 | 6 | 1970 - 2021 |
| Uganda | 1.224 | 7 | 1970 - 2021 |
| Liberia | 1.1 | 8 | 1970 - 2021 |
| Djibouti | 1.034 | 9 | 1982 - 2021 |
| Kenya | 1.034 | 10 | 1970 - 2021 |
| Mauritius | 1.034 | 11 | 1972 - 2021 |
| S.T.&Principe | 0.534 | 12 | 1981 - 2021 |
| Sudan | 0.41 | 13 | 1970 - 2021 |
| Egypt | -0.166 | 14 | 1970 - 2021 |
| Zimbabwe | -0.166 | 15 | 1984 - 2021 |
| Nigeria | -0.666 | 16 | 1970 - 2021 |
| Algeria | -1.242 | 17 | 1970 - 2021 |
| Benin | -1.242 | 18 | 1979 - 2021 |
| Burkina Faso | -1.242 | 19 | 1988 - 2021 |
| Cameroon | -1.242 | 20 | 1970 - 2021 |
| C.A. Republic | -1.242 | 21 | 1970 - 2021 |
| Chad | -1.242 | 22 | 1970 - 2021 |
| Comoros | -1.242 | 23 | 1981 - 2021 |
| DR Congo | -1.242 | 24 | 1970 - 2021 |
| Eq. Guinea | -1.242 | 25 | 1973 - 2021 |
| Ethiopia | -1.242 | 26 | 1970 - 2021 |
| Gabon | -1.242 | 27 | 1970 - 2021 |
| G.-Bissau | -1.242 | 28 | 1981 - 2021 |
| Ivory Coast | -1.242 | 29 | 1970 - 2021 |
| Lesotho | -1.242 | 30 | 1972 - 2021 |
| Libya | -1.242 | 31 | 1970 - 2021 |
| Madagascar | -1.242 | 32 | 1970 - 2021 |
| Malawi | -1.242 | 33 | 1970 - 2021 |
| Mali | -1.242 | 34 | 1970 - 2021 |
| Mauritania | -1.242 | 35 | 1970 - 2021 |
| Morocco | -1.242 | 36 | 1970 - 2021 |
| Mozambique | -1.242 | 37 | 1988 - 2021 |
| Namibia | -1.242 | 38 | 1994 - 2021 |
| Niger | -1.242 | 39 | 1970 - 2021 |
| R. of Congo | -1.242 | 40 | 1970 - 2021 |
| Senegal | -1.242 | 41 | 1970 - 2021 |
| Sierra Leone | -1.242 | 42 | 1970 - 2021 |
| South Africa | -1.242 | 43 | 1970 - 2021 |
| Swaziland | -1.242 | 44 | 1973 - 2021 |
| Tanzania | -1.242 | 45 | 1970 - 2021 |
| Togo | -1.242 | 46 | 1970 - 2021 |
| Tunisia | -1.242 | 47 | 1970 - 2021 |
| Angola | -1.931 | 48 | 1993 - 2021 |
| Burundi | -1.931 | 49 | 1970 - 2021 |
| Eritrea | -1.931 | 50 | 1998 - 2021 |
| Ghana | -1.931 | 51 | 1970 - 2021 |
| Guinea | -1.931 | 52 | 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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2.299
2.299
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1.224
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1.100
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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