Financial openness - Country rankings
* indicates monthly or quarterly data series
Financial openness index, 2021:
The average for 2021 based on 41 countries was 0.408 index points. The highest value was in Bahrain: 2.299 index points and the lowest value was in Iran: -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 |
|---|---|---|---|
| Bahrain | 2.299 | 1 | 1976 - 2021 |
| Cambodia | 2.299 | 2 | 1973 - 2021 |
| Georgia | 2.299 | 3 | 1996 - 2021 |
| Hong Kong | 2.299 | 4 | 1970 - 2021 |
| Israel | 2.299 | 5 | 1970 - 2021 |
| Japan | 2.299 | 6 | 1970 - 2021 |
| Jordan | 2.299 | 7 | 1970 - 2021 |
| Qatar | 2.299 | 8 | 1976 - 2021 |
| Singapore | 2.299 | 9 | 1970 - 2021 |
| South Korea | 2.299 | 10 | 1970 - 2021 |
| UA Emirates | 2.299 | 11 | 1976 - 2021 |
| Yemen | 2.299 | 12 | 1995 - 2021 |
| Oman | 2.046 | 13 | 1977 - 2021 |
| Armenia | 1.61 | 14 | 1996 - 2021 |
| Maldives | 1.61 | 15 | 1982 - 2021 |
| Mongolia | 1.61 | 16 | 1995 - 2021 |
| Kuwait | 1.034 | 17 | 1970 - 2021 |
| Saudi Arabia | 1.034 | 18 | 1970 - 2021 |
| Kyrgyzstan | 0.344 | 19 | 1997 - 2021 |
| Azerbaijan | 0.024 | 20 | 1996 - 2021 |
| Lebanon | -0.042 | 21 | 1970 - 2021 |
| Philippines | -0.042 | 22 | 1970 - 2021 |
| Indonesia | -0.166 | 23 | 1970 - 2021 |
| Malaysia | -0.166 | 24 | 1970 - 2021 |
| Thailand | -0.166 | 25 | 1970 - 2021 |
| Vietnam | -0.166 | 26 | 1970 - 2021 |
| Tajikistan | -0.919 | 27 | 1997 - 2021 |
| Kazakhstan | -0.989 | 28 | 1996 - 2021 |
| Bangladesh | -1.242 | 29 | 1976 - 2021 |
| Bhutan | -1.242 | 30 | 1985 - 2021 |
| Burma | -1.242 | 31 | 1970 - 2021 |
| China | -1.242 | 32 | 1984 - 2021 |
| India | -1.242 | 33 | 1970 - 2021 |
| Laos | -1.242 | 34 | 1970 - 2021 |
| Nepal | -1.242 | 35 | 1970 - 2021 |
| Pakistan | -1.242 | 36 | 1970 - 2021 |
| Sri Lanka | -1.242 | 37 | 1970 - 2021 |
| Turkmenistan | -1.242 | 38 | 1996 - 2021 |
| Uzbekistan | -1.242 | 39 | 1996 - 2021 |
| Iran | -1.931 | 40 | 1970 - 2021 |
| Syria | -1.931 | 41 | 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
2.299
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2.046
1.610
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1.034
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0.344
0.024
-0.042
-0.042
-0.166
-0.166
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-0.919
-0.989
-1.242
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-1.931
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-1.93
-0.9
0.2
1.2
2.3
Financial openness around the world Financial openness in Europe 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