Financial openness - Country rankings
* indicates monthly or quarterly data series
Financial openness index, 2022:
The average for 2022 based on 41 countries was 0.418 index points. The highest value was in Armenia: 2.29 index points and the lowest value was in Iran: -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
Select indicator
* indicates monthly or quarterly data series
| Countries | Financial openness , 2022 | Global rank | Available data |
|---|---|---|---|
| Armenia | 2.29 | 1 | 1996 - 2022 |
| Bahrain | 2.29 | 2 | 1976 - 2022 |
| Cambodia | 2.29 | 3 | 1973 - 2022 |
| Georgia | 2.29 | 4 | 1996 - 2022 |
| Hong Kong | 2.29 | 5 | 1970 - 2022 |
| Israel | 2.29 | 6 | 1970 - 2022 |
| Japan | 2.29 | 7 | 1970 - 2022 |
| Jordan | 2.29 | 8 | 1970 - 2022 |
| Qatar | 2.29 | 9 | 1976 - 2022 |
| Singapore | 2.29 | 10 | 1970 - 2022 |
| South Korea | 2.29 | 11 | 1970 - 2022 |
| UA Emirates | 2.29 | 12 | 1976 - 2022 |
| Yemen | 2.29 | 13 | 1995 - 2022 |
| Oman | 1.785 | 14 | 1977 - 2022 |
| Maldives | 1.603 | 15 | 1982 - 2022 |
| Mongolia | 1.603 | 16 | 1995 - 2022 |
| Kuwait | 1.028 | 17 | 1970 - 2022 |
| Saudi Arabia | 1.028 | 18 | 1970 - 2022 |
| Kyrgyzstan | 0.341 | 19 | 1997 - 2022 |
| Azerbaijan | 0.014 | 20 | 1996 - 2022 |
| Lebanon | -0.05 | 21 | 1970 - 2022 |
| Philippines | -0.05 | 22 | 1970 - 2022 |
| Indonesia | -0.171 | 23 | 1970 - 2022 |
| Malaysia | -0.171 | 24 | 1970 - 2022 |
| Thailand | -0.171 | 25 | 1970 - 2022 |
| Vietnam | -0.171 | 26 | 1970 - 2022 |
| Tajikistan | -0.673 | 27 | 1997 - 2022 |
| Kazakhstan | -0.996 | 28 | 1996 - 2022 |
| Bangladesh | -1.248 | 29 | 1976 - 2022 |
| Bhutan | -1.248 | 30 | 1985 - 2022 |
| Burma | -1.248 | 31 | 1970 - 2022 |
| China | -1.248 | 32 | 1984 - 2022 |
| India | -1.248 | 33 | 1970 - 2022 |
| Laos | -1.248 | 34 | 1970 - 2022 |
| Nepal | -1.248 | 35 | 1970 - 2022 |
| Pakistan | -1.248 | 36 | 1970 - 2022 |
| Sri Lanka | -1.248 | 37 | 1970 - 2022 |
| Turkmenistan | -1.248 | 38 | 1996 - 2022 |
| Uzbekistan | -1.248 | 39 | 1996 - 2022 |
| Iran | -1.935 | 40 | 1970 - 2022 |
| Syria | -1.935 | 41 | 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
2.290
2.290
2.290
2.290
2.290
2.290
2.290
2.290
2.290
2.290
1.785
1.603
1.603
1.028
1.028
0.341
0.014
-0.050
-0.050
-0.171
-0.171
-0.171
-0.171
-0.673
-0.996
-1.248
-1.248
-1.248
-1.248
-1.248
-1.248
-1.248
-1.248
-1.248
-1.248
-1.248
-1.935
-1.935
-1.94
-0.9
0.2
1.2
2.29
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