Financial openness - Country rankings
* indicates monthly or quarterly data series
Financial openness index, 2021:
The average for 2021 based on 10 countries was 0.289 index points. The highest value was in Australia: 2.299 index points and the lowest value was in Fiji: -1.242 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 |
|---|---|---|---|
| Australia | 2.299 | 1 | 1970 - 2021 |
| Micronesia | 2.299 | 2 | 1996 - 2021 |
| New Zealand | 2.299 | 3 | 1970 - 2021 |
| Vanuatu | 1.793 | 4 | 1985 - 2021 |
| Kiribati | -0.166 | 5 | 1990 - 2021 |
| Papua N.G. | -0.666 | 6 | 1979 - 2021 |
| Fiji | -1.242 | 7 | 1975 - 2021 |
| Samoa | -1.242 | 8 | 1975 - 2021 |
| Solomon Isl. | -1.242 | 9 | 1982 - 2021 |
| Tonga | -1.242 | 10 | 1989 - 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
1.793
-0.166
-0.666
-1.242
-1.242
-1.242
-1.242
-1.24
-0.4
0.5
1.4
2.3
Financial openness around the world 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 the European union Financial openness in Sub Sahara Africa Financial openness in MENA Financial openness in South East Asia Financial openness in Latin America