Financial openness - Country rankings
* indicates monthly or quarterly data series
Financial openness index, 2021:
The average for 2021 based on 39 countries was 1.398 index points. The highest value was in Austria: 2.299 index points and the lowest value was in Ukraine: -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 |
|---|---|---|---|
| Austria | 2.299 | 1 | 1970 - 2021 |
| Belgium | 2.299 | 2 | 1970 - 2021 |
| Cyprus | 2.299 | 3 | 1970 - 2021 |
| Czechia | 2.299 | 4 | 1996 - 2021 |
| Denmark | 2.299 | 5 | 1970 - 2021 |
| Estonia | 2.299 | 6 | 1996 - 2021 |
| Finland | 2.299 | 7 | 1970 - 2021 |
| France | 2.299 | 8 | 1970 - 2021 |
| Germany | 2.299 | 9 | 1970 - 2021 |
| Greece | 2.299 | 10 | 1970 - 2021 |
| Hungary | 2.299 | 11 | 1986 - 2021 |
| Ireland | 2.299 | 12 | 1970 - 2021 |
| Italy | 2.299 | 13 | 1970 - 2021 |
| Latvia | 2.299 | 14 | 1996 - 2021 |
| Lithuania | 2.299 | 15 | 1996 - 2021 |
| Malta | 2.299 | 16 | 1972 - 2021 |
| Netherlands | 2.299 | 17 | 1970 - 2021 |
| Norway | 2.299 | 18 | 1970 - 2021 |
| Portugal | 2.299 | 19 | 1970 - 2021 |
| Spain | 2.299 | 20 | 1970 - 2021 |
| Sweden | 2.299 | 21 | 1970 - 2021 |
| Switzerland | 2.299 | 22 | 1996 - 2021 |
| UK | 2.299 | 23 | 1970 - 2021 |
| Iceland | 1.793 | 24 | 1970 - 2021 |
| Romania | 1.793 | 25 | 1976 - 2021 |
| Croatia | 1.034 | 26 | 1996 - 2021 |
| Poland | 1.034 | 27 | 1986 - 2021 |
| San Marino | 1.034 | 28 | 1996 - 2021 |
| Slovenia | 1.034 | 29 | 1996 - 2021 |
| Slovakia | 0.717 | 30 | 1996 - 2021 |
| Bulgaria | 0.464 | 31 | 1994 - 2021 |
| North Macedonia | -0.042 | 32 | 1997 - 2021 |
| Albania | -0.166 | 33 | 1995 - 2021 |
| Belarus | -0.166 | 34 | 1996 - 2021 |
| Bosnia & Herz. | -1.242 | 35 | 1999 - 2021 |
| Moldova | -1.242 | 36 | 1996 - 2021 |
| Russia | -1.242 | 37 | 1996 - 2021 |
| Turkey | -1.242 | 38 | 1970 - 2021 |
| Ukraine | -1.931 | 39 | 1996 - 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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Financial openness around the world Financial openness in Asia 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