Financial openness - Country rankings

* indicates monthly or quarterly data series

Financial openness index, 2021:

The average for 2021 based on 17 countries was 0.447 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
Select indicator
* indicates monthly or quarterly data series


Countries Financial openness , 2021 Global rank Available data
Bahrain 2.299 1 1976 - 2021
Jordan 2.299 2 1970 - 2021
Qatar 2.299 3 1976 - 2021
UA Emirates 2.299 4 1976 - 2021
Yemen 2.299 5 1995 - 2021
Oman 2.046 6 1977 - 2021
Djibouti 1.034 7 1982 - 2021
Kuwait 1.034 8 1970 - 2021
Saudi Arabia 1.034 9 1970 - 2021
Lebanon -0.042 10 1970 - 2021
Egypt -0.166 11 1970 - 2021
Algeria -1.242 12 1970 - 2021
Libya -1.242 13 1970 - 2021
Morocco -1.242 14 1970 - 2021
Tunisia -1.242 15 1970 - 2021
Iran -1.931 16 1970 - 2021
Syria -1.931 17 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.

Selected articles from our guide:

The unholy trinity of international finance

Most commonly used measures of corruption

All articles

1. Bahrain
2. Jordan
3. Qatar
4. UA Emirates
5. Yemen
6. Oman
7. Djibouti
8. Kuwait
9. Saudi Arabia
10. Lebanon
11. Egypt
12. Algeria
13. Libya
14. Morocco
15. Tunisia
16. Iran
17. Syria
2.299
2.299
2.299
2.299
2.299
2.046
1.034
1.034
1.034
-0.042
-0.166
-1.242
-1.242
-1.242
-1.242
-1.931
-1.931
-1.93
-0.9
0.2
1.2
2.3


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