Financial openness - Country rankings
* indicates monthly or quarterly data series
Financial openness index, 2021:
The average for 2021 based on 22 countries was 0.466 index points. The highest value was in Canada: 2.299 index points and the lowest value was in the Bahamas: -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 |
|---|---|---|---|
| Canada | 2.299 | 1 | 1970 - 2021 |
| Costa Rica | 2.299 | 2 | 1970 - 2021 |
| Guatemala | 2.299 | 3 | 1970 - 2021 |
| Nicaragua | 2.299 | 4 | 1970 - 2021 |
| Panama | 2.299 | 5 | 1970 - 2021 |
| USA | 2.299 | 6 | 1970 - 2021 |
| Domin. Rep. | 1.54 | 7 | 1970 - 2021 |
| Tr.&Tobago | 1.357 | 8 | 1970 - 2021 |
| Ant.& Barb. | 1.224 | 9 | 1985 - 2021 |
| Haiti | 1.1 | 10 | 1970 - 2021 |
| El Salvador | 1.034 | 11 | 1970 - 2021 |
| Mexico | 1.034 | 12 | 1970 - 2021 |
| Saint Lucia | -0.042 | 13 | 1983 - 2021 |
| Dominica | -0.166 | 14 | 1982 - 2021 |
| Aruba | -1.242 | 15 | 1992 - 2021 |
| Barbados | -1.242 | 16 | 1974 - 2021 |
| Belize | -1.242 | 17 | 1985 - 2021 |
| Grenada | -1.242 | 18 | 1979 - 2021 |
| Honduras | -1.242 | 19 | 1970 - 2021 |
| Jamaica | -1.242 | 20 | 1970 - 2021 |
| St. Vincent & ... | -1.242 | 21 | 1983 - 2021 |
| Bahamas | -1.931 | 22 | 1977 - 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
2.299
2.299
2.299
1.540
1.357
1.224
1.100
1.034
1.034
-0.042
-0.166
-1.242
-1.242
-1.242
-1.242
-1.242
-1.242
-1.242
-1.931
-1.93
-0.9
0.2
1.2
2.3
Financial openness around the world Financial openness in Europe Financial openness in Asia Financial openness in Africa 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