Financial openness - Country rankings
* indicates monthly or quarterly data series
Financial openness index, 2022:
The average for 2022 based on 22 countries was 0.49 index points. The highest value was in Canada: 2.29 index points and the lowest value was in the Bahamas: -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
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* indicates monthly or quarterly data series
| Countries | Financial openness , 2022 | Global rank | Available data |
|---|---|---|---|
| Canada | 2.29 | 1 | 1970 - 2022 |
| Costa Rica | 2.29 | 2 | 1970 - 2022 |
| Guatemala | 2.29 | 3 | 1970 - 2022 |
| Nicaragua | 2.29 | 4 | 1970 - 2022 |
| Panama | 2.29 | 5 | 1970 - 2022 |
| USA | 2.29 | 6 | 1970 - 2022 |
| Domin. Rep. | 1.28 | 7 | 1970 - 2022 |
| Ant.& Barb. | 1.212 | 8 | 1985 - 2022 |
| Tr.&Tobago | 1.098 | 9 | 1970 - 2022 |
| Haiti | 1.092 | 10 | 1970 - 2022 |
| El Salvador | 1.028 | 11 | 1970 - 2022 |
| Mexico | 1.028 | 12 | 1970 - 2022 |
| Jamaica | -0.05 | 13 | 1970 - 2022 |
| Saint Lucia | -0.05 | 14 | 1983 - 2022 |
| Dominica | -0.171 | 15 | 1982 - 2022 |
| Aruba | -1.248 | 16 | 1992 - 2022 |
| Barbados | -1.248 | 17 | 1974 - 2022 |
| Belize | -1.248 | 18 | 1985 - 2022 |
| Grenada | -1.248 | 19 | 1979 - 2022 |
| Honduras | -1.248 | 20 | 1970 - 2022 |
| St. Vincent & ... | -1.248 | 21 | 1983 - 2022 |
| Bahamas | -1.935 | 22 | 1977 - 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
1.280
1.212
1.098
1.092
1.028
1.028
-0.050
-0.050
-0.171
-1.248
-1.248
-1.248
-1.248
-1.248
-1.248
-1.935
-1.94
-0.9
0.2
1.2
2.29
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