Financial openness - Country rankings
* indicates monthly or quarterly data series
Financial openness index, 2021:
The average for 2021 based on 12 countries was 0.197 index points. The highest value was in Peru: 2.299 index points and the lowest value was in Venezuela: -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 |
|---|---|---|---|
| Peru | 2.299 | 1 | - |
| Uruguay | 2.299 | 2 | - |
| Guyana | 1.1 | 3 | - |
| Chile | 1.034 | 4 | - |
| Ecuador | 1.034 | 5 | - |
| Bolivia | -0.042 | 6 | - |
| Paraguay | -0.042 | 7 | - |
| Colombia | -0.166 | 8 | - |
| Argentina | -0.736 | 9 | - |
| Brazil | -1.242 | 10 | - |
| Suriname | -1.242 | 11 | - |
| Venezuela | -1.931 | 12 | - |
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
1.100
1.034
1.034
-0.042
-0.042
-0.166
-0.736
-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 North 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