Financial openness - Country rankings
* indicates monthly or quarterly data series
Financial openness index, 2022:
The average for 2022 based on 12 countries was 0.148 index points. The highest value was in Peru: 2.29 index points and the lowest value was in Venezuela: -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 |
|---|---|---|---|
| Peru | 2.29 | 1 | - |
| Uruguay | 2.29 | 2 | - |
| Chile | 1.028 | 3 | - |
| Ecuador | 1.028 | 4 | - |
| Guyana | 0.839 | 5 | - |
| Bolivia | -0.05 | 6 | - |
| Paraguay | -0.05 | 7 | - |
| Colombia | -0.171 | 8 | - |
| Argentina | -0.996 | 9 | - |
| Brazil | -1.248 | 10 | - |
| Suriname | -1.248 | 11 | - |
| Venezuela | -1.935 | 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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2.290
2.290
1.028
1.028
0.839
-0.050
-0.050
-0.171
-0.996
-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 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