Financial openness - Country rankings

* indicates monthly or quarterly data series

Financial openness index, 2022:

The average for 2022 based on 174 countries was 0.307 index points. The highest value was in Armenia: 2.29 index points and the lowest value was in Angola: -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
Select indicator
* indicates monthly or quarterly data series


Countries Financial openness , 2022 Global rank Available data
Armenia 2.29 1 1996 - 2022
Australia 2.29 2 1970 - 2022
Austria 2.29 3 1970 - 2022
Bahrain 2.29 4 1976 - 2022
Belgium 2.29 5 1970 - 2022
Botswana 2.29 6 1972 - 2022
Cambodia 2.29 7 1973 - 2022
Canada 2.29 8 1970 - 2022
Cape Verde 2.29 9 1982 - 2022
Costa Rica 2.29 10 1970 - 2022
Cyprus 2.29 11 1970 - 2022
Czechia 2.29 12 1996 - 2022
Denmark 2.29 13 1970 - 2022
Estonia 2.29 14 1996 - 2022
Finland 2.29 15 1970 - 2022
France 2.29 16 1970 - 2022
Gambia 2.29 17 1971 - 2022
Georgia 2.29 18 1996 - 2022
Germany 2.29 19 1970 - 2022
Greece 2.29 20 1970 - 2022
Guatemala 2.29 21 1970 - 2022
Hong Kong 2.29 22 1970 - 2022
Hungary 2.29 23 1986 - 2022
Ireland 2.29 24 1970 - 2022
Israel 2.29 25 1970 - 2022
Italy 2.29 26 1970 - 2022
Japan 2.29 27 1970 - 2022
Jordan 2.29 28 1970 - 2022
Latvia 2.29 29 1996 - 2022
Lithuania 2.29 30 1996 - 2022
Malta 2.29 31 1972 - 2022
Netherlands 2.29 32 1970 - 2022
New Zealand 2.29 33 1970 - 2022
Nicaragua 2.29 34 1970 - 2022
Norway 2.29 35 1970 - 2022
Panama 2.29 36 1970 - 2022
Peru 2.29 37 1970 - 2022
Portugal 2.29 38 1970 - 2022
Qatar 2.29 39 1976 - 2022
Seychelles 2.29 40 1981 - 2022
Singapore 2.29 41 1970 - 2022
South Korea 2.29 42 1970 - 2022
Spain 2.29 43 1970 - 2022
Sweden 2.29 44 1970 - 2022
Switzerland 2.29 45 1996 - 2022
UA Emirates 2.29 46 1976 - 2022
UK 2.29 47 1970 - 2022
Uruguay 2.29 48 1970 - 2022
USA 2.29 49 1970 - 2022
Yemen 2.29 50 1995 - 2022
Zambia 2.29 51 1970 - 2022
Iceland 2.037 52 1970 - 2022
Vanuatu 2.037 53 1985 - 2022
Oman 1.785 54 1977 - 2022
Maldives 1.603 55 1982 - 2022
Mongolia 1.603 56 1995 - 2022
Domin. Rep. 1.28 57 1970 - 2022
Ant.& Barb. 1.212 58 1985 - 2022
Rwanda 1.212 59 1970 - 2022
Uganda 1.212 60 1970 - 2022
Tr.&Tobago 1.098 61 1970 - 2022
Haiti 1.092 62 1970 - 2022
Liberia 1.092 63 1970 - 2022
Chile 1.028 64 1970 - 2022
Croatia 1.028 65 1996 - 2022
Djibouti 1.028 66 1982 - 2022
Ecuador 1.028 67 1970 - 2022
El Salvador 1.028 68 1970 - 2022
Kenya 1.028 69 1970 - 2022
Kiribati 1.028 70 1990 - 2022
Kuwait 1.028 71 1970 - 2022
Mauritius 1.028 72 1972 - 2022
Mexico 1.028 73 1970 - 2022
Poland 1.028 74 1986 - 2022
San Marino 1.028 75 1996 - 2022
Saudi Arabia 1.028 76 1970 - 2022
Slovenia 1.028 77 1996 - 2022
Guyana 0.839 78 1970 - 2022
S.T.&Principe 0.526 79 1981 - 2022
Slovakia 0.455 80 1996 - 2022
Sudan 0.405 81 1970 - 2022
Kyrgyzstan 0.341 82 1997 - 2022
Bulgaria 0.202 83 1994 - 2022
Azerbaijan 0.014 84 1996 - 2022
Bolivia -0.05 85 1970 - 2022
Jamaica -0.05 86 1970 - 2022
Lebanon -0.05 87 1970 - 2022
North Macedonia -0.05 88 1997 - 2022
Paraguay -0.05 89 1970 - 2022
Philippines -0.05 90 1970 - 2022
Saint Lucia -0.05 91 1983 - 2022
Albania -0.171 92 1995 - 2022
Belarus -0.171 93 1996 - 2022
Colombia -0.171 94 1970 - 2022
Dominica -0.171 95 1982 - 2022
Egypt -0.171 96 1970 - 2022
Indonesia -0.171 97 1970 - 2022
Malaysia -0.171 98 1970 - 2022
Thailand -0.171 99 1970 - 2022
Vietnam -0.171 100 1970 - 2022
Zimbabwe -0.171 101 1984 - 2022
Nigeria -0.673 102 1970 - 2022
Papua N.G. -0.673 103 1979 - 2022
Tajikistan -0.673 104 1997 - 2022
Argentina -0.996 105 1970 - 2022
Kazakhstan -0.996 106 1996 - 2022
Algeria -1.248 107 1970 - 2022
Aruba -1.248 108 1992 - 2022
Bangladesh -1.248 109 1976 - 2022
Barbados -1.248 110 1974 - 2022
Belize -1.248 111 1985 - 2022
Benin -1.248 112 1979 - 2022
Bhutan -1.248 113 1985 - 2022
Bosnia & Herz. -1.248 114 1999 - 2022
Brazil -1.248 115 1970 - 2022
Burkina Faso -1.248 116 1988 - 2022
Burma -1.248 117 1970 - 2022
Cameroon -1.248 118 1970 - 2022
C.A. Republic -1.248 119 1970 - 2022
Chad -1.248 120 1970 - 2022
China -1.248 121 1984 - 2022
Comoros -1.248 122 1981 - 2022
DR Congo -1.248 123 1970 - 2022
Eq. Guinea -1.248 124 1973 - 2022
Ethiopia -1.248 125 1970 - 2022
Fiji -1.248 126 1975 - 2022
Gabon -1.248 127 1970 - 2022
Grenada -1.248 128 1979 - 2022
G.-Bissau -1.248 129 1981 - 2022
Honduras -1.248 130 1970 - 2022
India -1.248 131 1970 - 2022
Ivory Coast -1.248 132 1970 - 2022
Laos -1.248 133 1970 - 2022
Lesotho -1.248 134 1972 - 2022
Libya -1.248 135 1970 - 2022
Madagascar -1.248 136 1970 - 2022
Malawi -1.248 137 1970 - 2022
Mali -1.248 138 1970 - 2022
Mauritania -1.248 139 1970 - 2022
Moldova -1.248 140 1996 - 2022
Morocco -1.248 141 1970 - 2022
Mozambique -1.248 142 1988 - 2022
Namibia -1.248 143 1994 - 2022
Nepal -1.248 144 1970 - 2022
Niger -1.248 145 1970 - 2022
Pakistan -1.248 146 1970 - 2022
R. of Congo -1.248 147 1970 - 2022
Russia -1.248 148 1996 - 2022
St. Vincent & ... -1.248 149 1983 - 2022
Samoa -1.248 150 1975 - 2022
Senegal -1.248 151 1970 - 2022
Sierra Leone -1.248 152 1970 - 2022
Solomon Isl. -1.248 153 1982 - 2022
South Africa -1.248 154 1970 - 2022
Sri Lanka -1.248 155 1970 - 2022
Suriname -1.248 156 1970 - 2022
Swaziland -1.248 157 1973 - 2022
Tanzania -1.248 158 1970 - 2022
Togo -1.248 159 1970 - 2022
Tonga -1.248 160 1989 - 2022
Tunisia -1.248 161 1970 - 2022
Turkey -1.248 162 1970 - 2022
Turkmenistan -1.248 163 1996 - 2022
Uzbekistan -1.248 164 1996 - 2022
Angola -1.935 165 1993 - 2022
Bahamas -1.935 166 1977 - 2022
Burundi -1.935 167 1970 - 2022
Eritrea -1.935 168 1998 - 2022
Ghana -1.935 169 1970 - 2022
Guinea -1.935 170 1970 - 2022
Iran -1.935 171 1970 - 2022
Syria -1.935 172 1970 - 2022
Ukraine -1.935 173 1996 - 2022
Venezuela -1.935 174 1970 - 2022


New - World map: Financial openness




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:

Are trade deficits bad for the economy?

Sources of economic growth

Currency values and investment returns

How to write an economics research paper

All articles

1. Armenia
2. Australia
3. Austria
4. Bahrain
5. Belgium
6. Botswana
7. Cambodia
8. Canada
9. Cape Verde
10. Costa Rica
11. Cyprus
12. Czechia
13. Denmark
14. Estonia
15. Finland
16. France
17. Gambia
18. Georgia
19. Germany
20. Greece
21. Guatemala
22. Hong Kong
23. Hungary
24. Ireland
25. Israel
26. Italy
27. Japan
28. Jordan
29. Latvia
30. Lithuania
31. Malta
32. Netherlands
33. New Zealand
34. Nicaragua
35. Norway
36. Panama
37. Peru
38. Portugal
39. Qatar
40. Seychelles
41. Singapore
42. South Korea
43. Spain
44. Sweden
45. Switzerland
46. UA Emirates
47. UK
48. Uruguay
49. USA
50. Yemen
51. Zambia
52. Iceland
53. Vanuatu
54. Oman
55. Maldives
56. Mongolia
57. Domin. Rep.
58. Ant.& Barb.
59. Rwanda
60. Uganda
61. Tr.&Tobago
62. Haiti
63. Liberia
64. Chile
65. Croatia
66. Djibouti
67. Ecuador
68. El Salvador
69. Kenya
70. Kiribati
71. Kuwait
72. Mauritius
73. Mexico
74. Poland
75. San Marino
76. Saudi Arabia
77. Slovenia
78. Guyana
79. S.T.&Principe
80. Slovakia
81. Sudan
82. Kyrgyzstan
83. Bulgaria
84. Azerbaijan
85. Bolivia
86. Jamaica
87. Lebanon
88. North Macedonia
89. Paraguay
90. Philippines
91. Saint Lucia
92. Albania
93. Belarus
94. Colombia
95. Dominica
96. Egypt
97. Indonesia
98. Malaysia
99. Thailand
100. Vietnam
101. Zimbabwe
102. Nigeria
103. Papua N.G.
104. Tajikistan
105. Argentina
106. Kazakhstan
107. Algeria
108. Aruba
109. Bangladesh
110. Barbados
111. Belize
112. Benin
113. Bhutan
114. Bosnia & Herz.
115. Brazil
116. Burkina Faso
117. Burma
118. Cameroon
119. C.A. Republic
120. Chad
121. China
122. Comoros
123. DR Congo
124. Eq. Guinea
125. Ethiopia
126. Fiji
127. Gabon
128. Grenada
129. G.-Bissau
130. Honduras
131. India
132. Ivory Coast
133. Laos
134. Lesotho
135. Libya
136. Madagascar
137. Malawi
138. Mali
139. Mauritania
140. Moldova
141. Morocco
142. Mozambique
143. Namibia
144. Nepal
145. Niger
146. Pakistan
147. R. of Congo
148. Russia
149. St. Vincent & ...
150. Samoa
151. Senegal
152. Sierra Leone
153. Solomon Isl.
154. South Africa
155. Sri Lanka
156. Suriname
157. Swaziland
158. Tanzania
159. Togo
160. Tonga
161. Tunisia
162. Turkey
163. Turkmenistan
164. Uzbekistan
165. Angola
166. Bahamas
167. Burundi
168. Eritrea
169. Ghana
170. Guinea
171. Iran
172. Syria
173. Ukraine
174. Venezuela
2.290
2.290
2.290
2.290
2.290
2.290
2.290
2.290
2.290
2.290
2.290
2.290
2.290
2.290
2.290
2.290
2.290
2.290
2.290
2.290
2.290
2.290
2.290
2.290
2.290
2.290
2.290
2.290
2.290
2.290
2.290
2.290
2.290
2.290
2.290
2.290
2.290
2.290
2.290
2.290
2.290
2.290
2.290
2.290
2.290
2.290
2.290
2.290
2.290
2.290
2.290
2.037
2.037
1.785
1.603
1.603
1.280
1.212
1.212
1.212
1.098
1.092
1.092
1.028
1.028
1.028
1.028
1.028
1.028
1.028
1.028
1.028
1.028
1.028
1.028
1.028
1.028
0.839
0.526
0.455
0.405
0.341
0.202
0.014
-0.050
-0.050
-0.050
-0.050
-0.050
-0.050
-0.050
-0.171
-0.171
-0.171
-0.171
-0.171
-0.171
-0.171
-0.171
-0.171
-0.171
-0.673
-0.673
-0.673
-0.996
-0.996
-1.248
-1.248
-1.248
-1.248
-1.248
-1.248
-1.248
-1.248
-1.248
-1.248
-1.248
-1.248
-1.248
-1.248
-1.248
-1.248
-1.248
-1.248
-1.248
-1.248
-1.248
-1.248
-1.248
-1.248
-1.248
-1.248
-1.248
-1.248
-1.248
-1.248
-1.248
-1.248
-1.248
-1.248
-1.248
-1.248
-1.248
-1.248
-1.248
-1.248
-1.248
-1.248
-1.248
-1.248
-1.248
-1.248
-1.248
-1.248
-1.248
-1.248
-1.248
-1.248
-1.248
-1.248
-1.248
-1.248
-1.248
-1.248
-1.935
-1.935
-1.935
-1.935
-1.935
-1.935
-1.935
-1.935
-1.935
-1.935
-1.94
-0.9
0.2
1.2
2.29


This site uses cookies.
Learn more here


OK