Capital Account & Flow Management — National Capability Index

Indicators

The measures seeded for this capability in the framework. They are candidate indicators: no cell in the index has a source document attached to it yet.

capital account openness index
gross external assets and liabilities to GDP
flow management measures in force

Band spread across 197 nations

Frontier 4

Advanced 22

Established 33

Transitional 28

Foundational 44

Nascent 52

Inception 14

All 197 nations

Best first. The score is the mean of the four adjudicators' round-3 integers, rounded to the nearest integer; ±SD is their spread on that cell. Where the spread is three points or more, read the number as a band rather than a value.

#	Nation	Region	Score	Band	Panel SD
1	🇸🇬Singapore	Asia Pacific	19	Frontier	±0.00
2	🇨🇭Switzerland	Europe	19	Frontier	±0.50
3	🇺🇸United States	Americas	19	Frontier	±0.00
4	🇬🇧United Kingdom	Europe	18	Frontier	±0.43
5	🇦🇺Australia	Asia Pacific	17	Advanced	±0.00
6	🇨🇦Canada	Americas	17	Advanced	±0.00
7	🇫🇷France	Europe	17	Advanced	±0.43
8	🇩🇪Germany	Europe	17	Advanced	±0.43
9	🇯🇵Japan	Asia Pacific	17	Advanced	±0.43
10	🇱🇺Luxembourg	Europe	17	Advanced	±0.43
11	🇳🇱Netherlands	Europe	17	Advanced	±0.00
12	🇳🇴Norway	Europe	17	Advanced	±0.43
13	🇸🇪Sweden	Europe	17	Advanced	±0.50
14	🇦🇹Austria	Europe	16	Advanced	±0.00
15	🇧🇪Belgium	Europe	16	Advanced	±0.00
16	🇩🇰Denmark	Europe	16	Advanced	±0.00
17	🇫🇮Finland	Europe	16	Advanced	±0.00
18	🇮🇪Ireland	Europe	16	Advanced	±0.43
19	🇰🇷South Korea	Asia Pacific	16	Advanced	±0.00
20	🇮🇱Israel	Middle East	15	Advanced	±0.00
21	🇮🇹Italy	Europe	15	Advanced	±0.50
22	🇳🇿New Zealand	Asia Pacific	15	Advanced	±0.43
23	🇸🇦Saudi Arabia	Middle East	15	Advanced	±0.87
24	🇪🇸Spain	Europe	15	Advanced	±0.43
25	🇹🇼Taiwan	Asia Pacific	15	Advanced	±0.43
26	🇦🇪United Arab Emirates	Middle East	15	Advanced	±0.00
27	🇨🇱Chile	Americas	14	Established	±0.00
28	🇨🇳China	Asia Pacific	14	Established	±0.71
29	🇨🇿Czechia	Europe	14	Established	±0.00
30	🇪🇪Estonia	Europe	14	Established	±0.43
31	🇮🇸Iceland	Europe	14	Established	±0.00
32	🇱🇹Lithuania	Europe	14	Established	±0.00
33	🇲🇾Malaysia	Asia Pacific	14	Established	±0.00
34	🇲🇹Malta	Europe	14	Established	±0.43
35	🇲🇽Mexico	Americas	14	Established	±0.43
36	🇵🇱Poland	Europe	14	Established	±0.00
37	🇵🇹Portugal	Europe	14	Established	±0.43
38	🇶🇦Qatar	Middle East	14	Established	±0.50
39	🇧🇭Bahrain	Middle East	13	Established	±0.50
40	🇧🇷Brazil	Americas	13	Established	±0.43
41	🇭🇷Croatia	Europe	13	Established	±0.00
42	🇨🇾Cyprus	Middle East	13	Established	±0.50
43	🇬🇷Greece	Europe	13	Established	±0.50
44	🇭🇺Hungary	Europe	13	Established	±0.00
45	🇮🇳India	Asia Pacific	13	Established	±0.00
46	🇱🇻Latvia	Europe	13	Established	±0.43
47	🇱🇮Liechtenstein	Europe	13	Established	±0.00
48	🇸🇰Slovakia	Europe	13	Established	±0.43
49	🇸🇮Slovenia	Europe	13	Established	±0.43
50	🇿🇦South Africa	Africa	13	Established	±0.00
51	🇹🇭Thailand	Asia Pacific	13	Established	±0.00
52	🇧🇬Bulgaria	Europe	12	Established	±0.00
53	🇮🇩Indonesia	Asia Pacific	12	Established	±0.00
54	🇰🇼Kuwait	Middle East	12	Established	±0.00
55	🇲🇺Mauritius	Africa	12	Established	±0.43
56	🇵🇦Panama	Americas	12	Established	±0.43
57	🇵🇪Peru	Americas	12	Established	±0.00
58	🇷🇴Romania	Europe	12	Established	±0.43
59	🇺🇾Uruguay	Americas	12	Established	±0.00
60	🇦🇩Andorra	Europe	11	Transitional	±0.43
61	🇨🇴Colombia	Americas	11	Transitional	±0.00
62	🇨🇷Costa Rica	Americas	11	Transitional	±0.50
63	🇲🇨Monaco	Europe	11	Transitional	±0.87
64	🇴🇲Oman	Middle East	11	Transitional	±0.43
65	🇵🇭Philippines	Asia Pacific	11	Transitional	±0.50
66	🇹🇷Türkiye	Middle East	11	Transitional	±0.00
67	🇧🇸Bahamas	Americas	10	Transitional	±0.00
68	🇧🇼Botswana	Africa	10	Transitional	±0.00
69	🇩🇴Dominican Republic	Americas	10	Transitional	±0.43
70	🇬🇪Georgia	Middle East	10	Transitional	±0.00
71	🇲🇦Morocco	Africa	10	Transitional	±0.00
72	🇷🇺Russia	Europe	10	Transitional	±0.43
73	🇷🇸Serbia	Europe	10	Transitional	±0.00
74	🇻🇳Vietnam	Asia Pacific	10	Transitional	±0.43
75	🇦🇱Albania	Europe	9	Transitional	±0.43
76	🇦🇲Armenia	Middle East	9	Transitional	±0.00
77	🇧🇧Barbados	Americas	9	Transitional	±0.00
78	🇧🇳Brunei	Asia Pacific	9	Transitional	±0.00
79	🇬🇹Guatemala	Americas	9	Transitional	±0.43
80	🇯🇲Jamaica	Americas	9	Transitional	±0.00
81	🇯🇴Jordan	Middle East	9	Transitional	±0.43
82	🇰🇿Kazakhstan	Asia Pacific	9	Transitional	±0.00
83	🇲🇰North Macedonia	Europe	9	Transitional	±0.43
84	🇵🇾Paraguay	Americas	9	Transitional	±0.00
85	🇸🇲San Marino	Europe	9	Transitional	±0.43
86	🇸🇨Seychelles	Africa	9	Transitional	±0.00
87	🇹🇹Trinidad & Tobago	Americas	9	Transitional	±0.50
88	🇦🇬Antigua & Barbuda	Americas	8	Foundational	±0.43
89	🇦🇿Azerbaijan	Middle East	8	Foundational	±0.43
90	🇧🇦Bosnia & Herzegovina	Europe	8	Foundational	±0.43
91	🇪🇨Ecuador	Americas	8	Foundational	±0.50
92	🇪🇬Egypt	Africa	8	Foundational	±0.00
93	🇰🇪Kenya	Africa	8	Foundational	±0.00
94	🇲🇪Montenegro	Europe	8	Foundational	±0.43
95	🇳🇦Namibia	Africa	8	Foundational	±0.00
96	🇳🇬Nigeria	Africa	8	Foundational	±0.43
97	🇸🇳Senegal	Africa	8	Foundational	±0.43
98	🇹🇳Tunisia	Africa	8	Foundational	±0.43
99	🇺🇦Ukraine	Europe	8	Foundational	±0.43
100	🇦🇷Argentina	Americas	7	Foundational	±0.43
101	🇧🇿Belize	Americas	7	Foundational	±0.43
102	🇨🇻Cabo Verde	Africa	7	Foundational	±0.00
103	🇰🇭Cambodia	Asia Pacific	7	Foundational	±0.50
104	🇨🇮Côte d'Ivoire	Africa	7	Foundational	±0.00
105	🇸🇻El Salvador	Americas	7	Foundational	±0.00
106	🇬🇭Ghana	Africa	7	Foundational	±0.43
107	🇲🇩Moldova	Europe	7	Foundational	±0.00
108	🇲🇳Mongolia	Asia Pacific	7	Foundational	±0.43
109	🇷🇼Rwanda	Africa	7	Foundational	±0.43
110	🇱🇰Sri Lanka	Asia Pacific	7	Foundational	±1.30
111	🇹🇿Tanzania	Africa	7	Foundational	±0.50
112	🇺🇬Uganda	Africa	7	Foundational	±0.43
113	🇩🇿Algeria	Africa	6	Foundational	±0.00
114	🇧🇩Bangladesh	Asia Pacific	6	Foundational	±0.00
115	🇧🇯Benin	Africa	6	Foundational	±0.71
116	🇧🇴Bolivia	Americas	6	Foundational	±0.50
117	🇨🇲Cameroon	Africa	6	Foundational	±0.43
118	🇩🇲Dominica	Americas	6	Foundational	±0.43
119	🇸🇿Eswatini	Africa	6	Foundational	±0.43
120	🇫🇯Fiji	Asia Pacific	6	Foundational	±0.00
121	🇬🇩Grenada	Americas	6	Foundational	±0.43
122	🇬🇾Guyana	Americas	6	Foundational	±0.43
123	🇭🇳Honduras	Americas	6	Foundational	±0.43
124	🇽🇰Kosovo	Europe	6	Foundational	±0.43
125	🇰🇬Kyrgyzstan	Asia Pacific	6	Foundational	±0.43
126	🇲🇻Maldives	Asia Pacific	6	Foundational	±0.43
127	🇵🇰Pakistan	Asia Pacific	6	Foundational	±0.71
128	🇰🇳Saint Kitts & Nevis	Americas	6	Foundational	±0.00
129	🇱🇨Saint Lucia	Americas	6	Foundational	±0.00
130	🇻🇨Saint Vincent & Grenadines	Americas	6	Foundational	±0.00
131	🇺🇿Uzbekistan	Asia Pacific	6	Foundational	±0.00
132	🇦🇴Angola	Africa	5	Nascent	±0.43
133	🇧🇾Belarus	Europe	5	Nascent	±0.50
134	🇧🇹Bhutan	Asia Pacific	5	Nascent	±0.43
135	🇧🇫Burkina Faso	Africa	5	Nascent	±0.83
136	🇨🇬Congo	Africa	5	Nascent	±0.50
137	🇩🇯Djibouti	Africa	5	Nascent	±0.43
138	🇪🇹Ethiopia	Africa	5	Nascent	±0.43
139	🇬🇦Gabon	Africa	5	Nascent	±0.43
140	🇬🇲Gambia	Africa	5	Nascent	±0.50
141	🇮🇷Iran	Asia Pacific	5	Nascent	±0.50
142	🇱🇸Lesotho	Africa	5	Nascent	±0.43
143	🇲🇬Madagascar	Africa	5	Nascent	±0.43
144	🇲🇼Malawi	Africa	5	Nascent	±0.50
145	🇲🇱Mali	Africa	5	Nascent	±0.43
146	🇲🇷Mauritania	Africa	5	Nascent	±0.43
147	🇲🇿Mozambique	Africa	5	Nascent	±0.43
148	🇳🇵Nepal	Asia Pacific	5	Nascent	±0.43
149	🇳🇮Nicaragua	Americas	5	Nascent	±0.43
150	🇵🇬Papua New Guinea	Asia Pacific	5	Nascent	±0.00
151	🇸🇹São Tomé & Príncipe	Africa	5	Nascent	±0.50
152	🇸🇱Sierra Leone	Africa	5	Nascent	±0.50
153	🇸🇷Suriname	Americas	5	Nascent	±0.50
154	🇹🇯Tajikistan	Asia Pacific	5	Nascent	±0.50
155	🇹🇱Timor-Leste	Asia Pacific	5	Nascent	±0.43
156	🇹🇬Togo	Africa	5	Nascent	±0.43
157	🇻🇺Vanuatu	Asia Pacific	5	Nascent	±0.43
158	🇿🇲Zambia	Africa	5	Nascent	±0.43
159	🇹🇩Chad	Africa	4	Nascent	±0.50
160	🇨🇩DR Congo	Africa	4	Nascent	±0.50
161	🇬🇶Equatorial Guinea	Africa	4	Nascent	±0.43
162	🇬🇳Guinea	Africa	4	Nascent	±0.00
163	🇬🇼Guinea-Bissau	Africa	4	Nascent	±0.50
164	🇮🇶Iraq	Middle East	4	Nascent	±0.43
165	🇱🇦Laos	Asia Pacific	4	Nascent	±0.00
166	🇱🇷Liberia	Africa	4	Nascent	±0.43
167	🇲🇲Myanmar	Asia Pacific	4	Nascent	±0.43
168	🇳🇪Niger	Africa	4	Nascent	±0.43
169	🇼🇸Samoa	Asia Pacific	4	Nascent	±0.43
170	🇸🇧Solomon Islands	Asia Pacific	4	Nascent	±0.43
171	🇹🇴Tonga	Asia Pacific	4	Nascent	±0.43
172	🇧🇮Burundi	Africa	3	Nascent	±0.00
173	🇰🇲Comoros	Africa	3	Nascent	±0.43
174	🇨🇺Cuba	Americas	3	Nascent	±0.43
175	🇭🇹Haiti	Americas	3	Nascent	±0.50
176	🇰🇮Kiribati	Asia Pacific	3	Nascent	±0.00
177	🇱🇧Lebanon	Middle East	3	Nascent	±0.83
178	🇱🇾Libya	Africa	3	Nascent	±0.43
179	🇲🇭Marshall Islands	Asia Pacific	3	Nascent	±0.43
180	🇫🇲Micronesia	Asia Pacific	3	Nascent	±0.50
181	🇵🇼Palau	Asia Pacific	3	Nascent	±0.00
182	🇵🇸Palestine	Middle East	3	Nascent	±0.83
183	🇹🇲Turkmenistan	Asia Pacific	3	Nascent	±0.43
184	🇦🇫Afghanistan	Asia Pacific	2	Inception	±0.50
185	🇨🇫Central African Rep.	Africa	2	Inception	±0.43
186	🇪🇷Eritrea	Africa	2	Inception	±0.00
187	🇻🇦Holy See	Europe	2	Inception	±0.71
188	🇳🇷Nauru	Asia Pacific	2	Inception	±0.43
189	🇹🇻Tuvalu	Asia Pacific	2	Inception	±0.00
190	🇻🇪Venezuela	Americas	2	Inception	±0.43
191	🇿🇼Zimbabwe	Africa	2	Inception	±0.43
192	🇰🇵North Korea	Asia Pacific	1	Inception	±0.43
193	🇸🇴Somalia	Africa	1	Inception	±0.00
194	🇸🇸South Sudan	Africa	1	Inception	±0.00
195	🇸🇩Sudan	Africa	1	Inception	±0.43
196	🇸🇾Syria	Middle East	1	Inception	±0.43
197	🇾🇪Yemen	Middle East	1	Inception	±0.43

Others in Sovereign Capital & External Financial Power

Capability	World mean	Range	Leader
Official Reserves Management	8.7	1–20	Singapore
Sovereign Wealth & Public Asset Management	6.2	0–20	Norway, Singapore
Currency Internationalisation & Reserve Status	4.0	0–20	United States
International Financial Centre Capability	5.3	0–20	United States