A sizeable domestic economy
Stable domestic macroeconomic conditions and policies
Use of the currency as a currency peg or anchor currency
Convertibility of the currency
Size, depth, openness of the financial markets
Importance of the economy in international trade
INR
RUB
JPY
GBP
EUR
USD
RMB
Share of global GDP
US (USD): 10.8%
Euro Area (EUR): 14.4%
China (RMB): 11.2%
UK (GBP): 3.4%
Japan (JPY): 3.5%
Russia (RUB): 1.6%
India (INR): 2.7%
US (USD): 25.4%
Euro Area (EUR): 14.2%
China (RMB): 17.8%
UK (GBP): 3.1%
Japan (JPY): 4.2%
Russia (RUB): 2.2%
India (INR): 3.4%
Share of global trade
US (USD): 0.8999
Euro Area (EUR): 0.715
China (RMB): 0.635
UK (GBP): 0.854
Japan (JPY): 0.856
Russia (RUB): 0.439
India (INR): 0.582
financial markets index
US (USD): 2.299
Euro Area (EUR): 2.275
China (RMB): -1.242
UK (GBP): 2.299
Japan (JPY): 2.299
Russia (RUB): -1.242
India (INR): -1.242
CHINN-ITO INDEX
US (USD): 54%
Euro Area (EUR): 29.9%
China (RMB): 0%
UK (GBP): 5.9%
Japan (JPY): 3.3%
Russia (RUB): 0%
India (INR): 0.04%
SHARE OF GLOBAL GDP ANCHORED TO CURRENCY
US (USD): AA+
Euro Area (EUR): AAA
China (RMB): A+
UK (GBP): AA
Japan (JPY): A+
Russia (RUB): CC
India (INR): BBB
S&P Long-term credit rating
Source: S&P Global Ratings
Source: Ilzetzki, Reinhart, and Rogoff (2019, 2021)
Source: Chinn-Ito Index
Source: IMF Financial Markets Index
Source: World Bank data (exports and imports), Eurostat
Source: IMF WEO October 2023
Click on the bubbles to see the indicators
