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Country risk March 2011: Country rankings and acknowledgements

Tuesday, February 22, 2011

Country risk March 2011: Middle East drops, sub-Saharan Africa rises


Methodology

Acknowledgements

More about ECR

For full current rankings visit www.euromoneycountryrisk.com. 


Current risk score
Current rankSept '10Country nameCurrent scoreEconomic (% score, 30% weighting)Political (% score, 30% weighting)Structural (% score, 10% weighting)Credit rating (score out of 10, weighting 10%)Debt indicators (score out of 10, weighting 10%)Access to capital markets (score out of 10, weighting 10%)
11Norway93.4490.4092.9784.1010.0010.0010.00
26Luxembourg91.0381.0093.6786.2510.0010.0010.00
32Switzerland89.5982.5087.2386.7110.0010.0010.00
44Denmark89.2178.3392.1083.2510.0010.009.75
53Sweden88.7478.1790.8382.8310.0010.009.75
612Singapore87.4878.2586.2883.7510.0010.009.75
75Finland86.9674.0089.2979.7110.0010.0010.00
88Netherlands86.6775.6087.3877.7010.0010.0010.00
97Canada86.1773.5088.9776.7510.0010.009.75
1010Australia85.3674.5085.6577.639.7910.009.75
119Hong Kong84.8481.6782.8383.259.1710.008.00
1213Germany84.4370.9284.5977.7910.0010.0010.00
1311Austria84.0172.2082.2876.6510.0010.0010.00
1414New Zealand83.6262.6791.1581.509.5810.009.75
1517United States81.6060.6785.2578.3510.0010.0010.00
1616United Kingdom80.0459.8082.9174.8010.0010.009.75
1723Taiwan80.0474.6075.8974.707.9210.009.50
1817France79.8962.5679.3073.3910.0010.0010.00
1922Cyprus77.0267.0075.9774.297.7110.009.00
2020Belgium76.8762.2578.8271.759.3810.008.00
2121Qatar75.5379.7566.1759.818.7510.007.00
2230Macau75.5280.0060.0074.008.1310.008.00
2328Malta75.2766.6770.4178.757.2910.009.00
2429Czech Republic 74.7769.5571.8365.597.2910.008.50
2519Japan74.6653.8076.7970.808.5410.009.88
2624Slovenia74.4557.5076.2265.818.7510.009.00
2715Chile73.6175.6375.4268.347.507.956.00
2827Slovak Republic73.4266.0071.7963.207.5010.008.25
2925Korea South72.2865.7567.8669.137.2910.008.00
3032Italy71.2057.7165.9470.008.1310.009.00
3140Poland70.9964.3669.6758.026.4610.008.50
3239Kuwait70.4776.0055.3455.008.5410.007.00
3334United Arab Emirates69.7067.5059.7153.968.1310.008.00
3437Spain67.7344.1171.2667.619.3810.007.00
3541Oman67.6571.2561.9954.637.1910.005.00
3638Bahrain67.3971.6760.4758.586.8810.005.00
3731Israel66.8359.0068.1171.257.0810.004.50
3835Saudi Arabia65.1272.1451.6753.368.1310.004.50
3960Malaysia64.7560.8060.6365.406.258.047.50
4036China63.5566.8848.4752.417.718.737.25
4142Brazil63.2267.7564.5060.924.388.564.50
4245Thailand63.0065.3352.8966.005.429.036.50
4326Ireland61.7238.2766.6973.527.9210.005.00
4433Portugal61.3542.1464.3161.367.2910.006.00
4563Panama60.4269.3361.5041.254.388.624.00
4647Iceland59.8441.5073.4961.884.1710.005.00
4753Hungary59.6747.5559.4155.895.0010.007.00
4844South Africa59.2055.4460.3654.315.839.184.00
4965Bahamas59.1638.0062.7450.005.9410.008.00
5051Estonia58.7962.7570.3267.887.080.005.00
5148Colombia58.7264.2261.3058.363.758.473.00
5261Indonesia58.2762.7551.7253.383.338.506.75
5343Mexico58.1356.0055.1462.885.218.814.50
5450Turkey57.0760.9460.0756.703.337.254.50
5555Lithuania57.0547.0062.4857.835.216.726.50
5649India56.9657.0049.6651.824.388.407.00
5752Russia56.8361.5644.3049.045.218.456.50
5846Peru56.7065.2551.7647.564.388.953.50
5954Croatia56.4746.1756.6357.674.3810.005.50
6066Sri Lanka54.8656.3352.0171.001.888.415.00
6158Philippines54.4652.6750.0857.502.928.236.75
62102Botswana54.0047.0050.9633.336.568.696.00
6359Bulgaria53.8257.5052.5742.804.586.915.00
6468Latvia52.4746.1761.1454.673.966.854.00
6556Greece52.3838.8556.1259.523.9610.004.00
6688Brunei51.8159.0050.000.000.0010.009.00
6762Morocco51.2846.6752.2151.754.178.783.50
6867Jordan50.4246.6754.7648.003.139.063.00
6983Armenia49.6652.0051.1150.922.817.573.25
7091Bermuda49.480.0069.000.008.9610.009.75
7175Vietnam49.4646.0044.2650.832.298.276.75
7273Romania49.0949.7844.7945.193.966.995.25
7374Costa Rica48.8139.0054.4454.383.338.024.00
7472Kazakhstan47.9155.0044.7652.004.794.004.00
7557Uruguay47.7954.5034.7263.132.928.333.50
7671Georgia47.7744.0055.3460.561.888.561.50
7777Namibia47.6550.0063.0358.754.380.003.50
7887Azerbaijan46.9552.7538.9128.443.969.123.50
7981Libya46.8562.6740.5254.585.940.004.50
80114Honduras46.3454.0043.0048.001.258.193.00
8169Tunisia45.4135.5043.2249.695.007.354.50
8280El Salvador45.1650.0045.3636.253.136.783.00
8385Gabon44.8553.0032.0756.502.508.213.00
84105Mauritius44.7829.5043.9831.885.009.545.00
8595Ghana44.7147.7146.9438.391.568.892.00
8670Serbia44.3443.2548.2358.812.506.542.00
8790Macedonia (FYR)44.2346.6744.6138.333.447.062.50
8864Egypt44.0138.1139.6943.363.549.303.50
8978Ukraine43.9746.6242.4854.731.466.583.75
9086Argentina43.7345.6341.6857.031.048.322.50
9176Lebanon43.5345.2545.5861.311.467.221.50
9282Albania42.7738.0041.4748.381.888.483.75
9392Venezuela42.4747.6732.1653.671.889.302.00
94118Mongolia42.0944.3340.8530.001.887.634.00
95110Nigeria42.0545.5633.6745.752.199.542.00
9679Paraguay40.3351.0024.7053.251.259.072.00
97112Seychelles40.2745.0051.0060.000.633.371.50
9896Belarus39.8443.7534.3827.811.888.733.00
99101Algeria39.5045.8037.4050.600.005.504.00
100100Mozambique38.7941.0047.000.001.568.742.00


Thank you:  

With special thanks to the World Bank, Standard & Poor’s, Moody’s Investors Service, Fitch IBCA and the following economists/institutions for their contributions: Adam Antoniak, Bank BPH SA; Anjali Verma, MF Global Sify Securities I Pvt Ltd; Azusa Kato, BNP Paribas; Bernard Musyck, Frederick University; Camilo Perez, Banco de Bogota; Cheng Cheng-Mount, Citibank Taiwan; Colen Garrow, Brait SA Ltd; Dr Olga Mrinska, Institute of Local and Regional Initiatives; Eduard Hagara, ING Barings; Francesca Panelli, Aletti Gestielle SGR SPA; Hans Holzhacker, Nenci Francesca and Rozália Pál, UniCredit Group; Helena Horska, Raiffeisenbank; John R. Harris, Boston University; Julien Manceaux and Dmitry Polevoy, ING; Madan Sabnavis, Credit Analysis and Research Ltd; Maristella Ansanelli, Banco Fibra; Michael Kappeler, LGT Capital Management; Michael Loufir, National Bank of Greece; Nassib Ghobril, Byblos Bank; Nuchjarin Panarode, Capital Nomura Securities; Olena Bilan, Dragon-Capital; Oliver Kovacs, ICEG European Center; Panicos Demetriades, University of Leicester; Peter Meister, BHF Bank Aktien Gesellschaft; Philip Hanson, Chatham House; Plamen Plantev, ISIS; Pornthep Jubandhu, Siam Commercial Bank; Robin Clements, UBS; Shakill K. Hasssan, University of Cape Town, Tiina Helenius, Handelsbanken; Vicky Redwood, Capital Economics; Vitaliy Vavryshchuk, BG Capital; Henry Mo, Credit Suisse; Lana Soelistianingsih, PT Samuel Sekuritas; Michal Dybula, BNP Paribas; Georgy Y. Ganev, Centre for Liberal Strategies; Wei Li, Standard Chartered Bank China; Pragrom Pathomboorn, Siam Commercial Bank; Aysegul Aykol Kocabas; Tekstil Bankasi; Martin Pelucha, University of Economics in Prague ; Galina Borisova Hale, Federal Reserve Bank of San Francisco; Ilias Lekkos, Piraeus bank, Athens; Dalton Gardimam, Banco Bradesco; M. Nicolas J. Firzli, Canadian European Economic Council; Yasuo Yamamoto, Mizuho Research Institute.

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