The Euromoney Belt and Road Index (EBRI) combines International Monetary Fund (IMF) GDP figures with investment climate (IC) scores sourced from economists and political experts who ranked countries on the Euromoney Country Risk platform. The index therefore combines qualitative, crowd-sourced opinion with quantitative data. Using these sources EBRI aims to provide a clear and credible index representing the politico-economic environment and investment climate.
The latest results of Euromoney's Belt & Road Index (EBRI) reveal that 45 of the 68 countries have lower values on account of their GDP either declining or some of the economic and political risk ratings associated with their business climates and infrastructure projects worsening.
Large fallers once again include Belarus, Russia and Ukraine, naturally due to the conflict, plus Bhutan, Egypt, Estonia, Hungary, Jordan, North Macedonia, Poland and Sri Lanka, among others.
Only 23 countries have higher values since the previous quarter, led by a large jump for Nepal, but the number of countries with index values larger than 100 has remained stable at 53.
Countries with scores of 100 or more are included in the top three (of five) categories, or tiers, showing rising GDP and/or improving investor climates since China’s Belt & Road Initiative was inaugurated in 2013.
The latest survey is notable for worsening regional index values for Asia, Africa and Central and Eastern Europe, while the Middle East score has improved marginally thanks to better prospects for oil producers. The Asian score nevertheless remains far higher than for any other world region.
There are no changes to tier 1 in the second quarter of 2022, containing (in order) the Maldives, Nepal, Bangladesh, Bhutan, Turkmenistan, Vietnam, Ethiopia, Cambodia, Bosnia & Herzegovina and Laos. They are countries with scores above 200, showing the most improved growth rates and/or investor risk climates since the BRI began.
Similarly, there are no changes to any of the other tiers this time, with Belarus, Russia, Afghanistan, Turkey, Lebanon and Yemen propping up the rankings in the lowest category (tier 5).
For more detailed results and the methodology used, click below: