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Country Risk Rankings 1997

Country Risk: Switzerland takes a tumble

March 1, 1997

Country Risk: Switzerland takes a tumble

Global Economic Projections

Country Risk: Methodology

Rank Change Sept to Mar     Total Economic performance   Political risk  Debt indicators Debt in default or rescheduled Credit ratings  Access to bank finance Access to short-term finance Access to capital markets  Discount on financing
Mar 97   Sept 96        
      Weighting: 100 25 25 10 10 10 5 5 5 5
1 1 0 Luxembourg 99.3 25 24.3 10 10 10 5 5 5 5
2 3 1 US 97.09 22.57 24.65 10 10 10 5 5 5 4.86
3 7 4 Singapore 96.16 23.97 23.06 10 10 9.69 5 5 5 4.44
4 5 1 UK 95.73 21.85 24.02 10 10 10 5 5 5 4.86
5 4 -1 Netherlands 95.66 22.24 23.98 10 10 10 5 5 5 4.43
6 11 5 Denmark 95.04 23.22 22.8 10 10 9.38 5 5 5 4.66
7 10 3 Norway 94.74 22.45 22.86 10 10 9.79 5 5 5 4.64
8 8 0 Germany 94.65 20.61 24.17 10 10 10 5 5 5 4.86
9 16 7 Canada 94.4 22.31 23.23 10 10 8.96 5 5 4.9 5
10 2 -8 Switzerland 93.7 19.02 25 10 10 10 5 5 5 4.67
11 14 3 Ireland 93.44 22.72 21.75 10 10 8.96 5 5 5 5
12 9 -3 Austria 93.35 20.29 23.33 10 10 10 5 5 5 4.72
13 12 -1 Japan 93.04 18.38 24.65 10 10 10 5 5 5 5
14 6 -8 France 92.4 19.42 23.12 10 10 10 5 5 5 4.86
15 17 2 Finland 92.06 22.24 21.51 10 10 8.96 5 5 4.9 4.45
16 15 -1 New Zealand 91.68 21.26 21.4 10 10 9.38 5 5 5 4.65
17 18 1 Australia 91.68 21.45 21.48 10 10 8.75 5 5 5 5
18 13 -5 Belgium 91.1 20.2 22 10 10 9.38 5 5 4.8 4.72
19 19 0 Taiwan 90.44 22.55 20.99 10 10 8.75 5 5 3.8 4.35
20 20 0 Sweden 89.17 19.92 21.45 10 10 8.54 5 5 4.8 4.47
21 23 2 Spain 87.51 19.57 19.8 10 10 8.75 5 5 4.9 4.48
22 22 0 South Korea 87.04 21.16 20 10 10 7.92 5 5 3.8 4.16
23 26 3 Portugal 86.52 19.27 19.84 10 10 7.92 5 5 5 4.49
24 58 34 Bermuda 85.96 24.38 16.53 10 10 8.96 5 5 3.9 2.2
25 21 -4 Italy 85.39 17.54 20.49 10 10 8.33 5 5 4.8 4.23
26 24 -2 Iceland 85.04 19.73 19.29 10 10 7.5 5 5 4.2 4.32
27 25 -2 Hong Kong 84.61 20.76 19.35 10 10 6.88 5 5 3.8 3.82
28 27 -1 Malaysia 83.32 21.49 18.78 9.2 10 7.5 4.09 4.17 3.9 4.2
29 28 -1 Brunei 82.76 24.21 18.75 10 10 0 5 5 4.8 5
30 39 9 Cyprus 80.38 21.3 15.85 10 10 7.5 5 3.75 3.2 3.78
31 31 0 United Arab Emirates 80.3 19.53 17.5 10 10 5.63 5 5 4 3.64
32 29 -3 Chile 79.94 19.45 18.94 8.7 9.92 6.04 4.62 4.17 3.9 4.2
33 43 10 Qatar 77.39 18.83 16.05 10 10 5 5 5 3.8 3.71
34 30 -4 Thailand 77.09 19.11 16.87 9.23 10 6.88 3.85 4.17 2.9 4.09
35 32 -3 Israel 75.59 16.98 16.26 10 10 6.25 5 3.67 3.8 3.64
36 33 -3 Kuwait 75.18 16.33 16.22 10 10 6.25 5 3.67 4 3.71
37 35 -2 Czech Republic 74.54 19.67 17.82 9.2 10 6.25 2.41 1.17 3.8 4.23
38 34 -4 Slovenia 73.97 18.38 16.06 9.55 10 6.46 3.47 2.33 3.8 3.91
39 60 21 Bahamas 73.58 23.69 15.65 10 10 0 5 5 2.9 1.34
40 38 -2 Saudi Arabia 73.5 16.48 16.17 10 10 4.38 5 3.67 4.1 3.71
41 37 -4 Greece 73.26 13.84 16.54 10 10 4.79 5 5 4 4.09
42 42 0 Bahrain 71.13 15.89 14.98 10 10 3.75 5 3.9 3.9 3.71
43 41 -2 Indonesia 70.95 18.08 15.7 8.36 10 4.69 2.88 4.17 3.3 3.77
44 36 -8 Malta 70.91 22.97 19.51 0 10 7.08 0 3.8 3.8 3.74
45 40 -5 China 70.5 18.24 16.4 9.49 10 5.63 0.06 3.17 3.6 3.92
46 44 -2 Hungary 70.06 17.54 15.15 7.92 10 4.38 5 2.5 3.7 3.87
47 45 -2 Oman 69.92 17.59 15.96 9.38 10 4.69 0 5 3.6 3.71
48 48 0 South Africa 69.88 16.18 14.39 10 10 3.75 5 3.17 3.3 4.09
49 64 15 Mauritius 67.82 21.58 16 9.12 10 5 1.12 2.5 2.5 0
50 46 -4 India 64.61 15.3 14.55 8.84 9.95 4.06 0.28 4.17 3.2 4.27
51 52 1 Mexico 64.14 15.45 13.57 8.37 9.86 3.13 2.44 3.83 3.5 3.99
52 47 -5 Colombia 63.68 13.27 14.34 8.91 9.85 4.38 1.8 3.67 3.3 4.16
53 49 -4 Slovak Republic 63.46 16.26 14.57 9.28 10 4.38 0.31 1.5 3.4 3.77
54 51 -3 Philippines 63.14 16.9 14.57 8.84 8.36 3.13 1.05 3 3.5 3.81
55 50 -5 Tunisia 62.86 14.88 14.92 8.74 10 4.38 0.14 2.83 3.2 3.78
56 56 0 Uruguay 62.46 19.31 12.77 8.91 8.92 3.96 0.33 3.83 1 3.43
57 65 8 Botswana 61.76 18.15 15.76 9.7 10 0 0 4.17 1.4 2.58
58 67 9 Trinidad&Tobago 59.53 17.78 12.93 8.87 9.13 3.75 0 4.17 2.9 0
59 54 -5 Argentina 59.17 15.73 13.35 8.59 6.39 2.19 0.68 4.67 3.6 3.99
60 57 -3 Brazil 59.11 14.36 12.4 8.63 9 1.88 1.43 4.17 3.4 3.85
61 74 13 Croatia 57.58 14.12 11.25 9.55 10 4.38 1.37 0.83 2.8 3.28
62 55 -7 Poland 56.58 18.43 14.71 9.16 0 4.58 0.28 1.83 3.6 3.97
63 75 12 Latvia 55.04 11.86 11.38 9.85 10 5 0 2.6 2.6 1.75
64 77 13 Egypt 54.73 14.13 12.21 8.59 7.27 3.75 0 2.5 2.7 3.58
65 70 5 Paraguay 54.04 16.39 10.96 9.39 10 2.5 0.01 3.5 1.3 0
66 66 0 Morocco 53.65 13.09 13.24 8.14 9.32 0 0.19 3 3.1 3.57
67 53 -14 Turkey 53.39 11.02 11.94 8.63 10 1.88 0.84 2.83 2.9 3.36
68 139 71 Swaziland 53.36 21.91 11.65 9.6 10 0 0 0 0.2 0
69 71 2 Estonia 53.21 14.24 11.74 9.88 10 0 0 3 2.5 1.85
70 72 2 Jordan 53.2 14.86 11.3 7.91 7.57 2.5 0 3.5 2.2 3.36
71 62 -9 Barbados 52.81 19.87 12.76 0 10 3.13 0 4.33 1.5 1.22
72 59 -13 Lithuania 52.52 11.31 10.8 9.81 10 3.44 0 3 2.7 1.47
73 63 -10 Vietnam 52.41 14.48 11.73 8.04 10 0 0 2 2.7 3.46
74 69 -5 Panama 52.36 14.55 10.75 8.49 9.62 0 0 3.33 2.9 2.72
75 61 -14 Romania 51.65 10.94 11.21 9.44 10 2.5 0.42 1.33 3 2.81
76 146 70 Seychelles 50.51 21.29 9.9 9.32 10 0 0 0 0 0
77 88 11 Costa Rica 50.23 17.63 11.01 8.96 9.25 0 0.09 2.5 0.8 0
78 89 11 El Salvador 49.39 14.79 9.14 9.38 8.98 3.13 0 3.67 0.3 0
79 84 5 Sri Lanka 49.19 12.7 9.51 8.92 10 0 0 3 2.1 2.96
80 78 -2 Venezuela 49.08 12.32 10.38 8.74 10 2.19 0.09 2.67 2.7 0
81 82 1 Lebanon 48.98 12.58 9.52 9.24 9.33 0 0.34 1.5 3.2 3.27
82 68 -14 Pakistan 48.94 10.1 8.98 8.58 10 1.56 0.97 3.5 2.5 2.75
83 73 -10 Peru 48.19 11.97 10.98 8.83 6.84 1.25 0.19 2 2.5 3.64
84 81 -3 Ghana 47.85 10.77 10.1 8.05 9.91 0 0 3.33 2.7 2.99
85 79 -6 Papua New Guinea 47.68 12.87 9.46 8.72 10 0 1.23 3.5 1.9 0
86 80 -6 Ecuador 46.57 10.55 9.2 8.1 9.72 0 0.99 3.17 1.9 2.94
87 124 37 Lesotho 46.35 13.87 9.94 9.14 10 0 0 1.7 1.7 0
88 91 3 Bolivia 45.93 11.26 9.36 7.95 9.15 0 0.9 3.33 1.6 2.38
89 106 17 Dominican Republic 45.36 13.75 7.6 9.14 8.18 0 0 3.17 1 2.52
90 102 12 Jamaica 44.15 13.73 8.8 7.64 8.97 0 1.36 3.25 0.4 0
91 86 -5 Russia 43.97 9.66 8.09 9.31 8.26 3.13 0 1 2.9 1.63
92 98 6 Gabon 43.47 13.84 7.56 7.91 9.8 0 0 4.17 0.2 0
93 107 14 Guatemala 43.27 14.04 8.46 9.4 8.51 0 0 2.17 0.7 0
94 94 0 Bangladesh 42.65 9.03 9.44 8.86 10 0 0 2.83 0.3 2.19
95 76 -19 Zimbabwe 42 10.83 10.19 0 10 0 2.9 3.83 1.7 2.54
96 87 -9 Kenya 41.22 8.48 9.1 7.94 10 0 0 2.17 1.5 2.03
97 104 7 Senegal 40.84 10.54 7.17 8.39 9.72 0 0.02 4 1 0
98 129 31 Kazakhstan 40.25 9.85 8.39 9.56 2.38 2.5 0.16 2.8 2.8 1.82
99 93 -6 Nepal 40.11 6.16 9.1 9.04 10 0 0 3.5 0.1 2.22
100 149 49 Syria 39.78 10.33 7.52 8.03 10 0 0 1.5 2.4 0
101 96 -5 Côte d’Ivoire 38.84 9.11 7.29 5.9 9.5 0 0.76 4.17 2.1 0
102 97 -5 Algeria 38.53 7.8 6.43 7.88 10 0 0 3 2.3 1.12
103 115 12 Burkina Faso 38.43 9.11 6.52 8.87 9.43 0 0 4 0.5 0
104 118 14 Honduras 37.46 9.42 6.94 7.43 9.18 0 1.12 3.17 0.2 0
105 99 -6 Uganda 36.7 8.24 7.23 8.53 9.5 0 0 3 0.2 0
106 123 17 Niger 36.39 7.89 6.39 8.19 9.73 0 0 4 0.2 0
107 103 -4 FYR Macedonia 35.6 9.35 5.72 9.02 10 0 0 0 0.7 0.81
108 108 0 Solomon Islands 35.53 0 11.92 9.38 10 0 0.63 3.5 0.1 0
109 85 -24 Fiji 35.47 0 12.19 9.65 10 0 0 3.33 0.3 0
110 111 1 Vanuatu 35.32 0 12.08 9.64 10 0 0 3.5 0.1 0
111 92 -19 Bulgaria 35.07 6.57 6.09 8.22 9.4 0.63 0 1.83 0.8 1.54
112 131 19 Benin 34.79 8.9 4.95 8.63 9.01 0 0 2 1.3 0
113 125 12 Moldova 33.79 7.98 5.23 9.53 6.92 3.13 0 0 1 0
114 148 34 Mongolia 33.71 7.1 7.2 8.91 10 0 0 0 0.5 0
115 128 13 Namibia 33.46 17.89 11.26 0 0 0 0 0 1.3 3.01
116 109 -7 Cambodia 33.25 6.83 5.31 8.96 10 0 0 1.83 0.3 0
117 147 30 Uzbekistan 33.03 8.01 6.41 9.76 5.65 0 0 0 2 1.19
118 83 -35 Myanmar 32.92 10.22 7.14 0 10 0 0 3.17 0.2 2.2
119 95 -24 Belize 32.56 0 9.74 9.01 9.6 0 0 3.5 0.7 0
120 133 13 Chad 32.51 5.98 3.43 8.7 10 0 0 4 0.4 0
121 116 -5 Malawi 32.44 5.25 6.17 6.99 10 0 0 3.83 0.2 0
122 122 0 Cameroon 32.02 7.79 4.03 7.87 8.86 0 0 2.17 1.3 0
123 113 -10 Western Samoa 32 0 13.04 8.76 10 0 0 0 0.2 0
124 130 6 Laos 30.79 9.22 5.42 8.11 3.65 0 0 3.5 0.9 0
125 117 -8 Mali 30.78 5.63 6.85 7.86 9.64 0 0 0 0.8 0
126 110 -16 The Gambia 30.34 12.4 5.71 0 10 0 0 1.83 0.4 0
127 121 -6 Mauritania 30.28 12.21 2.84 6.06 9.06 0 0 0 0.1 0
128 127 -1 Madagascar 30.21 5.36 4.53 7.79 9.84 0 0 2.5 0.2 0
129 132 3 Maldives 30.08 0 11.12 8.86 10 0 0 0 0.1 0
130 141 11 Yemen 29.82 5.88 3.89 7.79 10 0 0 2.17 0.1 0
131 100 -31 St Lucia 29.77 0 10.11 9.56 10 0 0 0 0.1 0
132 112 -20 Togo 29.75 6.68 5.59 8.06 9.23 0 0 0 0.2 0
133 114 -19 Albania 29.58 3.09 4.92 9.54 10 0 0 1.83 0.2 0
134 134 0 Guinea 29.55 8.37 2.78 8.04 9.35 0 0 0 1 0
135 105 -30 Iran 29.44 10.21 8.2 0 7.04 0 0 1.5 2.5 0
136 135 -1 Ukraine 29.31 6.23 5.27 9.71 2.95 0 0.07 2.5 1.4 1.19
137 145 8 Haiti 28.99 5.8 2.06 8.21 10 0 0 2.83 0.1 0
138 119 -19 Central African Republic 28.58 10.48 3.81 0 10 0 0 4 0.3 0
139 136 -3 Tanzania 28.49 4.26 5.28 6.65 9.64 0 0.03 1.83 0.8 0
140 101 -39 Dominica 28.42 0 9.1 9.22 10 0 0 0 0.1 0
141 137 -4 Armenia 27.5 7.05 2.28 9.66 7.8 0 0 0 0.7 0
142 160 18 Congo 27.29 7.44 2.84 4.53 9.67 0 0 2.5 0.3 0
143 143 0 Saint Vincent & the Grenadines 27.17 0 8.43 8.64 10 0 0 0 0.1 0
144 126 -18 Nigeria 26.78 4.34 3.85 7.73 8.43 0 0 1.83 0.6 0
145 155 10 Rwanda 25.58 6.8 0.38 8.4 10 0 0 0 0 0
146 157 11 Turkmenistan 24.94 6.9 5.26 0 10 0 0 0 1.8 0.98
147 150 3 Cape Verde 24.72 0 5.5 9.12 10 0 0 0 0.1 0
148 165 17 Angola 24.64 4.52 1.76 5.86 10 0 0 1 1.5 0
149 158 9 Equatorial Guinea 24.18 11.14 2.84 0 10 0 0 0 0.2 0
150 152 2 Nicaragua 23.32 9.17 3.18 0.78 7.95 0 0 1.83 0.4 0
151 163 12 Guinea-Bissau 23.08 4.33 2.39 3.9 9.59 0 0 2.67 0.2 0
152 161 9 Mozambique 22.87 4.46 2.84 2.91 8.24 0 2.19 1.83 0.4 0
153 168 15 Azerbaijan 22.75 5.83 3.92 0 10 0 0 1.5 1.5 0
154 142 -12 Belarus 22.7 3.24 2.78 9.79 5.99 0 0 0 0.9 0
155 177 22 Surinam 22.54 17.39 4.95 0 0 0 0 0 0.2 0
156 162 6 Sierra Leone 21.86 3.49 2.02 5.63 8.79 0 0 1.83 0.1 0
157 120 -37 Zambia 21.84 3.94 3.41 1.81 9.72 0 0.02 1.83 1.1 0
158 90 -68 Tonga 21.43 0 11.23 0 10 0 0 0 0.2 0
159 140 -19 Ethiopia 20.88 5.35 4.19 0 9.32 0 0 1.83 0.2 0
160 138 -22 Guyana 20.39 0 4.38 4.32 8.99 0 0 2.5 0.2 0
161 144 -17 Bhutan 20.33 0 7.56 0 10 0 0 2.67 0.1 0
162 173 11 Tajikistan 20.23 1.04 2.94 9.52 5.73 0 0 0 1 0
163 167 4 Libya 20.15 9.05 9.43 0 0 0 0 1.67 0 0
164 171 7 Sao Tome & Principe 20.09 4.73 5.43 0 9.83 0 0 0 0.1 0
165 151 -14 Grenada 19.9 0 9.7 0 10 0 0 0 0.2 0
166 – – Yugoslavia 19.83 4.18 4.42 0 10 0 0 0.33 0.9 0
167 169 2 New Caledonia 19.53 0 14.43 0 0 0 0 5 0.1 0
168 172 4 Somalia 16.53 4.59 0 0 10 0 0 1.83 0.1 0
169 156 -13 Kyrgyzstan 16.41 5.37 4.35 0 4.88 0 0 0 1.8 0
170 159 -11 Sudan 16.4 3.22 1.34 0 10 0 0 1.83 0 0
171 170 -1 Liberia 15.19 2.72 0.64 0 10 0 0 0.83 1 0
172 164 -8 Zaire 14.74 0.9 1.4 0 10 0 0 1.83 0.6 0
173 153 -20 Georgia 14.03 7.25 2.54 0 3.55 0 0 0 0.7 0
174 154 -20 Djibouti 13.87 0 3.77 0 10 0 0 0 0.1 0
175 174 -1 Cuba 10.35 5.86 1.55 0 0 0 0 1.83 1.1 0
176 166 -10 Antigua & Barbuda 6.56 0 6.06 0 0 0 0 0 0.5 0
177 175 -2 Iraq 5.98 4.18 0.97 0 0 0 0 0.83 0 0
178 178 0 Afghanistan 4.09 2.56 1.54 0 0 0 0 0 0 0
179 176 -3 North Korea 3.08 0 1.25 0 0 0 0 1.83 0 0
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