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Country risk survey results

return to As spreads tighten the world gets riskier | Methodology

March 1, 2005

return to As spreads tighten the world gets riskier | Methodology

Country risk survey
Mar 05 Sep 04 Country Total score 100 Political risk 25 Economic performance 25 Debt indicators 10 Default/ rescheduled debt 10 Credit ratings 10 Bank finance access 5 Short-term finance access 5 Capital markets access 5 Forraiting 5
1 2 Norway 99.45 24.69 25.00 10.00 10.00 10.00 5.00 5.00 5.00 4.77
2 3 Switzerland 99.15 25.00 24.38 10.00 10.00 10.00 5.00 5.00 5.00 4.77
3 1 Luxembourg 99.10 24.90 24.43 10.00 10.00 10.00 5.00 5.00 5.00 4.77
4 4 United States 96.93 24.12 22.81 10.00 10.00 10.00 5.00 5.00 5.00 5.00
5 5 Denmark 95.63 24.69 21.18 10.00 10.00 10.00 5.00 5.00 5.00 4.77
6 6 Sweden 94.58 24.76 20.05 10.00 10.00 10.00 5.00 5.00 5.00 4.77
7 7 United Kingdom 93.55 24.52 19.26 10.00 10.00 10.00 5.00 5.00 5.00 4.77
8 9 Finland 93.52 24.77 18.99 10.00 10.00 10.00 5.00 5.00 5.00 4.77
9 10= Austria 93.43 24.59 19.07 10.00 10.00 10.00 5.00 5.00 5.00 4.77
10 8 Ireland 93.26 24.48 19.01 10.00 10.00 10.00 5.00 5.00 5.00 4.77
11 10= Netherlands 93.16 24.81 18.58 10.00 10.00 10.00 5.00 5.00 5.00 4.77
12 12 Canada 92.76 24.56 18.43 10.00 10.00 10.00 5.00 5.00 5.00 4.77
13 14 Japan 91.86 23.62 20.52 10.00 10.00 8.96 5.00 5.00 4.50 4.26
14 13 Belgium 91.74 23.84 18.75 10.00 10.00 9.38 5.00 5.00 5.00 4.77
15 16 Germany 91.17 24.19 17.21 10.00 10.00 10.00 5.00 5.00 5.00 4.77
16 15 France 90.78 24.08 16.93 10.00 10.00 10.00 5.00 5.00 5.00 4.77
17 17 Australia 90.58 24.13 17.00 10.00 10.00 9.79 5.00 5.00 5.00 4.65
18 19 Singapore 90.31 24.25 17.29 10.00 10.00 10.00 5.00 5.00 4.00 4.77
19 18 Iceland 89.75 22.93 19.02 10.00 10.00 8.54 5.00 5.00 5.00 4.26
20 20 Spain 87.82 23.24 14.82 10.00 10.00 10.00 5.00 5.00 5.00 4.77
21 21 New Zealand 87.45 23.56 14.66 10.00 10.00 9.58 5.00 5.00 5.00 4.65
22 22 Italy 86.50 22.61 15.58 10.00 10.00 8.54 5.00 5.00 5.00 4.77
23 24 Bermuda 83.75 20.62 17.72 10.00 10.00 8.96 5.00 5.00 5.00 1.45
24 25 Taiwan 83.72 21.34 17.18 10.00 10.00 7.92 5.00 5.00 4.00 3.29
25 23 Portugal 83.19 22.27 12.40 10.00 10.00 8.75 5.00 5.00 5.00 4.77
26 26 Hong Kong 82.45 21.12 17.30 10.00 10.00 7.71 5.00 4.33 3.50 3.49
27 27 Greece 79.05 20.22 12.10 10.00 10.00 7.08 5.00 5.00 5.00 4.65
28 28 Slovenia 78.69 20.17 12.44 10.00 10.00 8.13 5.00 4.00 4.50 4.46
29 30 Malta 76.80 20.63 11.53 10.00 10.00 6.67 5.00 4.33 5.00 3.63
30 29 Qatar 75.81 18.87 14.35 10.00 10.00 6.88 5.00 4.33 3.00 3.37
31 34 United Arab Emirates 73.77 18.67 15.45 10.00 10.00 7.50 5.00 1.67 2.00 3.49
32 33 Cyprus 73.68 19.51 13.05 10.00 10.00 7.08 5.00 4.33 0.75 3.95
33 31 Kuwait 73.03 17.89 12.82 10.00 10.00 7.50 5.00 4.33 2.00 3.49
34 32 Bahamas 70.02 18.53 11.45 10.00 10.00 6.25 5.00 4.33 3.00 1.45
35 39 Czech Republic 69.38 19.31 10.53 9.16 10.00 6.67 0.80 4.33 4.42 4.17
36 38 Bahrain 69.10 16.88 11.36 10.00 10.00 6.04 5.00 4.33 2.00 3.49
37 37 Korea South 69.05 19.99 12.60 9.67 10.00 6.46 0.29 2.67 4.00 3.37
38 36 Hungary 68.82 17.58 10.36 8.39 10.00 6.67 2.83 4.33 4.21 4.46
39 35 Brunei 68.22 18.88 15.31 10.00 10.00 0.00 5.00 5.00 2.00 2.03
40 41 Estonia 66.42 18.24 9.93 8.33 10.00 7.08 3.85 2.44 3.25 3.29
41 42 Israel 66.28 15.62 11.29 10.00 10.00 6.46 5.00 4.00 1.00 2.91
42 44 Saudi Arabia 65.72 15.15 9.86 10.00 10.00 6.25 5.00 4.17 2.00 3.29
43 43 Chile 65.43 19.27 10.48 8.38 10.00 6.25 1.08 3.50 2.50 3.97
44 40 Barbados 65.41 17.94 9.87 10.00 10.00 5.31 5.00 3.33 2.50 1.45
45 45 Poland 65.24 17.47 9.75 8.73 10.00 6.04 1.00 3.33 4.46 4.46
46 46 Slovak Republic 64.73 17.85 10.27 8.90 10.00 6.46 1.24 2.56 3.67 3.78
47 47 Malaysia 64.57 18.67 10.51 9.33 10.00 6.25 0.53 3.17 3.00 3.10
48 51 Lithuania 63.60 17.62 8.83 7.57 10.00 6.25 5.00 2.39 2.75 3.20
49 48 Mexico 62.68 16.99 9.50 9.15 9.99 5.00 0.41 4.17 3.50 3.97
50 55 Croatia 61.63 15.72 9.52 8.10 10.00 4.58 4.43 2.39 2.92 3.97
51 50 China 61.21 17.00 10.45 9.68 10.00 6.25 0.23 2.50 2.00 3.10
52 49 Oman 61.07 16.67 8.78 10.00 10.00 5.31 0.18 4.33 2.50 3.29
53 52 Latvia 60.89 17.47 8.77 8.25 10.00 6.46 1.33 2.56 2.75 3.29
54 56 Botswana 60.80 17.04 10.06 9.93 10.00 6.88 0.00 1.83 2.50 2.56
55 53 Trinidad & Tobago 60.35 16.29 10.92 9.72 10.00 5.00 0.00 3.83 3.00 1.60
56 54 Thailand 59.89 17.32 8.96 9.20 10.00 5.42 0.56 3.33 2.00 3.10
57 57 South Africa 58.21 15.29 7.95 9.53 10.00 5.21 0.42 3.33 3.00 3.49
58 59 Tunisia 57.73 15.92 7.87 8.80 10.00 5.00 0.13 3.33 3.00 3.68
59 58 Mauritius 57.27 16.70 8.65 9.22 10.00 5.00 0.03 3.33 2.00 2.33
60 60 India 56.34 15.33 8.77 9.25 10.00 3.96 0.12 3.33 2.00 3.59
61 64 Russia 53.51 13.53 8.63 9.27 9.60 4.38 0.50 2.33 2.17 3.10
62 62 Kazakhstan 52.53 11.83 7.89 8.07 10.00 4.38 4.37 2.29 1.00 2.71
63 61 Bulgaria 52.12 13.25 7.97 8.74 10.00 4.17 0.45 1.92 2.33 3.29
64 63 Morocco 52.11 13.85 7.22 8.88 10.00 3.44 0.23 3.00 2.00 3.49
65 66 Romania 51.95 13.07 7.19 9.03 10.00 3.54 0.53 2.31 2.13 4.17
66 70 Egypt 49.98 13.06 6.33 9.27 10.00 3.75 0.00 2.67 2.00 2.91
67 65 Costa Rica 49.84 13.25 7.99 9.26 10.00 3.33 0.00 3.00 1.50 1.51
68 71 Brazil 49.04 12.44 7.91 7.74 10.00 2.29 0.50 3.00 2.25 2.91
69 67 Panama 49.03 12.99 8.00 8.73 10.00 3.54 0.36 3.17 0.50 1.74
70 68 Antigua & Barbuda 48.93 10.37 10.73 10.00 10.00 0.00 5.00 2.83 0.00 0.00
71 75 Philippines 48.69 13.21 7.17 8.61 10.00 2.92 0.32 3.33 1.00 2.13
72 72 El Salvador 48.57 12.64 6.77 9.12 10.00 3.96 0.01 3.33 1.00 1.74
73 69 Turkey 47.43 10.92 6.46 8.17 10.00 2.29 0.77 3.33 2.00 3.49
74 79 Iran 46.90 11.85 7.14 9.84 10.00 2.50 0.00 1.67 1.00 2.91
75 76 Vietnam 46.55 12.61 7.47 9.37 10.00 2.29 0.00 2.25 1.00 1.55
76 77 Peru 46.28 11.99 7.36 8.77 10.00 2.92 0.01 2.50 0.50 2.23
77 74 Colombia 46.03 11.91 6.75 8.28 10.00 3.13 0.00 3.33 0.50 2.13
78 78 Macau 45.56 18.66 12.78 0.00 0.00 7.50 0.00 3.67 1.50 1.45
79 81 Algeria 45.12 12.99 7.23 9.12 10.00 0.00 0.11 2.50 0.50 2.67
80 73 Jordan 45.02 12.02 6.52 8.61 7.93 3.13 0.00 3.00 1.50 2.33
81 87 Fiji 43.08 12.25 5.66 9.71 10.00 3.13 0.00 2.33 0.00 0.00
82 83= Guatemala 42.99 11.06 5.44 9.49 10.00 2.81 0.00 3.00 0.50 0.68
83 85 Ukraine 42.66 10.55 6.70 9.33 9.47 2.08 1.08 1.83 0.75 0.87
84 99 Bhutan 42.34 12.04 9.27 8.86 10.00 0.00 0.00 2.17 0.00 0.00
85 88 Indonesia 41.88 10.67 6.59 8.52 9.31 1.88 0.32 2.17 0.50 1.94
86 82 St Lucia 41.65 12.48 7.74 8.93 10.00 0.00 0.00 2.50 0.00 0.00
87 95 Azerbaijan 40.60 9.80 5.40 9.10 10.00 1.56 0.12 2.21 1.25 1.16
88 93 Sri Lanka 40.51 9.08 7.14 9.07 10.00 0.00 0.00 2.67 1.00 1.55
89 97 Pakistan 40.34 8.60 6.16 9.00 9.99 1.56 0.02 2.25 1.50 1.26
90 86 Samoa 40.20 12.55 7.12 8.20 10.00 0.00 0.00 2.33 0.00 0.00
91 83= Vanuatu 40.03 11.33 6.81 9.39 10.00 0.00 0.00 2.50 0.00 0.00
92 111 Macedonia (FYR) 39.46 7.98 6.25 9.09 10.00 1.56 0.25 1.78 1.00 1.55
93 89 Jamaica 39.11 10.01 5.37 8.49 10.00 1.56 0.00 2.67 1.00 0.00
94 90 Maldives 39.04 10.74 6.48 9.32 10.00 0.00 0.00 2.50 0.00 0.00
95 92 St Vincent & the Grenadines 38.50 10.57 6.82 8.78 10.00 0.00 0.00 2.33 0.00 0.00
96 80 Grenada 38.44 10.61 7.43 8.06 10.00 0.00 0.00 2.33 0.00 0.00
97 117 Bangladesh 37.79 8.00 6.65 9.41 10.00 0.00 0.00 2.67 0.00 1.07
98 101 Bolivia 37.73 7.86 5.61 8.50 10.00 0.63 0.46 2.58 1.50 0.58
99 102 Honduras 37.71 9.19 5.47 8.58 10.00 1.25 0.25 2.50 0.00 0.47
100 122 Armenia 37.62 9.09 6.82 9.19 10.00 0.00 0.02 2.00 0.50 0.00
101 96 Tonga 37.61 9.69 6.15 9.26 10.00 0.00 0.00 2.50 0.00 0.00
102 94 Belize 37.40 8.65 7.40 7.62 10.00 0.94 0.00 2.50 0.00 0.29
103 127 Albania 36.88 7.82 6.80 9.55 10.00 0.00 0.00 2.21 0.50 0.00
104= 116 Venezuela 36.68 7.89 5.44 8.86 10.00 1.04 0.18 1.33 1.25 0.68
104= 98 Ghana 36.68 8.62 4.13 8.30 10.00 1.56 0.00 2.50 0.50 1.07
106 105 Dominica 36.64 9.40 6.89 8.02 10.00 0.00 0.00 2.33 0.00 0.00
107 114 Ecuador 36.27 7.61 6.59 8.42 9.90 0.42 0.78 1.58 0.50 0.47
108 129 Cape Verde 36.08 8.19 5.73 8.94 10.00 1.88 0.00 1.33 0.00 0.00
109 107 Lebanon 36.00 8.37 3.91 6.57 10.00 0.83 0.14 2.33 2.00 1.84
110= 103 Senegal 35.94 9.66 3.21 8.76 9.95 1.88 0.03 2.17 0.00 0.29
110= 100 Mongolia 35.94 7.70 7.26 8.23 10.00 1.25 0.00 1.50 0.00 0.00
112 137 Niger 35.83 7.56 6.43 8.67 10.00 0.00 0.00 2.17 1.00 0.00
113 104 Seychelles 35.58 6.60 6.55 8.51 10.00 0.00 0.00 3.92 0.00 0.00
114 109 Lesotho 35.57 7.86 3.37 9.01 10.00 2.50 0.00 2.83 0.00 0.00
115 110 Papua New Guinea 35.54 8.34 4.03 8.76 10.00 1.46 0.00 2.17 0.50 0.29
116 106 Paraguay 35.37 7.08 4.17 9.09 10.00 0.31 0.25 2.67 1.50 0.29
117 120 Guyana 35.15 9.18 6.82 6.98 10.00 0.00 0.00 2.17 0.00 0.00
118 112 Dominican Republic 35.10 7.50 5.53 9.34 10.00 0.21 0.00 2.08 0.00 0.44
119 134 Moldova 34.62 7.79 4.49 8.59 9.95 0.31 0.49 2.00 1.00 0.00
120 115 Tanzania 34.39 8.94 3.80 8.80 9.84 0.00 0.00 2.42 0.00 0.58
121 126 Swaziland 34.37 8.70 3.64 9.66 10.00 0.00 0.00 1.50 0.00 0.87
122 108 Kenya 34.02 8.10 3.64 8.99 9.95 0.00 0.00 2.25 0.50 0.58
123 113 Bosnia-Herzegovina 33.67 6.01 4.18 8.97 10.00 0.63 0.09 1.67 0.50 1.63
124 125 Gabon 33.56 8.01 4.06 8.83 10.00 0.00 0.00 2.67 0.00 0.00
125 118= Cameroon 33.50 8.58 3.37 8.72 9.70 0.63 0.02 2.50 0.00 0.00
126 140 Burkina Faso 33.36 8.60 2.54 9.01 10.00 0.63 0.00 2.58 0.00 0.00
127 123= Gambia 33.24 7.70 6.56 7.49 10.00 0.00 0.00 1.50 0.00 0.00
128 133 Syria 33.19 8.29 2.89 8.50 10.00 0.00 0.00 1.58 1.50 0.44
129 123= Mozambique 32.90 8.42 2.19 8.12 10.00 1.25 0.00 2.33 0.00 0.58
130 135 Laos 32.87 7.22 6.22 7.93 10.00 0.00 0.00 1.50 0.00 0.00
131 130 Yemen 32.82 8.24 2.33 9.25 10.00 0.00 0.00 2.21 0.50 0.29
132 139 Belarus 32.80 6.16 5.26 9.71 10.00 0.00 0.01 1.17 0.50 0.00
133 142 Turkmenistan 32.71 7.22 4.09 9.61 10.00 0.63 0.00 1.17 0.00 0.00
134 152= Mali 32.69 9.05 1.79 8.76 10.00 0.63 0.00 2.17 0.00 0.29
135 136 Uzbekistan 32.60 5.85 2.90 8.85 10.00 0.00 0.23 2.11 1.50 1.16
136 141 Benin 32.56 8.22 2.12 9.10 10.00 1.04 0.00 2.08 0.00 0.00
137 128 Djibouti 32.55 8.33 3.75 8.98 10.00 0.00 0.00 1.50 0.00 0.00
138 121 Uganda 32.12 7.11 3.64 8.80 9.84 0.00 0.00 2.33 0.00 0.39
139 91 Uruguay 32.11 10.92 6.41 7.93 1.38 1.04 0.02 2.83 1.00 0.58
140 138 Nigeria 32.00 6.31 4.48 8.92 10.00 0.00 0.00 2.00 0.00 0.29
141 118= Argentina 31.98 4.88 6.35 7.37 10.00 0.21 0.12 2.17 0.50 0.39
142 131 Cambodia 31.51 5.35 6.04 8.94 10.00 0.00 0.00 1.17 0.00 0.00
143 147 Equatorial Guinea 31.45 7.52 4.31 7.46 10.00 0.00 0.00 2.17 0.00 0.00
144 149 Kyrgyz Republic 30.25 7.76 3.14 8.17 9.38 0.00 0.14 1.17 0.50 0.00
145 146 Solomon Islands 30.21 11.49 6.55 0.00 10.00 0.00 0.00 2.17 0.00 0.00
146 150 Nicaragua 29.97 6.75 4.21 7.21 9.52 0.00 0.29 2.00 0.00 0.00
147 159 Chad 29.70 6.56 3.65 8.32 10.00 0.00 0.00 1.17 0.00 0.00
148 170 Guinea-Bissau 29.47 7.56 5.85 5.14 9.74 0.00 0.00 1.17 0.00 0.00
149 143 Georgia 29.29 4.86 3.75 8.95 10.00 0.00 0.06 1.17 0.50 0.00
150 145 Madagascar 29.23 7.02 2.21 8.59 9.91 0.00 0.00 1.50 0.00 0.00
151 132 New Caledonia 29.06 17.23 11.82 0.00 0.00 0.00 0.00 0.00 0.00 0.00
152 151 Ethiopia 29.04 6.39 2.43 8.40 9.95 0.00 0.00 1.58 0.00 0.29
153 152= Nepal 28.65 4.52 2.34 9.17 10.00 0.00 0.00 2.33 0.00 0.29
154 156 Togo 28.35 7.53 1.15 8.51 10.00 0.00 0.00 1.17 0.00 0.00
155 155 Angola 28.26 5.58 3.15 8.55 9.81 0.00 0.00 1.17 0.00 0.00
156 154 Myanmar 27.79 3.97 2.89 9.77 10.00 0.00 0.00 1.17 0.00 0.00
157 161= Central African Republic 27.63 4.62 3.56 8.28 10.00 0.00 0.00 1.17 0.00 0.00
158 166 Serbia and Montenegro 27.

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