Euromoney Belt and Road Results Index: Q4 2018


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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.


Q4 2018 Results Summary

In Q4 2018, only Laos is categorized as a tier-1 country. Ethiopia was tier 1 in Q4 2017, but dropped to tier 2. Kuwait, Kazakhstan, Brunei, Russia, Ukraine, Azerbaijan and Yemen are in tier 5. 

The Q4 2018 results are part of the Euromoney Belt and Road Index (EBRI), which indicates the aggregate value trend of the Belt and Road Initiative (BRI) region in terms of investment climate (IC) and GDP during the past five years. 

Countries between tier 1 and tier 3 are those that have improved their GDP and/or IC since the EBRI’s inception in 2013. The number of tier 1 to tier 3 countries is increasing year on year, with 49 in this quarter compared with 37 in Q4 2017. This trend implies that the Belt and Road Initiative (BRI) may have improved politico-economic conditions towards some of the BRI countries. 

The Q4 2018 results present graphs and trends which focus on year-on-year movements of EBRI value over the past five years. Asia and Africa have experienced different degrees of improvement in IC and/or GDP since Q4 2013. Central and Eastern Europe and the Middle East present a low EBRI aggregate value, but their values have increased slightly and continuously since Q4 2016. 

For more detailed Q4 2018 results and the methodology, please see:

Quarterly result: Q4 2018

Historical data

Graphs and trends: Y/Y


About EBRI

The Belt and Road Initiative (BRI) – also known as One Belt and One Road – is a development strategy adopted by the Chinese government in 2013. BRI is an infrastructure and trade project intended to connect China – financially and structurally – to various economic entities across Asia, Europe, Africa and Oceania.

In response to the growing demand for information on the impact of this initiative, we have launched the Euromoney Belt and Road Index (EBRI). This index provides investors and other market participants with valuable data to evaluate investment opportunities and to track changes in investment climate and GDP in the Belt and Road region. EBRI publishes new results each quarter, providing data on 68 countries from Q4 2013 to present. 

Contact us

For commercial enquiries please contact Romeo Wang
Email:; Tel: +86 13795313118

For research and data enquiries please contact Chen-Ta Sung
Email:; Tel: +44 (0) 2077798752

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