Euromoney Belt and Road Results Index: Q1 2019


Chen-Ta Sung
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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.


Q1 2019 Results Summary

The Q1 2019 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 six 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 53 in this quarter compared with 49 in Q1 2018. This trend suggests that the Belt and Road Initiative (BRI) may have improved politico-economic conditions towards some of the BRI countries.

In Q1 2019, Bangladesh, Ethiopia, and Laos are categorised as tier 1 countries. Russia, Kazakhstan, Turkey, Azerbaijan, and Yemen are tier 5.

The Q1 2019 results present graphs and trends that focus on year-on-year movements of EBRI value over the past five years. Asia has experienced a continuously significant improvement in IC and /or GDP since Q4 2013. EBRI value in Middle East this quarter first time exceeds the baseline (100 points) of EBRI value. This means the performance of GDP or/and country risk in Middle East is initially better than the performance in the initiative’s inception in Q4 2013. Africa and Central and Eastern Europe present a relatively low EBRI aggregated value.

For more detailed Q1 2019 results and the methodology, please see:

Quarterly Result: Q1 2019

Latest EBRI Article: Q1 2019

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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