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Surveys

Euromoney Belt and Road Index: Q1 2020 Result


These quarterly results include the index value, investment climate factors and GDP. The index is formed of five tiers








Euromoney Belt and Road Index
Q1 2020
EBRI Index Investment Climate (IC) Score IMF GDP
Country Value Economic Political Structural GDP $bn EBRI share (%)
Tier 1
Ethiopia 270.12 18.36 17.24 9.23 89.36 0.53%
Nepal 262.86 16.72 15.00 7.11 30.06 0.18%
Laos 239.71 10.08 10.90 3.65 20.14 0.12%
Bhutan 229.20 14.15 24.66 8.27 2.80 0.02%
Maldives 226.93 13.12 11.88 7.80 5.12 0.03%
Tier 2
Bangladesh 195.70 15.40 10.90 3.02 315.18 1.86%
Turkmenistan 191.21 19.20 12.76 10.00 47.24 0.28%
Cambodia 184.19 12.11 9.35 4.25 26.43 0.16%
Tajikistan 175.96 16.93 14.95 9.00 7.47 0.04%
Moldova 174.75 16.30 16.20 7.03 12.08 0.07%
Vietnam 170.06 20.21 16.04 9.92 268.80 1.59%
India 156.01 18.76 20.00 10.18 2998.17 17.72%
Myanmar 154.96 17.47 13.20 4.92 75.50 0.45%
Bosnia-Herzegovina 152.25 14.70 12.93 6.92 20.40 0.12%
Panama 146.42 21.54 21.36 10.41 72.04 0.43%
Montenegro 140.66 17.12 14.66 8.16 5.48 0.03%
Romania 137.38 21.53 21.17 10.17 248.25 1.47%
Hungary 133.05 23.19 20.34 10.95 161.24 0.95%
Philippines 130.77 21.60 19.30 10.10 354.60 2.10%
Czech Republic 129.56 27.44 28.64 13.01 262.94 1.55%
Pakistan 128.81 15.03 13.32 7.17 255.78 1.51%
Bahrain 126.26 21.07 20.82 11.22 39.59 0.23%
Slovenia 125.87 22.96 27.72 12.47 55.65 0.33%
Egypt 125.55 16.02 13.70 9.21 312.23 1.85%
Madagascar 125.33 14.80 15.22 6.67 13.43 0.08%
Latvia 125.04 22.44 24.82 11.46 35.26 0.21%
Tier 3
Estonia 124.03 25.50 29.61 13.87 30.78 0.18%
Israel 123.88 24.27 27.05 13.50 366.15 2.16%
Thailand 121.34 21.33 21.20 12.07 510.81 3.02%
Albania 120.25 17.73 15.34 8.56 15.45 0.09%
Sri Lanka 119.75 15.58 18.34 11.79 96.62 0.57%
Lithuania 118.45 24.49 25.44 11.65 53.47 0.32%
Kyrgyz Republic 117.37 16.16 10.01 4.23 8.37 0.05%
Armenia 116.96 19.15 21.84 9.66 12.95 0.08%
Bulgaria 116.91 24.28 21.05 9.11 64.95 0.38%
Georgia 116.00 17.44 23.28 10.82 17.73 0.10%
Singapore 114.60 31.04 36.42 16.48 347.06 2.05%
Jordan 114.45 14.48 18.92 10.43 42.60 0.25%
Morocco 114.14 19.07 19.22 9.98 119.98 0.71%
Serbia 114.09 18.15 18.86 10.86 50.03 0.30%
Uzbekistan 112.34 16.27 14.72 6.03 50.86 0.30%
Korea South 111.36 21.44 24.09 12.53 1639.23 9.69%
Poland 109.64 26.04 26.08 11.50 577.88 3.42%
New Zealand 109.63 28.82 34.42 15.12 209.19 1.24%
United Arab Emirates 109.43 22.65 24.48 12.28 437.09 2.58%
Indonesia 103.47 17.72 16.97 9.52 1081.07 6.39%
Slovak Republic 102.36 22.68 25.90 11.94 110.80 0.65%
North Macedonia 101.00 16.30 14.06 7.77 12.53 0.07%
Mongolia 100.19 15.73 15.03 6.83 14.18 0.08%
Tier 4
Croatia 98.42 18.73 19.65 10.47 59.73 0.35%
Saudi Arabia 97.23 23.18 21.72 10.54 750.09 4.43%
Oman 96.78 23.67 24.12 11.14 81.36 0.48%
Afghanistan 96.70 11.78 9.06 4.75 20.53 0.12%
Malaysia 91.87 18.91 19.43 12.59 369.38 2.18%
Qatar 91.60 27.44 25.96 11.82 194.29 1.15%
South Africa 88.78 16.10 21.43 9.55 370.79 2.19%
Belarus 82.53 13.17 13.20 7.33 57.18 0.34%
Kuwait 81.35 26.70 24.10 11.56 145.45 0.86%
Brunei 77.52 25.27 21.05 8.08 14.04 0.08%
Iraq 77.38 13.74 9.54 7.55 239.58 1.42%
Lebanon 73.46 7.00 8.99 8.88 57.45 0.34%
Kazakhstan 72.56 16.48 17.86 10.98 192.40 1.14%
Ukraine 71.18 13.96 14.15 8.24 130.48 0.77%
Yemen 70.11 9.63 7.94 5.34 36.86 0.22%
Tier 5
Iran 69.20 10.40 11.29 7.94 313.70 1.85%
Russia 66.08 19.67 18.18 9.56 1549.12 9.16%
Azerbaijan 62.97 18.02 15.47 8.34 45.78 0.27%
Turkey 55.28 15.92 17.49 11.19 684.53 4.05%



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. 

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For research and data enquiries please contact Chen-Ta Sung

Email: chenta.sung@euromoney.com; Tel: +44 (0) 2077798752

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