Country Risk Reports

 

Euler Hermes monitors risk in 245 countries and territories, looking for new patterns of growth, changes in social risk and demographic trends, increased interdependency and financial instability. Our vast knowledge network provides you with everything you need to know about your customers, your potential customers and your entire marketplace.

Our Country Report series provides more in-depth data and detailed country risk analysis on the world’s 70 biggest economies’ economic profile. They are updated once per quarter following our Group Country Risk Committee meetings.
These reports include information on economic strengths and weaknesses, country rating, economic structure and policies, forecasts and more. More general information such as GDP, population and form of government are also included to provide a well-rounded country risk assessment.

The evaluation of the overall level of country risk is based on the Country Grade – a longer-term indicator that is measure of transfer and convertibility risk and of the quality of the business climate. It is determined by a combination of three analyses:
 
  • The Macroeconomic Rating – This assessment is based notably on analysis of: the structure of the economy, budgetary and monetary policy indebtedness, the external balance, the stability of the banking system and other similar factors.
  • The Structural Business Environment Rating – This rating is based on perceptions of the regulatory and legal framework, control of corruption and relative ease of doing business.
  • The Political Risk Rating – This piece is developed based notably on an analysis of: the mechanisms for transference of power and the processes for succession, the concentration of power, the effectiveness of policy, the independence of institutions, social cohesion, international relations and more.

 

The first two elements (the Macroeconomic and Structural business Environment Ratings) are used to calculate the Economic Risk Rating assigned to each country. This is, in turn, combined with the Political Risk Rating to make our Country Grade, on a six-level scale running from AA to D, in which AA is the least amount of risk and D is the highest.

This country grade is then combined with the short term alerts indicator, which is a combined measure of a country’s vulnerability in the short term to financing and cyclical risks.
 
There are ultimately four levels of overall country risk which are determined by crossing the country grade and the short terms alert indicator, on a scale of low, medium, sensitive and high. 

 

Download available reports:

 

Algeria 

Denmark

Laos (updated)

Romania 

Angola 

Dominican Republic 

Latvia (updated)

Russia

Argentina

Ecuador 

Lebanon 

Rwanda

Armenia

El Salvador 

Lithuania (updated)

Saudi Arabia (updated)

Australia 

Egypt 

Luxembourg

Senegal 

Austria (updated)

Estonia

Macao (updated)

Serbia (updated)

Azerbaijan 

Ethiopia (updated)

Malaysia 

Singapore 

Bahrain (updated)

France

Mali (updated)

Slovak Republic 

Bangladesh

Gabon (updated)

Malta 

Slovenia (updated)

Belarus 

Germany (updated)

Mauritius 

South Africa 

Belgium 

Ghana

Mexico 

South Korea 

Bolivia 

Greece 

Mongolia 

Spain 

Bosnia and Herzegovina (updated)

Guatemala (updated)

Morocco 

Sri Lanka 

Brazil

Honduras 

Mozambique (updated)

Sweden 

Bulgaria 

Hong Kong 

Myanmar (updated)

Switzerland

Burkina Faso 

Hungary 

Namibia (updated)

Taïwan 

Cambodia (updated)

Iceland (updated)

Netherlands 

Tanzania 

Cameroon

Ireland 

New Zealand (updated)

Thailand 

Canada 

India 

Nigeria  

Trinidad & Tobago (updated)

Chile 

Indonesia 

Nicaragua

Tunisia 

China 

Iran 

Norway 

Turkey

Colombia 

Iraq

Oman 

United Arab Emirates 

Congo 

Israel 

Pakistan 

Uganda (updated)

Congo Democratic Republic 

Italy 

Panama (updated)

Ukraine 

Costa Rica (updated)

Japan 

Paraguay 

United Kingdom 

Côte d'Ivoire 

Jamaica

Peru 

United States 

Croatia 

Jordan

Philippines 

Uruguay 

Cuba (coming soon)

Kazakhstan (updated)

Poland

Venezuela

Cyprus

Kenya 

Portugal 

Vietnam (updated)

Czech Republic 

Kuwait 

Qatar 

Zambia