Country Risk Map
2024 Q2
GREENLANDICELANDRUSSIACANADA

BELARUSUKRAINEKAZAKHSTANMONGOLIAUZBEKISTANGEORGIA

UNITED STATESPORTUGAL

Saudi Arabia

SPAIN

TURKEY

Egypt

LEBANON

TURKMENISTANTop country movements
MEXICO

PanamaCUBA

GUATEMALA
EL SALVADORHAITI DOMINICANREPUBLIC

JAMAICAHONDURASEGYPTANTIGUAGUADELOUPEDOMINICAST LUCIAGRENADINESNICARAGUA

THE GAMBIABARBADOS

GRENADAVENEZUELAGUYANASURINAME

LIBERIA

FRENCHGUIANAERITREACHAD

SIERRA LEONE

COLOMBIA

NIGER
SUDAN

BURKINAFASO

GUINEA

TRINIDAD& TOBAGOPANAMAMALISENEGAL

BENIN
CÔTED’IVOIRETOGONIGERIAGHANACAMEROONGABONECUADORCONGONEPALUAEINDIAOMANBANGLADESHTAIWANMYANMAR(BURMA)LAOS

THAILANDYEMEN

CAMBODIAETHIOPIA

SOUTH
SUDAN

CENTRAL AFRICAN
REPUBLICPAKISTAN

QATAR

SAUDI
ARABIA

MAURITANIAANGUILLA

PUERTO RICOMARTINIQUECOSTA RICA

LIBYA

VIETNAMPHILIPPINESSOMALIA
SRI LANKA
MALAYSIAUGANDADEMOCRATIC
REPUBLIC OF
THE CONGO

MALDIVESKENYA
SEYCHELLESRWANDA
BURUNDI

INDONESIAPAPUA NEW GUINEATANZANIASWEDENTIMOR-LESTECOMOROSBRAZIL

PERU

JAPANCHINAKUWAIT

WESTERN
SAHARA

BAHAMAS

SOUTH
KOREA

IRAN

JORDANALGERIA

TAJIKISTANAFGHANISTANIRAQISRAEL

NORTH
KOREA

AZERBAIJANSYRIACYPRUSTUNISIA

MOROCCOKYRGYZSTANARMENIAANGOLA

MALAWIZAMBIAFINLAND
BOLIVIANORWAYZIMBABWENAMIBIA

MOZAMBIQUEVANUATU

MAURITIUS

BOTSWANAPARAGUAY

MADAGASCARFIJIREUNION

AUSTRALIANEW CALEDONIAESTONIA
SOUTH
AFRICALATVIA
ARGENTINA

DENMARKLITHUANIALESOTHOURUGUAYCHILEBELARUSIRELAND

UNITED
KINGDOM

NETHERLANDSNEW ZEALAND

POLANDGERMANYBELGIUMCZECHREPUBLICUKRAINESLOVAKIAFRANCE

AUSTRIASLOVENIACROATIABOSNIA

ITALY
MALTA

PORTUGALFALKLANDISLANDSMOLDOVAHUNGARYSWITZERLAND

Egypt

BULGARIA

With the re-anchoring of a new financial
programme, Egypt’s growth prospects areimproving in the coming years. Balance ofpayments problems are no longer acute due to aflood of financial aid. Reform progress has
resumed including renewed exchange rate
flexibility.

SERBIAMONTENEGRO
MACEDONIAALBANIASPAINGREECE

RiskLow

Moderate-Low

Moderate

Moderate-High

Movement FocusROMANIAHigh6- 

Saudi Arabia

Hydrocarbons production will remain themainstay of the Saudi economy in the medium
term but the Vision 2030 economic
diversification strategy is driving infrastructuredevelopment and stronger GDP growthprospects. Saudi Arabia also benefits from strong
external buffers and capacity to withstandanother oil price drop.

Very HighThe Atradius Risk Map gives an overview of the level of risk associated with countries worldwide. This map has been created by our Economic Research team and drawn from a range of sources. This map is provided for information purposes only and is not intended
as a recommendation as to particular transactions, investments or strategies in any way to any reader. For our full disclaimer and further information on our Risk Map, please visit: https://group.atradius.com/publications/trading-briefs/risk-map.html

Data as of 30 June 2024

3+ Panama4- Panama’s risk profile has deteriorated due topersistent fiscal pressures exacerbated byuncertain consolidation prospects and higher USinterest rates. The economy remains resilient,underpinned by a well-developed financial system
and manageable government and externalfinances. Full dollarisation limits transfer &convertibility risk.