Insights
GDP: USD359.8bn (World ranking 43) Population: 7.3mn (World ranking 103) Form of state: Special Administrative Region of the People’s Republic of China Head of government: John Lee Ka-chiu (Chief Executive) Next elections: 2025, Legislative Strengths Well-developed and resilient financial system Solid business environment Strong public and external finances Robust services sector Disciplined fiscal and monetary policies Wea read more
GDP: USD178.8bn (World ranking 58) Population: 9.7mn (World ranking 94) Form of state: Parliamentary Republic Head of government: Viktor Orbán (PM) Next elections: 2026, Legislative Strengths Generally stable parliamentary democracy EU membership Strong, competitive manufacturing base Weaknesses Deteriorated investment climate, as a consequence of unconventional economic policy measures since 2010 At times, difficult relat read more
GDP: USD95.00bn (World ranking 69) Population: 17.4mn (World ranking 70) Form of state: Constitutional Democratic Republic Head of government: Bernardo Arévalo Next elections: 2027, Presidential and legislative Strengths Prudent macroeconomic policy framework Moderate debt ratios and adequate external balance Access to international financial support likely if needed Trade agreement with the US (DR-CAFTA) Effective managemen read more
GDP: USD219.1bn (World ranking 55) Population: 10.6mn (World ranking 86) Form of state: Parliamentary Republic Head of government: Kyriakos Mitsotakis (PM) Next elections: 2027, Legislative Strengths Solid economic performance and strong recovery from sovereign debt crisis Sound public finances and significant decline debt-to-GDP Large NPLs disposal, down from critical levels Pro-European political stance and government focu read more
GDP: USD72.8bn (World ranking 77) Population: 33.5mn (World ranking 47) Form of state: Constitutional Democracy Head of government: Nana Akufo-Addo (President) Next elections: 2024, Presidential and legislative Strengths Established track record of good governance, with a functioning democratic system and peaceful transfer of power among political parties and strong economic growth Natural resource base (cocoa, gold, forestr read more
GDP: USD4072.2bn (World ranking 4) Population: 84.1mn (World ranking 19) Form of state: Federal Republic Head of government: Olaf Scholz (Chancellor) Next elections: 2025, Legislative Strengths Solid public finances Strong industrial base Low structural unemployment Well-diversified export sector (products & trade partners) Low systemic political risk Weaknesses Aging population and skilled-labor shortage Dependence on read more
GDP: USD2782.9bn (World ranking 7) Population: 67.9mn (World ranking 21) Form of state: Semi-presidential republic Head of government: Emmanuel Macron (President) Next elections: 2027, Presidential and legislative Strengths High quality infrastructure (e.g., transport) Many international corporate giants and growing presence of technological start-ups (‘French tech’) Diversified economy Numerous nuclear plants that make the read more
GDP: USD280.8bn (World ranking 48) Population: 5.6mn (World ranking 116) Form of state: Parliamentary republic Head of government: Petteri Orpo (PM) Next elections: 2027, Legislative Strengths Attractive business environment with high research and development spending Low fiscal deficit and contained public debt Improving competitiveness, a highly skilled workforce and a robust welfare state Weaknesses Exposure to Russia i read more
GDP: USD38.1bn (World ranking 100) Population: 1.3mn (World ranking 155) Form of state: Parliamentary Republic Head of government: Kaja Kallas (PM) Next elections: 2026, Presidential Strengths Low systemic political risk Good regional and international relations (except with Russia), EU and NATO membership One of the most open and liberal economies in the world Eurozone membership provides for low transfer and convertibility read more
GDP: USD476.7bn (World ranking 32) Population: 111.0mn (World ranking 14) Form of state: Semi-presidential republic Head of government: Abdel Fattah el-Sisi (President) Next elections: 2025, Legislative Strengths Domestic and foreign investments in infrastructure and construction, as well as positive demographics, drive high economic growth rates, despite structural challenges Access to alternative financing has improved, in read more
GDP: USD115.0bn (World ranking 63) Population: 18.0mn (World ranking 66) Form of state: Presidential republic Head of government: Daniel Noboa (President) Next elections: 2025, Presidential and legislative Strengths Significant oil reserves Unexploited mining resources Dollarization of the economy limits transfer and currency risk and anchors inflation Recently improved road network Major exporter of bananas, cocoa and palm read more
GDP: USD 113.64bn (World ranking 65) Population: 11.23mn (World ranking 83) Form of state: Presidential republic Head of government: Luis Abinader (President) Next elections: 2024, Presidential Strengths Resilient economic growth Robust tourism sector Good infrastructure network Sound banking sector indicators Free Trade Agreement with the US (CAFTA-DR) Political stability Weaknesses Weak rule of law High levels of red tap read more
GDP: USD395.4bn (World ranking 40) Population: 5.9mn (World ranking 113) Form of state: Constitutional monarchy Head of government: Mette Frederiksen (PM) Next elections: 2026, Legislative Strengths Strong business environment Healthy public finances High institutional effectiveness Highly skilled workforce Weaknesses Exposed housing market Small and open economy High tax burden High amount of regulatory requirements Econ read more
GDP: USD70.0bn (World ranking 82) Population: 28.2mn (World ranking 52) Form of state: Presidential republic Head of government: Alassane Ouattara (President) Next elections: 2025, Presidential Strengths Significant economic progress with forecasted GDP growth of +6.4% in 2024 Stable inflation rate among the lowest in the West African area Support from international partners, including a positive relationship with the IMF an read more
GDP: USD290.9bn (World ranking 47) Population: 10.5mn (World ranking 87) Form of state: Parliamentary Republic Head of government: Petr Fiala (Prime Minister) Next elections: 2025, Legislative (Senate) Strengths EU membership and good international relations High income economy with fairly strong underlying macroeconomic fundamentals Favorable public finances Manageable external debt burden Sound banking sector that has prov read more
GDP: USD28.4bn (World ranking 106) Population: 1.3mn (World ranking 158) Form of state: Presidential republic Head of government: Nikos Christodoulides (President) Next elections: 2026, Legislative Strengths Solid recovery since 2013 financial crisis Strong public finances, fiscal prudence should be maintained over the medium-term to lower the debt burden further Large decline in NPL ratio Weaknesses Private debt remains h read more
GDP: USD71.0bn (World ranking 80) Population: 3.9mn (World ranking 129) Form of state: Parliamentary Republic Head of government: Andrej Plenković (PM) Next elections: 2024, Presidential and legislative Strengths EU membership and good international relations Eurozone accession in January 2023 provides for low transfer and convertibility risk Fiscal prudence since 2015 (only temporarily interrupted in 2020 due to the Covid-1 read more
GDP: USD68.4bn (World ranking 83) Population: 5.2mn (World ranking 121) Form of state: Presidential republic Head of government: Rodrigo Chaves Robles (President) Next elections: 2026, Presidential and legislative Strengths Political stability, long-established democracy and institutional framework compared to regional peers Favorable business and legal conditions compared to the rest of Central and Latin America Relatively read more
GDP: USD343.9bn (World ranking 44) Population: 51.9mn (World ranking 28) Form of state: Presidential republic Head of government: Gustavo Petro (President) Next elections: 2026, Presidential and legislative Strengths King Natural resource base: agricultural, energy and minerals Strong medium-term growth Pro-business environment Fiscal sustainability principle included in the Constitution Support from international financial read more
GDP: USD17963.2bn (World ranking 2) Population: 1 412mn (World ranking 2) Form of state: Communist party-led state Head of government: Xi Jinping (General Secretary of the Communist Party) Next elections: 2027, Legislative Strengths Large domestic market Improvement in macro-prudential management External position and fiscal position (to lesser extent) are relatively solid Key position in global value chains New growth oppor read more
CEOWORLD magazine - Insights