The score rewards strong institutions, open rules for foreign investors, stable macro conditions, political stability, growth with room to catch up, and deep, connected markets. It penalises closed economies, high inflation and debt, instability, and sanctions. Every indicator is mapped to 0 to 100 with fixed anchors, so a country's score does not move just because another country changed. Model version 2.0, data as of 2026-10-09.

Pillars and weights

Pillar

Institutions and rule of law

25%

Courts, contract and property enforcement, and regulatory quality decide whether capital is safe once invested.

Rule of law (WGI)-2.0 scores 0, +1.8 scores 100	40%
Regulatory quality (WGI)-2.0 scores 0, +1.8 scores 100	30%
Government effectiveness (WGI)-2.0 scores 0, +1.8 scores 100	30%

Pillar

Openness to foreign investment

20%

Statutory limits on foreign equity, screening, personnel and operations, plus how much foreign capital actually arrives and how open trade is.

OECD FDI restrictiveness (0 open, 1 closed)0.00 (open) scores 100, 0.40 or more scores 0	55%
FDI net inflows, % of GDP-1% scores 0, 5% or more scores 100	25%
Trade, % of GDP20% scores 0, 120% or more scores 100	20%

Pillar

Macro and financial stability

18%

Prices, public debt, external buffers and jobs determine whether returns survive a shock.

Inflation1 to 3% scores 100, 12% scores 35, 30% or more near 0	30%
Government debt, % of GDPup to 40% scores 100, 90% scores 55, 150% scores 15	25%
Reserves, months of imports0 months scores 0, 6 or more scores 100	20%
Current account, % of GDP-10% scores 0, +3% or more scores 100	15%
Unemployment20% scores 0, 3% scores 100	10%

Pillar

Political stability and security

10%

Violence, coups and unrest are the fastest way to lose an investment.

Political stability and absence of violence (WGI)-2.2 scores 0, +1.4 scores 100

100%

Pillar

Growth and upside

12%

Growth, demographics and catch-up potential, discounted when institutions are weak, because upside only counts if it can be captured.

Real GDP growth0% scores 0, 6% or more scores 100	35%
Working-age population share50% scores 0, 68% or more scores 100	20%
Urban population growth0% scores 0, 4% or more scores 100	10%
Catch-up room (income gap to a rich economy)income of $400 scores 100, $60,000 scores 0	35%

Adjustment. Scaled by institutions: multiplied by 0.55 plus 0.45 times the institutions score.

Pillar

Market depth and infrastructure

15%

Can you finance, build, ship, connect and exit?

Private credit, % of GDP10% scores 0, 100% scores 100	20%
Listed company market cap, % of GDP5% scores 0, 100% scores 100	15%
Bank non-performing loans15% scores 0, 2% scores 100	10%
Financial account ownership20% scores 0, 95% scores 100	10%
Logistics Performance Index2.0 scores 0, 4.2 scores 100	15%
Internet users20% scores 0, 95% scores 100	15%
Access to electricity40% scores 0, 100% scores 100	15%

Rules that cap a score

After weighting, a score is capped when a legal or security fact makes ordinary investment impossible or unsafe. The cap is shown on the country profile.

Maximum 25	Comprehensive sanctions or an investment ban: not investable by ordinary routes: North Korea, Iran, Syria, Cuba
Maximum 40	Heavy sanctions or capital restrictions on foreign investors: Russia, Belarus, Venezuela, Myanmar
Maximum 40	Political stability indicator in the bottom band (active conflict or state breakdown)

Bands and confidence

Low risk: 75 and above. Moderate: 60 to 74. Elevated: 45 to 59. High: below 45. Where an indicator is missing for a country it is dropped and the rest re-weighted. Confidence reports how much of the weighting had data: High is 85% or more, Medium 65% or more, otherwise Low. The OECD restrictiveness index covers about half of countries; elsewhere openness rests on FDI inflows and trade.

Sources and limits

World Bank World Development Indicators and Worldwide Governance Indicators, OECD FDI Regulatory Restrictiveness Index, IMF World Economic Outlook, and World Bank Findex. Governance indicators are perceptions-based and move slowly. The score is a screening tool, not a forecast or a rating, and it is not investment advice. A high score does not make a specific deal safe, and a low score does not rule out an opportunity.

All countries ranked

#	Country	Score	Band	Institutions	Openness	Macro	Political	Growth	Market	Confidence
1	Andorra	90	Low risk	87	100	100	100	44	100	Low
2	Denmark	88	Low risk	99	93	95	83	34	99	High
3	Hong Kong	87	Low risk	87	100	99	83	36	99	High
4	Singapore	86	Low risk	97	91	71	98	52	100	High
5	Monaco	85	Low risk	96	No data	No data	96	35	100	Low
6	United Arab Emirates	84	Low risk	77	100	97	84	49	88	High
7	Ireland	83	Low risk	95	99	79	82	56	68	High
8	Sweden	82	Low risk	98	86	80	85	24	98	High
9	Switzerland	81	Low risk	98	64	89	92	27	99	High
10	Netherlands	80	Low risk	95	79	81	76	28	95	High
11	Norway	80	Low risk	98	65	92	91	25	92	High
12	Czechia	79	Low risk	83	89	96	89	31	67	High
13	Luxembourg	79	Low risk	98	74	75	94	27	87	High
14	Lithuania	78	Low risk	87	91	77	87	36	75	High
15	South Korea	78	Low risk	85	62	97	87	27	97	High
16	Japan	76	Low risk	93	62	76	96	20	96	High
17	Malta	76	Low risk	69	100	79	90	41	72	High
18	Palau	76	Low risk	69	94	54	97	54	93	Medium
19	Qatar	76	Low risk	74	58	100	90	41	90	High
20	Finland	75	Low risk	99	71	61	88	16	98	High
21	Germany	75	Low risk	91	78	85	67	15	87	High
22	Oman	75	Low risk	66	98	87	78	44	69	High
23	Cabo Verde	74	Moderate	62	89	82	85	62	71	Medium
24	Chile	74	Moderate	73	81	82	66	39	90	High
25	Estonia	74	Moderate	90	73	71	86	21	84	High
26	Iceland	74	Moderate	90	46	82	98	28	92	High
27	New Zealand	74	Moderate	98	51	81	94	22	84	High
28	Portugal	74	Moderate	76	86	81	81	29	76	High
29	Antigua and Barbuda	73	Moderate	67	99	65	95	48	62	Medium
30	Canada	73	Moderate	93	59	63	84	29	98	High
31	Greenland	73	Moderate	88	72	No data	83	24	83	Low
32	Mauritius	73	Moderate	74	86	72	87	43	69	High
33	Cyprus	72	Moderate	74	100	56	73	41	77	High
34	Latvia	72	Moderate	79	81	71	84	29	75	High
35	Malaysia	72	Moderate	70	54	85	71	56	95	High
36	Australia	71	Moderate	95	39	76	83	27	97	High
37	Austria	71	Moderate	91	65	72	76	21	83	High
38	Costa Rica	71	Moderate	66	85	73	95	48	60	High
39	Grenada	71	Moderate	59	100	64	96	47	62	Medium
40	Poland	71	Moderate	71	75	88	80	37	68	High
41	Slovenia	71	Moderate	76	83	76	85	23	67	High
42	United Kingdom	71	Moderate	87	72	61	69	23	96	High
43	Uruguay	71	Moderate	74	70	83	97	30	68	High
44	Belgium	70	Moderate	86	74	64	66	21	85	High
45	Georgia	70	Moderate	61	90	76	47	59	74	High
46	Liechtenstein	70	Moderate	96	0	100	100	29	100	Low
47	Spain	70	Moderate	74	74	69	66	36	87	High
48	St. Lucia	70	Moderate	63	100	67	93	25	65	Medium
49	St. Vincent and the Grenadines	70	Moderate	61	100	55	95	41	67	Medium
50	Brunei	69	Moderate	74	55	86	100	27	68	High
51	Dominica	69	Moderate	59	100	61	88	41	64	Medium
52	Fiji	69	Moderate	61	92	59	88	46	69	High
53	France	69	Moderate	80	73	69	59	18	94	High
54	Israel	69	Moderate	78	69	92	36	28	82	High
55	Marshall Islands	69	Moderate	54	62	100	100	31	78	Medium
56	Micronesia	69	Moderate	56	88	89	100	32	48	Medium
57	North Macedonia	69	Moderate	56	88	75	72	40	78	High
58	Albania	68	Moderate	58	88	88	64	41	58	High
59	Croatia	68	Moderate	67	82	69	80	35	69	High
60	Nauru	68	Moderate	52	54	100	95	27	92	Medium
61	Puerto Rico	68	Moderate	57	70	95	71	16	88	Low
62	San Marino	68	Moderate	81	45	82	100	18	75	Medium
63	Kiribati	67	Moderate	56	57	64	96	53	94	Medium
64	Montenegro	67	Moderate	60	95	63	74	34	69	High
65	Saudi Arabia	67	Moderate	67	46	94	62	51	81	High
66	Vietnam	67	Moderate	51	67	86	64	59	80	High
67	Barbados	66	Moderate	68	73	59	97	34	67	Medium
68	Bulgaria	66	Moderate	56	86	85	68	33	62	High
69	Paraguay	66	Moderate	44	80	88	65	53	68	High
70	Slovakia	66	Moderate	65	82	68	80	23	69	High
71	United States of America	66	Moderate	78	57	64	53	27	97	High
72	Bhutan	65	Moderate	65	38	70	100	67	68	High
73	Cambodia	65	Moderate	34	86	92	70	51	66	High
74	Kosovo	65	Moderate	51	99	55	56	43	77	Medium
75	St. Kitts and Nevis	65	Moderate	69	57	71	92	37	64	Medium
76	Greece	64	Moderate	61	89	53	69	27	73	High
77	Guyana	64	Moderate	47	100	77	67	43	46	Medium
78	Kuwait	64	Moderate	60	45	100	73	33	70	High
79	Maldives	64	Moderate	47	100	55	63	53	63	High
80	Mongolia	64	Moderate	49	81	65	77	53	68	High
81	Samoa	64	Moderate	65	33	99	98	41	60	Medium
82	Thailand	64	Moderate	54	60	82	46	41	92	High
83	Hungary	63	Moderate	61	72	77	75	21	65	High
84	Italy	63	Moderate	71	58	76	74	18	74	High
85	Morocco	63	Moderate	50	77	80	46	52	66	High
86	Peru	63	Moderate	46	76	99	47	42	58	High
87	Serbia	63	Moderate	50	86	85	52	28	64	High
88	Seychelles	63	Moderate	67	45	68	94	56	58	High
89	Tonga	63	Moderate	58	59	84	98	33	52	Medium
90	Armenia	62	Moderate	50	83	69	49	55	63	High
91	New Caledonia	62	Moderate	59	65	60	69	22	91	Low
92	Rwanda	62	Moderate	59	84	60	64	67	33	High
93	Solomon Islands	62	Moderate	40	85	91	82	48	33	High
94	Timor-Leste	62	Moderate	36	89	77	79	56	46	Medium
95	Bahrain	61	Moderate	66	69	52	52	40	76	High
96	Bosnia and Herzegovina	61	Moderate	42	79	84	52	31	72	High
97	Dominican Republic	61	Moderate	53	59	80	78	35	64	High
98	Namibia	61	Moderate	58	79	60	82	37	47	High
99	Romania	61	Moderate	61	77	68	67	22	58	High
100	South Africa	61	Moderate	52	61	77	51	35	85	High
101	The Bahamas	61	Moderate	59	50	71	89	36	67	Medium
102	India	60	Moderate	54	39	85	44	64	76	High
103	Moldova	60	Moderate	52	81	71	58	34	57	High
104	Suriname	60	Moderate	44	100	45	78	34	61	Medium
105	Tuvalu	60	Moderate	59	23	100	100	30	60	Low
106	Azerbaijan	59	Elevated	49	66	87	59	34	50	High
107	Botswana	59	Elevated	62	43	86	91	30	47	High
108	China	59	Elevated	52	33	75	62	47	92	High
109	Nicaragua	59	Elevated	21	90	98	61	46	46	High
110	Belize	58	Elevated	43	49	75	84	39	71	Medium
111	Brazil	58	Elevated	44	68	74	50	35	73	High
112	Kazakhstan	58	Elevated	49	60	72	55	48	63	High
113	Honduras	57	Elevated	31	66	91	49	44	65	High
114	Indonesia	57	Elevated	53	32	94	41	57	63	High
115	Jamaica	57	Elevated	54	37	89	76	29	60	Medium
116	Colombia	56	Elevated	44	69	80	35	39	57	High
117	Jordan	56	Elevated	58	43	73	52	41	67	High
118	El Salvador	55	Elevated	42	59	61	64	45	63	High
119	Panama	55	Elevated	50	47	63	68	42	66	High
120	Uzbekistan	55	Elevated	40	52	77	64	53	53	High
121	Vanuatu	55	Elevated	50	56	79	88	40	26	Medium
122	Ghana	54	Elevated	52	46	70	64	58	36	High
123	Djibouti	53	Elevated	31	84	60	48	52	45	High
124	Gambia	53	Elevated	40	74	61	62	58	30	High
125	Liberia	53	Elevated	28	100	70	57	50	15	Medium
126	Philippines	53	Elevated	51	28	88	38	52	61	High
127	Tajikistan	53	Elevated	28	58	96	53	51	37	High
128	Argentina	52	Elevated	53	51	47	66	43	52	High
129	Mauritania	52	Elevated	32	88	79	43	43	19	High
130	Mexico	52	Elevated	37	61	81	44	26	58	High
131	Tunisia	52	Elevated	42	67	66	42	39	51	High
132	Uganda	52	Elevated	38	72	73	37	56	29	High
133	eSwatini	51	Elevated	32	59	75	45	45	52	High
134	Guatemala	51	Elevated	33	34	100	55	43	51	High
135	Guinea	51	Elevated	25	93	74	41	49	21	High
136	Kyrgyzstan	51	Elevated	33	54	65	61	51	53	High
137	Laos	51	Elevated	36	36	70	76	53	51	High
138	Nepal	51	Elevated	38	20	94	49	50	64	High
139	Turkey	51	Elevated	43	53	60	37	38	68	High
140	Ecuador	50	Elevated	36	36	83	43	42	67	High
141	Gabon	49	Elevated	32	54	73	64	31	46	High
142	Senegal	49	Elevated	51	33	59	56	60	43	Medium
143	Tanzania	49	Elevated	41	37	88	48	56	30	High
144	Benin	48	Elevated	44	35	79	50	57	27	Medium
145	Ivory Coast	48	Elevated	44	43	72	41	54	32	Medium
146	São Tomé and Príncipe	48	Elevated	34	67	50	76	28	39	High
147	Trinidad and Tobago	48	Elevated	49	0	88	74	22	66	Medium
148	Zambia	48	Elevated	41	62	49	59	48	33	High
149	Kenya	47	Elevated	44	35	78	30	51	34	High
150	Lesotho	47	Elevated	39	30	81	61	44	36	High
151	Sri Lanka	47	Elevated	47	28	57	60	49	51	High
152	Togo	47	Elevated	36	44	80	37	55	27	Medium
153	Ukraine	47	Elevated	37	65	46	52	39	44	High
154	Bangladesh	46	Elevated	32	50	75	35	47	34	High
155	Egypt	46	Elevated	41	49	53	36	48	47	High
156	Madagascar	45	Elevated	29	61	74	47	46	12	High
157	Republic of the Congo	44	High	21	75	63	48	35	22	High
158	Turkmenistan	44	High	14	26	98	68	43	37	Medium
159	Equatorial Guinea	43	High	15	55	95	57	20	23	Medium
160	Lebanon	43	High	26	73	40	26	24	59	High
161	Comoros	42	High	25	23	93	55	41	29	High
162	Algeria	41	High	38	17	78	43	42	34	High
163	Angola	41	High	29	59	62	49	36	12	High
164	Belarus	40	High · capped	23	73	75	56	25	57	High
165	Mali	40	High · capped	23	48	88	0	47	22	Medium
166	Nigeria	40	High	30	40	76	13	45	30	High
167	Russia	40	High · capped	26	57	85	35	21	64	High
168	Somalia	40	High · capped	3	100	73	1	34	20	Medium
169	Ethiopia	39	High	32	43	59	10	58	28	Medium
170	Papua New Guinea	39	High	36	0	89	46	56	16	Medium
171	Bolivia	38	High	24	29	44	57	25	61	High
172	Burkina Faso	38	High	32	40	70	11	52	14	Medium
173	Cameroon	38	High	28	25	89	14	38	26	High
174	Palestine	38	High	29	50	30	8	42	63	High
175	Sierra Leone	38	High	28	44	58	50	51	5	High
176	Mozambique	37	High	28	56	57	15	31	20	High
177	Guinea-Bissau	36	High	18	31	73	46	50	11	Medium
178	Libya	36	High	10	31	88	10	44	32	High
179	Malawi	36	High	42	30	35	57	45	18	High
180	Pakistan	36	High	29	17	78	7	43	35	High
181	Democratic Republic of the Congo	35	High	12	52	76	2	45	16	High
182	Myanmar	35	High	10	56	71	2	29	34	High
183	Central African Republic	34	High	12	37	90	14	42	5	Medium
184	Iraq	34	High	22	25	80	9	22	38	High
185	Zimbabwe	34	High	23	37	45	37	46	23	High
186	Burundi	32	High	21	45	39	27	47	18	High
187	Chad	31	High	21	21	74	17	47	4	Medium
188	Niger	31	High	28	26	64	12	52	1	Medium
189	Afghanistan	28	High	6	39	61	4	35	20	High
190	Cuba	25	High · capped	26	54	100	70	22	59	Low
191	Iran	25	High · capped	21	31	51	14	27	64	Medium
192	North Korea	25	High · capped	11	No data	97	63	44	36	Low
193	Venezuela	24	High	5	7	33	19	27	68	Medium
194	Haiti	23	High	8	10	62	23	25	15	High
195	Eritrea	21	High	6	No data	24	44	27	22	Low
196	Syria	21	High	7	15	34	0	33	38	Low
197	Yemen	20	High	6	25	34	0	30	24	Medium
198	South Sudan	19	High	1	32	40	19	26	0	High
199	Sudan	11	High	4	9	12	4	33	12	High