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COUNTRY RISKS
Anticipate country risks and secure your international development
Country risk refers to the likelihood that an external event—political, economic, environmental, social, or regulatory—negatively impacts your international activities. It does not depend on your business partner but on the overall context of a country.
Political instability, corruption, economic crises, natural disasters... Considering these risks helps limit uncertainty, guide your decisions, and secure your operations.
Download our latest 2025 Country Risk Map now to get an up-to-date overview of areas to monitor worldwide.
Need to delve deeper into the analysis? Explore our interactive map
- Consult Coface ratings for over 160 countries, updated in real-time
- Easily compare multiple markets to refine your choices
- Directly access detailed country profiles
- Navigate intuitively by region or country name
- Use the tool on all your devices, without downloading
An essential tool for Swiss companies looking to manage their international projects with precision and responsiveness.
Country risks: a key indicator for your strategic decisions
In an increasingly unstable context, integrating country risks into your decision-making processes is essential to:
- Evaluate the risk of non-payment in cross-border B2B operations
- Adapt your contractual terms and guarantees according to the local context
- Anticipate business disruptions due to exogenous events (sanctions, nationalizations, monetary instabilities)
- Optimize the structuring of your international investments and financing
- Ensure your operations comply with local regulations (capital controls, export compliance, etc.)
Companies that incorporate these factors into their risk matrices make better decisions to secure their long-term investments.
Integrate a dynamic understanding of country risk into your international strategy
Managing country risk isn't just about avoiding unstable markets; it's about measuring, comparing, and updating your risk perspective.
Our approach is based on:
- Proprietary indicators from our transactional databases (payment delays, reported incidents, etc.)
- Annual studies on payment behaviors conducted in major global economies
- Forward-looking analysis: assessment of short-term macroeconomic conditions and their evolution prospects (positive or negative)
- Quantitative models enriched by continuous monitoring of the geopolitical and regulatory environment
- Quarterly updates (Barometer), integrated into our reports and scoring
With Coface, you benefit from comparable data across countries, forward-looking analyses, and expert support to adapt your strategy.
Our six-pillar model for a comprehensive view of country risk
Coface's country risk assessment is based on a model combining long-term structural analysis and short-term cyclical evaluation. Six main dimensions are considered:
- Fiscal strength: Sustainability of public finances over time: debt, budget, financing capacity.
- Political stability: Conflict risks, policy coherence, institutional strength.
- Governance quality: Administrative efficiency, legal framework, transparency, and business climate.
- Exposure to climate risks: Vulnerability to climate hazards and capacity for environmental transition.
- Economic development & macroeconomic prospects: Development level, growth, inflation, employment, economic dynamics.
- Short-term cyclical factors: Risk of short-term economic slowdown: GDP, trade, monetary tensions.
Each country is evaluated according to this model and receives a rating ranging from A1 (very low risk) to E (very high risk). Ratings are updated every four months for 160 countries and enriched by our experts' field analysis.
Consult our dashboard to monitor recent developments.
A global perspective, local expertise, tailored support
With 80 years of global experience and over 30 years in Switzerland, Coface is a world reference in country risk assessment and commercial risk management. Every day, our analyses assist multinationals, Swiss SMEs, financial institutions, and insurers in anticipating uncertainty and securing their decisions, both in Switzerland and abroad.
Our strength lies in field expertise backed by unique resources:
- A database of 240 million companies worldwide
- 12,000 credit decisions made daily thanks to our tools and analysts
- Presence in over 100 countries and coverage of 200 international markets
- A team of 600 experts specializing in risk analysis, credit management, and economic monitoring
Based in Lausanne and Zurich, Coface Switzerland supports Swiss companies in their international development with tailored analyses and concrete solutions.
Exploring a new market? Want to evaluate a partner or secure your international decisions?
Our experts are here to provide reliable, up-to-date information grounded in real-world insights.
Go further: sector risk analysis
In addition to our country assessments, Coface publishes a quarterly sectoral analysis covering 13 key sectors of the global economy, across six major regions: Asia-Pacific, North America, Western Europe, Central and Eastern Europe, Latin America, Middle East and Turkey.
Our economists rely on:
- Financial data from over 6,000 listed companies
- A synthetic indicator based on five key criteria: revenue, profitability, net debt, cash flow, and observed claims
These analyses allow you to refine your risk perspective, sector by sector, and better anticipate trend reversals.
Access our latest sector risk assessments.
