Mapped: Financing Risk by Country in 2025

Mapped: Financing Risk by Country in 2025

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Financing and commercial risk measures how vulnerable countries are to short-term shocks, ranging from liquidity pressures between companies to disruptions in trade activity.

This infographic, based on data from Allianz Trade, visualizes the global landscape of short-term financing and commercial risk as of Q2 2025. The short-term risk ratings measure the risk of non-payment by companies in a given country based on two indicators that track financing flows and disruptions in demand.

The Countries With the Lowest and Highest Risk

Developed economies and oil-rich nations dominate the low risk bucket of countries, while many emerging markets and conflict-facing countries are in riskier categories.

A total of 90 countries fall in the low-risk category, and 57 countries are in the high-risk zone, with others falling into the medium and sensitive-risk brackets.

Country	Risk Level
Afghanistan	High
Bahrain	High
Belarus	High
Bolivia	High
Burkina Faso	High
Burundi	High
Central African Republic	High
Chad	High
Comoros	High
Congo	High
Cuba	High
Egypt	High
Equatorial Guinea	High
Eritrea	High
Ethiopia	High
Gambia	High
Ghana	High
Guinea	High
Guinea-Bissau	High
Iran	High
Iraq	High
Laos	High
Lesotho	High
Lebanon	High
Liberia	High
Libya	High
Malawi	High
Mali	High
Marshall Islands	High
Micronesia	High
Moldova	High
Mozambique	High
Myanmar	High
Nauru	High
Nepal	High
Niger	High
North Korea	High
Pakistan	High
Papua New Guinea	High
Russia	High
Sierra Leone	High
Solomon Islands	High
Somalia	High
South Sudan	High
Sri Lanka	High
Sudan	High
Syria	High
Timor-Leste	High
Tonga	High
Tunisia	High
Turkmenistan	High
Ukraine	High
Vanuatu	High
Venezuela	High
Yemen	High
Zambia	High
Zimbabwe	High
American Samoa	Low
Andorra	Low
Anguilla	Low
Antarctica	Low
Aruba	Low
Australia	Low
Austria	Low
Azerbaijan	Low
Belgium	Low
Bermuda	Low
Bouvet Island	Low
British Indian Ocean Territory	Low
British Virgin Islands	Low
Bulgaria	Low
Canada	Low
Cayman Islands	Low
Chile	Low
China	Low
Christmas Island	Low
Cocos (Keeling) Islands	Low
Costa Rica	Low
Czech Republic	Low
Denmark	Low
Dominican Republic	Low
Estonia	Low
Falkland Islands	Low
Finland	Low
France	Low
French Guiana	Low
French Polynesia	Low
Germany	Low
Gibraltar	Low
Greenland	Low
Grenada	Low
Guadeloupe	Low
Guam	Low
Guatemala	Low
Heard & McDonald Islands	Low
Hong Kong	Low
Hungary	Low
Indonesia	Low
Ireland	Low
Japan	Low
Liechtenstein	Low
Luxembourg	Low
Macao	Low
Malaysia	Low
Malta	Low
Martinique	Low
Mayotte	Low
Monaco	Low
Montserrat	Low
Morocco	Low
Netherlands	Low
New Caledonia	Low
New Zealand	Low
Norfolk Island	Low
Northern Mariana Islands	Low
Norway	Low
Oman	Low
Paraguay	Low
Peru	Low
Philippines	Low
Pitcairn Islands	Low
Puerto Rico	Low
Qatar	Low
Réunion	Low
San Marino	Low
Saudi Arabia	Low
Singapore	Low
Slovakia	Low
Slovenia	Low
South Georgia & Sandwich Islands	Low
South Korea	Low
Spain	Low
St. Helena	Low
St. Maarten	Low
Svalbard & Jan Mayen	Low
Sweden	Low
Switzerland	Low
Taiwan	Low
Thailand	Low
Tokelau	Low
Turks & Caicos	Low
United Arab Emirates	Low
United Kingdom	Low
United States	Low
Uruguay	Low
US Minor Outlying Islands	Low
US Virgin Islands	Low
Vatican City	Low
Wallis & Futuna	Low
Albania	Medium
Algeria	Medium
Bahamas	Medium
Benin	Medium
Botswana	Medium
Brazil	Medium
Brunei	Medium
Cambodia	Medium
Cape Verde	Medium
Colombia	Medium
Côte d’Ivoire	Medium
Croatia	Medium
Cyprus	Medium
Djibouti	Medium
Dominica	Medium
French Southern Territories	Medium
Greece	Medium
Guyana	Medium
Honduras	Medium
Iceland	Medium
India	Medium
Israel	Medium
Italy	Medium
Jamaica	Medium
Kuwait	Medium
Latvia	Medium
Lithuania	Medium
Maldives	Medium
Mauritius	Medium
Mexico	Medium
Namibia	Medium
Niue	Medium
North Macedonia	Medium
Palau	Medium
Panama	Medium
Poland	Medium
Portugal	Medium
Rwanda	Medium
São Tomé & Príncipe	Medium
Serbia	Medium
Seychelles	Medium
St. Kitts & Nevis	Medium
St. Lucia	Medium
St. Pierre & Miquelon	Medium
Tanzania	Medium
Trinidad & Tobago	Medium
Vietnam	Medium
Angola	Sensitive
Antigua & Barbuda	Sensitive
Argentina	Sensitive
Armenia	Sensitive
Bangladesh	Sensitive
Barbados	Sensitive
Belize	Sensitive
Bhutan	Sensitive
Bosnia & Herzegovina	Sensitive
Cameroon	Sensitive
Congo (Dem. Rep.)	Sensitive
Cook Islands	Sensitive
Curaçao	Sensitive
Ecuador	Sensitive
El Salvador	Sensitive
Eswatini	Sensitive
Fiji	Sensitive
Gabon	Sensitive
Georgia	Sensitive
Jordan	Sensitive
Kazakhstan	Sensitive
Kenya	Sensitive
Kiribati	Sensitive
Kyrgyzstan	Sensitive
Madagascar	Sensitive
Mauritania	Sensitive
Mongolia	Sensitive
Montenegro	Sensitive
Nicaragua	Sensitive
Nigeria	Sensitive
Romania	Sensitive
Samoa	Sensitive
Senegal	Sensitive
South Africa	Sensitive
St. Vincent & Grenadines	Sensitive
Suriname	Sensitive
Tajikistan	Sensitive
Togo	Sensitive
Turkey	Sensitive
Tuvalu	Sensitive
Uganda	Sensitive
Uzbekistan	Sensitive

Countries like the United States, Canada, Germany, and Japan are in the low risk category. Most of Western Europe—including France, Switzerland, and the Nordic nations—also fall into this bracket.

In the Asia-Pacific region, China, Singapore, Japan, and South Korea remain anchors of stability, alongside Australia. Meanwhile, emerging markets like Brazil, India, Vietnam, and Mexico face medium risks in the short term.

High and Sensitive Risk Regions

According to Allianz, 42 countries fall in the sensitive risk category (a rank above medium risk), including Argentina, Bangladesh, South Africa, and more than 15 other African nations.

High-risk countries are concentrated in Sub-Saharan Africa, parts of the Middle East, and conflict-affected states such as Ukraine, Syria, and Sudan. These economies could face credit constraints and short-term disruptions in demand and economic activity.

Learn More on the Voronoi App

If you enjoyed today’s post, check out Central Banks Gold Reserves vs. U.S. Treasuries on Voronoi, the new app from Visual Capitalist.

• Source: https://www.visualcapitalist.com/mapped-financing-risk-by-country-in-2025/