COUNTRY RISK CLASSIFICATIONS

HBOR classifies countries into one of seven risk categories (1-7). Category 1 represents the lowest and category 7 represents the highest level of country risk.

 

Valid as of: 12 July 2021

 

Country CodeCountry NameRisk Category
AFGAfghanistan7
ALBAlbania5
DZAAlgeria5
ANDAndorra1
AGOAngola6
ATGAntigua and Barbuda7
ARGArgentina7
ARMArmenia6
ABWAruba5
AUSAustralia1
AUTAustria1
AZEAzerbaijan5
BHSBahamas4
BHRBahrain6
BGDBangladesh5
BRBBarbados1
BLRBelarus6
BELBelgium1
BLZBelize1
BENBenin6
BTNBhutan6
BOLBolivia5
BIHBosnia and Herzegovina7
BWABotswana3
BRABrazil5
BRNBrunei Darussalam1
BGRBulgaria3
BFABurkina Faso7
BDIBurundi7
CPVCabo Verde6
KHMCambodia6
CMRCameroon6
CANCanada1
CAFCentral African Republic7
TCDChad7
CHLChile1
CHNChina; People’s Republic of2
TWNChinese Taipei1
COLColombia4
COMComoros1
COGCongo7
CRICosta Rica4
CIVCôte d’Ivoire6
CUBCuba7
CUWCuraçao5
CYPCyprus1
CZECzech Republic1
PRKDemocratic Peopleʼs Republic of Korea7
CODDemocratic Republic of the Congo7
DNKDenmark1
DJIDjibouti7
DMADominica1
DOMDominican Republic4
ECUEcuador7
EGYEgypt5
SLVEl Salvador5
GNQEquatorial Guinea7
ERIEritrea7
ESTEstonia1
SWZEswatini6
ETHEthiopia7
FJIFiji5
FINFinland1
FRAFrance1
GABGabon6
GMBGambia7
GEOGeorgia6
DEUGermany1
GHAGhana6
GRCGreece1
GRDGrenada1
GTMGuatemala4
GINGuinea7
GNBGuinea-Bissau7
GUYGuyana6
HTIHaiti7
HNDHonduras5
HKGHong Kong (China)2
HUNHungary1
ISLIceland1
INDIndia3
IDNIndonesia3
IRNIran7
IRQIraq7
IRLIreland1
ISRIsrael1
ITAItaly1
JAMJamaica6
JPNJapan1
JORJordan5
KAZKazakhstan5
KENKenya6
KIRKiribati1
KORKorea1
XKVKosovo6
KWTKuwait2
KGZKyrgyzstan7
LAOLao Peopleʼs Democratic Republic7
LVALatvia1
LBNLebanon7
LSOLesotho6
LBRLiberia7
LBYLibya7
LIELiechtenstein1
LTULithuania1
LUXLuxembourg1
MACMacau (China)2
MDGMadagascar7
MWIMalawi7
MYSMalaysia2
MDVMaldives7
MLIMali7
MLTMalta1
MHLMarshall Islands1
MRTMauritania7
MUSMauritius3
MEXMexico3
FSMMicronesia1
MDAMoldova7
MCOMonaco1
MNGMongolia7
MNEMontenegro7
MARMorocco3
MOZMozambique7
MMRMyanmar7
NAMNamibia6
NRUNauru1
NPLNepal6
NLDNetherlands1
NZLNew Zealand1
NICNicaragua7
NERNiger7
NGANigeria6
MKDNorthern Macedonia5
NORNorway1
OMNOman6
PAKPakistan7
PLWPalau1
PANPanama4
PNGPapua New Guinea6
PRYParaguay5
PERPeru3
PHLPhilippines3
POLPoland1
PRTPortugal1
QATQatar3
ROURomania3
RUSRussia4
RWARwanda6
KNASaint Kitts and Nevis1
LCASaint Lucia1
VCTSaint Vincent and the Grenadines1
WSMSamoa1
SMRSan Marino1
STPSao Tome and Principe1
SAUSaudi Arabia2
SENSenegal5
SRBSerbia4
SYCSeychelles1
SLESierra Leone7
SGPSingapore1
SXMSint Maarten1
SVKSlovak Republic1
SVNSlovenia1
SLBSolomon Islands1
SOMSomalia7
ZAFSouth Africa4
SSDSouth Sudan7
ESPSpain1
LKASri Lanka7
SDNSudan7
SURSuriname7
SWESweden1
CHESwitzerland1
SYRSyrian Arab Republic7
TJKTajikistan7
TZATanzania6
THAThailand3
TLSTimor-Leste6
TGOTogo6
TONTonga1
TTOTrinidad and Tobago3
TUNTunisia6
TURTurkey5
TKMTurkmenistan7
TUVTuvalu1
UGAUganda6
UKRUkraine6
AREUnited Arab Emirates2
GBRUnited Kingdom1
USAUnited States1
URYUruguay3
UZBUzbekistan5
VUTVanuatu1
VENVenezuela7
VNMViet Nam4
PSEWest Bank and Gaza7
YEMYemen7
ZMBZambia7
ZWEZimbabwe7

This Country Risk Classifications is for informational use and is used to assess the opportunities, risks and conditions of export credit insurance for transactions into certain countries.