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Global Sovereign Risk — Vol. I

From the IMF WEO · World Bank GEM 184-country reference universe · 2000–2031 .

Ten analytical screens built on IMF World Economic Outlook forecasts and World Bank Global Economic Monitor market data — cross-checking solvency, currency valuation, fiscal quality and structural trajectory to surface sovereign stress before it becomes a headline. Use the console above to slice every screen by region, country, composite safe score or year.

Regional Sovereign Stress Clustering

Which regions carry the highest concentration of simultaneously stressed countries — combining debt burden, reserve adequacy, fiscal deficit and current account deficit into one regional stress score. Stress compounds regionally through trade linkages, shared currency zones and investor sentiment; it is rarely a solo event.

Regional stress score vs. GDP share exposed

Bubble size = total regional GDP
Region filter shows/hides bubbles — each bubble's stress score and GDP share stay exactly as pre-aggregated in SQL, not recalculated

Country-level stress detail

Not affected by the year filter — this data has no year dimension
Pillar ISolvency & Liquidity

The Reserves-vs-Debt Solvency Cross-Check

Among high-debt countries, how many actual dollars of FX reserves exist for every dollar of government debt — and is that cushion shrinking right now? A true apples-to-apples solvency ratio, not two figures in incompatible units sitting side by side.

Reserve cushion vs. debt burden

Bubble color = liquidity risk flag
Not affected by the year filter — this data has no year dimension

Full screen — 30 highest-debt economies

The Fiscal Doomsday Clock

Debt CAGR vs. GDP CAGR, projected forward to the year each country's debt-to-GDP ratio effectively doubles. A static ratio is a snapshot; this is a trajectory — the difference between two countries at 60% debt/GDP today on completely different paths.

Shortest fuse — years until debt/GDP doubles

Top 15 most urgent

Countdown, sorted by urgency

Not affected by the year filter — this screen spans a date range (start–end year), not a single year
Pillar IIExternal Sector & Currency

Currency Overvaluation vs. External Imbalance

Currencies that look strong on REER while the current account is actually worsening over a two-year trend — the classic setup for a forced devaluation. A stable deficit is a structural fact; a widening one is an emerging crisis.

Current account trajectory — now vs. forecast

Top 10 fastest-deteriorating, now → +2yr → +4yr

Flagged currencies

Trade Resilience by Income Group

Do IDA (low-income) countries absorb export-price shocks worse than IBRD (middle-income) countries? Built from true monthly GEM export price observations, re-aggregated to annual — not a pre-aggregated shortcut.

Unfiltered — pre-aggregated by lending category in SQL

The PPP Currency Mispricing Gap

The gap between each currency's theoretical PPP-implied rate and its actual market rate — a "fair value" screen built from raw macro data instead of burger prices. Large gaps flag currencies most over- or under-valued in real terms.

Most extreme mispricings

Top 15 by absolute deviation

Full screen — 184 currencies

Pillar IIIFiscal Quality & Market Perception

Stock Market Disconnect from Macro Fundamentals

Countries where equity markets are rallying while fiscal balances actively deteriorate — the asymmetric, contrarian signal a macro desk hunts for before consensus catches up and forces a repricing.

Stock gain vs. fiscal deterioration

Top-right quadrant = rallying markets, worsening fiscal position

Disconnected markets

Government Spending Efficiency vs. Growth Payoff

For every real dollar of government spending, how many real dollars of GDP growth did the economy produce? Spending level alone says nothing about quality — this isolates the countries getting the least growth per dollar spent.

Spend-to-growth efficiency

USD growth generated per USD of government spend

Full screen

Pillar IVStructural Trajectory

Unemployment–Inflation Misery Ranking, Region-Adjusted

Combined unemployment + inflation burden, ranked both globally and against regional norms — so a reviewer can see at a glance when a country is "bad globally but normal regionally" versus a genuine regional outlier.

Worst 15 by misery index

Not affected by the year filter — this data has no year dimension

Full screen — 116 countries

The Consecutive-Year Deterioration Streak

Countries deteriorating across fiscal balance, debt and current account for three-plus consecutive years — distinguishing genuine structural decline from a single bad year (COVID-2020) that a fixed-lookback comparison would smooth over and miss.

Longest structural decline streaks, by dimension

Top 12 by combined streak-years across fiscal, debt & current account

Structural decliners