Financing Risk by Country in 2025 ⚠️

Key Takeaways

• In 2025, companies in 57 countries have a high risk of non-payment in the short-term due to economic risks.
• These economic risks have the potential to disrupt payments of trade between companies in addition to impacting demand.
• Iran, Venezuela, and Russia fall within this high risk category, as heightened geopolitical tensions threaten the stability of their business environment.

The Global Risk Landscape in 2025

From economic instability to conflict, several factors can impact the ability for companies in a country to make payments that are outside of their control.

This analysis from Allianz breaks down each country by their risk of non-payment as of Q2 2025 across four categories:

• High risk: 57 countries
• Sensitive risk: 41 countries
• Medium risk: 45 countries
• Low risk: 90 countries

As we can see, the greatest number of countries fall under low risk including the U.S., China, oil-rich countries in the Middle East, and many European nations.