Indexes/Stability

Stability Index

Whether the rules you plan around will still exist in five years — political continuity, institutional strength and policy volatility.

Median: 48
Mean: 50
Top decile from: 88
Highest: 98

What this index measures

High · scored 0–100

01
Political and institutional continuity
02
Frequency of adverse tax rule changes
03
Currency and fiscal position

Treat stability as a discount rate on every other score. A 95 tax score under an unstable regime is worth less than an 80 under a settled one.

How the score is weighted

Each input is normalised to 0–100 across all 209 jurisdictions, then combined at the weights below. Weights sum to 100 and are held constant across every jurisdiction in an edition, so scores stay comparable.

High in the composite

Political and institutional continuity35% of the score
Government effectiveness and orderly transitions.
Tax and policy volatility30% of the score
Frequency of adverse retroactive rule changes.
Fiscal position20% of the score
Debt trajectory and sovereign rating.
Currency risk15% of the score
Peg durability, inflation and capital controls.

Who leads it

The ten highest scores on this signal, with their overall standing beside them — the gap between the two columns is the trade-off.

01
Switzerland
Europe
98ovr 72
02
New Zealand
Oceania
95ovr 73
03
Iceland
Europe
95ovr 70
04
Liechtenstein
Europe
95ovr 69
05
Finland
Europe
95ovr 68
06
Luxembourg
Europe
95ovr 67
07
Norway
Europe
95ovr 66
08
Denmark
Europe
93ovr 65
09
Netherlands
Europe
92ovr 67
10
Sweden
Europe
92ovr 66

Distribution · top 60 scoresrange 0–98

How regions compare

Average score per region against its best case. A wide gap means the region is worth searching; a narrow one means the whole region behaves the same way.

Europe
74 / 98
Oceania
55 / 95
Americas
54 / 88
Asia
41 / 85
Africa
35 / 72
Middle East
32 / 62

Full ranking

#	Jurisdiction	Region	Stability	Overall
001	Switzerland	Europe	98	72
002	New Zealand	Oceania	95	73
003	Iceland	Europe	95	70
004	Liechtenstein	Europe	95	69
005	Finland	Europe	95	68
006	Luxembourg	Europe	95	67
007	Norway	Europe	95	66
008	Denmark	Europe	93	65
009	Netherlands	Europe	92	67
010	Sweden	Europe	92	66
011	Isle of Man	Europe	90	73
012	Jersey	Europe	90	73
013	Guernsey	Europe	90	73
014	Germany	Europe	90	68
015	Austria	Europe	90	67
016	Ireland	Europe	90	66
017	Vatican City	Europe	90	64
018	Andorra	Europe	88	75
019	Estonia	Europe	88	75
020	Monaco	Europe	88	72
021	Australia	Oceania	88	70
022	Canada	Americas	88	66
023	Cayman Islands	Americas	85	77
024	Gibraltar	Europe	85	76
025	San Marino	Europe	85	73
026	Japan	Asia	85	65
027	Belgium	Europe	85	64
028	United Kingdom	Europe	85	62
029	Portugal	Europe	82	75
030	Bermuda	Americas	82	73
031	Slovenia	Europe	82	68
032	France	Europe	82	65
033	Czech Republic	Europe	80	67
034	British Virgin Islands	Americas	78	74
035	Spain	Europe	78	72
036	Latvia	Europe	78	69
037	Lithuania	Europe	78	68
038	South Korea	Asia	78	65
039	Cyprus	Europe	75	75
040	Malta	Europe	75	72
041	Uruguay	Americas	75	66
042	Singapore	Asia	72	73
043	Mauritius	Africa	72	67
044	Taiwan	Asia	72	67
045	Costa Rica	Americas	72	66
046	Chile	Americas	72	65
047	Poland	Europe	72	64
048	Slovakia	Europe	72	64
049	Italy	Europe	70	66
050	Antigua and Barbuda	Americas	68	70
051	Croatia	Europe	68	67
052	Barbados	Americas	68	65
053	Cape Verde	Africa	68	61
054	Botswana	Africa	68	58
055	USA	Americas	68	53
056	St Kitts and Nevis	Americas	65	71
057	Grenada	Americas	65	70
058	Bahamas	Americas	65	69
059	Panama	Americas	65	68
060	Greece	Europe	65	67
061	St Lucia	Americas	62	69
062	Dominica	Americas	62	68
063	Malaysia	Asia	62	66
064	Romania	Europe	62	63
065	Seychelles	Africa	62	62
066	Israel	Middle East	62	62
067	Cook Islands	Oceania	62	58
068	Bulgaria	Europe	60	66
069	Niue	Oceania	60	55
070	Montenegro	Europe	58	70
071	Hungary	Europe	58	61
072	St Vincent & Grenadines	Americas	58	59
073	South Africa	Africa	58	57
074	Ghana	Africa	58	57
075	Namibia	Africa	58	56
076	India	Asia	58	54
077	Vanuatu	Oceania	55	64
078	Brunei	Asia	55	64
079	Serbia	Europe	55	64
080	Oman	Middle East	55	63
081	Mexico	Americas	55	61
082	Belize	Americas	55	58
083	Fiji	Oceania	55	58
084	Samoa	Oceania	55	55
085	Tonga	Oceania	55	55
086	Bhutan	Asia	55	52
087	Albania	Europe	52	62
088	North Macedonia	Europe	52	61
089	Morocco	Africa	52	59
090	Tunisia	Africa	52	59
091	UAE	Middle East	52	59
092	Brazil	Americas	52	58
093	Rwanda	Africa	52	55
094	Senegal	Africa	52	54
095	Palau	Oceania	52	53
096	Mongolia	Asia	52	50
097	Colombia	Americas	50	61
098	Maldives	Asia	48	62
099	Qatar	Middle East	48	59
100	Indonesia	Asia	48	57
101	Peru	Americas	48	56
102	Kuwait	Middle East	48	56
103	Dominican Republic	Americas	48	55
104	Jordan	Middle East	48	54
105	Trinidad and Tobago	Americas	48	53
106	Tanzania	Africa	48	52
107	Jamaica	Americas	48	52
108	Marshall Islands	Oceania	48	51
109	Sao Tome & Principe	Africa	48	50
110	Tuvalu	Oceania	48	50
111	Georgia	Europe	45	69
112	Paraguay	Americas	45	62
113	Bahrain	Middle East	45	60
114	Saudi Arabia	Middle East	45	59
115	Bosnia and Herzegovina	Europe	45	57
116	Kosovo	Europe	45	54
117	Micronesia	Oceania	45	50
118	Macau	Asia	42	62
119	Turkey	Asia	42	60
120	Thailand	Asia	42	60
121	Argentina	Americas	42	58
122	Kazakhstan	Asia	42	57
123	Armenia	Asia	42	57
124	Ecuador	Americas	42	55
125	Moldova	Europe	42	55
126	Sri Lanka	Asia	42	53
127	Kenya	Africa	42	52
128	Philippines	Asia	42	52
129	Guatemala	Americas	42	51
130	El Salvador	Americas	42	50
131	Guyana	Americas	42	50
132	Ivory Coast	Africa	42	49
133	Zambia	Africa	42	49
134	Benin	Africa	42	48
135	Malawi	Africa	42	48
136	Madagascar	Africa	42	48
137	Kiribati	Oceania	42	48
138	Nauru	Oceania	42	48
139	Eswatini	Africa	42	47
140	Hong Kong	Asia	38	60
141	Vietnam	Asia	38	56
142	Azerbaijan	Asia	38	51
143	Bolivia	Americas	38	50
144	Suriname	Americas	38	50
145	Egypt	Africa	38	49
146	Nepal	Asia	38	49
147	Kyrgyzstan	Asia	38	49
148	Gambia	Africa	38	48
149	Solomon Islands	Oceania	38	48
150	Timor-Leste	Asia	38	48
151	Uganda	Africa	38	47
152	Gabon	Africa	38	46
153	Sierra Leone	Africa	38	46
154	Togo	Africa	38	46
155	Djibouti	Africa	38	46
156	Mozambique	Africa	38	46
157	Comoros	Africa	38	46
158	Lesotho	Africa	38	44
159	Uzbekistan	Asia	35	49
160	Honduras	Americas	35	46
161	Papua New Guinea	Oceania	35	43
162	Cambodia	Asia	32	51
163	Cuba	Americas	32	50
164	Algeria	Africa	32	47
165	Bangladesh	Asia	32	45
166	Nigeria	Africa	32	44
167	Liberia	Africa	32	44
168	Cameroon	Africa	32	44
169	Angola	Africa	32	43
170	Mauritania	Africa	32	42
171	Nicaragua	Americas	28	49
172	Laos	Asia	28	48
173	Tajikistan	Asia	28	44
174	Pakistan	Asia	28	43
175	Guinea	Africa	28	42
176	Ethiopia	Africa	28	42
177	Congo	Africa	28	41
178	Guinea-Bissau	Africa	28	40
179	Burundi	Africa	28	40
180	Belarus	Europe	25	50
181	Russia	Europe	25	48
182	China	Asia	25	46
183	Zimbabwe	Africa	25	43
184	Turkmenistan	Asia	22	41
185	Burkina Faso	Africa	22	40
186	Equatorial Guinea	Africa	22	39
187	Iran	Middle East	18	38
188	Lebanon	Middle East	15	42
189	Mali	Africa	15	36
190	Niger	Africa	15	36
191	Chad	Africa	15	34
192	Iraq	Middle East	15	34
193	Western Sahara	Africa	15	31
194	North Korea	Asia	15	31
195	Eritrea	Africa	12	34
196	DR Congo	Africa	12	34
197	Venezuela	Americas	8	35
198	Haiti	Americas	8	32
199	Ukraine	Europe	0	39
200	Myanmar	Asia	0	32
201	Palestine	Middle East	0	30
202	Central African Republic	Africa	0	29
203	Libya	Africa	0	28
204	Syria	Middle East	0	27
205	Sudan	Africa	0	26
206	South Sudan	Africa	0	26
207	Somalia	Africa	0	26
208	Yemen	Middle East	0	26
209	Afghanistan	Asia	0	24

At the other end

The five lowest scores on this signal: Afghanistan (0), Yemen (0), Somalia (0), South Sudan (0), Sudan (0). A weak score here is not disqualifying on its own — read it against the composite.

Where this comes from

Each input is normalised to a 0–100 scale and weighted into the score above. We cite the underlying publication rather than the aggregator wherever one exists.

Edition 2026.1 · reviewed quarterly

01Worldwide Governance Indicators
World Bank
Political stability, government effectiveness and regulatory quality.
02Sovereign credit ratings
Fitch / S&P / Moody's
Fiscal position and currency risk.
03Article IV country reports
IMF
Policy volatility and macro-fiscal outlook.