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Country categories

The country risk classification for your export market.

Classification and systematics

Here you will find the current country classification applicable under the export credit guarantee scheme of the Federal Republic of Germany in alphabetical order. Explanatory notes on the country risk classification system as well as the historical classifications are made available by the OECD.

If one of the multilateral/regional financial institutions named in the table below is included as borrower or guarantor, the premium will be calculated on the basis of a market test.

*) The countries marked *) are high-income countries of the OECD and the euroarea, which are not classified by the OECD with regard to their risk. A premium category, that applies to all OECD countries, does not exist. The premium is calculated on the basis of a market test.

**) In order to avoid competitive distortions within the EU common market, a market test is also carried out for countries marked **). As a result, the premium may be higher than that of the country risk category stated.

Selection:

A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | Y | Z

Changes

The following changes in the German country risk classification system took effect on 9 February 2024:

Country	New category	Previous category
Aruba	4	5
Cabo Verde	5	6
Costa Rica	3	4
Jamaica	5	6
Paraguay	4	5

A

Country	Category
Afghanistan	7
Albania	5
Algeria	5
American Samoa **)	2
American Virgin Islands **)	2
Andorra *)	./.
Angola	6
Antigua and Barbuda	7
Anguilla *)	./.
Argentina	7
Armenia	6
Aruba	4
Australia *)	./.
Austria *)	./.
Azerbaijan	4

Country	Category
Bahamas	4
Bahrain	6
Bangladesh	5
Belarus	7
Belgium *)	./.
Belize	7
Benin	6
Bermuda	2
BES Islands (Bonaire, St. Eustatius & Saba) *)	./.
Bhutan	6
Bolivia	6
Bosnia and Herzegovina	6
Botswana	3
Brazil	5
British Virgin Islands	2
Brunei	2
Bulgaria **)	3
Burkina Faso	7
Burundi	7

Country	Category
Cabo Verde	5
Cambodia	6
Cameroon	6
Canada *)	./.
Canary Islands *)	./.
Cayman Islands	2
Central African Republic	7
Ceuta & Melilla *)	./.
Chad	7
Chile *)	./.
China, PR	2
Colombia	4
Congo, Rep. (Brazzaville)	7
Congo, Dem Rep. (Zaire)	7
Cook Islands *)	7
Costa Rica	3
Côte d’Ivoire	5
Croatia *)	./.
Cuba	7
Curaçao	5
Cyprus *)	./.
Czech Republic *)	./.

Country	Category
Ecuador	6
Egypt	6
El Salvador	7
Equatorial Guinea	7
Eritrea	7
Estonia *)	./.
Eswatini	6
Ethiopia	7

Country	Category
Falkland Islands *)	./.
Fidji	5
Finland *)	./.
France *)	./.
French Guiana *)	./.
French Polynesia	2

Country	Category
Gabon	6
Gambia	7
Georgia	5
Ghana	7
Gibraltar *)	./.
Greece *)	./.
Greenland *)	./.
Grenada	7
Guadeloupe *)	./.
Guam **)	2
Guatemala	4
Guinea	7
Guinea-Bissau	7
Guyana	5

Country	Category
Iceland *)	./.
India	3
Indonesia	3
Iran	7
Iraq	7
Ireland *)	./.
Israel **)	./.
Italy *)	./.

Country	Category
Kazakhstan	5
Kenya	7
Korea, DPR (North)	7
Korea, (South) *)	./.
Kosovo	6
Kuwait	2
Kyrgyzstan	7

Country	Category
Laos, DPR	7
Lativa *)	./.
Lebanon	7
Lesotho	6
Liberia	7
Libya	7
Liechtenstein *)	./.
Lithuania *)	./.
Louxemburg *)	./.

Country	Category
Macao	2
Madagascar	7
Malawi	7
Malaysia	2
Maldives	7
Mali	7
Malta *)	./.
Marshall Islands	4
Martinique *)	./.
Mauritania	7
Mauritius	3
Mayotte *)	./.
Mexico	3
Moldova	7
Monaco *)	./.
Mongolia	7
Montenegro	6
Montserrat *)	./.
Morocco	3
Mozambique	7
Myanmar (Burma)	7

Country	Category
Namibia	6
Nepal	6
Netherlands *)	./.
New Caledonia	2
New Zealand *)	./.
Nicaragua	7
Niger	7
Nigeria	6
Niue *)	./.
Northern Mariana Islands **)	2
North Macedonia	5
Norway *)	./.

Country	Category
Denmark *)	./.
Djibouti	7
Dominica	5
Dominican Republic	4

Country	Category
Haiti	7
Honduras	5
Hong Kong (China, PR)	2
Hungary *)	./.

Country	Category
Pakistan	7
Palau	4
Palestine - Autonomous Terriories	7
Panama	4
Papua New Guinea	6
Paraguay	4
Peru	3
Philippines	3
Pitcairn Islands *)	./.
Poland *)	./.
Portugal *)	./.
Puerto Rico **)	2

Country	Category
Réunion *)	./.
Romania **)	3
Russia	7
Rwanda	6

Country	Category
Saint Helena *)	./.
Saint Kitts & Nevis	7
Saint Pierre & Miquelon *)	./.
Saint Vincent & the Grenadines	5
Samoa (Western)	4
San Marino *)	./.
Sao Tome and Principe	7
Saudi Arabia	2
Senegal	5
Serbia	4
Seychelles	6
Sierra Leone	7
Singapore *)	0
Sint Maarten	5
Slovak Republic *)	./.
Slovenia *)	./.
Solomon Islands	7
Somalia	7
South Africa	4
South Sudan	7
Spain *)	./.
Sri Lanka	7
Sudan	7
Surinam	7
Sweden *)	./.
Switzerland *)	./.
Syrian Arab Republic	7

Country	Category
Taiwan	2
Tajikistan	7
Tanzania	6
Thailand	3
Timor-Leste	6
Togo	6
Trinidad und Tobago	3
Tunisia	7
Türkiye	5
Turkmenistan	7
Turks and Caicos Islands	5

Country	Category
Uganda	6
Ukraine	7
United Arab Emirates	2
United Kingdom *)	./.
United States of America *)	./.
Uruguay	3
Uzbekistan	5

Institution		Domicile
AfDB	African Development Bank	Abidjan, Cote d'Ivoire
Afreximbank	African Export-Import Bank	Cairo, Egypt
ADB*	Asian Development Bank	Manila, Philippines
BOAD	West African Development Bank	Lomé, Togo
BSTDB	Black Sea Trade and Development Bank	Thessaloniki, Greece
CABEI	Central American Bank for Economic Integration	Tegucigalpa, Honduras
CAF	Corporación Andina de Fomento	Caracas, Venezuela
EDB	Eurasian Development Bank	Almaty, Kazakhstan
IIB	International Investment Bank	Moskow, Russia
TDB	Eastern and Southern Trade and Development Bank	Bujumbura, Burundi

Country categories

Classification and systematics

Changes

A

B

C

D

E

F

G

H

I

J

K

L

M

N

O

P

Q

R

S

T

U

V

W

Y

Z

Country Cover Policy

Multilateral / regional financing institutions