Analysts at FM Global evaluate the ability of a people within their country to recover from disruptive events based on their current state. Analysts combine proprietary data from more than 100,000 commercial properties worldwide along with published data from the International Monetary Fund (GDP), the U.S. Energy Information Administration (oil), the World Bank (political risk, corruption control) and the World Economic Forum (infrastructure, supplier worthiness).
To come up with their ranking, analysts look at the likelihood for natural disasters as well as negative political events. Then analysts weigh factors such as the dependency on foreign oil, state of political stability, political corruption, state of economy, and state of infrastructure. Analysts combine these factors to form a score from 0 to 100, with 0 signifying lowest resilience and 100, highest resilience.
According to the exec summary, "Countries with strong economies, high-quality infrastructures and a high level of risk quality [standards] score well. This is why Norway, Switzerland and Canada appear in the top three slots."
Let's face it. Whether you are traveling, speculating or investing, it comes down to these: politics — terrorism, war, leadership instability, sudden political regulation, graft — and the earth — storms, earthquakes, volcanic eruptions, wildfires, drought, heat waves, floods. Would you like to get stuck in a country with no recourse or no way to save you once you put your past-earned profit or yourself at risk?
Here are the top resilient countries: 1 - Norway (100.0), 2 - Switzerland (98.9), 3 - Canada (93.2), 4 - Australia (92.1), 5 - Ireland (90.4), 6 - Germany (89.8), 7 - Luxembourg (89.7), 8 - Netherlands (87.6), 9 - Belgium (87.6), 10 - USA Region 3 (87.4 - see below), 11 - Finland (87.3), 12 - New Zealand (86.4).
Back in September, in YAY CANADA (AND AUSTRALIA, NEW ZEALAND, NORWAY AND ICELAND), I reported on the 2014 Chicago Council Survey of American Public Opinion and US Foreign Policy, which revealed beliefs Americans hold about foreigners and their countries. As well, I revealed my own beliefs.
If I were speculating in foreign stocks, likely I would do so in Canada, Australia, New Zealand, Norway, Ireland, the UK (20), Germany.
If I were spending travel dollars, likely I would do so in Canada, Australia, New Zealand, Japan (32), Norway, Ireland, the UK, Germany, Iceland (23), Finland, Sweden (13), Denmark (14), the Netherlands, Belgium, Switzerland, Czech Republic (26), Estonia (34), Poland (30), Slovenia (31), Andorra (nr), Luxembourg (nr), Monaco (nr), San Marino Liechtenstein (nr).
In the days of ISIS, likely I would avoid traveling to these cities in these countries: Sweden — Malmo, Stockholm; Copenhagen, Denmark; Germany — Berlin, Cologne, Frankfurt; Netherlands — Amsterdam, Rotterdam, The Hague, Utrecht; United Kingdom — Birmingham, Blackburn, Bradford, Leicster, London, Luton, Slough; Belgium — Antwerp, Brussels.
USA Region 1 — Alabama, Connecticut, Delaware, Florida, Georgia, Louisiana, Maine, Maryland, Massachusetts, Mississippi, New Hampshire, New Jersey, New York, North Carolina, Rhode Island, South Carolina, Texas.
USA Region 2 — Alaska, California, Hawaii, Nevada, Oregon, Puerto Rico, Utah, Washington.
USA Region 3 — Arizona, Arkansas, Colorado, District of Columbia, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Michigan, Minnesota, Missouri, Montana, Nebraska, New Mexico, North Dakota, Ohio, Oklahoma, Pennsylvania, South Dakota, Tennessee, Vermont, West Virginia, Wisconsin, Wyoming.
USA Region 1 came in 18th. USA Region 2 came in 21st.
FM Global publishes the FM Global Resilience Index every year.