Unlocking the growth potential
B1
LOW RISK for entreprise
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Economic risk
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Business environment risk
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Political risk
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Commercial risk
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Financing risk
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Economic risk
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Business environment risk
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Political risk
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Commercial risk
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Financing risk
Last updated in July 2024.
GDP | USD 3549.9bn (World ranking 5, World Bank 2023) |
Population | 1428.6mn (World ranking 1, World Bank 2023) |
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Strengths & Weaknesses
- Relatively stable government
- Large internal market, providing some insulation from global business cycle
- Successful diversification into manufacturing and services
- High annual GDP growth
- Low external debt relative to earnings, repayment capacity and reserves
- Favorable demographics
- Structural weaknesses including inadequate infrastructure and current and fiscal account deficits
- Financial risks to monitor, namely balance sheets of banks and non-bank financial institutions
- Weak structural business environment (slowly improving)
- Poverty and uneven income distribution, low literacy rates and fierce brain drain
- Vulnerable to natural disasters
- India-China relations to remain tense in part due to border disputes
Economic Overview
Trade Structure by destination/origin
(% of total, 2023)
Exports | Rank | Imports | ||
United States 17.6% | 1 | China 17.8% | ||
United Arab Emirates 7.7% | 2 | Russian Federation 7.2% | ||
Netherlands 5.4% | 3 | United States 6.5% | ||
China 3.8% | 4 | United Arab Emirates 6.4% | ||
United Kingdom 2.9% | 5 | Saudi Arabia 5.2% |
Trade Structure by product
(% of total, annual 2023)
Exports | Rank | Imports |
Petroleum, petroleum products and related materials 20.2% |
1 | 21.2% Petroleum, petroleum products and related materials |
Non metallic mineral manufactures, n.e.s. 6.1% |
2 | 7.9% Electrical machinery, apparatus and appliances, n.e.s. |
Medicinal and pharmaceutical products 5.4% |
3 | 6.9% Gold, non-monetary (excluding gold ores and concentrates) |
Road vehicles 4.6% |
4 | 5.2% Coal, coke and briquettes |
Textile yarn and related products 4.2% |
5 | 4.8% Non metallic mineral manufactures, n.e.s. |
Collection Complexity
The Allianz Trade Collection Complexity Score provides a simple assessment of how easy it is to collect debt around the world. The 2022 edition covers 49 countries that represent nearly 90% of global GDP and 85% of global trade.
Contacts
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