Factors
Built from institutional-quality and wellbeing international markers (LOD, EFI, RLI, EAF, CPI, QOL and WHR); it tells us how predictable, governable, and socially cohesive the market is, whether rules hold under stress and contracts/investments are likely to be protected.
Built from soft power and foreign-exchange reserve strength (GSP and RFE); it tells us about a country’s external standing and its capacity to defend the currency and absorb external shocks—key for attracting partners, capital, and favorable terms.
Built from digital adoption, aid reliance (inverted), demographics, education, social outcomes, and ease of doing business (IAU, LFA inverted, PGR, AYS, SPI and EDB); it tells us the market’s execution and scaling capacity, how well firms, people, and institutions can productively absorb capital and technology.
Built from the sovereign debt burden relative to GDP; it tells us the fiscal headroom (or lack thereof), how exposed policy is to interest-rate shocks and how much space exists for counter-cyclical or development spending.
Built from the national unemployment rate; it tells us labor-market slack and cyclical strain, signals about near-term demand pressure, social risk, and the urgency of job-creating growth.
Built from domestic savings as a share of GDP; it tells us the depth of the internal funding base, how much investment can be financed locally and how resilient the market is if external finance tightens.
International Markers
Degree of electoral process, civil liberties, participation, and governance; Economist Intelligence Unit’s Democracy Index.
Rule of law, government size, regulatory efficiency, and openness to trade/investment; Heritage Foundation’s Index of Economic Freedom.
Share of population using the internet as a proxy for digital adoption; World Bank.
International reputation and influence across culture, business, and governance; Brand Finance Global Soft Power Index.
Central government debt as a share of GDP to gauge sovereign leverage; International Monetary Fund.
Net official aid received relative to GDP indicating reliance on external support; World Bank.
Constraints on power, absence of corruption, justice quality, and order/security; World Justice Project Rule of Law Index.
Annual demographic growth shaping demand and labor supply; United Nations World Population Prospects.
Mean years of schooling among adults as a human-capital stock measure; UNDP Human Development data.
Sovereign creditworthiness and market access signal via ratings/outlook; Moody’s.
Social outcomes across basic needs, wellbeing foundations, and opportunity; Social Progress Imperative’s SPI.
External liquidity buffer from foreign exchange and gold holdings; CIA World Factbook.
Perceived public-sector corruption and institutional integrity; Transparency International’s CPI.
Unemployment rate (modeled ILO estimate) indicating labor market slack; World Bank.
Regulatory ease across the firm lifecycle captured by overall rank; World Bank’s Ease of Doing Business.
Domestic savings as a share of GDP indicating internal investment capacity; World Bank.
Composite living-conditions score (e.g., safety, health, cost, climate); WorldData Quality of Life Index.
Life evaluation/wellbeing based on income, social support, health, freedom, trust; SDSN World Happiness Report.