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The Global Risks Index
The Global Risks Index · GRX-IDX-FIS · MSF Macro-financial and structural fragility

Fiscal and public debt risk index

Expert-weighted geometric mean of the six fiscal sub-indices and the MAC external vulnerability sub-index, each on 0–10 and floored at 0.1 before aggregation.

Construction Simulator Indicators
Page GRX-IDX-FISEdition Baseline Edition 2026Evidence close 2026-09-30Indicator Standard IDX.FIS.debt.fiscal_riskValues not yet publishedMethod v1.0.0-draft
FIG 1 · Method card
Aggregation

geometric

expert weights · floor 0.1 where geometric

Nediyarî

1,000 draws

normalisation, weights, aggregation

Avahî

7 components

27 leaf indicators

Vegirtin

71% minimum

modelled share ≤ 20%

From the Indicator Standard definition of this index.
27
leaf indicators
7
components
1,000
Monte Carlo draws
5
series read it
01Construction

From indicators to the composite

One domain view of sovereign fiscal risk that partly penalises weakness in any pillar; the sub-indices stay visible beside it. It is not a debt-distress rating and never replaces the published LIC-DSF or SRDSF signals.

computation
How Fiscal and public debt risk is computed
Graph37 nodes
Grafîk
01Nîşander
02Sub-indices
03Domain index
04Pillar
05Pêkhatî
100%
Lîste
  1. Deynê gelemperî yê hikûmeta giştî, para GDP
    Indicator · IND · %
    All liabilities of general government that require future payment of interest or principal (debt securities, loans, other accounts payable and similar instruments), at nominal or face value, as a percentage of GDP.
  2. Deynê net ê hikûmeta giştî, para GDP
    Indicator · IND · %
    Gross general government debt minus financial assets held in the form of the same debt instruments, as a percentage of GDP.
  3. Nirxa niha ya deynê derve yê giştî, para GDP
    Indicator · IND · %
    Present value of public and publicly guaranteed external debt, discounted at the LIC-DSF unified discount rate, as a percentage of GDP.
  4. Nirxa niha ya deynê derve yê giştî, para hinardekirinê
    Indicator · IND · %
    Present value of public and publicly guaranteed external debt as a percentage of exports of goods and services.
  5. Pêdiviyên darayîkirinê yên gelemperî yên giştî, para GDP
    Indicator · IND · %
    General government overall deficit plus amortisation of debt falling due in the year (including short-term debt), as a percentage of GDP.
  6. Xizmeta deynê derve yê giştî, para dahatê
    Indicator · IND · %
    Principal and interest paid on public and publicly guaranteed external debt in the year as a percentage of general government revenue excluding grants.
  7. Xizmeta deynê derve yê giştî, para hinardekirinê
    Indicator · IND · %
    Principal and interest paid on public and publicly guaranteed external debt in the year as a percentage of exports of goods, services and primary income.
  8. Cudahiya bondên serwerî li hember pîvana referansê
    Indicator · IND · %
    Yield spread of the sovereign’s foreign-currency bonds over US Treasury (or Bund) securities of matched duration, in percentage points, period average.
  9. Para dirava biyanî di deynê hikûmeta giştî de
    Indicator · IND · %
    Share of general government debt denominated in, or indexed to, a foreign currency, at end of period.
  10. Para kurtdem a deynê hikûmeta giştî (mehdûdiya mayî)
    Indicator · IND · %
    Share of general government debt falling due within twelve months, by residual maturity, at end of period.
  11. Deynê hikûmeta giştî yê di destê nerûniştvanan de
    Indicator · IND · %
    Share of general government debt held by non-resident creditors (official and private), at end of period.
  12. Navgîniya dema heta mehdûdiyê ya deynê hikûmeta giştî
    Indicator · IND · a
    Weighted average residual maturity of general government debt principal, in years, at end of period.
  13. Para bi mercên nerm a deynê derve yê giştî
    Indicator · IND · %
    Share of public and publicly guaranteed external debt contracted on concessional terms (grant element of at least 35%), at end of period.
  14. Lêçûnên hişk, para dahatê
    Indicator · IND · %
    Compensation of employees, interest and social benefits (GFSM 2014 items 21, 24 and 27) together as a percentage of general government revenue.
  15. Dayîna faîzê, para dahatê
    Indicator · IND · %
    General government interest payments (GFSM 2014 item 24) as a percentage of general government revenue.
  16. Dahata hikûmeta giştî, para GDP
    Indicator · IND · %
    Total general government revenue as a percentage of GDP.
  17. Dahata çavkaniyên xwezayî, para dahata hikûmeta giştî
    Indicator · IND · %
    Revenue from oil, gas and mining (royalties, resource taxes, profit transfers from state resource companies) as a percentage of total general government revenue.
  18. Hevsengiya giştî ya hikûmeta giştî, para GDP
    Indicator · IND · %
    General government revenue minus total expenditure (net lending or net borrowing, GFSM 2014) in the year, as a percentage of GDP.
  19. Hevsengiya seretayî ya hikûmeta giştî, para GDP
    Indicator · IND · %
    Overall general government balance excluding net interest payments, as a percentage of GDP.
  20. Interest-rate-growth differential (r – g)
    Indicator · IND · %
    Effective real interest rate on general government debt (interest paid over the previous year’s debt stock, deflated by the GDP deflator) minus real GDP growth, three-year average, in percentage points.
  21. Deynê pargîdaniyên giştî yên nedarayî, para GDP
    Indicator · IND · %
    Gross debt of non-financial public corporations (state-owned enterprises outside general government) as a percentage of GDP, where reported.
  22. Garantiyên hikûmetê yên berdewam, para GDP
    Indicator · IND · %
    Stock of explicit one-off loan guarantees issued by general government (including public-private partnership guarantees) outstanding at end of period, as a percentage of GDP.
  23. Lêçûna darayî ya salane ya hêvîkirî ya karesatan, para GDP
    Indicator · IND · %
    Modelled average annual cost to the budget of disaster relief, reconstruction of public assets and revenue loss, net of pre-arranged risk financing, as a percentage of GDP.
  24. Hevsengiya hesabê heyî, para GDP
    Indicator · IND · %
    Balance of trade in goods and services, primary and secondary income, as a percentage of GDP (BPM6).
  25. Rezerv bi mehên îthalatê
    Indicator · IND · mo
    Gross international reserves (including gold) divided by the monthly value of imports of goods and services.
  26. Deynê derve yê kurtdem, para rezervan
    Indicator · IND · %
    External debt with original maturity of one year or less as a percentage of gross international reserves.
  27. Stoka deynê derve, para GNI
    Indicator · IND · %
    Total external debt owed to non-residents (public, publicly guaranteed, private non-guaranteed, IMF credit and short-term) as a percentage of GNI.
  28. Public debt burden sub-index
    Sub-index · SUB · w 2 · 22.2%
    Composite of gross and net general government debt and the present value of public external debt to GDP and to exports.
  29. Financing pressure sub-index
    Sub-index · SUB · w 2 · 22.2%
    Composite of gross financing needs, public external debt service to revenue and to exports, and the sovereign bond spread.
  30. Debt composition risk sub-index
    Sub-index · SUB · w 1.5 · 16.7%
    Composite of the foreign-currency share, short-term share, non-resident holdings, average maturity and concessional share of public debt.
  31. Budget rigidity and revenue weakness sub-index
    Sub-index · SUB · w 1 · 11.1%
    Composite of rigid expenditure to revenue, interest to revenue, revenue to GDP and resource-revenue dependence.
  32. Fiscal position sub-index
    Sub-index · SUB · w 1 · 11.1%
    Composite of the overall balance, the primary balance and the interest-rate-growth differential.
  33. Contingent liability sub-index
    Sub-index · SUB · w 1 · 11.1%
    Composite of state-owned-enterprise debt, outstanding guarantees and the expected annual fiscal cost of disasters.
  34. External vulnerability sub-index
    Sub-index · SUB · w 0.5 · 5.6%
    Composite of current-account balance, reserve cover, short-term debt to reserves and external debt.
  35. Fiscal and public debt risk index
    Domain index · IDX · geometric
    Expert-weighted geometric mean of the six fiscal sub-indices and the MAC external vulnerability sub-index, each on 0–10 and floored at 0.1 before aggregation.
  36. Macro-financial and structural fragility
    Pillar · PILLAR · 5 indices
    How much fiscal, financial, external, digital and technological room does the system have before stress turns into crisis?
  37. NXS-GRX (canonical data, provenance and risk) Composite Risk
    Composite · COMPOSITE · four pillars
    Composite = (HTE × VUL × MSF × LCC)^(1/4), each pillar on 0–10 floored at 0.1; pillar = expert-weighted geometric mean of its domain indices
Not runDi pêvajoyê deQediya
FIG 2. 27 indicators, 7 components, real Indicator Standard weights (the bar under each node is its share). Select a node to trace what it feeds and what feeds it; Simulate run plays the computation in order. Schematic of the construction; source: Indicator Standard composite definitions.
02Simulator

Run this index’s own aggregation

Set each component, change the aggregation or the weight uncertainty, and watch the interval, the class probability and each component’s contribution respond.

FIG 3 · Simulator: aggregate fiscal and public debt risk on your numbers
Components (0 to 10)
3.0
5.0
7.0
4.0
6.0
3.0
5.0
25
1
–
runs in your browser
Contribution of each component (leave one out)
Simulator: the index’s published aggregation run on numbers you set, with 1,000 draws over weights and aggregation. The slider positions are starting points for the explainer, not NXS-GRX values. Simulated on your own inputs; not a measured result.
03Rêbaz

Treatment, normalisation, weighting, aggregation, uncertainty

Treatment
NONE
Outlier rule
|skew| > 2, kurtosis > 3.5
Normalisation
IDENTITY
Imputation
NONE
Coverage minimum
71% of components
Modelled share cap
20% of weight
Weighting
pispor
Aggregation
geometric
Scale
0 to 10
Nediyarî
1,000 Monte Carlo runs over normalisation, weights, aggregation
Framework basis
OECD/JRC Handbook (2008); JRC COIN 10-step guide; INFORM geometric aggregation; IMF SRDSF and IMF/WB LIC-DSF (pillar structure only)
Very low0.0 to < 2.0
Low2.0 to < 3.5
Medium3.5 to < 5.0
High5.0 to < 6.5
Very high6.5 to 10.0
04Components

7 components, 27 indicators

Public debt burden sub-index w 2

Composite of gross and net general government debt and the present value of public external debt to GDP and to exports.

NîşanderYekîneDelîlÇavkanîPar
Deynê gelemperî yê hikûmeta giştî, para GDPIND.FIS.debt.gross_debt.gdp%Class Aimf-weo, imf-gdd, wb-qpsd37.5%
Deynê net ê hikûmeta giştî, para GDPIND.FIS.debt.net_debt.gdp%Class Bimf-weo12.5%
Nirxa niha ya deynê derve yê giştî, para GDPIND.FIS.debt.external_ppg_pv.gdp%Class Cimf-wb-lic-dsf, wb-ids25.0%
Nirxa niha ya deynê derve yê giştî, para hinardekirinêIND.FIS.debt.external_ppg_pv.exports%Class Cimf-wb-lic-dsf, wb-ids25.0%

Financing pressure sub-index w 2

Composite of gross financing needs, public external debt service to revenue and to exports, and the sovereign bond spread.

NîşanderYekîneDelîlÇavkanîPar
Pêdiviyên darayîkirinê yên gelemperî yên giştî, para GDPIND.FIS.financing.gross_financing_needs.gdp%Class Cimf-dsa, imf-fiscal-monitor, national-dmo37.5%
Xizmeta deynê derve yê giştî, para dahatêIND.FIS.financing.external_ppg_debt_service.revenue%Class Bimf-wb-lic-dsf, wb-ids, imf-gfs25.0%
Xizmeta deynê derve yê giştî, para hinardekirinêIND.FIS.financing.external_ppg_debt_service.exports%Class Awb-ids, wb-wdi25.0%
Cudahiya bondên serwerî li hember pîvana referansêIND.FIS.financing.sovereign_spread%Class Bjpm-embi:licensed, national-bond-yields, imf-dsa12.5%

Debt composition risk sub-index w 1.5

Composite of the foreign-currency share, short-term share, non-resident holdings, average maturity and concessional share of public debt.

NîşanderYekîneDelîlÇavkanîPar
Para dirava biyanî di deynê hikûmeta giştî deIND.FIS.debt.fx_share%Class Bwb-qpsd, national-dmo, imf-dsa20.0%
Para kurtdem a deynê hikûmeta giştî (mehdûdiya mayî)IND.FIS.debt.short_term_share%Class Bwb-qpsd, national-dmo, imf-dsa20.0%
Deynê hikûmeta giştî yê di destê nerûniştvanan deIND.FIS.debt.nonresident_share%Class Cimf-sovereign-investor-base, wb-qpsd, national-dmo20.0%
Navgîniya dema heta mehdûdiyê ya deynê hikûmeta giştîIND.FIS.debt.average_maturityaClass Bnational-dmo, oecd-sovereign-borrowing, imf-dsa20.0%
Para bi mercên nerm a deynê derve yê giştîIND.FIS.debt.concessional_share%Class Awb-ids20.0%

Budget rigidity and revenue weakness sub-index w 1

Composite of rigid expenditure to revenue, interest to revenue, revenue to GDP and resource-revenue dependence.

NîşanderYekîneDelîlÇavkanîPar
Lêçûnên hişk, para dahatêIND.FIS.expenditure.rigid_share.revenue%Class Bderived:imf-gfs28.6%
Dayîna faîzê, para dahatêIND.FIS.expenditure.interest.revenue%Class Aimf-gfs, imf-weo, wb-wdi28.6%
Dahata hikûmeta giştî, para GDPIND.FIS.revenue.total.gdp%Class Aimf-weo, imf-gfs, unu-wider-grd28.6%
Dahata çavkaniyên xwezayî, para dahata hikûmeta giştîIND.FIS.revenue.resource_revenue_share%Class Bunu-wider-grd, imf-gfs, eiti14.3%

Fiscal position sub-index w 1

Composite of the overall balance, the primary balance and the interest-rate-growth differential.

NîşanderYekîneDelîlÇavkanîPar
Hevsengiya giştî ya hikûmeta giştî, para GDPIND.FIS.balance.overall_balance.gdp%Class Aimf-weo, imf-gfs, wb-wdi33.3%
Hevsengiya seretayî ya hikûmeta giştî, para GDPIND.FIS.balance.primary_balance.gdp%Class Aimf-weo, imf-gfs33.3%
Interest-rate-growth differential (r – g)IND.FIS.balance.interest_growth_differential%Class Cderived:imf-weo, derived:nis:IND.MAC.output.real_gdp_growth33.3%

Contingent liability sub-index w 1

Composite of state-owned-enterprise debt, outstanding guarantees and the expected annual fiscal cost of disasters.

NîşanderYekîneDelîlÇavkanîPar
Deynê pargîdaniyên giştî yên nedarayî, para GDPIND.FIS.contingent.soe_debt.gdp%Class Cwb-qpsd, imf-public-sector-balance-sheet, national-soe-reports40.0%
Garantiyên hikûmetê yên berdewam, para GDPIND.FIS.contingent.guarantees.gdp%Class Cnational-fiscal-risk-statements, wb-ppi, imf-dsa40.0%
Lêçûna darayî ya salane ya hêvîkirî ya karesatan, para GDPIND.FIS.contingent.disaster_fiscal_cost.gdp%Class Dundrr-gar-aal, wb-country-climate-development-reports, imf-dsa-climate-annex20.0%

External vulnerability sub-index w 0.5

Composite of current-account balance, reserve cover, short-term debt to reserves and external debt.

NîşanderYekîneDelîlÇavkanîPar
Hevsengiya hesabê heyî, para GDPIND.MAC.external.current_account.gdp%Class Awb-wdi, imf-weo, imf-bop25.0%
Rezerv bi mehên îthalatêIND.MAC.external.reserves_import_covermoClass Awb-wdi, imf-irfcl25.0%
Deynê derve yê kurtdem, para rezervanIND.MAC.external.short_term_debt_to_reserves%Class Awb-ids, wb-wdi25.0%
Stoka deynê derve, para GNIIND.MAC.external.external_debt.gni%Class Awb-ids25.0%
05Qad

Fiscal and public debt

Government revenue, spending, balances, debt stock, composition, financing needs and contingent liabilities.

Sub-domainNîşander
Fiscal balance4
Revenue5
Expenditure3
Debt stock and composition9
Gross financing needs5
Contingent liabilities3
Debt-carrying capacity8

Anchor frameworks (pillar structure and definitions only): IMF GFS 2014; IMF/WB LIC-DSF; IMF SRDSF; Sovereign rating fiscal pillar.

06Nîşander

All 37 fiscal and public debt indicators

FIG 4 · Indicators in scope, by domain and sub-domain
FIS · 37
Area is the number of indicator definitions; colour is the pillar the domain feeds (Macroeconomy and Space feed through their indices). Select a block to filter the table. Source: Indicator Standard Nexus Indicator Standard register.
NîşanderQadSub-domainComponentYekîneAstCrosswalks
Hevsengiya giştî ya hikûmeta giştî, para GDPIND.FIS.balance.overall_balance.gdpFISFiscal balancevulnerability%COUNTRYIMF_WEO GGXCNL_NGDP WB_WDI GC.NLD.TOTL.GD.ZS
Hevsengiya seretayî ya hikûmeta giştî, para GDPIND.FIS.balance.primary_balance.gdpFISFiscal balancevulnerability%COUNTRYIMF_WEO GGXONLB_NGDP
Hevsengiya avahîsaz a hikûmeta giştî, para GDP ya potansiyelIND.FIS.balance.structural_balance.potgdpFISFiscal balancevulnerability%COUNTRYIMF_WEO GGSB_NPGDP
Interest-rate-growth differential (r – g)IND.FIS.balance.interest_growth_differentialFISFiscal balancevulnerability%COUNTRY
Dahata hikûmeta giştî, dolarên DYA yên heyîIND.FIS.revenue.total.usdFISRevenuecontext[USD]COUNTRYIMF_GFS 1
Dahata hikûmeta giştî, para GDPIND.FIS.revenue.total.gdpFISRevenuecoping capacity%COUNTRYIMF_WEO GGR_NGDP SDG 17.1.1 WB_WDI GC.REV.XGRT.GD.ZS
Dahata bacê, para GDPIND.FIS.revenue.tax.gdpFISRevenuecoping capacity%COUNTRYWB_WDI GC.TAX.TOTL.GD.ZS IMF_GFS 11
Hewla bacê (rastîn li hember kapasîteya bacê ya texmînkirî)IND.FIS.revenue.tax_effortFISRevenueadaptive capacity1COUNTRY
Dahata çavkaniyên xwezayî, para dahata hikûmeta giştîIND.FIS.revenue.resource_revenue_shareFISRevenuevulnerability%COUNTRY
Lêçûnên hikûmeta giştî, para GDPIND.FIS.expenditure.total.gdpFISExpenditurecontext%COUNTRYIMF_WEO GGX_NGDP WB_WDI GC.XPN.TOTL.GD.ZS
Lêçûnên hişk, para dahatêIND.FIS.expenditure.rigid_share.revenueFISExpenditurevulnerability%COUNTRY
Dayîna faîzê, para dahatêIND.FIS.expenditure.interest.revenueFISExpenditurevulnerability%COUNTRYWB_WDI GC.XPN.INTP.RV.ZS
Deynê gelemperî yê hikûmeta giştî, para GDPIND.FIS.debt.gross_debt.gdpFISDebt stock and compositionvulnerability%COUNTRYIMF_WEO GGXWDG_NGDP WB_WDI GC.DOD.TOTL.GD.ZS
Deynê net ê hikûmeta giştî, para GDPIND.FIS.debt.net_debt.gdpFISDebt stock and compositionvulnerability%COUNTRYIMF_WEO GGXWDN_NGDP
Para dirava biyanî di deynê hikûmeta giştî deIND.FIS.debt.fx_shareFISDebt stock and compositionvulnerability%COUNTRY
Para kurtdem a deynê hikûmeta giştî (mehdûdiya mayî)IND.FIS.debt.short_term_shareFISDebt stock and compositionvulnerability%COUNTRY
Navgîniya dema heta mehdûdiyê ya deynê hikûmeta giştîIND.FIS.debt.average_maturityFISDebt stock and compositionvulnerabilityaCOUNTRY
Deynê hikûmeta giştî yê di destê nerûniştvanan deIND.FIS.debt.nonresident_shareFISDebt stock and compositionvulnerability%COUNTRY
Para bi mercên nerm a deynê derve yê giştîIND.FIS.debt.concessional_shareFISDebt stock and compositionvulnerability%COUNTRYWB_WDI DT.DOD.ALLC.ZS
Nirxa niha ya deynê derve yê giştî, para GDPIND.FIS.debt.external_ppg_pv.gdpFISDebt stock and compositionvulnerability%COUNTRYWB_WDI DT.DOD.PVLX.GN.ZS
Nirxa niha ya deynê derve yê giştî, para hinardekirinêIND.FIS.debt.external_ppg_pv.exportsFISDebt stock and compositionvulnerability%COUNTRYWB_WDI DT.DOD.PVLX.EX.ZS
Pêdiviyên darayîkirinê yên gelemperî yên giştî, para GDPIND.FIS.financing.gross_financing_needs.gdpFISGross financing needsvulnerability%COUNTRY
Xizmeta deynê derve yê giştî, para dahatêIND.FIS.financing.external_ppg_debt_service.revenueFISGross financing needsvulnerability%COUNTRY
Xizmeta deynê derve yê giştî, para hinardekirinêIND.FIS.financing.external_ppg_debt_service.exportsFISGross financing needsvulnerability%COUNTRYWB_WDI DT.TDS.DPPG.XP.ZS SDG 17.4.1
Cudahiya bondên serwerî li hember pîvana referansêIND.FIS.financing.sovereign_spreadFISGross financing needsvulnerability%COUNTRY
Cudahiya credit default swap a serwerî ya pênc salîIND.FIS.financing.sovereign_cds_5yFISGross financing needsvulnerability%COUNTRY
Deynê pargîdaniyên giştî yên nedarayî, para GDPIND.FIS.contingent.soe_debt.gdpFISContingent liabilitiesvulnerability%COUNTRY
Garantiyên hikûmetê yên berdewam, para GDPIND.FIS.contingent.guarantees.gdpFISContingent liabilitiesvulnerability%COUNTRY
Lêçûna darayî ya salane ya hêvîkirî ya karesatan, para GDPIND.FIS.contingent.disaster_fiscal_cost.gdpFISContingent liabilitiesvulnerability%COUNTRY
Puana nîşanderê hevedudanî ya LIC-DSF (weşandî, referans)IND.FIS.capacity.lic_dsf_composite_indicatorFISDebt-carrying capacitycoping capacity{score}COUNTRY
Sînorê LIC-DSF: PV ya deynê derve li hember GDP (referans)IND.FIS.capacity.lic_dsf_threshold.pv_ext_gdpFISDebt-carrying capacitycontext%COUNTRY
Sînorê LIC-DSF: PV ya deynê derve li hember hinardekirinê (referans)IND.FIS.capacity.lic_dsf_threshold.pv_ext_exportsFISDebt-carrying capacitycontext%COUNTRY
Sînorê LIC-DSF: xizmeta deynê derve li hember hinardekirinê (referans)IND.FIS.capacity.lic_dsf_threshold.ds_ext_exportsFISDebt-carrying capacitycontext%COUNTRY
Sînorê LIC-DSF: xizmeta deynê derve li hember dahatê (referans)IND.FIS.capacity.lic_dsf_threshold.ds_ext_revenueFISDebt-carrying capacitycontext%COUNTRY
Pîvana LIC-DSF: PV ya tevahiya deynê giştî li hember GDP (referans)IND.FIS.capacity.lic_dsf_threshold.pv_public_gdpFISDebt-carrying capacitycontext%COUNTRY
Xetera tengasiya deynê ya LIC-DSF, wekî hatiye weşandin (referans)IND.FIS.capacity.lic_dsf_risk_publishedFISDebt-carrying capacitycontext{class}COUNTRY
Xetera giştî ya stresa serwerî ya SRDSF, wekî hatiye weşandin (referans)IND.FIS.capacity.srdsf_risk_publishedFISDebt-carrying capacitycontext{class}COUNTRY
07Quote

Fiscal and public debt risk index, world

The world reading of this index, every country as a tile and the largest movements since the previous edition.

NXS-GRX · FIS · 195 profiles · 0–10 scale
Fiscal and public debt risk index, world
–
Values publish with the edition; the interval, class and change appear here.
Previous edition
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Range since 2016
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Coupled composite
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Coupling score S
–
Pulse, latest week
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Outlook, 12 months
–
Rêbaz
Indicator Standard 1.0 · NXS-GRX 2026
Draws
1,000
Fiscal and public debt risk index, world, by edition

No released values yet. The first edition draws the history here with its interval band and class bounds.

The line is the point value by edition; the band is the 90% interval; dashed lines are the class bounds at 2, 3.5, 5 and 6.5.
Afrîka54
DZA AGO BEN BWA BFA BDI CPV CMR CAF TCD COM COG CIV COD DJI EGY GNQ ERI SWZ ETH GAB GMB GHA GIN GNB KEN LSO LBR LBY MDG MWI MLI MRT MUS MAR MOZ NAM NER NGA RWA STP SEN SYC SLE SOM ZAF SSD SDN TGO TUN UGA TZA ZMB ZWE
Amerîka35
ATG ARG BHS BRB BLZ BOL BRA CAN CHL COL CRI CUB DMA DOM ECU SLV GRD GTM GUY HTI HND JAM MEX NIC PAN PRY PER KNA LCA VCT SUR TTO USA URY VEN
Asya48
AFG ARM AZE BHR BGD BTN BRN KHM CHN CYP PRK GEO IND IDN IRN IRQ ISR JPN JOR KAZ KWT KGZ LAO LBN MYS MDV MNG MMR NPL OMN PAK PHL QAT KOR SAU SGP LKA PSE SYR TJK THA TLS TUR TKM ARE UZB VNM YEM
Ewropa44
ALB AND AUT BLR BEL BIH BGR HRV CZE DNK EST FIN FRA DEU GRC VAT HUN ISL IRL ITA LVA LIE LTU LUX MLT MCO MNE NLD MKD NOR POL PRT MDA ROU RUS SMR SRB SVK SVN ESP SWE CHE UKR GBR
Okyanûsya14
AUS FJI KIR MHL FSM NRU NZL PLW PNG WSM SLB TON TUV VUT
No movements yet. Changes since the previous edition are listed here from the second edition on, with the indicators that drove them.
08Nirx

Country values

FIG 5 · Fiscal and public debt risk index: countries (values when released)
Nexşe tê barkirin
AndoraAntîgua û BarbûdaBehreynBarbadosKomorKabo VerdeDomînîkaMîkronezya (Dewletên Federal ên)GrenadaKirîbatîSaint Kitts û NevisSanta LûsyaLîhtenştaynMonakoMaldîvGiravên MarşalMaltaMorîsNaûrûPalaûSingapûrSan MarînoSao Tome û PrînsîpeSeyşelTongaTûvalûKursiya PîrozSaint Vincent û GrenadînSamoa
Equal Earth · Natural Earth 1:110mValues when released
Until the first edition is released the map shows UN M49 regions or the Nexus Reports edition; it then shows this index’s classes with each country’s interval on hover. Countries are listed by name, never ordered by value.
Tiles
/api/v1/public/grix/risk-products/tiles/fis/{z}/{x}/{y}.mvt
Rêbera çavdêriyê
nis:IDX.FIS.debt.fiscal_risk:{ISO3}:{YEAR}:A
09Rêze

Series that read this index

GLBGlobal SystemsThe state of interdependent global risk: the twenty domain indices aggregated to the world, the five core systems (water, energy, food, health, biodiversity) and their couplings, the global tail register and the gap between perceived and measured risk. GS-05Global Finance and economyFiscal and public debt risk, financial stability, external dependence, inflation and growth at risk, and the macro-financial channels of physical and transition risk. SR-01Global PolycrisisHow crises become entangled: common causes, domino effects and feedbacks across climate, economy, health and security. SR-05Fiscal resilienceFiscal space, debt sustainability signals, contingent liabilities from disasters, and pre-arranged finance. TH-03Disaster Risk Finance (DRF)Loss sensitivity, protection gaps, contingent liabilities and the readiness questions for pre-arranged finance, insurance and risk transfer.
10Validity

Crosswalks and validity checks

Crosswalks map leaf indicators to source code lists; established indices are used for validity checks, never re-weighted as inputs.

Code systemLeaf indicators mapped
WB_WDI12
IMF_WEO6
SDG2
11Across the Nexus

Platforms, standards and ways to take part

Field and service platforms of GCRI, GRF and GRA, the Nexus Risk Standards for this domain, learning, working groups and open calls. Every link is a live page.

12Jêgirtin

Jêgirtin û ji nû ve bikaranîn

GCRI Canada (2026). The Global Risks Index (NXS-GRX): Fiscal and public debt risk index (GRX-IDX-FIS), Baseline Edition 2026. Preparatory working draft. https://risksindex.com/indices/fiscal-risk/ UNI NXS-GRX-AR-000122.

See this index in every country profile

Each profile shows this index with its interval and class once released.

Country profiles All indices

Rewş

Rêbaz, avahî û pênaseyên The Global Risks Index pêşnivîseke xebatê ya amadekar in (2026), ji bo nirxandin û şîroveyê tên belavkirin, ne ji bo bicîhanînê. Heta ku çapek ji birrîneke delîlan a birêvebirî neyê weşandin, tu nirx xuya nabe; piştre nirx navber, çîn, çavkanî û rêya xwe ya rastkirinê bi xwe re tînin. Simulator rêbazên weşandî li ser hejmarên ku tu hildibijêrî dixebitînin û qet nirxeke NXS-GRX nîşan nadin.

NXS-GRX çi nîne

NXS-GRX agahiya lêkolîn û analîza xetereyê ye. Ew ne nirxandina krediyê an ESG ye û tu pîvaneke pileyan bi kar nayîne, ne pîvana referansê ya amûrên darayî ye, ne statîstîkên fermî ye, ne hişyariya awarte an dabeşkirina fermî ye, û ne şîret e. Divê ji bo nirxandina kesên xwezayî neyê bikaranîn. Çînên xetereyê bendên li ser pîvaneke weşandî ne, qet ne rêzkirina welatan an mirovan in.

Sazî û çavkanî

The Nexus Consortium is stewarded by three independent not-for-profit institutions: The Global Centre for Risk and Innovation (GCRI), through GCRI US in Washington, DC and GCRI Canada in Ontario, with GCRI Canada as Lead Institution, Consortium Secretariat and lead contracting organisation; The Global Risks Forum (GRF); and The Global Risks Alliance (GRA). Technology, infrastructure and service providers work with the Consortium at arm’s length under written agreements, like every other external party in the public-private-planet model, and hold no role in its stewardship.

Her nirx navê çavkaniyên xwe bi xwe re tîne, ku lîsansên xwe diparêzin. Navên derveyî tenê ji bo hevxebitînê tên gotin. Nivîsên ku Nexus nivîsandine dema weşanê ji bo CC BY 4.0 tên armanckirin.

Avis en français

La méthodologie et les définitions du NXS-GRX sont un projet de travail préparatoire (2026). Le NXS-GRX est une information de recherche et d’analyse des risques : ni notation, ni indice de référence financier, ni statistique officielle, ni alerte, ni conseil. Les classes de risque sont des bandes sur une échelle publiée, non des classements.