Egypt is world’s 12 riskiest investor market, ranks 73 of 79 on WEF’s IDI

Egypt is the world’s 12th riskiest market on Bloomberg’s Global Risk Briefing for 2016. The Country Risk Score is calculated using indicators for various financial, economic, and political risks measured on a scale of 0-100, with the higher end representing less overall market risk. Egypt’s low score of 11.0 was the result of various factors, including low foreign currency reserves, volatility in the local currency, and high inflation and unemployment rates.

Egypt was also ranked at 73 of 79 on the World Economic Forum (WEF)’s Inclusive Growth and Development Index (IDI) (pdf). “The country struggles with many aspects of inclusive growth,” the report states, arguing that “despite history of entrepreneurship, business and employment creation remain constrained by insufficient finance, poor transport infrastructure, and pervasive corruption,” in addition to poor education outreach.