International Country Risk Guide (ICRG) Researchers Dataset

The PRS Group's International Country Risk Guide provides twenty-nine years (1984-2013) of annual risk ratings for 140 countries. The International Country Risk Guide (ICRG) rating comprises 22 variables in three subcategories of risk: political, financial, and economic. A separate index is created for each of the subcategories. The Political Risk index is based on 100 points, Financial Risk on 50 points, and Economic Risk on 50 points. The total points from the three indices are divided by two to produce the weights for inclusion in the composite country risk score. The composite scores, ranging from zero to 100, are then broken into categories from Very Low Risk (80 to 100 points) to Very High Risk (zero to 49.9 points).

The Political Risk Rating (Table 3B) includes 12 weighted variables covering both political and social attributes. ICRG advises users on means of adapting both the data and the weights in order to focus the rating on the needs of the particular investing firm. Financial Risk Ratings (Table 4B) Provides annual averages of the components of ICRG Financial Risk Ratings (Table 4B), as published in the International country risk guidesince 1984. Average ratings are provided for all countries covered by the ICRG from 1984 through the last full calendar year.

Keywords: government stability, socioeconomic conditions, investment profile, internal conflict, external conflict, corruption, military in politics, religion in politics, law and order, ethnic tentions, democratic accountability, bureaucracy quality, foreign debt, exchange rate, debt service, financial risk ratings, etc

Data creator
The PRS Group, Inc.
Date of creation
2005 to 2018
East Syracuse, NY: The PRS Group, Inc.
Date of distribution
2014 Sep 9th
Statistics type
Time period
1984 to 2013
PRS Group
Mode of data collection


Unit of observation
Country by component

Library has 2005, 2009, 2012 and 2014 editions, all available at the link below.

Access status
Access conditions and restrictions

University of Toronto students staff and faculty