Deeper long-term finance
Households, firms and public investment programmes have broader access to well-governed long-term finance through reliable financial institutions and markets.
Why it matters
Dependable long-term finance supports productive investment while preserving financial integrity and broad access.
Signs it has been reached
- Long-term financing reaches more viable investment projects
- Domestic savings fund more productive assets
- Financial access expands under verified prudential standards
Met when
The mean score of these 4 capability groups rises half a band (1.5 points).
- Financial System Depth & Access
- Financial Regulation & Integrity
- Sovereign Capital & External Financial Power
- Financial Infrastructure
Held by two of the three panel models.
Reverse stress test
Working backwards from this outcome to the scenarios and conditions most likely to produce it, nation by nation, over 10 years.
- Nations with a route
- 49
- of 197 · 9 reach the Frontier band
- Typical likelihood
- none
- median nation, over 10 years
- Leads most routes
- Clean power threshold
- 33 of 49 nations
- Typical headroom
- ×4.7
- times Standard Severe, nearest single scenario
What produces it
Each nation’s most likely route, counted three ways: the scenario that does most of the work, the form the route takes, and the capability where a change would move the result most.
Lead scenario
Nations
Form of the route
Nations
Two scenarios together
One scenario at Extreme
40
9
Binding capability
Nations
Energy Technologies
Resource Infrastructure
Biotechnology & Health Technologies
Health System Capability
Technical & Vocational Skills
20
11
10
2
2
Likelihood, by region
One dot per nation. The bar marks each region’s mean. Further right is more likely.
- North America
- Europe
- China
- Indo-Pacific
- South Asia
- Gulf and Middle East
- Africa
- Latin America and Caribbean
- Russia and Eurasia
Most likely: Germany 5.5%, South Korea 4.5%, Japan 4.4%, Netherlands 4.0%, France 4.0%.
Who is in a position to take it?
Each nation’s score on this basket today against the likelihood of the outcome.
- North America
- Europe
- China
- Indo-Pacific
- South Asia
- Gulf and Middle East
- Africa
- Latin America and Caribbean
- Russia and Eurasia
All 197 nations
The route shown is the most likely one, and the basket column shows the band the nation would move to. A full band is the same fall for every nation: for a strong nation it is serious but leaves it well above where a weak nation starts. Where no route was found, the closest approach is the furthest any condition moved the basket, against the 1.5 points needed.
All 197 nations
197 of 197 nations
Rank | Nation | Region | Basket | Likelihood | 3 years | Most likely route | Headroom | Moves first | Lever |
|---|---|---|---|---|---|---|---|---|---|
| 1 | Germany | Europe | 17.0 Advanced → Frontier | 5.5% Likely | 1.7% | Clean power threshold Severe+Automated discovery step Major | ×1.2 S15 | Financial System Depth & Access · reaches Frontier | Resource Infrastructure 13.5 |
| 2 | South Korea | Indo-Pacific | 15.9 Advanced → Advanced | 4.5% Possible | 1.3% | Clean power threshold Severe+Automated discovery step Major | ×1.3 S15 | Financial System Depth & Access | Resource Infrastructure 11.8 |
| 3 | Japan | Indo-Pacific | 17.0 Advanced → Frontier | 4.4% Possible | 1.3% | Clean power threshold Severe+Automated discovery step Major | ×1.3 S15 | Financial System Depth & Access · reaches Frontier | Resource Infrastructure 11.8 |
| 4 | Netherlands | Europe | 16.5 Advanced → Frontier | 4.0% Possible | 1.2% | Clean power threshold Extreme | ×1.5 S15 | Financial System Depth & Access · reaches Frontier | Energy Technologies 12.4 |
| 5 | France | Europe | 16.9 Advanced → Frontier | 4.0% Possible | 1.2% | Clean power threshold Extreme | ×1.4 S15 | Financial System Depth & Access · reaches Frontier | Resource Infrastructure 12.5 |
| 6 | Taiwan | Indo-Pacific | 14.6 Established → Advanced | 3.8% Possible | 1.1% | Clean power threshold Extreme | ×1.4 S15 | Financial System Depth & Access | Resource Infrastructure 10 |
| 7 | Sweden | Europe | 15.9 Advanced → Advanced | 3.8% Possible | 1.1% | Clean power threshold Extreme | ×1.4 S15 | Financial System Depth & Access | Resource Infrastructure 10.8 |
| 9 | Spain | Europe | 14.3 Established → Advanced | 3.6% Possible | 1.1% | Clean power threshold Extreme | ×1.4 S15 | Financial System Depth & Access | Energy Technologies 12 |
| 8 | Finland | Europe | 15.3 Advanced → Advanced | 3.6% Possible | 1.1% | Clean power threshold Extreme | ×1.5 S15 | Financial System Depth & Access | Resource Infrastructure 10 |
| 10 | China | China | 15.4 Advanced → Advanced | 3.3% Possible | 1.0% | Clean power threshold Extreme | ×1.5 S15 | Financial System Depth & Access | Technical & Vocational Skills 13 |
| 11 | Italy | Europe | 14.4 Established → Advanced | 3.1% Possible | 0.9% | Clean power threshold Extreme | ×1.5 S15 | Financial System Depth & Access | Energy Technologies 11.6 |
| 12 | Canada | North America | 16.4 Advanced → Advanced | 3.1% Possible | 0.9% | Chronic disease advance Extreme | ×1.6 S19 | Financial System Depth & Access | Biotechnology & Health Technologies 15.8 |
| 13 | United Kingdom | Europe | 17.4 Advanced → Frontier | 2.3% Possible | 0.7% | Automated discovery step Severe+Chronic disease advance Severe | ×1.6 S19 | Financial System Depth & Access · reaches Frontier | Health System Capability 16.3 |
| 14 | Singapore | Indo-Pacific | 17.8 Advanced → Frontier | 2.1% Possible | 0.6% | Clean power threshold Severe+Automated discovery step Severe | ×1.6 S15 | Financial System Depth & Access · reaches Frontier | Resource Infrastructure 8.8 |
| 15 | United States | North America | 18.4 Frontier → Frontier | 1.6% Possible | 0.5% | Automated discovery step Severe+Chronic disease advance Severe | ×1.5 S19 | Financial System Depth & Access · reaches Frontier | Health System Capability 15.7 |
| 17 | Belgium | Europe | 14.9 Established → Advanced | 1.3% Possible | 0.4% | Clean power threshold Extreme+Automated discovery step Major | ×1.6 S15 | Financial System Depth & Access | Resource Infrastructure 9.3 |
| 16 | Switzerland | Europe | 16.8 Advanced → Frontier | 1.3% Possible | 0.4% | Clean power threshold Extreme+Automated discovery step Major | ×1.7 S15 | Financial System Depth & Access · reaches Frontier | Resource Infrastructure 6.5 |
| 18 | Austria | Europe | 14.3 Established → Advanced | 1.1% Possible | 0.3% | Clean power threshold Extreme+Automated discovery step Major | ×1.7 S15 | Financial System Depth & Access | Energy Technologies 8 |
| 19 | Israel | Gulf and Middle East | 13.7 Established → Advanced | 0.8% Unlikely | 0.2% | Automated discovery step Major+Chronic disease advance Extreme | ×1.9 S19 | Financial System Depth & Access | Fiscal Capacity & Public Finance 14.8 |
| 20 | Poland | Europe | 12.9 Established → Established | 0.8% Unlikely | 0.2% | Clean power threshold Extreme+Automated discovery step Major | ×1.7 S15 | Financial System Depth & Access | Energy Technologies 9.4 |
| 21 | Czechia | Europe | 12.0 Established → Established | 0.8% Unlikely | 0.2% | Clean power threshold Extreme+Automated discovery step Major | ×1.7 S15 | Financial System Depth & Access | Energy Technologies 8 |
| 22 | Australia | Indo-Pacific | 16.4 Advanced → Frontier | 0.8% Unlikely | 0.2% | Public service leap Major+Chronic disease advance Extreme | ×1.8 S19 | Financial System Depth & Access · reaches Frontier | Biotechnology & Health Technologies 15.2 |
| 23 | Denmark | Europe | 15.2 Advanced → Advanced | 0.7% Unlikely | 0.1% | Clean power threshold Major+Chronic disease advance Extreme | ×2.2 S19 | Financial System Depth & Access | Biotechnology & Health Technologies 15 |
| 24 | South Africa | Africa | 13.4 Established → Established | 0.6% Unlikely | 0.1% | Clean power threshold Extreme+Chronic disease advance Major | ×2.0 S15 | Financial System Depth & Access | Energy Technologies 8.8 |
| 25 | India | South Asia | 13.4 Established → Established | 0.6% Unlikely | 0.2% | Clean power threshold Extreme+Water-efficient food leap Severe | ×2.0 S15 | Financial System Depth & Access | Technical & Vocational Skills 9 |
Showing 1–25 of 197 nations · page 1 of 8
Neighbouring outcomes
- Broad fall in strategic infrastructureFailure outcome
- Broad rise in strategic infrastructureProsperity outcome
- Broad fall in financial strengthFailure outcome
- Broad rise in financial strengthProsperity outcome
- Failure of digital lifelinesFailure outcome
- Loss of financial stabilityFailure outcome
A failure outcome is met when the basket falls a full band, which is three points. A prosperity outcome is met when the basket rises half a band, 1.5 points: in this model gains from a scenario are smaller and slower than losses, so the bar is set lower and the difference is stated.