AUSTRALIA

With a population of 28 million and a forecasted GDP of $1,771bn in 2025,Australia is a large open advanced economy, with high income per capita and a broadly stable external position.

BELGIUM

Belgium, with a 11.7 population and a forecasted €685bn GDP in 2024, is a small open economy, underpinned by its diversification, high income per capita, a still sizeable net positive foreign asset position (45% of GDP in 2020), and the lack of big balance sheet adjustment pressures on the privat

BRAZIL

With a population of 212 million and a forecasted GDP of $2,125bn in 2025, Brazil is a large emerging‑market economy, richly endowed with natural resources and a complex external and fiscal position. 

CANADA

With a population of 39,5 million and a forecasted GDP of $2,225bn in 2025, Canada is a large advanced open economy, supported by high income per capita, diversified trade and services sectors, and a substantial net positive foreign asset position, equivalent to about 10%–15% of GD

CHINA

With a population of 1,415 million and a forecasted GDP of $19,231bn in 2025,China is a vast, export oriented economy, characterised by large scale, diversification, and a positive net international investment position (estimated at +15.7% of GDP in 2023, 14% in 2022), though

CZECH REPUBLIC

With a population of 10 million and a forecasted GDP of $360bn in 2025, the Czech Republic is a small, advanced open economy, with moderate diversification and a gradually improving fiscal and external profile.

FRANCE

With a population of 66 million and a forecasted GDP of $3,211bn in 2025,France is a large advanced open economy, supported by significant diversification, and with high income per capita.

GERMANY

With a population of 84 million and a forecasted GDP of $4,744bn in 2025,the Federal Republic of Germany is the leading economy in the Eurozone both in population terms (a quarter of the Eurozone’s total) and its share of Eurozone GDP (more than one third).

HONG KONG S.A.R.

Hong Kong is a free market economy with a liberal regulatory framework, an efficient payment system and sound macroeconomic fundamentals.

INDIA

With a population of 1,45 billion and a forecasted GDP of $4,187bn in 2025, India is the world’s largest democracy. It is a large, increasingly open economy with rapid growth underpinned by services, manufacturing, and digital expansion.