Czechia moves to 19th spot in Social Risk Index

The Czech Republic placed 19th in the latest Social Risk Index put together by global credit insurer Euler Hermes, which measures political and economic stability across the world.

Czechia moved up by nine places compared to 2020, passing such countries as the UK and the US. The ranking was topped by Denmark, followed by Finland and Sweden.

The Social Risk Index was created in 2020 at the beginning of the Covid-19 pandemic to identify which countries are particularly vulnerable to systemic social risk, including events such as anti-government protests and other incidents that could precede changes in politics and business.

One of the reasons behind the Czech Republic’s improvement in the ranking was its response to the Covid-19 pandemic. The index also highlighted stability on the Czech labour market despite the impact of the pandemic.