Global Risks Report 2026

Table C.2 presents the top five risks for each of the 116 economies surveyed. Over 11,000 respondents were presented with the following question: “Which five risks are the most likely to pose the biggest threat to your country in the next two years?” and were asked to select these from the list of 34 risks listed in Table C.1. “Risk 1” indicates the most frequently selected risk in each economy. Tied risks are presented in alphabetical order, with the tie indicated by numbering. For the purposes of more intuitive visual representation of results in the report, risks that were selected by zero respondents within a country tie last at #34. Further, to analyse the results of country or economy groups (such as the G20 or EU), country-level results are aggregated by taking a simple average of the ranking of the risk (from 1-34) for the countries or economies included in the group. Algeria 01 st Inflation 02 nd Lack of economic opportunity or unemployment 03 rd Disruptions to a systematically important supply chain 04 th Disruptions to critical infrastructure 05 th Asset bubble burst Angola 01 st Lack of economic opportunity or unemployment 02 nd Insufficient public services and social protections (incl. education, infrastructure, pensions) 03 rd Inflation 04 th Decline in health and well-being 05 th Economic downturn (e.g. recession, stagnation) Argentina 01 st Insufficient public services and social protections (incl. education, infrastructure, pensions) 02 nd Lack of economic opportunity or unemployment 03 rd Economic downturn (e.g. recession, stagnation) 04 th Inequality (wealth, income) 05 th Societal polarization Armenia 01 st Insufficient public services and social protections (incl. education, infrastructure, pensions) 02 nd State-based armed conflict (proxy, civil wars, coups, terrorism, etc.) 03 rd Misinformation and disinformation 04 th Lack of economic opportunity or unemployment 05 th Economic downturn (e.g. recession, stagnation) Australia 01 st Economic downturn (e.g. recession, stagnation) 02 nd Disruptions to a systematically important supply chain 03 rd Disruptions to critical infrastructure 04 th Adverse outcomes of frontier technologies (quantum, biotech, geoengineering etc.) 05 th Decline in health and well-being Austria 01 st Economic downturn (e.g. recession, stagnation) 02 nd Extreme weather events (floods, heatwaves etc.) 03 rd Societal polarization 04 th Debt (public, corporate, household) 05 th Misinformation and disinformation Azerbaijan 01 st Cyber insecurity 02 nd Pollution (air, water, soil) 03 rd Misinformation and disinformation 04 th Inflation 05 th Non-weather-related natural disasters (earth- quakes, volcanoes, tsunamis, solar flares, etc.) Bahrain 01 st Economic downturn (e.g. recession, stagnation) 02 nd Lack of economic opportunity or unemployment 03 rd Debt (public, corporate, household) 04 th Inflation 05 th Inequality (wealth, income) Bangladesh 01 st Crime and illicit economic activity 02 nd Geoeconomic confrontation (sanctions, tariffs, investment screening etc.) 03 rd Inflation 04 th Economic downturn (e.g. recession, stagnation) 05 th Debt (public, corporate, household) TABLE C.2 Top five risks identified by the Executive Opinion Survey (EOS) 2025 Risk categories Economic Environmental Geopolitical Societal Technological Global Risks Report 2026 82