Population size

Small countries are more exposed to shocks. They often have less diversified economies due to the absence of economies of scale in a relatively small domestic market. They are then less resilient to trade shocks. Additionally, small countries are also more exposed to natural shocks. In the UNCDP’s methodology, country size is measured by population: the smaller the population, the more vulnerable is the economy. Performance scores from 0 to 100. The lowest score reflects the best situation.  

Source: Ferdi calculations from World Population Prospects database.