CountryData Online (CDO)
Our data is as comprehensive and as timely as any other source of which we are aware, in print or online.
The data we offer clients is original and updated on a regular basis:
- Political, Financial, and Economic risk ratings for ICRG updated monthly;
- Historical economic indicators fully updated three times annually;
- Economic and political forecasts contained in the PRS Country Reports updated at least semi-annually, and more frequently as conditions warrant.
In addition to official sources, the firm’s proprietary modeling allows PRS to provide economic and financial data that is both precise and forward-looking.
Every country’s data is reported in the US dollar for ease of cross-country comparisons. For the economic data contained in each country’s Databank, our primary source is International Financial Statistics (IFS), published by the International Monetary Fund (IMF). Other sources include professional and academic journals and over 15,000 global media sources, which help us track events on a daily basis.
Our analysts, researchers, and editorial staff also rely on publications of individual governments, the World Bank, regional international banks, agencies of the US and other governments, and embassies. We maintain direct personal contact with officials in these organizations.
Our only goal is to publish unbiased forecasts and timely, accurate data.
PRS’ forecasts avoid the inevitable biases found in other sources of risk analysis. Financial institutions tend to be excessively optimistic in their forecasts, especially regarding those countries in which they themselves hold a substantial stake. Governments generally make projections about other countries—either optimistic or pessimistic—depending on the state of diplomatic relations within a given country. They rarely provide forecasts inconsistent with their own objectives. By contrast, insurance companies, who are concerned with loss and risk, are inclined toward chronic pessimism.
Newspapers tend to cover stories that relate to the latest events, following a country closely when it is newsworthy, and otherwise ignoring it. They will also emphasize those countries in which their reporters are located. Internal corporate sources are perhaps the most suspect of all. They are overwhelmingly motivated to shape their views around the interests of top corporate officials. The staffs of foreign divisions of corporations are notorious for their tendency to become apologists for their own country, usually reporting back to headquarters based on information provided by the officials of the host government and others protecting the status quo.
In short, all these other sources provide reports and analyses shaped by their interests and particular points of view. By contrast, our own self-interest is simple: to provide the most accurate, timely, and objective information, analysis, and forecasting possible.