Emerging Market Coverage Tracker

Quantifying disparities between financial media coverage and economic fundamentals across 183 countries

183
Countries Tracked
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Total Mentions
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Median MCI
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Overcovered
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Undercovered
Country ▲▼ Region ▲▼ Type ▲▼ Mentions ▲▼ Global % ▲▼ GDP ($B) ▲▼ MCI ▲▼ Coverage Status ▲▼
Coverage Share by Region
Percentage of total global financial media mentions by region
GDP Share by Region
Percentage of total GDP (excluding US/UK) by region
Coverage vs. GDP: Regional Imbalance
Comparing each region's share of coverage against its share of GDP reveals where attention diverges from economic weight
Average MCI by Region
Higher values indicate regions where countries receive disproportionately more coverage relative to GDP
Largest Coverage Increases (2024 to 2025)
Countries with the greatest absolute increase in aggregate mentions
Largest Coverage Decreases (2024 to 2025)
Countries with the greatest absolute decrease in aggregate mentions

Most Overcovered

Countries receiving disproportionately high media attention relative to GDP

    Most Undercovered

    Countries receiving disproportionately low media attention relative to GDP

      Key Boost Markets

      Stable, growing economies with favorable trajectories that merit greater visibility

        Coverage by Market Type

        Average MCI across Developed, Emerging, Frontier, and Conflict market classifications

        Source Contribution by Country (Top 30)
        Breakdown of Financial Times, Wall Street Journal, and Reuters mentions for the most-covered countries

        Market Coverage Intensity (MCI)

        MCI is calculated as the ratio of financial media coverage to GDP. This metric allows us to assess whether a country is receiving disproportionate attention relative to its economic weight. A high MCI suggests a country is overrepresented in global financial coverage. A low MCI suggests a country is underrepresented or overlooked.

        Because the metric spans a broad range, interpreting the exact value is less about the specific number and more about comparing countries relative to each other. Rather than interpreting the metric in absolute terms, it is most useful when comparing countries to one another.

        Coverage data is sourced from the Financial Times, Wall Street Journal, and Reuters (2024-2025). GDP figures are in current US dollars (billions). Countries are classified into five coverage categories based on their MCI relative to regional and market-type benchmarks.

        Undercoverage Drivers

        • Absence of conflict, coups, or regime change
        • Undiversified or commodity-reliant economies
        • Stability reducing media visibility (Peace Premium)
        • Non-Anglophone countries or limited media infrastructure
        • Lack of catalytic events (elections, summits)

        Overcoverage Drivers

        • Outsized geopolitical relevance (e.g., Pacific islands)
        • Active conflict, insurgency, or natural disaster
        • Statistical anomalies from single high-profile events
        • Elections, sanctions, or sudden market interventions
        • Soft power through media institutions or sovereign investments