The Global Risks
Report 2018
13th Edition
Insight Report
World Economic Forum
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The Global Risks Report 2018, 13th Edition, is
published by the World Economic Forum.
The information in this report, or on which
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statements in this report may provide current
expectations of future events based on certain
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does not directly relate to a historical fact
or a current fact. These statements involve
known and unknown risks, uncertainties and
other factors which are not exhaustive. The
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ISBN: 978-1-944835-15-6
REF:09012018
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available at http://wef.ch/risks2018
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Likelihood
Global Risks Landscape
Im
p
ac
t
Top 10 risks in terms of
Likelihood
Categories
Top 10 risks in terms of
Impact
Weapons of mass destruction
Extreme weather events
Natural disasters
Failure of climate-change mitigation and adaptation
Water crises
Cyberattacks
Food crises
Biodiversity loss and ecosystem collapse
Large-scale involuntary migration
Spread of infectious diseases
Extreme weather events
Natural disasters
Cyberattacks
Data fraud or theft
Failure of climate-change mitigation and adaptation
Large-scale involuntary migration
Man-made environmental disasters
Terrorist attacks
Illicit trade
Asset bubbles in a major economy246810246810
5.0
1.05.0
plottedarea
3.40
average
average
3.48
2.53.04.04.5
3.0
3.5
4.0
Asset bubbles in a major
economy
Deflation
Failure of financialmechanism or institution
Failure of criticalinfrastructure
Fiscal crises
Unemployment orunderemployment
Illicit trade
Energy price shock
Unmanageable inflation
Extreme weather events
Failure of climate-change
mitigation and adaptation
Biodiversity loss and
ecosystem collapse
Natural disasters
Man-made environmental
disasters
Failure of nationalgovernance
Failure of regional orglobal governance
Interstate conflict
Terrorist attacks
State collapse or crisis
Weapons of mass destruction
Failure of urban planning
Food crises
Large-scale
involuntary migration
Profound socialinstability
Spread of infectiousdiseases
Water crises
Critical informationinfrastructure breakdown
Cyberattacks
Data fraud or theft
Adverse consequences oftechnological advances
Economic
Geopolitical
Environmental
Societal
Technological
Figure I: The Global Risks Landscape 2018
Source: World Economic Forum Global Risks Perception Survey 2017–2018.
Note: Survey respondents were asked to assess the likelihood of the individual global risk on a scale of 1 to 5, 1 representing a risk that is very unlikely to happen and 5 a risk
that is very likely to occur. They also assess the impact on each global risk on a scale of 1 to 5 (1: minimal impact, 2: minor impact, 3: moderate impact, 4: severe impact and
5: catastrophic impact). See Appendix B for more details. To ensure legibility, the names of the global risks are abbreviated; see Appendix A for the full name and description.
Trend Interconnection Map
Ageing populationAgeing population
Changing landscape of
international governance
Changing landscape of
international governance
Changing climateChanging climate
Degrading environmentDegrading environment
Growing middle class in
emerging economies
Growing middle class in
emerging economies
Increasing national
sentiment
Increasing national
sentiment
societies
Increasing polarization
of societies
Rising chronic diseasesRising chronic diseases
Rising cyber dependencyRising cyber dependency
Rising geographic mobility
Rising income and wealth
disparity
Rising income and wealth
disparity
Shifting powerShifting power
Rising urbanizationRising urbanization
Unmanageable inflation
Data fraud or theftAsset bubbles in a major economy
Deflation
Failure of financialmechanism or institution
Failure of critical
infrastructure
Fiscal crises
Unemployment or
underemployment
Illicit trade
Energy price shock
Extreme weather events
Failure of climate-change
mitigation and adaptation
Biodiversity loss and
ecosystem collapse
Natural disastersMan-made environmental
disasters
Failure of national
governance
Failure of regional or
global governance
Interstate conflict
Terrorist attacks
State collapse or crisis
Weapons of mass destruction
Failure of urban planning
Food crises
Large-scale
involuntary migration
Profound social
instability
Spread of infectiousdiseases
Water crises
Adverse consequences of
technological advancesCritical informationinfrastructure breakdown
Cyberattacks
Rising geographic mobility
Increasing polarization
Economic
Risks
Geopolitical
Risks
Environmental
Risks
Societal
Risks
Technological
Risks
Number and strength
of connections
(“weighted degree”)
RisksTrends
Number and strength
of connections
(“weighted degree”)
Figure II: The Risks-Trends Interconnections Map 2018
Source: World Economic Forum Global Risks Perception Survey 2017–2018.
Note: Survey respondents were asked to select the three trends that are the most important in shaping global development in the next 10 years. For each of the three trends
identifed, respondents were asked to select the risks that are most strongly driven by those trends. See Appendix B for more details. To ensure legibility, the names of the
global risks are abbreviated; see Appendix A for the full name and description.
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