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Development of Countries

Human Asset Management


Business Strategy

Bloom Consulting

Country
Brand
Ranking
Tourism
Edition

Bloom Consulting Since 2003

2012

Country
Brand
Ranking

Development of Countries
Human Asset Management
Business Strategy

Tourism
Edition

2012

Bloom Consulting Country Brand Ranking


An Introduction

The Bloom Consulting Country Brand Ranking is the only country or nation brand ranking
which classifies countries by the effectiveness of their country brand strategies
and its subsequent impact on the countrys GDP.
In order to do so, Bloom Consulting has taken into account variables that define the economic
performance of the countries as well as variables that characterize the strategies accuracy and
market acceptance.
Bloom Consulting has used hard facts, such as economic indicators and an analysis of the official country brand strategies as well as soft data indicators, thereby measuring the economic
impact of each countrys tourism brand strategy. Furthermore, this marks the first time that
Online Search Demand (OSD) has been incorporated into a ranking of this type.
The 2012 Bloom Consulting Country Brand Ranking Tourism accounts for the most comprehensive, objective research done in the field so far. In accordance with the Bloom Consulting 3T
Approach (see page 3), Bloom Consulting creates separate Rankings for Trade and Tourism.
It includes 161 countries and all economic data comes from recognized sources such as the
World Bank, United Nations, and the World Tourism Organization.

Bloom Consulting Since 2003

countrybranding@bloom-consulting.com / +34 91 308 0286 (CET)

Page 01

Country
Brand
Ranking

Development of Countries
Human Asset Management
Business Strategy

Tourism
Edition

2012

An introductory note from the CEO


Welcome

For the second consecutive year, I am proud to present to you with the Bloom Consulting
Country Brand Ranking!
Over the last nine years, I have had the privilege of working with Bloom Consulting in country
branding strategies all over the world. From my experience, the most striking fact I found so
far is that most countries, regardless of their economic development, geographic location or even
size, have very similar issues when developing their own country brand strategy. These issues
are very much related with internal concerns, such as accountability or stakeholder management,
and also the tangible measurement of brand strategy investments.
Our objective when launching this ranking was precisely to tackle this issue: how much more
revenue can a country brand attract to its own national economy?
Let me just say how excited I am with the new feature in our algorithm - Online Search
Demand (OSD). For the first time in any country or nation brand ranking, we analyze how
well positioned countries are in the biggest search engines and how searched they are
by tourists in general.
To conclude, I encourage you to use this ranking internally and use it as an asset and a tool
to demonstrate the importance your country brand has on your economy. Although we would
have liked to go deeper and give a detailed description on each countrys performance, its
impossible to do so in this overview. However if you are interested to find out more information
on your country, please do not hesitate to contact us. I would be happy to send you all the information you require.
Welcome to the Bloom Consulting Country Brand Ranking 2012. We hope you appreciate the
great results and findings as much as we did!

Jos Filipe Torres - CEO Bloom Consulting


Bloom Consulting Since 2003

countrybranding@bloom-consulting.com / +34 91 308 0286 (CET)

Page 02

Country
Brand
Ranking

Development of Countries
Human Asset Management
Business Strategy

Tourism
Edition

2012

Introduction to Country Branding


The 3T approach

In creating a country brand strategy we focus on three main areas:


attraction of trade, tourism and talent.
The traditional approach when facing the challenge of attracting trade, tourism and talent
is to create, or simply improve, perceptions under one umbrella strategy. Ultimately this
will fail, as we see over and over again around the world. It is impossible to communicate
entertainment to investors and simultaneously communicate a qualified and hardworking
workforce to potential tourists. They messages repel each other, destroying the core
objective. Most of the time agencies attempt a compromise in order to better create
an overall strategy. As a result, they weaken their brand, as each factor is not branded
up to its potential.
In order to solve the problem of having a single multi-dimensional strategy,
Bloom Consulting has developed a 3T approach to country branding
that separates each T.
T1. Attraction of Trade
T2. Attraction of Tourism
T3. Attraction of Talent
Traditional Umbrella Strategy
T1

T2

GDP
Impact

Bloom Consultings 3T Approach

T3

T2

T1

GDP
Impact

T3

This way, were able to calculate growth projections and calculations individually,
in order to better define the objectives of an overall strategy.
Bloom Consulting Since 2003

countrybranding@bloom-consulting.com / +34 91 308 0286 (CET)

Page 03

Country
Brand
Ranking

Development of Countries
Human Asset Management
Business Strategy

Tourism
Edition

2012

Understanding the Methodology


The Ranking Variables

The Bloom Consulting Algorithm, was developed to create and calculate the ranking, taking into
account both hard and soft data and includes groundbreaking processes to show the relationship
between a countrys economic performance and the projections of the countrys brand strategy.
The ranking is derived from four variables that take into account both hard and soft data. The
ranking does not use any survey or interview based data, meaning that it provides the most
objective, accurate results possible.
Bloom Consulting Country Brand Ranking Algorithm variables

CBS
Rating

Bloom Consulting Since 2003

Economic
Growth

Historical
Economic
Performance

Bloom Consulting
Country Brand
Ranking

countrybranding@bloom-consulting.com / +34 91 308 0286 (CET)

Page 04

Country
Brand
Ranking

Development of Countries
Human Asset Management
Business Strategy

Tourism
Edition

2012

Understanding the Methodology


The Ranking Variables in more detail

Historical Economic Performance


Strategies and economic returns do not have an immediate cause and effect relationship, therefore Bloom Consulting looks at the countrys long term (five years)* historical economic
performance in international tourism receipts. This way, the Ranking reflects more consistent
trends rather than the volatile changes that might occur in the recovering economic climate.
Economic Growth
The growth in international tourism receipts of each country is also an important indicator when
measuring the countrys economic performance, therefore Bloom Consulting computes the
compound annual growth rate for the economic tourism performance. This way, it is possible to
garner how much the industry grew or decreased and the impact it had on the revenue. Again,
data spanning five years was used to reflect consistent trends rather than brief volatile changes.
Bloom Consulting Country Brand Strategy (CBS) Rating
Bloom Consulting also rates the impact of each countrys branding strategy. The CBS Rating
takes into account the uniqueness of each countrys current brand strategy (Brand Tags) and the
accuracy of the Online Search Demand. A brand strategy that is more unique and more aligned
with tourist searches will receive a better Rating.

UNWTO covering the years 2006-2010.

Bloom Consulting Since 2003

countrybranding@bloom-consulting.com / +34 91 308 0286 (CET)

Page 05

Country
Brand
Ranking

Development of Countries
Human Asset Management
Business Strategy

Tourism
Edition

2012

Measuring Country Brand Strategy Accuracy


The CBS Rating

CBS Rating is calculated using brand strategy economic performance analysis and analysis of
Online Search Demand. The country brand strategy is measured through brand tags, the key
words that reflect the brand strategy of each country. For the first time in any country or nation
brand ranking, Blooms Online Search Demand (OSD) is able to show if a country supplies what
tourists are seeking, and how well the country is matching this demand.
Brand tags function as the supply side of the tourist-destination equation. Thousands of brand
tags were collected from each countrys official tourism agency and then classified into 38
different clusters that relate to adventure sports and activities, natural features, beaches, local
culture and traditions, or gastronomy. Each cluster is assigned an economic value in order to rate
the relative returns gained from each brand tag.
Domestic and international tourist searches for the brand tags and related words were then
analyzed, country by country, in the most used search engines, to show the countrys accuracy
match and quantify Online Search Demand. By considering the OSD, Bloom Consulting is able
to show if a country offers what tourists are seeking, and how well the country is matching this
demand. This identifies the gap between supply and demand. The more accurate a country is, the
better the CBS Rating .
Just as international rating agencies rank countries credit risk, Bloom Consulting
uses the CBS Rating Classification System

Score

Description

AAA
AA
A
BBB
BB
B
CCC
CC
C
D

Very Strong
Strong
Slightly Strong
Very Good
Good
Slightly Good
Slightly Weak
Weak
Very Weak
Poor

Bloom Consulting Since 2003

countrybranding@bloom-consulting.com / +34 91 308 0286 (CET)

Page 06

Country
Brand
Ranking

Development of Countries
Human Asset Management
Business Strategy

Tourism
Edition

2012

Bloom Consulting Country Brand Ranking


2012 TOURISM EDITION - WORLD Ranking

Rank

CBS Rating

1.

United States of America

2.

Spain

AAA

3.

France

AA

4.

China

5.

Turkey

AAA

6.

Thailand

AAA

7.

Germany

BBB

8.

Macao

AAA

9.

United Kingdom

BBB

10.

Australia

BBB

AA

Due to the historical brand equity and the fact that both have strong country brand strategies China, Hong Kong and Macao have been considered as separate countries in this ranking.
Bloom Consulting Since 2003

countrybranding@bloom-consulting.com / +34 91 308 0286 (CET)

Page 07

Country
Brand
Ranking

Development of Countries
Human Asset Management
Business Strategy

Tourism
Edition

Rank

2012

CBS Rating

11.

Austria

AA

12.

Italy

BB

13.

Hong Kong

14.

Malaysia

15.

Netherlands

BBB

16.

Mexico

AAA

17.

Switzerland

18.

Canada

BBB

19.

Croatia

AAA

20.

Russian Federation

21.

Portugal

22.

Singapore

23.

India

24.

Greece

BBB

25.

Republic of Korea

BBB

26.

Belgium

27.

Morocco

AAA

28.

Japan

29.

United Arab Emirates

30.

Sweden

BB

31.

Egypt

BB

32.

Ireland

33.

South Africa

34.

Poland

35.

Hungary

Bloom Consulting Since 2003

BB
AAA

BBB
BB
AAA

countrybranding@bloom-consulting.com / +34 91 308 0286 (CET)

Page 08

Country
Brand
Ranking

Development of Countries
Human Asset Management
Business Strategy

Tourism
Edition

Rank

2012

CBS Rating

36.

Czech Republic

37.

Indonesia

38.

Saudi Arabia

CCC

39.

Finland

AAA

40.

Argentina

AA

41.

Lebanon

CCC

42.

Denmark

43.

Norway

AA

44.

New Zealand

45.

Philippines

AAA

46.

Slovenia

AAA

47.

Brazil

48.

Slovakia

AAA

49.

Dominican Republic

BBB

50.

Ukraine

51.

Israel

CCC

52.

Peru

53.

Bulgaria

BB

54.

Chile

55.

Malta

AAA

56.

Estonia

AAA

57.

Cyprus

58.

Luxembourg

59.

Romania

60.

Jordan

Bloom Consulting Since 2003

CCC
A
CCC

countrybranding@bloom-consulting.com / +34 91 308 0286 (CET)

Page 09

Country
Brand
Ranking

Development of Countries
Human Asset Management
Business Strategy

Tourism
Edition

Rank

2012

CBS Rating

61.

Kenya

AAA

62.

Lithuania

AAA

63.

Guatemala

64.

United Republic of Tanzania

65.

Ethiopia

66.

Viet Nam

CC

67.

Uruguay

BBB

68.

Mauritius

69.

Colombia

70.

Albania

71.

Iran

72.

Costa Rica

73.

Tunisia

CCC

74.

Panama

CCC

75.

Cambodia

BBB

76.

Sri Lanka

AAA

77.

Serbia

78.

Bahrain

79.

Bahamas

80.

Barbados

BB

81.

Maldives

AAA

82.

Cuba

CC

83.

Ecuador

AA

84.

Jamaica

CCC

85.

Kazakhstan

CCC

Bloom Consulting Since 2003

BB
B
BB

countrybranding@bloom-consulting.com / +34 91 308 0286 (CET)

Page 10

Country
Brand
Ranking

Development of Countries
Human Asset Management
Business Strategy

Tourism
Edition

Rank

2012

CBS Rating

86.

Iceland

AAA

87.

Latvia

BB

88.

Oman

89.

Pakistan

CC

90.

Venezuela

BB

91.

Bosnia and Herzegovina

BB

92.

Uganda

93.

Georgia

94.

Nepal

AAA

95.

Ghana

CCC

96.

El Salvador

97.

Fiji

98.

Botswana

AAA

99.

Belarus

BBB

100.

Namibia

AA

101.

Armenia

AAA

102.

Montenegro

CCC

103.

Nigeria

CCC

104.

Honduras

105.

Trinidad and Tobago

106.

Zimbabwe

107.

Kuwait

108.

Mongolia

AA

109.

Seychelles

110.

Saint Lucia

Bloom Consulting Since 2003

B
BB

BB

CCC

countrybranding@bloom-consulting.com / +34 91 308 0286 (CET)

Page 11

Country
Brand
Ranking

Development of Countries
Human Asset Management
Business Strategy

Tourism
Edition

Rank

2012

CBS Rating

111.

Kyrgyzstan

CCC

112.

Azerbaijan

CC

113.

Senegal

114.

Belize

BBB

115.

Macedonia

BBB

116.

Yemen

117.

Angola

118.

Rwanda

BB

119.

Antigua and Barbuda

120.

Madagascar

CCC

121.

Algeria

CCC

122.

Republic of Moldova

123.

Laos People Democratic Republic

124.

Brunei Darussalam

125.

Saint Kits and Nevis

AA

126.

Zambia

127.

Mozambique

128.

Bolivia

129.

Nicaragua

130.

Grenada

131.

Cape Verde

132.

Sudan

133.

Samoa

134.

Guyana

BBB

135.

Cameroon

Bloom Consulting Since 2003

B
CC

BBB
B
CCC
CC
BBB

CC

countrybranding@bloom-consulting.com / +34 91 308 0286 (CET)

Page 12

Country
Brand
Ranking

Development of Countries
Human Asset Management
Business Strategy

Tourism
Edition

Rank

2012

CBS Rating

136.

Paraguay

137.

Solomon Islands

138.

Dominica

BB

139.

Myanmar

140.

Togo

141.

Suriname

142.

Burkina Faso

CCC

143.

Lesotho

BBB

144.

Bhutan

145.

Gambia

146.

Cte dIvoire

147.

Saint Vincent and the Grenadines

148.

Bangladesh

149.

Timor-Leste

150.

Sierra Leone

151.

Comoros

CCC

152.

Tajikistan

CCC

153.

Swaziland

CC

154.

Federated States of Micronesia

155.

So Tom and Principe

156.

Djibouti

157.

Tonga

158.

Kiribati

159.

Papua New Guinea

160.

Burundi

161.

Marshall Islands

Bloom Consulting Since 2003

D
BBB

CCC
B

CC

CCC
D
BBB
B
CC
D
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Page 13

Country
Brand
Ranking

Development of Countries
Human Asset Management
Business Strategy

Tourism
Edition

2012

Bloom Consulting Country Brand Ranking


Comments

The United States continued its number one reign in the 2012 Bloom Consulting Country Brand
Ranking Tourism. The AA Rating indicates that the US tourism brand is very accurate when
considering tourism demand, and has a strong positive impact on its tourism industry. Although
the US saw a decline in tourism receipts from the previous year, the strong overall performance
and excellent CBS Rating ensured their continued supremacy.

The remaining top countries include other strong economic


performers such as several powerhouse European countries,
the upcoming BRIC countries and Asian economic hubs.
Asia in particular performed extremely well in the 2012
Ranking. Eight Asian countries finished in the top 25,
with China as number four. Aided by both strong tourism
receipts and CBS Ratings , Thailand (6) and Malaysia
(14) significantly improved from last year. For the first
time, Macao was evaluated as an individual country and
finished with a bang at number eight. A notable absence
was Japan. With a BB rating that could not counteract
the residual effects of the tsunami, Japan suffered
a three spot drop to number twenty-eight.

Bloom Consulting Since 2003

countrybranding@bloom-consulting.com / +34 91 308 0286 (CET)

Page 14

Country
Brand
Ranking

Development of Countries
Human Asset Management
Business Strategy

Tourism
Edition

2012

Bloom Consulting Country Brand Ranking


Comments, Continued

Though European countries, especially Germany, the UK and Italy, have slipped in the Ranking
since last year, twelve European countries remained in the top 25. The continued prominence
despite decreased tourism receipts indicates that strong CBS Ratings can help weather the
lingering economic stress in Europe.

Interestingly, Africa had some surprising developments,


especially in light of the recent political developments.
Although none finished in the top 25, the top 50 was filled
with noticeable improvements from last year. Morocco (27)
and United Arab Emirates (29) led the way with a respective 3 and amazing 16 jump up in the ranking powered by
AAA ratings.
Decreased tourism opportunities were visible in several performances. Egypt (31) noticeably
suffered from the downturn in the industry, while Saudi Arabia also dropped. Notably, the study
established several African countries making slow but steady improvements, with Kenya, Tanzania and Ethiopia as countries to watch. This indicates both shifting tourist interests and the
general economic potential for the continent.

Bloom Consulting Since 2003

countrybranding@bloom-consulting.com / +34 91 308 0286 (CET)

Page 15

Country
Brand
Ranking

Development of Countries
Human Asset Management
Business Strategy

Tourism
Edition

2012

Classification, References and Sources


Additional information about the study

Bloom Consulting divided the world into eleven geographic sectors and the four economic
development stages in order to maintain the singularity of the region and compare countries
in a regional context.
Bloom Consulting Geographic Regions
1. Central and Southern Asia
2. Europe
3. Northern Africa
4. Oceania
5. Central and Middle Africa
6. Central America and Caribbean
7. South America
8. Middle East
9. Western and Southern Africa
10. Northern America
11. Eastern and South-Eastern Asia
The four World Bank Income levels
12. Low Income
13. Lower Middle Income
14. Upper Middle Income
15. High Income (Includes both OECD and non-OECD)
Further sources for countries income level classifications and geographic regions:
The World Bank http://www.worldbank.org/
The World Tourism Organization http://www2.unwto.org/en
The United Nations http://www.un.org/en/

Bloom Consulting Since 2003

countrybranding@bloom-consulting.com / +34 91 308 0286 (CET)

Page 16

Country
Brand
Ranking

Development of Countries
Human Asset Management
Business Strategy

Tourism
Edition

2012

Bloom Consulting Country Brand Ranking


FAQs

1) Who is this Ranking meant for?


Bloom Consulting Country Brand Ranking is for anyone interested in place branding
from every perspective, whether youre in government, academia, industry, finance,
or just find it interesting.
2) Why did Bloom Consulting create a Ranking?
Bloom Consulting created the Ranking to evaluate the impact of a countrys brand strategy in
economic terms and, above all, to answer the ever relevant question of how countries can
become more attractive.
3) How does Bloom Consultings Ranking differ from other rankings?
Bloom Consultings Ranking uses variables and methodology to generate a ranking far ahead
of the field in terms of objectivity and innovation. Not only does Bloom Consulting base its
research on objective hard and soft facts, rather than using survey based data like other rankings,
it is also the first ranking to take tourist demand into account.
4) What is new in the 2012 edition of the Ranking?
The 2012 edition of the Ranking features the inclusion of Tourist Online Search Demand (OSD)
in the Bloom Algorithm. By analysing consumer behaviour and the effectiveness of country
brand strategies, the newest Ranking raises the bar by giving a pioneering view of the global
tourism industry from a supply and demand angle.
5) How can a state have a poor CBS Rating , but do well in the Ranking?
If a country has a negative CBS Rating , its brand strategy is not actively reflecting what the
country has to offer (in the eyes of tourist-demand). Even though its economic performance
might still be strong, the tourism strategy is not taking advantage of the countrys unique selling
propositions.

Bloom Consulting Since 2003

countrybranding@bloom-consulting.com / +34 91 308 0286 (CET)

Page 17

Country
Brand
Ranking

Development of Countries
Human Asset Management
Business Strategy

Tourism
Edition

2012

Bloom Consulting
About

Bloom Consulting is a strategy consulting firm specialized in country branding.


Jos Filipe Torres founded Bloom Consulting in 2003 and is a regular spokesperson at conferences and universities worldwide. Both The Economist and Forbes have interviewed Mr Torres,
where he was identified as one of the top 3 country branding experts in the world.
Currently Bloom Consulting has offices in So Paulo, Mumbai, Lisbon, Madrid (headquarters)
and Los Angeles, as well as research centres in Tokyo and London. Bloom Consulting works
closely with presidents, monarchs, ministers and institutions in order to define their strategy,
establish their vision, and implement it. Blooms clients include the Bulgarian, Latvian, Polish,
Portuguese and Spanish governments, and also regions such as Madrid, Castilla y Leon in Spain,
and center and the southwest regions of Portugal.
Bloom Consulting has developed the 3T approach that separates Trade, Tourism, and Talent
strategies into three different Country Branding Strategies.
One fundamental point of all of Bloom Consultings projects is the CAMPRO methodology .
This methodology is a combination of academic and professional knowledge under Bloom
Consultings management and control, key to obtaining the most accurate recommendations
and insights for all clients.
Moreover Bloom Consulting has published the:
Bloom Consulting US State Brand Ranking 2012
and is currently developing the:
Bloom Consulting India State Brand Ranking 2013
Additional Information
While this report provides a general overview, the information presented here is but
a glimpse of the findings we have at your disposal. Please do not hesitate to contact us if you
would like a personalized and detailed version of the Bloom Consulting Country Branding
Ranking Report for your country, region or city.
For more information, please visit:
www.bloom-consulting.com/en/country-brands-ranking
Bloom Consulting Since 2003

countrybranding@bloom-consulting.com / +34 91 308 0286 (CET)

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