Trend · rank 108 of 250

Sovereign wealth & state capital

Sovereign funds and state-owned enterprises are becoming larger investors and owners abroad, which gives recipient nations new sources of finance and raises questions about foreign control of strategic assets.

Trade & InvestmentTrade, industry & supply chainsgeoeconomicsdebt financetrade

Second pass: Carried forward from the first pass unchanged. Held by all three panel models.

Sensitivity and network position

Rank
108of 250
Sensitivity
7.5rank 171
Breadth
0of 20 scenarios High or above
PageRank
39.5rank 96
Eigenvector
3.7
Betweenness
21.6
Links
15trends at Moderate similarity or above
Composite
22.3

Attention over three years

How much this trend is read about on Wikipedia and searched for on Google, week by week, set against the typical trend in the list so that what moves every trend at once is taken out. 100 is this trend's own three-year average. The score measures public attention, which is not the same as the strength of the force: a trend can deepen unnoticed, and a news event can lift attention for a fortnight.

Now
119
Over a year
+14%Rising
Over three years
+29%
Peak
8842 Feb 2025
Sources
Bothagreement 0.57
Coverage
19languages · 57 nations

Trailing 4-week average. 100 is this trend’s three-year average.

By language

Wikipedia reading in each language edition where the trend’s pages are read enough to measure (19 of 28). Share is of all the readers counted.

LanguageShareNowOver a yearThree years
English62%127+6%
Chinese7%141+33%
Spanish6%115+10%
Indonesian3%106−17%
Japanese3%95−41%
Russian3%112−2%
French3%118−7%
Turkish2%110−20%
Italian2%146−3%
Portuguese2%121+21%
Polish1%113+5%
Arabic1%125−1%
German1%115−7%
Persian1%106+7%
Vietnamese1%92−6%
Ukrainian1%146+12%
Hebrew1%121−22%
Dutch0%167+32%
Korean0%128+33%

By country

Google search interest over the three years, as a share of each country’s searching. 100 is the nation where interest is highest. The search terms are English, which favours countries that search in English.

Singapore

Ethiopia

United Arab Emirates

China

Canada

United States

Qatar

United Kingdom

Kenya

Norway

Nigeria

Australia

100

53

50

47

42

38

35

35

31

30

28

26

The 12 highest of 57 nations with a reading.

By region and G20 member

Attention to this trend inside each place, from Google searches made in its countries and Wikipedia reading in the languages mostly read there, averaged where both exist. Each line compares the trend with its own past in that place; the lines do not compare places.

Regions

PlaceRead fromNow90 days1 year3 yearsThree years
North AmericaGoogle in 2 countries + Wikipedia in English116−19%+14%+80%
EuropeGoogle in 5 countries + Wikipedia in German, French, Italian, Polish, Dutch165+57%+44%+101%
ChinaGoogle in 1 country92−29%−21%−22%
Indo-PacificGoogle in 6 countries + Wikipedia in Japanese, Chinese, Korean, Vietnamese, Indonesian108+6%−2%+15%
South AsiaGoogle in 1 country139−29%+61%+146%
Gulf and Middle EastWikipedia in Persian, Arabic, Turkish, Hebrew115+7%−10%+54%
Latin America and CaribbeanGoogle in 4 countries + Wikipedia in Spanish, Portuguese114+20%+5%+14%
Russia and EurasiaGoogle in 2 countries + Wikipedia in Russian, Ukrainian98+21%−13%+1%

G20 members

PlaceRead fromNow90 days1 year3 yearsThree years
AustraliaGoogle146+1%+76%+480%
BrazilGoogle + Wikipedia in Portuguese117+22%+17%+15%
CanadaGoogle148−67%+129%+374%
ChinaGoogle92−29%−21%−22%
FranceGoogle + Wikipedia in French265+132%+197%+398%
GermanyGoogle + Wikipedia in German127+25%+6%+59%
IndiaGoogle139−29%+61%+146%
IndonesiaGoogle + Wikipedia in Indonesian92−7%−25%−8%
ItalyGoogle + Wikipedia in Italian158+78%+14%+82%
JapanGoogle + Wikipedia in Japanese106−8%−9%+21%
South KoreaGoogle + Wikipedia in Korean147+3%+78%+165%
MexicoGoogle117+52%−2%+13%
RussiaWikipedia in Russian112+5%−2%+11%
TürkiyeWikipedia in Turkish110+10%−20%+41%
United KingdomGoogle126+34%+19%+51%
United StatesGoogle + Wikipedia in English108+11%+3%+58%

Relation to each scenario

A trend relates to a scenario when it changes how likely the scenario is, how hard it lands, or is itself sharply changed by it. Each score is the median of three scores given separately by the members of the model panel.

RelationScenarioFamily
2 · LowA creditor agreement releases fiscal capacity S11 ↗Economic and trade
2 · LowA cross-regional market access compact redirects investment S12 ↗Economic and trade
2 · LowA verified Middle East settlement restores access S14 ↗Geopolitical and security
2 · LowCheap firm clean power becomes available at scale S15 ↗Energy, climate and resources
1 · Very lowA global funding seizure reaches sovereign balance sheets S02Economic and trade
0 · Not relatedCritical trade divides into rival blocs S01Economic and trade
0 · Not relatedA regional war closes a globally important sea route S03Geopolitical and security
0 · Not relatedHybrid coercion ends in an infrastructure blackout S04Geopolitical and security
0 · Not relatedA disputed transfer of power breaks effective government S05Geopolitical and security
0 · Not relatedTwo breadbasket failures trigger a food availability crisis S06Energy, climate and resources
0 · Not relatedA major disaster disables the national economic core S07Energy, climate and resources
0 · Not relatedAn AI deployment step causes abrupt labour displacement S08Technology and infrastructure
0 · Not relatedA cryptographic breakthrough invalidates digital trust S09Technology and infrastructure
0 · Not relatedA novel respiratory pathogen exceeds health surge capacity S10Health
0 · Not relatedA great-power agreement lowers economic security barriers S13 ↗Geopolitical and security
0 · Not relatedA validated farming package raises water-efficient output S16 ↗Energy, climate and resources
0 · Not relatedAI-directed research produces a reproducible discovery step S17 ↗Technology and infrastructure
0 · Not relatedA public service platform reaches inclusive operation S18 ↗Technology and infrastructure
0 · Not relatedAffordable preventive treatments reduce chronic illness S19 ↗Health
0 · Not relatedA live outbreak proves rapid distributed pandemic defence S20 ↗Health

Similarity = 0.3 × shared tags (Jaccard) + 0.3 × likeness of scenario profiles (cosine) + 0.3 × likeness of names and descriptions (TF-IDF cosine) + 0.1 if in the same capability domain, cut into seven levels at 0.12, 0.22, 0.33, 0.45, 0.58, 0.72. Shown at Moderate and above.

SimilarityTrendThemeRank
5 · Very highForeign investment slowdown & selectivityTrade, industry & supply chains23
3 · ModerateTrade & investment fragmentationTrade, industry & supply chains37
3 · ModerateTrade corridor competitionTrade, industry & supply chains38
3 · ModerateEconomic security policyTrade, industry & supply chains47
3 · ModerateCommodity dependence & price volatilityTrade, industry & supply chains54
3 · ModerateDomestic capital market deepeningMoney & debt55
3 · ModerateDevelopment finance as influenceDiplomacy & influence63
3 · ModerateShifting economic weightTrade, industry & supply chains78
3 · ModerateSovereign creditor fragmentationMoney & debt88
3 · ModerateRegional trade agreement deepeningTrade, industry & supply chains105
3 · ModerateSanctions circumvention networksTrade, industry & supply chains140
3 · ModerateAfrica's demographic & economic riseTrade, industry & supply chains172
3 · ModerateCarbon border adjustmentsTrade, industry & supply chains186
3 · ModerateHydrocarbon revenue dependenceMoney & debt196
3 · ModerateTrade finance & correspondent banking gapsMoney & debt200