Denmark held the No. 1 spot for a third straight year, followed by Luxembourg, Singapore, Norway, Switzerland, Germany, Sweden, Ireland, Finland and Belgium.
The United Kingdom placed 15th, recording a macro score of approximately 85.4 and a physical score of roughly 91.6. Its cybersecurity score came in at around 94.8 and its seismic risk exposure at effectively 100.0, reflecting minimal earthquake risk.
Ireland, the UK's nearest neighbour in the table, ranked 11th with a higher macro score of around 95.0 but a lower physical score of roughly 80.4.
Denmark's continued lead was reinforced by higher scores in cybersecurity, climate risk exposure, climate risk quality, fire risk quality and greenhouse gas emissions. The ranking came against the backdrop of tensions with the United States over Greenland, which is not measured as a separate territory in the index.
Iran continued a multi-year slide, falling eight spots to 125, with drops in inflation (down five spots to 127) and internet usage (down 14 spots to 87). Ukraine dropped five places to 84 and Russia rose by one to 59. Venezuela fell five spots to finish last at 130.
Over five years, Ghana climbed 18 places to 70, Rwanda rose 14 to 67 and Nigeria gained 12 to 102. Croatia dropped 22 places to 44, Cameroon fell 18 to 113 and Mongolia slid 17 to 108.
"What businesses don't see can hurt them, especially as climate and operational risks shift faster than expected," said Leo Kushner, business intelligence director at FM. "The 2026 FM Resilience Index delivers the objective insight leaders need to navigate volatility, understand evolving risk and make more resilient strategic decisions."
FM said locations in the top 50 tend to recover more than 30% faster from property losses on average. For data centre operators, FM highlighted Denmark's 20-place rise in cybersecurity and cited Switzerland, Germany, Sweden and Finland as environments offering resilient grids and low physical risk.
The data centre commentary comes amid a surge of investment in the sector. A January 2026 report from UN Trade and Development (UNCTAD) estimated that announced foreign direct investment in data centres exceeded $270 billion in 2025, accounting for more than a fifth of global greenfield project values.
JLL's 2026 Global Data Center Outlook projects that nearly 100 GW of new capacity will be added between 2026 and 2030, doubling global supply, though the real estate firm warned that grid limitations now threaten to curtail growth.
DC Byte's 2026 outlook noted that Nordic markets have delivered capacity more consistently than most, with Norway's qualified supply growing at a 43% five-year compound annual growth rate since 2019 and Finland adding more than 1,400 MW of total IT load across 2023 and 2024.
The index covers 18 drivers using data from the IMF, World Bank and FM's own property loss analysis.
