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    Global Soft Power Index: US tops, UK and China follow, SA drops to 43rd

    According to the latest edition of the Global Soft Power Index by Brand Finance, a brand evaluation consultancy, the US and the UK emerge as the most influential soft power nations globally. China is ranked third, surpassing Japan and Germany while South Africa drops to low of 43rd.

    Survey

    Brand Finance publishes the Global Soft Power Index based on a survey of more than 170,000 respondents from over 100 countries to gather data on global perceptions of all 193 member states of the United Nations. Thanks to the scope of the survey, the Index is the world’s most comprehensive study on perceptions of nation brands, providing an in-depth analysis of the evolving status of soft power as nations navigate significant global changes and challenges.

    Soft power is defined as a nation’s ability to influence the preferences and behaviours of various actors in the international arena (states,corporations, communities, publics, etc.) through attraction and persuasion rather than coercion.

    Each nation is scored across 55 different metrics to arrive at an overall score out of 100 and ranked in order from first to 193rd . The report has found that at a time of global uncertainty and instability, economic credentials are increasingly important contributors to a nation’s soft power. Nation brand attributes such as "strong and stable economy"; and "products and brands the world loves"; emerge as key drivers of influence and reputation on the global stage.

    This trend explains the continued dominance of the world’s largest economies like the US and China as well as smaller developed economies like Switzerland and the United Arab Emirates at the top of the ranking. Dominant nation brands are recording faster soft power growth (average +3.1 points in the top 50) than the rest of the ranking (average -1.3 for those ranked 51-193).

    David Haigh, chairman & CEO of Brand Finance commented: “The Global Soft Power Index 2024 underscores the complex interplay between
    global events and economic shifts in shaping soft power. As nations navigate these dynamics, the importance of a strategic approach to nation branding, supported by perceptions research and financial analysis, becomes increasingly evident.”

    Key Findings of the Global Soft Power Index 2024:

    The US leads the rankings with an all-time highest Global Soft Power Index Score of 78.8, an increase from 74.8 in 2023, and earning the top spot for Familiarity and Influence, four out of the eight soft power pillars, and nine out of the 35 nation brand attributes, including ‘leader in science’, ‘influential in arts and entertainment’, ‘internationally admired leaders’, ‘helpful to countries in need’, and ‘supports global efforts to counter climate change’. However, internal security challenges around gun violence and police brutality as well as involvement in international conflicts seem to be undermining some of its nation brand perceptions, as evidenced by continued rank declines on ‘great place to visit’, ‘good relations with other countries’, ‘safe and secure’, and ‘friendly’ where the US has dropped a further nine places to 112th .

    David Haigh, chairman & CEO of Brand Finance commented: “Donald Trump’s confrontational politics – both domestically and internationally –
    caused a serious erosion of the nation’s soft power in his final year in office, reflected in the United States temporarily losing its first rank in the 2021 Index, since recovered under the Biden administration. The upcoming presidential election in November 2024 will be momentous in terms of future direction for the US and how the nation is perceived globally.”

    The UK has overcome a soft power risk from temporary instability in late 2022 resulting from tumultuous government changes and the passing of Queen Elizabeth II. This year, the UK ranks seventh in ‘strong and stable economy’ compared to last year’s 12th and improves on ‘politically stable and well governed’ up to 12th from last year’s 16th . The nation’s Global Soft Power Index Score of 71.8 continues an upward trend from 67.3 in the previous year. Like the US, as the UK is set for a general election this year, it will be interesting to see how the results impact its soft
    power.

    China replaces Germany at the third position in the soft power rankings, improving its overall score by +6.2, from 65.0 to 71.2 – faster than any other nation brand in the Global Soft Power Index this year. This rise is driven by a significant improvement in China’s perceptions across key Business, Trade, Education & Science metrics. Germany fell to fifth position, after earning top ranking in 2021, and third place in both 2022 and 2023. Germany has experienced stagnation and in many cases erosion in perceptions across the board this year, with a substantial drop of 14 positions in good relations with other countries compared to 2023, along with decreases in helpful to countries in need and measures of trustworthiness.

    Nevertheless, Germany achieved the top rank in Governance and, despite some score declines, remains among the leaders in the pursuit of a Sustainable Future.

    Struggle

    India, Brazil, and South Africa struggle to fulfil their soft power potential, as all three nations have relatively high Familiarity and Influence, especially in their home regions, but rank lower for Reputation. India fell to 29th place, the highest ranked Latin American nation brand Brazil stagnated in 31st , and Sub-Saharan Africa ranking leader South Africa dropped to an all-time low in 43rd place.

    Jeremy Sampson, chairman, Brand Finance Africa commented on South Africa’s 2024 Soft Power ranking: “The rankings cover the entire world, illustrating the reminder that South Africa is not an island. The research was carried out at the end of last year, and while South Africa has dropped three places, this is largely the result of nearly fifty countries being added to the rankings. While the metric of familiarity is strong and puts us at
    33rd in the world, business and trade have dropped 11 positions, which is disappointing. There is much work to be done to change the negative international sentiment prevalent in some areas.”

    With the ranking extended to cover all 193 member states of the United Nations, Monaco is the highest-ranked new entrant at 42nd . The world’s lowest-ranked nations are small Pacific Island nations Vanuatu (191st ) Nauru (192nd ) and Kiribati (193rd ) - each limited in influence by population, geography, and economic factors.

    Hard power harms soft power. Russia, Ukraine, and Israel have all ranked lower this year as respondents appear to downgrade countries engaged in military action.

    Russia continues to fall in soft power rankings, down three places to an all-time low of 16th . While Ukraine is down seven places to 44th, the nation continues to be ranked higher than at any time before Russia invaded. Israel has fallen five ranks to an all-time low ranking of 32nd .

    Conflict

    David Haigh, chairman & CEO of Brand Finance commented: “Our research shows that world opinion on individual countries and their actions
    differs widely, as demonstrated by the ongoing conflicts in Ukraine and Palestine. This fractured perception can be traced to a lack of free and fair media and communication, resulting in opinions that are formed based on biased or partial knowledge. The World Economic Forum identifies misinformation and disinformation as the biggest threat to world peace.

    While global hard power expenditure was a record $2.2tn in 2023 and expected to rise in 2024, we estimate that the combined spending by nation brands on communications is less than $1bn. Given the dramatic difference in investment, it is unsurprising that hard power has been dominating soft power.”

    An intentional approach strengthens soft power. The greatest improvements in the ranking over the past five iterations of the Global Soft Power Index have been recorded by the United Arab Emirates (+13.8 points and eight ranks to 10th ), Saudi Arabia (+14.1 and eight ranks to 18th ), Qatar (+16.0 and 10 ranks to 21st ), and Türkiye (+14.3 and five ranks to 25th ). All are characterised by conscious efforts to grow their soft power through nation branding projects, diplomatic initiatives, and by hosting major events. The Gulf nations especially are seeing enhanced Influence and Reputation as well as strengthening International Relations and Business & Trade credentials, with the United Arab Emirates receiving 10/10 marks and top position
    globally on the key ‘strong and stable economy’ attribute this year.

    The United Arab Emirates has successfully staged the high-profile EXPO 2020 and COP28. Qatar’s improvement follows the 2022 football world cup, which Fifa president Gianni Infantino called the best in history. Similarly, Saudi Arabia is seeing stronger perceptions following significant investments in tourism and football which have earned global media attention. Türkiye has during the same time officially changed its name and took on the role of a mediator leveraging soft power to facilitate diplomatic dialogue from Eastern Europe to the Middle East.

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