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Maplecrof, a British firm that specializes in risk assessment, ranks Sweden high on the list of the world's safest places to live.

Maplecroft's Global Risks Index lists Sweden 168th out of 178 countries in terms of secure places.

The No. 1 ranked country -- the most unsafe -- on the list is Somalia, followed by the Democratic Republic of Congo, Sudan, Afghanistan and Pakistan.

According to the report, the BRIC countries of Brazil, Russia, India and China are no better placed to withstand shocks from major risk events than they were four years ago.

“With hopes for a global economic recovery resting with the BRICs, investors and business seeking new high-growth, high-risk markets need to be aware of their limited resilience to global risks.” states Maplecroft CEO Alyson Warhurst.

New Zealand (176), Finland (175), Denmark (173), Norway (171), Canada (169), Sweden (168), Germany (163) and Australia (159) are among the countries exhibiting the lowest risk, suggesting that traditional Western styled democracies are still among the safest investment destinations in terms of their exposure and resilience to major risk events.