[1][2][3] Development of the platform started in spring 2010 by Austrian mathematician Dorian Credé and his colleague Erwan Salembier.

[1] In February 2012 Salembier left Wikirating,[4] and in November 2012 the US not-for-profit rating provider Public Sector Credit Solutions published its open-source framework on the platform.

The Sovereign Wikirating Index (SWI) contains a transparent formula that takes into account various factors, believed to influence the creditworthiness of nations.

Each criterion is calibrated with respect to the relative minimum and maximum value of all countries.

[9] The founders hope to engage the community to further improve the formula in order to provide optimal ratings.