diff --git a/CHANGELOG.md b/CHANGELOG.md
index 248aaa6ac..a970b89f8 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -11,6 +11,7 @@ and this project adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0
 
 - Improved the icon of the _View Holding_ menu item in the activities table
 - Refreshed the cryptocurrencies list
+- Upgraded `countries-list` from version `3.1.1` to `3.2.0`
 - Upgraded `ng-extract-i18n-merge` from version `3.0.0` to `3.1.0`
 
 ## 2.213.0 - 2025-10-30
diff --git a/package-lock.json b/package-lock.json
index 914a783e0..16caa3bec 100644
--- a/package-lock.json
+++ b/package-lock.json
@@ -62,7 +62,7 @@
         "class-validator": "0.14.2",
         "color": "5.0.0",
         "countries-and-timezones": "3.8.0",
-        "countries-list": "3.1.1",
+        "countries-list": "3.2.0",
         "countup.js": "2.9.0",
         "date-fns": "4.1.0",
         "dotenv": "17.2.3",
@@ -18647,9 +18647,9 @@
       }
     },
     "node_modules/countries-list": {
-      "version": "3.1.1",
-      "resolved": "https://registry.npmjs.org/countries-list/-/countries-list-3.1.1.tgz",
-      "integrity": "sha512-nPklKJ5qtmY5MdBKw1NiBAoyx5Sa7p2yPpljZyQ7gyCN1m+eMFs9I6CT37Mxt8zvR5L3VzD3DJBE4WQzX3WF4A==",
+      "version": "3.2.0",
+      "resolved": "https://registry.npmjs.org/countries-list/-/countries-list-3.2.0.tgz",
+      "integrity": "sha512-HYHAo2fwEsG3TmbsNdVmIQPHizRlqeYMTtLEAl0IANG/3jRYX7p3NR6VapDqKP0n60TmsRy1dyRjVN5JbywDbA==",
       "license": "MIT"
     },
     "node_modules/countup.js": {
diff --git a/package.json b/package.json
index 43970a7f0..2b945f233 100644
--- a/package.json
+++ b/package.json
@@ -108,7 +108,7 @@
     "class-validator": "0.14.2",
     "color": "5.0.0",
     "countries-and-timezones": "3.8.0",
-    "countries-list": "3.1.1",
+    "countries-list": "3.2.0",
     "countup.js": "2.9.0",
     "date-fns": "4.1.0",
     "dotenv": "17.2.3",