Geoeconomic Index · quarterly · public
GeoeconomicIndex.
Retrospective 2019Published on 19 October 2026Data through 31 December 2019Scale 0–100 · higher means more riskBack to the index
How much geoeconomic risk each economy carries: exposure to route closures, sanctions, dependence on a few commodities, institutional fragility and stress in its sovereign markets. Transparent, reproducible and falsifiable.
Three findings of the edition
- South Sudan leads the edition with 68.7 points; Sanctions accounts for 39% of its score.
- 192 countries reach minimum coverage; Asia is the region with the highest average risk (38.3 points).
- Malacca is the main chokepoint for 69 countries; 20 of them have more than 10% of GDP exposed to its closure.
Geoeconomic risk, country by country
Source: Intelrift, IGEData through 31 December 2019
Hover to see the score. Click to open the country page.
Ranking
Every country, sortable
| Sub-indices | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| 1 | South Sudan | 68.7 | — | — | 59 | — | 82 | 72 | |
| 2 | Iraq | 62.5 | — | 62 | 75 | 79 | 71 | 12 | |
| 3 | Venezuela | 61.6 | — | 21 | 74 | 65 | 98 | 69 | |
| 4 | Libya | 59.2 | — | 37 | 64 | 79 | 100 | 20 | |
| 5 | Afghanistan | 58.3 | — | 65 | 78 | 30 | 86 | 25 | |
| 6 | Iran | 58.0 | — | 29 | 100 | 55 | 54 | 44 | |
| 7 | Yemen | 55.1 | — | 46 | 47 | 56 | 82 | 55 | |
| 8 | Belarus | 54.5 | — | 54 | 87 | 27 | 46 | 46 | |
| 9 | Syria | 52.8 | — | 48 | 78 | 23 | 87 | 25 | |
| 10 | Sudan | 52.5 | — | 37 | 50 | 43 | 72 | 77 | |
| 11 | Lebanon | 50.4 | — | 53 | 65 | 26 | 53 | 53 | |
| 12 | Eritrea | 50.2 | — | 61 | 11 | 71 | 75 | 45 | |
| 13 | Myanmar (Burma) | 49.6 | — | 43 | 74 | 30 | 57 | 40 | |
| 14 | Central African Republic | 49.4 | — | 50 | 46 | 46 | 83 | 25 | |
| 15 | Ukraine | 48.9 | — | 61 | 55 | 27 | 46 | 51 | |
| 16 | Russia | 48.2 | — | 19 | 90 | 49 | 49 | 25 | |
| 17 | Mali | 48.0 | — | 57 | 36 | 44 | 78 | 30 | |
| 18 | Somalia | 47.9 | — | 36 | 48 | 37 | 95 | 36 | |
| 19 | Nicaragua | 47.8 | — | 39 | 52 | 35 | 72 | 48 | |
| 20 | Equatorial Guinea | 47.7 | — | 29 | 7 | 100 | 84 | 40 | |
| 21 | Cuba | 47.3 | — | 39 | 72 | 28 | 45 | — | |
| 22 | Congo - Kinshasa | 46.6 | — | 20 | 54 | 51 | 84 | 36 | |
| 23 | Pakistan | 45.7 | — | 41 | 48 | 31 | 49 | 66 | |
| 24 | Moldova | 45.4 | — | 68 | 38 | 25 | 52 | 39 | |
| 25 | Chad | 44.5 | — | 41 | 9 | 87 | 73 | 25 | |
| 26 | Angola | 44.4 | — | 37 | 11 | 80 | 53 | 57 | |
| 27 | Tunisia | 43.9 | — | 47 | 39 | 36 | 42 | 59 | |
| 28 | Zimbabwe | 43.8 | — | 53 | 20 | 29 | 60 | 72 | |
| 29 | Kazakhstan | 42.6 | — | 33 | 28 | 59 | 49 | 55 | |
| 30 | Kuwait | 41.6 | — | 43 | 22 | 81 | 39 | 21 | |
| 31 | Turkmenistan | 41.5 | — | 37 | 8 | 71 | 65 | — | |
| 32 | Palestinian Territories | 41.4 | — | — | 20 | 33 | 53 | 77 | |
| 33 | Türkiye | 41.0 | — | 32 | 57 | 18 | 39 | 62 | |
| 34 | Haiti | 40.6 | — | 33 | 40 | 32 | 64 | 44 | |
| 35 | Burkina Faso | 40.4 | — | 57 | 8 | 43 | 59 | 45 | |
| 36 | Guinea-Bissau | 40.4 | — | 31 | 35 | 45 | 67 | 33 | |
| 37 | Bahrain | 40.1 | — | 60 | 19 | 32 | 43 | 51 | |
| 38 | Burundi | 40.0 | — | 61 | 10 | 41 | 57 | 37 | |
| 39 | Georgia | 40.0 | — | 65 | 28 | 17 | 33 | 54 | |
| 40 | Jordan | 40.0 | — | 59 | 30 | 32 | 36 | 40 | |
| 41 | Zambia | 39.9 | — | 46 | 7 | 40 | 57 | 68 | |
| 42 | Ethiopia | 38.9 | — | 48 | 10 | 39 | 56 | 54 | |
| 43 | Mongolia | 38.8 | — | 49 | 7 | 46 | 46 | 59 | |
| 44 | Tajikistan | 38.7 | — | 51 | 16 | 34 | 56 | 46 | |
| 45 | United Arab Emirates | 38.2 | — | 44 | 50 | 44 | 19 | 20 | |
| 46 | Guinea | 38.2 | — | 33 | 28 | 35 | 77 | 30 | |
| 47 | Djibouti | 38.1 | — | 68 | 8 | 8 | 73 | 43 | |
| 48 | North Macedonia | 38.1 | — | 61 | 22 | 27 | 45 | 35 | |
| 49 | Mauritania | 37.9 | — | 50 | 12 | 42 | 50 | 44 | |
| 50 | El Salvador | 37.9 | — | 39 | 12 | 34 | 76 | 47 | |
| 51 | Jamaica | 37.8 | — | 49 | 12 | 30 | 57 | 54 | |
| 52 | Kyrgyzstan | 37.5 | — | 49 | 26 | 30 | 48 | 37 | |
| 53 | Maldives | 37.5 | — | 42 | 20 | 49 | 46 | 36 | |
| 54 | Azerbaijan | 37.4 | — | 39 | 17 | 64 | 46 | 24 | |
| 55 | Liberia | 37.4 | — | 38 | 16 | 39 | 57 | 52 | |
| 56 | Nigeria | 37.3 | — | 21 | 15 | 61 | 67 | 40 | |
| 57 | Mexico | 37.1 | — | 19 | 42 | 33 | 64 | 38 | |
| 58 | Panama | 37.1 | — | 33 | 31 | 32 | 48 | 50 | |
| 59 | Malaysia | 37.0 | — | 47 | 42 | 28 | 25 | 37 | |
| 60 | Armenia | 36.8 | — | 54 | 28 | 21 | 37 | 44 | |
| 61 | Honduras | 36.8 | — | 42 | 21 | 33 | 68 | 30 | |
| 62 | Saudi Arabia | 36.6 | — | 29 | 31 | 68 | 36 | 18 | |
| 63 | Oman | 36.3 | — | 26 | 26 | 67 | 33 | 34 | |
| 64 | Bulgaria | 36.1 | — | 56 | 33 | 16 | 37 | 34 | |
| 65 | Qatar | 36.0 | — | 38 | 19 | 72 | 22 | 28 | |
| 66 | Singapore | 36.0 | — | 62 | 45 | 31 | 1 | 21 | |
| 67 | Guyana | 35.9 | — | 44 | 10 | 41 | 57 | 38 | |
| 68 | India | 35.9 | — | 37 | 43 | 28 | 32 | 37 | |
| 69 | Guatemala | 35.7 | — | 34 | 28 | 29 | 67 | 30 | |
| 70 | Congo - Brazzaville | 35.6 | — | 25 | 8 | 70 | 55 | 34 | |
| 71 | Morocco | 35.5 | — | 44 | 19 | 34 | 50 | 35 | |
| 72 | China | 35.2 | — | 21 | 58 | 33 | 34 | 26 | |
| 73 | Uzbekistan | 35.1 | — | 34 | 26 | 34 | 58 | 30 | |
| 74 | Lesotho | 35.0 | — | 49 | 0 | 46 | 59 | 31 | |
| 75 | Gabon | 34.9 | — | 30 | 0 | 59 | 71 | 34 | |
| 76 | Sri Lanka | 34.8 | — | 41 | 13 | 30 | 38 | 65 | |
| 77 | Bosnia & Herzegovina | 34.6 | — | 33 | 33 | 27 | 53 | 32 | |
| 78 | Algeria | 34.6 | — | 22 | 18 | 76 | 42 | 19 | |
| 79 | Colombia | 34.2 | — | 16 | 27 | 43 | 55 | 45 | |
| 80 | Seychelles | 34.2 | — | 58 | 15 | 36 | 29 | 29 | |
| 81 | Paraguay | 33.9 | — | 36 | 16 | 37 | 56 | 33 | |
| 82 | Dominican Republic | 33.8 | — | 40 | 17 | 27 | 55 | 38 | |
| 83 | Laos | 33.8 | — | 37 | 14 | 26 | 57 | 49 | |
| 84 | Malawi | 33.6 | — | 41 | 0 | 47 | 53 | 40 | |
| 85 | Argentina | 33.4 | — | 14 | 24 | 31 | 44 | 75 | |
| 86 | Gambia | 33.3 | — | 29 | 22 | 28 | 66 | 33 | |
| 87 | South Africa | 33.0 | — | 19 | 36 | 19 | 51 | 52 | |
| 88 | Bolivia | 32.9 | — | 41 | 11 | 38 | 52 | 30 | |
| 89 | Brazil | 32.9 | — | 16 | 24 | 29 | 65 | 49 | |
| 90 | Uganda | 32.9 | — | 44 | 21 | 21 | 48 | 35 | |
| 91 | Niger | 32.8 | — | 36 | 17 | 31 | 53 | 35 | |
| 92 | Vietnam | 32.8 | — | 34 | 22 | 36 | 44 | 35 | |
| 93 | Belize | 32.6 | — | 21 | 15 | 43 | 66 | 34 | |
| 94 | Cambodia | 32.6 | — | 30 | 20 | 45 | 50 | 23 | |
| 95 | Slovakia | 32.6 | — | 42 | 18 | 39 | 29 | 37 | |
| 96 | São Tomé & Príncipe | 32.6 | — | 32 | 0 | 58 | 44 | 44 | |
| 97 | Malta | 32.1 | — | 51 | 28 | 35 | 19 | 17 | |
| 98 | Kenya | 32.0 | — | 28 | 24 | 27 | 42 | 48 | |
| 99 | Comoros | 32.0 | — | 23 | 7 | 44 | 80 | 24 | |
| 100 | Romania | 32.0 | — | 37 | 17 | 35 | 35 | 41 | |
| 101 | Cyprus | 31.9 | — | 41 | 40 | 20 | 21 | 30 | |
| 102 | Kosovo | 31.9 | — | — | 22 | — | 48 | 32 | |
| 103 | Philippines | 31.8 | — | 28 | 27 | 37 | 45 | 27 | |
| 104 | Israel | 31.7 | — | 29 | 34 | 46 | 21 | 25 | |
| 105 | Mozambique | 31.5 | — | 29 | 9 | 36 | 49 | 50 | |
| 106 | Bangladesh | 31.4 | — | 29 | 13 | 42 | 45 | 39 | |
| 107 | Belgium | 31.4 | — | 41 | 34 | 28 | 13 | 34 | |
| 108 | Ecuador | 31.4 | — | 24 | 18 | 40 | 39 | 49 | |
| 109 | Greece | 31.3 | — | 44 | 28 | 16 | 31 | 35 | |
| 110 | Brunei | 31.0 | — | 41 | 0 | 76 | 18 | 19 | |
| 111 | Egypt | 30.9 | — | 24 | 28 | 21 | 44 | 47 | |
| 112 | Hungary | 30.8 | — | 37 | 14 | 36 | 29 | 44 | |
| 113 | Montenegro | 30.8 | — | 29 | 17 | 24 | 39 | 58 | |
| 114 | Serbia | 30.5 | — | 34 | 37 | 5 | 42 | 37 | |
| 115 | Rwanda | 30.4 | — | 43 | 18 | 24 | 33 | 38 | |
| 116 | Suriname | 30.3 | — | 21 | 8 | 40 | 45 | 56 | |
| 117 | Thailand | 30.2 | — | 31 | 33 | 29 | 36 | 20 | |
| 118 | Italy | 30.1 | — | 29 | 29 | 30 | 29 | 35 | |
| 119 | Senegal | 29.9 | — | 46 | 12 | 22 | 29 | 46 | |
| 120 | South Korea | 29.8 | — | 39 | 21 | 38 | 15 | 34 | |
| 121 | Sierra Leone | 29.8 | — | 22 | 10 | 37 | 48 | 48 | |
| 122 | Madagascar | 29.4 | — | 38 | 4 | 26 | 60 | 31 | |
| 123 | Netherlands | 29.3 | — | 44 | 37 | 23 | 3 | 28 | |
| 124 | Cameroon | 29.2 | — | 29 | 6 | 30 | 64 | 31 | |
| 125 | Papua New Guinea | 29.2 | — | 30 | 0 | 39 | 56 | 38 | |
| 126 | United Kingdom | 29.1 | — | 14 | 48 | 33 | 8 | 38 | |
| 127 | Eswatini | 29.1 | — | 37 | 0 | 35 | 59 | 28 | |
| 128 | Costa Rica | 29.0 | — | 29 | 19 | 31 | 34 | 39 | |
| 129 | Botswana | 28.9 | — | 39 | 0 | 55 | 33 | 21 | |
| 130 | Indonesia | 28.8 | — | 16 | 34 | 24 | 38 | 38 | |
| 131 | France | 28.7 | — | 19 | 39 | 34 | 13 | 36 | |
| 132 | Tanzania | 28.7 | — | 26 | 12 | 30 | 55 | 34 | |
| 133 | Namibia | 28.6 | — | 36 | 12 | 17 | 40 | 49 | |
| 134 | Ireland | 28.4 | — | 26 | 24 | 41 | 8 | 44 | |
| 135 | Trinidad & Tobago | 28.4 | — | 28 | 9 | 35 | 59 | 23 | |
| 136 | Spain | 28.3 | — | 27 | 34 | 21 | 20 | 37 | |
| 137 | Timor-Leste | 28.2 | — | 25 | 0 | 66 | 47 | 12 | |
| 138 | Chile | 28.0 | — | 29 | 15 | 31 | 23 | 49 | |
| 139 | Nepal | 28.0 | — | 46 | 0 | 25 | 47 | 29 | |
| 140 | Cape Verde | 27.9 | — | 34 | 4 | 46 | 26 | 35 | |
| 141 | Germany | 27.9 | — | 24 | 45 | 31 | 3 | 26 | |
| 142 | Mauritius | 27.8 | — | 40 | 6 | 33 | 22 | 43 | |
| 143 | Solomon Islands | 27.8 | — | 27 | 0 | 52 | 54 | 17 | |
| 144 | Benin | 27.7 | — | 33 | 10 | 34 | 40 | 28 | |
| 145 | Bahamas | 27.2 | — | 32 | 9 | 28 | 41 | 36 | |
| 146 | Côte d’Ivoire | 27.0 | — | 24 | 9 | 32 | 49 | 34 | |
| 147 | Albania | 26.7 | — | 27 | 19 | 14 | 46 | 37 | |
| 148 | Poland | 26.6 | — | 25 | 18 | 32 | 24 | 40 | |
| 149 | Bhutan | 26.5 | — | 53 | 0 | 32 | 17 | 30 | |
| 150 | Ghana | 26.3 | — | 17 | 7 | 32 | 34 | 59 | |
| 151 | Latvia | 26.2 | — | 32 | 22 | 21 | 23 | 32 | |
| 152 | Palau | 26.2 | — | 26 | 9 | 41 | 31 | 30 | |
| 153 | Togo | 26.2 | — | 27 | 4 | 28 | 61 | 25 | |
| 154 | Lithuania | 25.8 | — | 43 | 14 | 21 | 20 | 30 | |
| 155 | United States | 25.7 | — | 4 | 44 | 24 | 20 | 38 | |
| 156 | Slovenia | 25.5 | — | 42 | 10 | 33 | 16 | 24 | |
| 157 | Dominica | 25.3 | — | 13 | 11 | 30 | 44 | 45 | |
| 158 | Canada | 25.2 | — | 7 | 41 | 26 | 3 | 50 | |
| 159 | Japan | 25.2 | — | 29 | 27 | 37 | 4 | 21 | |
| 160 | Czechia | 25.1 | — | 29 | 15 | 38 | 17 | 26 | |
| 161 | Fiji | 24.9 | — | 34 | 3 | 29 | 27 | 39 | |
| 162 | Austria | 24.6 | — | 24 | 28 | 32 | 5 | 29 | |
| 163 | Croatia | 24.4 | — | 31 | 10 | 26 | 30 | 29 | |
| 164 | Peru | 24.4 | — | 22 | 19 | 27 | 37 | 22 | |
| 165 | St Lucia | 24.1 | — | 16 | 3 | 44 | 46 | 27 | |
| 166 | Barbados | 24.0 | — | 22 | 6 | 23 | 31 | 51 | |
| 167 | Sweden | 23.9 | — | 17 | 32 | 26 | 2 | 42 | |
| 168 | Estonia | 23.7 | — | 24 | 29 | 24 | 11 | 28 | |
| 169 | Portugal | 23.7 | — | 28 | 12 | 31 | 16 | 34 | |
| 170 | Micronesia | 23.2 | — | 29 | 0 | 49 | 27 | 13 | |
| 171 | Uruguay | 23.1 | — | 26 | 6 | 30 | 23 | 40 | |
| 172 | Switzerland | 22.6 | — | 22 | 40 | 21 | 0 | 19 | |
| 173 | St Kitts & Nevis | 22.2 | — | 2 | 14 | 42 | 45 | 21 | |
| 174 | Finland | 21.9 | — | 20 | 35 | 18 | 2 | 29 | |
| 175 | Luxembourg | 21.7 | — | 28 | 24 | 29 | 0 | 20 | |
| 176 | Australia | 21.5 | — | 9 | 17 | 34 | 4 | 52 | |
| 177 | Grenada | 21.5 | — | 16 | 0 | 37 | 40 | 27 | |
| 178 | St Vincent & the Grenadines | 21.0 | — | 13 | 6 | 37 | 36 | 24 | |
| 179 | Vanuatu | 21.0 | — | 16 | 8 | 37 | 36 | 16 | |
| 180 | Norway | 20.6 | — | 9 | 21 | 38 | 1 | 36 | |
| 181 | New Zealand | 20.5 | — | 12 | 13 | 33 | 2 | 48 | |
| 182 | Antigua & Barbuda | 20.0 | — | 5 | 4 | 39 | 33 | 33 | |
| 183 | Tuvalu | 18.5 | — | 7 | 0 | — | 42 | 45 | |
| 184 | Denmark | 18.3 | — | 17 | 13 | 30 | 2 | 31 | |
| 185 | Tonga | 17.9 | — | 16 | 0 | 32 | 33 | 17 | |
| 186 | Samoa | 17.6 | — | 16 | 3 | 31 | 22 | 23 | |
| 187 | Nauru | 17.4 | — | 13 | 0 | 27 | 39 | 19 | |
| 188 | Kiribati | 17.1 | — | 14 | 0 | 35 | 33 | 11 | |
| 189 | Iceland | 15.6 | — | 20 | 3 | 21 | 2 | 37 | |
| 190 | Andorra | 13.2 | — | — | 0 | 42 | 5 | 5 | |
| 191 | Marshall Islands | 12.1 | — | 4 | 20 | 1 | 34 | 5 | |
| 192 | San Marino | 7.7 | — | — | 3 | — | 9 | 15 | |
| — | North Korea | insufficient data | — | — | 75 | — | 85 | — | |
| — | Liechtenstein | insufficient data | — | — | 17 | — | 3 | — | |
| — | Monaco | insufficient data | — | — | 6 | — | 2 | — | |
| — | Taiwan | insufficient data | — | — | 32 | — | — | — | |
| — | Vatican City | insufficient data | — | — | 0 | — | — | — |
Movers
First edition: no change against a previous edition.
Sub-indices
The ten most exposed countries in each sub-index
Chokepoints concentrate the risk of small, open economies
Source: Intelrift, IGE · ChokepointsData through 31 December 2019
Sanctions weigh on jurisdictions under a regime and on their partners
Source: Intelrift, IGE · SanctionsData through 31 December 2019
Commodity concentration punishes single-product exporters
Source: Intelrift, IGE · Commodity concentrationData through 31 December 2019
Institutional fragility follows political violence
Source: Intelrift, IGE · Institutional fragilityData through 31 December 2019
Sovereign stress shows in reserves, inflation and the currency
Source: Intelrift, IGE · Sovereign stressData through 31 December 2019
How to read the index
Three things to know before reading a figure
It measures exposure, not prediction.
The IGE measures how much structural damage an economy would suffer from a route closure, tighter sanctions, a swing in its commodities, an institutional crisis or an episode of sovereign stress. It does not say when anything will happen.
The scale is relative to the edition.
Each input is placed between the 5th and 95th percentiles of countries with data and scaled to 0–100. A 70 means being among the most exposed countries in the world in this edition, not 70% of anything.
What is missing is visible.
When a country lacks data for a sub-index it shows as "insufficient data" and the index is computed from the others with renormalised weights. Nothing is filled with a zero or an estimate.
Calibration
Calibration: coming soon
Every edition leaves a public record of its scores and hash. Once there is enough history, the index's calibrated accuracy against real stress episodes will be published here.
Use the index