Geoeconomic Index · quarterly · public
GeoeconomicIndex.
Retrospective 2022Published on 19 October 2026Data through 31 December 2022Scale 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
- Iraq leads the edition with 61.1 points; Sanctions accounts for 31% of its score.
- The biggest riser is Ghana: +5.0 points on the previous edition, driven by sovereign stress.
- Malacca is the main chokepoint for 70 countries; 23 of them have more than 10% of GDP exposed to its closure.
Geoeconomic risk, country by country
Source: Intelrift, IGEData through 31 December 2022
Hover to see the score. Click to open the country page.
Ranking
Every country, sortable
| Sub-indices | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| 1 | Iraq | 61.1 | −2.7 | 58 | 75 | 80 | 69 | 11 | |
| 2 | Iran | 58.9 | +1.9 | 37 | 100 | 50 | 55 | 42 | |
| 3 | Libya | 58.6 | −3.9 | 46 | 64 | 79 | 82 | 20 | |
| 4 | Venezuela | 57.8 | −2.1 | 16 | 74 | 65 | 84 | 66 | |
| 5 | South Sudan | 56.7 | +1.2 | 26 | 59 | — | 83 | 78 | |
| 6 | Lebanon | 54.8 | +2.2 | 66 | 65 | 26 | 54 | 59 | |
| 7 | Myanmar (Burma) | 53.4 | +0.3 | 47 | 74 | 32 | 78 | 34 | |
| 8 | Afghanistan | 52.9 | −4.7 | 58 | 78 | 27 | 66 | 23 | |
| 9 | Yemen | 52.9 | −2.4 | 45 | 47 | 53 | 80 | 48 | |
| 10 | Ukraine | 52.0 | +2.6 | 53 | 55 | 32 | 72 | 53 | |
| 11 | Belarus | 51.4 | −1.6 | 46 | 87 | 12 | 59 | 46 | |
| 12 | Mali | 51.3 | +2.3 | 56 | 36 | 53 | 81 | 37 | |
| 13 | Syria | 50.8 | −3.7 | 42 | 78 | 23 | 76 | 33 | |
| 14 | Sudan | 50.2 | −3.3 | 33 | 50 | 38 | 75 | 72 | |
| 15 | Congo - Kinshasa | 50.0 | +1.3 | 29 | 54 | 56 | 89 | 31 | |
| 16 | Moldova | 49.6 | +2.8 | 80 | 38 | 30 | 47 | 48 | |
| 17 | Cuba | 47.2 | −0.8 | 42 | 72 | 26 | 44 | — | |
| 18 | Eritrea | 46.9 | +1.3 | 63 | 11 | 55 | 71 | 46 | |
| 19 | Pakistan | 46.8 | +3.0 | 42 | 48 | 29 | 50 | 74 | |
| 20 | Russia | 46.5 | −1.4 | 20 | 90 | 45 | 44 | 23 | |
| 21 | Central African Republic | 46.3 | −0.3 | 38 | 46 | 38 | 95 | 25 | |
| 22 | Nicaragua | 46.0 | −0.5 | 44 | 52 | 32 | 59 | 45 | |
| 23 | Burkina Faso | 45.5 | +4.2 | 62 | 8 | 54 | 69 | 48 | |
| 24 | Somalia | 45.4 | 0.0 | 37 | 48 | 27 | 100 | 25 | |
| 25 | Tunisia | 43.3 | +1.2 | 48 | 39 | 31 | 45 | 57 | |
| 26 | Haiti | 42.9 | +3.3 | 30 | 40 | 29 | 84 | 47 | |
| 27 | Chad | 42.9 | −0.6 | 40 | 9 | 74 | 71 | 34 | |
| 28 | Türkiye | 42.0 | −0.8 | 34 | 57 | 14 | 39 | 71 | |
| 29 | Kyrgyzstan | 41.9 | +0.6 | 49 | 26 | 39 | 61 | 42 | |
| 30 | Equatorial Guinea | 41.7 | −1.5 | 26 | 7 | 89 | 84 | 20 | |
| 31 | Angola | 41.6 | −2.0 | 36 | 11 | 79 | 51 | 43 | |
| 32 | Ethiopia | 41.5 | −0.8 | 41 | 10 | 42 | 75 | 60 | |
| 33 | Palestinian Territories | 41.3 | −3.1 | — | 20 | 32 | 54 | 77 | |
| 34 | Azerbaijan | 41.0 | +1.1 | 40 | 17 | 79 | 52 | 22 | |
| 35 | Turkmenistan | 40.7 | −1.6 | 37 | 8 | 73 | 59 | — | |
| 36 | Kazakhstan | 40.6 | −0.9 | 34 | 28 | 58 | 40 | 49 | |
| 37 | Jordan | 40.4 | +1.4 | 63 | 30 | 23 | 36 | 49 | |
| 38 | Panama | 40.2 | +0.4 | 44 | 31 | 35 | 48 | 49 | |
| 39 | Guinea-Bissau | 40.1 | +0.6 | 26 | 35 | 41 | 66 | 45 | |
| 40 | Djibouti | 39.9 | −2.4 | 58 | 8 | 30 | 72 | 45 | |
| 41 | Nigeria | 39.9 | −1.0 | 29 | 15 | 62 | 66 | 44 | |
| 42 | Kuwait | 39.8 | −1.4 | 40 | 22 | 81 | 35 | 18 | |
| 43 | Zimbabwe | 39.8 | −1.6 | 42 | 20 | 28 | 59 | 67 | |
| 44 | Burundi | 39.7 | +2.1 | 61 | 10 | 36 | 55 | 43 | |
| 45 | Armenia | 39.4 | +0.7 | 55 | 28 | 26 | 48 | 44 | |
| 46 | North Macedonia | 39.4 | +0.4 | 64 | 22 | 27 | 40 | 44 | |
| 47 | Mongolia | 38.9 | +0.5 | 46 | 7 | 51 | 46 | 57 | |
| 48 | Guyana | 38.6 | +0.7 | 47 | 10 | 64 | 53 | 24 | |
| 49 | Georgia | 38.3 | −1.1 | 62 | 28 | 18 | 34 | 47 | |
| 50 | Oman | 38.3 | +0.5 | 40 | 26 | 60 | 33 | 34 | |
| 51 | Zambia | 38.1 | −3.2 | 39 | 7 | 55 | 52 | 52 | |
| 52 | Malaysia | 37.5 | −0.2 | 47 | 42 | 28 | 24 | 41 | |
| 53 | Sri Lanka | 37.3 | +2.0 | 39 | 13 | 29 | 44 | 79 | |
| 54 | Liberia | 37.2 | +1.6 | 42 | 16 | 49 | 57 | 30 | |
| 55 | Maldives | 37.1 | +0.6 | 44 | 20 | 44 | 40 | 43 | |
| 56 | Mexico | 37.1 | +0.3 | 21 | 42 | 30 | 62 | 40 | |
| 57 | El Salvador | 37.1 | −1.3 | 39 | 12 | 32 | 61 | 58 | |
| 58 | Bulgaria | 36.3 | +1.1 | 55 | 33 | 14 | 39 | 38 | |
| 59 | Gambia | 36.3 | +3.9 | 40 | 22 | 41 | 53 | 32 | |
| 60 | Laos | 36.2 | +2.8 | 40 | 14 | 26 | 53 | 62 | |
| 61 | Congo - Brazzaville | 36.1 | +2.6 | 24 | 8 | 74 | 53 | 36 | |
| 62 | India | 36.1 | +0.7 | 37 | 43 | 27 | 33 | 39 | |
| 63 | Singapore | 36.1 | +0.1 | 60 | 45 | 30 | 2 | 25 | |
| 64 | Uganda | 36.1 | +3.2 | 44 | 21 | 30 | 47 | 45 | |
| 65 | Mozambique | 35.9 | +1.4 | 30 | 9 | 43 | 61 | 57 | |
| 66 | Guinea | 35.7 | −2.6 | 30 | 28 | 31 | 78 | 22 | |
| 67 | Jamaica | 35.7 | −0.4 | 48 | 12 | 25 | 56 | 49 | |
| 68 | Morocco | 35.7 | +1.5 | 50 | 19 | 26 | 49 | 40 | |
| 69 | Dominican Republic | 35.5 | −0.6 | 39 | 17 | 42 | 49 | 38 | |
| 70 | Paraguay | 35.5 | +0.6 | 39 | 16 | 40 | 56 | 37 | |
| 71 | Honduras | 35.4 | −1.1 | 38 | 21 | 29 | 66 | 35 | |
| 72 | Qatar | 35.3 | −0.8 | 38 | 19 | 72 | 18 | 26 | |
| 73 | Uzbekistan | 35.3 | +0.2 | 34 | 26 | 38 | 51 | 33 | |
| 74 | Mauritania | 35.1 | +0.1 | 50 | 12 | 38 | 48 | 32 | |
| 75 | United Arab Emirates | 35.0 | −0.3 | 40 | 50 | 32 | 16 | 24 | |
| 76 | Bolivia | 35.0 | +0.9 | 48 | 11 | 36 | 49 | 38 | |
| 77 | Colombia | 35.0 | +2.0 | 18 | 27 | 38 | 57 | 51 | |
| 78 | Guatemala | 35.0 | 0.0 | 32 | 28 | 28 | 63 | 33 | |
| 79 | Niger | 35.0 | +1.7 | 39 | 17 | 28 | 57 | 48 | |
| 80 | Malawi | 34.7 | +0.8 | 44 | 0 | 40 | 51 | 53 | |
| 81 | Seychelles | 34.4 | −1.2 | 57 | 15 | 40 | 26 | 30 | |
| 82 | China | 34.2 | +0.3 | 20 | 58 | 30 | 34 | 26 | |
| 83 | Algeria | 34.1 | −0.6 | 21 | 18 | 78 | 41 | 17 | |
| 84 | Bosnia & Herzegovina | 34.0 | +0.5 | 33 | 33 | 22 | 51 | 36 | |
| 85 | Saudi Arabia | 33.9 | −1.3 | 27 | 31 | 60 | 31 | 18 | |
| 86 | Gabon | 33.8 | +1.4 | 26 | 0 | 54 | 71 | 39 | |
| 87 | Hungary | 33.8 | +3.5 | 44 | 14 | 34 | 29 | 54 | |
| 88 | Argentina | 33.7 | +1.4 | 18 | 24 | 30 | 45 | 71 | |
| 89 | Slovakia | 33.7 | +2.7 | 45 | 18 | 38 | 26 | 45 | |
| 90 | Belgium | 33.5 | +3.0 | 53 | 34 | 23 | 10 | 39 | |
| 91 | Egypt | 33.5 | +2.0 | 21 | 28 | 21 | 41 | 71 | |
| 92 | Cambodia | 33.5 | +0.1 | 40 | 20 | 31 | 48 | 34 | |
| 93 | Vietnam | 33.4 | −0.6 | 34 | 22 | 36 | 44 | 38 | |
| 94 | South Africa | 33.4 | +1.1 | 19 | 36 | 21 | 53 | 49 | |
| 95 | Greece | 33.2 | +2.3 | 46 | 28 | 17 | 29 | 45 | |
| 96 | Cyprus | 33.1 | +1.2 | 42 | 40 | 20 | 24 | 34 | |
| 97 | Lesotho | 33.1 | −0.6 | 50 | 0 | 35 | 60 | 31 | |
| 98 | Kosovo | 33.0 | +1.8 | — | 22 | — | 45 | 39 | |
| 99 | Serbia | 32.9 | +1.8 | 41 | 37 | 5 | 43 | 39 | |
| 100 | Thailand | 32.9 | +0.7 | 36 | 33 | 26 | 35 | 33 | |
| 101 | Tajikistan | 32.9 | −1.8 | 49 | 16 | 30 | 51 | 20 | |
| 102 | Bangladesh | 32.7 | +0.5 | 31 | 13 | 40 | 45 | 47 | |
| 103 | Bahrain | 32.6 | −2.2 | 39 | 19 | 27 | 39 | 46 | |
| 104 | Kenya | 32.5 | +0.5 | 30 | 24 | 25 | 43 | 50 | |
| 105 | Suriname | 32.5 | −0.6 | 21 | 8 | 48 | 47 | 58 | |
| 106 | Comoros | 32.4 | −1.5 | 23 | 7 | 44 | 81 | 26 | |
| 107 | Montenegro | 32.3 | +1.4 | 31 | 17 | 21 | 40 | 67 | |
| 108 | Papua New Guinea | 32.3 | −1.4 | 23 | 0 | 55 | 62 | 41 | |
| 109 | Brunei | 32.2 | −0.3 | 43 | 0 | 81 | 16 | 20 | |
| 110 | Romania | 32.2 | +0.5 | 41 | 17 | 31 | 32 | 45 | |
| 111 | Belize | 32.1 | −1.9 | 23 | 15 | 44 | 59 | 33 | |
| 112 | Senegal | 32.1 | +2.2 | 47 | 12 | 21 | 30 | 59 | |
| 113 | Italy | 32.0 | +2.7 | 36 | 29 | 27 | 25 | 44 | |
| 114 | Philippines | 32.0 | −0.4 | 28 | 27 | 34 | 43 | 35 | |
| 115 | Chile | 31.9 | +1.9 | 35 | 15 | 38 | 27 | 53 | |
| 116 | Malta | 31.7 | +1.4 | 40 | 28 | 38 | 20 | 28 | |
| 117 | Cape Verde | 31.6 | +1.7 | 36 | 4 | 55 | 28 | 42 | |
| 118 | Brazil | 31.4 | −0.7 | 16 | 24 | 31 | 52 | 47 | |
| 119 | Netherlands | 31.2 | +3.1 | 53 | 37 | 17 | 4 | 32 | |
| 120 | Ghana | 31.1 | +5.0 | 29 | 7 | 31 | 35 | 71 | |
| 121 | Cameroon | 30.9 | +2.6 | 29 | 6 | 35 | 65 | 35 | |
| 122 | Mauritius | 30.6 | +2.2 | 49 | 6 | 29 | 23 | 51 | |
| 123 | São Tomé & Príncipe | 30.5 | +0.9 | 31 | 0 | 52 | 43 | 39 | |
| 124 | Ecuador | 30.4 | +1.1 | 26 | 18 | 33 | 49 | 38 | |
| 125 | Slovenia | 30.2 | +3.0 | 53 | 10 | 35 | 17 | 33 | |
| 126 | Sierra Leone | 30.2 | +2.2 | 24 | 10 | 35 | 48 | 50 | |
| 127 | France | 30.1 | +2.2 | 25 | 39 | 30 | 14 | 41 | |
| 128 | Costa Rica | 30.0 | −0.8 | 30 | 19 | 32 | 32 | 45 | |
| 129 | Spain | 29.8 | +2.0 | 31 | 34 | 20 | 21 | 43 | |
| 130 | Germany | 29.6 | +2.0 | 27 | 45 | 29 | 5 | 32 | |
| 131 | United Kingdom | 29.6 | +3.1 | 22 | 48 | 19 | 10 | 46 | |
| 132 | Israel | 29.6 | −0.4 | 19 | 34 | 41 | 23 | 32 | |
| 133 | South Korea | 29.6 | +0.8 | 39 | 21 | 34 | 13 | 40 | |
| 134 | Rwanda | 29.3 | +0.3 | 43 | 18 | 16 | 31 | 42 | |
| 135 | Madagascar | 29.0 | +0.6 | 41 | 4 | 22 | 60 | 29 | |
| 136 | Indonesia | 28.8 | −0.1 | 20 | 34 | 22 | 32 | 39 | |
| 137 | Trinidad & Tobago | 28.7 | +0.4 | 19 | 9 | 44 | 59 | 28 | |
| 138 | Eswatini | 28.4 | −0.1 | 33 | 0 | 31 | 63 | 30 | |
| 139 | Namibia | 28.3 | +0.5 | 34 | 12 | 17 | 40 | 49 | |
| 140 | Nepal | 28.3 | −1.1 | 47 | 0 | 25 | 45 | 32 | |
| 141 | Albania | 28.1 | +2.6 | 26 | 19 | 24 | 43 | 38 | |
| 142 | Czechia | 28.0 | +3.2 | 37 | 15 | 36 | 15 | 36 | |
| 143 | Lithuania | 27.9 | +2.7 | 44 | 14 | 22 | 16 | 45 | |
| 144 | Japan | 27.8 | +2.5 | 32 | 27 | 33 | 3 | 39 | |
| 145 | Tanzania | 27.7 | −0.2 | 26 | 12 | 31 | 44 | 37 | |
| 146 | Côte d’Ivoire | 27.4 | +1.4 | 27 | 9 | 26 | 47 | 43 | |
| 147 | Timor-Leste | 27.4 | −2.7 | 19 | 0 | 68 | 46 | 15 | |
| 148 | Poland | 27.3 | +0.2 | 27 | 18 | 29 | 22 | 46 | |
| 149 | Latvia | 27.2 | +1.8 | 34 | 22 | 18 | 21 | 44 | |
| 150 | Benin | 27.1 | −0.7 | 29 | 10 | 35 | 35 | 35 | |
| 151 | United States | 27.1 | −0.2 | 6 | 44 | 24 | 22 | 44 | |
| 152 | Peru | 26.9 | −0.9 | 22 | 19 | 32 | 40 | 29 | |
| 153 | Botswana | 26.8 | −1.0 | 38 | 0 | 44 | 32 | 25 | |
| 154 | Dominica | 26.6 | +2.8 | 15 | 11 | 33 | 45 | 45 | |
| 155 | Fiji | 26.4 | +2.6 | 36 | 3 | 29 | 29 | 44 | |
| 156 | Ireland | 26.3 | +1.9 | 29 | 24 | 39 | 5 | 29 | |
| 157 | Bhutan | 26.0 | −0.7 | 44 | 0 | 35 | 17 | 37 | |
| 158 | Croatia | 26.0 | +2.3 | 38 | 10 | 21 | 27 | 38 | |
| 159 | Togo | 26.0 | −0.2 | 26 | 4 | 28 | 52 | 34 | |
| 160 | Canada | 25.7 | +0.6 | 5 | 41 | 27 | 7 | 51 | |
| 161 | Austria | 25.6 | +2.5 | 28 | 28 | 26 | 7 | 35 | |
| 162 | Bahamas | 25.6 | −2.7 | 23 | 9 | 27 | 41 | 42 | |
| 163 | Palau | 25.5 | −0.6 | 23 | 9 | 38 | 30 | 37 | |
| 164 | Estonia | 25.0 | +1.1 | 26 | 29 | 20 | 7 | 42 | |
| 165 | Portugal | 25.0 | +2.5 | 33 | 12 | 28 | 16 | 39 | |
| 166 | St Vincent & the Grenadines | 24.9 | −0.5 | 16 | 6 | 42 | 41 | 33 | |
| 167 | Solomon Islands | 24.4 | −0.8 | 22 | 0 | 46 | 45 | 20 | |
| 168 | Sweden | 24.4 | +1.5 | 18 | 32 | 24 | 3 | 44 | |
| 169 | Norway | 24.0 | +2.1 | 12 | 21 | 55 | 2 | 29 | |
| 170 | Grenada | 23.8 | +3.4 | 31 | 0 | 35 | 32 | 30 | |
| 171 | Barbados | 22.7 | +0.1 | 21 | 6 | 24 | 27 | 48 | |
| 172 | Finland | 22.7 | +2.6 | 22 | 35 | 16 | 2 | 34 | |
| 173 | Antigua & Barbuda | 22.6 | −3.1 | 15 | 4 | 35 | 35 | 37 | |
| 174 | Switzerland | 22.5 | +0.3 | 24 | 40 | 16 | 2 | 20 | |
| 175 | Australia | 22.2 | +1.2 | 10 | 17 | 37 | 3 | 51 | |
| 176 | St Kitts & Nevis | 22.2 | 0.0 | 2 | 14 | 41 | 41 | 27 | |
| 177 | Micronesia | 21.9 | −1.4 | 26 | 0 | 46 | 24 | 17 | |
| 178 | Luxembourg | 21.5 | +1.1 | 27 | 24 | 23 | 2 | 25 | |
| 179 | Uruguay | 21.1 | −0.9 | 25 | 6 | 32 | 18 | 30 | |
| 180 | New Zealand | 21.0 | +1.5 | 14 | 13 | 30 | 1 | 55 | |
| 181 | Vanuatu | 20.4 | 0.0 | 12 | 8 | 34 | 36 | 22 | |
| 182 | Kiribati | 19.9 | +2.9 | 11 | 0 | 43 | 31 | 25 | |
| 183 | St Lucia | 19.9 | −1.8 | 10 | 3 | 27 | 46 | 30 | |
| 184 | Tonga | 19.8 | +1.8 | 18 | 0 | 39 | 31 | 19 | |
| 185 | Denmark | 19.3 | +1.2 | 20 | 13 | 29 | 3 | 32 | |
| 186 | Samoa | 18.9 | +0.3 | 17 | 3 | 29 | 23 | 33 | |
| 187 | Andorra | 17.2 | +4.3 | — | 0 | 42 | 10 | 20 | |
| 188 | Iceland | 15.7 | +1.5 | 19 | 3 | 20 | 2 | 40 | |
| 189 | Marshall Islands | 14.6 | +0.4 | 8 | 20 | 1 | 34 | 15 | |
| 190 | Tuvalu | 14.3 | +4.1 | 7 | 0 | — | 39 | 26 | |
| 191 | Nauru | 12.6 | −0.7 | 4 | 0 | 20 | 36 | 15 | |
| 192 | San Marino | 8.6 | +1.2 | — | 3 | — | 12 | 15 | |
| — | North Korea | insufficient data | — | — | 75 | — | 80 | — | |
| — | Liechtenstein | insufficient data | — | — | 17 | — | 5 | — | |
| — | Monaco | insufficient data | — | — | 6 | — | 7 | — | |
| — | Taiwan | insufficient data | — | — | 32 | — | — | — | |
| — | Vatican City | insufficient data | — | — | 0 | — | — | — |
Movers
Biggest risers
- Ghana31.1+5.0
- Andorra17.2+4.3
- Burkina Faso45.5+4.2
- Tuvalu14.3+4.1
- Gambia36.3+3.9
Biggest fallers
- Afghanistan52.9−4.7
- Libya58.6−3.9
- Syria50.8−3.7
- Sudan50.2−3.3
- Zambia38.1−3.2
Change in points against the previous published edition. (Edition 2021 · 2021)
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 2022
Sanctions weigh on jurisdictions under a regime and on their partners
Source: Intelrift, IGE · SanctionsData through 31 December 2022
Commodity concentration punishes single-product exporters
Source: Intelrift, IGE · Commodity concentrationData through 31 December 2022
Institutional fragility follows political violence
Source: Intelrift, IGE · Institutional fragilityData through 31 December 2022
Sovereign stress shows in reserves, inflation and the currency
Source: Intelrift, IGE · Sovereign stressData through 31 December 2022
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