Intelrift Geoeconomic Index· Edition 1 · Q4 2026
Montenegro
33.3
Comparable countries
- Sri LankaIGE 34.8 · distance 7.3
- BahrainIGE 36.3 · distance 7.5
- EgyptIGE 38.5 · distance 8.4
- FijiIGE 29.9 · distance 9.2
Nearest in the five-dimensional sub-index space (euclidean distance over shared dimensions).
What would move the score
- Chokepoints±2.5 points
- Sanctions±2.5 points
- Commodity concentration±2.0 points
- Institutional fragility±1.5 points
- Sovereign stress±1.5 points
Change in the IGE if one sub-index moved by 10 points, with this country's effective weights.
Sub-indices against the regional and global mean
CountryRegional meanGlobal mean
Source: Intelrift, IGE. Simple means of covered countries.Data through 19 October 2026
History by edition
Hollow points are retrospectives: past years computed with the current method, without newsroom events and with the current snapshot of the sanctions lists.
Source: Intelrift, IGEData through 19 October 2026
Key factors
What drives the score
- Current account balance: -20.4 % of GDP (2025), risk percentile 100.source
- Exposure to sanctioned partners: 43.9 (2023), risk percentile 79.source
- Logistics performance (LPI): 2.8 (2022), risk percentile 63.source
- Control of corruption (WGI): 49.6 (2025), risk percentile 52.source
Each factor comes from a sourced, dated input; the percentile says where the country sits among those covered.
How it is calculated
Weights, coverage and provenance
5 of 5 sub-indices available · ige-v1
Provenance hash
SHA-256 of the canonical JSON of the inputs, their sources and periods, the winsorisation bounds and the weights. Same inputs, same hash.
Sub-index inputs
Chokepoints · 29.9
How much of the country's GDP depends on six maritime passages (Hormuz, Suez, Malacca, Bab el-Mandeb, Panama, Bosphorus) staying open, plus its imported-energy dependence, logistics performance and whether it is landlocked.
| Exposure to the main chokepoint (2025) | 12.4 % of GDP · percentile 20 |
| Total chokepoint exposure (2025) | 33.6 % of GDP · percentile 30 |
| Net energy import dependence (2024) | 34.2 % · percentile 36 |
| Fuel share of imports (2025) | 10.6 % · percentile 30 |
| Landlocked (transit dependence) (2026) | no · percentile 0 |
| Logistics performance (LPI) (2022) | 2.8 · percentile 63 |
Sanctions · 29.3
Whether the jurisdiction is under a sanctions regime (and how intense), how many people and entities linked to the country appear on the OFAC, EU, UN and UK lists, how many on US export-control lists, and how much it trades with sanctioned partners.
| Jurisdiction-level sanctions regime (2026) | targeted regime · percentile 30 |
| Designations linked to the country (2026) | 10 · percentile 38 |
| Designations under country programmes (2026) | 0 · percentile 0 |
| Entities under US export controls (2026) | 0 · percentile 0 |
| Exposure to sanctioned partners (2023) | 43.9 · percentile 79 |
Commodity concentration · 24.0
Concentration of exports and imports by product group (Herfindahl index), fuel and food share of imports, natural resource rents over GDP and terms-of-trade volatility.
| Export concentration (HHI) (2025) | 0.25 · percentile 0 |
| Import concentration (HHI) (2025) | 0.47 · percentile 43 |
| Fuel and food share of imports (2025) | 34.2 % · percentile 50 |
| Natural resource rents (2021) | 0.6 % of GDP · percentile 2 |
| Terms-of-trade volatility | insufficient data |
Institutional fragility · 32.0
Rule of law, political stability, government effectiveness and control of corruption (WGI), the INFORM index, battle deaths, homicides and new conflict displacements per capita, and the quarter's political and security events recorded by Intelrift.
| Rule of law (WGI) (2025) | 62.1 · percentile 43 |
| Political stability and absence of violence (WGI) (2025) | 73.5 · percentile 27 |
| Government effectiveness (WGI) (2025) | 62 · percentile 39 |
| Control of corruption (WGI) (2025) | 49.6 · percentile 52 |
| INFORM risk index (2026) | 2.6 · percentile 14 |
| Battle-related deaths per 100,000 people | insufficient data |
| Intentional homicides per 100,000 people (2023) | 0.79 · percentile 1 |
| New conflict displacements per 1,000 people | insufficient data |
| Political and security events (90 days) (2026) | 55.8 · percentile 47 |
| Terror and narco incidents (90 days) (2026) | insufficient data |
Sovereign stress · 59.4
Reserves in months of imports, current account balance, inflation, depreciation against the dollar, external debt and its service, short-term debt over reserves, broad money over reserves, interest over revenue and Intelrift's daily country risk.
| Reserves in months of imports | not applicable |
| Current account balance (2025) | -20.4 % of GDP · percentile 100 |
| Annual inflation (2025) | 3.9 % · percentile 15 |
| Annual depreciation against the dollar (2025) | -4 % · percentile 14 |
| External debt to GNI (2024) | 108.6 % · percentile 93 |
| Debt service to exports (2024) | 29.8 % · percentile 67 |
| Short-term debt to reserves | not applicable |
| Broad money to reserves | not applicable |
| Interest payments to revenue | insufficient data |
| Intelrift daily country risk (2026) | 37 · percentile 67 |