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Intelrift Geoeconomic Index· Edition 1 · Q4 2026

Malawi

37.6

Moderate · 30+Rank 69 of 192−0.1 against the previous edition · #52 → #69Africa · Eastern Africa · 5 of 5 sub-indices available
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Rank in its region28 / 54Africa
Rank in its income group19 / 24Low income
Comparable countriesZambiaIGE 43.5 · distance 7.1Comparable countriesBoliviaIGE 38.5 · distance 9.4

Comparable countries

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

  • Landlocked (transit dependence): yes (2026), risk percentile 100.source
  • Annual inflation: 28.4 % (2025), risk percentile 100.source
  • Export concentration (HHI): 0.87 (2025), risk percentile 100.source
  • Reserves in months of imports: 1.9 months (2020), risk percentile 94.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

Chokepoints49Effective 25 %
Sanctions1Effective 25 %
Commodity concentration45Effective 20 %
Institutional fragility48Effective 15 %
Sovereign stress61Effective 15 %

5 of 5 sub-indices available · ige-v1

Provenance hash

919598bd969274625af1b04e090d35e68a29e495217c634eb5582fbdc409b303

SHA-256 of the canonical JSON of the inputs, their sources and periods, the winsorisation bounds and the weights. Same inputs, same hash.

Read the methodology

Sub-index inputs

Chokepoints · 48.6

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)5.6 % of GDP · percentile 5
Total chokepoint exposure (2025)8.3 % of GDP · percentile 1
Net energy import dependenceinsufficient data
Fuel share of imports (2025)19.8 % · percentile 63
Landlocked (transit dependence) (2026)yes · percentile 100
Logistics performance (LPI) (2018)2.6 · percentile 74

Sanctions · 0.9

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 regimeno regime · percentile 0
Designations linked to the country0 · percentile 0
Designations under country programmes0 · percentile 0
Entities under US export controls0 · percentile 0
Exposure to sanctioned partners (2023)35.2 · percentile 4

Commodity concentration · 44.6

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)0.87 · percentile 100
Import concentration (HHI) (2025)0.47 · percentile 43
Fuel and food share of imports (2025)31.1 % · percentile 42
Natural resource rents (2021)4.2 % of GDP · percentile 14
Terms-of-trade volatility (2024)8.9 % · percentile 23

Institutional fragility · 48.3

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)56.4 · percentile 54
Political stability and absence of violence (WGI) (2025)62.7 · percentile 46
Government effectiveness (WGI) (2025)40 · percentile 71
Control of corruption (WGI) (2025)34.7 · percentile 74
INFORM risk index (2026)4.7 · percentile 50
Battle-related deaths per 100,000 peopleinsufficient data
Intentional homicides per 100,000 people (2012)1.78 · percentile 4
New conflict displacements per 1,000 peopleinsufficient data
Political and security events (90 days) (2026)49.2 · percentile 38
Terror and narco incidents (90 days) (2026)insufficient data

Sovereign stress · 60.6

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 (2020)1.9 months · percentile 94
Current account balance (2025)-14 % of GDP · percentile 84
Annual inflation (2025)28.4 % · percentile 100
Annual depreciation against the dollar (2023)+22.3 % · percentile 100
External debt to GNI (2024)35.3 % · percentile 22
Debt service to exports (2024)10.6 % · percentile 19
Short-term debt to reserves (2020)30 % · percentile 24
Broad money to reserves (2020)3.5× · percentile 19
Interest payments to revenue (2024)35.8 % · percentile 100
Intelrift daily country risk (2026)25 · percentile 44