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Intelrift Geoeconomic Index· Edition 1 · Q4 2026

Norway

24.4

Low · 20+Rank 172 of 192+3.0 against the previous edition · #176 → #172Europe · Northern Europe · 5 of 5 sub-indices available
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Rank in its region34 / 42Europe
Rank in its income group49 / 62High income
Comparable countriesDenmarkIGE 21.2 · distance 8.4Comparable countriesIrelandIGE 28.2 · distance 9.0

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

  • Terms-of-trade volatility: 42.1 % (2024), risk percentile 100.source
  • Political and security events (90 days): 76 (2026), risk percentile 76.source
  • Reserves in months of imports: 4.4 months (2025), risk percentile 75.source
  • Import concentration (HHI): 0.56 (2025), risk percentile 73.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

Chokepoints10Effective 25 %
Sanctions27Effective 25 %
Commodity concentration48Effective 20 %
Institutional fragility13Effective 15 %
Sovereign stress26Effective 15 %

5 of 5 sub-indices available · ige-v1

Provenance hash

22e9293e2cfef05bb8b3681bba3f49e2153dd5fbe2b2c781d66d976417dc653b

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 · 9.6

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)8.8 % of GDP · percentile 12
Total chokepoint exposure (2025)24.4 % of GDP · percentile 19
Net energy import dependence (2024)0 % · percentile 0
Fuel share of imports (2025)5.3 % · percentile 10
Landlocked (transit dependence) (2026)no · percentile 0
Logistics performance (LPI) (2022)3.7 · percentile 16

Sanctions · 26.5

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 country (2026)12 · percentile 40
Designations under country programmes (2026)0 · percentile 0
Entities under US export controls (2026)5 · percentile 43
Exposure to sanctioned partners (2023)40.4 · percentile 49

Commodity concentration · 47.6

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)0.43 · percentile 27
Import concentration (HHI) (2025)0.56 · percentile 73
Fuel and food share of imports (2025)16.3 % · percentile 5
Natural resource rents (2021)10.1 % of GDP · percentile 34
Terms-of-trade volatility (2024)42.1 % · percentile 100

Institutional fragility · 12.6

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)90.6 · percentile 0
Political stability and absence of violence (WGI) (2025)84.5 · percentile 8
Government effectiveness (WGI) (2025)90 · percentile 0
Control of corruption (WGI) (2025)87 · percentile 0
INFORM risk index (2026)2 · percentile 3
Battle-related deaths per 100,000 peopleinsufficient data
Intentional homicides per 100,000 people (2023)0.72 · percentile 1
New conflict displacements per 1,000 peopleinsufficient data
Political and security events (90 days) (2026)76 · percentile 76
Terror and narco incidents (90 days) (2026)insufficient data

Sovereign stress · 26.4

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 (2025)4.4 months · percentile 75
Current account balance (2025)14.1 % of GDP · percentile 4
Annual inflation (2025)3 % · percentile 12
Annual depreciation against the dollar (2025)-3.3 % · percentile 18
External debt to GNInot applicable
Debt service to exportsnot applicable
Short-term debt to reservesnot applicable
Broad money to reserves (2024)3.7× · percentile 21
Interest payments to revenue (2024)1.6 % · percentile 4
Intelrift daily country risk (2026)29 · percentile 52