Intelrift Geoeconomic Index· Edition 1 · Q4 2026
Eswatini
26.9
Comparable countries
- TogoIGE 24.8 · distance 6.6
- MadagascarIGE 30.7 · distance 7.9
- LesothoIGE 29.9 · distance 8.0
- NepalIGE 31.9 · distance 8.3
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
- Reserves in months of imports: 1.9 months (2024), risk percentile 94.source
- Government effectiveness (WGI): 35.2 (2025), risk percentile 79.source
- Control of corruption (WGI): 31.9 (2025), risk percentile 78.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 · 35.5
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) | 3.6 % of GDP · percentile 0 |
| Total chokepoint exposure (2025) | 5.5 % of GDP · percentile 0 |
| Net energy import dependence (2024) | 17.3 % · percentile 18 |
| Fuel share of imports (2023) | 18.7 % · percentile 59 |
| Landlocked (transit dependence) (2026) | yes · percentile 100 |
| Logistics performance (LPI) | insufficient data |
Sanctions · 0.0
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 | no regime · percentile 0 |
| Designations linked to the country | 0 · percentile 0 |
| Designations under country programmes | 0 · percentile 0 |
| Entities under US export controls | 0 · percentile 0 |
| Exposure to sanctioned partners (2023) | 24.5 · percentile 0 |
Commodity concentration · 29.0
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) (2023) | 0.45 · percentile 30 |
| Import concentration (HHI) (2023) | 0.41 · percentile 23 |
| Fuel and food share of imports (2023) | 38.3 % · percentile 61 |
| Natural resource rents (2021) | 3 % of GDP · percentile 10 |
| Terms-of-trade volatility (2024) | 8.1 % · percentile 21 |
Institutional fragility · 53.2
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) | 45.8 · percentile 73 |
| Political stability and absence of violence (WGI) (2025) | 55.6 · percentile 59 |
| Government effectiveness (WGI) (2025) | 35.2 · percentile 79 |
| Control of corruption (WGI) (2025) | 31.9 · percentile 78 |
| INFORM risk index (2026) | 4 · percentile 38 |
| Battle-related deaths per 100,000 people | insufficient data |
| Intentional homicides per 100,000 people (2021) | 12.51 · percentile 39 |
| New conflict displacements per 1,000 people | insufficient data |
| Political and security events (90 days) (2026) | 27.6 · percentile 7 |
| Terror and narco incidents (90 days) (2026) | insufficient data |
Sovereign stress · 28.3
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 (2024) | 1.9 months · percentile 94 |
| Current account balance (2025) | 2.4 % of GDP · percentile 37 |
| Annual inflation (2019) | 2.6 % · percentile 10 |
| Annual depreciation against the dollar (2025) | -2.3 % · percentile 23 |
| External debt to GNI (2024) | 27.8 % · percentile 14 |
| Debt service to exports (2024) | 7.7 % · percentile 12 |
| Short-term debt to reserves (2024) | 13 % · percentile 10 |
| Broad money to reserves (2022) | 3× · percentile 15 |
| Interest payments to revenue (2021) | 7.4 % · percentile 26 |
| Intelrift daily country risk (2026) | 23 · percentile 40 |