Mapped: Geopolitical Risk by Economy
This post is by Jenna Ross from Visual Capitalist
Geopolitical Risk by Economy
The Russia-Ukraine war highlighted how geopolitical risk can up-end supply chains and weaponize trade. More precisely, the war led to trade sanctions, a food crisis, and energy shortages.
This graphic from The Hinrich Foundation, the third in a five-part series on the sustainability of trade, explores how geopolitical risk differs by economy. It pulls data from the 2022 Sustainable Trade Index, which The Hinrich Foundation produced in collaboration with the IMD World Competitiveness Center.
Breaking Down Geopolitical Risk
Geopolitical risk has a strong correlation with GDP per capita, meaning that developing economies typically have less stability.
The following table shows how geopolitical risk breaks down for select economies that are covered in the 2022 Sustainable Trade Index. A lower number indicates less stability, while a higher number indicates more stability.
|Papua New Guinea||20.3|
Source: World Bank, based on the latest available data from 2020. Values (Read more...)