We construct an Index of Geopolitical Risk (GPR Index) counting the occurrence of words related to geopolitical tensions in leading international newspapers.

Cite as: Caldara, Dario and Matteo Iacoviello, Measuring Geopolitical Risk, working paper, Board of Governors of the Federal Reserve Board, 2016

A useful summary is in our slides (September 2016) for the workshop on "Macroeconomics of Uncertainty and Volatility"

Our data updated until the end of March 2017
using the latest methodology (described in the paper above) can be found here

GPR Index

Historical GPR