Monaco

Monaco faces a low risk despite its complete reliance on imported energy, with gasoline priced at $1.92/L. The principality benefits from 90 days of fuel reserves, providing a substantial buffer against supply chain disruptions. Monaco's immense wealth and high per capita income act as a significant mitigating factor, allowing it to easily absorb elevated energy costs. Food security remains low risk, even with a 35% increase in fertilizer prices. The outlook for Monaco is very stable, as its economic strength ensures continued resilience against the global energy crisis.