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Author: Raul Amoros

Ranked: The World’s Wealthiest Cities, by Number of Millionaires

by Raul Amoros
This post is by Raul Amoros from Visual Capitalist

Infographic showing a ranking of the world's wealthiest cities

The Top 20 Cities for the World’s Ultra-Wealthy

How many millionaires, centimillionaires, and billionaires live in the world’s wealthiest cities?

While such metrics are not all encompassing, these measurements of private wealth do help put the financial health and economic activity of some of the world’s wealthiest cities in perspective.

This infographic uses information from the Henley Global Citizens Report, in partnership with New World Wealth, to rank the world’s wealthiest cities. It leverages a comprehensive data set that tracks the movements and spending habits of high-net-worth individuals in over 150 cities around the world.

Which cities and regions have the biggest concentrations of millionaires around the world, each with a net worth greater than $1 million (USD)?

Millionaires and Billionaires in the Wealthiest Cities

In the latest edition of the ranking, North America has a strong showing with seven of the wealthiest cities, by number of millionaires.

In particular, the United States claims five of the cities in the top 10, including the very top spot with New York City.

RankCityCountryMillionairesBillionaires
#1New York🇺🇸 United States345,60059
#2Tokyo🇯🇵 Japan304,90012
#3San Francisco🇺🇸 United States276,40062
#4London🇬🇧 United Kingdom272,40038
#5Singapore🇸🇬 Singapore249,80026
#6Los Angeles🇺🇸 United States192,40034
#7Chicago🇺🇸 United States160,10028
#8Houston🇺🇸 United States132,60025
#9Beijing🇨🇳 China131,50044
#10Shanghai🇨🇳 China130,10042
#11Sydney🇦🇺 Australia129,50016
#12Hong Kong🇭🇰 China (SAR)125,10028
#13 (Read more...)

Ranked: The Best Countries to Retire In

by Raul Amoros
This post is by Raul Amoros from Visual Capitalist

best countries to retire in 2022

Ranked: The Best Countries to Retire in Around the World

Our global population is getting older. By 2050, the OECD predicts that 30% of people worldwide will be aged 65 or over.

While some countries are relatively prepared to handle this increase in the elderly demographic, others are already feeling the squeeze and struggling with the challenges that come with a rapidly aging population.

Which countries are the best equipped to support their senior citizens? This graphic uses data from the 2022 Natixis Global Retirement Index to show the best countries to retire in around the world, based on several different factors that we’ll dig into below.

What Makes a Country Retirement-Friendly?

When people consider what makes a place an ideal retirement location, it’s natural to think about white sand beaches, hot climates, and endless sunny days. And, in truth, the right net worth opens up a world of opportunity of where to enjoy one’s golden years.

The Global Retirement Index (GRI) examines retirement from different, more quantitative perspective. The annual report looks at 44 different countries and ranks them based on their retirement security. The index considers 18 factors, which are grouped into four overarching categories:

  • Health: Health spend per capita, life expectancy, and non-insured health spend.
  • Quality of Life: Happiness levels, water and sanitation, air quality, other environmental factors, and biodiversity/habitat.
  • Material Wellbeing: Income per capita, income equality, and employment levels.
  • Finances in Retirement: Government debt, old-age dependency, interest rates, inflation, governance, tax pressure, and bank non-performing (Read more...)

Ranked: The Top 25 Islands to Visit in 2022

by Raul Amoros
This post is by Raul Amoros from Visual Capitalist

Ranked: The Top 25 Islands to Visit in 2022

Ranked: The Top 25 Islands to Visit in 2022

After a pandemic-induced slump, travel is finally started to pick up again in many parts of the world. After years of waiting, where are people itching to go to on their next vacation?

This graphic uses survey data from Travel + Leisure (T+L) magazine to highlight the 25 top-ranked islands to visit around the world.

Methodology of the World’s Best Awards

Before diving in, it’s worth summarizing the methodology and briefly explaining how T+L compiled their findings. Each year, T+L conducts an annual global survey that uncovers the top travel experiences worldwide.

In the survey, readers were asked to rate a range of things, including their favorite islands to visit. Islands were rated based on a few categories, including:

  • Activities and sights
  • Natural attractions and beaches
  • Food
  • Friendliness
  • Overall value

Each category was given a score of excellent, above average, average, below average, or poor. From there, each island’s final tally was calculated, based on the average scores across all categories. Below, we’ll dive into the 2022 rankings based on these scores.

The 5 Top-Ranked Islands to Visit

At the top of the list, there’s a good mix of European, Asian, and South Pacific islands. Here’s a look at the top five islands, along with some context that explains why respondents ranked them so highly:

1. Ischia, Italy

Nestled in the gulf of Naples about an hour away from the mainland, this charming volcanic island takes first place because of (Read more...)

Visualizing Which Countries Drink the Most Beer

by Raul Amoros
This post is by Raul Amoros from Visual Capitalist

voronoi chart showing which countries drink the most beer

Visualizing Which Countries Drink the Most Beer

Humans have been drinking beer for thousands of years—and since it’s still one of the most popular beverages worldwide, it seems we haven’t gotten sick of it yet. The latest available data shows that beer consumption exceeded 177 million kiloliters around the world in 2020.

Beer consumption occurs all over the world, but the amount varies greatly depending on the location. So, which countries drink the most beer?

This graphic uses data from Kirin Holdings to compare global beer consumption by country. Kirin is a Japanese company that has been tracking beer consumption around the world since 1975.

Which Countries Drink the Most Beer?

When it comes to total beer consumption, China ranks number one.

In 2020, the country’s consumption reached 36 million kiloliters—that’s enough beer to fill more than 14,000 Olympic-sized pools. The country accounts for a whopping one-fifth of total beer consumption worldwide. Archaeological evidence also suggests that China has a beer producing history that goes back thousands of years.

Here’s a look at the top 25 countries for beer consumption, and their global market share:

Ranking 2020CountryTotal Consumption
(thousand kl)		Global Market
Share
1🇨🇳​ China36,08820.30%
2🇺🇸​ United States of America24,10513.60%
3🇧🇷​ Brazil13,8477.80%
4🇷🇺​ Russia8,6464.90%
5🇲🇽​ Mexico8,2874.70%
6🇩🇪​ Germany7,7464.40%
7🇯🇵 Japan4,4162.50%
8​🇬🇧​ United Kingdom4,0882.30%
9🇻🇳​ Vietnam3,8452.20%
10🇪🇸 Spain3,8152.10%
11 (Read more...)

Visualizing the World’s Largest Oil Producers

by Raul Amoros
This post is by Raul Amoros from Visual Capitalist

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largest oil producers by country 2021

The World’s Largest Oil Producers

This was originally posted on Elements. Sign up to the free mailing list to get beautiful visualizations on natural resource megatrends in your email every week.

The world is in the middle of the first energy crisis of the 21st century.

High energy prices, especially for oil, gas, and coal, are driving decades-high inflation in various countries, some of which are also experiencing energy shortages. Russia’s recent invasion of Ukraine has exacerbated the crisis, given that the country is both a major producer and exporter of oil and natural gas.

Using data from BP’s Statistical Review of World Energy, the above infographic provides further context on the crisis by visualizing the world’s largest oil producers in 2021.

Oil Production: OPEC Countries vs. Rest of the World

Before looking at country-level data, it’s worth seeing the amount of oil the Organization of Petroleum Exporting Countries (OPEC) produces compared to other organizations and regions.

Region/Organization2021 Oil Production (barrels per day)% of Total
OPEC31.7M35%
North America23.9M27%
Commonwealth of Independent States (CIS)13.8M15%
Rest of the World20.5M23%
Total89.9M100%

The OPEC countries are the largest oil producers collectively, with Saudi Arabia alone making up one-third of OPEC production. It’s also important to note that OPEC production remains below pre-pandemic levels after the organization reduced its output by an unprecedented 10 million barrels per day (B/D) in 2020.

(Read more...)

Visualizing the Coming Shift in Global Economic Power (2006-2036p)

by Raul Amoros
This post is by Raul Amoros from Visual Capitalist

Visualizing the Coming Shift in Global Economic Power (2006-2036p)

Visualizing the Shift in Global Economic Power

As the post-pandemic recovery chugs along, the global economy is set to see major changes in the coming decades. Most significantly, China is forecast to pass the United States to become the largest economy globally.

The world’s economic center has long been drifting from Europe and North America over to Asia. This global shift was kickstarted by lowered trade barriers and greater economic freedom, which attracted foreign direct investment (FDI). Another major driving factor was the improvements in infrastructure and communications, and a general increase in economic complexity in the region.

Our visualization uses data from the 13th edition of World Economic League Table 2022, a forecast published by the Center for Economics and Business Research (CEBR).

When Will China Become the Largest Economic Power?

China is expected to surpass the U.S. by the year 2030. A faster than expected recovery in the U.S. in 2021, and China’s struggles under the “Zero-COVID” policies have delayed the country taking the top spot by about two years.

China has maintained its positive GDP growth due to the stability provided by domestic demand. This has proven crucial in sustaining the country’s economic growth. China’s fiscal and economic policy had focused on this prior to the pandemic over fears of growing Western trade restrictions.

India is Primed for the #3 Spot

India is expected to become the third largest country in terms of GDP with $10.8 trillion projected in 2031.

Looking back, India had a GDP (Read more...)

Ranked: Visualizing the Largest Trading Partners of the U.S.

by Raul Amoros
This post is by Raul Amoros from Visual Capitalist

U.S. Largest Trading Partners

Can I share this graphic?
Yes. Visualizations are free to share and post in their original form across the web—even for publishers. Please link back to this page and attribute Visual Capitalist.
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Licenses are required for some commercial uses, translations, or layout modifications. You can even whitelabel our visualizations. Explore your options.
Interested in this piece?
Click here to license this visualization.

Ranked: The Largest Trading Partners of the U.S.

The U.S. economy grew 5.7% in 2021, the fastest pace since 1984, bouncing back from the economic downturn created by the pandemic. But as supply chain issues reared their head and international restrictions came in and out of play, how did the country’s trade situation shape up?

America’s trade deficit of goods shot up to a whopping record $1.1 trillion in 2021 from $922 billion in 2020, leading to its largest ever deficit. Imports dwarfed exports, reaching new highs of $2.9 trillion in 2021, while U.S. exports to other countries added up to $1.8 trillion.

Using the latest data on international trade from the U.S. Census Bureau, we’ve visualized the flow of America’s annual imports and exports for selected countries. The difference between the two measures is the country’s trade deficit for goods.

Who Does the U.S. Trade Most With?

In 2021, U.S trade of goods amounted to nearly $4.6 trillion and Canada, Mexico, and China were America’s largest trading partners. Those three countries alone combined for (Read more...)

Made in America: Goods Exports by State

by Raul Amoros
This post is by Raul Amoros from Visual Capitalist

U.S. goods exports by state

Can I share this graphic?
Yes. Visualizations are free to share and post in their original form across the web—even for publishers. Please link back to this page and attribute Visual Capitalist.
When do I need a license?
Licenses are required for some commercial uses, translations, or layout modifications. You can even whitelabel our visualizations. Explore your options.
Interested in this piece?
Click here to license this visualization.

Made in America: Goods Exports by State

After China, the U.S. is the next largest exporter of goods in the world, shipping out $1.8 trillion worth of goods in 2021—an increase of 23% over the previous year.

Of course, that massive number doesn’t tell the whole story. The U.S. economy is multifaceted, with varying levels of trade activity taking place all across the nation.

Using the latest data on international trade from the U.S. Census Bureau and the U.S. Bureau of Economic Analysis, we’ve visualized the value of America’s goods exports by state.

Top 10 Exporter States

Here are the top 10 American states that exported the highest dollar value worth of goods during 2021. Combined, these export-leading states represent 59.4% of the nation’s total exports.

RankStateTotal Exports Value% share
#1Texas$375.3 billion21.4%
#2California$175.1 billion10.0%
#3New York$84.9 billion4.8%
#4Louisiana$76.8 billion4.4%
#5Illinois$65.9 billion3.8%
#6Michigan$55.5 billion3.2%
#7Florida$55.5 billion3.2%
#8Washington$53.6 billion3.1%
#9Ohio (Read more...)

Visualizing China’s $18 Trillion Economy in One Chart

by Raul Amoros
This post is by Raul Amoros from Visual Capitalist

Visualizing China's Economy By Sector in 2021

Can I share this graphic?
Yes. Visualizations are free to share and post in their original form across the web—even for publishers. Please link back to this page and attribute Visual Capitalist.
When do I need a license?
Licenses are required for some commercial uses, translations, or layout modifications. You can even whitelabel our visualizations. Explore your options.
Interested in this piece?
Click here to license this visualization.

Visualizing China’s $18 Trillion Economy in 2021

China is the world’s second largest economy after the U.S., and it is expected to eventually climb into the number one position in the coming decades.

While China’s economy has had a much rockier start this year due to zero-tolerance COVID-19 lockdowns and supply chain issues, our visualization covers a full year of data for 2021⁠—a year in which most economies recovered after the initial chaos of the pandemic.

In 2021, China’s Gross Domestic Product (GDP) reached ¥114 trillion ($18 trillion in USD), according to the National Bureau of Statistics. The country’s economy outperformed government targets of 6% growth, with the overall economy growing by 8.1%.

Let’s take a look at what powers China’s modern economy.

Breaking Down China’s Economy By Sector

Sector2021 Total GDP
(Yuan)		2021 Total GDP
(USD)		% Share
Industry¥37.3T$5.9T32.6%
Wholesale and Retail Trades¥10.5T$1.7T9.2%
Finance¥9.1T$1.4T8.0%
Farming, Forestry, Animal Husbandry, and Fishery¥8.7T$1.4T7.6%
Construction¥8.0T$1.3T7.0%
Real Estate¥7.8T$1.2T6.9%
Transport, (Read more...)

Mapped: The State of Global Democracy in 2022

by Raul Amoros
This post is by Raul Amoros from Visual Capitalist

map showing global democracy index measuring political regimes in 2022

Can I share this graphic?
Yes. Visualizations are free to share and post in their original form across the web—even for publishers. Please link back to this page and attribute Visual Capitalist.
When do I need a license?
Licenses are required for some commercial uses, translations, or layout modifications. You can even whitelabel our visualizations. Explore your options.
Interested in this piece?
Click here to license this visualization.

Mapped: The State of Democracy Around the World

The world’s (almost) eight billion people live under a wide variety of political and cultural circumstances. In broad terms, those circumstances can be measured and presented on a sliding scale between “free” and “not free”—the subtext being that democracy lies on one end, and authoritarianism on the other.

This year’s Democracy Index report by the Economist Intelligence Unit (EIU), is one such attempt to apply a score to countries based on how closely they measure up to democratic ideals.

According to EIU, the state of democracy is at its lowest point since the index began in 2006, blamed in part on the pandemic restrictions that saw many countries struggling to balance public health with personal freedom.

In this year’s report, the EIU reported a drop of the average global score from 5.37 to 5.28, the biggest drop since 2010 after the global financial crisis. This translates into a sobering fact: only 46% of the population is living in a democracy “of some sort.”

Let’s dive a bit deeper (Read more...)