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Destinations Where Tourists Outnumber Locals

See this visualization first on the Voronoi app. Use This Visualization Destinations Where Tourists Outnumber Locals This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources. Key Takeaways Microstates and small territories dominate the list, with Andorra averaging over 52 tourists per resident and Macao at 24. Tourism brings economic benefits but can also spark local concerns over overdependence and lifestyle impacts. The data for this map comes from UN Tourism. It compares the number of annual tourist arrivals with resident population, producing a “tourists per resident” measure. This ratio is a useful lens for understanding the intensity of tourism pressure on a destination. Malta, for example, welcomes 3.56 million visitors per year, over six times its population. Worth noting that our map excludes the Vatican, the world’s smallest sovereign nation, which has around 800 residents but can receive over 6 million visitors per year—equivalent to roughly 7,500 tourists per resident. Microstates Lead the Rankings Andorra tops the list with more than 52 tourists per resident each year, followed by Macao at 24. These microstates have limited populations but high visitor appeal, from Andorra’s ski resorts to Macao’s casinos. CountryTourist Arrivals (millions)Population (thousands)Tourists per Resident Andorra4.178052.13 Macao SAR16.468024.12 Turks & Caicos0.734018.25 Aruba1.4211012.91 British Virgin Islands0.313010.33 Cook Islands0.17208.5 Malta3.565206.85 Cayman Islands0.44706.29 N. Mariana Islands0.23504.6 Bahamas1.874104.56 Guam0.741704.35 Albania11.2928004.03 Montenegro2.456203.95 Maldives2.055203.94 Bahrain6.6217803.72 Austria32.290003.58 Seychelles0.351003.5 Greece35.95104003.46 Cyprus4.0412003.37 Island Economies Depend on Visitors Places like Turks and Caicos, Aruba, and the British Virgin Islands each see more than 10 tourists for every local resident. Their economies rely on hospitality, cruise arrivals, and luxury travel. This dependency, however, means global shocks—like pandemics or hurricanes—can have outsized impacts. Tourism Pressure on Larger Nations Even mid-sized countries like Austria and Greece see tourist ratios above 3 per resident. Albania, with 11.29 million visitors, stands out as the only large-population country in the top rankings for tourists per resident. Learn More on the Voronoi App If you enjoyed today’s post, check out The 25 Richest Countries in the World (Depending on What’s Measured) on Voronoi, the new app from Visual Capitalist.

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Ranked: U.S. Cities With the Highest Cost of Living

See this visualization first on the Voronoi app. Use This Visualization Ranked: U.S. Cities With the Highest Cost of Living This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources. Key Takeaways New York City is the most expensive place to live in America. Ranking in second is San Francisco, where prices are about 15% cheaper than in the Big Apple. The cost of living can vary dramatically in America, and for people relocating or comparing expenses, these differences matter. This infographic ranks the top 20 U.S. cities with the highest cost of living in 2025, based on data from Numbeo. New York City Sets the Benchmark How do living costs actually compare across America? With New York City as the baseline (index = 100), the table below show how expensive major cities are relative to the nation’s priciest metro. It ranks U.S. cities based on the average prices for groceries, transportation, dining, utilities, and rent as of mid-year 2025. RankCityCost of Living Plus Rent Index 1New York, NY100 2San Francisco, CA85.3 3Boston, MA81.2 4San Jose, CA80.4 5Honolulu, HI78.5 6Washington, DC78.1 7Seattle, WA75.1 8San Diego, CA73.5 9Miami, FL71.7 10Los Angeles, CA70.6 11Chicago, IL64.6 12Sacramento, CA63.2 13Denver, CO62.4 14Nashville, TN60.4 15Philadelphia, PA59.6 16Portland, OR59.5 17Tampa, FL59.2 18Charlotte, NC57.8 19New Orleans, LA57.7 20Dallas, TX57.5 New York City tops the list, home to the highest number of millionaires in the world. The city is often used as a global cost-of-living benchmark due to its high concentration of amenities, wages, and housing demand. For perspective, renting a one-bedroom in central New York City costs an average of $4,107 in 2025. Meanwhile, average living expenses for a single person add another $1,700 monthly. San Francisco ranks second at 85.3, driven by tech-sector wages and high housing demand. San Jose (80.4) and San Diego (73.5) also reflect the premium cost of living near Silicon Valley and along the Pacific coast. By contrast, Dallas and New Orleans offer significantly lower living costs, with daily expenses more than 40% lower than in New York City. Learn More on the Voronoi App If you enjoyed today’s post, check out the graphic on the cost of the American dream on Voronoi, the new app from Visual Capitalist.

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Ranked: States Where Americans Are Struggling the Most Financially

See this visualization first on the Voronoi app. Use This Visualization Ranked: Where Americans Are Struggling the Most Financially This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources. Key Takeaways Southern states dominate the list of places where Americans are in the most financial distress. Texas, Florida, and Louisiana rank highest due to high distress rates and rising bankruptcy filings. Americans across the country are facing increasing financial pressure. This visualization ranks all 50 U.S. states by a composite score of financial distress indicators. The data includes number of accounts in distress, bankruptcy trends, and even online search behavior for debt-related terms between March 2024 and March 2025. The data for this visualization comes from WalletHub. The South Leads in Financial Struggles Texas tops the list as the most financially distressed state, followed by Florida, Louisiana, Nevada, and South Carolina. These states consistently rank poorly across multiple indicators, particularly in the number and average count of distressed accounts. RankStatePeople with Accounts in DistressAvg # of Accounts in DistressChange in Bankruptcy Filings (2025 vs. 2024)“Debt” Search Interest Index“Loans” Search Interest Index 1Texas876135 2Florida1253225 3Louisiana7131222 4Nevada91315118 5S. Carolina2434225 6Oklahoma16192863 7N. Carolina48203220 8Mississippi141535461 9Kentucky33432710 10Alabama101738274 11Arizona262514616 12California5684247 13Georgia61048168 14Delaware1823162212 15Indiana283327120 16Ohio2926181012 17Tennessee1116412212 18Virginia212133325 19New York272937410 20Arkansas1214451612 21Colorado403732734 22Iowa1911133823 23Idaho464141628 24Connecticut155194545 25Missouri172246137 26Kansas2218362216 27N. Hampshire242824045 28Minnesota322792734 29Montana4135261132 30Massachusetts2012104247 31Utah353221928 32Pennsylvania3034242723 33Nebraska139424238 34North Dakota474540219 35Wyoming494811622 36Washington444971341 37Illinois3931301632 38S. Dakota232050430 39Rhode Island484714037 40Michigan4542391618 41Wisconsin3639223625 42Maryland3336293241 43Maine3444123841 44New Jersey3130323644 45West Virginia2524443238 46New Mexico3843174930 47Oregon3746234738 48Alaska4338491634 49Vermont5050254849 50Hawaii4240475050 Texas, for example, ranks 8th for the number of people in distress and 7th for the average number of distressed accounts. Louisiana ranks 1st in average accounts in distress. Western and Northeastern States Fare Better In contrast, many northern and western states rank near the bottom of the distress scale. Hawaii, Vermont, Alaska, and Oregon round out the bottom five, indicating less financial stress overall. These states tend to show lower bankruptcy increases, fewer accounts in distress, and less debt-related search interest. Notably, Vermont ranks last in the number of people and accounts in distress. Averaging a distress rank of 32.95, Republican-leaning states are experiencing significantly more financial hardship than Democrat-leaning states, which average a much lower rank of 20.94. Learn More on the Voronoi App If you enjoyed today’s post, check out Mapped: The Income Needed to Join the Top 1% in Every U.S. State on Voronoi, the new app from Visual Capitalist.

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Charted: Global EV Adoption (2019 vs. 2025)

See this visualization first on the Voronoi app. Use This Visualization Visualizing Global EV Adoption This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources. Key Takeaways Electrified vehicles now make up 43% of global auto sales as of Q1 2025, up from just 9% in 2019. China accounts for more than half of global BEV sales, with Europe and the U.S. trailing behind. The global auto market is undergoing its fastest transformation in a century. What was once dominated almost entirely by combustion engines is now rapidly tilting toward electrified vehicles. This chart visualizes how global market shares for internal combustion, hybrid, and electric vehicles have shifted over the last six years. The data for this visualization comes from JATO. It highlights how quickly consumers worldwide are moving toward electric and hybrid vehicles. In Q1 2025, electrified vehicles (battery electric, plug-in hybrid, and hybrid combined) made up 43% of total auto sales, compared to just 9% in 2019. The Collapse of Combustion Engines In 2019, traditional combustion engines represented more than 90% of new vehicle sales worldwide. By 2025, that share has fallen to just 57%. This sharp decline reflects tighter emissions regulations, corporate commitments to phase out gasoline models, and consumer demand for cleaner alternatives. YearCombustion EngineHybridBattery ElectricPlug-in HybridOthers 201991.2%5.9%1.9%0.7%0.3% 2025 (Q1)56.7%21.1%15.7%6.1%0.4% China Leads the EV Charge China is the undisputed leader in EV adoption. In Q1 2025, it accounted for 57% of global BEV registrations. The country’s scale, government incentives, and dominance in battery manufacturing have accelerated its lead. Europe follows with 22% of BEV sales, while the U.S. makes up 12%. Hybrids as a Transition Technology While full battery electric vehicles (BEVs) capture headlines, hybrids are playing a critical role in the transition. In 2025, hybrids make up 21% of sales globally, up from just 6% in 2019. For many consumers, hybrids offer a practical middle ground—familiar combustion range with partial electrification benefits. Learn More on the Voronoi App If you enjoyed today’s post, check out Global Vehicle Production in 2024 on Voronoi, the new app from Visual Capitalist.

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Retirement Savings: Reaching the ‘Magic Number’

Published 3 hours ago on August 20, 2025 By Alan Kennedy Article & Editing Jenna Ross Graphics & Design Athul Alexander Twitter Facebook LinkedIn Reddit Pinterest Email The following content is sponsored by Empower Retirement savings: Reaching the ‘magic number’ Key Takeaways On average, Americans believe they will need nearly $1.1 million to retire. Americans expect to have only a quarter of the retirement savings they will need before they reach retirement age. Many Americans would like their employer to automatically enroll them in workplace retirement plans. While retirement savings may feel like a moving target, getting clear on the right number can be a powerful first step toward long-term security. For many, the so-called ‘magic number’ isn’t just a financial goal—it’s the amount they believe will cover rising living costs, unpredictable healthcare expenses, and hopefully, a little travel or leisure along the way. This graphic, in partnership with Empower, looks at the retirement targets Americans are setting, and how close they are to reaching them. What is the ‘magic number’? The amount Americans believe they need to save in order to retire somewhat varies based on where they live. RegionRetirement savings target West$1.2M South$1.1M Northeast$900K Midwest$860K On average, Americans believe they need almost $1.1 million in order to retire. However, people who live in western states like California, where the cost of living is higher, believe they will need more money. Expectations vs. targets for retirement savings Unfortunately, many Americans don’t expect to reach their savings goals before they retire. GenerationNeeded retirement savingsExpected retirement savings Gen Z$1.1M$280K Millennials$1.2M$260K Gen X$1.2M$250K Boomers$900K$240K On average, Americans expect to have only a quarter of the retirement savings they will need by the time they hit retirement age. Gen X anticipates being the furthest from their goal. Bridging the retirement savings gap To help them get closer to their required retirement savings, many Americans want their employers to automatically enroll them in workplace retirement plans. Generation% who prefer automatic enrollment in employer retirement savings plan Gen Z29% Millennials45% Gen X45% Boomers46% Undoubtedly, many Americans consider employer plans a cornerstone of their retirement planning.  Nearly one-third say they would not have started saving for retirement if it weren’t for their employer’s plan. These plans also have the potential to boost how much people save, with 35% of Americans saying they contribute enough to their 401(k) get the full employer match. By taking advantage of employer plans, and saving as early and as much as possible, Americans can be better prepared for retirement. For wealth-building tips and the week’s financial headlines, check out Empower’s newsletter The Currency. Source: Empower’s ‘Magic Number’ study, based on online survey responses from 1,097 Americans ages 18+. YouGov fielded the survey from August 6-7, 2024, and weighted it to be nationally representative of U.S. adults. More from Empower Money6 months ago Ranked: The Top 10 States by Average Net Worth Visual Capitalist partnered with Empower to explore Americans’ average net worth and rank the top states by average net worth. Personal Finance6 months ago Mapped: The Top 10 States by Credit Card Spending In this graphic, Visual Capitalist has partnered with Empower to rank the U.S. states by monthly credit card spending. Personal Finance10 months ago Ranked: The Top 10 States by Average Retirement Savings The average retirement savings across all states is $498,000 per person, but how much money have the top states saved? Personal Finance2 years ago How to Reach Financial Happiness Empower explores the roadblocks and stressors faced by Americans on the road to financial happiness. Subscribe Please enable JavaScript in your browser to complete this form.Join the 375,000+ subscribers who receive our daily email *Sign Up

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Ranked: The Companies Who Own the Most Bitcoin in 2025

See this visualization first on the Voronoi app. Use This Visualization Who Owns the Most Bitcoin in 2025? Top Companies Ranked This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources. Key Takeaways Strategy (formerly MicroStrategy) is the world’s largest corporate holder of Bitcoin, with a portfolio worth over $70 billion. More and more companies are adopting the strategy of investing in Bitcoin. Bitcoin’s adoption story is shifting from retail investors to major corporations. Today, a growing number of companies are holding billions of dollars’ worth of Bitcoin on their balance sheets, which they view as a hedge against inflation and currency devaluation. In this infographic, we find out which companies own the most Bitcoin, as of July 31, 2025. Data & Discussion The data for this visualization comes from BitcoinTreasuries.net. It tracks publicly reported Bitcoin holdings by corporations worldwide, offering a snapshot of how deeply businesses are exposed to the world’s leading cryptocurrency. Bitcoin holdings are as of July 31, 2025, and value is based on a BTC price of $118,454 USD. CompanyBitcoin HoldingsValue (USD) Strategy (formerly MicroStrategy)628,791$74,482,809,114 MARA Holdings50,000$5,922,700,000 XXI43,514$5,154,407,356 Bitcoin Standard Treasury Company30,021$3,556,107,534 Trump Media & Technology Group19,225$2,277,278,150 Riot Platforms18,430$2,183,107,220 Metaplanet17,132$2,029,353,928 Galaxy Digital Holdings12,830$1,519,764,820 Other public companies134,870$15,975,890,980 MicroStrategy Changes its Strategy Strategy (formerly MicroStrategy) is in a league of its own. With nearly 629,000 Bitcoin worth over $70 billion, it holds more than all other public companies combined. Since first buying in 2020, Strategy has consistently doubled down on its Bitcoin strategy, turning itself into a proxy for Bitcoin exposure in public markets. In early 2025, the company rebranded with a new stylized “B” logo and orange color scheme, signaling its evolution from a software provider into the world’s largest Bitcoin treasury company. Since the last time we covered this topic in early 2024, Strategy has grown its portfolio by 454,261 Bitcoin. Other Major Bitcoin Treasuries After Strategy, the next largest holders are MARA Holdings (50,000 BTC, $5.9B) and XXI (43,514 BTC, $5.2B). Both are large-scale Bitcoin miners and investors, underscoring how deeply the mining industry is intertwined with Bitcoin accumulation. In fifth place is Trump Media & Technology Group (TMTG), which has committed $2 billion of its liquid holdings to Bitcoin and Bitcoin-related securities. The company has also filed to launch several crypto ETFs that invest in Bitcoin and other digital assets. Learn More on the Voronoi App If you enjoyed today’s post, check out Bitcoin’s Total Market Share on Voronoi, the new app from Visual Capitalist.

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Charted: Global Crude Oil Trade Flows in 2024

See this visualization first on the Voronoi app. Use This Visualization Global Crude Oil Trade Flows in 2024 This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources. Key Takeaways China imported 11.1 million barrels of crude oil per day in 2024, with Russia standing as its largest supplier of oil. Meanwhile, the U.S. imported 6.6 million barrels per day (mb/d), with Canada accounting for 62% of the total. In 2024, global oil trade patterns continued to evolve, shaped by geopolitics and changing regional demand. From Asia to the Middle East and the Americas, oil remains a cornerstone of the global economy. The vast scale of daily trade underscores not only the world’s reliance on energy but also intricate, global alliances. This infographic shows the largest crude oil importers and exporters by daily volume, based on data from the Energy Institute. China Leads in Global Oil Imports Below, we show daily oil import and export volumes for major global players: Country / RegionTotal ImportsThousand b/dTotal Exports Thousand b/d China11,09718 Europe9,281249 US6,5893,971 Other Asia Pacific6,073417 India4,7791 Japan2,3022 Singapore871< 0.5 Canada5044,393 South & Central America4163,686 Other Middle East4103,276 Other Commonwealth of Independent States3231,814 Africa3064,805 Saudi Arabia1566,420 Kuwait1561,203 UAE1073,658 Russia14,868 Mexico< 0.5835 Iraq< 0.53,597 China remains the world’s top oil importer, bringing in 11.1 million barrels per day in 2024. Despite efforts to diversify energy sources, China remains highly reliant on foreign oil, with Russia now its primary supplier. In 2024, China and India were the largest buyers of Russian crude oil, resulting in 81% of Russia’s oil imports. Europe followed with 9.3 million barrels per day, reflecting its continued dependency on imports despite increased renewable adoption. While Europe has been cutting its imports of Russian oil given the war in Ukraine, it stood as the third-largest importer, at 12% of Russia’s exports. As we can see, the U.S. was the third-largest importer with 6.6 million barrels per day—though this is counterbalanced by its strong export volume driven by record shale production in 2024. Learn More on the Voronoi App If you enjoyed today’s post, check out this graphic on the countries with the largest proven oil reserves on Voronoi, the new app from Visual Capitalist.

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Charted: Video Game Industry Revenue in the U.S. (2002-2024)

See this visualization first on the Voronoi app. Charted: Video Game Industry Revenue in the U.S. Over Time This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources. Key Takeaways U.S. gaming sales hit $59.3 billion in 2024, with 87% ($51.3B) coming from the games (software) themselves. The PS4, Xbox One, and Nintendo Switch generation saw game revenues more than double in the span of a decade, but since 2019 sales have shown little growth. The U.S. video game industry has transformed dramatically over the past two decades, growing into a cultural and economic powerhouse. This visualization charts the U.S. video game industry’s annual revenue from 2002 through 2024 (figures not adjusted for inflation) using data from the Entertainment Software Association. Video Game Revenue Over Time The data table below shows the annual revenue of the video game industry from 2002 to 2024, which includes the combined sales of video game software, hardware, and accessories in the United States. Note that these are nominal sales and are not adjusted for inflation. YearU.S. Video game industry revenue 2002$11.7B 2003$11.2B 2004$11.0B 2005$11.4B 2006$13.3B 2007$18.6B 2008$21.6B 2009$20.2B 2010$26.2B 2011$25.4B 2012$24.8B 2013$26.3B 2014$28.4B 2015$30.2B 2016$30.0B 2017$36.3B 2018$42.7B 2019$44.9B 2020$57.7B 2021$61.2B 2022$57.4B 2023$59.5B 2024$59.3B In the early 2000s, annual revenues hovered around $11 billion, but the rise of online gaming, mobile platforms, and digital distribution fueled a surge in consumer spending. The arrival of the Xbox 360, PlayStation 3, and Nintendo Wii in the mid-2000s ushered in a wave of consumer excitement and broader adoption. Annual video game revenue rose from $13.3 billion in 2006 to $21.4 billion in 2008, driven by blockbuster franchise starters like Gears of War, Assassin’s Creed, and Mass Effect, along with the first true online console ecosystems. Video Game Revenues Double in the 2010s The launch of the PlayStation 4 and Xbox One in 2013, along with the explosion of mobile gaming, drove industry revenue past $30 billion by 2014. By 2018, sales had more than doubled compared to the early 2010s, topping $43 billion, and the introduction of the Nintendo Switch in 2017 provided another boost, attracting both casual and core gamers. The pandemic years of 2020 and 2021 set revenue records, peaking at $61.2 billion in 2021 as lockdowns drove demand for digital entertainment. Since then, despite the launch of new consoles like the PS5 and Xbox Series X/S, annual sales have largely plateaued around $59 billion. While the recent strong launch of the Nintendo Switch 2 could usher a new wave of sales, it’s uncertain if the U.S. video game industry will see another surge similar to the 2010s. Learn More on the Voronoi App To learn more about the video game industry, check out this visualization of video game revenue by country on Voronoi, the new app from Visual Capitalist.

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Charting How U.S. Tariffs Will Hit Key Products

Published 5 hours ago on August 19, 2025 By Julia Wendling Graphics & Design Jennifer West Twitter Facebook LinkedIn Reddit Pinterest Email The following content is sponsored by Hinrich Foundation Charting How U.S. Tariffs Will Hit Key Products U.S. tariffs have climbed to an average rate of 18.6%—the highest since 1933. But what does this mean for everyday consumers? This visualization, developed in collaboration with the Hinrich Foundation, highlights major goods expected to face sustained price increases due to rising tariffs. Based on data from the Yale Budget Lab, it explores both short-term shocks and longer-term inflationary effects. Tariffs & Inflation Tariffs drive inflation by raising the cost of imported goods, pushing prices higher for both consumers and businesses that rely on them. In the short run, companies often pass these increased input costs directly onto consumers, creating immediate price spikes.  Over time, the effects compound: with less competition from foreign producers, domestic firms may raise prices as well. Retaliatory tariffs and global supply chain disruptions can further intensify these inflationary pressures. Short-Term Price Hikes Tariffs currently affect a wide range of countries and goods. As a result, short-term price increases are expected across numerous sectors. These spikes are most pronounced early on, as businesses have limited time or flexibility to pivot to alternative sources. In the longer term, they can adjust whether by sourcing domestically or eliminating certain inputs altogether. Among the hardest-hit categories are primary goods like metals, which are projected to rise by 41.0%, and crops, expected to climb by 31.5%. Consumer goods will also be significantly affected: clothing prices could jump 36.6%, electronics 17.0%, and motor vehicles 12.4%. ProductShort-Run (% change from baseline)Long-Run (% change from baseline) Metals41.017.3 Clothing36.618.0 Crops31.515.1 Electrical equipment26.412.5 Computers/electronics17.07.7 Motor vehicles/parts12.49.4 Machinery14.28.5 Transport equipment10.86.4 Manufactured goods11.05.8 Fishing10.26.3 Industrial products won’t be spared either. Electrical equipment is expected to see a 26.4% increase, followed by machinery (14.2%), transport equipment (10.8%), and other manufactured goods (11.0%). With these goods playing a central role in essentials such as food, transportation, and electronics, the impact on both consumers and businesses will be tangible. Long-Term Price Hike Persistence Even after markets adjust and producers shift to cheaper alternatives, the price hikes are expected to persist. For every major product category, long-term increases range from approximately 6% to 20%.  Metals (17.3%) and crops (15.1%) remain among the top long-run inflation drivers. Clothing (18.0%), electrical equipment (12.5%), and electronics (7.7%) are also set to remain significantly more expensive.  Industrial categories like machinery (8.5%), transport equipment (6.4%), and manufactured goods (5.8%) will continue to see elevated prices, and motor vehicles are projected to be 9.4% costlier in the long term. Inflation: Higher for Longer These persistent price hikes mean that both consumers and businesses will continue to bear the financial burden of elevated costs. Over time, this could dampen consumer spending, strain profit margins, and slow broader economic growth. Visit the Hinrich Foundation to learn more about the war on global trade. More from Hinrich Foundation Economy2 months ago Breaking Down the $450 Billion of Trade Destruction from U.S. Tariffs The UN has crunched the numbers projecting the ripple effects of Trump’s May 12th tariffs. Which economies are bracing for the biggest hits? Economy4 months ago Ranked: America’s Services Trade Balances America’s goods trade deficits have dominated headlines, but a critical part of the equation is being ignored: services trade. AI5 months ago Visualized: All of the World’s Data More data will be created, captured, and replicated in the next three years than in the rest of human history. But by how much? Economy6 months ago Visualized: The Growing Opportunities in Global Trade Careers Visual Capitalist has partnered with the Hinrich Foundation to explore the landscape of global trade and find out what students and trade professionals can do to… Green6 months ago Ranked: CO₂ Emissions Per Person in 30 Economies CO₂ emissions are reshaping the flows of international trade. Which countries have the highest and lowest CO₂ emissions per capita? Healthcare7 months ago Mapped: Life Expectancy in Major Economies Which countries have the highest and lowest life expectancies at birth? Markets9 months ago Ranked: Government Debt Across Major Economies Based on data from the IMF’s World Economic Outlook, which countries have the highest and lowest government debt ratios? Markets10 months ago Ranked: The World’s Most Sustainable Economies in 2024 Based on the Hinrich Foundation’s 2024 Sustainable Trade Index, which economies are the most and least sustainable? Oil and Gas1 year ago How Oil Is Adding Fuel to Geopolitical Fragmentation Which countries and regions decreased, banned, or increased Russian oil imports following the 2022 invasion of Ukraine? Politics1 year ago The Start of De-Dollarization: China’s Gradual Move Away from the USD The de-dollarization of China’s trade settlements has begun. What patterns do we see in USD and RMB use within China and globally? Politics1 year ago The Bloc Effect: International Trade with Geopolitical Allies on the Rise Rising geopolitical tensions are shaping the future of international trade, but what is the effect on trading among G7 and BRICS countries? Green2 years ago Ranked: Resource Dependency Across 30 Major Economies High resource dependency in trade makes countries more susceptible to market fluctuations and climate change. Misc2 years ago Visualizing the Global Education Gap This graphic adds visual context to the global education gap, using data from 29 major economies. Money2 years ago Ranking the Credit Ratings of Major Economies This graphic visualizes 30 country’s credit ratings, using data from the 2023 Sustainable Trade Index. Economy2 years ago Ranked: The World’s Most Sustainable Economies in 2023 The Sustainable Trade Index 2023 is an annual ranking of the world’s most sustainable economies. View this infographic to see the results. Economy2 years ago Visualizing the Impact of the G20’s Corporate Subsidies The Hinrich Foundation visualizes the impact of corporate subsidies by G20 nations between 2008 and Q1 2023. Economy2 years ago Economic Coercion: China’s Leverage in Trade The Hinrich Foundation explores China’s use of economic coercion and the implications of its control over the solar energy sector. Politics2 years ago Ranking the Trade Policies of the G20 We analyze recent trade policies implemented by G20 members to determine whether they are liberalizing or harmful. Green2 years ago Global Carbon Markets: Highlights from the Latest Report We highlight key findings from the Hinrich Foundation’s latest report on carbon markets, produced in partnership with Visual Capitalist. Green2 years ago Ranked: Air Pollution by Economy Which economies have hazy air, and which ones enjoy mostly clear skies? Find out in this geographic breakdown of air pollution levels. Politics3 years ago Mapped: Geopolitical Risk by Economy Prior to invading Ukraine, Russia had one of the highest levels of geopolitical risk. How does geopolitical uncertainty vary around the world? Economy3 years ago Ranked: Harmful Tariffs by Economy The U.S. has by far the most harmful tariffs, with nearly 5,000 in force. Which economy has the least tariffs? Business3 years ago Interested in a Career in Global Trade? Global trade is growing across regions and countries which is creating an explosion in new jobs and education opportunities. Economy3 years ago Introducing the 2022 Sustainable Trade Index See which economies have the most sustainable trade policies in the Hinrich Foundation’s 2022 Sustainable Trade Index. Economy3 years ago Global Trade Series: Fragmentation in the Digital Economy In this infographic, we examine the current state of digital fragmentation and it’s implications on the world.  Economy3 years ago Global Trade Series: Asia’s Digital Economy Asia’s digital economy is expanding quicker than ever, but cooperation between governments is needed to reduce barriers. Economy3 years ago Global Trade Series: The Benefits of Free Trade Free trade is a powerful engine for economic growth, but rising protectionism stands in the way. See what the data says in this infographic. Subscribe Please enable JavaScript in your browser to complete this form.Join the 375,000+ subscribers who receive our daily email *Sign Up

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Charting How U.S. Tariffs Will Hit Key Products

Published 2 days ago on August 19, 2025 By Julia Wendling Graphics & Design Jennifer West Twitter Facebook LinkedIn Reddit Pinterest Email The following content is sponsored by Hinrich Foundation Charting How U.S. Tariffs Will Hit Key Products U.S. tariffs have climbed to an average rate of 18.6%—the highest since 1933. But what does this mean for everyday consumers? This visualization, developed in collaboration with the Hinrich Foundation, highlights major goods expected to face sustained price increases due to rising tariffs. Based on data from the Yale Budget Lab, it explores both short-term shocks and longer-term inflationary effects. Tariffs & Inflation Tariffs drive inflation by raising the cost of imported goods, pushing prices higher for both consumers and businesses that rely on them. In the short run, companies often pass these increased input costs directly onto consumers, creating immediate price spikes.  Over time, the effects compound: with less competition from foreign producers, domestic firms may raise prices as well. Retaliatory tariffs and global supply chain disruptions can further intensify these inflationary pressures. Short-Term Price Hikes Tariffs currently affect a wide range of countries and goods. As a result, short-term price increases are expected across numerous sectors. These spikes are most pronounced early on, as businesses have limited time or flexibility to pivot to alternative sources. In the longer term, they can adjust whether by sourcing domestically or eliminating certain inputs altogether. Among the hardest-hit categories are primary goods like metals, which are projected to rise by 41.0%, and crops, expected to climb by 31.5%. Consumer goods will also be significantly affected: clothing prices could jump 36.6%, electronics 17.0%, and motor vehicles 12.4%. ProductShort-Run (% change from baseline)Long-Run (% change from baseline) Metals41.017.3 Clothing36.618.0 Crops31.515.1 Electrical equipment26.412.5 Computers/electronics17.07.7 Motor vehicles/parts12.49.4 Machinery14.28.5 Transport equipment10.86.4 Manufactured goods11.05.8 Fishing10.26.3 Industrial products won’t be spared either. Electrical equipment is expected to see a 26.4% increase, followed by machinery (14.2%), transport equipment (10.8%), and other manufactured goods (11.0%). With these goods playing a central role in essentials such as food, transportation, and electronics, the impact on both consumers and businesses will be tangible. Long-Term Price Hike Persistence Even after markets adjust and producers shift to cheaper alternatives, the price hikes are expected to persist. For every major product category, long-term increases range from approximately 6% to 20%.  Metals (17.3%) and crops (15.1%) remain among the top long-run inflation drivers. Clothing (18.0%), electrical equipment (12.5%), and electronics (7.7%) are also set to remain significantly more expensive.  Industrial categories like machinery (8.5%), transport equipment (6.4%), and manufactured goods (5.8%) will continue to see elevated prices, and motor vehicles are projected to be 9.4% costlier in the long term. Inflation: Higher for Longer These persistent price hikes mean that both consumers and businesses will continue to bear the financial burden of elevated costs. Over time, this could dampen consumer spending, strain profit margins, and slow broader economic growth. Visit the Hinrich Foundation to learn more about the war on global trade. More from Hinrich Foundation Economy2 months ago Breaking Down the $450 Billion of Trade Destruction from U.S. Tariffs The UN has crunched the numbers projecting the ripple effects of Trump’s May 12th tariffs. Which economies are bracing for the biggest hits? Economy4 months ago Ranked: America’s Services Trade Balances America’s goods trade deficits have dominated headlines, but a critical part of the equation is being ignored: services trade. AI5 months ago Visualized: All of the World’s Data More data will be created, captured, and replicated in the next three years than in the rest of human history. But by how much? Economy6 months ago Visualized: The Growing Opportunities in Global Trade Careers Visual Capitalist has partnered with the Hinrich Foundation to explore the landscape of global trade and find out what students and trade professionals can do to… Green6 months ago Ranked: CO₂ Emissions Per Person in 30 Economies CO₂ emissions are reshaping the flows of international trade. Which countries have the highest and lowest CO₂ emissions per capita? Healthcare7 months ago Mapped: Life Expectancy in Major Economies Which countries have the highest and lowest life expectancies at birth? Markets9 months ago Ranked: Government Debt Across Major Economies Based on data from the IMF’s World Economic Outlook, which countries have the highest and lowest government debt ratios? Markets10 months ago Ranked: The World’s Most Sustainable Economies in 2024 Based on the Hinrich Foundation’s 2024 Sustainable Trade Index, which economies are the most and least sustainable? 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Economy3 years ago Introducing the 2022 Sustainable Trade Index See which economies have the most sustainable trade policies in the Hinrich Foundation’s 2022 Sustainable Trade Index. Economy3 years ago Global Trade Series: Fragmentation in the Digital Economy In this infographic, we examine the current state of digital fragmentation and it’s implications on the world.  Economy3 years ago Global Trade Series: Asia’s Digital Economy Asia’s digital economy is expanding quicker than ever, but cooperation between governments is needed to reduce barriers. Economy3 years ago Global Trade Series: The Benefits of Free Trade Free trade is a powerful engine for economic growth, but rising protectionism stands in the way. See what the data says in this infographic. Subscribe Please enable JavaScript in your browser to complete this form.Join the 375,000+ subscribers who receive our daily email *Sign Up

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Will AI Replace Jobs? Survey Results from 21 Countries

See this visualization first on the Voronoi app. Use This Visualization Will AI Replace Jobs? Survey Results from 21 Countries This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources. Key Takeaways India, Pakistan, and Indonesia show the highest combined “yes” responses. Globally, most respondents (54%) expected their job to probably or definitely be replaced by a computer or machine in the next decade. Will AI replace your job within the next decade? As artificial intelligence becomes more prevalent around the world, regional differences in how workers perceive the risk of automation are emerging. While some countries show more confidence in job security, others anticipate widespread disruption from AI. This infographic compares levels of certainty, from “definitely yes” to “definitely no.” Data & Discussion The data for this visualization comes from Global Public Opinion on Artificial Intelligence (GPO-AI). It captures how people from 21 different countries (over 1,000 people each) perceive the likelihood that their job will be replaced by a computer or machine within the next 10 years. CountryDefinitely yesProbably yesProbably noDefinitely no India3639178 Pakistan3141189 South Africa23382414 Mexico21442113 Kenya20462211 Chile20442016 U.S.18302824 Indonesia1660168 Global15392718 Brazil14432914 Argentina14412718 China13572010 Spain11383021 Italy11372923 Australia10293130 Germany10243234 Portugal9393517 Canada9273430 U.K.8303330 Poland8313626 France7413518 Japan5383918 High Belief in Emerging Economies India, Pakistan, and Indonesia stand out with the highest combined “yes” responses. In India, 75% of respondents believed their jobs would probably or definitely be replaced. Pakistan followed closely at 72%, while Indonesia saw 76% agreement. These numbers suggest that in rapidly growing economies, where technology adoption is accelerating, workers are more alert to the risks of automation. Emerging economies may also have a higher share of jobs that involve routine or low-skilled labor, making them more susceptible to automation. In a recent study titled Skill-Based Labor Market Polarization in the Age of AI: A Comparative Analysis of India and the United States, it was found that India’s labor market reveals a “double vulnerability”, meaning employment is concentrated in low-skill roles that also have high automation risk. Mixed Expectations in Developed Nations By contrast, countries such as Germany, Japan, and Canada show more skepticism. In Germany, only 34% thought replacement was likely, while 66% leaned toward “no.” Japan showed the lowest certainty, with just 5% saying “definitely yes.” These responses may reflect stronger job protections, slower automation uptake, or greater trust in existing labor systems. Other research has suggested that jobs requiring human-to-human interaction are the safest from AI automation. Learn More on the Voronoi App If you enjoyed today’s post, check out The Most Common Job in Every U.S. State on Voronoi, the new app from Visual Capitalist.

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The World’s Most Valuable Unicorn Companies in 2025

See this visualization first on the Voronoi app. The World’s Most Valuable Unicorn Companies in 2025 This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources. Key Takeaways With a $350 billion valuation, SpaceX ranks first globally, driven by partnerships with NASA and Starlink’s expanding global footprint. OpenAI’s valuation has grown by more than tenfold since 2023, reaching $300 billion. TikTok-parent ByteDance follows next, worth $220 billion with approximately two billion users globally. Unicorn companies are making a comeback fueled by the generative AI frenzy. While startup funding experienced a lull after the 2021 bonanza, private companies are now seeing a flood of investment, particularly in AI-driven firms like OpenAI. At the same time, countries such as India and the UK are producing firms with sky-high valuations, reflecting an increasingly global unicorn landscape. This graphic shows the most valuable unicorn companies in 2025, based on data from Crunchbase. Ranked: The Top 30 Biggest Unicorn Companies Below, we show the world’s top 30 unicorns by valuation as of July 4, 2025: RankCompanyValuation (B)Country 1SpaceX$350 United States 2OpenAI$300 United States 3ByteDance$220 China 4Ant Group$150 China 5Reliance Retail$100 India 6xAI$70 United States 7Shein$66 China 8Stripe$65 United States 9Databricks$62 United States 10Anthropic$62 United States 11Reliance Jio$58 India 12Revolut$45 United Kingdom 13Waymo$45 United States 14Checkout.com$40 United Kingdom 15JUUL$38 United States 16Canva$32 Australia 17Safe Superintelligence$32 United States 18Fanatics$31 United States 19Anduril Industries$31 United States 20Cruise$30 United States 21Alibaba Bendi Shenghuo Fuwu Gongsi$30 China 22Scale AI$29 United States 23Yangtze Memory Technologies$23 China 24Epic Games$23 United States 25BYJU'S$22 India 26Envision Group$21 China 27J&T Express$20 Indonesia 28FNZ$20 United Kingdom 29ChangXin Memory Technologies$19 China 30JD Digits$18 China Texas-based SpaceX is expected to see $15.5 billion in revenue in 2025, according to a founder Elon Musk. Driving the majority of revenue is its satellite business Starlink, which includes clients such as United Airlines, Deere, and the U.S. government. This year, Starlink is estimated to bring in $12.3 billion in revenue while NASA is set to drive $1.1 billion in space exploration contracts. OpenAI ranks second globally with a $300 billion valuation. So far in 2025, it has reportedly doubled its annualized revenue to $12 billion, driven by its global user base of 700 million weekly active users. With a $220 billion valuation, TikTok-parent ByteDance follows next. This year, the company expects revenue to grow 20% to $186 billion, hovering close to Meta’s projected $187 billion revenue estimates in 2025. Learn More on the Voronoi App To learn more about this topic from a global perspective, check out this graphic on the world’s fastest growing jobs by 2030.

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Visualizing Africa’s Battery Storage Pipeline

See this visualization first on the Voronoi app. Visualizing Africa’s Battery Storage Pipeline This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources. Key Takeaways Battery Energy Storage Systems (BESS) store electricity to stabilize the power grid and provide backup power. South Africa dominates Africa’s planned battery storage capacity. Nearly 600 million people in Africa lack access to electricity, and the continent’s population is projected to double between 2050 and 2070. This growing demand underscores the urgent need for scalable, reliable energy solutions. As Africa transforms its power infrastructure, utility-scale batteries such as Battery Energy Storage Systems (BESS) are becoming essential. These technologies help stabilize energy supply, manage the intermittency of renewables, and support off-grid systems critical to expanding access. This visualization highlights the continent’s battery storage pipeline, including projects that are operational, under construction, or in planning. It reveals both leading players and emerging markets in Africa’s energy storage landscape. The data for this visualization comes from Rho Motion. It captures utility-scale battery storage projects across Africa as of June 2025, with projections through 2030. South Africa Leads by a Wide Margin With a total proposed capacity of 11 GWh, South Africa is far ahead of other African countries in deploying battery storage. Its pipeline includes 4 operational systems, 7 under construction, and 19 more in development. Egypt and Morocco represent the next wave of battery storage growth, with 3 GWh in proposed capacity each. Both nations are investing in solar and wind infrastructure, and storage helps smooth their integration into national grids. Egypt already has projects operational and under construction, showing more near-term readiness. CountryOperationalUnder ConstructionPipelineTotal South Africa471930 Egypt1157 Morocco0044 Senegal0123 Nigeria1023 Mauritius1012 Malawi1012 Togo0011 Ghana0011 DR Congo0011 Botswana0011 Angola0011 Other100818 Meanwhile, countries like Nigeria, Senegal, Ghana, and the Democratic Republic of the Congo have smaller but notable footprints. Most have total storage pipelines under 3 GWh, with smaller-scale projects crucial for powering remote communities and testing new energy business models across Africa. Learn More on the Voronoi App If you enjoyed today’s post, check out Visualizing China’s Battery Recycling Dominance on Voronoi, the new app from Visual Capitalist.

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Boeing 737: American Made but Globally Sourced

See this visualization first on the Voronoi app. View the full-sized graphic Boeing 737: American Made but Globally Sourced This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources. Key Takeaways Although Boeing assembles the 737 in the U.S., its components are sourced from over 20 countries across six continents. Critical systems like avionics, engines, and landing gear rely heavily on suppliers in Europe and Asia. Rising tariffs or protectionist policies could significantly disrupt Boeing’s finely tuned global supply chain. The Boeing 737 is often seen as a symbol of American aerospace excellence. But peel back the fuselage and you’ll discover a much more intricate story—one of international collaboration, supply chain complexity, and global interdependence. The aircraft’s thousands of components are sourced from at least two dozen countries and multiple continents. While Boeing leads final assembly in the United States, the company relies on global partners to provide specialized parts ranging from titanium forgings in Italy to cabin seating in Japan. This global sourcing strategy, visualized by Julie Peasley and based on data from Air Framer, demonstrates the immense complexity of modern aircraft manufacturing. Here’s a breakdown of key parts in the Boeing 737 and their country of origin: CountryAircraft component for Boeing 737 AustraliaWing ailerons AustriaBlended winglets and split winglets BelgiumEngine compressors, oil tank, pump, filter, and valve BelgiumFlap/slat mechanisms CanadaCommunication antennas CanadaAirborne communication systems CanadaWing tip panels CanadaWheel well fairings CanadaAircraft doors CanadaCabin curtains CanadaPower transmission torque tube drives CanadaInner barrel for engine nacelle inlet CanadaNose landing gear assemblies (titanium components) CanadaElectromagnetic indicators and annunciators CanadaWinglet and wing components ChinaForward entry door ChinaRudder ChinaFlight deck panels ChinaCarbon brake disks ChinaInterior completion of cabin ChinaVertical fin ChinaAft fuselage section ChinaAircraft landing gear FranceWing assembly FranceBearings FranceInflight entertainment FranceEngine electrical wire harnesses FranceTitianium/aluminum structural components FrancePiston rings FranceThrust reversers FranceAutothrottle system FranceElectrical power contactor FranceEngine hydromechanical fuel pumps FranceWheels FranceEmergency locator transmitter FranceCockpit door surveillance cameras FranceStructural bulkhead FranceStandby flight display FranceLimit and proximity switches FranceFasteners GermanyCorrosion protecting coatings GermanyCabin exit signs GermanyPassenger Seating GermanyCabin galley and stowage bins GermanyCargo sliding carpet system GermanyWinglet lightning harness GermanyCabin pressure control system GermanyFuselage anti-collision lights GermanyDoor locks and latches GermanyIce protection equipment GermanyWindow seals GermanyForgings, castings and extrusions IndiaVertical fin structures IndiaWire harnesses IndiaStrut assemblies IsraelCargo and passenger doors IsraelMetal parts and structures IsraelWheel well panels IsraelAluminum and steel for winglet ItalyTitanium forgings ItalyRotor blades and stator vane JapanInboard flaps and flap segment JapanPassenger Seating JapanLavatory equipment LatviaArm caps for economy class seats MalaysiaAirframe saddle fairing MoroccoWire harnesses NetherlandsGalleys, closets, class dividers NetherlandsElectrical wiring, wire harnesses, junction boxes NetherlandsLaminates for various components NorwayTurbine engine vanes and casings RussiaTitanium South AfricaVacuum-formed cockpit and cabin assemblies South AfricaPrecision machined interior linings South KoreaLower door skin, inner skin cover detail South KoreaElectronic equipment door South KoreaEmpennage (737 MAX) South KoreaInterior bulkheads South KoreaFlap support fairing and winglet South KoreaRear wing spar and jackscrew SpainFlight control surfaces SpainRudder SpainSheet metal bending and milling SwedenEngine gearbox bearings SwedenAC/humidity control SwitzerlandAirborne vibration monitor TaiwanMain landing gear door TaiwanPressurized doors TaiwanEngine case TurkeyRear fuselage and tail surfaces TurkeyFlight deck panels TurkeyWing tips TurkeyStructural components TurkeyCabin cabinets TurkeyEngine fan cowls UKThrust reverser actuator UKFlight control actuators UKBlended winglets UKWing flaps structural ribs and substructures UKEngine sensors, and monitoring UKNacelle inlet lip skins UKCockpit voice recorder and flight data recorder UKExtended range auxiliary fuel tank UKCockpit indicators and switches UKTires UKElectrical static dischargers UKAircrew seats and gear drives UKAirborne communication antenna UKEmergency lighting floorpath system UKFlight deck entry video surveillance system UKEmergency locator beacon UKJet engine rings UKAnti-spall windshields UKPacking and filling material Why Build a Jet Like This? Commercial aircraft contain millions of precision parts, many made from exotic alloys or advanced composites. No single country holds all that know‑how. Russia’s VSMPO‑AVISMA, for instance, remains the world’s dominant source of aerospace‑grade titanium—a metal prized for its strength‑to‑weight ratio and corrosion resistance. By tapping specialized suppliers, Boeing keeps costs competitive, earns reciprocal market access abroad, and balances political risk by spreading production across multiple jurisdictions. Risks of Tariffs and Protectionism However, this level of globalization exposes manufacturers to geopolitical and economic risks. According to Reuters, aerospace firms have lobbied hard to preserve tariff-free agreements between the U.S. and EU. Even temporary tariffs in past disputes have disrupted delivery schedules and increased costs. Analysis from Harvard Business School points to rising protectionism as a major threat to supply chain stability. As governments reevaluate trade policies, the world’s major aircraft companies may be forced to rethink their international sourcing models—a costly and complex endeavor. Learn More on the Voronoi App Discover more insights about Boeing’s diversified business beyond commercial planes in this related post on Voronoi: Boeing’s Business Is Much More Than Just Commercial Planes.

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Mapped: Real GDP Growth by State in Q1 2025

See this visualization first on the Voronoi app. Use This Visualization Mapped: Real GDP Growth by State in Q1 2025 This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources. Key Takeaways South Carolina (+1.7%) led the nation in real GDP growth, driven primarily by gains in real estate and rental and leasing. Iowa and Nebraska saw the steepest declines (-6.1% each), largely due to downturns in agriculture along with forestry, fishing, and hunting. Overall the U.S. economy contracted by 0.5%, with 39 states posting declines. The first quarter of 2025 saw a challenging start for the U.S. economy. Nationally, real GDP contracted by 0.5%, marking a slowdown from the previous quarter’s modest growth. Only 10 states posted positive economic growth, while the majority experienced declines across major industries. Sharp regional differences are noticeable with some areas buoyed by service-sector gains and others hit hard by downturns in agriculture and manufacturing. The Bureau of Economic Analysis data highlights which states weathered early-2025’s economic turbulence and which were most negatively affected. Southern States Show Resilience in Q1 GDP Growth The Southeast region outperformed much of the country, with Florida (+1.4%), Alabama (+1.0%), and South Carolina (+1.7%) leading growth. The data table below details quarterly changes in real GDP for all 50 states and the District of Columbia, measured at an annualized rate. State/RegionReal GDP Change in Q1 2025 South Carolina1.7% Florida1.4% Alabama1.0% Arkansas0.8% North Carolina0.8% Mississippi0.7% Utah0.5% Pennsylvania0.3% Southeast region0.3% Michigan0.2% Georgia0.1% Delaware0.0% District of Columbia0.0% New Hampshire-0.1% Ohio-0.1% Texas-0.1% Rhode Island-0.2% California-0.2% Vermont-0.3% Southwest region-0.3% Far West region-0.3% Hawaii-0.3% Colorado-0.4% Washington-0.4% Mideast region-0.5% Maryland-0.5% Virginia-0.5% Arizona-0.5% Indiana-0.6% Wisconsin-0.6% Rocky Mountain region-0.6% New York-0.7% New England region-0.8% Great Lakes region-0.8% Connecticut-0.9% Massachusetts-0.9% New Jersey-1.0% Kentucky-1.0% Idaho-1.1% Nevada-1.1% Maine-1.2% Tennessee-1.2% Oregon-1.5% Oklahoma-1.6% North Dakota-1.7% Louisiana-1.7% Missouri-1.8% Alaska-1.8% New Mexico-2.1% Illinois-2.2% West Virginia-2.3% Minnesota-2.4% South Dakota-2.7% Wyoming-3.1% Plains region-3.3% Kansas-3.3% Montana-4.4% Iowa-6.1% Nebraska-6.1% Gains were largely driven by real estate, rental, and leasing sectors, along with steady consumer spending. South Carolina, in particular, saw the highest growth rate in the nation, continuing a trend of strong post-pandemic expansion in the state’s economy. Agriculture-Heavy States See GDP Decline The Plains region faced significant contraction, with Iowa and Nebraska each recording -6.1% GDP declines. These steep drops were linked to downturns in agriculture, forestry, fishing, and hunting, which remain central to these states’ economies. Drought conditions and weaker commodity prices may have amplified the slowdown. Montana (-4.4%) and Wyoming (-3.1%) also posted sharp declines. Mixed Results in Manufacturing Hubs Manufacturing-heavy states in the Great Lakes saw varied results. Michigan managed a slight increase (+0.2%) thanks to gains in auto production and related industries. In contrast, Illinois (-2.2%) and Minnesota (-2.4%) saw contractions, reflecting weaker demand and supply chain adjustments. Nationwide, goods-producing industries struggled compared to service-based sectors. Learn More on the Voronoi App To learn more about the U.S. economy and its changes, check out U.S. Business Growth by Industry Since 2019 on Voronoi, the new app from Visual Capitalist.

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Late to the Ladder: The Rise in First-Time Home Buyers’ Age

Published 7 hours ago on August 18, 2025 By Jenna Ross Graphics & Design Amy Realey Twitter Facebook LinkedIn Reddit Pinterest Email The following content is sponsored by Terzo The Rising Age of First-Time Home Buyers Key Takeaways The median age of first-time home buyers has been rising over time. In 2024, the median age hit 38, the oldest ever recorded. Low housing supply, high costs, and savings struggles have all contributed to the slower start to home ownership. Buying a home for the first time is a milestone many associate with adulthood. But for today’s first-time home buyers, that goal keeps slipping further into the future. This Markets in a Minute graphic, created in partnership with Terzo, shows how the age at which people in the U.S. buy their first home has been climbing over time. Later to the Property Ladder Using data from the National Association of Realtors (NAR), we explore how the median age of first-time home buyers has changed from 2010 to 2024.  In 2010, the median age was 30, little changed from NAR’s first records of age 29 in 1981. However, the last 15 years have seen quite a shift. YearMedian Age of First-Time Home Buyers 201030 201131 201231 201331 201431 201531 201632 201732 201832 201933 202033 202133 202236 202335 202438 Source: National Association of Realtors By 2024, people buying homes are much older, hitting a record of 38. The share of first-time home buyers on the market also dropped from 32% to 24%. Challenges for First-Time Home Buyers Many are arriving late to the property ladder—and for good reason. The first few rungs have become harder to reach, or in some cases, feel entirely broken.  High home prices and elevated mortgage rates have made homes much less affordable, especially with limited housing inventory. Incomes also haven’t been keeping up with rising home costs, with the price-to-income ratio climbing from 3.5 in 1985 to 5.0 in 2025.  On top of this, many say high rent, student loans, credit card debt, and car loans are hurdles to saving for a down payment. A New Financial Profile for Beginner Homeowners Today’s first-time home buyers are climbing a ladder with steeper steps and fewer footholds. As a result, they tend to be older and wealthier before taking the first step. The typical first-time buyer now earns around $97,000 annually, a jump of $26,000 since 2022. In some states, the income needed to buy a home is much higher—as high as $229,000 in Hawaii. When it comes to a down payment, people buying homes for the first time put down 9% on average. While the bulk use savings for down payments, a quarter of newbie buyers used loans or gifts from friends and family.  Have financial goals for your business? Use Terzo’s AI-powered financial platform to track your company’s spending and stay on course. More from Terzo Markets2 weeks ago Unpacking Real Estate Ownership by Generation (1991 vs. 2025) The Silent Generation’s share of real estate has dropped dramatically as people age, but how have Baby Boomers, Gen X, and Millennials fared? Business3 weeks ago America’s Economic Engines: The Biggest Industry in Every State Real estate is the biggest industry by GDP in 26 states. Find out why it dominates—and what fuels the rest of the country. Maps1 month ago Mapped: Manufacturing as a Share of GDP, by U.S. State Tariffs are rising to boost American-made goods. Which states gain the most—and least—from manufacturing today? Technology2 months ago Profit Powerhouses: Ranking The Top 10 U.S. Companies by Net Income Collectively, the ten most profitable U.S. companies have a net income of $684 billion—more than the entire GDP of Belgium. Money2 months ago Millionaire Hubs: Mapping the World’s Wealthiest Cities New York City has the highest millionaire population globally. Which other cities attract the world’s wealthiest? Economy2 months ago Tomorrow’s Growth: GDP Projections in Key Economies The global economy is expected to have slighter slower growth going forward. Which countries are on track to have the biggest GDP increases? Money3 months ago Mapped: Interest Rates by Country in 2025 The U.S. has kept their target rate the same at 4.25-4.50%. What do interest rates look like in other countries amid economic uncertainty? Markets4 months ago U.S. Housing Prices: Which States Are Booming or Cooling? The national housing market saw a 4.5% rise in house prices. This graphic reveals which states had high price growth, and which didn’t. Investor Education5 months ago The Silent Thief: How Inflation Erodes Investment Gains If you held a $1,000 investment from 1975-2024, this chart shows how the inflation rate can drastically reduce the value of your money. Politics5 months ago Trade Tug of War: America’s Largest Trade Deficits Trump cites trade deficits—the U.S. importing more than it exports—as one reason for tariffs. Which countries represent the largest deficits? Subscribe Please enable JavaScript in your browser to complete this form.Join the 375,000+ subscribers who receive our daily email *Sign Up

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Ranked: The Most Cited Websites by AI Models

See this visualization first on the Voronoi app. Use This Visualization Ranked: The Most Cited Websites by AI Models This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data‑driven charts from a variety of trusted sources. Key Takeaways According to an analysis by Semrush, LLMs like ChatGPT reference Reddit and Wikipedia the most for facts For geographical data, LLMs frequently cite Mapbox and OpenStreetMap Where do large-language models (LLMs) like ChatGPT go to source factual information? In this infographic, we rank the most cited websites by AI, based on a June 2025 analysis of over 150,000 LLM citations. It reveals how heavily chatbots rely on user-generated content, raising questions about the blind spots of today’s top AI tools. Data & Discussion The data for this visualization comes from Semrush. It shows how frequently AI models cite different domains when providing information, as of June 2025. RankDomainCitation frequency 1reddit.com40.1% 2wikipedia.org26.3% 3youtube.com23.5% 4google.com23.3% 5yelp.com21.0% 6facebook.com20.0% 7amazon.com18.7% 8tripadvisor.com12.5% 9mapbox.com11.3% 10openstreetmap.com11.3% 11instagram.com10.9% 12mapquest.com9.8% 13walmart.com9.3% 14ebay.com7.7% 15linkedin.com5.9% 16quora.com4.6% 17homedepot.com4.6% 18yahoo.com4.4% 19target.com4.3% 20pinterest.com4.2% Risks of Relying on User‑Generated Content Reddit leads the list with a citation frequency of 40.1%, followed by Wikipedia at 26.3%. This highlights how often LLMs lean on open-forum discussions and community-maintained content. These domains offer a wealth of user-generated knowledge, but their open editing nature raises concerns about accuracy and bias. The high reliance signals that AI may amplify whatever narratives are most visible or popularly discussed—even if not always verified. For example, users have reported that ChatGPT has suggested they purify their water with bleach, or even mix it with vinegar (this creates poisonous chlorine gas). We summarize three major risks of relying on user-generated content below: Misinformation and rumor propagation: Since content isn’t always moderated by domain experts, AI can inadvertently repeat incorrect or biased statements. Echo-chamber amplification: Popular yet unverified narratives may get repeated if they gain traction, masking less visible but more accurate sources. Lack of authority: Especially for consequential topics (health, law, finance), user‑generated sites lack the editorial oversight required for reliable guidance. Learn More on the Voronoi App If you enjoyed today’s post, check out How 21 Countries View Artificial Intelligence on Voronoi, the new app from Visual Capitalist.

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Visualized: Every Country’s Richest Billionaire in 2025

See this visualization first on the Voronoi app. Use This Visualization Visualized: Every Country’s Richest Billionaire in 2025 This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources. Key Takeaways Elon Musk’s $342 billion net worth in the U.S. eclipses the combined wealth of the richest billionaires on whole continents like Africa. Meanwhile, Bernard Arnault would be the next richest billionaire from another country, with only about half of Elon Musk’s fortune. Not all billionaires are created equally. And nothing showcases that better by lining up the richest billionaire in every country and seeing how the size of their already massive fortunes differ. The data comes from Forbes, which estimated net worth as of March 7th, 2025. Elon Musk: A Billionaire’s Billionaire At $342 billion, Elon Musk’s fortune in the U.S. dwarfs all others. CountryRegionRichest BillionaireNet Worth U.S.North AmericaElon Musk$342.0B MexicoNorth AmericaCarlos Slim Helu & family$82.5B CanadaNorth AmericaChangpeng Zhao$62.9B FranceEuropeBernard Arnault & family$178.0B SpainEuropeAmancio Ortega$124.0B AlbaniaEuropeSamir Mane$1.4B AustriaEuropeMark Mateschitz$40.6B BelgiumEuropeEric Wittouck$9.0B BulgariaEuropeGeorgi Domuschiev$2.7B BulgariaEuropeKiril Domuschiev$2.7B CroatiaEuropeVasily Anisimov$2.1B Czech RepublicEuropeRenata Kellnerova & family$18.2B CyprusEuropeJohn Fredriksen$17.0B DenmarkEuropeAnders Holch Povlsen$12.8B EstoniaEuropeKristo Käärmann$2.3B FinlandEuropeAntti Herlin$3.7B GermanyEuropeDieter Schwarz$41.0B GreeceEuropeMaria Angelicoussis$7.6B GuernseyEuropeStephen Lansdown$3.0B HungaryEuropeLorinc Meszaros$3.6B IcelandEuropeThor Bjorgolfsson$1.0B IrelandEuropeJohn Collison$10.1B IrelandEuropePatrick Collison$10.1B ItalyEuropeGiovanni Ferrero$38.2B LiechtensteinEuropeChristoph Zeller$1.3B LuxembourgEuropeMichael Gans & family$1.2B MonacoEuropeStefano Pessina$6.0B NetherlandsEuropeCharlene de Carvalho-Heineken & family$14.4B NorwayEuropeTorstein Hagen$10.3B PolandEuropeMichal Solowow$13.1B PortugalEuropeMaria Fernanda Amorim & family$5.9B RomaniaEuropeIon Stoica$2.5B RomaniaEuropeMatei Zaharia$2.5B RussiaEuropeVagit Alekperov$28.7B SlovakiaEuropeJaroslav Hascak & family$2.0B SwedenEuropeStefan Persson$18.6B SwitzerlandEuropeGianluigi Aponte$37.7B SwitzerlandEuropeRafaela Aponte-Diamant$37.7B UkraineEuropeRinat Akhmetov$7.9B UKEuropeMichael Platt$18.8B IndiaAsiaMukesh Ambani$92.5B ChinaAsiaZhang Yiming$65.5B ArmeniaAsiaRuben Vardanyan & family$1.2B GeorgiaAsiaMikhail Lomtadze$5.9B Hong KongAsiaLi Ka-shing$38.9B IndonesiaAsiaLow Tuck Kwong$27.3B IsraelAsiaEyal Ofer$28.2B JapanAsiaTadashi Yanai & family$45.1B KazakhstanAsiaVyacheslav Kim$7.1B LebanonAsiaNajib Mikati$3.1B LebanonAsiaTaha Mikati$3.1B MalaysiaAsiaRobert Kuok$12.1B NepalAsiaBinod Chaudhary$2.0B OmanAsiaP.N.C. Menon$3.4B PhilippinesAsiaManuel Villar$17.2B QatarAsiaHamad bin Jassim bin Jaber Al Thani$3.9B Saudi ArabiaAsiaPrince Alwaleed Bin Talal Alsaud$16.5B SingaporeAsiaGoh Cheng Liang$13.0B South KoreaAsiaCho Jung-ho$8.4B TaiwanAsiaBarry Lam$11.7B ThailandAsiaDhanin Chearavanont$15.2B TurkeyAsiaMurat Ulker$5.5B United Arab EmiratesAsiaPavel Durov$17.1B VietnamAsiaPham Nhat Vuong$6.5B NigeriaAfricaAliko Dangote$23.9B South AfricaAfricaJohann Rupert & family$14.0B AlgeriaAfricaIssad Rebrab & family$3.0B EgyptAfricaNassef Sawiris$9.6B EswatiniAfricaNathan Kirsh$7.3B MoroccoAfricaOthman Benjelloun & family$1.6B MoroccoAfricaAnas Sefrioui & family$1.6B TanzaniaAfricaMohammed Dewji$2.2B ZimbabweAfricaStrive Masiyiwa$1.2B BarbadosCentral AmericaRihanna$1.4B BelizeCentral AmericaKenneth Dart$9.0B St. Kitts and NevisCentral AmericaJustin Sun$8.5B AustraliaOceaniaGina Rinehart$29.3B New ZealandOceaniaGraeme Hart$9.3B BrazilSouth AmericaEduardo Saverin$34.5B ChileSouth AmericaIris Fontbona & family$28.1B ArgentinaSouth AmericaMarcos Galperin$8.0B ColombiaSouth AmericaJaime Gilinski Bacal$10.7B ColombiaSouth AmericaDavid Velez & family$10.7B PeruSouth AmericaEduardo Hochschild$2.4B VenezuelaSouth AmericaJuan Carlos Escotet$7.4B Note: This list is sorted by the richest two billionaires in each region, followed by country names alphabetically. The net worth labels are condensed to be readable, however they do not sort numerically. His net worth is nearly double that of Bernard Arnault of France, the next-richest person from a different country at $178 billion. In fact, Musk’s wealth surpasses the combined total of Africa’s richest billionaires, underscoring the vast concentration of wealth in tech-driven industries. For further context, Musk trailed Arnault at around this time last year. A bumper year for Tesla stock has significantly grown Musk’s fortune. It’s also worth remembering that Arnault is actually ranked fifth on the overall richest people list, with other Americans, Mark Zuckerberg, Jeff Bezos, and Larry Ellison all out-billionaire-ing him. The Richest Billionaire in Every Continent Asia’s richest man is India’s Mukesh Ambani, with $92.5 billion, fueled by his conglomerate Reliance Industries. In Europe, the aforementioned Bernard Arnault leads, followed by Spain’s Amancio Ortega at $124 billion. Brazil’s Eduardo Saverin (best-known as Facebook’s co-founder) is the richest in South America with $34.5 billion. Meanwhile, in Africa, Nigeria’s Aliko Dangote tops the list with $23.9 billion, thanks largely to his cement empire. Some countries feature surprising household names, like Rihanna in Barbados with $1.4 billion. Others have lower-profile but highly influential figures, such as Pavel Durov in the UAE at $17.1 billion from his tech ventures. Wealth Gaps Across Continents While the disparity in general wealth ownership in stark, then the disparity between the richest individuals across countries is equally unfathomable. Several billionaires hold under $2 billion in net worth, like Thor Bjorgolfsson of Iceland, while others surpass $100 billion. This spread reflects differences in economic scale, market opportunities, and the role of industries in generating massive fortunes. Interestingly, many of the top fortunes are concentrated in consumer goods, tech, and finance, pointing to sectors with the highest potential for wealth creation in the 21st century. Learn More on the Voronoi App If you enjoyed today’s post, check out China’s Richest Billionaires on Voronoi, the new app from Visual Capitalist.

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Mapped: Renewable Electricity’s Share Across Europe

See this visualization first on the Voronoi app. Use This Visualization Mapped: Renewable Electricity’s Share Across Europe This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources. Key Takeaways The EU generates around 42% of its electricity from renewable sources Albania and Norway are nearly 100% powered by renewables, followed by Denmark at 88.6% Kosovo, Malta, and Moldova have the lowest share of renewables in electricity generation Europe’s transition to clean energy is well underway, with renewables making up an increasing share of electricity generation in many countries. However, within the European continent, the share of renewables in electricity generation varies widely from country to country, ranging from as high as 99% to less than 10% in some countries. This graphic maps European countries by the share of their net electricity generation coming from renewable sources, using data from Eurostat. The figures include electricity generated from wind, solar, hydropower, geothermal, and biofuels. Europe’s Renewable Energy Transition As of December 2024, the European Union (EU) derived nearly 42% of its net electricity from renewable sources, with wind and hydropower playing key roles in the overall mix. Here’s the full breakdown of renewables’ share of electricity generation across 38 European countries: CountryShare of net electricity generation from renewable sources Albania 99.3% Norway 99.1% Denmark 88.6% Luxembourg 87.4% Portugal 78.6% Lithuania 75.8% Sweden 73.1% Croatia 67.6% Latvia 65.1% Austria 63.9% Estonia 63.2% Montenegro 63.2% Finland 58.7% Georgia 58.5% Ireland 54.1% Germany 52.0% Spain 48.2% Netherlands 45.9% Bosnia and Herzegovina 42.8% Romania 42.4% Greece 41.9% European Union 41.7% Italy 38.0% Türkiye 36.3% North Macedonia 33.8% Belgium 32.3% Serbia 27.0% Poland 25.4% France 24.6% Slovenia 23.4% Cyprus 18.1% Bulgaria 17.1% Hungary 15.5% Slovakia 15.3% Czechia 13.0% Moldova 12.2% Malta 9.4% Kosovo 8.8% Albania leads, generating over 99% of its electricity from renewables, predominantly hydropower. Similarly, Norway also generates almost all of its electricity from renewables, with 89% of it coming from hydropower alone. Denmark ranks third, with wind energy playing a key role in its renewable and overall electricity generation. Overall, the leading countries for renewable electricity are geographically distributed across Eastern and Western Europe. However, fossil fuels also remain central to the grid in parts of Central and Eastern Europe. At the lowest extreme of the spectrum, Kosovo still generates the vast majority of its power from coal, gas, or oil, with renewables making up just 8.8% of the total. Malta (9.4%) and Moldova (12.4%) follow, along with Czechia (13%), as the top countries with the lowest share of renewables in electricity generation. Europe’s Clean Energy Goals The EU has set a binding target of at least a 42.5% share of renewables in its overall energy mix (including electricity, heating, cooling, and other types of energy) by 2030, while aiming for a 45% share. This is more than double the current share of 19.5%, based on the latest available data from 2023. In support of these goals, the EU has launched various initiatives for clean energy financing, including funding for offshore renewables and billions of euros in investments under the EU Green Deal. Learn More on the Voronoi App If you enjoyed today’s post, check out How the EU Generates its Electricity in 2025 on Voronoi, the app from Visual Capitalist.

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Timeline: When Will One Big Beautiful Bill Programs Take Effect?

Key Takeaways The One Big Beautiful Bill (OBBB) introduces sweeping tax, immigration, and social program changes, many of which are phased in over several years. Key provisions start in 2025, but major tax and assistance program changes will roll out gradually until at least 2028. The bill contains both expansions and restrictions—some boosting benefits like the Child Tax Credit, others tightening eligibility for programs like SNAP and Medicaid. Signed into law in 2025, the One Big Beautiful Bill is a flagship policy package intended to reshape U.S. tax policy, immigration enforcement, student loan programs, and government assistance over the next decade. According to USAFacts, the OBBB’s changes are designed to both stimulate growth and reduce spending—depending on the program in question. Much like the rollout of earlier landmark legislation such as the Tax Cuts and Jobs Act, OBBB’s provisions are staggered, meaning their real-world effects will emerge slowly over time. The graphic below, by USAFacts, is a full timeline of policy rollouts: In 2025, high-visibility tax changes like the new EV tax credit and the elimination of the home improvement energy credit take effect. The same year, several deductions, such as No-Tax-on-Tips and No-Tax-on-Overtime, come into play. Notably, expansions to the Child Tax Credit and the standard deduction will impact millions, while restrictions on SNAP and Medicaid programs loom on the horizon. By 2027, the midterm election year, new limits on itemized deductions and Social Security number requirements for the Child Tax Credit will be in place. Meanwhile, expansions like the SALT cap lift and FEMA funding boost aim to offset some restrictions elsewhere. Beyond Taxes: Loans, Assistance, and Immigration The bill also reshapes the student loan landscape, ending certain income-driven repayment plans and hardship deferments by 2025, but introducing caps and repayment assistance plans in later years. In immigration policy, OBBB increases funding for ICE and CBP while introducing fees for work permits and asylum applications. This reflects a broader theme in the bill: pairing expansions of enforcement and certain tax breaks with tightened eligibility and new user fees in other areas. Long-Term Impacts and Political Timing Because many of OBBB’s provisions activate in politically sensitive years—2027’s midterms and 2029’s general elections—implementation may become a flashpoint in future debates. Historical precedent shows such sweeping policy changes can influence electoral outcomes, as seen in prior administrations’ major legislative pushes (more on early-term executive actions here). Learn More on the Voronoi App Check out What’s in President Trump’s 2026 budget proposal? to see how future spending priorities align—or clash—with OBBB’s long rollout.

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