See more visuals like this on the Voronoi app. Use This Visualization The Industries Most Reliant on Immigrant Workers See visuals like this from many other data creators on our Voronoi app. Download it for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources. Key Takeaways Immigrants in developed countries are far more concentrated in hospitality, administrative services, and construction roles. Native-born workers dominate public-sector, health, and manufacturing jobs. Immigrants play a crucial role in the labor markets of developed countries, yet their employment patterns differ significantly from native-born workers. This visualization breaks down where foreign-born workers tend to work across OECD economies. The data for this visualization comes from the OECD’s International Migration Outlook 2025. It measures the share of foreign-born and native-born workers by industry across several developed countries. Industries Where Immigrants Are Most Concentrated Hospitality and administrative services stand out with the highest immigrant share—over 16% in accommodation and food, and 17% in administrative service activities. These sectors often rely on flexible and seasonal labor, making them entry points for newcomers. Construction also shows a modest immigrant concentration, reflecting long-term demand for skilled and semi-skilled labor. Together, these industries highlight where migration most visibly supports economic activity. IndustryForeign-born (%)Native-born (%)Difference (percentage points) Accommodation and Food16.55.211.3 Administrative Service Activities17.26.510.7 Agriculture4.62.91.7 Construction8.67.61.1 Other Service Activities2.92.70.2 Arts, Entertainment and Recreation1.61.40.1 Real Estate Activities0.80.9-0.2 Mining and Quarrying0.30.5-0.2 Information and Communication2.83-0.2 Water Supply0.20.5-0.3 Electricity, Gas and Steam0.10.5-0.4 Professional Activities4.95.6-0.7 Transportation and Storage4.35.3-1 Education4.25.3-1.2 Financial and Insurance Activities1.13.2-2.2 Wholesale and Retail Trade11.515-3.5 Health6.310-3.7 Public Administration and Defense3.69.3-5.7 Manufacturing8.614.4-5.8 Industries Dominated by Native-Born Workers Public administration, health, and manufacturing show the widest gaps in favor of native-born workers. These fields typically require domestic credentials, security clearances, or lengthy training pipelines. Manufacturing also faces long-standing workforce shortages, yet remains far less accessible to immigrant workers at entry. The result is a structural divide that limits immigrant participation in some of the largest employment sectors. Neutral or Balanced Sectors A handful of industries like real estate, arts and entertainment, and other service activities show almost no difference between foreign- and native-born representation. These sectors may offer more flexible entry paths or a mix of small-business and freelance roles. Learn More on the Voronoi App If you enjoyed today’s post, check out Ranked: U.S. Job Cuts by Industry in 2025 on Voronoi, the app from Visual Capitalist.

Ranked: AI Competitiveness by Country Key Takeaways The U.S. leads global AI competitiveness by a wide margin, with China and India following. This ranking reflects not just R&D output, but economic strength, policy engagement and public awareness of AI. Smaller high‑income countries like Singapore and UAE outperform many larger economies relative to their size. The infographic above, created by Iswardi Ishak, uses data from Stanford University’s Global AI Vibrancy Tool, which aggregates dozens of indicators of national AI performance, from research output and investment to talent attraction and governance frameworks. Here’s how the world’s most AI‑competitive countries rank: RankCountryAI Vibrancy Score 1 United States78.6 2 China36.95 3 India21.59 4 South Korea17.24 5 United Kingdom16.64 6 Singapore16.43 7 Spain16.37 8 UAE16.06 9 Japan16.04 10 Canada15.56 11 Switzerland14.86 12 Luxembourg14.73 13 France14.63 14 Israel14.26 15 Germany13.15 16 Brazil12.74 17 Ireland12.49 18 Finland12.27 19 Saudi Arabia12.1 20 Portugal12.07 21 Denmark11.97 22 Netherlands11.58 23 Belgium11.36 24 Australia11.21 25 Sweden11.11 26 Malaysia11.05 27 Italy10.68 28 Russia10.67 29 Austria10.62 30 Norway10.19 At the top of the list is the United States, ahead by a significant margin. China comes in second with strong research and patent activity, while India’s rapidly growing tech ecosystem and large talent pools land it firmly in third place. Economies like South Korea, the U.K., Singapore, and Spain also score highly, highlighting how a variety of national strategies—such as Singapore’s regulatory sandbox approach or Spain’s public-sector AI adoption—can accelerate AI progress even in smaller economies. What Is the AI Vibrancy Tool? Stanford University’s Global AI Vibrancy Tool is a comprehensive dashboard designed to measure and compare how “vibrant” a country’s AI ecosystem is. Rather than focusing on a single metric, the tool uses 42 indicators across 8 pillars including research, economic competitiveness, infrastructure, policy & governance, and public opinion. This composite score helps show where innovation and talent are concentrated, and where gaps are emerging. The approach is intentionally multidimensional, blending traditional measures such as R&D output with policy engagement and responsible AI adoption. Why the U.S. and China Lead The United States tops the ranking thanks to its dominance in private investment, academic research, and AI startup activity. Its homegrown tech giants and prolific research institutions drive a significant share of global AI innovation. China follows, buoyed by rapid growth in AI publications, patent filings, and large‑scale deployment of AI technologies across industries. Despite trailing the U.S. in some areas, China continues to close the gap in model development and research output. India’s placement reflects its expanding AI talent base and robust digital ecosystem, although it still faces challenges scaling research infrastructure to match global leaders. External analyses similarly show rising engagement from Indian AI researchers and policymakers. Emerging and Regional Players Beyond the top three, many smaller but wealthy countries perform well relative to their size. Nations like Singapore and the U.K. benefit from supportive policy frameworks, strong human capital, and vibrant tech sectors. These factors help them punch above their weight in a landscape increasingly shaped by global competition.

See more visuals like this on the Voronoi app. Use This Visualization Mapped: U.S. States With the Most Data Centers in 2025 See visuals like this from many other data creators on our Voronoi app. Download it for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources. Key Takeaways Virginia dominates U.S. data center infrastructure with more than 600 facilities. Network effects, cheap power, and cloud hyperscaler clusters make Northern Virginia the world’s most critical internet hub. As AI and other technologies accelerate, data centers have become increasingly important to today’s digital economy. In the U.S., the distribution of these facilities is far from even, with a few key states emerging as global powerhouses of digital infrastructure. This map highlights where these clusters have formed and why certain states—especially Virginia and Texas—have become magnets for hyperscale growth. The data for this visualization comes from Datacentermap.com. Virginia: The World’s Digital Capital With 665 data centers, Virginia hosts the largest concentration of digital infrastructure on the planet. Northern Virginia hosts massive deployments from all major hyperscalers, including AWS, Microsoft Azure, Google Cloud, Meta, Oracle Cloud. Today, dense fiber networks, reliable power, and fast permitting make Virginia nearly impossible to replicate as a data center region. RankStateData Centers 1Virginia665 2Texas413 3California321 4Illinois244 5Ohio203 6Arizona164 7Georgia163 8New York142 9Oregon137 10Washington134 11Florida126 12North Carolina110 13Iowa105 14Pennsylvania101 15New Jersey82 16Minnesota81 17Indiana79 18Nevada62 19Connecticut61 20Colorado60 20Tennessee60 22Michigan58 23Missouri55 24Massachusetts49 25Wisconsin47 26Maryland44 26Utah44 28Nebraska39 29Kentucky37 29Oklahoma37 31South Carolina30 32Montana27 33Alabama26 34Louisiana23 35New Mexico22 35North Dakota22 37Delaware19 37Kansas19 39Wyoming15 40Idaho10 40Mississippi10 40New Hampshire10 43Hawaii9 44Maine8 45District of Columbia7 45Rhode Island7 45West Virginia7 48Arkansas6 49South Dakota5 50Alaska4 51Vermont3 Texas and California Anchor Regional Growth Texas ranks second with 413 data centers, driven by abundant land, competitive electricity costs, and major cloud deployments in Dallas, Austin, and San Antonio. Its flexible grid and fast construction timelines continue to attract hyperscale expansions. California follows with 321 facilities, supported by long-standing tech ecosystems in Silicon Valley and strong enterprise demand. While power constraints limit new mega-projects, the state remains a key node for mission-critical data infrastructure. Midwestern and Western States Build Strategic Clusters States like Illinois, Ohio, Oregon, and Washington have become important secondary hubs. Illinois benefits from Chicago’s role as a central U.S. interconnection point, while Ohio has emerged as a major cloud region thanks to available land and stable power. Oregon and Washington contribute strong renewable energy potential and cooler climates that help reduce cooling costs. Learn More on the Voronoi App If you enjoyed today’s post, check out The Soaring Revenues of AI Companies (2023–2025) on Voronoi, the new app from Visual Capitalist.

See more visualizations like this on the Voronoi app. Use This Visualization Visualized: Average Monthly Salary in Major Global Cities See visuals like this from many other data creators on our Voronoi app. Download it for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources. Average pay can look wildly different depending on where you live in the world—and it’s not just about job titles. This visualization compares average monthly salaries across 69 major cities worldwide in 2025, and maps out the five-year cumulative changes since 2020, using data from Numbeo via Deutsche Bank. Data & Discussion A key note on methodology: Numbeo’s underlying inputs are primarily crowdsourced, with a smaller share (

See more visuals like this on the Voronoi app. Use This Visualization The Countries With the Largest Offline Populations See visuals like this from many other data creators on our Voronoi app. Download it for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources. Key Takeaways India alone has more offline people than the entire population of the U.S. and Canada combined. Sub-Saharan Africa has some of the world’s highest offline population shares, often exceeding 70%. Even as global internet adoption climbs, hundreds of millions of people remain offline. Access varies widely across regions, shaped by affordability, infrastructure, language barriers, and digital literacy. This visualization ranks countries with the largest unconnected populations, revealing where the digital divide is most persistent. The gaps are especially notable in fast-growing economies where connectivity has not kept pace with population increases. Largest Offline Populations, Ranked The data comes from the We Are Social: Digital 2026 Global Overview Report. It lists the number of individuals without internet access and compares those figures to total national populations. India Leads by Sheer Scale India leads the world in unconnected populations, with over 440 million people still offline. Strong mobile broadband growth has improved access, but the nation’s massive population base means that a 30% offline share still produces an exceptionally large number of disconnected users. This single nation has more offline individuals than the entire population of the U.S. and Canada combined. RankCountryIndividuals Without Internet Access% OfflinePopulation 1 India440,123,00030.0%1,467,076,667 2 Pakistan139,387,00054.4%256,226,103 3 Nigeria130,044,00054.5%238,612,844 4 China118,883,0008.4%1,415,273,810 5 Ethiopia106,774,00078.3%136,365,262 6 Bangladesh93,415,00053.0%176,254,717 7 Congo (DRC)78,986,00069.5%113,648,921 8 Indonesia55,823,00019.5%286,271,795 9 Tanzania50,397,00070.9%71,081,805 10 Uganda40,341,00078.0%51,719,231 Sub-Saharan Africa Shows the Highest Offline Rates Countries like Ethiopia, Tanzania, and Uganda have offline shares between 70% and 80%. These high ratios reflect limited broadband infrastructure, lower device penetration, and higher data costs relative to income. Even in Nigeria and the Democratic Republic of the Congo—two of Africa’s largest economies—more than half of the population remains offline. Asia’s Mixed Connectivity Landscape While China and Indonesia have large offline populations in absolute terms, their offline rates are substantially lower. China’s rate of just 8.4% reflects mature broadband development and widespread smartphone adoption. Indonesia’s connectivity has improved rapidly, but 55 million people remain unconnected due to geographic fragmentation across thousands of islands. Meanwhile, Pakistan and Bangladesh face mid-range connectivity, with offline shares above 50% despite expanding mobile networks. Learn More on the Voronoi App If you enjoyed today’s post, check out Ranked: The Top Factors That Build AI Trust on Voronoi, the new app from Visual Capitalist.

See more visuals like this on the Voronoi app. Use This Visualization Ranked: U.S. States With the Most Low-Wage Workers See visuals like this from many other data creators on our Voronoi app. Download it for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources. Key Takeaways Nationwide, 30% of workers, about 45.2 million people, earn less than $20 per hour. Texas has the largest number of low-wage workers at 5.1 million. Mississippi has the highest share of low-wage workers at 52%. The District of Columbia has the lowest share and number of low-wage workers, at just 11% and 41,000 workers, respectively. Low-wage work remains widespread across the United States. Even as the labor market continues to expand, wage gains have been uneven, leaving millions of workers earning less than $20 per hour, which is roughly $41,600 annually before taxes for full-time work. This infographic ranks U.S. states by the share of low-wage workers earning less than $20 per hour, using data from the Economic Policy Institute as of July 2025. Low-Wage Workforce by State Nationally, three in 10 workers, or 45.2 million people, fall below the $20-per-hour mark. However, this distribution varies widely by state. The table below shows the full ranking of states by the share and number of workers earning less than $20 per hour: StateShare of workers below $20/hrNumber of workers below $20/hr Texas38%5,089,000 California24%4,002,000 Florida38%3,481,000 New York26%2,152,000 North Carolina40%1,828,000 Pennsylvania30%1,696,000 Georgia37%1,662,000 Illinois29%1,641,000 Ohio32%1,627,000 Michigan33%1,437,000 Indiana36%1,108,000 New Jersey26%1,052,000 Virginia27%1,033,000 Tennessee34%1,007,000 Missouri37%1,005,000 Arizona31%963,000 South Carolina37%824,000 Alabama39%821,000 Wisconsin29%808,000 Louisiana45%781,000 Kentucky41%739,000 Oklahoma42%735,000 Minnesota25%659,000 Washington19%639,000 Maryland22%630,000 Massachusetts18%605,000 Mississippi52%581,000 Colorado21%553,000 Iowa37%547,000 Arkansas43%541,000 Nevada36%511,000 Utah33%511,000 Kansas35%474,000 Oregon23%416,000 Connecticut23%380,000 New Mexico41%352,000 Idaho36%311,000 Nebraska32%298,000 West Virginia43%293,000 Hawaii32%181,000 Maine29%171,000 New Hampshire24%161,000 Montana31%144,000 South Dakota32%137,000 Delaware30%135,000 Rhode Island26%131,000 North Dakota28%103,000 Wyoming38%92,000 Vermont23%67,000 Alaska20%61,000 District of Columbia11%41,000 Texas tops the list in terms of the number of low-wage workers with nearly 5.1 million people below the $20-per-hour mark. California, the most populous state, follows with around 4 million workers, along with Florida (3.5 million) and New York (2.2 million). Meanwhile, Mississippi leads in terms of the share of low-wage workers, with 52% of the state’s workers earning under $20 per hour. Other Southern states also rank high, including Louisiana (45%), Arkansas (43%), West Virginia (43%), and Kentucky (41%). In contrast, the District of Columbia has the lowest share of low-wage workers at 11%, along with Washington (19%) and Massachusetts (18%). These states tend to have a larger share of workers employed in high-paying industries like professional services, health, and information (IT) as compared to states with more low-wage workers. Minimum Wage in the U.S. The U.S. federal minimum wage has remained at $7.25 per hour since 2009. Adjusted for inflation, that wage now has significantly less purchasing power, making it even lower in real terms. While more than half of U.S. states have enacted higher local minimum wages, the federal standard still applies in states without their own wage laws, many of which appear at the top of the low-wage workforce rankings. The Raise the Wage Act, which proposes lifting the federal minimum wage to $17 over five years, has been introduced repeatedly since 2017 but has yet to pass. Learn More on the Voronoi App If you enjoyed today’s post, see this graphic on Average Salary by State in the U.S. on Voronoi.

See more visuals like this on the Voronoi app. Use This Visualization Mapped: Gas Prices by State in 2025 See visuals like this from many other data creators on our Voronoi app. Download it for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources. Key Takeaways California has the highest average gas price in the U.S. at $4.59 per gallon, while increases were most pronounced in Oregon, Alaska, and Idaho. Average statewide gas prices come from AAA for November 25, 2025. Gas prices across the United States show significant variation heading into late 2025. While national averages remain relatively stable, regional differences highlight the impact of taxes, supply constraints, and transportation costs. This map visualizes the average price for a gallon of regular gasoline in every state. The data for this visualization comes from AAA via SmartAsset. West Coast Prices Remain the Highest California once again leads the nation with an average gas price of $4.59 per gallon, maintaining its long-held position at the top due to higher taxes and strict fuel standards. RankStatePrice per gallon 1California$4.59 2Hawaii$4.44 3Washington$4.19 4Oregon$3.82 5Nevada$3.78 6Alaska$3.72 7Arizona$3.35 8Idaho$3.27 9Pennsylvania$3.26 10Illinois$3.23 11Utah$3.15 12New York$3.15 13Vermont$3.13 14Connecticut$3.09 15Florida$3.08 16Michigan$3.07 17Massachusetts$3.05 18Maine$3.04 19New Jersey$3.03 20Rhode Island$3.02 21Maryland$3.02 22Montana$3.00 23Delaware$2.99 24West Virginia$2.96 25New Hampshire$2.96 26Minnesota$2.91 27Virginia$2.90 28Indiana$2.87 29Georgia$2.86 30Wyoming$2.85 31Ohio$2.82 32New Mexico$2.82 33North Carolina$2.79 34North Dakota$2.79 35South Dakota$2.78 36Nebraska$2.76 37Iowa$2.75 38South Carolina$2.73 39Wisconsin$2.73 40Missouri$2.71 41Kansas$2.70 42Alabama$2.70 43Kentucky$2.68 44Texas$2.65 45Tennessee$2.65 46Colorado$2.65 47Arkansas$2.64 48Louisiana$2.62 49Mississippi$2.60 50Oklahoma$2.50 -- Average$3.04 Hawaii and Washington follow closely, both remaining above $4 per gallon. These elevated prices reflect a combination of geographic isolation, environmental regulations, and limited refining capacity. As a result, the West Coast continues to be the most expensive region for drivers. Sharpest Price Increases Occurred in the Northwest States like Oregon, Alaska, and Idaho experienced the steepest year-over-year increases from 2024 to 2025. Oregon’s price of $3.82 highlights rising supply costs and tighter fuel inventories in the region. Alaska and Idaho saw similar dynamics, driven by transportation constraints and seasonal demand. Southern and Mountain West States See Relief In contrast, many Southern and Mountain West states recorded modest declines in gas prices. Oklahoma now has the lowest statewide average at $2.50 per gallon, followed by Mississippi and Louisiana. Lower taxes, abundant refining infrastructure, and shorter transport routes all contribute to these reduced prices. Learn More on the Voronoi App If you enjoyed today’s post, check out Where U.S. wages are Keeping Ahead of Inflation on Voronoi, the new app from Visual Capitalist.

See more visuals like this on the Voronoi app. Use This Visualization Why Homes Feel Pricier: U.S. House Prices vs. Income, 1985–2025 See visuals like this from many other data creators on our Voronoi app. Download it for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources. Key Takeaways Since 1985, U.S. median household income rose roughly 255% while median house prices surged more than 415%. The widening gap helps explain why affordability challenges remain even during periods of income growth. This infographic compares the growth of U.S. household income against median house prices over nearly four decades. While incomes have steadily climbed, housing costs have accelerated at a much faster pace. This creates a growing disconnect between what households earn and what homes cost. The result is a long-term shift in affordability that affects buyers across income levels. The data for this visualization comes from FRED and Motio Research. It tracks nominal median household income alongside the median sales price of U.S. homes from 1985 to 2025. The Early Years: A Manageable Gap In 1985, the median home cost around $82,800 while the median household earned $23,620. That meant a home was roughly 3.5 times annual income. By 1990, home prices had risen faster than incomes but still remained within a range accessible to many middle-class buyers. Analyzing the entire period, America’s price-to-income ratio swung from a modest 3.5 to peaks above 5.0, reflecting housing costs rising significantly faster than household incomes over time. YearHousehold IncomeMedian House PricesPrice-to-Income Ratio 1985$23,620$82,8003.5 1990$28,838$123,9004.3 1995$32,140$130,0004.0 2000$40,551$165,3004.1 2005$44,097$232,5005.3 2010$49,578$222,9004.5 2015$53,600$289,2005.4 2020$68,400$329,0004.8 2025$83,730$426,8005.1 The 2000s Housing Boom and Its Aftermath By 2005, home prices jumped to $232,500, more than five times median household income. After the 2008 crisis, prices briefly dipped, but incomes did not rise quickly enough to close the gap. The Pandemic Era: A Surge in Prices From 2020 to 2024, the affordability gap widened significantly. While median income grew from $68,400 to $83,730, home prices climbed from $329,000 to $426,800. Low interest rates, remote work, and supply shortages accelerated demand during the pandemic. Even as rates later rose, high prices remained sticky. The gap between American home prices and incomes is especially worse in coastal U.S. cities. Notably, the median home price in LA is 12.5 times the median annual household income. This ratio stands at 10.5 in San Jose and 9.8 in New York on the East Coast. Learn More on the Voronoi App If you enjoyed today’s post, check out The United States of Unemployment on Voronoi, the new app from Visual Capitalist.

See more visualizations like this on the Voronoi app. Use This Visualization Ranked: The Number of Births by Country in 2025 See visuals like this from many other data creators on our Voronoi app. Download it for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources. Key Takeaways In 2025, Nigeria is projected to have more births than all of Europe combined, reaching an estimated 7.6 million. India is expected to drive 17% of global births, with nearly 23.1 million babies born this year. How does the number of births by country today highlight shifting global demographic patterns? This year, India is expected to record 23.1 million births, more than double the number in China. In contrast, Europe’s total births will reach just 6.3 million, illustrating the continent’s deepening fertility crisis. This graphic shows the projected number of babies born by country, based on data from the UN’s World Population Prospects 2024 via Our World in Data. A Closer Look at the Number of Births by Country Below, we show the countries driving global births in 2025: RankCountryEstimated Number of Births 2025 1 India23,073,268 2 China8,709,352 3 Nigeria7,640,590 4 Pakistan6,909,545 5 Democratic Republic of Congo4,559,718 6 Indonesia4,440,838 7 Ethiopia4,176,742 8 United States3,663,798 9 Bangladesh3,441,259 10 Brazil2,528,724 11 Egypt2,450,027 12 Tanzania2,419,272 13 Mexico2,003,673 14 Philippines1,845,745 15 Uganda1,734,565 16 Sudan1,656,421 17 Kenya1,540,813 18 Afghanistan1,507,838 19 Angola1,429,803 20 Yemen1,401,358 21 Vietnam1,328,422 22 Mozambique1,304,409 23 Russia1,241,824 24 Iraq1,187,570 25 South Africa1,175,749 26 Niger1,138,168 27 Iran1,125,230 28 Turkey1,053,303 29 Madagascar1,023,320 30 Côte d'Ivoire1,017,551 31 Mali987,043 32 Cameroon980,661 33 Uzbekistan911,213 34 Chad907,325 35 Ghana897,874 36 Myanmar888,309 37 Algeria855,432 38 Somalia822,215 39 Japan748,163 40 Burkina Faso741,692 41 Zambia708,934 42 Germany707,972 43 Colombia692,792 44 Malawi685,330 45 United Kingdom680,076 46 France634,528 47 Morocco619,057 48 Syria601,433 49 Thailand572,371 50 Saudi Arabia564,878 51 Nepal551,647 52 Senegal547,717 53 Peru535,695 54 Argentina508,067 55 Zimbabwe500,731 56 Guinea494,546 57 Benin489,564 58 Burundi468,720 59 Malaysia439,747 60 Venezuela436,134 61 Rwanda404,109 62 Kazakhstan395,033 63 Italy382,523 64 Guatemala380,110 65 Canada361,103 66 South Sudan357,711 67 Cambodia354,622 68 North Korea334,881 69 Spain330,044 70 Sri Lanka318,489 71 Australia304,326 72 Poland297,389 73 Togo296,051 74 Ecuador267,665 75 Tajikistan264,517 76 Bolivia261,486 77 Sierra Leone260,288 78 Haiti257,433 79 Papua New Guinea256,974 80 Central African Republic250,088 81 South Korea245,858 82 Honduras234,594 83 Jordan232,046 84 Ukraine220,203 85 Dominican Republic199,014 86 Congo195,536 87 Mauritania178,900 88 Romania178,474 89 Netherlands174,210 90 Liberia173,467 91 Israel171,390 92 Chile170,383 93 Laos161,375 94 Tunisia160,508 95 Turkmenistan152,636 96 Kyrgyzstan149,483 97 Palestine 144,890 98 Paraguay135,786 99 Nicaragua131,804 100 Taiwan125,322 101 Libya120,174 102 Azerbaijan120,097 103 United Arab Emirates114,046 104 Eritrea103,276 105 Belgium101,192 106 El Salvador97,874 107 Sweden97,002 108 Cuba93,499 109 Lebanon92,538 110 Oman90,129 111 Czechia86,926 112 Portugal85,660 113 Hungary84,300 114 Gambia82,555 115 Switzerland81,819 116 Namibia78,688 117 Austria75,378 118 Panama71,610 119 Gabon69,096 120 Greece68,148 121 Guinea-Bissau65,468 122 Belarus62,332 123 Mongolia61,431 124 Botswana61,186 125 Bulgaria60,380 126 Denmark59,225 127 New Zealand58,491 128 Serbia58,142 129 Equatorial Guinea57,351 130 Lesotho55,434 131 Norway52,978 132 Ireland52,616 133 Costa Rica50,630 134 Singapore49,843 135 Slovakia49,631 136 Kuwait48,755 137 Finland43,926 138 Georgia42,089 139 Armenia34,934 140 Uruguay32,993 141 Jamaica31,837 142 Moldova31,009 143 Croatia30,995 144 East Timor30,643 145 Qatar29,934 146 Eswatini29,208 147 Albania27,433 148 Comoros24,525 149 Djibouti24,481 150 Bosnia and Herzegovina24,258 151 Solomon Islands22,160 152 Lithuania22,099 153 Bahrain19,599 154 Kosovo 19,558 155 Puerto Rico19,087 156 Slovenia17,209 157 Fiji16,446 158 North Macedonia16,313 159 Guyana16,301 160 Trinidad and Tobago15,536 161 Cyprus13,952 162 Latvia13,706 163 Mauritius11,408 164 Suriname10,856 165 Estonia10,605 166 Bhutan9,836 167 Vanuatu9,119 168 Western Sahara 9,032 169 French Guiana7,594 170 Belize7,518 171 Montenegro6,969 172 Luxembourg6,948 173 Sao Tome and Principe6,688 174 Cape Verde6,364 175 Brunei6,062 176 Maldives5,403 177 Samoa5,400 178 Iceland4,367 179 Bahamas4,300 180 Malta4,231 181 New Caledonia 4,068 182 Kiribati3,385 183 Barbados3,121 184 Micronesia2,517 185 Tonga2,365 186 Saint Lucia1,985 187 Seychelles1,772 188 Grenada1,319 189 Saint Vincent and the Grenadines1,179 190 Antigua and Barbuda1,091 191 Greenland738 192 Marshall Islands715 193 Dominica713 194 Andorra568 195 Saint Kitts and Nevis538 196 Liechtenstein371 197 Monaco369 198 Nauru289 199 Tuvalu201 200 San Marino194 201 Palau186 Even as fertility rates have fallen from around 5 children per woman in 1970, on average, to about 2 in 2025, India is expected to account for 17% of global births this year. Yet across the world’s most populous country, fertility rates vary widely by region. Across roughly 31 states, fertility rates are below replacement level, prompting pronatalist policies. China ranks second, with an estimated 8.7 million births in 2025. Today, it has one of the world’s lowest fertility rates, averaging 1 birth per woman—down from more than 6 in 1970. As we can see, Nigeria follows next with 7.6 million births, a figure set to rise to 8.1 million by 2050. Over this same period, it is expected to overtake the U.S. and become the world’s third most populous country. Learn More on the Voronoi App To learn more about this topic, check out this graphic that breaks down where babies are born each hour around the world.

See more visualizations like this on the Voronoi app. Use This Visualization Ranked: Real GDP Growth per Capita of the Top 50 Economies (2000-2025) See visuals like this from many other data creators on our Voronoi app. Download it for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources. Key Takeaways The top five countries in real GDP per capita growth since 2000 are Asian economies: China (518%), Vietnam (266%), India (235%), Bangladesh (208%), and Kazakhstan (183%). Countries in Eastern Europe follow (Romania 180%, Poland 150%), as they experienced rapid catch-up growth and converged towards developed economy living standards. The past quarter-century has reshaped the global economic landscape, with massive gains in living standards across emerging Asia and parts of Eastern Europe. Real GDP per capita growth highlights how quickly countries have expanded economic output per person—one of the clearest long-term indicators of rising prosperity. This visualization ranks the top 50 economies in GDP terms by real GDP per capita growth since 2000 using data from the International Monetary Fund, and shows where living standards have improved the most. Data & Discussion The data for this ranking uses constant prices, which remove inflation, and purchasing power parity (PPP) in 2021 international dollars, which adjusts for differences in cost of living. Together, these methods show real changes in wealth that are not distorted by currency swings or price-level differences between countries. The data table below shows the top 50 global economies by GDP in 2025, ranked by real GDP per capita growth since 2000 along with their real GDP per capita value in 2025: RankCountryReal GDP per Capita Growth (2000-2025)Real GDP per Capita 2025 1 China518%$25,035 2 Vietnam266%$15,170 3 India235%$10,378 4 Bangladesh208%$8,797 5 Kazakhstan183%$38,402 6 Romania180%$41,893 7 Poland150%$47,461 8 Türkiye146%$37,552 9 Indonesia142%$15,123 10 Ireland139%$126,823 11 Taiwan132%$73,007 12 Philippines126%$11,080 13 South Korea111%$55,814 14 Russia109%$42,065 15 Peru107%$16,278 16 Malaysia106%$37,448 17 Singapore97%$134,620 18 Thailand94%$22,606 19 Colombia74%$19,207 20 Hong Kong71%$67,682 21 Chile71%$30,262 22 Czechia67%$51,331 23 Egypt67%$18,661 24 Iran52%$18,416 25 Pakistan45%$5,960 26 Israel43%$47,826 27 Brazil43%$19,991 28 United States40%$76,842 29 Australia33%$61,261 30 Sweden30%$62,666 31 Saudi Arabia28%$64,037 32 Netherlands27%$72,070 33 Belgium26%$65,078 34 Denmark25%$72,694 35 Germany24%$63,081 36 Spain23%$48,788 37 Switzerland23%$83,755 38 United Kingdom22%$54,681 39 Portugal21%$42,669 40 Finland20%$57,042 41 Japan20%$47,011 42 Argentina19%$26,853 43 France19%$56,655 44 Austria19%$64,195 45 Norway18%$91,503 46 Canada18%$56,174 47 South Africa17%$13,765 48 Mexico7%$22,101 49 Italy6%$54,138 50 United Arab Emirates-27%$72,386 Among the top performers, China leads with a 518% increase in real GDP per capita, followed by Vietnam (266%), India (235%), Bangladesh (208%), and Kazakhstan (183%). These economies experienced rapid industrialization, export-driven growth, and significant structural transformation over the past 25 years. Asia’s Boom in Real GDP per Capita (2000-2025) Asia dominates the top of the ranking, with the five fastest growing economies on a real GDP per capita basis, and holding 14 of the top 20 spots. China’s rise stands out above all other countries, with real GDP per capita reaching $25,035 in 2025, up 518% from just $4,050 since 2000. Vietnam (266%) and Bangladesh (208%) also show substantial gains as they developed competitive manufacturing sectors and integrated more deeply into global trade networks. India’s 235% growth highlights the benefits of economic liberalization, demographic momentum, and expanding services industries. Together, these four Asian economies have reshaped global growth and trade since 2000, accounting for a large share of the rise in world output during the 21st century. Eastern Europe’s Catch-Up Growth Several Eastern European countries show strong convergence toward Western European living standards. Romania’s real GDP per capita grew 180% from 2000 to 2025, while Poland grew 150%. Both of these countries more than doubled their GDP per capita to reach over $41,893. Czechia is another European country that showed high levels of growth since 2000 at 67%, lifting its GDP per capita from $30,700 to $51,331. EU accession (2004 for Czechia and Poland, and 2007 for Romania), increased investment, and productivity gains fueled this 25-year catch-up phase for these three countries. UAE’s GDP per Capita Decline Driven by Population Surge Not all of the world’s 50 largest economies in terms of GDP saw gains in real GDP per capita since 2000. The United Arab Emirates experienced a decline in real GDP per capita, falling from about $99,000 in 2000 to $72,386 in 2025. This was primarily driven by a rapid increase in population, which surged from 3.5 million in 2000 to 11.35 million by 2025. With economic output spread across a much larger population, real GDP per person decreased even as total economic activity expanded. Learn More on the Voronoi App To learn more about 20 of the world’s largest economies, check out this graphic which shows annual inflation rates across the G20 as of October 2025.

See more visualizations like this on the Voronoi app. Use This Visualization Ranked: Real GDP Growth per Capita of the Top 50 Economies (2000-2025) See visuals like this from many other data creators on our Voronoi app. Download it for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources. Key Takeaways The top five countries in real GDP per capita growth since 2000 are Asian economies: China (518%), Vietnam (266%), India (235%), Bangladesh (208%), and Kazakhstan (183%). Countries in Eastern Europe follow (Romania 180%, Poland 150%), as they experienced rapid catch-up growth and converged towards developed economy living standards. The past quarter-century has reshaped the global economic landscape, with massive gains in living standards across emerging Asia and parts of Eastern Europe. Real GDP per capita growth highlights how quickly countries have expanded economic output per person—one of the clearest long-term indicators of rising prosperity. This visualization ranks the top 50 economies in GDP terms by real GDP per capita growth since 2000 using data from the International Monetary Fund, and shows where living standards have improved the most. Data & Discussion The data for this ranking uses constant prices, which remove inflation, and purchasing power parity (PPP) in 2021 international dollars, which adjusts for differences in cost of living. Together, these methods show real changes in wealth that are not distorted by currency swings or price-level differences between countries. The data table below shows the top 50 global economies by GDP in 2025, ranked by real GDP per capita growth since 2000 along with their real GDP per capita value in 2025: RankCountryReal GDP per Capita Growth (2000-2025)Real GDP per Capita 2025 1 China518%$25,035 2 Vietnam266%$15,170 3 India235%$10,378 4 Bangladesh208%$8,797 5 Kazakhstan183%$38,402 6 Romania180%$41,893 7 Poland150%$47,461 8 Türkiye146%$37,552 9 Indonesia142%$15,123 10 Ireland139%$126,823 11 Taiwan132%$73,007 12 Philippines126%$11,080 13 South Korea111%$55,814 14 Russia109%$42,065 15 Peru107%$16,278 16 Malaysia106%$37,448 17 Singapore97%$134,620 18 Thailand94%$22,606 19 Colombia74%$19,207 20 Hong Kong71%$67,682 21 Chile71%$30,262 22 Czechia67%$51,331 23 Egypt67%$18,661 24 Iran52%$18,416 25 Pakistan45%$5,960 26 Israel43%$47,826 27 Brazil43%$19,991 28 United States40%$76,842 29 Australia33%$61,261 30 Sweden30%$62,666 31 Saudi Arabia28%$64,037 32 Netherlands27%$72,070 33 Belgium26%$65,078 34 Denmark25%$72,694 35 Germany24%$63,081 36 Spain23%$48,788 37 Switzerland23%$83,755 38 United Kingdom22%$54,681 39 Portugal21%$42,669 40 Finland20%$57,042 41 Japan20%$47,011 42 Argentina19%$26,853 43 France19%$56,655 44 Austria19%$64,195 45 Norway18%$91,503 46 Canada18%$56,174 47 South Africa17%$13,765 48 Mexico7%$22,101 49 Italy6%$54,138 50 United Arab Emirates-27%$72,386 Among the top performers, China leads with a 518% increase in real GDP per capita, followed by Vietnam (266%), India (235%), Bangladesh (208%), and Kazakhstan (183%). These economies experienced rapid industrialization, export-driven growth, and significant structural transformation over the past 25 years. Asia’s Boom in Real GDP per Capita (2000-2025) Asia dominates the top of the ranking, with the five fastest growing economies on a real GDP per capita basis, and holding 14 of the top 20 spots. China’s rise stands out above all other countries, with real GDP per capita reaching $25,035 in 2025, up 518% from just $4,050 since 2000. Vietnam (266%) and Bangladesh (208%) also show substantial gains as they developed competitive manufacturing sectors and integrated more deeply into global trade networks. India’s 235% growth highlights the benefits of economic liberalization, demographic momentum, and expanding services industries. Together, these four Asian economies have reshaped global growth and trade since 2000, accounting for a large share of the rise in world output during the 21st century. Eastern Europe’s Catch-Up Growth Several Eastern European countries show strong convergence toward Western European living standards. Romania’s real GDP per capita grew 180% from 2000 to 2025, while Poland grew 150%. Both of these countries more than doubled their GDP per capita to reach over $41,893. Czechia is another European country that showed high levels of growth since 2000 at 67%, lifting its GDP per capita from $30,700 to $51,331. EU accession (2004 for Czechia and Poland, and 2007 for Romania), increased investment, and productivity gains fueled this 25-year catch-up phase for these three countries. UAE’s GDP per Capita Decline Driven by Population Surge Not all of the world’s 50 largest economies in terms of GDP saw gains in real GDP per capita since 2000. The United Arab Emirates experienced a decline in real GDP per capita, falling from about $99,000 in 2000 to $72,386 in 2025. This was primarily driven by a rapid increase in population, which surged from 3.5 million in 2000 to 11.35 million by 2025. With economic output spread across a much larger population, real GDP per person decreased even as total economic activity expanded. Learn More on the Voronoi App To learn more about 20 of the world’s largest economies, check out this graphic which shows annual inflation rates across the G20 as of October 2025.

See more visuals like this on the Voronoi app. Use This Visualization The World’s Top Resource Giants: Ranked by Wealth per Capita See visuals like this from many other data creators on our Voronoi app. Download it for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources. Key Takeaways Saudi Arabia leads with nearly $1 million in natural resources per person, far ahead of other prominent resource-rich nations. Large populations push China and the U.S. to the bottom of the top 10 despite their large total reserves. How many dollars of natural resource wealth do the world’s leading countries have per person? This ranking breaks it down, based on numbers from the 10 countries with the highest natural resources value (Statista) divided by 2025 population figures (Worldometer). Resource values are based on 2021 estimates. Saudi Arabia Dominates Per-Capita Resource Wealth Saudi Arabia tops the ranking with almost $1 million in natural resources for every resident. The country’s vast oil reserves remain its economic backbone, and low population density amplifies its per-person total. Even compared to other resource-rich countries, the gap is striking—Saudi Arabia’s per-capita figure is roughly 12 times higher than that of the United States. RankCountryPopulationNatural Resource ValueResources per Capita 1 Saudi Arabia34.6M$34T$984,000 2 Canada40.1M$33T$822,000 3 Australia27.5M$20T$727,000 4 Russia144.0M$75T$521,000 5 Venezuela30.5M$14T$459,000 6 Iraq47.0M$16T$340,000 7 Iran92.4M$27T$292,000 8 United States347.3M$45T$130,000 9 Brazil212.8M$22T$103,000 10 China1.42B$23T$16,000 Canada and Australia Follow, Powered by Energy and Minerals Canada and Australia place second and third, each surpassing $700,000 per person in natural resources. Canada’s value is driven by oil sands, timber, and mineral reserves, while Australia benefits from iron ore, coal, and natural gas exports. Both nations combine large landmasses with relatively modest populations, creating an outsized per-capita advantage. Large Populations Reduce Per-Capita Wealth in Major Economies China and the United States hold enormous natural resource totals but fall to the bottom of the top 10 once population is factored in. China has more than 1.4 billion people, reducing its per-capita figure to just over $16,000. The U.S., despite a $45 trillion resource valuation, ranks eighth because its population dilutes the per-person share. Learn More on the Voronoi App  If you enjoyed this graphic, make sure to check out this graphic that shows how global coal consumption is still rising.

See more visuals like this on the Voronoi app. Use This Visualization Visualized: The Global Distribution of Wealth See visuals like this from many other data creators on our Voronoi app. Download it for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources. Key Takeaways Just 1.6% of adults worldwide hold nearly 48% of global wealth. Almost 3.1 billion adults, or 82% of the world’s adult population, control just 12.7% of total wealth. The bottom wealth tier, for those in the $0-$10k wealth bracket, represents 1.55 billion adults but only 0.6% of global wealth. The world got richer in 2024, with global personal wealth growing by 4.6%. However, the distribution of that wealth remains uneven. At the top of the global wealth pyramid sits a small elite holding nearly half of the world’s assets, while billions of people in lower tiers own only a sliver of global wealth. This infographic uses data from UBS’ latest Global Wealth Report to break down the global wealth pyramid by number of people and the share and amount of wealth they hold. The Data on Wealth Distribution UBS segments the world’s 3.8 billion adults into four wealth tiers, ranging from those with less than $10,000 to those with more than $1 million, who lie at the top of the global wealth pyramid. The table below shows how wealth is distributed globally between these four tiers of adults: Wealth Band (USD)Number of Adults% of AdultsTotal Wealth (USD)% of Wealth >$1 million60 million1.6%$226.47 trillion48.1% $100k – $1 million628 million16.4%$184.51 trillion39.2% $10k – $100k1.57 billion41.3%$56.82 trillion12.1% $100 billion150.5%$2.35 trillion15.0% $50 billion – $100 billion160.6%$1.15 trillion7.3% $1 billion – $50 billion2,86098.9%$12.17 trillion77.7% Total2,891100.0%$15.67 trillion100.0% Of these, just 15 individuals own more than $100 billion in wealth, while another 16 individuals fall in the $50 billion to $100 billion wealth bracket. The remaining 2,860 billionaires have less than $50 billion in wealth. Learn More on the Voronoi App If you enjoyed this infographic, see this visual on Voronoi The World’s Millionaire Population by Country on Voronoi.

See more visuals like this on the Voronoi app. Use This Visualization Mapped: Average Credit Card Debt by State in 2025 See visuals like this from many other data creators on our Voronoi app. Download it for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources. Key Takeaways The average U.S. credit card balance is $6,523 as of September 2025. Highest balances are in D.C., Alaska, and Hawaii; the lowest are in Wisconsin, Iowa, and West Virginia. U.S. credit card balances have climbed to $1.21 trillion, according to the Federal Reserve Bank of New York’s 2025 report. This map visualizes how average credit card debt varies widely across the United States in 2025. The data for this visualization comes from the TransUnion Credit Industry Snapshot published in September 2025. States with the Highest Balances Washington, D.C. leads the nation with an average balance of $7,684, reflecting high living costs and larger credit lines. StateValue Alaska$7.7K Alabama$6.0K Arkansas$5.8K Arizona$6.7K California$7.0K Colorado$6.9K Connecticut$7.0K District of Columbia$7.7K Delaware$6.6K Florida$7.0K Georgia$7.1K Hawaii$7.3K Iowa$5.3K Idaho$6.1K Illinois$6.4K Indiana$5.5K Kansas$5.9K Kentucky$5.5K Louisiana$6.3K Massachusetts$6.4K Maryland$7.2K Maine$5.8K Michigan$5.8K Minnesota$5.8K Missouri$5.9K Mississippi$5.7K Montana$6.1K North Carolina$6.3K North Dakota$5.8K Nebraska$5.7K New Hampshire$6.4K New Jersey$7.1K New Mexico$6.0K Nevada$7.2K New York$6.7K Ohio$5.7K Oklahoma$6.2K Oregon$6.3K Pennsylvania$6.0K Rhode Island$6.4K South Carolina$6.4K South Dakota$5.7K Tennessee$6.2K Texas$7.0K Utah$6.3K Virginia$7.0K Vermont$5.8K Washington$6.8K Wisconsin$5.2K West Virginia$5.5K Wyoming$6.3K National Average$6.5K Alaska is in second place at $7,683, a trend often linked to higher prices and fewer local retail banking options. Hawaii ranks third at $7,330. Coastal states like California, New Jersey, and Maryland also show above-average balances, consistent with higher incomes but also higher spending. States with the Lowest Balances Wisconsin posts the lowest average balance at $5,206, well below the U.S. average. Iowa and West Virginia follow with balances under $5,500, reflecting more conservative credit usage in these regions. Many low-debt states also report strong payment behavior, with higher percentages of consumers maintaining positive standing on revolving accounts. Credit Lines and Consumer Activity Higher-balance states generally have higher credit lines, such as D.C. at over $34,000 per consumer. Conversely, states with lower average balances often have tighter credit availability, such as Mississippi at just over $19,000. Despite the variation, more than 80% of consumers in nearly all states have active revolving accounts, showing how widespread credit card use remains. Learn More on the Voronoi App If you enjoyed today’s post, check out Ranked: The Cities Americans Are Moving To on Voronoi, the new app from Visual Capitalist.

See more visuals like this on the Voronoi app. Use This Visualization The Top-Performing Sectors Since ChatGPT Launched See visuals like this from many other data creators on our Voronoi app. Download it for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources. Key Takeaways Tech-related sectors have dramatically outperformed the broader market since ChatGPT’s debut, driven by an AI-led investment boom. Nvidia, Broadcom, and other semiconductor-linked firms have seen extraordinary returns, reflecting soaring demand for AI infrastructure. The launch of ChatGPT in late 2022 set off one of the most intense technology investment cycles in decades. Investors shifted capital toward companies and sectors positioned to benefit from AI infrastructure, cloud computing, and digital services. This visualization highlights how each major U.S. equity sector performed from ChatGPT’s debut on November 30, 2022. Nvidia, for instance, climbed over 1,000% as demand for its AI-focused chips skyrocketed. The data for this visualization comes from Deutsche Bank. The AI Boom Rewired Market Leadership Communication Services led all sectors with a 185% return, powered by Meta’s nearly fivefold increase. Information Technology followed at 157%, boosted by chipmakers and cloud providers essential to AI development. RankSectorReturns (2022-2025) 1Communication Services185% 2Information Technology157% 3Consumer Discretionary78% 4Industrials60% 5Financials56% 6Utilities42% 7Healthcare23% 8Real Estate21% 9Consumer Staples20% 10Materials17% 11Energy9% --S&P 50080% Consumer Discretionary also outperformed, helped by digital-first platforms benefiting indirectly from AI-enabled efficiency gains. Together, these results show how the AI wave extended beyond semiconductors to reshape several adjacent industries. Nvidia and Broadcom Stand Out as Market Outliers No companies gained more from the AI surge than semiconductor leaders. Nvidia returned roughly 1,020%, the single largest increase among major U.S. firms. Broadcom rose over 700%, reflecting its dominance in custom AI accelerators and networking hardware. Western Digital and Meta also delivered exceptional returns, nearing or exceeding 500%. Traditional Defensive Sectors Lagged Behind While tech surged, defensive and rate-sensitive sectors grew at a much slower pace. Utilities returned 42%, healthcare 23%, and consumer staples 20%. Materials hovered near the bottom due to higher interest rates and slower industrial demand. Energy posted just 9%, reflecting weaker commodity dynamics. Meanwhile, the S&P 500 returned 80% over the same period. Learn More on the Voronoi App If you enjoyed today’s post, check out Ranked: The Top Factors That Build AI Trust on Voronoi, the new app from Visual Capitalist.

Published 2 hours ago on December 8, 2025 By Jenna Ross Graphics & Design Jennifer West Zack Aboulazm Twitter Facebook LinkedIn Reddit Pinterest Email The following content is sponsored by Terzo Mapped: The Biggest Housing Bubble Risks Globally Key Takeaways Miami has the highest housing bubble risk in 2025, driven by an extreme price-to-rent gap. Tokyo and Zurich also show high risk due to investor demand and low financing costs. Which housing markets could be headed for a correction? In cities like Miami, Zurich, and Tokyo, real estate prices are pushing past what local incomes and rents can justify. Amid these high prices, investors are watching closely for signs of instability. This graphic, created in partnership with Terzo, shows the level of housing bubble risk for major cities globally. It’s part of our Markets in a Minute series, which features quick economic insights for executives. What is a Real Estate Bubble? A “bubble” is a large and long-term mispricing of an asset, which can only be identified in hindsight when the bubble bursts and prices plummet.  UBS examined five factors to gauge bubble risks: Home prices outpace local incomes Home prices rise faster than rents Mortgage lending expands too quickly Construction activity surges City prices far exceed national averages These factors are correlated with previous housing bubbles and help determine risk levels, but they cannot predict if or when a correction will happen. The Top Bubble Risks, Ranked UBS analyzed 21 select cities globally. Miami has the highest bubble risk score. Although price growth has slowed, its price-to-rent ratio is now above 2006 bubble–era levels.  RankCityBubble Risk CategoryBubble Risk Score 1MiamiHigh1.7 2TokyoHigh1.6 3ZurichHigh1.6 4Los AngelesElevated1.1 5DubaiElevated1.1 6AmsterdamElevated1.1 7GenevaElevated1.1 8TorontoModerate0.8 9SydneyModerate0.8 10MadridModerate0.8 11FrankfurtModerate0.8 12VancouverModerate0.8 13MunichModerate0.6 14SingaporeModerate0.6 15Hong KongLow0.4 16LondonLow0.3 17San FranciscoLow0.3 18New YorkLow0.3 19ParisLow0.3 20MilanLow0.0 21São PauloLow-0.1 Source: UBS, data collected through Aug. 28, 2025. Tokyo follows closely, driven by persistent price increases despite only modest rent and income gains.  Zurich rounds out the top three, with property values rising five times faster than incomes over the past decade. The city now has the world’s highest price-to-rent multiple—it would take 43 years of rent to buy an apartment of the same size.  While these cities remain magnets for investment and migration, affordability is stretched thin. In Tokyo and Zurich, sustained investor demand and low financing costs have fueled further appreciation. Year-Over-Year Shifts Some cities have seen notable shifts in risk. Toronto and Hong Kong had the biggest declines in their risk scores, thanks to declining real prices and tighter regulations.  On the other hand, Dubai and Madrid climbed the ranks. Dubai, in particular, has experienced a sharp price rebound alongside robust rent growth. Because prices are still affordable relative to other major global cities, optimistic investors are hoping for strong future returns. Why Housing Bubble Risks Matter For executives and asset managers, these rankings serve as a warning. In cities with high bubble risk, a price correction could sharply reduce the value of real estate holdings. Investors with concentrated exposure to markets like Miami or Zurich may want to reassess their risk profile. Likewise, corporate location planning and real estate strategy may need to adapt. As affordability erodes, workforce retention could suffer as employees move to less pricey areas. Great insights, like these housing bubble risks, start with great data. NirvanAI is an all-in-one AI system that turns your company’s contract data into actionable information. See NirvanAI in action and learn how it helps you make decisions with confidence. More from Terzo Technology6 days ago Ranked: The Top Factors That Build AI Trust Want AI your team will trust? Pull back the curtain on the top factors that make people believe in artificial intelligence. Technology2 weeks ago Ranked: AI Hallucination Rates by Model Find out how common AI hallucination is for leading models, and what that means for the businesses that rely on them. Technology2 weeks ago The Dangers of AI: Visualizing the Top Risks Companies Face Among the dangers of AI, one stands apart as causing trouble for almost a third of companies. What do leaders need to know? Business3 weeks ago Ranked: Which Universities Build the Most Entrepreneurs? Which university has had the most alumni become entrepreneurs in the last decade? Hint: its not Stanford or Harvard. Economy4 weeks ago Mapped: Where Workers Are Supporting the Most Seniors In many advanced economies, the number of retirees is climbing while the working-age population shrinks. What are the countries where workers are supporting the most seniors? Economy1 month ago The United States of Unemployment The national unemployment rate for the U.S. rose to 4.3% in August 2025. But that figure masks vast differences in local labor market health across states. Markets1 month ago Ranked: The Economies Most Dependent on International Trade A trade war has threatened economic ties in 2025. Which economies are most exposed to these shifts in international trade? Economy2 months ago Top Countries Behind U.S. Tariff Revenue Tariff rates vary by country, as does the value of goods each nation exports to the U.S. Which countries contribute the most? Business2 months ago Industries Hiring and Firing the Most Employees As the U.S. labor market cools, which industries are still hiring—and which are cutting back their workforces? Markets2 months ago The $150T Global Debt Market Global debt continues to climb, reaching $150T in Q1 2025. Which countries carry the heaviest burdens? Money3 months ago NEW: Fed Rate Cuts vs. Other G7 Countries How do Fed rate cuts in the U.S. compare with the interest rate changes in other G7 countries, and what does it mean for business? Jobs3 months ago Ranked: The Fastest Growing Jobs (2024-2034) Explore the fastest growing jobs by projected growth rate, plus salary insights, in a rapidly changing job market. Investor Education4 months ago The $127 Trillion Global Stock Market in One Giant Chart This graphic pieces together the $127T global stock market to reveal which countries and regions dominate—and how much equity they control. Personal Finance4 months ago Late to the Ladder: The Rise in First-Time Home Buyers’ Age The median age of first-time home buyers has reached a historic high. See just how long it’s taking people to get on the property ladder. Markets4 months 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? Business4 months 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. Maps5 months 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? Technology5 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. Money6 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? Economy6 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? Money7 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? Markets8 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 Education9 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. Politics9 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 375,000+ email subscribers: *Sign Up

See more visualizations like this on the Voronoi app. Use This Visualization Carbon Emissions by Region 2010-2050P See visuals like this from many other data creators on our Voronoi app. Download it for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources. Key Takeaways Carbon emissions are forecast to decline across Europe, North America, and Asia-Pacific between 2024 and 2050. Africa and the Middle East are projected to see emissions rise significantly over the period, as population growth increases energy demand. By 2050, Europe’s carbon emissions are projected to be 42.9% lower than 2024 levels. Like Europe, Asia-Pacific, and North America are forecast to see emissions decrease over time as populations shrink and green technologies gain wider adoption. This graphic shows carbon emission projections by region, based on data from the IEA. The Global Outlook for Carbon Emissions Below, we show the forecasted change in carbon emissions across global regions: Mt CO₂ (in thousands)201020242050PChange2024-2050P North America6.55.65.1-8.9% Central & South America1.21.21.633.3% Europe4.73.52.0-42.9% Africa1.21.52.246.7% Middle East1.62.33.343.5% Asia Pacific14.420.419.2-5.9% In 2050, global emissions are set to reach 334,000 Mt, decreasing from 34,500 Mt in 2024. Despite the Asia-Pacific region contributing the highest share of emissions, they are projected to fall by nearly 6% over the next 25 years. China, in particular, has rapidly expanded its EV market, along with driving the lion’s share of global clean energy additions in recent years. In North America, carbon emissions are set to decrease nearly 9%. Still, this is far from meeting climate goals. Notably, 92% of new U.S. electricity additions in 2025 and 2026 are from clean sources. In contrast, Africa and the Middle East are projected to see a substantial rise in emissions. With some of the world’s fastest-growing populations, rising energy demand is set to increase emissions by over 40%. However, each region comprises a relatively small share of the global total by 2050. Learn More on the Voronoi App To learn more about this topic, check out this graphic on global carbon emissions by sector.

See more visuals like this on the Voronoi app. Use This Visualization Mapped: The Real Purchasing Power of $100 by U.S. State See visuals like this from many other data creators on our Voronoi app. Download it for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources. Key Takeaways The same amount of cash goes 30% further in Arkansas than it does in California. By looking at the real purchasing power of $100, we can get a sense of how cost of living varies between U.S. states. Is a dollar in your pocket the same in Albuquerque as it is in New York City? The face value may be the same, but in reality that dollar just goes further in certain metro areas and states. Today’s visualization shows the relative value of $100 in each U.S. state. It’s based on data from GOBankingRates, which uses publicly available federal datasets such as those from the U.S. Bureau of Labor Statistics, the U.S. Bureau of Economic Affairs, and the U.S. Census American Consumer Survey to do the calculations. The Data: State-by-State Purchasing Power Below you’ll see how far $100 goes in each state. Included in the dataset is typical home value and annual cost of living to help provide context: RankStateReal Value of $100Typical Home ValueAnnual Cost of Living 1Arkansas$113.49$208,734$37,067 2Mississippi$112.71$176,933$35,580 3South Dakota$111.91$302,023$44,923 4Oklahoma$111.71$205,311$37,697 5Louisiana$111.66$198,094$36,860 6North Dakota$111.43$268,912$42,925 7Iowa$111.23$218,773$39,069 8West Virginia$110.23$163,193$35,206 9Kansas$110.04$225,396$39,073 10Alabama$110.03$222,475$38,712 11Montana$109.76$450,056$56,763 12Nebraska$109.62$257,397$42,019 13New Mexico$109.61$302,570$55,579 14Kentucky$109.53$208,745$38,817 15Wyoming$109.15$349,235$48,609 16Idaho$108.58$452,207$56,438 17Missouri$108.24$246,692$40,318 18Ohio$108.19$229,027$40,062 19Indiana$107.82$238,281$40,548 20Tennessee$107.49$318,006$44,868 21Wisconsin$106.90$307,398$46,182 22South Carolina$106.82$296,068$44,854 23North Carolina$105.86$328,226$47,494 24Michigan$105.82$239,674$40,628 25Utah$105.00$528,156$61,534 26Vermont$103.37$388,319$53,614 27Georgia$103.30$326,933$41,159 28Nevada$103.02$458,436$57,796 29Maine$102.90$387,588$54,032 30Texas$102.83$299,948$44,989 31Pennsylvania$102.50$266,221$43,345 32Minnesota$101.58$335,238$48,347 33Illinois$101.15$270,708$43,758 34Delaware$100.75$380,485$51,935 35Virginia$99.25$398,259$52,734 36Arizona$98.90$433,746$55,529 37Colorado$98.62$552,897$63,270 38Alaska$98.29$379,622$59,801 39Rhode Island$98.29$379,622$59,801 40Florida$96.55$404,924$53,525 41Connecticut$96.31$429,793$57,885 42Maryland$96.04$430,192$56,244 43Oregon$95.28$498,760$61,654 44New Hampshire$94.66$495,860$61,111 45New York$92.37$455,344$58,146 46Massachusetts$91.76$642,213$75,065 47Washington$91.44$603,927$70,164 48Hawaii$91.39$967,396$103,371 49New Jersey$91.12$558,134$65,337 50California$87.42$793,150$86,408 In Arkansas, $100 actually goes much further than normal, providing $113.49 of real purchasing power. In California it’s the opposite case, where a hundred-dollar bill is only really worth $87.42. In the case of California and other expensive states, purchasing power is eroded away by the high cost of living, local taxes, and other factors that prevent you from making the most of your money. High Income ≠ High Purchasing Power Here’s one interesting takeaway: many of the highest-income states, such as California, New Jersey, Massachusetts, Hawaii, also rank among the worst for real dollar value. Massachusetts has a six-figure median income, but $100 only buys $92 worth of goods. Meanwhile, Iowa and Kansas have more modest incomes, but a dollar goes almost 25% further than in an expensive state like Massachusetts. This shows that higher wages in coastal states are partially or completely eaten by cost of living premiums. The Affordability Belt Looking at the map, there is a clear “affordability belt” that can be seen visually. In the Mountain West, Midwest, and South—including Idaho ($108.58), Montana ($109.76), Louisiana ($111.66), Ohio ($108.19), and West Virginia ($110.23)—each dollar goes a little further. Learn More on the Voronoi App Where are countries losing purchasing power the fastest? See this visualization on the highest inflation rates by country on Voronoi, the app from Visual Capitalist.

See more visuals like this on the Voronoi app. Use This Visualization Mapped: 50 Years of Urbanization in Asia See visuals like this from many other data creators on our Voronoi app. Download it for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources. Key Takeaways Asia’s urbanization has been the most dramatic globally, with megacities like Shanghai, Delhi, and Jakarta expanding into vast metropolitan regions housing tens of millions. Much of Central and mountainous Asia remains sparsely built-up. Jakarta and surrounding areas now form one of the world’s largest megacity regions, with more than 30 million residents. Asia has undergone one of the most significant urban transformations of the last half-century. Cities that were once mid-sized have expanded into megacity regions, with populations rivaling entire countries. Today, Asia is home to many of the world’s largest metropolitan areas, from Tokyo and Delhi to Shanghai and Dhaka. While coastal corridors and river basins have become densely built-up, large inland regions remain sparsely urbanized, creating a striking contrast across the continent. The data for this visualization comes from World Population Review. Asia Dominates the Global Megacity Rankings Tokyo remains the world’s largest metropolitan area with more than 37 million people, followed closely by Delhi at roughly 35 million. Shanghai, Dhaka, Beijing, and Mumbai all exceed 20 million residents. CityCountryPopulation Tokyo Japan37,036,200 Delhi India34,665,600 Shanghai China30,482,100 Dhaka Bangladesh24,652,900 Beijing China22,596,500 Mumbai India22,089,000 Osaka Japan18,921,600 Chongqing China18,171,200 Karachi Pakistan18,076,800 Istanbul Turkey16,236,700 Kolkata India15,845,200 Manila Philippines15,230,600 Guangzhou China14,878,700 Lahore Pakistan14,825,800 Tianjin China14,704,100 Bangalore India14,395,400 Shenzhen China13,545,400 Moscow Russia12,737,400 Chennai India12,336,000 Jakarta Indonesia11,634,100 Bangkok Thailand11,391,700 Hyderabad India11,337,900 Nanjing China10,174,900 Seoul South Korea10,025,800 Chengdu China9,998,870 Ho Chi Minh City Vietnam9,816,320 Tehran Iran9,729,740 Nagoya Japan9,534,790 Ahmedabad India9,061,820 Kuala Lumpur Malaysia9,000,280 Wuhan China8,986,480 Hangzhou China8,591,040 Surat India8,581,730 Baghdad Iraq8,141,120 Shenyang China7,974,270 Riyadh Saudi Arabia7,952,860 Foshan China7,817,160 Dongguan China7,772,860 Hong Kong Hong Kong7,768,510 Jakarta and the Rise of Massive Urban Regions Greater Jakarta now forms one of the world’s largest continuous urban regions, home to over 30 million people. This growth reflects decades of migration toward economic hubs in Indonesia. Similar patterns appear in China’s Pearl River Delta and across major Indian corridors, where neighboring cities have fused into single metropolitan zones. These megaregions highlight a defining feature of modern Asian development: cities expanding outward until they merge with the next. The Indo-Gangetic Plain Becomes a Continuous Urban Belt From Lahore to Dhaka, the Indo-Gangetic Plain has evolved into one of the most densely populated urban corridors on Earth. Cities like Delhi, Kolkata, Dhaka, and Lahore form a nearly unbroken chain of development supported by fertile land and major river systems. In contrast, mountainous regions such as Tibet, the Himalayas, and Central Asia remain lightly urbanized. Learn More on the Voronoi App If you enjoyed today’s post, check out Percentage of Arable Land By Country on Voronoi, the new app from Visual Capitalist.

See more visualizations like this on the Voronoi app. Use This Visualization North American Cities With the Fastest Home Price Growth See visuals like this from many other data creators on our Voronoi app. Download it for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources. Key Takeaways Vancouver, Montreal, and Toronto saw the biggest home price increases, each rising more than 160% over the past 20 years. Southern metros like Dallas, Charlotte, and Denver rank among the fastest-growing U.S. housing markets. Major coastal cities like Los Angeles, San Francisco, and New York saw slower growth but are among the most expensive markets overall. Home prices across North America have surged over the past two decades, driven by population growth, limited housing supply, and post-pandemic demand. This infographic shows how average home prices have changed from July 2005 to July 2025 across 25 major North American cities, based on Zillow data compiled by Hanif Bayat. Where Home Prices Have Risen the Most On average, home prices across the top 25 cities in North America have risen by 92%, or nearly doubled, between 2005 and 2025. The table below shows the North American cities where home prices have risen the most: CityPercentage changeAvg home price in July 2005Avg home price in July 2025 Vancouver175%$306,000$842,000 Montreal167%$156,000$417,000 Toronto164%$268,000$709,000 Dallas139%$154,000$369,000 Charlotte134%$166,000$389,000 Denver125%$258,000$581,000 Seattle119%$343,000$751,000 Houston107%$150,000$311,000 Atlanta102%$191,000$385,000 Miami84%$256,000$473,000 Tampa83%$198,000$361,000 San Francisco79%$629,000$1,130,000 Boston77%$412,000$731,000 Orlando76%$222,000$389,000 Phoenix75%$256,000$449,000 Philadelphia74%$222,000$387,000 Los Angeles73%$555,000$959,000 San Diego71%$542,000$926,000 Inland Empire*66%$353,000$585,000 Detroit66%$162,000$269,000 New York59%$447,000$713,000 Minneapolis53%$255,000$391,000 Baltimore45%$278,000$404,000 Washington41%$414,000$585,000 Chicago41%$246,000$346,000 *Inland Empire refers to Riverside-San Bernardino-Ontario, California metro area. The top three fastest-appreciating cities are all in Canada. Vancouver leads with a 175% increase since 2005, followed by Montreal at 167% and Toronto with a 165% rise. Canada’s big metros have experienced rapid population growth and strong foreign-buyer interest, combining to create some of the world’s hottest real estate markets. Vancouver and Toronto, in particular, have faced long-term housing shortages and rank among America’s least affordable housing markets. In the United States, cities in the Sunbelt region in the South have seen their home prices more than double since 2005. These include Dallas (140%), Charlotte (134%), and Denver (125%), followed by Seattle (119%), which is the only more northern metro among the top five U.S. cities. Houston and Atlanta have also seen strong growth in home prices, along with Miami and Tampa in Florida. Coastal Cities Show Slower Home Price Growth Despite being the three most expensive housing markets, major coastal cities like San Francisco (80%), Los Angeles (73%), and San Diego (71%) show relatively slower growth in home prices. On the East Coast, prices in New York have also grown moderately, rising 60% over the last two decades. These coastal metros were already expensive in 2005, leaving less room for percentage-based appreciation as compared to Southern cities like Dallas and Houston. Meanwhile, among the top 25 cities, home prices have grown slowest in Washington, D.C. and Chicago, rising 41% between 2005 and 2025. Learn More on the Voronoi App To learn more about this topic from a global perspective, see Home Prices and Rent Changes Around the World on Voronoi.