See more visualizations like this on the Voronoi app. Use This Visualization How the World’s Largest Economies Have Changed Since 2000 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 America has long held the title as the world’s largest economy, rising from a GDP of $10.3 trillion in 2000 to $30.6 trillion in 2025. China emerged as the second-biggest economy in 2010, with its economy growing by a factor of nearly 17 since the turn of the century. The global balance of power looks very different than it did 25 years ago. In 2000, Japan was the world’s second-largest economy and China was only in sixth place. Since then, the global hierarchy has shifted dramatically, driven by the rapid rise of China and India. This graphic shows the top economies by GDP over the past quarter century, based on data from the International Monetary Fund. Then vs. Now: Comparing the World’s Top Economies by GDP Here is how the top 20 ranking looked in 2000: 2000 RankCountryGDP (Nominal) 1 U.S.$10.3T 2 Japan$5.0T 3 Germany$2.0T 4 UK$1.7T 5 France$1.4T 6 China$1.2T 7 Italy$1.2T 8 Canada$0.7T 9 Mexico$0.7T 10 Brazil$0.7T 11 Spain$0.6T 12 South Korea$0.6T 13 India$0.5T 14 Iran$0.4T 15 Netherlands$0.4T 16 Australia$0.4T 17 Taiwan $0.3T 18 Argentina$0.3T 19 Switzerland$0.3T 20 Russia$0.3T And here’s how it changed, based on 2025 data: 2025 RankCountryGDP (Nominal) 1 U.S.$30.6T 2 China$19.4T 3 Germany$5.0T 4 Japan$4.3T 5 India$4.1T 6 UK$4.0T 7 France$3.4T 8 Italy$2.5T 9 Russia$2.5T 10 Canada$2.3T 11 Brazil$2.3T 12 Spain$1.9T 13 Mexico$1.9T 14 Korea, Republic of$1.9T 15 Australia$1.8T 16 Türkiye$1.6T 17 Indonesia$1.4T 18 Netherlands$1.3T 19 Saudi Arabia$1.3T 20 Poland$1.0T For many decades, America has held its grip as the world’s largest economy, reaching $30.6 trillion of nominal GDP in 2025. Over the past 25 years, U.S. GDP has nearly tripled, bolstered by its dominance in global financial markets and technology. Back in 2000, we can see it held a sizable lead over Japan, however, the country was overtaken by China in 2010. With $19.4 trillion in GDP, China’s economy has grown from $1.2 trillion in 2000, a nearly seventeen-fold increase. Similarly, India has seen a stunning rise in GDP over the 2000s. While it ranked as the 13th-largest economy by GDP in 2000, it has since climbed to fifth. Moreover, India is projected to become the fourth-largest economy this year, thanks to robust GDP growth, favorable demographics, and substantial infrastructure investment. Learn More on the Voronoi App To learn more about this topic, check out this graphic on economic power by region in 2025.

Mapped: Countries with the Largest Emigrant Populations 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 tops the list with over 18 million citizens living abroad. More than 280 million people live outside their country of birth. Some small countries, like Guyana and Samoa, have over half their populations living outside their borders. Conflict, jobs, and opportunity are major drivers of emigration. Migration is often viewed through the lens of immigration (people arriving in a country). But what about those leaving? This infographic by Iswardi Ishak, using data from the UN Department of Economic and Social Affairs, maps the countries with the highest number of citizens living abroad in 2024. What is Emigration, and Why Does It Matter? Simply put, emigration is the opposite of immigration. It refers to the act of leaving one’s country to live elsewhere. While commonly discussed in regions receiving migrants, emigration has major impacts on origin countries too, from remittances to brain drain. The reasons for leaving vary. Common “push factors” include poverty, violence, corruption, and climate change. Conversely, “pull factors” are driven by better education, jobs, healthcare, and safety abroad. Ranked: Top Countries by Emigrant Populations The table below lists the top countries with the highest number of emigrants around the world. RankCountry/TerritoryEmigrantsTotal PopulationEmigrants as % of Total Pop 1 India18,533,8451,450,935,7911.3% 2 China11,701,6191,419,321,2780.8% 3 Mexico11,596,529130,861,0078.9% 4 Ukraine9,769,21637,860,22225.8% 5 Russia9,134,094144,820,4236.3% 6 Syria8,927,52324,672,76036.2% 7 Bangladesh8,706,947173,562,3645.0% 8 Venezuela8,328,51428,405,54329.3% 9 Afghanistan7,528,99442,647,49217.7% 10 Philippines6,988,383115,843,6706.0% 11 Pakistan6,915,057251,269,1642.8% 12 Egypt4,820,002116,538,2584.1% 13 United Kingdom4,804,94469,138,1926.9% 14 Romania4,583,81919,015,08824.1% 15 Poland4,572,61338,539,20111.9% 16 Myanmar4,320,46254,500,0917.9% 17 Germany4,297,23384,552,2425.1% 18 Sudan3,786,60350,448,9637.5% 19 Indonesia3,745,148283,487,9311.3% 20 Vietnam3,693,537100,987,6873.7% 21 Colombia3,652,23852,886,3646.9% 22 Morocco3,627,82938,081,1739.5% 23 United States3,186,999345,426,5710.9% 24 South Sudan3,168,83611,943,40926.5% 25 Turkiye3,130,33787,473,8053.6% 26 Italy2,941,44459,342,8675.0% 27 Kazakhstan2,796,57220,592,57113.6% 28 Nepal2,637,19529,651,0558.9% 29 France2,547,15866,548,5303.8% 30 Yemen2,480,73440,583,1656.1% 31 Malaysia2,433,87535,557,6746.8% 32 Iraq2,313,02846,042,0155.0% 33 Brazil2,194,325211,998,5741.0% 34 Uzbekistan2,114,48036,361,8595.8% 35 Congo,Dem.Rep.2,097,387109,276,2651.9% 36 Nigeria2,094,265232,679,4780.9% 37 Burkina Faso2,050,05023,548,7818.7% 38 South Korea2,030,47351,717,5903.9% 39 Haiti2,017,69211,772,55717.1% 40 Somalia1,935,59419,009,15110.2% 41 Dominican Republic1,917,15311,427,55716.8% 42 El Salvador1,834,6706,338,19328.9% 43 Portugal1,799,17910,425,29317.3% 44 Algeria1,780,39946,814,3083.8% 45 Iran1,733,46891,567,7381.9% 46 Peru1,672,48234,217,8484.9% 47 Spain1,623,55047,910,5273.4% 48 Bosnia and Herzegovina1,608,3243,164,25350.8% 49 Zimbabwe1,519,32416,634,3739.1% 50 Sri Lanka1,492,10323,103,5656.5% 51 Guatemala1,460,23218,406,3597.9% 52 Honduras1,397,58410,825,70412.9% 53 Canada1,347,38139,742,4303.4% 54 Mali1,292,51924,478,5965.3% 55 Bulgaria1,252,2346,757,68918.5% 56 Jamaica1,248,5122,839,17544.0% 57 Ecuador1,243,06518,135,4786.9% 58 Ethiopia1,240,645132,059,7670.9% 59 Hong Kong SAR,China1,240,2507,414,91016.7% 60 Albania1,216,6282,791,76543.6% 61 Coted'Ivoire1,211,42231,934,2303.8% 62 Argentina1,183,38145,696,1592.6% 63 Thailand1,178,75771,668,0111.6% 64 Ghana1,055,49434,427,4143.1% 65 Japan1,008,173123,753,0410.8% 66 South Africa1,005,80064,007,1871.6% 67 Serbia963,3076,736,21614.3% 68 Central African Republic905,8085,330,69017.0% 69 Nicaragua905,2516,916,14013.1% 70 Moldova864,2573,034,96128.5% 71 Croatia826,1663,875,32521.3% 72 Azerbaijan810,11610,336,5787.8% 73 Belarus790,2329,056,6968.7% 74 Bolivia783,47312,413,3156.3% 75 Greece780,11210,047,8177.8% 76 Cambodia778,79317,638,8014.4% 77 Paraguay746,3626,929,15310.8% 78 Senegal741,35718,501,9854.0% 79 Benin726,53014,462,7245.0% 80 Tunisia715,24912,277,1095.8% 81 Ireland714,4055,255,01813.6% 82 Mozambique702,79634,631,7662.0% 83 Lebanon681,7205,805,96211.7% 84 New Zealand679,7725,213,94413.0% 85 Laos660,2587,769,8198.5% 86 Jordan659,20411,552,8765.7% 87 Armenia637,6042,973,84121.4% 88 Netherlands631,39118,228,7423.5% 89 Angola616,96737,885,8501.6% 90 Togo584,7909,515,2366.1% 91 Czechia583,21410,735,8595.4% 92 Uganda578,03450,015,0931.2% 93 Burundi576,53014,047,7864.1% 94 Kyrgyzstan540,5737,186,0097.5% 95 Kenya540,46656,432,9451.0% 96 Rwanda539,04614,256,5673.8% 97 Hungary538,7949,676,1355.6% 98 North Macedonia534,6161,823,00929.3% 99 Belgium521,88411,738,7644.4% 100 Tajikistan514,47810,590,9284.9% 101 Switzerland512,5478,921,9815.7% 102 Guinea508,20314,754,7863.4% 103 Georgia496,4863,807,67013.0% 104 Guyana469,649831,08756.5% 105 Lithuania459,2682,859,11016.1% 106 Chile444,45119,764,7722.2% 107 Niger439,37827,032,4131.6% 108 Australia430,71826,713,2051.6% 109 Austria430,5609,120,8134.7% 110 Malawi427,57321,655,2862.0% 111 Cameroon409,67729,123,7441.4% 112 Slovakia389,9095,506,7607.1% 113 Comoros367,574866,62842.4% 114 Turkmenistan365,7877,494,4994.9% 115 Israel324,8049,387,0213.5% 116 Trinidad and Tobago323,6301,507,78221.5% 117 Chad292,29820,299,1231.4% 118 Singapore269,6135,832,3874.6% 119 Uruguay263,2853,386,5887.8% 120 Suriname258,026634,43140.7% 121 Lesotho246,9382,337,42310.6% 122 Saudi Arabia236,69933,962,7570.7% 123 Congo231,0806,332,9613.6% 124 Tanzania225,01768,560,1570.3% 125 Sweden223,50810,606,9992.1% 126 Madagascar212,45531,964,9560.7% 127 Panama194,8164,515,5774.3% 128 Finland181,8345,617,3113.2% 129 Fiji181,025928,78419.5% 130 Mongolia175,5963,475,5405.1% 131 Kuwait167,8504,934,5083.4% 132 United Arab Emirates166,07411,027,1291.5% 133 Latvia161,0141,871,8728.6% 134 Libya156,8747,381,0232.1% 135 Liberia145,9195,612,8172.6% 136 Equatorial Guinea136,8251,892,5177.2% 137 Denmark124,6655,977,4122.1% 138 Estonia124,2161,360,5469.1% 139 Zambia122,79321,314,9560.6% 140 Norway120,8915,576,6602.2% 141 Samoa119,313218,02054.7% 142 Mauritius114,3141,271,1699.0% 143 Timor-Leste109,6131,400,6387.8% 144 Guinea-Bissau103,9992,201,3524.7% 145 Mauritania91,7055,169,3961.8% 146 Montenegro90,678638,47914.2% 147 Cyprus80,7601,358,2825.9% 148 Slovenia78,8082,118,6973.7% 149 Gambia72,4522,759,9882.6% 150 Sierra Leone63,6318,642,0230.7% 151 Luxembourg61,859673,0369.2% 152 Gabon61,1602,538,9522.4% 153 Bahrain57,1601,607,0493.6% 154 Costa Rica50,9825,129,9101.0% 155 Brunei Darussalam46,552462,72210.1% 156 Malta43,940539,6078.1% 157 Sao Tome and Principe41,433235,53717.6% 158 Namibia40,3713,030,1311.3% 159 Papua New Guinea35,05010,576,5020.3% 160 Grenada26,300117,20822.4% 161 Iceland23,326393,3965.9% 162 Seychelles22,191130,41917.0% 163 Dominica21,38466,20532.3% 164 Qatar19,8213,048,4230.7% 165 Barbados19,558282,4686.9% 166 Oman17,0955,281,5380.3% 167 Botswana16,7312,521,1390.7% 168 Vanuatu15,202327,7784.6% 169 Antigua and Barbuda13,11193,77214.0% 170 Eswatini11,5611,242,8220.9% 171 Solomon Islands8,352819,1981.0% 172 Belize7,383417,0721.8% 173 Kiribati6,306134,5184.7% 174 Djibouti3,5761,168,7220.3% 175 Maldives2,773527,7990.5% 176 Bahamas2,174401,2830.5% 177 Andorra1,98281,9382.4% 178 Bermuda1,10064,6371.7% A closer look at the data shows that just five countries account for roughly one in five global emigrants. Unsurprisingly, populous countries dominate the top of the list. India leads with over 18 million citizens abroad, followed by China (11.7 million), Mexico (11.6 million) and Ukraine (9.8 million). Meanwhile, countries like South Sudan and Syria have high emigration numbers relative to their total populations, driven by conflict and instability. Of developed nations, the UK stands out with 4.8 million emigrants, largely driven by retirees, expats, and long-standing diasporas. The “Brain Drain” and High Emigration Rates When viewed as a share of total population, smaller countries top the list. In Guyana, Samoa, and Bosnia & Herzegovina, over 50% of citizens live abroad. This reflects a classic “brain drain” effect, where educated or skilled workers leave for better prospects, often slowing economic growth at home. Explaining the “Migration Hump” A key theory in migration studies is the “Migration Hump”. It suggests that emigration rises as countries move from low- to middle-income status, when people gain the means and motivation to move. As prosperity continues and countries become high-income, emigration rates drop. This phenomenon helps explain why middle-income nations like Egypt, the Philippines, and Pakistan feature prominently in the dataset. Learn More on the Voronoi App Check out our related chart: The Top Sources of Immigrants: 1995 vs 2020 on Voronoi.

See more visuals like this on the Voronoi app. Use This Visualization Charted: The Rise of Gen AI Apps 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 Generative AI apps are projected to generate over $10 billion in consumer spending in 2026. By 2026, Gen AI is expected to rank among the top five mobile app categories by downloads, revenue, and time spent. Generative AI has rapidly moved from an experimental novelty to a mainstream consumer product. In just a few years, apps powered by large language models and image generators have become daily tools for writing, search, education, and entertainment. This chart tracks how generative AI apps are climbing the global mobile rankings. The data for this visualization comes from Sensor Tower and reflects combined iOS and Google Play performance globally (with China measured on iOS only). Figures for 2026 are forecasts. Gen AI Becomes a Top-Tier Mobile Category According to Sensor Tower, Generative AI apps were projected to approach 4 billion downloads, generate $4.8 billion in in-app purchase revenue, and account for 43 billion hours of time spent in 2025 alone. By 2026, consumer spending on Gen AI apps is expected to exceed $10 billion, placing the category among the most lucrative on mobile. As a result, Gen AI is forecast to jump from #10 in downloads in 2025 to #4 in 2026, ranking ahead of established categories like Multimedia & Design Software and Shopping. Category Rank by Downloads2023202420252026F Utilities1111 Financial Services3322 Social Media2233 Generative AIn/a15104 Multimedia & Design Software4545 Shopping5456 Business & Productivity Software7667 Movies & TV Shows101078 Travel & Tourism8789 Health & Wellness99910 Lifestyle & Services11111111 Jobs & Education12121312 Antivirus & Security681213 Dating & Social Discovery13131414 Food & Dining Services14141515 Sensor Tower projects the category will rise to #3 in in-app purchase revenue by 2026, surpassing popular genres such as Dating & Social Discovery. This surge reflects growing consumer willingness to pay for AI-powered tools, subscriptions, and premium features as these apps become embedded in everyday workflows. Time Spent Signals Deepening Engagement Beyond installs and revenue, user engagement is also accelerating. Gen AI apps are expected to climb to #5 globally by time spent in 2026, outranking major consumer categories including Travel & Tourism, Shopping, and Financial Services. This trend suggests generative AI is not just being tried, it’s becoming a habit. ChatGPT Leads the Category By Q3 2025, ChatGPT had already become the #2 app globally by in-app purchase revenue across iOS and Google Play, trailing only TikTok. As competitors like Google Gemini and other AI-powered tools expand, the category’s momentum is expected to accelerate further. Learn More on the Voronoi App If you enjoyed today’s post, check out Charting the World’s Top Digital Exporters on Voronoi, the new app from Visual Capitalist.

See more visuals like this on the Voronoi app. Use This Visualization Mapped: Safest States in America 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 Vermont ranks as the safest state in America, scoring highly across financial, road, and emergency preparedness metrics. Northeastern states dominate the top of the rankings, while many Southern states rank near the bottom. Safety is shaped by far more than just crime rates. It reflects how well states protect residents financially, prepare for emergencies, maintain road safety, and enforce workplace standards. Taken together, these factors offer a broader picture of day-to-day risk across the U.S. This map ranks all 50 states by overall safety, combining 52 indicators into a single composite score. The data for this visualization comes from WalletHub. The Northeast Sets the Standard for Safety The Northeast dominates the top of the rankings. Vermont takes the top spot overall, bolstered by first-place finishes in both financial safety and road safety. State# Personal SafetyFinancial SafetyRoad SafetyWorkplace SafetyEmergency Preparedness Vermont12111211 Massachusetts334229 New Hampshire2216434 Maine588252 Utah2818653 Connecticut19233215 Hawaii1811181913 Minnesota2352623 Rhode Island81314408 Wyoming1427221821 Indiana1137131028 Iowa42531446 Maryland2419261322 Virginia301025129 Washington43153187 New Jersey73692324 New York172252626 Idaho1921124812 Wisconsin256213120 Kentucky164635431 Arizona363148176 North Carolina103330245 Delaware1329374110 Michigan4428331517 North Dakota6775037 Oregon492632714 New Mexico403249316 Alaska502324201 Ohio2730202825 Nevada484943115 Pennsylvania2120283527 Nebraska914113443 Kansas1516102944 West Virginia2643154519 South Dakota224174739 Illinois3135192436 South Carolina413946935 California4745472118 Montana3712273733 Tennessee4634421634 Missouri2924453041 Georgia3548402738 Alabama3342293940 Colorado4517384230 Oklahoma3238413842 Arkansas4241344632 Florida3444444347 Texas3940393348 Mississippi2047504950 Louisiana3850363649 Massachusetts, New Hampshire, and Maine all rank in the top five, reflecting strong public institutions, lower violent crime rates, and robust emergency preparedness. These states tend to benefit from higher income levels and denser access to healthcare. Western States Show Mixed Results Western states present a more mixed picture. Utah ranks fifth overall, driven by strong workplace safety and emergency preparedness. Meanwhile, Washington and Minnesota also perform well, though each shows weaker results in specific categories like personal safety. By contrast, California ranks near the bottom at 38th overall, weighed down by poor scores in personal, financial, and road safety. Alaska stands out for ranking first in emergency preparedness, but low personal safety scores drag down its overall position. The South Trails in Overall Safety Many Southern states cluster toward the bottom of the rankings. Louisiana, Mississippi, Texas, and Florida all rank in the bottom ten overall. These states often struggle with higher traffic fatality rates, weaker workplace safety outcomes, and lower emergency preparedness scores. Mississippi ranks last overall, finishing near the bottom in nearly every category. Learn More on the Voronoi App If you enjoyed today’s post, check out Mapped: The Cost of Raising a Child in Each U.S. State in 2025 on Voronoi, the new app from Visual Capitalist.

See more visuals like this on the Voronoi app. Use This Visualization Mapped: Firearm Deaths by 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 Gun death rates vary widely across the U.S., with the highest-rate states recording more than seven times the lowest. Southern and Mountain West states tend to have higher firearm death rates than the Northeast and West Coast. Firearm-related deaths remain a major public health issue in the United States, but their prevalence differs sharply from state to state. Factors such as gun ownership rates, demographics, urbanization, and access to healthcare all play a role in shaping these outcomes. This map highlights firearm death rates per 100,000 people. The data for this visualization comes from the CDC via USAFacts. Firearm deaths include homicides, suicides, and accidental shootings Lowest Rates Concentrated in the Northeast and Hawaii Hawaii reports the lowest firearm death rate in the country at 3.8 per 100,000 people. Several Northeastern states, including Massachusetts, New Jersey, New York, and Rhode Island, also fall near the bottom of the ranking. Rank (Low to High)StateGun Death Rate (per 100K) 1Hawaii3.8 2Massachusetts3.9 3New Jersey4.1 4New York4.4 5Rhode Island4.7 6Connecticut5.9 7California7.1 8Minnesota9.9 9New Hampshire10.3 10Vermont10.7 11Nebraska11.1 12Washington state11.3 13Maryland11.8 14Iowa12.0 15Maine12.0 16Delaware12.1 17Michigan12.1 18Pennsylvania12.1 19Wisconsin12.2 20North Dakota12.5 21Illinois12.6 22Virginia12.9 23Florida13.2 24Utah13.7 25Texas14.3 26Oregon14.4 27Ohio14.8 28West Virginia15.3 29Kansas15.4 30Colorado15.6 31Idaho16.3 32North Carolina16.7 33Arizona17.3 34South Dakota17.4 35Indiana17.5 36Nevada17.7 37Georgia17.8 38Kentucky18.8 39Oklahoma19.4 40Missouri19.8 41South Carolina19.9 42Tennessee20.2 43Montana20.3 44Washington, DC20.4 45Arkansas20.8 46Louisiana23.0 47Wyoming23.6 48Alabama24.0 49Alaska24.8 50New Mexico27.0 51Mississippi28.1 These states tend to have lower gun ownership rates and denser urban populations, factors often associated with fewer firearm-related deaths overall. Higher Rates Across the South and Mountain West At the other end of the spectrum, Mississippi has the highest firearm death rate at 28.1 per 100,000 people. Alabama, Louisiana, New Mexico, Alaska, and Wyoming also rank near the top. Many of these states have higher rates of gun ownership and larger rural populations, where firearm-related suicides account for a significant share of deaths. Washington, D.C. Stands Out Washington, D.C. records a firearm death rate of 20.4 per 100,000—higher than most states. As a dense urban area, its rate reflects different dynamics than rural states, including concentrated violent crime rather than firearm suicides. Learn More on the Voronoi App If you enjoyed today’s post, check out Mapped: The Highest Homicide Rates in the U.S. on Voronoi, the new app from Visual Capitalist.

Published 4 hours ago on January 17, 2026 By Julia Wendling Graphics & Design Athul Alexander Twitter Facebook LinkedIn Reddit Pinterest Email The following content is sponsored by OANDA How the Gold Rally Is Playing Out Around the World Key Takeaways Gold has surged worldwide, not just in U.S. dollar terms where the metal has gained 64.5%. Even stronger currencies like the Swiss franc (+44.1%) and euro (+45.5%) still saw substantial gains in gold. Currency moves and global rate cut expectations will be key drivers of gold’s next phase. Gold’s breakout in 2025 has been striking in U.S. dollar terms, but the rally looks even more compelling when viewed across global currencies. In partnership with OANDA, this visualization compares gold’s rally across different currencies. Which ones are rising the fastest?  The Gold Rally Through a Global Lens This chart indexes gold prices in major currencies, revealing how broadly the metal’s surge has played out worldwide. Even in regions with relatively resilient currencies (such as the euro and Swiss franc) gold has posted solid double-digit gains, underscoring the strength of the underlying move. CurrencyGold Prices December 2025Gold Price Performance 2025 (% change) USD4,315.0964.5 EUR3,686.2245.5 GBP3,216.1753.4 JPY677,956.0064.4 CHF3,430.9044.1 CNY30,274.6058.1 The rally has been even more dramatic in countries where currencies have faced greater pressure. In the U.S., for example, gold prices rose more dramatically than in other countries. This divergence highlights how local currency performance can amplify or dampen gold’s returns, even when the underlying global price is moving in tandem. The Role of Currency and Monetary Policy These differences point to a key dynamic for investors: gold’s performance is tightly linked to foreign exchange. When a currency weakens, the local price of gold tends to rise more quickly, effectively delivering an FX-driven boost to returns. Conversely, in markets with stronger currencies, gold can still perform well, but gains are typically more muted. Looking ahead, expectations for global rate cuts could play a pivotal role in shaping gold’s next phase. Easing monetary policy often weighs on currencies while improving gold’s relative appeal as a store of value. As central banks move at different speeds, shifts in currency strength may become just as important as movements in the U.S. dollar gold price itself. What This Means Going Forward As 2026 starts, gold’s global performance will likely hinge on the interplay between currency moves and monetary policy, not just the metal’s price in dollar terms. Note: Past performance is not indicative of future results. Related Topics: #USD #oanda #chf #cny #jpy #currencies #xau #u.s. dollar #fx #currency #gold Click for Comments var disqus_shortname = "visualcapitalist.disqus.com"; var disqus_title = "How the Gold Rally Is Playing Out Around the World"; var disqus_url = "https://www.visualcapitalist.com/sp/oan04-how-golds-rally-is-playing-out-around-the-world/"; var disqus_identifier = "visualcapitalist.disqus.com-193420"; More from OANDA Markets5 days ago Trump Trade Shake-Up: Which Countries Are Winning Vs. Losing? As U.S. trade policy shifts under President Trump, global exporters are facing a more uneven landscape. Which ones are winning versus losing? Markets1 week ago What Happens to the USD When the Fed Cuts Rates? Will Fed easing in 2026 pressure the USD, or will global rate shifts rewrite the usual pattern? Money1 year ago Major Currency Performance by Region in 2024 For each of the world’s seven major regions, what is the most-traded currency and how did it perform versus the U.S. dollar in 2024? Money1 year ago Which Assets Are Most Correlated to the USD? Building a well-balanced, diversified portfolio involves including assets with varying correlations. The USD, with its weak or negative correlations to other assets, can be a valuable… Markets1 year ago Ranked: The Ten Most Traded Currencies with the U.S. Dollar The U.S. dollar is used in 88% of FX trading transactions. Which currencies are most commonly on the other side of the exchange? Markets1 year ago Ranked: The Top Performing Major Currencies (2014-2023) Which major currencies have performed best on the foreign exchange market over the last decade? Subscribe Please enable JavaScript in your browser to complete this form.Join 375,000+ email subscribers: *Sign Up

Mapped: Countries that Earn the Most from Foreign Visitors 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. The U.S. tops the world in international tourism receipts, earning $215B in 2024 alone. United Arab Emirates stands out, generating $45.5B, a number that rivals Europe’s tourism powerhouses. Even war-affected Ukraine registered $1B in receipts, illustrating tourism’s surprising resilience. Each year, the global tourism economy generates trillions in revenue as travelers explore new destinations and revisit old favorites. According to UN Tourism data, international tourist receipts reached a total of $1.74 trillion in 2024, which is up 14% from pre-pandemic levels in 2019. Visual creator Iswardi Ishak mapped the countries that benefit most from this spending, revealing which economies gain the most from foreign visitors. Here’s a closer look at the data: Country/TerritoryInternational Tourist Receipts (2024, USD Billions) United States of America215.0 Spain106.5 United Kingdom82.5 France77.0 Italy58.7 United Arab Emirates57.0 Türkiye56.3 Japan54.7 Australia52.0 Canada49.9 Thailand42.7 Saudi Arabia41.0 Germany40.1 China39.7 India35.0 Mexico33.0 Macau31.7 Portugal30.0 Austria26.3 Singapore23.8 Greece23.4 Netherlands22.6 Hong Kong22.5 Switzerland22.3 Malaysia20.8 Indonesia16.7 South Korea16.7 Croatia16.2 Egypt15.3 Poland15.0 Vietnam12.2 Denmark11.3 Morocco11.3 Dominican Republic11.0 Sweden10.7 New Zealand9.8 Belgium9.4 Philippines9.3 Czech Republic9.1 Colombia8.7 Qatar8.4 Hungary8.1 Ireland7.9 Norway7.8 Russia7.6 Luxembourg7.5 Iraq7.4 Brazil7.3 Jordan7.2 South Africa6.4 Panama6.0 Puerto Rico6.0 Romania5.7 Costa Rica5.5 Albania5.4 Argentina5.0 Maldives4.8 Lebanon4.7 Georgia4.4 Bulgaria4.3 Jamaica4.3 Finland4.2 Cyprus4.0 Tanzania3.9 Peru3.7 Bahrain3.7 Cambodia3.6 Slovenia3.6 El Salvador3.5 Iceland3.2 Uzbekistan3.2 Chile3.2 Sri Lanka3.2 Serbia3.1 Aruba3.0 Andorra2.9 Tunisia2.9 Malta2.8 Kazakhstan2.6 Oman2.6 Armenia2.5 Israel2.3 Kuwait2.3 Uruguay2.2 Azerbaijan2.0 Bosnia and Herzegovina2.0 Lithuania2.0 Mauritius2.0 Ecuador1.8 Slovakia1.7 Guatemala1.7 Estonia1.6 Montenegro1.6 Uganda1.5 Latvia1.4 Barbados1.4 Laos1.3 Cuba1.3 Saint Lucia1.3 Ethiopia1.2 Ghana1.2 Fiji1.1 Ukraine1.0 Kyrgyzstan0.96 Seychelles0.93 Zambia0.90 Antigua and Barbuda0.88 Moldova0.82 Belize0.81 Honduras0.79 Paraguay0.77 Pakistan0.75 Bolivia0.74 Mongolia0.64 Nepal0.63 Republic of Macedonia0.62 Botswana0.59 Rwanda0.58 Nicaragua0.51 Bermuda0.51 Bangladesh0.44 The Gambia0.44 Namibia0.43 Grenada0.36 Nigeria0.30 Samoa0.23 Mozambique0.21 Bhutan0.20 Zimbabwe0.20 Anguilla0.19 Brunei0.13 Algeria0.13 Palestine0.13 Dominica0.09 São Tomé and Príncipe0.07 East Timor0.06 Malawi0.06 Djibouti0.05 Haiti0.04 Suriname0.04 Solomon Islands0.03 Tajikistan0.02 Angola0.02 Eswatini0.02 Montserrat0.01 Lesotho0.01 Unsurprisingly, the U.S. leads by a wide margin, earning $215 billion from international visitors. Europe dominates the top ranks, with Spain ($106.5 billion), the UK ($82.5 billion), France ($77 billion), and Italy ($58.7 billion) all drawing in major tourism income. Japan ($54.7 billion), China ($39.7 billion), and Thailand ($42.7 billion) round out Asia’s biggest earners. Why Some Countries Earn More Than Others Tourism receipts depend on several factors: not just the number of visitors, but how much each tourist spends. The U.S., for example, combines high visitor volumes with high average spending. Meanwhile, countries like Maldives or Jamaica may have smaller absolute totals but are far more dependent on tourism as a share of GDP. In Europe, cultural heritage, high-speed transportation, and proximity to major markets help countries rack up significant tourist spending. Spain, which now outpaces even France, offers an unusually wide range of tourism experiences, from world‑class beaches and island archipelagos to historic cities, gastronomy, and cultural heritage. This diversity helps attract visitors year‑round and from multiple source markets. As a result, the country became the most-visited nation in the EU in 2024. Tourism in Conflict Zones: The Ukraine Example One of the more surprising figures in the dataset is Ukraine’s $1B in international tourism receipts. Despite the ongoing war, some regions of the country, particularly in the west, have remained relatively stable and open to humanitarian, business, and diaspora-related travel. Ukrainians returning to visit family and international volunteers have contributed to tourism-like spending, even under extraordinary conditions.

See more visualizations like this on the Voronoi app. Use This Visualization Mapped: Each State’s Average Grocery Bill as a Share of Income 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 On average, grocery spending accounted for 8.1% of median household income across the United States in 2025. In Mississippi, residents spent 10.6% of income on groceries on average, which is the highest share of any state. Groceries eat up a significant part of your paycheck, but the impact is felt differently across states. Despite having among the highest grocery prices in the country, Californians spend only 6.8% of income on grocery bills versus the 8.1% U.S. average. In many Southern states, meanwhile, lower median household incomes push grocery spending to a larger share of earnings. This graphic shows the average grocery bill by state as a share of income, based on analysis from GOBankingRates. The Average Grocery Bill Hits Hardest in Mississippi Below, we show average grocery spending relative to median household income by state. Data is from the Bureau of Labor Statistics’ Consumer Expenditure Survey as of July 8, 2025. RankStateGrocery Spending as % of Median Household Income 1Mississippi10.6% 2West Virginia10.1% 3Arkansas9.8% 4Louisiana9.8% 5Kentucky9.7% 6New Mexico9.5% 7Alabama9.5% 8Oklahoma9.1% 9Montana9.1% 10South Carolina9.0% 11Florida8.9% 12Alaska8.8% 13Tennessee8.7% 14Ohio8.7% 15South Dakota8.6% 16Missouri8.5% 17Indiana8.5% 18Idaho8.5% 19North Carolina8.5% 20Maine8.5% 21Michigan8.4% 22Hawaii8.3% 23Vermont8.3% 24Wyoming8.2% 25Nevada8.2% 26Arizona8.1% 27Kansas8.0% 28Nebraska8.0% 29Wisconsin8.0% 30Georgia7.9% 31Iowa7.9% 32Oregon7.9% 33Pennsylvania7.8% 34North Dakota7.8% 35Texas7.6% 36New York7.5% 37Delaware7.3% 38Illinois7.3% 39Minnesota7.0% 40Rhode Island6.9% 41Washington6.9% 42California6.8% 43Colorado6.7% 44Virginia6.6% 45Connecticut6.6% 46Utah6.5% 47Maryland6.3% 48New Hampshire6.3% 49New Jersey6.2% 50Massachusetts6.1% --U.S. Average8.1% With $54,915 in median household income and $5,805 in average annual grocery costs, Mississippi residents spend 10.6% of income at the supermarket. Compared to July 2024, grocery costs have increased 5.7% across the state. Making matters worse, the state has high levels of poverty, with nearly one in five households facing food insecurity. As we can see, eight of the top 10 states with the highest grocery spending relative income are in the South, including West Virginia, Arkansas, and Louisiana. Montana (#9) stands out as an exception. While its median household income is higher at $69,922, residents still spend $6,325 annually on groceries. Between July 2024 and July 2025, grocery spending in the state jumped 9.5%, one of the fastest increases nationwide. By contrast, Massachusetts has the lowest grocery burden overall, largely due to its high median household income of $101,341. As a result, grocery spending accounts for just 6.1% of income. Overall, states with the lowest grocery cost burden tend to have median household incomes above $90,000 and are primarily concentrated in the West and Northeast. Learn More on the Voronoi App To learn more about this topic, check out this graphic on the global cities with the most expensive groceries.

Visualized: The Cost of Everyday Things in China vs. the U.S. 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 As a developing economy, China has drastically lower prices for most daily goods and services, but also a much lower average monthly salary. Basic utilities, internet, and rent are more than 3x cheaper in China compared to the U.S., easing overall cost of living. Surprisingly, items like milk, gasoline, and wine are more expensive in China despite its overall lower cost structure. From broadband to Big Macs, the price of everyday essentials can vary dramatically depending on where you live. This visual, by Julie Peasley, compares the cost of 20+ common items in China and the United States using data from Numbeo, the world’s largest crowdsourced cost-of-living database. The chart offers a direct side-by-side view of consumer prices in U.S. dollars, giving insight into which country is more affordable across key spending categories. While the U.S. boasts higher average salaries, China’s everyday living expenses are very low. Here’s a detailed look at the dataset used in the visualization: ItemChina Cost ($USD)US Cost ($USD) Average Monthly Salary (Net, after Tax)1,0074,276 New Compact Car18,44835,699 Monthly Rent, 1-bedroom in city center5591,747 Monthly Basic Utilities51.89210.49 Monthly Mobile Phone Plan8.9560.90 Monthly Fitness Club Membership42.7845.54 Meal at an Inexpensive Restaurant2.8420.00 Bottle of Wine (Mid-Range)11.3615.00 Movie Ticket6.3915.00 Combo Meal McDonald’s4.9712.00 Pack of Cigarettes3.5510.40 Pint of Beer (Domestic Draft)0.996.00 Cappuccino2.955.32 Dozen Eggs1.574.41 Milk (1 gallon)6.774.00 Gasoline (1 gallon)4.353.32 White Rice (1 lb)0.432.09 Local Transport 1-Way Ticket0.282.50 Soft Drink (Coca-Cola or Pepsi, 12 oz)0.472.62 Bottled Water (12 oz)0.282.12 Monthly Broadband Internet11.2372.43 The biggest shock? Broadband internet in the U.S. costs over $72/month, compared to just $11 in China. Yet for some essentials, the tables turn: milk and gasoline are both more expensive in China, despite its typical cost structure. Housing, Utilities, and Connectivity: Cheap in China When it comes to fixed monthly costs, China is significantly cheaper. Renting a one-bedroom apartment in a city center costs $559 in China versus $1,747 in the U.S., a nearly 70% discount. Likewise, basic utilities like electricity, heating, and garbage removal for an 85 m² apartment are just $52 per month in China, while Americans shell out over $210 on average. This massive difference is partly due to government subsidies and lower energy costs in China’s urban centers. Food and Dining: Affordable Meals, but Not Always Cheaper Groceries In China, an inexpensive restaurant meal costs just $2.84, versus $20 in the U.S., while a McDonald’s combo meal is less than half the price. However, grocery items tell a more nuanced story. A gallon of milk in China costs $6.77, which is well above the U.S. average of $4. Meanwhile, a dozen eggs are $1.57 in China compared to $4.41 in the United States. Pricing discrepancies like this often stem from differing production models and import dependencies. Salaries vs. Spending Power The U.S. may be more expensive, but it also pays more: the average monthly salary after tax in the U.S. is $4,276, compared to just $1,007 in China. While this gap is significant, lower prices in China offset much of the income disparity, offering residents stronger local purchasing power for basic needs. Still, U.S. consumers benefit from better affordability in certain categories like cigarettes, gasoline, and even gym memberships, which suggests the cost balance isn’t universally tilted. For a wider global context, see our earlier piece: Mapped: The Global Cost of Living Index (2025). Learn More on the Voronoi App Explore even more global cost-of-living data in this post: Ranked: U.S. Cities With the Highest Cost of Living.

See more visuals like this on the Voronoi app. Use This Visualization Mapped: Paid Vacation Days Across Europe 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 Europe’s average minimum paid leave totals 33 days per year, combining vacation and public holidays. Southern and Western European countries generally offer more paid leave than Eastern Europe. Europe is widely known for its generous work-life balance policies, and paid time off is a major part of that reputation. Across the continent, employees are legally entitled to a combination of paid vacation days and public holidays, with totals varying widely by country. This map shows the minimum total number of paid leave days in Europe in 2025. The data for this visualization comes from World Population Review. Europe’s Most Generous Leave Policies Several countries stand out for offering more than 40 days of paid leave annually. Andorra tops the ranking with 45 days, including 31 paid vacation days and 14 paid public holidays. Countries such as France, Luxembourg, Malta, and Russia also provide more than 40 days of total paid leave. CountryMinimum Paid Leave Andorra45 Russia42.5 France42 Luxembourg42 Malta41 Albania40 Georgia39 Estonia39 Austria38 Iceland38 Denmark37.5 Ukraine37 Romania37 Spain36 Poland36 Finland36 Armenia36 Norway35 Bosnia and Herzegovina35 Sweden34 Slovakia34 Lithuania34 Cyprus34 Czechia33 Hungary33 Belarus33 Croatia33 Slovenia33 Italy32 Bulgaria32 Latvia32 North Macedonia32 Portugal31 Serbia31 Germany30 Belgium30 Ireland30 UK29 Greece29 Netherlands28 Switzerland27 Turkey26.5 Montenegro21 Moldova20 Jersey19 San Marino10 The regional average sits at 33 days, and many countries fall close to this level. Nations such as Czechia, Hungary, Croatia, Slovenia, and Belarus offer between 32 and 34 days of paid leave per year. Lower Leave Totals at Europe’s Edges At the lower end of the spectrum, San Marino offers the fewest paid leave days at just 10, followed by Jersey, Moldova, and Montenegro, all of which fall well below the European average. Meanwhile, countries like Germany, Belgium, and Ireland sit near the middle, offering around 30 days of total paid leave—still higher than many non-European economies. Learn More on the Voronoi App If you enjoyed today’s post, check out The Rise of Senior Populations by Region on Voronoi, the new app from Visual Capitalist.

See more visualizations like this on the Voronoi app. Use This Visualization Life Expectancy by Country in the World’s Top 30 Economies 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 Japan has the highest life expectancy among the world’s largest economies, at 85 years. Indonesia, ranked 17th globally by GDP in 2025, has the lowest life expectancy at 72 years. Despite living in the world’s largest economy, Americans have shorter life expectancies than residents of many other wealthy nations. People in Japan—the world’s fourth-largest economy—live about five years longer on average. Meanwhile, residents in countries like France and Italy outlive Americans by roughly four years. This graphic shows life expectancy by country across the world’s 30 largest economies, based on data from the United Nations. GDP data was drawn from the International Monetary Fund. A Closer Look at Life Expectancy by Country Below, we rank countries based on GDP in 2025, including their life expectancies at birth: Rank by GDPCountryLife Expectancy 1 United States80 2 China79 3 Germany82 4 Japan85 5 India73 6 United Kingdom82 7 France84 8 Italy84 9 Russia74 10 Canada83 11 Brazil76 12 Spain84 13 Mexico76 14 South Korea84 15 Australia84 16 Türkiye78 17 Indonesia72 18 Netherlands83 19 Saudi Arabia80 20 Poland79 21 Switzerland84 22 Belgium83 23 Ireland83 24 Argentina78 25 Sweden84 26 Israel83 27 Singapore84 28 United Arab Emirates83 29 Austria83 30 Thailand77 With an average life expectancy of 80 years, Americans live shorter lives than those in many other major economies. This gap is driven by several factors, including limited access to healthcare, high obesity rates, and elevated homicide rates. Notably, the U.S. is the only G10 country without universal healthcare. It also has some of the highest healthcare costs among wealthy nations, at $14,885 per person, roughly double the OECD average. China, the world’s second-largest economy, has an average life expectancy of 79 years, up from 68 in 1990. In recent years, national policies have focused on improving disease prevention and expanding medical insurance coverage. India’s life expectancy stands at 73 years, among the lowest of the top 30 economies by GDP. Life expectancy also varies significantly by caste, with lower-caste individuals shown to live about four years fewer on average than those in higher castes. However, India has recorded some of the largest gains in life expectancy globally over the past six decades. Since 1965, the average lifespan has increased by 27 years. In particular, this reflects growing advancements in healthcare, child mortality, and enhanced nutrition, further aided by strong economic growth. Learn More on the Voronoi App To learn more about this topic, check out this graphic on the countries with the longest life expectancies.

Chart: The 2026 Growth Outlook for G20 Nations 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 is projected to lead G20 nations with a 6.2% real GDP growth rate in 2026, nearly double the global average. Developing economies dominate the top half of the growth ranking, while advanced economies lag significantly. Japan, Italy, and Germany are forecast to have the slowest growth, each under 1%. The International Monetary Fund (IMF) recently released its World Economic Outlook (October 2025), providing updated real GDP growth forecasts for 2026. The latest projections give us a snapshot of where G20 economies are headed, and how they stack up against each other. Based on these projections, emerging markets appear poised to drive global growth, while many advanced economies are expected to grow at a pace below the global average. G20 Economic Growth Forecast for 2026 The chart above, created by Aneesh Anand, shows IMF’s projected real GDP growth for all G20 nations in 2026. RankEconomyAnnual Real Growth Rate (in %, 2026P) 1 India6.2 2 Indonesia4.9 3 China4.2 4 Argentina4.0 5 Saudi Arabia4.0 6 Turkiye3.7 7 Australia2.1 8 U.S.2.1 9 Brazil1.9 10 Korea1.8 11 Canada1.5 12 Mexico1.5 13 EU1.4 14 UK1.3 15 South Africa1.2 16 Russia1.0 17 France0.9 18 Germany0.9 19 Italy0.8 20 Japan0.6 -- World3.1 India leads the pack at 6.2%, followed by Indonesia (4.9%) and China (4.2%). In contrast, major advanced economies such as Japan (0.6%), Italy (0.8%), and Germany (0.9%) trail the group significantly. India Emerges as a Global Growth Engine India’s standout performance is part of a broader macroeconomic shift. The country’s expanding middle class, demographic advantage, and growing role in global supply chains position it as a key player in the realignment of global economic trends. This is also reflected in the long-term shift in global economic power, where countries like India and China have steadily increased their share of global GDP. Advanced Economies Lag Behind While global real GDP growth is projected at 3.1%, many G20 advanced economies are expected to underperform: The U.S. and Australia are forecast to grow at 2.1% each. Modest, but still above much of Europe. The EU as a whole is projected to grow at just 1.4%, with core economies like France and Germany stuck below 1%. Japan, facing demographic headwinds and weak domestic demand, is expected to grow just 0.6%. These projections highlight the widening divergence in global growth, with emerging markets taking on a larger share of economic momentum in 2026. Learn More on the Voronoi App Explore related insights on Ranked: Productivity of the World’s Largest 30 Economies (2005–2025) to understand how economic output per worker has shifted alongside GDP growth trends.

See more visuals like this on the Voronoi app. Use This Visualization Charted: Silver Supply–Demand Imbalance (2015–2025) 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 global silver market has been in a persistent structural deficit since 2021, driven by industrial demand. Silver prices have surged alongside widening deficits, hitting fresh highs as supply tightens. Silver has staged another powerful rally at the beginning of 2026, pushing to fresh highs as market fundamentals tighten. Futures prices have surged above $85, driven by export restrictions from China, rising demand from green technologies, and renewed interest in silver as a safe-haven asset. This chart highlights how global silver supply and demand have diverged over the past decade. While supply growth has remained relatively flat, demand has surged, creating a series of structural deficits that are reshaping the market. The data for this visualization comes from the Silver Institute. Total silver supply includes mine production, recycling, net hedging supply, and net official sector sales. Total demand spans industrial use, photography, jewelry, silverware, physical investment, and net hedging demand. Persistent Deficits Since 2021 After several years of modest surpluses, the silver market flipped into deficit in 2021. That year saw demand jump to 1,112 million ounces, while supply lagged behind at 1,023 million ounces. The imbalance worsened dramatically in 2022, when demand surged to a record 1,306 million ounces. This resulted in the largest deficit on record, at 272 million ounces, marking a turning point for the market. YearSupplyDemandMarket Balance 20151,0551,061-5 20161,05799265 20171,02597254 20181,01499915 20191,0161,00511 202097492945 20211,0231,112-89 20221,0341,306-272 20239981,208-210 20241,0091,160-151 2025E1,0221,117-95 Green Energy Is Driving Demand A major driver behind silver’s demand surge is its critical role in green technologies. Solar panels, electric vehicles, and power grid infrastructure all rely heavily on silver’s conductive properties. In 2022, green-energy demand accelerated sharply, combining with a post-pandemic rebound in jewelry, bar, and coin purchases. Even as demand moderates slightly after 2023, it remains well above pre-2020 levels. Prices Reflect Tight Market Conditions Silver prices have tracked these supply-demand pressures closely. From an average of $15–$17 per ounce between 2015 and 2019, prices jumped to over $25 in 2021. Despite some volatility, prices continued climbing as deficits persisted, reaching $28.30 in 2024. In 2025, silver surged rapidly, surpassing $80 per ounce as export controls, geopolitical risk, and investment demand collided with limited supply growth. Learn More on the Voronoi App If you enjoyed today’s post, check out this graphic about gold price evolution in 2025 on Voronoi, the new app from Visual Capitalist.

See more visuals like this on the Voronoi app. Use This Visualization Ranked: The World’s 50 Most Powerful Militaries 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 U.S., Russia, and China rank as the world’s most powerful militaries, reflecting their scale, resources, and global reach. The recent U.S. operation against Venezuelan President Nicolás Maduro demonstrated that military power is not only about troop numbers or superior combat technology. With the successful extraction of Maduro and his wife from a military compound in just 2.5 hours, the extremely effective operation showed how far training, intelligence, and logistics go towards driving military power. This infographic ranks the world’s most powerful militaries in 2025. The data for this visualization comes from the Global Firepower Index, which assesses 145 countries. The World’s Top Military Powers The index evaluates more than 60 factors, including active military manpower, land, air and naval assets, logistics, natural resources, and geographic considerations. Importantly, a lower Military Power Index score indicates greater overall strength. RankCountryMilitary Power IndexActive Military Manpower 1 United States0.071,328,000 2 Russia0.081,320,000 3 China0.082,035,000 4 India0.121,455,550 5 South Korea0.17600,000 6 United Kingdom0.18184,860 7 Japan0.18247,150 8 France0.19200,000 9 Turkiye0.19355,200 10 Italy0.22165,500 11 Brazil0.24360,000 12 Pakistan0.25654,000 13 Indonesia0.26400,000 14 Germany0.26181,600 15 Israel0.27170,000 16 Iran0.3610,000 17 Spain0.32133,282 18 Australia0.3357,350 19 Egypt0.34440,000 20 Algeria0.36325,000 21 Ukraine0.38900,000 22 Poland0.38202,100 23 Taiwan0.4215,000 24 Vietnam0.4600,000 25 Saudi Arabia0.42257,000 26 Thailand0.45360,850 27 Sweden0.4824,400 28 Canada0.5268,000 29 Singapore0.5351,000 30 Greece0.53142,700 31 Nigeria0.58230,000 32 Mexico0.6412,000 33 Argentina0.6108,000 34 North Korea0.61,320,000 35 Bangladesh0.61163,000 36 Netherlands0.6441,380 37 Myanmar0.67150,000 38 Norway0.6823,250 39 Portugal0.6924,000 40 South Africa0.6971,235 41 Philippines0.7150,000 42 Malaysia0.74113,000 43 Iraq0.77193,000 44 Switzerland0.79101,584 45 Denmark0.8120,000 46 Colombia0.84293,200 47 Chile0.8480,000 48 Finland0.8424,000 49 Peru0.86120,000 50 Venezuela0.89109,000 The United States ranks first, with the lowest Military Power Index score and more than 1.3 million active-duty personnel. Its position reflects unmatched global reach, advanced technology, and extensive logistical capabilities. Russia and China follow closely behind. China stands out for having the largest active military manpower among the top three, with just over 2 million personnel, while Russia combines large troop numbers with extensive land and strategic capabilities. Manpower Isn’t Everything While troop numbers matter, they do not tell the full story. Countries like Japan, the United Kingdom, and France rank among the top 10 despite having far smaller active forces than some lower-ranked nations. Japan ranks highly due to its advanced naval and air forces, including one of the world’s most capable destroyer fleets, modern fighter jets, and strong missile defense systems. Despite a smaller army, the UK maintains strong air and naval assets and benefits from deep integration with NATO operations. Meanwhile, France ranks among the top militaries thanks to its nuclear arsenal, blue-water navy, and proven ability to conduct overseas operations independently. Learn More on the Voronoi App If you enjoyed today’s post, check out Ranked: Countries With the Highest Cost of Violence on Voronoi, the new app from Visual Capitalist.

See more visualizations like this on the Voronoi app. Use This Visualization The Global Inflation Forecast, by Country in 2026 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 Global inflation is projected to ease from 4.2% in 2025 to 3.7% in 2026. The IMF expects U.S. inflation to follow a similar path, falling from 2.7% to reach 2.4% this year. In 2026, U.S. inflation is projected to decline to 2.4%, ultimately remaining above the Fed’s target. Many European and Asian countries, meanwhile, are expected to see sub-2% increases in prices. Countries facing instability, like Venezuela and Sudan, will brace for significantly higher price pressures. This graphic shows the 2026 inflation forecast for global economies, based on data from the International Monetary Fund. Ranked: The 2026 Inflation Forecast Below, we show inflation projections for 2026 across 190 economies: RankCountryInflation Rate Forecast 2026 (%)Region 1 Venezuela682.1South America 2 Sudan54.6Africa 3 Iran41.6Middle East 4 Myanmar28.0Asia 5 Burundi26.3Africa 6 Haiti26.2North America 7 Türkiye24.7Asia 8 Malawi24.1Africa 9 Nigeria22.0Africa 10 Yemen18.5Middle East 11 Zimbabwe18.2Africa 12 Argentina16.4South America 13 Angola16.3Africa 14 South Sudan15.8Africa 15 Egypt11.8Africa 16 Kazakhstan11.2Asia 17 Sierra Leone10.5Africa 18 Ghana9.9Africa 19 Suriname9.6South America 20 Ethiopia9.4Africa 21 Zambia9.2Africa 22 Bangladesh8.7Asia 23 Mongolia8.1Asia 24 Liberia7.7Africa 25 Ukraine7.6Europe 26 Belarus7.5Europe 27 Uzbekistan7.3Asia 28 Madagascar7.2Africa 29 DR Congo7.1Africa 30 São Tomé and Príncipe7.0Africa 31 Kyrgyz Republic6.9Asia 32 Romania6.7Europe 33 Tunisia6.1Africa 34 Pakistan6.0Asia 35 Marshall Islands5.9Oceania 36 Lao P.D.R.5.5Asia 37 Moldova5.5Europe 38 Mozambique5.4Africa 39 Kenya5.2Africa 40 Russian Federation5.2Asia 41 Turkmenistan5.0Asia 42 Jamaica5.0North America 43 Gambia 4.9Africa 44 Lesotho4.8Africa 45 Botswana4.7Africa 46 Rwanda4.7Africa 47 Papua New Guinea4.6Oceania 48 Togo4.5Africa 49 Azerbaijan4.5Asia 50 Tajikistan4.5Asia 51 Nauru4.5Oceania 52 Uruguay4.5South America 53 Guyana4.4South America 54 Uganda4.3Africa 55 Estonia4.3Europe 56 Nepal4.2Asia 57 Dominican Republic4.2North America 58 Honduras4.2North America 59 Eswatini4.0Africa 60 India4.0Asia 61 Serbia4.0Europe 62 Brazil4.0South America 63 Algeria3.9Africa 64 South Africa3.7Africa 65 Solomon Islands3.7Oceania 66 Paraguay3.7South America 67 Chad3.6Africa 68 Mauritius3.6Africa 69 Namibia3.6Africa 70 Mauritania3.5Africa 71 Somalia3.5Africa 72 Tanzania3.5Africa 73 Hungary3.5Europe 74 Kiribati3.5Oceania 75 Colombia3.5South America 76 Bhutan3.4Asia 77 Georgia3.4Asia 78 Bulgaria3.4Europe 79 Micronesia3.4Oceania 80 Cameroon3.3Africa 81 Central African Republic3.3Africa 82 Slovak Republic3.3Europe 83 Guatemala3.3North America 84 Mexico3.3North America 85 Congo3.2Africa 86 Niger3.2Africa 87 Vietnam3.2Asia 88 Samoa3.2Oceania 89 Iceland3.1Europe 90 Lithuania3.1Europe 91 Chile3.1South America 92 Guinea3.0Africa 93 North Macedonia3.0Europe 94 Australia3.0Oceania 95 Equatorial Guinea2.9Africa 96 Indonesia2.9Asia 97 Palau2.9Oceania 98 Armenia2.8Asia 99 Albania2.8Europe 100 Croatia2.8Europe 101 Poland2.8Europe 102 Ecuador2.8South America 103 Kosovo2.7Europe 104 Nicaragua2.7North America 105 Philippines2.6Asia 106 Bosnia and Herzegovina2.6Europe 107 Latvia2.6Europe 108 Jordan2.6Middle East 109 Qatar2.6Middle East 110 Gabon2.5Africa 111 Maldives2.5Asia 112 Greece2.5Europe 113 United Kingdom2.5Europe 114 Iraq2.5Middle East 115 Barbados2.5North America 116 Burkina Faso2.4Africa 117 Netherlands2.4Europe 118 Norway2.4Europe 119 Slovenia2.4Europe 120 Antigua and Barbuda2.4North America 121 United States2.4North America 122 Austria2.3Europe 123 Czech Republic2.3Europe 124 Montenegro2.3Europe 125 Dominica2.3North America 126 Tuvalu2.3Oceania 127 Malaysia2.2Asia 128 Luxembourg2.2Europe 129 Israel2.2Middle East 130 Kuwait2.2Middle East 131 Puerto Rico2.2North America 132 Trinidad and Tobago2.2North America 133 Tonga2.2Oceania 134 Vanuatu2.2Oceania 135 Hong Kong SAR2.1Asia 136 Japan2.1Asia 137 Denmark2.1Europe 138 Portugal2.1Europe 139 Saint Kitts and Nevis2.1North America 140 Saint Vincent and the Grenadines2.1North America 141 New Zealand2.1Oceania 142 Aruba2.1South America 143 Benin2Africa 144 Cabo Verde2.0Africa 145 Guinea-Bissau2.0Africa 146 Mali2.0Africa 147 Senegal2.0Africa 148 Italy2.0Europe 149 Malta2.0Europe 150 San Marino2.0Europe 151 Spain2.0Europe 152 Saudi Arabia2.0Middle East 153 United Arab Emirates2.0Middle East 154 Canada2.0North America 155 Costa Rica2.0North America 156 Panama2.0North America 157 Comoros1.9Africa 158 Finland1.9Europe 159 Belize1.9North America 160 Peru1.9South America 161 Morocco1.8Africa 162 Cambodia1.8Asia 163 South Korea1.8Asia 164 Timor-Leste1.8Asia 165 Andorra1.8Europe 166 Germany1.8Europe 167 Ireland1.7Europe 168 Libya1.6Africa 169 Taiwan1.6Asia 170 Sweden1.6Europe 171 Côte d'Ivoire1.5Africa 172 France1.5Europe 173 Oman1.5Middle East 174 Saint Lucia1.5North America 175 Djibouti1.4Africa 176 Singapore1.3Asia 177 Belgium1.3Europe 178 Cyprus1.3Europe 179 Macao SAR1.2Asia 180 Seychelles1.1Africa 181 Grenada1.1North America 182 Fiji1.1Oceania 183 Bahamas 1.0North America 184 El Salvador1.0North America 185 Bahrain0.8Middle East 186 China0.7Asia 187 Thailand0.7Asia 188 Brunei Darussalam0.6Asia 189 Liechtenstein0.6Europe 190 Switzerland0.6Europe Venezuela continues to face the highest inflation worldwide by a huge margin, with inflation set to increase 682.1% in 2026. (Note these forecasts were released before President Nicolas Maduro’s capture and U.S. plans to take over Venezuelan oil production). Moreover, conflict-ridden countries including Sudan, Iran, and Myanmar, face inflation rates exceeding 25%. In the U.S., inflation is expected to trend lower, though several risks could influence the outlook. While tariff front-loading muted inflationary effects in 2025, pass-through effects could meaningfully affect consumer prices in 2026. Meanwhile, several economies, from Italy and Spain to Senegal and Saudi Arabia are expected to see inflation reach a 2% target. In contrast, Switzerland and Liechtenstein are projected to see the lowest inflation globally, at 0.6%. For Switzerland, a strong Swiss franc has led import prices to drop, mirroring a trend seen in the past two years. Additionally, consumer prices in Thailand and China are set to rise just 0.7% amid deflationary pressures. Learn More on the Voronoi App To learn more about this topic, check out this graphic on interest rate projections across advanced economies.

See more visualizations like this on the Voronoi app. Use This Visualization Chart: The Rise of Major Currencies Against the U.S. Dollar 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 Swedish krona gained 20.2% against the U.S. dollar in 2025, marking its biggest year of appreciation in decades. Many major currencies appreciated against the dollar last year given steep policy uncertainty and increasing central bank reserve diversification. Donald Trump’s trade war was a major driver of U.S. dollar weakness in 2025, pushing trade policy uncertainty to historic levels. At the same time, U.S. dollars held in foreign central bank reserves fell to 20-year lows. Given these dynamics, several major currencies, from the Swedish krona to the Brazilian real saw double-digit gains against the U.S. dollar amid lower global demand. This graphic shows the appreciation of major currencies against the greenback in 2025, based on data from Bloomberg via The Bulwark. The Performance of Major Currencies Against the U.S. Dollar Below, we show how numerous currencies strengthened against the U.S. dollar in 2025: CurrencyAppreciation in 2025 Swedish Krona20.2% Mexican Peso15.6% Swiss Franc14.5% South African Rand13.8% Euro13.5% Danish Krone13.3% Norwegian Krone12.9% Brazilian Real12.8% Australian Dollar7.8% British Pound7.7% Singapore Dollar6.2% Canadian Dollar4.8% Taiwanese Dollar4.4% New Zealand Dollar2.8% South Korean Won2.2% Japanese Yen0.3% With 20.2% gains, the Swedish krona saw its strongest performance against the dollar in decades. The U.S. dollar weakened on softer economic data and policy expectations, and investors rebalanced into currencies like the krona amid relatively stronger Swedish growth prospects and economic fundamentals. The Mexican peso had the second highest gains, strengthening 15.6% in 2025. This marked the best year since 1994, defying expectations given U.S. trade tensions. Among the factors underpinning the peso’s rise are resilient growth and macroeconomic stability. Meanwhile, the South African rand rose 13.8% and the Brazilian real appreciated 12.8%. Across Asian countries, the Singapore dollar increased 6.1%, serving as a “quasi safe haven” across the region. The global financial hub is known for its institutional strength and significant current account surplus, further supporting demand. Learn More on the Voronoi App To learn more about this topic, check out this graphic on the top 50 countries by central bank reserves.

Published 3 hours ago on January 14, 2026 By Julia Wendling Graphics & Design Abha Patil Twitter Facebook LinkedIn Reddit Pinterest Email The following content is sponsored by Terzo Breaking Down America’s $13 Trillion ETF Market Key Takeaways ETFs have become a cornerstone of U.S. investing, with the market totaling $13.4 trillion in assets. Equities dominate the ETF market, with roughly $10.5 trillion—nearly 80% of total ETF assets. Bond ETFs hold a distant but significant $2.2 trillion, while hundreds of billions more are allocated to commodities, currencies, real estate, and other specialized strategies. Exchange-traded funds (ETFs) have become one of the most popular investment vehicles in the United States. They have given investors low-cost, diversified access to nearly every corner of global markets. This visualization, created in partnership with Terzo, breaks down America’s $13.4 trillion ETF market by asset class. It offers a clear view of how capital is distributed across equities, bonds, and other investment categories—and how that allocation shapes portfolio risk and returns. What Is an ETF? An ETF is an investment fund that trades on stock exchanges, much like an individual stock. Most ETFs are designed to track an index, sector, commodity, or asset class. This allows investors to gain broad exposure without having to pick individual securities. Compared to mutual funds, ETFs typically offer lower fees, greater transparency, and the flexibility to trade intraday. This has fueled their rapid adoption among both retail and institutional investors. ETF Assets by Class Equities dominate the ETF landscape by a wide margin. U.S. equity ETFs hold roughly $10.5 trillion in assets under management (AUM), accounting for nearly 80% of all ETF assets. Bond ETFs follow with just over $2.2 trillion, reflecting growing demand for fixed income exposure in a more liquid and accessible format. Asset ClassAssets Under Management (AUM) Equities$10.5T Bonds$2.2T Commodities$318B Currencies$160B Real Estate$77B Other*$102B Total$13.4T Beyond stocks and bonds, ETFs have expanded into a wide range of asset classes. Commodity ETFs manage about $318 billion AUM, while currency ETFs hold roughly $160 billion. Real estate ETFs account for $77 billion AUM, and a collection of other specialized strategies, including alternatives and niche exposures, add another $102 billion. Understanding the Financial Landscape Understanding the broader financial landscape is essential, but real advantage comes from knowing what’s happening inside your own business. Great insights start with great data, and by transforming company contracts into actionable intelligence, you can make decisions based on reality, not assumptions. See NirvanAI in action and learn how it helps you make decisions with confidence. 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See more visuals like this on the Voronoi app. Use This Visualization Not Just Oil: Venezuela’s Natural Resources Mapped 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 Venezuela’s natural resources include the world’s largest proven oil reserves, totaling roughly 303 billion barrels. Gold, natural gas, and other minerals are reportedly abundant, but underdeveloped, ranking among the world’s top deposits. Oil is the largest of Venezuela’s natural resource reserves, which has dominated recent news, but the country’s resource base extends far beyond crude.  This visualization highlights the often overlooked scale of resources across oil, natural gas, gold, iron, bauxite, diamonds, and coal.  The data for this graphic comes from several sources: OPEC’s Annual Statistical Bulletin (2025) for oil and gas reserves. The Center for Strategic & International Studies (CSIS) analysis for gold reserves. Venezuela’s Ministry of Ecological Mining Development (MPPDME) mineral catalog for domestic resource estimates. The United States Geological Survey (USGS) Mineral Commodity Summaries (MSC) 2025, for mineral rankings. Venezuela’s Abundant Natural Resources A resource is a naturally occurring material that could be economically extracted now or in the future, while a reserve is the portion of an identified resource that can be economically and legally extracted today. The data table below shows Venezuela’s resources and reserves for various energy fuels and minerals, along with each ones respective international ranking. ResourceEstimated Reserves / Resources*UnitsWorld Rank Crude Oil303,221Million Barrels (MMBbls)#1 Bauxite99.35*Mega tonnes (Mt)- Diamond1.02*Billion Carats- Gold2,343tonnes (t)- Natural Gas5511Billion Cubic Meters (bcm)#8 Iron5.958Giga tonnes (Gt)#8 Coal3Giga tonnes (Gt)#27 Bauxite and diamond totals are identified resources published by the Venezuelan government providing a snapshot of the geological potential. These have not been independently verified, so they shouldn’t be treated as confirmed reserves. Gold’s totals are also not of proven underground gold reserves, but rather are based on an asset-level analysis of 24 gold-bearing mines in Venezuela shared by CSIS. The Orinoco Oil Belt and Mining Arc Nearly all of Venezuela’s estimated resource potential is concentrated along the Orinoco river. To the north, the Orinoco Oil Belt hosts Venezuela’s world-leading 303 billion barrels of extra-heavy crude oil reserves. South of the river, is the Orinoco Mining Arc sitting atop the ancient Guiana Shield, a 1.7 billion-year-old craton. The Venezuelan government’s mineral catalog and CSIS report world-leading deposits of gold, iron, bauxite, and most notably diamonds. Government estimates indicate Venezuela surpasses Russia as the country with the largest reserves of diamonds in the world. Massive Reserves, Minor Production Despite the vast resource richness, Venezuela has endured years of humanitarian and economic crisis brought on by international sanctions, mismanagement, and electoral fraud. The political environment has severely limited production across all resources with failing infrastructure and limited foreign investment. Geopolitical and Economic Implications for Venezuela With the U.S. capture of Venezuela’s President, Nicolás Maduro, the vast heavy crude and mineral endowment becomes a geopolitical lever under U.S. control. Redirecting heavy-crude barrels toward Gulf Coast refineries may pressure Canadian heavy-oil producers while delivering a setback to Chinese access to Venezuelan supply. Broadly, Maduro’s capture signals a shift toward raw power politics, where geology still matters, but governance and international alignment may increasingly decide who benefits. Learn More on the Voronoi App If you enjoyed today’s post, check out All of the World’s Oil Reserves by Country, in One Visualization on Voronoi, the new app from Visual Capitalist.

See more visualizations like this on the Voronoi app. Use This Visualization Mapped: Each State’s Average Weekly Grocery Bill 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 Hawaiian households spent 33% more on groceries than the U.S. average in 2025, footing the highest grocery bills across the country. Overall, average spending at the supermarket climbed 6.3% nationally as of July 8, 2025. Costs at the grocery store keep marching higher, but some states are feeling the strain more than others. Nationwide, ground beef prices jumped 15% in 2025, while orange juice spiked 21%. Moreover, the price for a carton of eggs hit a record-high of $8.15 in March, however prices have dropped meaningfully since then. This graphic shows the average grocery bill by state in 2025, based on data from GOBankingRates. Hawaii Leads the U.S. in Average Weekly Grocery Bills Below, we show the average weekly grocery cost for a median-income household in each state, based on analysis of Bureau of Labor Statistics price indexes. Data is as of July 8, 2025. StateAverage Weekly Grocery Costs 2025 Annual Cost Increase Hawaii$1579.6% Alaska$1528.8% California$1273.4% Washington$1268.8% Vermont$1246.3% Florida$1226.0% Oregon$1225.0% Maryland$1224.2% Montana$1229.5% Idaho$1227.0% New York$1216.3% South Dakota$12012.6% Nevada$1205.8% Massachusetts$1204.4% Colorado$1198.1% New Jersey$1194.5% Arizona$1197.6% Wyoming$1197.8% Connecticut$1185.0% Minnesota$1174.7% Maine$1174.9% Delaware$1173.7% Kentucky$1166.0% Ohio$1166.9% Wisconsin$1167.9% Rhode Island$1153.1% South Carolina$1155.7% Michigan$1156.9% Nebraska$1155.8% Virginia$1155.4% New Hampshire$1155.0% Illinois$1156.6% Utah$1146.6% Indiana$1146.9% New Mexico$1147.8% North Carolina$1145.4% Georgia$1146.6% Alabama$1146.6% Pennsylvania$1134.2% North Dakota$1138.6% West Virginia$1133.7% Louisiana$1136.8% Tennessee$1135.7% Missouri$1136.9% Kansas$1128.0% Mississippi$1125.7% Texas$1125.8% Oklahoma$1116.5% Iowa$1115.2% Arkansas$1116.0% U.S. Average$1186.3% In Hawaii, households spend $157 per week on groceries, up 9.6% from the prior year. Not only is this among the fastest annual increases across states, grocery bills are 33% higher than the national average. Dairy, bread, and poultry are among the items that cost substantially more than the mainland given the state’s reliance on imports. Alaska follows, with prices increasing 8.8% annually. Within the state, prices can vary dramatically, particularly for rural communities that are not accessible by road. While a bag of chips can cost $6.79 in Anchorage, it climbs to $10.49 in Unalakleet. As we can see, California prices rank third-highest nationally, up 3.4% compared to July 2024. Higher wages, rent, utilities, and distribution costs all contribute to elevated prices. On the opposite end of the spectrum are several Southern states. Residents in Arkansas spend the least on groceries, at about 6% lower than the U.S. average. Oklahoma, Texas, Mississippi, and Kansas also rank near the bottom due to comparatively lower costs of living. Learn More on the Voronoi App To learn more about this topic, check out this graphic on the U.S. cities with the highest grocery costs.

See more visuals like this on the Voronoi app. Use This Visualization Charted: Asset Class Returns Across Eras (1990–2025) 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 Private markets delivered the strongest long-term returns since 1990, but with the highest volatility. Since 2020, gold has been the best-performing asset with an 18.4% annualized return. Bonds have struggled in recent years as higher interest rates and inflation weigh on fixed-income returns. Investment performance can vary widely depending on the time period analyzed. While equities and gold have delivered strong returns in recent years, bonds and some alternative assets have lagged, especially in the post-pandemic era of rising interest rates. This graphic breaks down annualized returns and volatility across major asset classes over three distinct periods: long-term (1990–2025), mid-term (2010–2025), and the most recent cycle (2020–2025), using data from Goldman Sachs. Global equities and private markets exclude real estate, and data is as of September 2025. Understanding volatility: Volatility measures how much an investment’s returns fluctuate year to year. For example, a volatility of 10% implies that returns typically move about 10 percentage points above or below the average in a given year. While higher volatility often accompanies higher returns, it also increases the risk of short-term losses. Long-Term Returns by Asset Class: 1990–2025 Over the past 35 years, risk assets have significantly outperformed safer alternatives. Asset Class1990–2025 Return (per annum)Volatility Global equities8.1%14.7% Global sovereign bonds 4.3%5.8% Corporate bonds5.6%5.3% Gold6.7%15.4% Private markets10.5%21.3% Real estate5.7%15.1% Private markets delivered the strongest annualized returns at 10.5%, although this came with substantial volatility of over 21%. Global equities also performed well, averaging just over 8% annually. Bonds offered more modest but stable returns, while gold provided diversification benefits with mid-range returns and high volatility. Post-Global Financial Crisis Asset Performance: 2010–2025 The period following the Global Financial Crisis was marked by low interest rates and strong equity performance. Asset Class2010–2025 Return (per annum)Volatility Global equities10.5%14.4% Global sovereign bonds 0.9%5.2% Corporate bonds3.1%5.1% Gold8.6%15.2% Private markets9.4%22.3% Real estate6.6%14.0% Global equities saw annualized returns rise to 10.5%, while private markets continued to outperform public assets. In contrast, sovereign bonds struggled as yields compressed, delivering less than 1% annual returns. Gold remained resilient during this era, with prices rising sharply from 2009 to 2012, before falling and stabilizing. Post-Pandemic Asset Class Returns: 2020–2025 The most recent five-year period highlights a sharp divergence across asset classes. Asset Class2020–2025 Return (per annum)Volatility Global equities12.5%16.8% Global sovereign bonds -1.1%5.8% Corporate bonds1.3%6.3% Gold18.4%15.4% Private markets7.7%26.9% Real estate1.9%17.2% Global equities delivered strong returns following the 2020 crash, despite market volatility. Meanwhile, gold has been the best-performing asset amid rising inflation, geopolitical risks, and elevated interest rates, with prices hitting all-time highs twice since 2020. Bonds experienced negative real and nominal performance as rapid interest rate hikes eroded prices. Rising inflation and high sovereign debt levels have put downward pressure on sovereign bond prices. Furthermore, real estate has seen relatively low returns relative to medium- and long-term periods, with high mortgage rates dampening the demand for housing in many major markets. Learn More on the Voronoi App If you found this infographic interesting, explore more investing and market insights on Voronoi, including The Ups and Downs of Global Markets in 2025