Category Archives: USA

Wealth Comparison for the Years 1500 and 2015

wealth year 1500

wealth year 2015Comparing the levels of wealth per person for the years 1500 and 2015, as shown in these two maps, it is interesting to see how economic power has shifted from some nations to others.

Back in the 1500s, economic power was held by a majority of European nations leaded by Italy. China ranked number 23, India 53, and Japan 61. North America’s wealth was negligible compared to Europe’s, but the African region enjoyed more wealth than they do today.

A forecast for the year 2015 places Taiwan, Hong Kong, and Singapore at the top in GDP per capita. Some European nations are still wealthy, such is the case of Malta, Luxembourg, Norway, and Ireland, but Italy is not in the lead anymore. Japan’s wealth per capita has increased, and so has the United States’, but the wealth of African countries has become the lowest worldwide.

Source: Global Finance: Wealth Distribution and Income Inequality by Country

 

World Production of Rare Earth Metals

the future global supply of rare earth elementsRare earth metals or rare earth elements are a collection of seventeen chemical elements located at the bottom of the periodic table. They are key elements in the manufacture of high technology components, hybrid cars, solar panels, lasers, electronics, etc.

As of 2010, China produced 97% of the total world production of rare earths, or 130,000 metric tons, followed by India (2%), Brazil (0.42%), and Malaysia (0.27%).

The estimated demand for rare earths for 2015 will increase 54% compared to the demand in 2010.

Source: GOOD: Infographic: The Future Global Supply of Rare Earth Elements

See also: IndexMundi: Commodities Glossary – Rare Earth Metals

 

The Most Devastating Tornadoes in the U.S. Since 1950

killer tornadoes since1950 usIn lieu of the killer tornado that hit Oklahoma city on May 20, 2013, Slate published a map of the most devastating tornadoes to hit the United States since 1950.

As seen in the map, the southwest is the region with the highest frequency of devastating tornadoes.

Source: Slate: Map of the Week: All Killer Tornadoes Since 1950

 

Global Attitudes About the Economy

global attitudes about the economyA survey conducted by the Pew Research Center in 39 nations, regarding attitudes about the state of the economy in the respondents’ respective countries, yielded interesting results.

Respondents in emerging economies are the most optimistic. A median of 53% believe their economy is doing well, specially in China and Malaysia. In contrast, respondents in developed economies are the most pessimistic. A median of only 24% say their economy is doing well. European nations such as Greece, Italy, Spain, and France are the most pessimistic of all.

In the case of developing economies, some are somewhat optimistic (Philippines and Bolivia), and other not so much (Tunisia and Lebanon).

Source: Pew Research Global Attitudes Project: Widespread Dissatisfaction with Economy

Read full report: Pew Research Global Attitudes Project: Economies of Emerging Markets Better Rated During Difficult Times

 

Gasoline Spending by State in the U.S.

gas guzzlers mint finalMint.com tracked how much its users spend on gasoline in one month, and how many times they visit the pump in the same period across the United States.

On average, Americans spend $177 on gas in single month, making an average of 6 visits to the pump, and spending an average of $32 in each transaction.

San Jose (California) stands out as the city where Mint users spend the most on gas, an average of $216 in a single month. Other cities where Mint users spend a lot on gas include Birmingham (Alabama), Jacksonville (Florida), Phoenix (Arizona), and Charlotte (North Carolina) to name a few. In contrast, in cities like New York, Brooklyn (New York), and Washington D.C., which have a good public transportation system, the gas bill is between $102 and $112 per month.

Source: Mint: Gas Guzzlers

 

The 50 Largest Ports in the World

worlds 50 largest portsEvery day finished goods and commodities are transported  by sea in shipping containers from one port to another across the globe. Standard shipping containers measure 20 feet long by eight feet wide, hence they receive the name of “Twenty-foot Equivalent Units” or TEUs.

The largest port in the world is in Shanghai (China) which saw a volume of 31.74 million TEUs of cargo freight passing through its port in 2011. Shanghai is followed by Singapore (Singapore) which saw a volume of 29.94 million TEUs passing through its port for the same year. Singapore is followed by Hong Kong, Shenzhen (China), Busan (South Korea), Ningbo, Guangzhou, and Qingdao (China), Dubai Ports (United Arab Emirates), and Rotterdam (Netherlands), all in the top ten.

For the interactive map, that allows you to explore each one of the largest 50 ports in the world, visit: The Smithsonian: Interactive: The 50 Largest Ports in the World

 

The World’s Largest Oil Reserves by Country

strategic oil reserves worldOil reserves are the amount of oil that can be technically and economically recovered from the ground.

Nations with the world’s largest oil reserves include Saudi Arabia, Venezuela, Iran, Iraq, Kuwait, United Arab Emirates, Russia, and Libya. Saudi Arabia, holds an approximate 234.5 billion barrels of oil reserves, and it has the largest market share for oil production after Russia. Saudi Arabia is followed by Venezuela, with an estimated 211.0 billion barrels of oil reserves, although its current oil production market share is only 3.2%.

By comparison, the United States has an estimated 30.9 billion barrels in oil reserves, and  8.7% market share in oil production.

Source: Spiegel Online: A World without Oil: Companies Prepare for a Fossil-Free Future

 

Women in the Workforce by Country

women and equality worldIt has been said, that if women participated in the workforce more actively, like their male counterparts, the Gross Domestic Product (GDP) of those countries would be higher.

However, most countries, including some developed nations do not have policies in place that support women’s participation in the workforce, such as access to education, credit, employment, paid maternity leave or child care.

Countries with the highest economic success for women (measured in terms of equality of pay, degree of inclusion in the workforce, and career advancement), that offer the best policies for supporting women in the workforce include Norway, Australia, Sweden, Finland, Germany, Belgium, and Iceland.

Countries with the lowest degree of economic success that have few policies (or none) that support women in the workplace include Chad, Sudan, Yemen, Pakistan, Syria, Saudi Arabia, among others.

women and equality world 2Some interesting facts about the success of women in the workplace and the policies in place to support them in certain countries can be seen in the graphic above.

Source: Harvard Business Review: Vision Statement: Women and the Economics of Equality

 

Elimination of Chemical Weapons Worldwide

elimination of chemical weapons worldThe Organization for the Proliferation of Chemical Weapons (OPCW) was created to oversee the elimination of existing chemical weapons and monitor the chemical industry to prevent the production of additional chemical weapons. The OPCW was created in 1997 in The Hague, Netherlands, with support from the United Nations (UN).

The OPCW has 188 members states, signatories of the Chemical Weapons Convention (CWC). Nations that did not sign the CWC include Syria, Egypt, South Sudan, Somalia, Angola, and North Korea. Myanmar signed it, but it has not ratified it to date.

As of 2012, 71% of global stockpiles of chemical weapons have been destroyed, 46% of the total amount of chemical munitions have been eliminated, and 100% of the chemical plants producing chemical weapons have been decommissioned.

Source: Ria Novosti News Agency: Infographics – Elimination of Chemical Weapons in the World

 

Crude Oil Exports and Imports by Country

crude net balance by countryVast quantities of crude oil are exported and imported each year. Some countries are net exporters (their oil exports are larger than their oil imports), and some are net importers (their oil imports are larger than their exports).

In this visualization by Data Driven Consulting, we can see that the United States was the largest net importer of crude oil in 2009. Other net importer countries include China, India, Japan, South Korea, Germany, Belgium, Italy, UK, Spain, Singapore, and Australia.

Among the net exporters of crude oil we find Russia, Saudi Arabia, Iran, Iraq, Norway, Venezuela, Mexico, and Canada.

For the full-size interactive dashboard, visit: Tableau Public: Exporters and Importers