See more visuals like this on the Voronoi app. Use This Visualization Mapped: Which States Brew the Most Craft Beer? 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 Seven states brewed more than 1 million barrels of craft beer in 2025 and together accounted for 53% of U.S. production. California led the nation with 3.45 million barrels, nearly one in six craft beer barrels brewed nationwide. Vermont and Maine ranked among the strongest producers relative to population, out-brewing several much larger states. American craft brewers produced roughly 22 million barrels of beer in 2025, the equivalent of more than 7 billion 12-ounce cans. That output is concentrated in a few key states. This map shows the barrels of craft beer produced in every U.S. state in 2025, based on data from the Brewers Association. Figures reflect the association’s June 2026 revision and cover all 50 states plus Washington, D.C. To count as craft, a brewery must produce no more than 6 million barrels per year and be less than 25% owned by a large alcohol company. One barrel equals 31 gallons, or roughly 330 twelve-ounce cans. California Brews Nearly One in Every Six U.S. Craft Beers California tops the nation with 3.45 million barrels of craft beer brewed in 2025. The state’s 939 craft breweries are also the most in the country, well ahead of second-place Pennsylvania’s 538. Pennsylvania ranks second in volume at 2.0 million barrels, with much of that total coming from Yuengling, America’s oldest operating brewery, founded in 1829, and its largest craft brewer by volume. The data table below shows each state’s total production of craft beer in 2025 in barrels: RankStateBarrels of Craft Beer Produced (2025) 1California3,450,329 2Pennsylvania2,004,382 3Texas1,422,277 4Ohio1,298,489 5New York1,281,220 6Florida1,153,556 7Oregon1,109,391 8Colorado854,707 9Massachusetts812,974 10North Carolina772,964 11Wisconsin609,271 12Georgia601,462 13Washington533,296 14Minnesota466,625 15Connecticut450,232 16Illinois409,589 17Vermont357,138 18Virginia342,075 19Maine338,405 20Missouri284,297 21Michigan267,660 22Arizona229,212 23Indiana222,088 24Montana216,992 25Delaware186,803 26Hawaii179,149 27Maryland176,644 28Tennessee174,083 29New Jersey161,094 30Louisiana155,643 31Iowa134,108 32Alaska133,395 33New Mexico132,852 34South Carolina125,086 35Kentucky121,865 36Utah102,241 37New Hampshire88,320 38Alabama80,869 39Arkansas71,520 40Oklahoma69,318 41Idaho64,945 42Wyoming63,130 43Rhode Island59,768 44Nevada54,683 45Nebraska46,358 46Kansas35,059 47District of Columbia30,036 48West Virginia21,562 49South Dakota21,183 50North Dakota19,051 51Mississippi18,262 In total, seven states: California, Pennsylvania, Texas, Ohio, New York, Florida, and Oregon, each brewed more than 1 million barrels in 2025. Together, they accounted for 53% of all U.S. craft beer production. At the other end of the list, Mississippi brewed 18,262 barrels of craft beer in 2025, the least of any state. Big States’ Beer Brewing and What Defines Craft Population explains much of the order, as the four most populous states, California, Texas, Florida, and New York, all rank in the top six, but not all of it. Ohio’s 1.3 million barrels edge out far larger New York and Florida, while Illinois, the sixth-most populous state, ranks just 16th at 409,589 barrels. Smaller states punch above their weight, too: Vermont, the second-smallest state by population, brewed 357,138 barrels in 2025, out-brewing far larger Virginia and Michigan, with Maine close behind at 338,405. Demand varies just as much as supply, with Americans’ alcohol spending per capita differing widely from state to state. Because the Brewers Association’s definition hinges on independent ownership, state totals can shift when breweries change hands. Colorado’s New Belgium Brewing, in 2019, and Michigan’s Bell’s Brewery, in 2021, were both acquired by Lion, a subsidiary of Japan’s Kirin. This moved their volumes out of the craft column and dented both states’ totals. That helps explain why Michigan’s 410 craft breweries produced just 268,660 barrels in 2025, ranking the state 21st by volume. Learn More on the Voronoi App If you enjoyed today’s post, check out Which States Have the Most Breweries Per Person? on Voronoi.

See more visualizations like this on the Voronoi app. Use This Visualization Ranked: Which Countries Americans Like Most—and Least 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 ranks as America’s most favorably viewed country, with 85% of Americans holding a positive opinion. Canada and the United Kingdom recorded their lowest favorability ratings since Gallup began tracking them. North Korea, Iran, and Russia are America’s least popular countries, with unfavorable ratings near 80% or higher. Public opinion offers a window into how Americans perceive the world beyond their borders. Using Gallup survey data from February 2026, this ranking shows how Americans view 21 major countries, from longtime allies to geopolitical competitors. The results provide a snapshot of global perceptions at a time of shifting international relationships and rising geopolitical tensions. How Americans View 21 Major Countries The table below shows favorable and unfavorable ratings based on a Gallup survey of 1,001 U.S. adults conducted in February 2026. Country% Favorable% No Opinion% Unfavorable Japan85%6%9% Italy84%6%10% Canada80%5%15% Denmark80%10%10% France76%7%17% United Kingdom76%6%18% Germany75%6%19% Mexico66%2%32% Ukraine63%6%31% India61%9%30% Egypt59%13%28% Israel46%6%48% Palestine37%10%53% Venezuela37%7%56% Cuba36%6%58% Saudi Arabia36%8%56% China34%5%61% Iraq21%8%71% Russia17%4%79% Iran13%8%79% North Korea13%5%82% America’s Allies Dominate the Top Canada remains one of America’s most favorably viewed countries, but its 80% rating is the lowest Gallup has recorded. Japan, Canada, Italy, Denmark, France, the United Kingdom, and Germany all rank near the top of the list. Their strong economic, security, and cultural connections to the U.S. highlight how foreign relationships can shape public perceptions. Notably, each of the top seven countries is either a NATO member or a formal U.S. treaty ally. Japan and Italy moved ahead of Canada and Britain in 2026 after favorability toward both longtime allies fell to record lows. Meanwhile, Japan’s rating has climbed steadily from 65% in 1995, reflecting decades of expanding economic and security ties. Mexico ranks eighth overall with a 66% favorable rating, suggesting that deep economic and cultural connections can outweigh political tensions. Israel Stands Apart Israel occupies a uniquely divisive position in American public opinion. In 2026, 46% of Americans viewed Israel favorably, while 48% viewed it unfavorably, making it one of the few countries in the survey with nearly equal shares of positive and negative views. The divide comes amid changing attitudes toward the Middle East conflict. According to Gallup, 2026 marked the first year in more than two decades that Americans expressed greater sympathy for Palestinians than Israelis. While this measure differs from overall country favorability, it highlights how public opinion on the region has shifted in recent years. What the Results Reveal The rankings suggest that public opinion is shaped by more than economics or geography alone. Countries with longstanding diplomatic, security, and cultural ties to the United States tend to receive the strongest ratings, while nations associated with conflict or strategic competition generally rank near the bottom. At the same time, the results highlight how perceptions can evolve. Japan has steadily climbed in favorability over the past three decades, while support for longtime partners such as Canada and the United Kingdom has softened in recent years. Learn More on the Voronoi App To learn more about this topic, check out this graphic on the countries losing trust in America.

Use This Visualization Ranked: The World’s Most Spoken Languages 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 Only two languages have more than 1 billion speakers: English and Mandarin Chinese. Six of the world’s 15 most spoken languages are primarily spoken in Asia. French, Portuguese, and Spanish rank among the global leaders thanks to their reach across multiple continents. English is spoken by nearly one in six people worldwide, making it the most spoken language on Earth in 2026. Using data from Ethnologue, this visualization ranks the world’s most spoken languages by total speakers, combining both native and second-language users. Only two languages have crossed the one-billion-speaker mark: English and Mandarin Chinese. Which Languages Have the Most Speakers? Below, the top 15 languages are ranked based on the latest Ethnologue data: RankLanguageTotal Speakers (Millions) 1English1.49B 2Mandarin Chinese1.18B 3Hindi611M 4Spanish561M 5Standard Arabic335M 6French334M 7Bengali274M 8Portuguese269M 9Indonesian255M 10Urdu246M 11Russian210M 12Standard German133M 13Japanese126M 14Nigerian Pidgin121M 15Egyptian Arabic118M English tops the ranking with 1.49 billion speakers, reflecting its role as the dominant language of international business, education, science, and media. While native English speakers make up only a fraction of that total, the language is widely taught and used as a second language around the world. Mandarin Chinese ranks second with 1.18 billion speakers. Its position is driven primarily by China’s large population, making it the world’s largest native language by number of speakers. The rankings reveal two major patterns: the influence of Asia’s population centers and the global reach of languages spoken across multiple continents. Asia Is Home to Many of the World’s Largest Language Communities Six of the top 15 languages in the ranking are primarily spoken in Asia, including Mandarin Chinese, Hindi, Bengali, Indonesian, Urdu, and Japanese. Together, these languages reflect the enormous population bases of China, India, Bangladesh, Indonesia, Pakistan, and Japan. Hindi ranks third globally with 611 million speakers, while Bengali ranks seventh with 274 million. European and Colonial Languages Have Wide Reach Spanish, French, Portuguese, Russian, and Standard German all rank among the world’s most spoken languages. Spanish places fourth with 561 million speakers, supported by its use across Latin America, Spain, and parts of the United States. French is used widely throughout Africa, Europe, and parts of North America, while Portuguese connects large populations in Brazil, Portugal, and several African countries. Their presence across multiple regions helps explain why both rank among the world’s most spoken languages. French ranks just behind Standard Arabic, with 334 million speakers worldwide. Arabic Appears in Multiple Forms Standard Arabic ranks fifth with 335 million speakers, while Egyptian Arabic ranks 15th with 118 million. This reflects the diversity of Arabic as both a standardized written language and a family of widely spoken regional varieties. Egyptian Arabic’s high ranking is linked to Egypt’s large population and its long-standing influence in Arab media and entertainment. Learn More on the Voronoi App If you enjoyed today’s post, check out Ranked: Where the World’s Migrants Live Today on Voronoi, the new app from Visual Capitalist.

Use This Visualization Mapped: How Japan Lost Its Economic Dominance 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 In 1995, Japan’s economy was larger than the rest of Asia, Africa, and Eastern Europe combined. By 2025, the combined economies of four Chinese provincial regions exceeded Japan’s entire GDP. The comparison highlights one of the biggest shifts in global economic power over the last 30 years. The story of modern Asia can be told through a single economic handoff. For decades, Japan was the region’s dominant economic power and one of the world’s most influential economies. But while Japan’s growth slowed after the collapse of its asset bubble, China embarked on an expansion that reshaped global trade, manufacturing, and investment. This graphic compares Japan’s nominal GDP in 1995 and 2025, using two striking snapshots to show how the balance of economic power in Asia has changed. National GDP figures come from the International Monetary Fund’s World Economic Outlook (April 2026), while Chinese provincial data comes from official statistical bulletins. Japan: Big in the 90s In 1995, the Soviet Union had just collapsed, and Japan was comfortably the world’s second-largest economy by nominal GDP after the United States. As the first non-Western country to industrialize, Japan had long been the dominant economic power in its region, aided by postwar rebuilding and high-quality, high-value exports coveted around the world. By 1995, Japan’s economy was larger than the rest of Asia, Africa, and Eastern Europe combined. This data table lists 1995 nominal GDP for Japan and selected global regions. Country/Region1995 GDP (trillions of USD) Japan5.6 Asia (ex. Japan)3.9 Eastern Europe0.8 Africa0.8 Japan’s rise was so dramatic that many observers in the 1980s believed it could eventually challenge U.S. economic leadership. Japanese firms dominated industries ranging from consumer electronics to automobiles, while Tokyo became synonymous with corporate and technological excellence. Washington responded with restrictions on Japanese car and semiconductor exports, as well as the Plaza Accord, which led to a sharp appreciation of the Japanese yen against the U.S. dollar and other currencies. Japan’s policy responses to the Plaza Accord have been cited in part for contributing to the country’s massive asset price bubble of the late 1980s. Japan’s Decline and the Rise of China Japan’s economy began to sputter after the collapse of the asset price bubble in 1990, and the following decades have often been referred to as the Lost Decades. During this period, Japan’s nominal GDP fell in part because of a weaker yen, real GDP growth slowed to a crawl, and national debt surged. Meanwhile, across the East China Sea, another Asian giant emerged. Through its reform and opening-up era, China’s economy grew rapidly throughout the early 21st century, averaging at least 7% growth annually and reshaping global supply chains. Despite having been an impoverished and underdeveloped country for much of the 20th century, China surpassed Japan in nominal GDP in 2010 and became the world’s second-largest economy. Japan and the Chinese Century In 1995, Japan outweighed most of Afro-Eurasia in nominal GDP. By 2025, however, China’s economic boom was visible even at the provincial level. Country/Province2025 GDP (trillions of USD) Japan4.4 Guangdong2.1 Fujian0.8 Zhejiang1.4 Shanghai0.8 China’s economy is a roughly $20 trillion powerhouse as of 2025, nearly five times larger than Japan’s. In fact, Japan’s nominal GDP is smaller than the combined GDP of Shanghai and the Chinese provinces of Fujian, Guangdong, and Zhejiang. Just as Japan once towered over the rest of Asia, China now stands as the region’s dominant economic power. Learn More on the Voronoi App If you enjoyed today’s post, check out The Rise of China and the Decline of Japan in Global Exports on Voronoi, the new app from Visual Capitalist.

Use This Visualization Elon Musk: The World’s First Trillionaire 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 Elon Musk’s forecasted net worth reaches over $1.1 trillion as SpaceX goes public, making him the world’s first trillionaire. At $1.1 trillion, Musk’s fortune is nearly four times that of the world’s second-richest person, Larry Page ($292.7 billion), and larger than the next three fortunes combined. For more than a century, the ceiling for personal wealth has been measured in billions. Today, that changes as SpaceX begins trading on the Nasdaq, pushing Elon Musk to become the world’s first trillionaire. This graphic ranks the world’s 10 richest people using net worth estimates from the Forbes Real-Time Billionaires list as of June 11, 2026. Musk’s figure is the approximately $1.1 trillion forecast from Forbes and Reuters calculations made ahead of SpaceX’s market debut. Elon Musk’s Wealth Eclipses the Richest in the World At a forecast $1.1 trillion, Musk’s fortune is nearly four times the size of the next-largest in the world, Google co-founder Larry Page’s $292.7 billion. It also exceeds the combined fortunes of Page, Sergey Brin ($270.0 billion), and Jeff Bezos ($251.5 billion), who rank second through fourth. The data table below shows the net worth of the top 10 richest people, using data from Forbes and a forecast calculated by Reuters and Forbes for Elon Musk’s net worth: RankNameNet Worth (USD Billions)Primary Source of Wealth 1Elon Musk*$1,100.0Tesla & SpaceX 2Larry Page$292.7Google 3Sergey Brin$270.0Google 4Jeff Bezos$251.5Amazon 5Larry Ellison$230.1Oracle 6Michael Dell$224.4Dell Technologies 7Mark Zuckerberg$195.3Meta 8Jensen Huang$177.1Nvidia 9Bernard Arnault & family$152.3LVMH 10Warren Buffett$143.4Berkshire Hathaway *Musk’s figure is his forecast post-IPO net worth, per Forbes and Reuters calculations based on company filings. All other figures are Forbes Real-Time Billionaires estimates as of June 11, 2026. The rest of the list underscores how concentrated extreme wealth has become: nine of the 10 are American, and eight of the 10 fortunes were built in technology, with the AI boom lifting the stakes of Jensen Huang, Larry Ellison, and Michael Dell to records over the past year. Together, the top 10 hold roughly $3.0 trillion, with Musk accounting for over a third of the total. How One IPO Mints a Trillionaire SpaceX priced its initial public offering at $135 per share, valuing the company at approximately $1.77 trillion, and raising up to $75 billion, which makes it the largest IPO in history, far surpassing the $25.6 billion raised by Saudi Aramco in its record 2019 listing. The trillionaire math comes from re-pricing what Musk already owns. As recently as January, when Musk became the first person to cross a $700 billion net worth, Forbes valued his SpaceX stake at $366 billion, based on the company’s $800 billion private-market valuation. At the $135 IPO price, that same stake is worth roughly $866 billion according to the company’s updated prospectus, more than doubling the value of his single largest asset overnight. There is one major caveat: it is a paper milestone. Musk’s SpaceX shares are locked up for more than 12 months after the listing, meaning the stake that pushes him past $1 trillion cannot be sold any time soon. Why $1.1 Trillion May Be the Floor The $1.1 trillion forecast is arguably conservative relative to its own components. Musk’s SpaceX stake at the IPO price (~$866 billion) plus his Tesla stock and options (roughly $455 billion combined) already total about $1.3 trillion, before counting his stakes in xAI and other private ventures. Forecasts typically apply discounts for locked-up shares, unexercised options, and taxes, which is how analysts arrive at the lower headline figure. Where his net worth actually lands depends on how SpaceX trades. Wealth trackers mark holdings at market prices, not the offer price, so a strong first-day pop could push Musk’s tracked net worth well above $1.1 trillion, while a weak debut could delay the milestone altogether. Either way, the trillion-dollar threshold caps a dramatic acceleration in record-setting wealth. It took until 1916 for John D. Rockefeller to become the world’s first billionaire, and another 101 years for Jeff Bezos to post the first $100 billion fortune in 2017. Musk crossed $600 billion in December 2025, $700 billion in January 2026, and is now set to reach $1 trillion just nine years after the first centibillionaire. Learn More on the Voronoi App If you enjoyed today’s post, check out how SpaceX’s IPO compares to past major IPOs on Voronoi.

Published 3 hours ago on June 12, 2026 By Julia Wendling Graphics & Design Abha Patil Twitter Facebook LinkedIn Reddit Pinterest Email The following content is sponsored by PICTON Investments What Happens to $10M in Investment Gains After Taxes? Taxes can quietly erode long-term investment returns. Two Canadians investing the same $1 million can earn identical 8% annualized returns over 30 years. Yet their final wealth can look dramatically different after taxes. This visual, created in partnership with PICTON Investments, shows how investment income types shape long-term net returns. It highlights why tax-aware portfolio construction matters for Canadian investors focused on preserving wealth. Why Tax Efficiency Matters Different investment income faces different tax treatment in Canada. Interest income, rental income, and foreign income typically face the highest tax rates. Capital gains and eligible dividends often receive more favourable treatment. Over 30 years, the impact compounds significantly. A portfolio generating interest income grows to just $3.2 million after taxes over 30 years, assuming 8% annualized returns. The same gross return generated through deferred capital gains grows to more than $7.5 million after taxes. Income TypeGross End Value (No Tax)Net End Value (After Tax)Total Tax Paid (30 Years) Interest/Foreign/Rental$10,062,657$3,191,411$6,871,246 Eligible Dividend$10,062,657$4,498,204$5,564,453 Realized Capital Gains$10,062,657$5,698,151$4,364,506 Deferred CG (Liquidated)$10,062,657$7,511,773$2,550,884 Non-Taxed$10,062,657$10,062,657$0 For illustration purposes only. That difference can reshape retirement outcomes, estate planning, and long-term wealth accumulation. Net Investing Starts With Portfolio Design Tax-efficient investing is not about chasing higher returns. It focuses on keeping more of what investors already earn. PICTON calls this approach “net investing.” Advisors evaluate every decision through a net lens. That includes account location, investment structure, and income type. The goal is simple: maximize net returns after taxes. Over time, disciplined tax management can create transformational differences in net wealth. Tax Rates Vary Across Canada Tax treatment also varies depending on where investors live. Across Canadian provinces and territories, interest income tax rates range from 44.5% in Nunavut to 54.8% in Newfoundland and Labrador. Capital gains generally face lower effective tax rates, ranging from 22.3% to 27.4%. Tax Rate ProvinceInterest IncomeCapital Gains*Non-Eligible Div.Eligible Div. Newfoundland & Labrador54.8%27.4%49.0%54.8% Nova Scotia54.0%27.0%50.0%54.0% Ontario53.5%26.8%47.7%53.5% Quebec53.3%26.7%48.7%53.3% New Brunswick52.5%26.3%46.8%52.5% Prince Edward Island52.0%26.0%47.9%52.0% British Columbia53.5%26.8%48.9%53.5% Alberta48.0%24.0%42.3%48.0% Saskatchewan47.5%23.8%41.3%47.5% Manitoba50.4%25.2%46.7%50.4% Yukon48.0%24.0%44.0%48.0% Northwest Territories47.1%23.5%36.8%47.1% Nunavut44.50%22.30%37.80%44.50% * Effective tax rate on capital gain has accounted for the 50% inclusion for taxable income. As of May 11th, 2026. Eligible Canadian dividends also benefit from preferential tax treatment in many provinces. The Power of Net Returns Taxes play a major role in long-term investing outcomes. Gross returns only tell part of the story. What investors keep after taxes ultimately determines how wealth compounds over time. By incorporating tax considerations into portfolio construction, investors can improve net returns and build stronger long-term outcomes. From income type to account structure, every decision can influence after-tax wealth accumulation. For Canadians focused on preserving and growing wealth, tax-efficient investing remains a critical part of building better portfolios. Explore Portfolio Design with Taxes in Mind. Source: Picton Mahoney Asset Management. For illustrative purposes only. Based on tax rates for an Ontario resident in the highest marginal tax bracket in 2026. This content is for informational purposes only and is not intended to provide specific financial, investment, tax, legal or accounting advice specific to any person, and should not be relied upon in that regard. Tax, investment and all other decisions should be made, as appropriate, only with guidance from a qualified professional. © 2026 Picton Mahoney Asset Management. All rights reserved. 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See more visualizations like this on the Voronoi app. Use This Visualization Ranked: Which States Are Leading America’s Economy? 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 Massachusetts ranks as America’s strongest state economy in 2026, ahead of Washington, Utah, and California. Sun Belt states including North Carolina, Texas, Florida, and Georgia now rank among the country’s economic leaders. Innovation, entrepreneurship, and talent attraction continue to separate the highest-performing states from the rest of the country. America’s biggest economies aren’t always its strongest. While California, Texas, and New York dominate in economic size, long-term competitiveness depends on a broader mix of factors, from business creation and labor market strength to innovation and investment. This 2026 analysis by WalletHub evaluates all 50 states and Washington, D.C. across 28 indicators of economic activity, economic health, and innovation potential. This ranking highlights the states that are building the foundations for future growth. Where Every State Ranks in 2026 The ranking below evaluates the economic strength of all 50 states and Washington, D.C. in 2026: RankStateTotal State Economy Score 2026 1Massachusetts69.4 2Washington67.3 3Utah65.9 4California65.0 5Delaware63.0 6North Carolina60.3 7New York57.6 8Texas57.0 9Colorado56.4 10Florida54.3 11Idaho53.4 12Georgia53.1 13New Hampshire52.9 14Virginia51.2 15Arizona51.1 16Connecticut51.0 17Tennessee50.8 18South Carolina49.3 19Montana48.9 20Maryland48.7 21Minnesota48.1 22Indiana47.4 23Kansas47.3 24Oregon47.1 25New Jersey46.2 26New Mexico45.7 27Michigan44.6 28Alabama44.4 29Vermont44.4 30Pennsylvania44.2 31Wisconsin43.5 32Alaska42.9 33District of Columbia42.1 34Nebraska41.7 35Nevada41.1 36Arkansas40.3 37Illinois40.1 38Ohio39.8 39Iowa39.3 40North Dakota38.8 41South Dakota38.7 42Missouri38.4 43Oklahoma38.3 44Hawaii38.3 45Mississippi36.2 46Wyoming35.9 47Rhode Island35.4 48Maine33.8 49Louisiana33.2 50Kentucky32.4 51West Virginia25.4 Why Massachusetts Leads the Ranking Massachusetts outperformed larger states including California, Texas, and New York thanks to its combination of innovation output, STEM talent, and business formation. It is also home to many of the nation’s fastest-growing tech companies, with business creation propelled by its innovation-driven economy and world-class universities. Despite being the nation’s 15th-most populous state, Massachusetts is well-positioned to drive innovation and economic growth as technology rapidly accelerates. Innovation Is the Biggest Separator The 10 highest-ranking states differ significantly in geography, politics, and industry mix. However, they share a common strength: generating new ideas and new businesses at a considerable rate. Like Massachusetts, Washington is powered by technology and research. Notably, software developers rank as Washington’s most common occupation. California remains the epicenter for AI giants and venture capital activity. Utah is now one of the country’s fastest-growing tech hubs, with cost-of-living-adjusted median household income reaching $91,600, the highest in the nation. In contrast, many of the lowest-ranked states produce fewer high-growth companies due to lower investment levels, fewer patents, and less-developed innovation ecosystems. The New Geography of Growth One of the clearest patterns in the ranking is the continued rise of the Sun Belt. North Carolina, Texas, Florida, and Georgia all rank among America’s economic leaders, reflecting years of population growth, business investment, and job creation. North Carolina ranks sixth overall, ahead of New York and Colorado. In 2025, it gained a net 84,100 residents, the highest in the country. Texas places eighth, while Florida and Georgia also rank among the top 15. Tennessee and South Carolina also finish comfortably in the upper half of the ranking, while both states recorded some of the strongest domestic migration gains last year. The result is a broader shift in America’s economic map. While coastal innovation hubs remain dominant, many Southern states are becoming important centers of growth in their own right. The States Building Tomorrow’s Economy The rankings suggest that future economic leadership will depend less on size alone and more on a state’s ability to attract talent, support entrepreneurship, and turn innovation into growth. Learn More on the Voronoi App To learn more about this topic, check out this graphic on the fastest-growing states by 2050.

Use This Visualization The Biggest IPOs in History—and Where SpaceX Fits In 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 SpaceX is expected to raise $75 billion in its June 2026 IPO, nearly three times more than any company in history. Saudi Aramco currently holds the IPO record after raising $25.6 billion in 2019. China, Japan, Saudi Arabia, and the U.S. account for many of the world’s largest public offerings. A SpaceX IPO could rewrite the record books. The Elon Musk-founded company is expected to raise roughly $75 billion when it goes public on June 12, 2026, which would make it by far the largest IPO ever recorded. For comparison, the current record holder, Saudi Aramco, raised $25.6 billion in its 2019 debut. This graphic ranks the biggest IPOs in history as of 2026 using corporate disclosures and news reports, based on gross proceeds raised before fees and expenses. Values are rounded to the nearest billion dollars, exclude greenshoe options, and are not adjusted for inflation. SpaceX: To the Moon? SpaceX is expected to IPO on June 12, 2026, at a value of $135 per share. Market forecasts predict that the space exploration company, founded by Elon Musk in 2002, will raise $75 billion in gross proceeds from its IPO. The following data table lists the largest IPOs in history based on gross proceeds. RankCompanyYearCountrySectorIPO Gross Proceeds (billions of USD) 1Saudi Aramco2019 Saudi ArabiaEnergy25.6 2Alibaba2014 ChinaTech21.8 3SoftBank Corp2018 JapanComm. services21.3 4Agricultural Bank of China2010 ChinaFinancial services19.2 5ICBC2006 ChinaFinancial services19.1 6AIA Group2010 Hong KongFinancial services17.8 7Visa2008 USAFinancial services, tech17.9 8NTT DoCoMo1998 JapanComm. services18.4 9Meta (Facebook)2012 USATech16.0 10Enel1999 ItalyEnergy16.4 --SpaceX2026 USASpace75 Companies decide how many shares to sell and at what price when they IPO, with the resulting figures contributing to the company’s total market capitalization. Based on the announced SpaceX figures, the company is valued at $1.75 trillion as of 2026. Notably, fewer than 20 publicly held companies have ever reached a market capitalization of one trillion dollars, with the most famous including Apple, Nvidia, Saudi Aramco, and TSMC. Musk’s electric vehicle company, Tesla, passed the one-trillion-dollar threshold in October 2021. Which Countries Have Produced the Biggest IPOs? The largest IPOs have come from a diverse mix of markets. Saudi Arabia holds the current record through Aramco, while China contributed several of the biggest public offerings through Alibaba, ICBC, and the Agricultural Bank of China. Japan also features prominently with SoftBank and NTT DoCoMo, while the U.S. appears through Visa and Meta. Together, these companies span energy, finance, communications, and technology, highlighting how blockbuster IPOs have emerged across multiple sectors and regions. 2026: The Year of the Massive IPO? Based on current projections, 2026 could be the year SpaceX shatters all IPO records. The company is also likely to be added to the Nasdaq-100 shortly after its debut following recent rule revisions by the major index. However, SpaceX is not the only giant expected to go public in 2026. Two leaders in artificial intelligence, Anthropic and OpenAI, have also filed documents indicating they could have IPOs by year’s end. Each of these companies is valued in the one-trillion-dollar range, and the two AI competitors are likely to compete for investor attention. In any case, 2026 could be a landmark year for massive public offerings. Learn More on the Voronoi App Want to take a look back at how some of the biggest IPOs transpired in years past? Check out The Best Performing U.S. IPOs of 2023 on Voronoi, the new app from Visual Capitalist.

Charted: Where Cooling Is Becoming a Luxury in Europe This was originally posted on the 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: Cyprus, Malta, Spain, and Italy record some of Europe’s highest cooling demand, putting growing pressure on household energy budgets. Northern European countries still have relatively low cooling needs, but hotter summers are steadily increasing demand across the region. High electricity prices across Europe are making air conditioning harder for many households to afford. Europe’s summers are getting hotter, longer, and more dangerous. At the same time, the cost of staying cool is rising, turning air conditioning and indoor cooling into a luxury for many households. The visualization above, created by DataPulse, uses data from Eurostat to examine cooling degree days across Europe, a metric used to estimate how much energy is needed to cool buildings. Countries in Southern Europe, including Spain, Italy, Greece, and Cyprus, record some of the highest cooling demand in the region. Meanwhile, Northern European nations have historically required little cooling, but hotter summers are steadily changing that equation. Why Cooling Demand Is Rising Cooling degree days measure how often outdoor temperatures exceed a comfort threshold, typically around 24°C (75°F). The higher the number, the greater the need for indoor cooling systems like air conditioning. As Europe experiences more frequent heatwaves, cooling is becoming less optional. Eurostat’s cooling degree day data shows how demand varies sharply across the continent, with hotter southern countries facing much higher cooling needs than most of Northern Europe. Country2024 Net Income (€, thousands)Cooling Degree Days Avg. Belgium30.421.2 Bulgaria7.8237.1 Czechia15.123.8 Denmark34.81.0 Germany27.621.8 Estonia16.113.0 Ireland33.00.1 Greece10.9418.4 Spain19.3308.8 France25.674.8 Croatia12.3207.8 Italy20.6317.4 Cyprus20.7804.9 Latvia12.814.0 Lithuania12.319.3 Luxembourg50.815.5 Hungary8.8158.7 Malta20.4772.5 Netherlands32.015.9 Austria33.231.8 Poland11.929.9 Portugal12.6226.4 Romania7.8158.7 Slovenia19.674.3 Slovakia10.264.4 Finland28.72.6 Sweden26.90.5 This trend comes alongside growing concerns over climate resilience. Heat-related deaths have climbed during extreme weather events, while public infrastructure faces additional strain during prolonged periods of high temperatures. Soaring Electricity Bills Are Widening the Cooling Gap While cooling demand rises, energy affordability is moving in the opposite direction. Electricity prices across Europe surged sharply following the energy crisis triggered by Russia’s invasion of Ukraine, exposing how vulnerable many households are to energy shocks. Even as wholesale prices stabilize, residential electricity bills remain elevated in many countries. For lower-income households, this creates what some researchers call a “cooling gap”: the inability to afford adequate indoor cooling during dangerous heat periods. The regions that need cooling most are also places where higher electricity costs can put added pressure on household budgets. This is turning access to cooling into a growing climate affordability issue across Europe. The issue also intersects with broader emissions and energy-transition debates. While cooling demand grows, Europe is simultaneously attempting to reduce fossil fuel dependence and decarbonize its electricity grid. When Air Conditioning Becomes Essential Infrastructure Historically, many European homes were built to retain heat rather than release it. As a result, buildings in countries like Germany, France, and the UK are often poorly adapted for extreme summer temperatures. This raises a larger question for Europe: when extreme heat becomes more common, should access to cooling be treated as basic infrastructure? In many parts of the world, access to cooling increasingly resembles a public health necessity rather than a discretionary expense. Governments are beginning to invest in cooling centers, urban tree coverage, and building retrofits to reduce indoor heat exposure without relying solely on energy-intensive air conditioning. Still, for millions of households, relief from extreme heat may ultimately come down to one thing: whether they can afford the electricity bill. Learn More on the Voronoi App To learn more about Europe’s energy transition and climate outlook, check out Europe’s Emissions Are Set to Shrink 43% by 2050 on the Voronoi app.

Use This Visualization China Added More Solar Than the Rest of the World Combined 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 China added 336 TWh of new solar generation in 2025, more than the rest of the world combined (300 TWh). China accounted for 53% of all global solar additions, helping solar meet 75% of worldwide electricity demand growth. Asia outside China, North America, and Europe each added around 80–90 TWh, highlighting the scale gap between China and every other region. Solar power continued its record expansion in 2025, becoming the largest source of new electricity generation worldwide and meeting 75% of global demand growth. The pace of deployment also helped drive a rare milestone: global fossil fuel generation declined even as electricity demand increased. According to Ember’s Global Electricity Review 2026, rapid clean power additions in China and India were a major reason why. This map shows where new solar generation was added in 2025, highlighting the regions leading the world’s energy transition. China vs. the World China added 336 terawatt-hours (TWh) of new solar generation in 2025, exceeding the combined total of every other region. To put that scale into perspective, China’s solar additions in a single year were greater than all of the electricity the United Kingdom used in 2025 (322 TWh). The data table below breaks down solar additions in 2025 by region, along with China: Country/Region2025 Solar Power Additions (TWh) China336 Asia (ex. China)90 North America86 Europe80 Latin America & Caribbean24 Middle East10 Oceania6 Africa4 Excluding China, the rest of the world accounted for 300 TWh of new solar additions. Asia outside China added the second-largest amount of solar with 90 TWh, followed by North America at 86 TWh and Europe at 80 TWh. Why China’s Scale Matters The scale of China’s electricity deployment has global implications. In 2025, global fossil fuel generation fell, which according to Ember, may be the first time this has happened without an economic recession or stagnation as the leading cause. Fossil fuel generation reductions were led by China (-56 TWh) and India (-52 TWh), driven by each country’s rapid clean power deployment. This was despite moderate fossil fuel generation increases in the U.S., EU, and other regions. China dominates the solar supply chain, allowing it to leverage its production scale to lower costs and accelerate adoption. However, this makes the global energy transition more exposed to Chinese policy, trade rules, and manufacturing capacity. Global Solar Power Additions Are Soaring It was a record-setting year as the world added 636 TWh of solar power, beating the previous solar record in 2024 (+479 TWh) by 33%. This is the fourth year in a row that solar has had the largest absolute growth of any electricity source. Coal is the only electricity source to have a larger recorded annual increase in recent years, after generation jumped by 719 TWh following the pandemic in 2021. However, coal’s expansion was driven by a rebound in demand, unlike solar’s structural capacity expansion. 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.

Published 2 hours ago on June 11, 2026 By Cody Good Graphics & Design Abha Patil Twitter Facebook LinkedIn Reddit Pinterest Email The following content is sponsored by Global X Canada Ranked: Which Countries Produce the Most Silver? Key Takeaways Mexico produces the most silver in the world, mining 173 million ounces, or about 20% of global supply. Peru and China are the key runners up, and their combined scale highlights how supply depends on a small group of major mining countries. Mexico is the world’s top silver producer, mining 173 million ounces, or about one-fifth of global supply. That scale gives the country an outsized role in a market already facing a fifth straight annual deficit. This graphic, in partnership with Global X Canada, is the first of three graphics in the Investing in Silver series. It shows which countries produced the most silver in 2025. Mexico Leads with the Most Silver Production In 2025, Mexico mined 173 million ounces, or about 20% of global output, making it the world’s top producer. CountryRegionMillion ounces MexicoNorth America173 PeruSouth America131 ChinaAsia113 RussiaEurope56 BoliviaSouth America50 ChileSouth America43 PolandEurope43 United StatesNorth America36 AustraliaOceania33 ArgentinaSouth America22 IndiaAsia20 KazakhstanAsia17 SwedenEurope14 MoroccoAfrica12 UzbekistanAsia11 CanadaNorth America10 IndonesiaAsia9 IranMiddle East4 SpainEurope4 Papua New GuineaAsia4 Others-45 Global Total-847 Source: The Silver Institute: World Silver Survey 2026 Peru ranked second with 131 million ounces, followed by China with 113 million ounces. Taken together, North and South America lead the world with 219 and 246 million ounces, respectively. Production Hubs and Supply Risks Global production spans every major region, yet output remains clustered in a few mining economies. This puts major producers in focus for investors tracking opportunities and supply risks. At the same time, markets have tightened as demand has outpaced supply. For the fifth straight year, global supply has run a deficit. Existing producers are under pressure while new sources of supply may present opportunities for early investment. Investing in Silver For investors, silver offers exposure to both industrial growth and precious-metal demand. In addition, production concentration can support prices when supply disruptions hit major mining regions. As supply deficits persist, Global X Canada’s ETFs can help investors access commodities without choosing individual miners. To learn more, explore the Global X Silver Miners Index ETF (SLVX) as demand rises, supporting a long-term growth opportunity. See how SILVX offers potential upside through rising prices and operational growth within the silver sector. 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Use This Visualization Ranked: The World’s Biggest Reserve Currencies Today See visuals like this from many other data creators on our Voronoi app. Download it for free on iOS or Android and discover data-driven charts from a variety of trusted sources. Key Takeaways The U.S. dollar accounted for 56.8% of global foreign exchange reserves at the end of 2025, more than all other major reserve currencies combined. The euro ranked second with $2.66 trillion in reserve holdings, equal to 20.2% of the global total. China’s renminbi represented just 2.0% of reserves, down from its 2022 peak despite years of de-dollarization efforts. Central banks held $13.1 trillion in foreign exchange reserves at the end of 2025, with the U.S. dollar continuing to dominate global holdings. Despite years of discussion around de-dollarization, reserve managers still keep the majority of their assets in dollar-denominated instruments. Meanwhile, the euro remains the leading alternative, and the Chinese renminbi’s share has slipped from recent highs. This visualization shows how global foreign exchange reserves were allocated across currencies in Q4 2025, based on data from the IMF’s Currency Composition of Official Foreign Exchange Reserves (COFER) database. The Dollar Still Dominates Global Reserves Despite years of de-dollarization efforts, the U.S. dollar remains by far the world’s most important reserve currency. Central banks collectively held $7.46 trillion in dollar-denominated reserves at the end of 2025, representing 56.8% of the global total. CurrencyReserves (USD trillions)Share of Total Reserves U.S. dollars7.4656.8% Euros2.6620.2% Japanese yen0.765.8% Pounds sterling0.584.4% Canadian dollars0.332.5% Australian dollars0.272.0% Chinese renminbi0.262.0% Swiss francs0.030.2% Other currencies0.816.1% Total foreign reserves13.14100.0% The dollar’s dominance stems from the size of the U.S. economy, the depth of U.S. Treasury markets, and its central role in global trade and finance. Many commodities, including oil, continue to be priced and settled in dollars, reinforcing demand for the currency worldwide. The dollar’s share has gradually declined from roughly 65% a decade ago, but no single currency has emerged as a clear replacement. The Euro Remains the Leading Alternative The euro is the world’s second-largest reserve currency, accounting for $2.66 trillion in holdings and 20.2% of total reserves. Although well behind the dollar, the euro remains the primary alternative for central banks seeking diversification. The currency benefits from the economic size of the Eurozone and the liquidity of European government bond markets. Together, the dollar and euro account for more than three-quarters of all global reserves. Beyond these two leaders, the Japanese yen and British pound hold shares of 5.8% and 4.4%, respectively. Renminbi Growth Has Stalled One of the most notable findings is the relatively small role played by China’s renminbi. Central banks held approximately $257 billion worth of renminbi reserves in Q4 2025, equal to just 2.0% of the global total. The renminbi’s reserve share declined from its 2022 peak of 2.9%, despite expectations that geopolitical tensions and diversification efforts might accelerate its adoption. Instead of flowing primarily into the renminbi, some reserve diversification has been spread across currencies such as the Canadian dollar, Australian dollar, Swiss franc, and a growing collection of smaller reserve currencies. Learn More on the Voronoi App If you enjoyed today’s post, check out The $126T Global Economy in One Giant Chart on Voronoi.

Use This Visualization Ranked: Where Electricity Costs the Most and Least 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 Bermuda has the world’s highest residential electricity prices at $0.466 per kWh, while Iran has the lowest at just $0.003. Households in the most expensive markets pay more than 150 times as much for electricity as those in the cheapest. Europe and fuel-importing island nations dominate the highest-cost rankings. What determines the price of electricity? The answer varies widely across countries, with energy policy, fuel availability, taxes, and infrastructure all playing a role. Using data from GlobalPetrolPrices.com, this visualization ranks countries by average residential electricity prices between 2023 and 2026. The results reveal a striking divide between regions that subsidize power or have abundant energy resources and those facing higher generation and distribution costs. Why Is Electricity So Expensive in Europe? Europe accounts for many of the world’s highest residential electricity prices. Ireland, Italy, Germany, Belgium, and the UK all rank among the global top 10. RankCountryElectricity rates in USD/kWh, (2023–2026 average) 1 Bermuda0.466 2 Ireland0.447 3 Italy0.415 4 Cayman Islands0.411 5 Germany0.406 6 Belgium0.404 7 UK0.404 8 Liechtenstein0.402 9 Switzerland0.366 10 Denmark0.361 11 Czech Republic0.352 12 Austria0.351 13 Bahamas0.348 14 Cyprus0.340 15 Cape Verde0.329 16 Barbados0.313 17 Guatemala0.297 18 Estonia0.290 19 Jamaica0.287 20 Netherlands0.284 21 Latvia0.281 22 Lithuania0.281 23 France0.276 24 Luxembourg0.258 25 Australia0.257 26 Uruguay0.254 27 El Salvador0.253 28 Spain0.253 29 Greece0.251 30 Sweden0.241 31 Portugal0.237 32 Poland0.234 33 Honduras0.233 34 Singapore0.233 35 Sierra Leone0.231 36 Japan0.228 37 Slovenia0.227 38 Chile0.224 39 Mali0.221 40 Kenya0.218 41 Belize0.217 42 Slovakia0.213 43 Romania0.212 44 Aruba0.211 45 New Zealand0.209 46 Burkina Faso0.208 47 Rwanda0.208 48 Philippines0.207 49 Gabon0.207 50 Colombia0.205 51 South Africa0.204 52 Togo0.198 53 Andorra0.195 54 Peru0.187 55 USA0.186 56 Hong Kong0.184 57 Senegal0.183 58 Israel0.182 59 Croatia0.178 60 Moldova0.177 61 Iceland0.177 62 Panama0.176 63 Nicaragua0.176 64 Finland0.174 65 Uganda0.171 66 Costa Rica0.170 67 Brazil0.162 68 Norway0.162 69 Bulgaria0.154 70 Cambodia0.150 71 Malta0.148 72 Ghana0.143 73 Namibia0.141 74 Mauritius0.134 75 Ivory Coast0.131 76 Madagascar0.129 77 Serbia0.128 78 North Macedonia0.128 79 Eswatini0.127 80 Thailand0.127 81 Mozambique0.127 82 South Korea0.126 83 Canada0.123 84 Montenegro0.121 85 Morocco0.120 86 Albania0.118 87 Sri Lanka0.116 88 Dominican Republic0.115 89 Armenia0.112 90 Hungary0.110 91 Mexico0.108 92 Lesotho0.106 93 Bosnia & Herzegovina0.106 94 Maldives0.101 95 Taiwan0.098 96 Ecuador0.097 97 Botswana0.094 98 Indonesia0.091 99 Tanzania0.091 100 Jordan0.090 101 Malawi0.087 102 Belarus0.085 103 Cameroon0.084 104 Argentina0.083 105 Ukraine0.083 106 UAE0.080 107 Vietnam0.078 108 India0.077 109 China0.076 110 Venezuela0.069 111 Russia0.068 112 Turkey0.067 113 Tunisia0.067 114 Georgia0.066 115 DR Congo0.065 116 Pakistan0.064 117 Bangladesh0.062 118 Trinidad & Tobago0.057 119 Kazakhstan0.056 120 Paraguay0.054 121 Afghanistan0.052 122 Saudi Arabia0.052 123 Malaysia0.050 124 Suriname0.049 125 Bahrain0.048 126 Azerbaijan0.048 127 Nepal0.043 128 Algeria0.041 129 Kuwait0.039 130 Uzbekistan0.037 131 Nigeria0.036 132 Qatar0.032 133 Oman0.030 134 Laos0.029 135 Myanmar0.025 136 Egypt0.024 137 Zambia0.023 138 Angola0.016 139 Bhutan0.015 140 Cuba0.015 141 Sudan0.015 142 Iraq0.015 143 Kyrgyzstan0.014 144 Ethiopia0.006 145 Iran0.003 While fuel costs play a role, household electricity bills in many European countries also include taxes, environmental levies, renewable energy surcharges, and grid maintenance costs. These additional charges can significantly increase the final price consumers pay compared with countries that subsidize electricity or have abundant domestic energy resources. Why Do Island Nations Pay So Much for Power? Five island economies rank among the world’s most expensive electricity markets, including Bermuda, the Cayman Islands, the Bahamas, Barbados, and Cape Verde. Unlike larger countries that can draw power from extensive regional grids, many islands generate electricity locally using imported fuels. Transport costs, smaller customer bases, and limited economies of scale all contribute to higher electricity bills, leaving households more exposed to swings in global energy prices. Subsidies Keep Prices Low in Energy-Rich Countries At the opposite end of the ranking, many countries with abundant fossil fuel resources maintain exceptionally low electricity prices. Iran records the lowest average residential electricity price globally at just $0.003 per kWh. Other countries with very low prices include Ethiopia, Kyrgyzstan, Iraq, Angola, and Egypt. In many cases, government subsidies help keep electricity affordable for households. Energy-producing nations such as Qatar, Kuwait, Saudi Arabia, and Algeria also benefit from access to low-cost domestic fuel supplies, allowing them to offer electricity at a fraction of the prices seen in Europe. The World’s Biggest Electricity Price Gap The difference between the highest- and lowest-priced electricity markets is striking. Bermuda’s average residential electricity price of $0.466 per kWh is more than 155 times higher than Iran’s average of $0.003. While expensive markets are often found in Europe and island economies, many of the cheapest countries either produce large amounts of fossil fuels domestically or subsidize electricity for households. These policies can dramatically reduce consumer prices, though they often come at a significant fiscal cost to governments. Learn More on the Voronoi App To learn more about where the world’s energy comes from, check out this graphic on Voronoi, which shows global crude oil production by region.

Mapped: The Trust Gap Across Europe See visuals like this from many other data creators on our Voronoi app. Download the app for free on iOS or Android and discover data-driven charts from a variety of trusted sources. Key Takeaways: Teen trust levels in Northern and Western Europe have declined over the last decade, while Eastern and Southern Europe saw gains. Danish teenagers now rank below peers in Romania, Poland, and Bulgaria on measures of social trust. Despite major regional shifts, overall trust levels across Europe have remained relatively stable since the 2010s. A handshake with a stranger once carried different meaning in Europe. In countries like Denmark, Finland, and the Netherlands, high social trust was often viewed as part of the social fabric itself. But according to a visualization created by The European Correspondent, younger Europeans are beginning to see trust differently. The graphic draws on Eurostat data measuring how strongly people agree with the statement that “most people can be trusted.” While overall trust across Europe has remained relatively stable over the past decade, the regional shifts underneath the surface tell a more complicated story. A Generational Shift in Trust One of the clearest findings is that trust among teenagers has weakened in parts of Northern and Western Europe. Country Trust Score (2013)Trust Score (2025) Belgium5.76.2 Bulgaria4.25.4 Czechia5.35.3 Denmark8.35.7 Germany5.55.6 Estonia5.85.3 Ireland6.46.7 Greece5.35.1 Spain6.36.2 France5.04.0 Croatia5.16.6 Italy5.76.1 Cyprus4.53.5 Latvia6.56.1 Lithuania6.14.4 Luxembourg5.55.6 Hungary5.35.3 Malta6.25.0 Netherlands6.96.7 Austria5.85.4 Poland6.06.9 Portugal5.35.5 Romania6.47.5 Slovenia6.54.6 Slovakia5.86.1 Finland7.47.0 Sweden6.85.6 Norway7.36.0 Serbia4.25.5 Türkiye4.53.3 Today, Danish teenagers rank below peers in countries like Romania, Poland, and Bulgaria on some trust measures. That marks a sharp reversal for a country long associated with some of the world’s highest social trust levels. Meanwhile, several Eastern and Southern European countries have experienced rising trust among younger generations. The trend suggests that trust is not fixed or cultural destiny. It can shift significantly within a single decade. Why Social Trust Matters The biggest surprises come from the contrasting regional trends. Countries once viewed as Europe’s most trusting societies have slipped, while several Eastern European nations have climbed steadily higher. Researchers studying social trust argue that economics alone cannot explain these changes. A 2024 study published in the European Journal of Political Economy found that institutional confidence, perceptions of fairness, and social inclusion all play important roles in shaping whether people trust others. Another sociological review found that trust often develops through everyday social experiences, schools, communities, and local institutions can reinforce or weaken it over time. In other words, trust behaves less like a permanent national trait and more like a living social condition. The Younger Generation Is Sending a Message The decline in trust among younger Europeans may also reflect broader anxieties facing Gen Z. Even in wealthy countries, younger people increasingly report feeling disconnected from institutions and from each other. That may help explain why some traditionally high-trust countries are seeing trust erode among teens despite maintaining strong economies. At the same time, several countries in Eastern Europe have experienced improving living standards and greater integration into broader European institutions over the past decade, potentially helping boost confidence and social cohesion. The findings also align with broader global research on confidence and civic participation. In fact, recent data on how much people trust institutions by country shows that institutional trust and interpersonal trust often move together. Ultimately, the data suggests that trust is neither guaranteed nor permanent. And for governments across Europe, the attitudes of younger generations may serve as an early warning sign about the long-term health of social cohesion. Learn More on the Voronoi App If you enjoyed today’s post, check out Can People be Trusted? We Find Out on the Voronoi app.

Use This Visualization Mapped: Where the World’s Ultra-Rich Live 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 data-driven charts from a variety of trusted sources. Key Takeaways The U.S. and China are home to 55% of the world’s ultra-high-net-worth individuals. Poland recorded the fastest growth since 2021, with its ultra-rich population rising 109%. India climbed from 10th to 6th place, overtaking Italy, Australia, Switzerland, and Japan. The world’s ultra-rich population continues to grow, fueled by rising stock markets, expanding business ownership, and growing concentrations of wealth in both developed and emerging economies. While the United States remains the dominant home for ultra-high-net-worth individuals (UHNWIs), wealth creation is becoming increasingly global. Countries such as India and Poland have seen especially rapid growth in their wealthy populations over the last five years. This map shows where the world’s ultra-rich live in 2026, based on data from the Knight Frank’s Wealth Report 2026. The report defines ultra-high-net-worth individuals as those with at least $30 million in net assets. The U.S. and China Lead by a Wide Margin The United States is home to 251,352 ultra-high-net-worth individuals, more than any other country in the world. China ranks second with 121,677, giving the two nations a combined total of over 373,000 ultra-rich residents. Their dominance reflects the size of their economies, deep capital markets, and thriving entrepreneurial sectors. The rapid growth of technology companies and financial assets has further accelerated wealth creation in both countries. RankCountryUltra-high-net-worth individuals (2026) 1 U.S.251,352 2 China121,677 3 Germany38,215 4 UK27,876 5 France21,518 6 India19,877 7 Japan18,914 8 Switzerland17,692 9 Australia16,460 10 Italy15,433 11 Canada12,920 12 Spain9,186 13 Russia8,399 14 Singapore7,171 15 Sweden6,845 16 Hong Kong SAR6,788 17 Brazil5,808 18 Israel5,462 19 Netherlands5,077 20 UAE4,851 21 Denmark4,657 22 Saudi Arabia4,388 23 Turkey4,208 24 Austria4,188 25 Mexico3,860 26 Indonesia3,833 27 Poland3,017 28 Thailand2,853 29 Norway2,460 30 Czech Republic2,270 31 Ireland2,196 32 Portugal2,187 33 Philippines1,910 34 New Zealand1,710 35 Malaysia1,566 36 Argentina1,554 37 South Africa1,347 38 Finland1,317 39 Vietnam1,233 40 Greece910 41 Qatar838 42 Egypt822 43 Romania749 44 Morocco432 45 Monaco239 Germany ranks a distant third with 38,215 UHNWIs, followed by the United Kingdom and France. India’s Rapid Wealth Expansion India has emerged as one of the biggest success stories in global wealth creation. The country now ranks sixth worldwide with 19,877 ultra-high-net-worth individuals. Since 2021, India has climbed from 10th to 6th place, overtaking Italy, Australia, Switzerland, and Japan. Strong economic growth, a thriving startup ecosystem, and rising equity markets have helped drive this expansion. Poland Records the Fastest Growth Among all countries in the report, Poland posted the largest percentage increase in ultra-high-net-worth individuals since 2021. Its UHNWI population surged 109%, reaching 3,017 people in 2026. The growth reflects the country’s expanding economy, rising investment activity, and increasing integration into European markets. Other emerging wealth hubs include the UAE, Saudi Arabia, Indonesia, and Vietnam, where economic growth and investment continue to attract capital. Learn More on the Voronoi App If you enjoyed today’s post, check out Ranked: The World’s Largest Stock Markets on Voronoi.

Use This Visualization Mapped: How Household Income Varies Across Major U.S. Metros 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 San Jose has the highest median household income among major U.S. metros at $175,491, more than double the figure in several lower-ranked metros. The national median household income is $85,828 as of March 2026. Many of the highest-income metros are concentrated in California and the Northeast, reflecting the strength of sectors like technology, finance, and government. Salaries are often like real estate: it’s all about location, location, location. For proof, just look at how much households make each year in the biggest metros of the United States. This map lists the median household income of the 50 most populous metropolitan areas in the U.S. using March 2026 model-estimated data from the Federal Reserve Bank of Atlanta’s Home Ownership Affordability Monitor (HOAM). Using figures drawn from Census American Community Survey (ACS) data nowcasted to March 2026, the national U.S. median household income is $85,828. High Earnings on the Coast Households have the highest median incomes in coastal metros, particularly in California. The highest earners in the country are found in San Jose ($175,491) and nearby San Francisco ($141,277), both of which form part of Silicon Valley. This area is buoyed by high tech salaries and many dual-income, college-educated households, all of which drive up median incomes for the area. The following data table lists U.S. metros based on their median household income. RankMetroMedian Household Income (2026) 1San Jose, CA$175,491 2San Francisco, CA$141,277 3Washington, DC$130,587 4Boston, MA$125,025 5San Diego, CA$115,012 6Seattle, WA$114,804 7Denver, CO$112,231 8Raleigh, NC$107,446 9Portland, OR$104,269 10Salt Lake City, UT$104,059 11Sacramento, CA$103,447 12New York, NY$103,166 13Baltimore, MD$102,578 14Austin, TX$101,583 15Los Angeles, CA$101,268 16Minneapolis, MN$101,123 17Hartford, CT$98,059 18Dallas, TX$97,808 19Atlanta, GA$96,651 20Riverside, CA$95,039 21Philadelphia, PA$94,766 22Phoenix, AZ$93,845 23Chicago, IL$93,572 24Nashville, TN$92,333 25Charlotte, NC$91,059 26Kansas City, MO$88,033 27Columbus, OH$87,273 28Virginia Beach, VA$86,046 29Orlando, FL$84,866 30Jacksonville, FL$84,841 31Miami, FL$84,814 32Houston, TX$84,610 33Cincinnati, OH$84,546 34St. Louis, MO$84,425 35Las Vegas, NV$83,859 36Richmond, VA$83,637 37Tampa, FL$82,721 38Providence, RI$82,527 39San Antonio, TX$82,130 40Pittsburgh, PA$81,967 41Indianapolis, IN$81,718 42Milwaukee, WI$80,485 43Birmingham, AL$79,463 44Detroit, MI$79,294 45Louisville, KY$77,221 46Oklahoma City, OK$76,960 47Cleveland, OH$76,118 48Buffalo, NY$74,258 49Memphis, TN$70,056 50New Orleans, LA$65,021 —United States $85,828 Other coastal cities see similar trends as the Bay Area, including Boston ($125,025), San Diego ($115,012), and even the nation’s capital of Washington, D.C. ($130,587). In each of these cities, productive and diverse economic sectors like technology, government, and finance blend with above-average education levels to bolster median household income. The Bigger the Paycheck, The Bigger the Bill However, it’s not all smooth sailing in these high-income areas. Higher incomes tend to correlate with higher costs for everything from housing to gas to dining and other amenities. In the nice neighborhoods of New York, which has a median household income of $103,166, a $20 cocktail is standard while gym memberships can run in the hundreds each month. And the biggest expense around, housing, can mean that high-earning professionals still see their paychecks eaten up by multi-thousand-dollar rent or mortgage payments. The situation is not much better in similar coastal cities like Los Angeles ($101,268) or Seattle ($114,804). Lower Incomes and Lower Costs On the other end of the spectrum are cities like Buffalo ($74,258), Memphis ($70,056), and New Orleans ($65,021). These cities all have median household incomes below the national average. These smaller cities, which see less housing demand and in many cases have faced decades of deindustrialization, tend to have far less concentration of world-class tech and finance talent. They are instead reliant on legacy industries such as construction, manufacturing, and retail. However, these cities’ lower salaries are often offset by lower housing and everyday costs than in Boston, New York, or the Bay Area. Learn More on the Voronoi App Wondering about the impact of housing in all these metros? Check out This Chart Shows the Decline of Housing Affordability in the U.S. on Voronoi, the new app from Visual Capitalist.

See more visualizations like this on the Voronoi app. Use This Visualization Ranked: The World’s Richest Countries by GDP 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 Ireland rose from 14th to 2nd place since 2000, with GDP per capita climbing above $140,000. Japan fell from #2 to #39, marking one of the sharpest declines among advanced economies. Nine of the world’s 15 richest countries in 2026 are located in Europe. The world’s richest countries look very different than they did 25 years ago. Ireland has climbed from 14th place to second, while Japan has fallen from #2 to #39 despite remaining the world’s fourth-largest economy. These shifts highlight how globalization, technology investment, demographics, and currency movements have reshaped economic prosperity over time. Using data from the International Monetary Fund’s latest World Economic Outlook, this graphic compares GDP per capita across the world’s richest countries in 2000 and 2026. Figures are shown in current U.S. dollars and are not adjusted for inflation. The Global Wealth Leaderboard in 2026 The table below compares the world’s richest countries in 2000 and 2026 based on nominal GDP per capita. Rank (2026)CountryRegionGDP Per Capita 2000 ($, thousands, nominal)GDP Per Capita 2026 ($, thousands, nominal) 1 LuxembourgEurope48.98158.73 2 IrelandEurope26.19140.19 3 SwitzerlandEurope39.42126.18 4 IcelandEurope32.75110.05 5 SingaporeAsia-Pacific23.85107.76 6 NorwayEurope37.91105.88 7 U.S.N. America36.3194.43 8 DenmarkEurope30.7883.45 9 NetherlandsEurope26.3479.92 10 Macao SAR*Asia-Pacific15.7276.45 11 AustraliaAsia-Pacific20.9575.65 12 SwedenEurope29.670.68 13 IsraelMiddle East21.769.8 14 QatarMiddle East30.4668.14 15 AustriaEurope24.567.76 Earliest available data for Macao SAR is from 2001. Ireland’s Remarkable Rise No country climbed the rankings faster than Ireland. Its GDP per capita increased more than fivefold between 2000 and 2026, lifting it from 14th place to second globally. The country’s rise reflects decades of foreign investment from multinational technology, pharmaceutical, and financial firms that use Ireland as a European base. Singapore also posted one of the largest gains, rising from 20th to fifth place. Like Ireland, the city-state benefited from its role as a global hub for finance, trade, and advanced industries. Together, the two countries illustrate how smaller economies can rapidly climb the global wealth rankings by attracting investment and high-value industries. How Japan Dropped From #2 to #39 Japan’s decline is one of the most striking shifts in the global rankings. In 2000, only Luxembourg had a higher GDP per capita. By 2026, Japan ranks 39th despite remaining one of the world’s largest economies by total output. Japan ranked ahead of Switzerland, Norway, and Denmark in 2000. Today, all four rank dramatically higher. An aging population, shrinking workforce, decades of slow growth, and a weaker yen have all contributed to its decline in dollar-based GDP-per-capita rankings. The result highlights the difference between economic size and economic output per person. Europe Still Dominates the Wealth Rankings Despite major shifts elsewhere, Europe remains the world’s leading concentration of high-income economies. Nine of the top 15 countries in the 2026 ranking are European, including Luxembourg, Ireland, Switzerland, Norway, Denmark, the Netherlands, Austria, Iceland, and Sweden. Many of these nations combine highly productive industries with strong institutions, skilled workforces, and access to large regional markets through the European Union. The rankings also reveal that economic prosperity is not solely determined by a country’s size. Most of the world’s richest economies have relatively small populations, allowing strong industries and high-value exports to translate into larger gains on a per-person basis. Meanwhile, several of the world’s largest economies, including China, India, Brazil, and Indonesia, remain absent from the list despite their growing global influence. Rich Countries Don’t Always Have Rich Citizens The rankings measure economic output per person, not household wealth. Countries such as Ireland and Luxembourg rank near the top because they generate enormous economic output relative to their populations. However, measures such as median wealth and disposable income often produce a somewhat different ranking. That’s why economists use GDP per capita as one lens on prosperity rather than a complete picture. The World’s Wealth Centers Keep Shifting The rankings offer a reminder that economic leadership is far from permanent. Twenty-five years ago, few observers would have predicted that Ireland would become richer per person than nearly every country on Earth, or that Japan would fall out of the world’s top tier. What stands out most is not who ranks first today, but how dramatically the leaderboard has changed. The last quarter century shows that wealth is constantly being reshaped by innovation, investment, demographics, and policy, creating new winners while challenging long-established leaders. Learn More on the Voronoi App To learn more about this topic, check out this graphic on where the world’s ultra-rich live in 2026.

Ranked: Europe’s Most Forested Countries This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources. Key Takeaways: Finland has the highest forest cover in Europe, with forests covering 74% of its land area, followed by Sweden at 69%. Forest cover ranges from 1% to 74% across Europe, reflecting major differences in geography and land use. Europe’s total forest area has continued to expand since the 1990s, even as climate change, pests, and wildfires pose growing risks. Finland is Europe’s most forested country, with nearly three-quarters of its land covered by forests, while countries such as Iceland, Ireland, and the UK have some of the lowest forest shares on the continent. This visualization, created by Harris Saleem, uses World Bank data to rank European countries by the percentage of land area covered by forests. The data highlights how geography, climate, and centuries of land use have produced vastly different forest landscapes across Europe. Which European Countries Have the Most Forest Cover? The table below shows forest cover as a percentage of total land area across Europe. RankCountryPercent Forest 1 Finland74% 2 Sweden69% 3 Montenegro62% 4 Slovenia61% 5 Estonia57% 6 Latvia55% 7 Russia50% 8 Austria47% 9 Belarus43% 10 Bosnia & Herzegovina43% 11 Slovakia40% 12 North Macedonia40% 13 Spain37% 14 Bulgaria36% 15 Portugal36% 16 Lithuania35% 17 Croatia35% 18 Czechia35% 19 Luxembourg35% 20 Norway34% 21 Italy33% 22 Germany33% 23 France33% 24 Serbia32% 25 Switzerland32% 26 Poland31% 27 Greece30% 28 Romania30% 29 Türkiye30% 30 Albania29% 31 Belgium23% 32 Hungary22% 33 Cyprus19% 34 Ukraine17% 35 Denmark16% 36 United Kingdom13% 37 Moldova12% 38 Ireland12% 39 Netherlands11% 40 Malta1.40% 41 Iceland0.50% Finland and Sweden lead Europe by a wide margin, with forests covering roughly seven in every 10 hectares of land. Montenegro and Slovenia also rank near the top, while several highly urbanized or agriculture-focused countries have substantially lower forest shares. Europe’s forest landscapes range from vast northern boreal forests to mixed and broadleaf forests farther south, reflecting the continent’s diverse climates and terrain. Why Forest Cover Differs Across Europe Forest cover reflects a combination of geography, climate, land use, and public policy. Northern Europe’s dominance is closely tied to the boreal forest belt that stretches across Finland, Sweden, and Russia. Colder climates and lower population densities historically limited agricultural expansion, allowing large forest ecosystems to remain intact. In contrast, fertile lowlands in countries such as Denmark and the Netherlands have long been devoted to farming and settlement. Mountainous regions often tell a different story, as steep terrain is less suitable for intensive agriculture. This helps explain the relatively high forest shares found in countries such as Slovenia, Austria, and parts of the Balkans. Why Forest Cover Differs Across Europe Forest cover is shaped not only by geography, but also by policy decisions. Sustainable forestry practices, conservation programs, and reforestation initiatives have helped maintain or increase forest cover across many European countries. In several cases, forests have expanded over recent decades as marginal agricultural land has been abandoned and allowed to regenerate. As a result, countries with similar climates can still have noticeably different forest cover depending on how land has been managed over time. Is Europe Losing or Gaining Forests? Unlike many regions of the world, Europe has generally expanded its forest area over the last three decades. Reforestation, natural forest regrowth, and sustainable forestry policies have helped increase total forest cover, even as wildfires, droughts, storms, and insect outbreaks become more frequent. According to the recently released State of Europe’s Forests 2025 report, forest area across the region continues to expand overall, even as forests face growing challenges from natural disasters and pests. Forest area and biodiversity indicators have generally trended upward, although growth rates are slowing in some regions. That said, expansion in forest area does not necessarily mean forests are free from pressure. Research from the World Resources Institute highlights how logging, natural disturbances, and climate-related impacts increasingly influence forest loss patterns across Europe. The European Environment Agency also notes that forest resilience is becoming a critical policy issue as temperatures rise and extreme weather events become more frequent. The result is a continent where forests are still growing in total area, but where maintaining healthy and resilient ecosystems is becoming increasingly complex. Learn More on the Voronoi App Europe’s forests may be expanding, but globally the story is often very different. Check out The World Lost a Record Amount of its Tropical Forests in 2024 on the Voronoi app to see how deforestation trends are unfolding across the world’s most important tropical ecosystems.

Use This Visualization Ranked: The World’s Inflation Extremes 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 Venezuela is projected to have the world’s highest inflation rate in 2026, at 387.4%. Sudan and Iran follow, with projected annual inflation of 75.1% and 68.9%, respectively. Costa Rica is the only country in the dataset projected to see deflation, at -0.4%. Inflation has cooled in many major economies, but several countries are still facing severe price instability in 2026. This graphic ranks the countries with the highest and lowest projected annual average inflation rates, based on the International Monetary Fund’s World Economic Outlook (April 2026). At one extreme, Venezuela’s inflation rate is projected to reach 387.4%. At the other, Costa Rica is expected to be the only country in deflation, with prices falling by 0.4%. Venezuela’s Inflation Nightmare Venezuela has the world’s highest inflation rate. Its economy has been battered over the past decade by political instability, policy mismanagement, and an exodus of millions of people. The country’s economic fortunes have long been tied to petroleum, of which Venezuela has the world’s largest reserves. When oil prices collapsed in 2014, Venezuela’s economy slipped with them. Over a decade later, the country’s inflation remains worse than any other country’s. The following data table lists the countries with the highest projected inflation rates worldwide. RankCountry2026 Inflation (%) 1 Venezuela387.4 2 Sudan75.1 3 Iran68.9 4 Argentina30.4 5 Türkiye28.6 6 Yemen26.5 7 Malawi24.4 8 Haiti23.5 9 Bolivia20.7 10 Myanmar19.0 11 Nigeria16.0 12 Burundi14.5 13 South Sudan14.0 14 Egypt13.2 15 Angola12.9 16 Suriname11.8 17 Ethiopia11.8 18 Kazakhstan10.7 19 Kyrgyzstan10.6 20 Libya10.5 Given the boom in petroleum prices during the preceding decade, Venezuela’s collapse in the mid-2010s was far from inevitable. However, the channeling of oil profits toward political projects rather than infrastructure modernization has left the country in ruin. Many other unstable, oil-rich countries also struggle with high inflation, including Iran (68.9%), Libya (10.5%), and Nigeria (16%). Deflation and Disinflation in the Caribbean While Venezuela struggles with the world’s worst inflation rate as of 2026, some of its peers in the Caribbean Sea are faring much better. Aruba, Belize, Grenada, Panama, Saint Vincent and the Grenadines, and the Bahamas are all among the world’s lowest-inflation projection countries, averaging in the low one-percent annual range. RankCountry2026 Inflation (%) 1 Costa Rica-0.4 2 Niger0.4 3 Chad0.5 4 Switzerland0.5 5 Liechtenstein0.5 6 Saint Vincent and the Grenadines0.9 7 Thailand0.9 8 Aruba1.2 9 China1.2 10 Morocco1.3 11 Grenada1.3 12 Panama1.4 13 Belize1.5 14 Taiwan1.5 15 Sweden1.5 16 Djibouti1.5 17 Central African Republic1.5 18 Burkina Faso1.5 19 Brunei1.6 20 Bahamas1.6 Costa Rica stands out as the only country in the ranking with projected deflation. While falling prices may sound positive for consumers, sustained deflation can weaken demand, reduce business revenues, and put pressure on wages. The Costa Rican central bank does not project a return to its target inflation range until mid-2027. Conquering High Inflation in 2026 Given the damaging impact of runaway inflation on households and businesses alike, central banks worldwide are focused on combating inflation, usually through monetary policy such as hiking interest rates. Governments also have a role to play. President Javier Milei was elected to the Argentine presidency in late 2023 with a mandate to tackle the country’s economic malaise. His government has cut spending and reduced subsidies to help bring down Argentina’s inflation, which is projected to be 30.4% in 2026. Another, more radical approach that Milei campaigned on involved currency substitution, specifically dollarization. By switching to the U.S. dollar as countries like Ecuador and Panama have done, Milei hoped to avoid the possibility of future governments restarting an inflationary cycle through the overprinting of local currency. As of 2026, however, Argentina continues to use its own currency, the peso. Learn More on the Voronoi App Curious where the U.S. falls in this inflation landscape? Check out Trump Says ‘No Inflation’, Americans Strongly Disagree on Voronoi, the new app from Visual Capitalist.

Published 6 hours ago on June 9, 2026 By Jenna Ross Graphics & Design Jennifer West Twitter Facebook LinkedIn Reddit Pinterest Email The following content is sponsored by Inigo U.S. Climate Disasters Have Cost Nearly $1 Trillion This Decade The U.S. is on track to record nearly $1 trillion in climate disaster losses this decade alone. Just six years into the 2020s, the cost of climate-driven natural disasters like tropical cyclones and droughts has already approached the total seen over the entire 2010s. This visualization, created in partnership with Inigo, shows how the financial impact of climate events has escalated since 1980. The Rising Cost of Climate-Related Natural Disasters In the 1980s, the first decade with strong records of billion-dollar disasters, costs amounted to $227 billion in total. At that time, droughts made up over half of the costs. Time PeriodTropical Cyclone Cost Severe Storm CostWildfire CostDrought Cost Other Cost Decade Total 1980s$48B$13B-$122B$44B$227B 1990s$130B$43B$14B$28B$131B$347B 2000s$451B$73B$21B$70B$28B$643B 2010s$554B$207B$73B$100B$95B$1T 2020s$412B$252B$106B$65B$66B$901B Source: Climate Central. Costs adjusted for inflation. Data for the 2020s is as of March 2026, with the mid-March Hawaii flooding and February Northeast winter storm still being assessed. Costs by climate event may not sum to the decade total due to rounding. With each passing decade, the inflation-adjusted cost of natural disasters has increased significantly. The 2000s saw the biggest jump, with costs rising by 85% compared to the 1990s. Tropical cyclones also accounted for over two-thirds of costs, with Hurricane Katrina alone costing $208 billion. Ever since, tropical cyclones have accounted for the bulk of losses. In the 2010s, total losses reached $1 trillion. And, in the 2020s, costs have nearly reached this same milestone despite there still being more than three years left in the decade. Hurricane Ian in September 2022 has been the most costly disaster of the decade so far, causing $123 billion in damage. In fact, Ian ranks as one of the most powerful U.S. hurricanes since 1900. Wildfires have also been a significant contributor to costs, amounting to over $100 billion in losses so far in the 2020s. The Frequency of Climate-Driven Natural Disasters On top of rising costs, climate disasters are also becoming more frequent. While there were just 33 billion-dollar disasters in the 1980s, that number has steadily climbed.  So far, the 2020s have set a record with 143 billion-dollar natural disasters that were climate driven. What It Means for Assessing Climate Risk As climate events become more frequent and costly, past losses are an increasingly irrelevant predictor of risk for companies and insurers. Moving forward, insurers can take actions to manage their risk: Watch total exposure: Understand how multiple events can hit at once rather than looking at single risks in isolation. Look forward: Rely less on past losses and more on what future climate risk could look like. Build flexible coverage: Use retention, structures, and limits that can absorb uncertainty. Reward resilience: Focus on how well a business is prepared rather than only where it’s located. Be clear about risk appetite: Clearly define where you will—and won’t—take on risk. Climate losses are outpacing traditional underwriting cycles, putting pressure on how quickly risk is priced and transferred. To plan for what’s coming, explore a data-driven view of risk at Inigo’s insights hub. You may also like Geopolitics5 days ago Mapped: The World’s Key Maritime Trade Chokepoints Explore the world’s busiest shipping routes and maritime chokepoints, and see how disruptions can create risks for global trade and supply chains. 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Politics1 year ago Breaking Down the $524 Billion Investment Needed to Rebuild Ukraine Ukraine will require an estimated $524B over the next decade to recover from the Russia-Ukraine war. Which sectors have been most impacted? Politics1 year ago Are Tariffs Causing U.S. Inflation Fears? Amid tariff increases, consumers’ expectations for U.S. inflation in the next five years have reached their highest level since March 1991. Politics1 year ago Ranked: Executive Orders by President in the First 100 Days In his first 100 days, President Trump has issued far more executive orders than any other president in history. Subscribe Please enable JavaScript in your browser to complete this form.Join 375,000+ email subscribers: *Sign Up