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Brent crude oil prices will average $65.15 per barrel in 2019 and $62 per barrel in 2020 according to the most recent forecast from the US Energy Information Administration's monthly Short-Term Energy Outlook (EIA). This reflects an upward revision of $2.37 per barrel for 2019 compared to the previous estimate. The OECD Economic Outlook as of November 2018 is more bullish, pegging the real price of a barrel of...

Today Starbucks is the largest coffeehouse company in the world, with 27,339 retail locations as of the first quarter of 2018, followed distantly by such coffee shop chains as Dunkin Donuts with about 10,000 restaurants, Tim Hortons with 4,300 outlets, and Costa Coffee with nearly 1,700 stores worldwide. Starbucks was founded in 1971 in Seattle, Washington, and incorporated on November 4, 1985 to become the...

Global oil prices have fallen by more than 30 percent since the summer of 2014, affecting oil producers and consumers alike. This dashboard presents oil price dynamics and the breakeven oil prices—minimum oil price to cover general government expenditures—over the past decade as well as a snapshot of the marginal cost of oil production by country in 2014. A world oil price in the range of $55 to $60 per barrel is...

Millenials have overtaken Babyboomers by nearly 4 million to become the largest generation in the United States. With a current population of around 79 million, the Millenial generation is expected to grow to 81 million over the next 20 years because of migration, according to the US Census Bureau's latest estimates. The boundaries that define generations are not universally agreed, and yet these boundaries carry...

According to the 2016 Forbes Billionaires List, the aggregate wealth of the world's 1,810 billionaires is approximately $6.5 trillion, exceeding the GDP of Japan, the world's third largest economy with a GDP of $4.4 trillion. In other words, the wealth of 0.00002% of the world's population accounts for 9 percent of the world's GDP of about $74 trillion. How do we measure the net worth of a billionaire? The estimate...

In this dashboard, we have integrated the most recent medium and long-term forecasts of key economic indicators for G20 countries from major international organizations, namely, the World Bank, IMF, United Nations, OECD, European Commission and the Economist Intelligence Unit. The data presented covers projections of real GDP growth, characterizing each country's output of final goods and services; consumer price...

According to the American Time Use Survey, Americans spend an average of 15 minutes daily playing games. That’s more time than Americans spend walking, grocery shopping, or managing their finances. The gaming industry is evolving rapidly. Every producer wants to involve as many users as possible and offers realistic graphics, new opportunities, and tasks to take advantage of the explosive growth in gaming...

There are 2,193 billionaires in the Forbes World's Billionaires ranking this year. They are the wealthiest of the wealthy. But only 71 members of this elite list are under 40 years old, with that exciting combination of money and youth.

Over the last three years, car sales in the US market have set new all-time records and included a collection of manufacturers that extends well beyond the American classics. In 2015, vehicle sales in the US reached nearly 17.5 million units, a growth of 5.7 percent from 2014 and 25,000 more vehicles than the record setting sales in 2005. The year 2000 marked a turning point in the US auto industry: it was the...

The Big Mac Index invented by The Economist is an informal way of measuring the purchasing power parity (PPP) between two currencies. Calculation of PPPs is based on the assumption that the dollar cost for a Big Mac in a particular country would be the same as in the United States. The indicator is chosen by The Economist magazine, as a measure of PPP, is based on the fact that the ingredients used in the...

Along with its cultural, leisure and recreational functions tourism contributes significantly (both directly and indirectly) to the world's economy and employment. It contributes to GDP even more than the automotive industry in all the regions throughout the globe: three times as much in Americas and two times as much in Europe, according to the World Travel & Tourism Council's 2017 research. In many countries...

McDonald's and Subway are two of the world's largest international fast food restaurant chains. Each company possesses a strong brand and is an established name in the casual eating restaurant industry. With 44,805 locations worldwide, Subway beats out McDonald's as the largest global chain. McDonald's currently has 36,525 locations globally. So, what's behind this difference in global positioning? And, are the...

Bitcoin is one of the world's most popular digital currencies, meaning that it is exclusively created and held electronically. But, what do we actually know about digital currencies and the potential of these currencies to replace conventional money? Like conventional money, the major function of a digital currency is to serve as a means of payment, whether that is in exchange for goods or real currency, such as...

HUMAN DEVELOPEMENT INDEX (HDI) - is a composite index which includes health, education, income, livelihood security and other indicators. In other words, HDI is an indicator showig how successfull are achievenemts in three main fields of human development: healthy life, knowledge and decent standard of living. The chief aim of HDI is to provide nations with comprehensive measure of environment they provide for their...

Constantly increasing globalization and integration of the world, often emphasized in the modern times, is carried out mostly through merchandise trade. Nowadays, wide variety of goods are involved in merchandise trade, but traditional ones, such as fuels, mining products, machinery and transport still remain most tradable. International trade of services, including transport, tourism and financial services, is also...

In 2016, the Reputation Institute ranked Sweden, Canada, and Switzerland as the most reputable countries in the world. The Institute's ranking is based on the collective opinions of 48,000 people surveyed throughout the G8* countries. According to the Reputation Institute, a country has a strong reputation if people perceive the country as having an advanced economy, appealing environment, and effective...

According to the latest BP Statistical Review of World Energy, total global reserves, by fossil fuel, are now: Coal - 1,139 billion tonnes Natural Gas - 187 trillion cubic meters Crude Oil - 1,707 billion barrels While these volumes may seem large at a glance, at today's level of extraction and production rates, BP's estimated proved reserves*, by fossil fuel, would be exhausted as follows: Coal - year...

According to World Bank Group, more than one fifth of the population of the developing world lives in extreme poverty, that is, lives with incomes below the threshold of $1.9 a day, constituting about 1.2 billion people. Although these disturbing figures, world has achieved impressive results in poverty reduction during the last 3 decades, even surpassing the expectations of the first Millennium Development Goal of...

Recent analysis from the IMF cites increasing uncertainty caused by trade tensions as a primary driver of sluggish global growth, a trend which moved the IMF to issue a downward revision to its global GDP growth forecast in the July edition of the World Economic Outlook. According to IMF estimates, the escalation of trade uncertainty observed this year could consume around 0.75 percentage points of global growth in...

During the first quarter of 2019 (Apple’s second fiscal quarter), sales of the Apple iPhone decreased by 17 percent compared to the same quarter last year. Since announcing its results for the second fiscal quarter, Apple's share price has also dropped six percent. The iPhone first quarter results were neither unexpected or the steepest decreases in iPhone revenues the company has faced. Apple reported more...

Since India was under British rule, the rupee was pegged to the British pound. From 1927 to 1966, 13 rupees = 1 pound. The peg was maintained until 1966 when the rupee was devalued and pegged to the U.S. dollar at a rate of 7.5 rupees = 1 dollar. This peg lasted until the U.S. dollar was devalued in 1971.

Ask any American soybean farmer about current market conditions and US-China trade frictions will bubble up in the conversation. After the late June meeting between presidents Xi Jinping and Donald Trump in Osaka, Trump assured American farmers that trade talks would resume and that China would buy a tremendous amount of food and agricultural products very soon. Yet, in the month since, no significant purchases have...

Global Firepower (GFP) provides a unique analytical display of data concerning today's world military powers. Over 100 world powers are considering in the ranking which allows for a broad spectrum of comparisons to be achieved concerning relative military strengths. The Global Firepower ranking is based strictly on each nations potential conventional war-making capabilities across land, sea and air. The nuclear...

The World Series is the annual championship held every October by Major League Baseball (MLB). It pits the champion of the American League (AL) against the champion of the National League (NL) in a best-of-7 matchup. A little over two months into the new season, the relative strength of the 30 teams is beginning to come into focus and fans' dreams for their teams to reach the World Series are being tainted by the...

The Global Competitiveness Index (GCI) is a global study on the basis of which ranking of countries in terms of economic competitiveness in the world is formed. The World Economic Forum defines competitiveness as the ability of the country and its institutions to ensure stable economic growth, which would be stable in the medium term. GCI is determined by numerous and very diverse factors which were divided into...

Have you ever wondered whether cattle rearing or car driving contributes more to the increase in greenhouse gases (GHGs) in the Earth’s atmosphere, thus exacerbating global warming? Look no further than today’s Viz of the Day, which provides insights on this issue courtesy of a report published by the Food and Agriculture Organization. The data clearly indicates that the modern livestock sector contributes more...

With its extensive business network, Sweden-based multinational retail-clothing company H&M has become one of the world's leading fashion companies. H&M had a total of 3,924 stores by the end of 2015, expanding its global reach to 61 countries across six continents including e-commerce in 23 of them. Last year the company added 16,000 employees to its roster of designers, pattern makers, buyers and other...

The concentration index of exports estimates a country’s reliance on a limited group of commodities as its primary source of foreign exchange income. Ranging from 0 (perfect diversification) to 1 (concentrated on a single product)*, a comparison of index scores to the contribution of natural resources to GDP worldwide shows that countries that are resource-rich tend to have less diversified export bases. Last year...

Which countries have the healthiest diets? Food poverty is about the inability to afford and/or access food in sufficient quantity and of required quality and it is pervasive, regardless of the income per capita of a population. Ideally, food intake should be balanced, which implies access to fresh vegetables and fruits, grains, proteins (meats and beans), dairy products, and healthy oils while minimizing or...

New York with more then 8 million people (according to 2010 Census) is the largest city in the United States. Besides New York there are 8 US cities which population exceed 1 million persons: Los Angeles (CA), Chicago (IL), Houston (TX), Philadelphia (PA), Phoenix (AZ), San Antonio (TX), San Diego (CA) and Dallas (TX). Over 160 milion people live in 5000 largest cities of the US.

(Spring 2013) Global motor-vehicle production continues to fluctuate: a dramatic declining growth rate in 2011 upturned slightly in 2012 but is significantly lower than 2010. Overcapacity in Europe has increasing shifted production out of Western Europe. Meanwhile Asia, led by China, has gradually expanded its global production share, as has North America, where vehicle production almost doubled during the last 4...

Pork prices in China have increased 82 percent over the last year, presenting an unconventional potential threat to the monetary easing policy Beijing announced earlier this month.​ According to the Ministry of Agriculture and Rural Affairs of China, the growth rate of pork prices is accelerating: before this month's wild increase, the average price of pork jumped 19.3 percent year-on-year in July and 47.6 percent...

People in Honduras, Salvador, Jamaica, Venezuela, and Guatemala have the highest probability to be shot and killed. A comparison between the rate of homicide by firearms and socio-economic indicators shows a correlation between high rates of income inequality and higher rates of homicide by firearms. Countries with GINI coefficients exceeding 0.45 are at higher risk of homicide by firearm.

During the last 10 years, a small group of emerging economies in Asia have supported the growth in total global steel production. While India and South Korea have contributed, production from China overwhelmingly leads globally. Accounting for half of global steel production, analysts worldwide monitor China's monthly production figures closely for signs of economic strength but also to gauge forward pricing...

The population of China currently exceeds the population of India by approximately 70 million, according to estimates from the United Nations. The UN's World Population Prospects report puts the population of China at 1.38 billion, compared to 1.31 billion for India. Other sources' estimates of current population range from 1.37 to 1.40 billion for China and from 1.28 to 1.31 billion for India. Just as current...

In order for the countries to perform sustainable development over times in all spheres of people's lives without imbalances adequate long-term strategic plans for the future are necessary to be elaborated. Development strategies will be of true benefit only in case if they are based on robust and reliable statistical tools, allowing to conduct comparative analysis of country's performance in all key fields of human...

The United States rank last in child income poverty, has the largest difference in P90/P10, and has the highest percentage of people living below 50% median income.

Research and Development (R&D) is the field of statistics comprising data on science, technology and innovation. This data is of great significance in the modern economy as it helps to build broad and comprehensive vision of innovation activity that is acknowledged by the most of developed and developing countries as the key driver behind the economic growth and competitiveness. That is why, policymakers try to...

Ecuador has the world's highest share of nascent entrepreneurs per capita at about 30 percent of the population. This measure is known as total early-stage entrepreneurial activity (TEA). But, does this mean that Ecuador is more entrepreneurial than the United States, which has a TEA of only 14 percent? The answer depends on how we define “entrepreneur”. One key global economic growth driver is the ability of an...

Which is the world's largest economy, China or the United States? As is usual in the field of economics, “It depends.” It depends on the methods used to estimate the size of an economy and to compare one economy to another. Despite modern discussions on refining the calculation of gross domestic product (GDP), the standard measure of an economy’s size and performance, to be more inclusive of economic factors that...

Food security is a situation in which all people of a country at any moment of time have physical and economic access to the amount of health and nutritious food enough to keep a healthy and active lifestyle. So, it is an ideal condition to which every country should continuously tend and this tendency should be the chief aim of national agricultural and economic policy. Since the policy should be based on...

The $9.7 trillion global shadow economy is the second largest economy in the world after the United States, according to the 2010 estimates of the black market for 162 countries. Still, as for the more recent study, the size of the underground economy in European and other OECD countries have been decreasing steadily since 2009 and continued shrinking in 2015 averaging to 16.7 percent of official GDP. But this...

In 2018, not only did tuition rates for US higher education hold relatively flat, but US state and local government spending on higher education grew in line with inflation for a total contribution of $99 billion, according to the State Higher Education Executive Officers Association. Government funding for higher education tumbled in the aftermath of the 2007-2008 global financial crisis, but has since rebounded,...

Corporate growth strategies typically include some combination of deepening existing market penetration and new product and market development. New market entry through acquisitions, greenfield investment, joint venture or other forms are considered generally to be the most controllable ways to drive business growth. And, many emerging markets, such as Brazil, India, Argentina, with their growing middle-classes are...

Select the indicator and choose countries from the ranking lists to compare the countries

Precipitated by the steep decline in global oil prices, the non-OPEC* active rig count fell in June to a new multi-year low at roughly 1,600 rigs, a 46 percent decrease since the end of 2014. The severity of the decline in drilling activity varies among countries and producing regions. While the United States and other developed countries have decreased dramatically the number of active rigs throughout the first...

Since the 1950s, the BP Statistical Review of World Energy has delivered objective and globally consistent data on world energy markets. The publication has become a widely respected and authoritative publication in the field of energy economics, relied on by media outlets, academia, world governments, and energy companies alike. BP publishes a new edition each June and typically conducts a road show to launch the...

Since 2003 until now Academic Ranking of World Universities (ARWU) conciders about 1000 universities all over the world in ordet to build ranking of 500 ones with the highest performance in academic and research fields. Its methodology implies assessing institutions by 6 indicators including alumni (Score on Alumni) and staff (Score on Award) winning Nobel Prizes and Fields Medals, highly cited researchers (Score on...

(October 2016) - Renewable energy resources have increasingly become mainstream energy soures worldwide, catapulted by new capacity in developing countries. Depending on the source, renewable energy has or is poised to surpass coal to become the world's largest source of electrical power capacity. The International Energy Agency (IEA) in its most recent medium-term renewable market report said that this transition...

In the second quarter of 2019, China's economy grew at 6.2 percent year-on-year, a slight drop from 6.4 percent in the first quarter and, more notably, a nearly 30 year low. Not even during the global financial crisis of 2008–2009 did China’s GDP growth rate fall below 6.4 percent. Nevertheless, China remains the fastest-growing economy among the world's largest economies. It's misleading to point to the trade...