2026-07-17 01:11:16
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The states registering the most new vehicles are not always the country’s largest auto markets.
Fleet activity, tax policies, and state registration rules can significantly influence where newly sold vehicles are titled, producing some surprising results.
This map shows new vehicle registrations per 1,000 residents across all 50 U.S. states in 2025. The data comes from S&P Global Mobility via F&I Tools, with population figures from the U.S. Census Bureau.
Oklahoma records 148.1 new vehicle registrations per 1,000 residents, nearly double the rate of second-place Vermont and more than four times California’s rate.
The gap shows how registration policies can outweigh underlying consumer demand.
| Rank | State | New vehicle registrations per 1,000 residents (2025) |
|---|---|---|
| 1 | Oklahoma | 148.1 |
| 2 | Vermont | 76.2 |
| 3 | New Hampshire | 71.6 |
| 4 | Florida | 63.6 |
| 5 | Montana | 60.6 |
| 6 | Michigan | 57.8 |
| 7 | New Jersey | 55.2 |
| 8 | North Dakota | 55.1 |
| 9 | Missouri | 52.6 |
| 10 | Arizona | 52.2 |
| 11 | Rhode Island | 51.3 |
| 12 | Texas | 50.4 |
| 13 | Delaware | 48.5 |
| 14 | Massachusetts | 48.3 |
| 15 | Nevada | 48.2 |
| 16 | Louisiana | 47.3 |
| 17 | Ohio | 47.1 |
| 18 | Georgia | 46.7 |
| 19 | Hawaii | 46.5 |
| 20 | Maine | 46.5 |
| 21 | California | 45.9 |
| 22 | Tennessee | 45.7 |
| 23 | Illinois | 45.5 |
| 24 | Pennsylvania | 45.2 |
| 25 | West Virginia | 45.1 |
| 26 | New York | 44.9 |
| 27 | Alaska | 44.5 |
| 28 | Arkansas | 43.7 |
| 29 | Alabama | 43.2 |
| 30 | North Carolina | 43.1 |
| 31 | Minnesota | 43.1 |
| 32 | Nebraska | 42.7 |
| 33 | Wisconsin | 42.5 |
| 34 | South Carolina | 42.2 |
| 35 | Utah | 41.9 |
| 36 | Wyoming | 41.9 |
| 37 | Virginia | 41.5 |
| 38 | Connecticut | 41.1 |
| 39 | Iowa | 39.9 |
| 40 | Idaho | 39.6 |
| 41 | Mississippi | 38.4 |
| 42 | New Mexico | 38.2 |
| 43 | Oregon | 37.5 |
| 44 | South Dakota | 37.5 |
| 45 | Colorado | 37 |
| 46 | Indiana | 36.9 |
| 47 | Maryland | 36.3 |
| 48 | Washington | 36 |
| 49 | Kansas | 35 |
| 50 | Kentucky | 33.9 |
Oklahoma’s ranking is largely explained by its vehicle registration system, which charges a flat, age-based fee instead of a value-based property tax.
This makes the state attractive to commercial fleets looking to title vehicles, substantially increasing the number of new vehicles registered there each year.
Oklahoma is not the only outlier. Several other highly ranked states have policies that make them attractive places to register vehicles, including lower taxes, fewer fees, or specialized registration rules.
New Hampshire, which ranks third, has no statewide sales tax, reducing the upfront cost of purchasing a vehicle.
Montana has become well known for Limited Liability Company (LLC) structures that allow owners of luxury vehicles and RVs to register them without paying sales tax.
Florida, meanwhile, combines a lack of mandatory vehicle safety inspections with a large rental car industry and a sizable retiree population, helping it rank fourth nationally.
These rankings capture one year of new registrations rather than the total number of vehicles on the road.
States with favorable registration policies can therefore rank much higher than their underlying consumer demand might suggest. For a broader view of vehicle ownership, see our previous graphic on America’s vehicles per capita.
If you enjoyed today’s post, explore how electric vehicles accounted for one in four cars sold worldwide in 2025 on Voronoi.
2026-07-16 22:32:19
Public companies often dominate headlines, but some of America’s biggest businesses remain privately held and largely out of the public eye.
This visualization ranks the 15 largest U.S. private companies by annual revenue using Forbes data as of December 2025.
While AI startups like OpenAI and Anthropic command enormous valuations, their revenues remain a fraction of those generated by long-established food, retail, and industrial companies.
No private company generates more revenue than Cargill, at $154 billion annually.
That figure trails Amazon’s $717 billion in annual revenue, but Cargill’s sales still exceed those of many household-name public companies. The company has remained privately owned since its founding in 1865.
The following table ranks the largest U.S. private companies by annual revenue as of December 2025.
| Rank | Name | Industry | Revenue (billions $) |
|---|---|---|---|
| 1 | Cargill | Food & Drink | 154 |
| 2 | Koch | Multicompany | 125 |
| 3 | Publix Super Markets | Food Markets | 59.7 |
| 4 | Mars | Food & Drink | 55 |
| 5 | H-E-B Grocery Company | Food Markets | 49.6 |
| 6 | Reyes Holdings | Food, Drink & Tobacco | 44 |
| 7 | Enterprise Mobility | Services | 38 |
| 8 | Fidelity Investments | Insurance | 32.7 |
| 9 | Southern Glazer's Wine & Spirits | Food, Drink & Tobacco | 25 |
| 10 | Cox Enterprises | Media | 23.5 |
| 11 | Bechtel | Construction | 23 |
| 12 | Gordon Food Service | Food, Drink & Tobacco | 23 |
| 13 | JM Family Enterprises | Consumer Durables | 22.8 |
| 14 | Meijer | Food Markets | 22 |
| 15 | Love's Travel Stops & Country Stores | Convenience Stores & Gas Stations | 21.6 |
Headquartered in Minnesota, Cargill is a major global producer of agricultural commodities such as grain, meat, and palm oil. It employs more than 150,000 people across 70 countries.
Cargill is one of the world’s largest food companies and is responsible for roughly one-quarter of all U.S. grain exports. It also operates a division dedicated to managing risk across international commodity markets.
The company is one of the Big Four meatpackers and produces more than one-fifth of all U.S. meat. As of 2026, the Cargill-MacMillan family continues to own more than 85% of the firm.
Beyond Cargill, many of America’s largest private companies operate in food-related industries. Confectionery company Mars generates $55 billion in annual revenue and is best known for brands such as Snickers, M&M’s, and Skittles. It is also a major pet food manufacturer.
Other leading private food companies include Publix Super Markets ($59.7 billion), H-E-B Grocery Company ($49.6 billion), Reyes Holdings ($44 billion), Southern Glazer’s Wine & Spirits ($25 billion), Gordon Food Service ($23 billion), and Meijer ($22 billion).
Food companies dominate the ranking because they operate in essential, high-volume markets with steady demand. Commodity producers, grocery chains, and food distributors process enormous sales volumes, allowing their revenues to rival or exceed those of many large public corporations.
Koch, Inc. generates $125 billion in annual revenue, making it the largest private company outside the food and beverage sector. The Wichita-based conglomerate operates through dozens of subsidiaries spanning energy, paper, chemicals, fertilizer, finance, and other industries.
Enterprise Mobility generates $38 billion in annual revenue and controls roughly 40% of the car-rental market, making it the industry leader. It is followed by financial services company Fidelity Investments, which generates $32.7 billion and is one of the world’s largest asset managers.
Several lesser-known companies also rank highly. Bechtel, for example, generates $23 billion in annual revenue and is the second-largest construction company in the United States.
To see how private companies are using mergers and acquisitions to grow, read Record-breaking private company M&A on Voronoi, the new app from Visual Capitalist.
2026-07-16 20:03:03
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If you could live anywhere in the world, where would you choose?
The 2026 Best Countries Index from The Wharton School reveals where people around the world believe quality of life is highest. Based on responses from more than 15,000 adults across 33 countries, the rankings measure international perceptions of 85 nations.
Rather than relying solely on economic or demographic indicators, the index reflects how countries are viewed across factors including affordability, job opportunities, family friendliness, political stability, and overall well-being.
Stable institutions, high levels of trust, and strong public services have helped countries such as Sweden, Denmark, and Switzerland build reputations as some of the world’s most desirable places to live.
In the table below, countries are scored relative to Sweden, which ranks first with a score of 100.
| Rank | Country | 2026 Quality of Life Score |
|---|---|---|
| 1 |
Sweden |
100.0 |
| 2 |
Denmark |
98.2 |
| 3 |
Canada |
95.0 |
| 4 |
Switzerland |
94.8 |
| 5 |
Finland |
92.4 |
| 6 |
Norway |
92.4 |
| 7 |
Netherlands |
90.8 |
| 8 |
Australia |
87.5 |
| 9 |
Germany |
82.9 |
| 10 |
Belgium |
78.6 |
| 11 |
Austria |
76.7 |
| 12 |
New Zealand |
74.0 |
| 13 |
UK |
73.7 |
| 14 |
Japan |
73.4 |
| 15 |
Luxembourg |
69.9 |
| 16 |
Ireland |
63.5 |
| 17 |
Singapore |
61.6 |
| 18 |
Poland |
59.6 |
| 19 |
Spain |
56.7 |
| 20 |
France |
56.2 |
| 21 |
Portugal |
56.1 |
| 22 |
Iceland |
55.8 |
| 23 |
UAE |
52.2 |
| 24 |
South Korea |
51.7 |
| 25 |
Italy |
49.9 |
| 26 |
China |
49.8 |
| 27 |
U.S. |
48.6 |
| 28 |
Greece |
36.2 |
| 29 |
Saudi Arabia |
35.6 |
| 30 |
Czechia |
32.3 |
| 31 |
Thailand |
31.5 |
| 32 |
Malaysia |
30.8 |
| 33 |
Hungary |
28.3 |
| 34 |
Türkiye |
26.4 |
| 35 |
Croatia |
26.2 |
| 36 |
Indonesia |
24.7 |
| 37 |
Vietnam |
24.1 |
| 38 |
Kuwait |
23.4 |
| 39 |
Mexico |
22.8 |
| 40 |
Slovenia |
22.4 |
| 41 |
Romania |
21.8 |
| 42 |
Latvia |
21.6 |
| 43 |
Malta |
21.2 |
| 44 |
Philippines |
21.0 |
| 45 |
Bulgaria |
20.8 |
| 46 |
India |
20.5 |
| 47 |
Slovakia |
19.9 |
| 48 |
Morocco |
19.7 |
| 49 |
Argentina |
18.4 |
| 50 |
Bahrain |
18.3 |
| 51 |
Egypt |
18.3 |
| 52 |
Cyprus |
18.2 |
| 53 |
Brazil |
17.9 |
| 54 |
Russia |
17.3 |
| 55 |
Estonia |
17.1 |
| 56 |
Uruguay |
15.7 |
| 57 |
Chile |
15.6 |
| 58 |
Lithuania |
14.9 |
| 59 |
Oman |
14.7 |
| 60 |
Costa Rica |
13.5 |
| 61 |
Tunisia |
12.7 |
| 62 |
Peru |
12.1 |
| 63 |
Israel |
11.9 |
| 64 |
Cambodia |
11.8 |
| 65 |
Bangladesh |
11.3 |
| 66 |
Panama |
10.8 |
| 67 |
Jordan |
10.6 |
| 68 |
Dominican Republic |
9.9 |
| 69 |
Colombia |
9.7 |
| 70 |
Ecuador |
9.3 |
| 71 |
Sri Lanka |
9.2 |
| 72 |
Guatemala |
9.1 |
| 73 |
South Africa |
8.6 |
| 74 |
Serbia |
8.6 |
| 75 |
Kenya |
8.5 |
| 76 |
Belarus |
8.2 |
| 77 |
Algeria |
8.0 |
| 78 |
Ghana |
8.0 |
| 79 |
Uzbekistan |
7.3 |
| 80 |
Azerbaijan |
7.0 |
| 81 |
Cameroon |
6.5 |
| 82 |
Kazakhstan |
4.4 |
| 83 |
Lebanon |
4.1 |
| 84 |
Iran |
1.8 |
| 85 |
Ukraine |
0.0 |
Nordic countries have also topped the World Happiness Report for years, suggesting that their strong global reputations are supported by consistently high levels of life satisfaction.
Canada ranks third overall, making it the highest-ranked country in the Americas. Australia is the only other country outside Europe to reach the global top 10, breaking up an otherwise heavily European leaderboard.
The U.S. ranks behind every other G7 economy after falling 10 places since 2018. The result shows how international perceptions can differ from economic size or geopolitical influence.
To learn more about this topic, check out this graphic on the world’s most prosperous countries in 2026.
2026-07-16 00:51:39
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America’s population is aging, but the trend looks very different from one state to the next.
Using the latest U.S. Census Bureau data via USAFacts, this map shows the share of residents aged 65 and older in every state.
These differences have growing implications for healthcare, housing, public services, and the workforce.
The Northeast is home to many of the states with the highest shares of seniors. Maine (23.5%), Vermont (22.9%), Delaware (21.7%), and New Hampshire (21.5%) all rank near the top. Florida and Hawaii also stand out, with retirees helping to push their senior shares above one in five.
| Rank | State | Share of Population (Aged 65+, 2024) |
Total Senior Population (2024) |
|---|---|---|---|
| 1 | Maine | 23.5% | 330K |
| 2 | Vermont | 22.9% | 148K |
| 3 | West Virginia | 21.9% | 387K |
| 4 | Florida | 21.8% | 5.1M |
| 5 | Delaware | 21.7% | 228K |
| 6 | Hawaii | 21.5% | 311K |
| 7 | New Hampshire | 21.5% | 303K |
| 8 | Montana | 21.2% | 241K |
| 9 | Pennsylvania | 20.4% | 2.7M |
| 10 | New Mexico | 20.1% | 429K |
| 11 | Wyoming | 20.0% | 117K |
| 12 | Oregon | 19.9% | 850K |
| 13 | South Carolina | 19.8% | 1.1M |
| 14 | Rhode Island | 19.8% | 220K |
| 15 | Arizona | 19.7% | 1.5M |
| 16 | Michigan | 19.6% | 2.0M |
| 17 | Wisconsin | 19.6% | 1.2M |
| 18 | Connecticut | 19.4% | 713K |
| 19 | Ohio | 19.1% | 2.3M |
| 20 | South Dakota | 19.0% | 176K |
| 21 | New York | 18.9% | 3.8M |
| 22 | Iowa | 18.9% | 613K |
| 23 | Massachusetts | 18.7% | 1.3M |
| 24 | Missouri | 18.7% | 1.2M |
| 25 | Alabama | 18.5% | 955K |
| 26 | Minnesota | 18.2% | 1.1M |
| 27 | Arkansas | 18.2% | 563K |
| 28 | Mississippi | 18.1% | 531K |
| 29 | New Jersey | 18.0% | 1.7M |
| 30 | Kentucky | 18.0% | 826K |
| 31 | Kansas | 18.0% | 534K |
| 32 | Illinois | 17.9% | 2.3M |
| 33 | North Carolina | 17.9% | 2.0M |
| 34 | Louisiana | 17.8% | 820K |
| 35 | Idaho | 17.8% | 356K |
| 36 | Virginia | 17.6% | 1.6M |
| 37 | Tennessee | 17.6% | 1.3M |
| 38 | Indiana | 17.6% | 1.2M |
| 39 | Maryland | 17.6% | 1.1M |
| 40 | Nevada | 17.6% | 575K |
| 41 | North Dakota | 17.6% | 140K |
| 42 | Nebraska | 17.4% | 348K |
| 43 | Washington | 17.3% | 1.4M |
| 44 | Oklahoma | 16.9% | 692K |
| 45 | California | 16.5% | 6.5M |
| 46 | Colorado | 16.5% | 980K |
| 47 | Georgia | 15.8% | 1.8M |
| 48 | Alaska | 14.8% | 109K |
| 49 | Texas | 14.0% | 4.4M |
| 50 | District of Columbia | 12.9% | 91K |
| 51 | Utah | 12.4% | 435K |
| -- |
U.S. Average |
17.7% | 61.2M |
At the other end of the ranking, fast-growing states with younger populations, including Utah and Texas, remain well below the national average. Migration patterns and birth rates continue to shape these demographic differences.
Overall, the senior share in Maine is nearly twice as high as in Utah, illustrating the wide age gap between states.
Several long-term demographic trends are pushing America’s population older.
The Baby Boomer generation is entering retirement, Americans are living longer, and birth rates have fallen to historic lows. At the same time, retiree migration is increasing the share of older residents in some states, while younger adults are concentrating in fast-growing metro areas.
The demographic balance is nearing a historic turning point. By 2034, older adults are projected to outnumber children nationwide for the first time.
These shifts are already reshaping demand for healthcare, housing, and public services. They also help explain why some states are aging faster than others and why the gaps may continue to widen.
To learn more about this topic, check out this graphic on immigration’s role in state population growth.
2026-07-15 22:12:28
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Companies announced far fewer foreign investment projects in early 2026 as geopolitical uncertainty weighed on business confidence worldwide. North America was the only major region to attract more greenfield investment projects than a year earlier.
This graphic compares foreign direct investment (FDI) project announcements across global regions from March to May 2026 with the same period in 2025, using preliminary data from fDi Intelligence.
North America recorded 1,517 greenfield FDI project announcements between March and May, up 4.2% from the same period in 2025. It was also the only region to post year-over-year growth.
The table below shows the number of FDI project announcements in each region in 2025 and 2026.
| Region | 2025 FDI (# of projects, Mar-May) |
2026 FDI (# of projects, Mar-May) |
YoY change (%) |
|---|---|---|---|
| North America | 1,456 | 1,517 | 4.2 |
| Latin America and the Caribbean | 378 | 345 | -8.7 |
| Asia-Pacific | 998 | 883 | -11.5 |
| Africa | 208 | 183 | -12.0 |
| Western Europe | 1,235 | 940 | -23.9 |
| Emerging Europe | 315 | 206 | -34.6 |
| Middle East | 580 | 191 | -67.1 |
| Global Total | 5,170 | 4,265 | -17.5 |
Despite this growth, North America has still experienced some cooling in investor interest. Its 2026 project total remains 1.5% below the post-COVID average from 2021 to 2025.
Even so, North America has performed better than every other region. The shortfall from its recent average shows that the continent, amid trade tensions and political challenges, is not immune to broader investor caution.
At the opposite end of the ranking, the Middle East recorded a 67.1% decline in new project announcements, the steepest drop of any region. Just 191 projects were announced in early 2026, compared with 580 in the same period of 2025.
For decades, Gulf states such as Saudi Arabia, Qatar, and the United Arab Emirates have cultivated global reputations for stability and investor safety. However, the multi-month Iran War has disrupted that perception and prompted investors to reassess risks across the broader Middle East.
An eventual ceasefire and the resumption of steady trade through the Strait of Hormuz could help restore investor confidence, particularly in the Gulf states.
Every other region fell between North America and the Middle East in terms of 2026 performance. Emerging Europe recorded a 34.6% decline in greenfield project announcements as the Russia-Ukraine war entered its fourth year.
Even relatively peaceful regions saw investment activity decline. Western Europe posted a 23.9% year-over-year drop, while Africa and Asia-Pacific each recorded declines of roughly 12%.
Latin America and the Caribbean performed best outside North America, with project announcements falling a comparatively modest 8.7%. Its distance from major geopolitical fault lines in Eastern Europe and the Middle East may have helped limit the decline.
Overall, every major region except North America recorded fewer greenfield investment announcements than a year earlier. The pattern highlights how geopolitical uncertainty and weaker business confidence weighed on cross-border investment in early 2026.
Wondering where businesses are allocating this capital? Check out The Top 10 Sectors for Foreign Direct Investment (FDI) on Voronoi, the new app from Visual Capitalist.
2026-07-15 20:01:00
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Academic freedom reflects the ability of universities and scholars to research, teach, publish, and exchange ideas without political interference.
Using data from the V-Dem Institute via Our World in Data, this graphic ranks countries by the percentage change in their Academic Freedom Index scores between 2015 and 2025.
The ranking below shows the 30 countries that experienced the largest percentage declines between 2015 and 2025.
| Country | Change (2015-2025) | 2015 Index | 2025 Index |
|---|---|---|---|
Nicaragua |
-95% | 0.42 | 0.02 |
Myanmar |
-94% | 0.35 | 0.02 |
Afghanistan |
-83% | 0.51 | 0.09 |
El Salvador |
-80% | 0.81 | 0.17 |
Chad |
-76% | 0.56 | 0.13 |
Palestine/Gaza |
-72% | 0.38 | 0.10 |
Türkiye |
-68% | 0.28 | 0.09 |
Mali |
-67% | 0.85 | 0.28 |
Belarus |
-67% | 0.18 | 0.06 |
India |
-66% | 0.41 | 0.14 |
Uganda |
-58% | 0.47 | 0.20 |
U.S. |
-57% | 0.92 | 0.40 |
Hong Kong |
-57% | 0.55 | 0.24 |
Venezuela |
-57% | 0.30 | 0.13 |
Indonesia |
-56% | 0.74 | 0.33 |
Comoros |
-53% | 0.64 | 0.30 |
Russia |
-53% | 0.38 | 0.18 |
Jordan |
-53% | 0.37 | 0.17 |
Pakistan |
-52% | 0.56 | 0.27 |
Iran |
-52% | 0.12 | 0.06 |
Gabon |
-49% | 0.84 | 0.43 |
Ukraine |
-49% | 0.55 | 0.28 |
Zanzibar |
-49% | 0.46 | 0.23 |
Central African Republic |
-47% | 0.62 | 0.33 |
Hungary |
-43% | 0.52 | 0.30 |
Qatar |
-43% | 0.17 | 0.10 |
Cambodia |
-42% | 0.37 | 0.22 |
Cameroon |
-41% | 0.35 | 0.21 |
China |
-40% | 0.12 | 0.07 |
Kyrgyzstan |
-39% | 0.62 | 0.38 |
Nicaragua recorded the largest decline, with its index score falling 95% between 2015 and 2025. The government of Daniel Ortega has targeted universities connected to anti-government protests, revoking their legal status and, in some cases, closing them entirely.
Myanmar and Afghanistan followed with declines of 94% and 83%, respectively. Both countries experienced high levels of corruption and major political upheaval during the period, including Myanmar’s 2021 military coup and the Taliban’s return to power in Afghanistan.
Most countries experiencing the steepest declines are emerging or developing economies. However, the inclusion of the U.S. and Hong Kong shows that growing political pressure on universities is not confined to one region or income group.
The U.S. decline is especially notable given the country’s global influence in research and higher education.
American universities dominate many international rankings, attract scholars from around the world, and account for a significant share of scientific research and innovation. Federal funding restrictions, scrutiny of universities, and policies affecting international students and researchers have added to the uncertainty.
Moreover, nearly half of U.S. states have enacted laws or policies that censor higher education since 2021. These measures have targeted classroom instruction, tenure, faculty governance, and institutional control over curricula.
Academic freedom affects more than speech on university campuses. Universities produce research, train skilled workers, attract global talent, and support innovation.
Political pressure can shape which questions researchers pursue, whether controversial findings are published, and how freely scholars collaborate internationally.
For research-intensive economies, these constraints can have consequences for innovation, talent attraction, and long-term economic competitiveness.
To learn more about this topic, check out this graphic showing how quality of life has changed across 30 economies over the past decade.