2026-03-27 05:16:12
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At the start of World War II, 97% of Americans supported military action. In 2026, just 41% back the Iran conflict, the lowest level recorded for any U.S. intervention.
This graphic compares initial public approval across major U.S. conflicts since 1941 based on polling data from the New York Times, highlighting how war support has evolved, from near-unanimous backing during global conflicts to far more divided sentiment today.
Public support for U.S. military interventions has generally declined over the past 85 years.
During the 1940s and 50s, U.S. wars saw strong majority backing. World War II (97%), and the Korean War (76%) each had widespread approval at the outset.
The table below shows how public trust in military intervention has clearly weakened, especially in the post-Iraq and post-Afghanistan era. Data on initial public support for the Vietnam War is not available for comparison.
| Conflict | Initial Public Support for U.S. Military Intervention |
Year | President |
|---|---|---|---|
| Iran War | 41% | 2026 | Donald Trump |
| Libya Intervention | 47% | 2011 | Barack Obama |
| Iraq War | 76% | 2003 | George W. Bush |
| Afghanistan War | 92% | 2001 | George W. Bush |
| Kosovo | 58% | 1999 | Bill Clinton |
| Persian Gulf War | 82% | 1991 | George H. W. Bush |
| Panama | 80% | 1989 | George H. W. Bush |
| Grenada | 53% | 1983 | Ronald Reagan |
| Korean War | 75% | 1950 | Harry S. Truman |
| World War II | 97% | 1941 | Franklin D. Roosevelt |
Support for the Libya intervention stood at just 47% in 2011, and the 2026 Iran conflict sits even lower at 41%, suggesting a growing reluctance among Americans to back new wars.
For Iran in particular, approval ratings are hindered by several strategic and domestic factors. First, the purpose of the war is opaque, with Iran posing no immediate threat or danger to the American public preceding the attacks. Secondly, ambiguity surrounding how—and when—it will end complicates measurements of success.
Beyond these variables, affordability and the cost of living ultimately remain the most central political concerns among Americans, rather than foreign policy.
While the long-term trend points downward, major events can still trigger sharp spikes in support.
The clearest example is the Afghanistan War, which began in the aftermath of 9/11. Initial approval reached 92%, reflecting a moment of national unity and urgency. Yet by 2021, 47% said America’s longest war in history was a mistake.
Similarly, the Iraq War in 2003 launched with 76% support, though public opinion would later shift significantly as the conflict dragged on.
These cases show that context matters, especially when Americans perceive a direct threat. But even these surges have become less durable over time, with support often eroding faster than previous conflicts in history.
To learn more about this topic, check out this graphic on the world’s most militarized economies by three metrics.
2026-03-26 22:19:47
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Earning $200,000 a year may sound like a high bar, but in some parts of the U.S., it’s far more common than you might expect.
In Washington, D.C., 26.6% of households earn $200K+, more than double the national average of 12.5%. In many Northeastern and West Coast states, the share is closer to 20%.
This map, based on the latest U.S. Census Bureau data, shows where $200K incomes are concentrated, and where they remain relatively rare.
In the highest-ranking parts of the country, $200K household incomes are increasingly common. D.C. leads at 26.6%, while Massachusetts (22.5%), New Jersey (21.8%), California (21.0%), and Maryland (20.8%) all exceed 20%.
At the top end, the share of $200K households is roughly 3–4 times higher than in the lowest-ranking states.
| Rank | State | Share of Households Earning $200K and Above |
|---|---|---|
| 1 | District of Columbia | 26.6% |
| 2 | Massachusetts | 22.5% |
| 3 | New Jersey | 21.8% |
| 4 | California | 21.0% |
| 5 | Maryland | 20.8% |
| 6 | Connecticut | 19.4% |
| 7 | Washington | 19.3% |
| 8 | Hawaii | 18.5% |
| 9 | Colorado | 17.9% |
| 10 | Virginia | 17.5% |
| 11 | New York | 17.3% |
| 12 | New Hampshire | 17.0% |
| 13 | Rhode Island | 14.6% |
| 14 | Alaska | 14.6% |
| 15 | Utah | 14.4% |
| 16 | Illinois | 14.1% |
| 17 | Minnesota | 13.8% |
| 18 | Texas | 13.2% |
| 19 | Delaware | 12.9% |
| 20 | Oregon | 12.6% |
| 21 | Georgia | 12.3% |
| 22 | Arizona | 12.2% |
| 23 | Pennsylvania | 11.9% |
| 24 | Florida | 11.9% |
| 25 | Nevada | 11.5% |
| 26 | Vermont | 11.2% |
| 27 | North Carolina | 11.1% |
| 28 | Maine | 10.3% |
| 29 | North Dakota | 10.1% |
| 30 | Kansas | 10.0% |
| 31 | Tennessee | 9.5% |
| 32 | Idaho | 9.5% |
| 33 | South Carolina | 9.5% |
| 34 | Wisconsin | 9.4% |
| 35 | Michigan | 9.4% |
| 36 | Montana | 9.3% |
| 37 | Ohio | 9.2% |
| 38 | Missouri | 9.1% |
| 39 | Nebraska | 8.9% |
| 40 | New Mexico | 8.9% |
| 41 | South Dakota | 8.7% |
| 42 | Indiana | 8.5% |
| 43 | Wyoming | 8.4% |
| 44 | Alabama | 8.3% |
| 45 | Iowa | 8.3% |
| 46 | Louisiana | 8.0% |
| 47 | Kentucky | 7.5% |
| 48 | Oklahoma | 7.4% |
| 49 | Arkansas | 6.6% |
| 50 | Mississippi | 6.0% |
| 51 | West Virginia | 5.9% |
While Texas has the second-highest number of $200K households after California, exceeding 1.5 million, its share still trails wealthier coastal states, at 13.2%.
A similar pattern is seen in Florida (11.9%), which also falls below the national average. Despite an influx of wealthy residents during the pandemic, drawn by its tax advantages, most households fall within the $75,000 to $99,999 income bracket.
At the other end of the spectrum, $200K incomes make up a small share of households:
Seven of the 10 lowest-ranking states are in the South, highlighting a persistent regional income divide.
West Virginia, for instance, has one of the lowest median household incomes nationally, at $60,789 in 2024. Mississippi, meanwhile, saw real median household incomes grow just 5.6% between 2010 and 2024, far below the national average of 22%.
To learn more about this topic, check out this graphic on the number of billionaires in every U.S. state.
2026-03-26 20:02:07
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Not all markets offer the same tradeoff between risk and return.
This map shows equity risk premiums around the world—based on estimates from NYU professor Aswath Damodaran. These premiums reflect the extra return investors demand to invest in each country, with higher values signaling greater perceived risk.
The gap is stark. While a handful of stable economies sit near 4–5%, countries facing conflict or economic collapse can exceed 30%, highlighting how dramatically risk perceptions diverge across global markets.
Check out the data, which is as of January 2026, although Türkiye was updated in February:
| Country | Equity Risk Premium |
|---|---|
Belarus |
30.9% |
Lebanon |
30.9% |
Sudan |
30.9% |
Venezuela |
30.9% |
Bolivia |
19.8% |
Cuba |
19.8% |
Myanmar |
19.8% |
North Korea |
19.8% |
Sri Lanka |
19.8% |
Syria |
19.8% |
Ukraine |
19.8% |
Yemen |
19.8% |
Ecuador |
17.2% |
Haiti |
17.2% |
Malawi |
17.2% |
Mozambique |
17.2% |
Niger |
17.2% |
Somalia |
17.2% |
Ethiopia |
15.9% |
Gabon |
15.9% |
Guinea |
15.9% |
Laos |
15.9% |
Liberia |
15.9% |
Maldives |
15.9% |
Mali |
15.9% |
Republic of Congo |
15.9% |
Zambia |
15.9% |
Zimbabwe |
15.9% |
Argentina |
13.9% |
Belize |
13.9% |
Burkina Faso |
13.9% |
Cameroon |
13.9% |
Egypt |
13.9% |
Ghana |
13.9% |
Guinea-Bissau |
13.9% |
Iran |
13.9% |
Iraq |
13.9% |
Kenya |
13.9% |
Pakistan |
13.9% |
Senegal |
13.9% |
Solomon Islands |
13.9% |
Suriname |
13.9% |
Tunisia |
13.9% |
Angola |
12.6% |
Bosnia and Herzegovina |
12.6% |
DRC |
12.6% |
El Salvador |
12.6% |
Kyrgyzstan |
12.6% |
Madagascar |
12.6% |
Moldova |
12.6% |
Nigeria |
12.6% |
Sierra Leone |
12.6% |
St. Vincent & the Grenadines |
12.6% |
Tajikistan |
12.6% |
Togo |
12.6% |
Uganda |
12.6% |
Bahrain |
11.4% |
Bangladesh |
11.4% |
Barbados |
11.4% |
Cambodia |
11.4% |
Cape Verde |
11.4% |
Gambia |
11.4% |
Nicaragua |
11.4% |
Papua New Guinea |
11.4% |
Rwanda |
11.4% |
Swaziland |
11.4% |
Algeria |
10.1% |
Bahamas |
10.1% |
Benin |
10.1% |
Cook Islands |
10.1% |
Fiji |
10.1% |
Honduras |
10.1% |
Mongolia |
10.1% |
Montenegro |
10.1% |
Namibia |
10.1% |
Tanzania |
10.1% |
Albania |
8.9% |
Armenia |
8.9% |
Jamaica |
8.9% |
Jordan |
8.9% |
Macedonia |
8.9% |
Nepal |
8.9% |
Türkiye |
8.9% |
Uzbekistan |
8.9% |
Costa Rica |
8.1% |
Côte d'Ivoire |
8.1% |
Dominican Republic |
8.1% |
Georgia |
8.1% |
Libya |
8.1% |
Russia |
8.1% |
Serbia |
8.1% |
South Africa |
8.1% |
St. Maarten |
8.1% |
Trinidad and Tobago |
8.1% |
Vietnam |
8.1% |
Brazil |
7.5% |
Guatemala |
7.5% |
Morocco |
7.5% |
Sharjah |
7.5% |
Aruba |
7.1% |
Azerbaijan |
7.1% |
Colombia |
7.1% |
Curacao |
7.1% |
Greece |
7.1% |
India |
7.1% |
Mauritius |
7.1% |
Montserrat |
7.1% |
Oman |
7.1% |
Panama |
7.1% |
Paraguay |
7.1% |
Romania |
7.1% |
Hungary |
6.7% |
Indonesia |
6.7% |
Italy |
6.7% |
Mexico |
6.7% |
Philippines |
6.7% |
Andorra |
6.3% |
Botswana |
6.3% |
Bulgaria |
6.3% |
Guyana |
6.3% |
Israel |
6.3% |
Kazakhstan |
6.3% |
Peru |
6.3% |
Thailand |
6.3% |
Turks and Caicos Islands |
6.3% |
Uruguay |
6.3% |
Croatia |
5.8% |
Cyprus |
5.8% |
Latvia |
5.8% |
Malaysia |
5.8% |
Portugal |
5.8% |
Slovakia |
5.8% |
Slovenia |
5.8% |
Spain |
5.8% |
Bermuda |
5.3% |
Chile |
5.3% |
Lithuania |
5.3% |
Malta |
5.3% |
Poland |
5.3% |
China |
5.1% |
Estonia |
5.1% |
Guernsey |
5.1% |
Iceland |
5.1% |
Japan |
5.1% |
Kuwait |
5.1% |
Belgium |
5.0% |
Brunei |
5.0% |
Cayman Islands |
5.0% |
Czechia |
5.0% |
France |
5.0% |
Hong Kong |
5.0% |
Ireland |
5.0% |
Isle of Man |
5.0% |
Jersey |
5.0% |
Macao |
5.0% |
Saudi Arabia |
5.0% |
Taiwan |
5.0% |
United Kingdom |
5.0% |
Abu Dhabi |
4.9% |
South Korea |
4.9% |
Qatar |
4.9% |
United Arab Emirates |
4.9% |
Austria |
4.6% |
Finland |
4.6% |
United States |
4.5% |
Australia |
4.2% |
Canada |
4.2% |
Denmark |
4.2% |
Germany |
4.2% |
Liechtenstein |
4.2% |
Luxembourg |
4.2% |
Netherlands |
4.2% |
New Zealand |
4.2% |
Norway |
4.2% |
Singapore |
4.2% |
Sweden |
4.2% |
Switzerland |
4.2% |
To estimate the investment risk premium, Damodaran looked at each country’s credit rating and how much extra interest investors want when lending to it. For countries where government bonds aren’t available or traded, he based his estimate on the differences in equity returns of two emerging markets indices.
As a last step, he added that country risk premium to his estimate of a mature market equity risk premium.
The riskiest countries are those that experience war, sanctions, and economic collapse. Belarus, Lebanon, Sudan, and Venezuela each have the highest equity risk premiums of 30.9%.
Belarusians have faced intense political repression as they responded to the contested re-election of Alexander Lukashenko in 2020. Lebanon is considered a failed state as governance and the economy have collapsed, while armed groups are present on the streets.
There has been a civil war in Sudan since 2023, causing a devastating humanitarian crisis. Meanwhile, Venezuela has a long history of instability; the mismanagement of its oil industry and the economy sent the once-prosperous nation into disarray.
Cuba, Ukraine, Syria, and Yemen, which have also experienced conflict or sanctions, are among a cluster of countries with risk premiums of 19.8%.
Some of the safest countries include Canada, Germany, Switzerland, Singapore, Sweden, and the Netherlands, with risk premiums at 4.2%. Investors likely treat them interchangeably.
The U.S. has a slightly higher premium at 4.5%, which may reflect recent political polarization and higher equity volatility. Indeed, “Sell America” dominated investor conversations earlier this year amid economic uncertainty, questions around the independence of the Federal Reserve, and the depreciation of the dollar.
Still, it is one of just 19 countries that have risk premiums below 5%.
Europe is not homogeneous. Southern countries, where economies were hit by the 2009 debt crisis, have higher risk premiums. Spain and Portugal sit at 5.8%, Italy at 6.7%, and Greece is 7.1%.
Only certain kinds of investors are willing to place risky bets.
Pension funds, for instance, tend to have a low risk tolerance as they are using the public’s pension savings to invest. Investment mandates can also limit how much a fund is allowed to allocate to emerging markets or high-risk strategies. In practice, they can access riskier markets indirectly via diversified funds, where they are able to hedge their bets.
No matter the size of the reward, emerging markets investors tend to focus on countries showing signs of stability, economic and business reform, and an alignment with global long-term themes.
To learn more about investment in emerging markets, check out this graphic, which ranks foreign direct investment scores.
2026-03-26 12:38:43
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Europe’s gross domestic product (GDP) is projected to grow by only 2.3% on average in 2026, held back by sluggish growth in major eurozone markets such as France, Germany, and Italy. However, other regions are expected to see faster economic expansion, especially in Southern and Eastern Europe.
This map showcases forecasted European GDP growth rates for 2026 utilizing data from the International Monetary Fund (IMF).
Across the Old Continent, growth is constrained by high regulation, weak demand, and a difficult global environment, with heavy export-led economies like Germany particularly impacted.
Germany, the third-largest economy worldwide, is facing deep structural problems with its market structure. Following two consecutive years of recession, Europe’s largest economy barely grew at all in 2025, and is expected to see just 0.9% growth in 2026, ahead of only two other European Union (EU) member states.
The data table below provides a 2026 forecast of European GDP growth.
| Country | Real GDP Growth (%) |
|---|---|
Albania |
3.6 |
Andorra |
1.6 |
Armenia |
4.9 |
Austria |
0.8 |
Azerbaijan |
2.5 |
Belarus |
1.4 |
Belgium |
1 |
Bosnia and Herzegovina |
2.7 |
Bulgaria |
3.1 |
Croatia |
2.7 |
Cyprus |
2.8 |
Czechia |
2 |
Denmark |
2.2 |
Estonia |
1.5 |
Finland |
1.3 |
France |
0.9 |
Georgia |
5.3 |
Germany |
0.9 |
Greece |
2 |
Hungary |
2.1 |
Iceland |
2.3 |
Ireland |
1.3 |
Italy |
0.8 |
Kosovo |
4 |
Latvia |
2.2 |
Liechtenstein |
1.5 |
Lithuania |
2.9 |
Luxembourg |
2.1 |
Malta |
3.9 |
Moldova |
2.2 |
Montenegro |
3.2 |
Netherlands |
1.2 |
North Macedonia |
3.2 |
Norway |
1.6 |
Poland |
3.1 |
Portugal |
2.1 |
Romania |
1.4 |
Russia |
1 |
San Marino |
1.3 |
Serbia |
3.6 |
Slovakia |
1.7 |
Slovenia |
2.3 |
Spain |
2 |
Sweden |
1.9 |
Switzerland |
1.3 |
Turkey |
3.7 |
Ukraine |
4.5 |
United Kingdom |
1.3 |
Between 2005 and 2019, Germany experienced what has been termed the “labor market miracle,” an era of economic expansion powered by high employment growth, low interest rates, and cheap energy. However, this period came to an abrupt end with the COVID-19 pandemic and especially with Russia’s invasion of Ukraine, which sent energy prices skyrocketing and all but halted German growth.
Germany’s post-COVID economic situation is a perfect storm of challenges. Energy prices have remained high owing to Russia’s ongoing war in Ukraine and escalating conflicts in the Middle East. German industry, the pride of the country, is increasingly being squeezed by both U.S. tariffs as well as massive Chinese competition. Major trade deals and deregulation efforts are being hamstrung by political gridlock in both Berlin and Brussels, the latter being the EU’s political capital.
Today, the EU’s modest growth forecast for 2026 can be attributed in no small part to the severe economic woes faced by its main economic engine. So long as Germany is not able to modernize its economy and restore its prior growth levels from previous decades, the EU as a whole will face severe headwinds.
Beyond Berlin, the news remains grim for the other major economies of Europe.
France is projected to match Germany’s sluggish growth of just 0.9%, while Italy is tied with Austria for the continent’s slowest growth (0.8%). Russia (1%) is still held back by the high interest rates and low domestic demand of its wartime economy, while the United Kingdom (1.3%) fares only slightly better.
Spain has been touted as the eurozone’s newest star, with the Iberian country becoming the fastest-growing Western major economy on the backs of high post-COVID public investment and strong renewable energy resources. While the forecast of 2% for 2026 represents a slowdown from the 2.8-3.5% seen in recent years, Spanish fortunes have flipped as dramatically as their German counterparts’ from the eurozone crisis of the 2010s.
Of course, Spain is far from the only country rewriting its reputation in real time. Poland (3.1%) is another EU heavyweight in the making, while the tiny island country of Malta’s impressive 3.9% is likely to be the highest economic expansion in the bloc.
Outside of the EU, countries in Eastern Europe and the Caucasus emerge as major growth hubs, led by Georgia (5.3%), Armenia (4.9%), and war-torn Ukraine (4.5%).
Turkey, the top economy of the Eastern Mediterranean, faces a growth projection of 3.7%, although its results are tampered by an inflation rate hovering around 30% following peaks in 2022 and 2024.
If you enjoyed today’s post, check out Comparing Electricity Prices for Household Consumers in Europe on Voronoi.
2026-03-26 01:21:32
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A handful of countries dominate global patent activity, with a steep drop-off after the top ranks. China alone accounts for a massive share, holding millions more active patents than any other country.
This visualization ranks countries by total active patents using the latest available data from the World Intellectual Property Organization for 2024.
China leads with 5.7 million active patents, followed by the United States and Japan, and together the top three exceed the rest of the world combined.
| Country | Number of Active Patents |
|---|---|
China |
5,688,867 |
United States |
3,519,879 |
Japan |
2,085,215 |
South Korea |
1,312,294 |
Germany |
963,941 |
France |
757,026 |
United Kingdom |
744,130 |
Italy |
382,444 |
Switzerland |
268,054 |
The Netherlands |
246,254 |
Russia |
243,943 |
India |
228,402 |
Spain |
217,849 |
Canada |
201,063 |
Ireland |
198,100 |
Belgium |
187,149 |
Luxembourg |
163,418 |
Australia |
163,069 |
Sweden |
152,158 |
Austria |
134,163 |
Monaco |
120,437 |
Poland |
111,782 |
Mexico |
111,190 |
Denmark |
109,551 |
Brazil |
106,827 |
South Africa |
104,012 |
Finland |
96,416 |
Türkiye |
89,401 |
Indonesia |
84,540 |
Portugal |
81,509 |
Hong Kong |
73,249 |
Norway |
55,349 |
Czechia |
50,433 |
Singapore |
49,667 |
Iran |
44,453 |
Israel |
41,001 |
Malaysia |
38,168 |
Hungary |
35,950 |
Greece |
27,510 |
Romania |
27,474 |
Thailand |
24,635 |
New Zealand |
23,867 |
Viet Nam |
23,291 |
Slovakia |
21,189 |
Chile |
21,079 |
Ukraine |
20,445 |
Slovenia |
18,517 |
Philippines |
15,463 |
Saudi Arabia |
14,739 |
Croatia |
13,431 |
Bulgaria |
13,311 |
Argentina |
13,053 |
Lithuania |
12,414 |
Estonia |
10,684 |
Latvia |
10,493 |
Iceland |
9,501 |
Serbia |
9,368 |
Colombia |
9,009 |
Zambia |
8,562 |
Malta |
7,385 |
Algeria |
7,039 |
Macao |
5,777 |
North Macedonia |
5,528 |
Iraq |
5,141 |
Egypt |
5,107 |
Morocco |
4,917 |
United Arab Emirates |
4,587 |
Peru |
4,539 |
Ghana |
3,326 |
Kazakhstan |
2,837 |
Bangladesh |
2,203 |
Pakistan |
2,157 |
Panama |
2,076 |
Mongolia |
1,656 |
Costa Rica |
1,462 |
Belarus |
1,371 |
Uzbekistan |
1,255 |
Dominican Republic |
1,194 |
Uruguay |
1,138 |
Sri Lanka |
1,007 |
El Salvador |
918 |
Georgia |
836 |
Trinidad and Tobago |
830 |
Syria |
666 |
Bahrain |
571 |
Qatar |
569 |
Jamaica |
451 |
Honduras |
446 |
Cuba |
421 |
Namibia |
415 |
Azerbaijan |
403 |
Zimbabwe |
403 |
Oman |
355 |
Ethiopia |
322 |
Paraguay |
257 |
Moldova |
255 |
Madagascar |
232 |
Guatemala |
218 |
Ecuador |
215 |
Venezuela |
208 |
Kyrgyzstan |
186 |
Sao Tome and Principe |
153 |
Kuwait |
74 |
Bosnia and Herzegovina |
69 |
Barbados |
63 |
Andorra |
48 |
Saint Vincent and the Grenadines |
20 |
Armenia |
17 |
Uganda |
17 |
Cyprus |
10 |
Bhutan |
6 |
Myanmar |
4 |
South Korea takes the fourth spot for most active patents, with 1.3 million. It underscores Asia’s strong presence among the world’s leading innovation hubs.
It’s unsurprising to see these countries in the top ranks, given the size of their economies and populations, though South Korea becomes an outlier through this lens.
Germany is the top European country, at 963,941, but active patents dip significantly from there to 757,026 for France.
Myanmar, which brought in its first ever law dedicated to patent protection and innovation in 2024, sits at the bottom of the dataset with four patents. It is only one of two — the other being Bhutan, which has six active patents — to have fewer than 10 active patents.
Global patent ownership is highly concentrated, with a small number of countries accounting for the majority of innovation output.
While countries like China, the U.S., and Japan dominate the landscape, most nations contribute relatively small numbers of active patents. This gap highlights differences in research capacity, industrial scale, and investment in innovation.
To learn more about innovation, check out this graphic which ranks top startup hubs.
2026-03-25 22:11:32
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Just five countries produced half of the world’s oil in 2025, with the U.S., Russia, and Saudi Arabia alone accounting for nearly 40% of global supply.
That level of concentration means a small number of countries have an outsized influence on global oil supply.
This visualization shows global crude oil production including lease condensate by country in a single chart with countries organized and colored by region.
The data for this visualization comes from the U.S. Energy Information Administration, and is a Jan-Nov 2025 annualized average of crude oil and lease condensate production by country, the latest data available as of March 9, 2026.
The U.S. was the world’s largest producer of crude oil and lease condensate in 2025, producing 13.58 million barrels per day (mb/d), comfortably ahead of Russia at 9.87 mb/d and Saudi Arabia at 9.51 mb/d. Combined together, those three countries were responsible for 39% of global crude oil production in 2025.
The data table below shows the world’s crude oil production in 2025 by country in million barrels per day (mb/d) and each country’s share of global production:
| Country | Crude Oil and Lease Condensate 2025 Production (million barrels per day) | Share of 2025 Global Production (%) |
|---|---|---|
United States |
13.58 | 16.08 |
Russia |
9.87 | 11.69 |
Saudi Arabia |
9.51 | 11.26 |
Canada |
4.94 | 5.85 |
Iraq |
4.39 | 5.20 |
China |
4.34 | 5.14 |
Iran |
4.19 | 4.96 |
United Arab Emirates |
3.82 | 4.52 |
Brazil |
3.75 | 4.43 |
Kuwait |
2.58 | 3.05 |
Kazakhstan |
2.07 | 2.45 |
Norway |
1.85 | 2.19 |
Mexico |
1.72 | 2.04 |
Nigeria |
1.61 | 1.90 |
Libya |
1.36 | 1.61 |
Qatar |
1.31 | 1.55 |
Algeria |
1.14 | 1.35 |
Angola |
1.03 | 1.22 |
Oman |
1.00 | 1.18 |
Venezuela |
0.97 | 1.15 |
Argentina |
0.79 | 0.93 |
Colombia |
0.75 | 0.88 |
Guyana |
0.73 | 0.87 |
United Kingdom |
0.61 | 0.73 |
India |
0.60 | 0.71 |
Indonesia |
0.58 | 0.69 |
Azerbaijan |
0.56 | 0.67 |
Malaysia |
0.52 | 0.61 |
Egypt |
0.51 | 0.60 |
Ecuador |
0.44 | 0.52 |
Australia |
0.25 | 0.29 |
Congo-Brazzaville |
0.24 | 0.28 |
Gabon |
0.24 | 0.28 |
Turkmenistan |
0.19 | 0.23 |
Ghana |
0.18 | 0.22 |
Bahrain |
0.18 | 0.22 |
Vietnam |
0.16 | 0.19 |
Thailand |
0.16 | 0.19 |
Chad |
0.13 | 0.15 |
Turkiye |
0.13 | 0.15 |
South Sudan |
0.11 | 0.13 |
Niger |
0.10 | 0.12 |
Brunei |
0.10 | 0.12 |
Senegal |
0.10 | 0.12 |
Italy |
0.08 | 0.10 |
Equatorial Guinea |
0.08 | 0.09 |
Syria |
0.07 | 0.09 |
Denmark |
0.07 | 0.09 |
Cameroon |
0.06 | 0.07 |
Pakistan |
0.06 | 0.07 |
Cote d'Ivoire |
0.05 | 0.06 |
Romania |
0.05 | 0.06 |
Trinidad and Tobago |
0.05 | 0.06 |
Peru |
0.05 | 0.05 |
Germany |
0.03 | 0.04 |
Papua New Guinea |
0.03 | 0.04 |
Sudan |
0.03 | 0.04 |
Uzbekistan |
0.03 | 0.04 |
Belarus |
0.03 | 0.03 |
Cuba |
0.03 | 0.03 |
Tunisia |
0.03 | 0.03 |
Hungary |
0.02 | 0.03 |
Netherlands |
0.02 | 0.03 |
Israel |
0.02 | 0.02 |
Bolivia |
0.02 | 0.02 |
Poland |
0.02 | 0.02 |
Congo-Kinshasa |
0.02 | 0.02 |
Yemen |
0.02 | 0.02 |
Mongolia |
0.01 | 0.02 |
Albania |
0.01 | 0.01 |
Suriname |
0.01 | 0.01 |
Serbia |
0.01 | 0.01 |
France |
0.01 | 0.01 |
Croatia |
0.01 | 0.01 |
Austria |
0.01 | 0.01 |
New Zealand |
0.01 | 0.01 |
Burma |
0.01 | 0.01 |
Kyrgyzstan |
0.01 | 0.01 |
Guatemala |
0.01 | 0.01 |
After that top tier, production drops sharply. Canada ranked fourth at 4.94 million barrels per day, followed by Iraq (4.39) and China (4.34). In other words, the U.S. alone almost produced more crude than Canada, Iraq, and China combined.
Iran was the seventh-largest producer of crude oil in 2025, pumping 4.19 mb/d which equates to 5% of the world’s production last year.
While the U.S. was the single biggest producer, the Middle East remained the largest regional bloc in the ranking. Countries from the region produced 32% of the world’s crude oil in 2025, or nearly one-third of the global total.
Saudi Arabia, Iraq, Iran, the United Arab Emirates, and Kuwait all landed in the top 10. That clustering helps explain why Middle Eastern supply continues to play an outsized role in global oil balances, even with the U.S. holding the top spot individually.
The war in Iran has led to significant disruption in crude oil production and trade in 2026, with many Middle Eastern countries’ production facilities shut down or destroyed.
Even if the war were to end soon, many facilities will require significant reinvestment and time to repair, along with high levels of uncertainty across the key energy trade route that is the Strait of Hormuz.
The concentration of output in a few countries and regions becomes even clearer lower down the ranking of oil producers. The top 10 countries accounted for 72.2% of global production, meaning all remaining producers combined contributed less than 28%.
That long tail includes countries such as Kazakhstan, Norway, Mexico, Nigeria, Libya, and Guyana, each of which adds meaningful barrels to the market without approaching the scale of the leading producers.
The result is a global crude market where a handful of countries still matter most for overall supply trends.
To learn more about the world’s crude oil, check out this graphic which shows the top countries by crude oil reserves on Voronoi.