2026-04-10 00:25:54
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China is set to become the world’s dominant nuclear power producer.
Based on existing and planned projects, its total capacity could reach nearly 186 gigawatts, far surpassing the U.S., which currently leads globally. This shift reflects a broader push to secure reliable, low-carbon energy as electricity demand rises.
This chart ranks countries by current and prospective nuclear capacity, using data from Global Energy Monitor.
The U.S. currently leads nuclear energy production with a capacity of 102,475 megawatts, exceeding France by more than 35,000 MW.
China ranks third today at 60,898 MW, but that is set to change as new plants come online.
Dive into the data, which includes sites of any capacity as of September 2025, below:
| Country | Operating Nuclear Power (GW) | Prospective Nuclear Power (GW) | Total Future Nuclear Power (GW) |
|---|---|---|---|
 China |
60.9 | 124.9 | 185.8 |
 United States |
102.5 | 15.4 | 117.9 |
 France |
65.7 | 9.9 | 75.6 |
 Russia |
28.6 | 32.2 | 60.7 |
 India |
8.2 | 31.5 | 39.7 |
 South Korea |
27.1 | 5.6 | 32.7 |
 Ukraine |
13.8 | 8.4 | 22.3 |
 Japan |
13.3 | 6.6 | 19.8 |
 Uganda |
0.0 | 18.0 | 18.0 |
 Canada |
14.6 | 2.5 | 17.2 |
 Poland |
0.0 | 15.6 | 15.6 |
 United Kingdom |
6.5 | 8.9 | 15.4 |
 Türkiye |
0.0 | 14.7 | 14.7 |
 Czechia |
4.2 | 5.7 | 9.9 |
 Kazakhstan |
0.0 | 9.6 | 9.6 |
 Iran |
1.0 | 7.4 | 8.4 |
 Spain |
7.4 | 0.0 | 7.4 |
 Sweden |
7.2 | 0.0 | 7.2 |
 United Arab Emirates |
5.7 | 0.0 | 5.7 |
 Kenya |
0.0 | 5.0 | 5.0 |
This shift has major geopolitical implications. Countries that expand nuclear capacity can reduce reliance on imported fossil fuels while strengthening energy security and grid stability.
If all planned projects are completed, China will lead with 185,812 MW, followed by the U.S. at 117,910 MW and France at 75,590 MW.
France remains a historic leader in nuclear energy, with around 69% of its electricity generated from the technology.
The UK was home to the world’s first commercial nuclear power plant, which came online in 1956, but later scaled back its use of nuclear. The government is now aiming for a “golden age of nuclear,” though current commitments totaling 15,394 MW would rank the country just 12th globally.
Of the 17 countries with zero installed capacity today, Uganda is set to scale up the most to 18,000 MW, followed by Poland with 15,612 MW and Türkiye with 14,700 MW.
Today’s nuclear expansion is centered on fission, the technology that powers all existing reactors and accounts for about 10% of global electricity generation. While mature, it is evolving through smaller, modular designs that aim to reduce costs, improve safety, and speed up deployment.
This helps explain why much of the prospective capacity in the chart includes not only large-scale plants, but also a growing wave of smaller reactors backed by governments and private capital.
At the same time, nuclear fusion, the process that powers the sun, remains a long-term ambition. Despite rising investment and recent technical progress, it has yet to reach commercial scale.
For now, the global nuclear buildout is firmly rooted in fission, as countries prioritize reliable, low-carbon power that can be deployed within the next decade.
To learn more about nuclear, check out this graphic ranking the countries building the most reactors.
2026-04-09 20:02:12
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How much you pay in taxes can vary dramatically depending on where you live. Across the U.S., total state and local tax burdens range from under 5% to over 13% of income.
This map ranks all 50 states by total tax burden, combining income, property, and sales taxes into a single measure.
The data for this visualization comes from a WalletHub analysis of Tax Policy Center data. Federal income taxes are excluded.
Hawaii ranks first with a total tax burden of 13.3%, the highest in the country. A key driver is its heavy reliance on sales and excise taxes, which account for 7.48% of personal income, the highest share among all states.
| Rank | State | Total Tax Burden (%) |
|---|---|---|
| 1 | Hawaii | 13.3 |
| 2 | New York | 12.4 |
| 3 | Vermont | 11.1 |
| 4 | New Mexico | 10.8 |
| 5 | Maine | 10.0 |
| 6 | Illinois | 9.9 |
| 7 | Maryland | 9.7 |
| 8 | New Jersey | 9.5 |
| 9 | Oregon | 9.5 |
| 10 | Rhode Island | 9.3 |
| 11 | California | 9.2 |
| 12 | Iowa | 9.2 |
| 13 | Kansas | 9.2 |
| 14 | Indiana | 9.1 |
| 15 | Minnesota | 9.1 |
| 16 | Ohio | 9.1 |
| 17 | Connecticut | 9.0 |
| 18 | West Virginia | 8.9 |
| 19 | Utah | 8.9 |
| 20 | Mississippi | 8.8 |
| 21 | Massachusetts | 8.8 |
| 22 | Louisiana | 8.8 |
| 23 | Kentucky | 8.8 |
| 24 | Pennsylvania | 8.5 |
| 25 | Washington | 8.5 |
| 26 | Arkansas | 8.4 |
| 27 | Nevada | 8.4 |
| 28 | Virginia | 8.3 |
| 29 | Nebraska | 8.2 |
| 30 | Georgia | 8.2 |
| 31 | Wisconsin | 8.1 |
| 32 | Michigan | 8.0 |
| 33 | Alabama | 7.9 |
| 34 | Missouri | 7.8 |
| 35 | North Carolina | 7.8 |
| 36 | Texas | 7.7 |
| 37 | Colorado | 7.6 |
| 38 | South Carolina | 7.5 |
| 39 | Montana | 7.3 |
| 40 | Arizona | 7.2 |
| 41 | Oklahoma | 7.1 |
| 42 | Idaho | 7.0 |
| 43 | North Dakota | 7.0 |
| 44 | Wyoming | 6.7 |
| 45 | South Dakota | 6.4 |
| 46 | Delaware | 6.3 |
| 47 | Florida | 6.3 |
| 48 | Tennessee | 6.2 |
| 49 | New Hampshire | 5.4 |
| 50 | Alaska | 4.9 |
New York follows at 12.4%, driven by a combination of relatively high income and property taxes. Vermont, New Mexico, and Maine round out the top five, with each above a 10% total tax burden.
For most Americans, tax burdens are far less extreme. The majority of states fall between roughly 8% and 10% of income, including Illinois, Maryland, California, and Minnesota.
That clustering reflects trade-offs. States with lower income taxes often make up the difference through higher property or sales taxes, leading to similar overall burdens.
At the bottom of the ranking are states with significantly lower tax burdens, led by Alaska at 4.9% and New Hampshire at 5.4%. Several states, including Florida, Texas, and Tennessee, do not levy a state income tax.
However, no income tax does not always translate into the lowest overall burden. Many of these states rely more heavily on sales taxes or alternative revenue sources such as tourism or natural resources.
If you enjoyed today’s post, check out Where Americans Pay the Most Income Tax on Voronoi, the new app from Visual Capitalist.
2026-04-09 02:09:00
Economic health, trade flows, and financial stability—among other factors—continue to play a central role in shaping how currencies perform globally.
This graphic, developed in partnership with OANDA, breaks down how the world’s most actively traded currencies performed in 2025, offering a snapshot of currency strength across key regions.
Among developed economies, the U.S. dollar (USD) continues to dominate global FX trading, with average daily turnover reaching $8.56 trillion, according to the BIS. The euro (EUR) follows at $2.77 trillion, while the Japanese yen (JPY) remains the most traded currency in Asia.
Despite this dominance, 2025 was a weaker year for advanced market currencies overall, particularly the U.S. dollar, which fell 9.1% amid slowing economic momentum and shifting interest rate expectations.
| Region | Currency | 2025 (% change) |
|---|---|---|
| North America | U.S. dollar (USD) | -9.1% |
| Middle East & North Africa | UAE dirham (AED) | 0.0% |
| South Asia | Indian rupee (INR) | -4.8% |
| Sub-Saharan Africa | South African rand (ZAR) | 13.5% |
| Europe & Central Asia | Euro (EUR) | 13.0% |
| East Asia & Pacific | Japanese yen (JPY) | 0.1% |
| Latin America & Caribbean | Mexican peso (MXN) | 15.3% |
The euro was a notable exception, rebounding 13.0% as inflation pressures eased and growth expectations improved across the region.
Meanwhile, the Japanese yen was largely unchanged, edging up just 0.1% against the USD, reflecting continued divergence in monetary policy between the U.S. and Japan.
In contrast, many emerging market currencies delivered strong gains in 2025, benefiting from shifting capital flows and improving investor sentiment.
The Mexican peso led global performance, surging 15.3% against the U.S. dollar, while the South African rand followed with a 13.5% increase, highlighting renewed strength across parts of Latin America and Africa.
Not all emerging currencies advanced, however. The Indian rupee declined 4.8% against the USD, weighed down by structural challenges and capital outflows.
In the Middle East, the UAE dirham remained stable due to its peg to the U.S. dollar, effectively mirroring the greenback’s performance.
The divergence between advanced and emerging market currencies in 2025 underscores how quickly global FX dynamics can shift.
As the U.S. dollar weakened, capital rotated toward higher-yielding and previously underperforming currencies, driving strong rebounds in several emerging markets.
For investors, this environment highlights the importance of tracking relative economic strength, central bank policy direction, and exposure to commodity-driven economies.
OANDA provides access to a wide range of global currencies, helping traders navigate evolving opportunities in the foreign exchange market.
Note: Past performance is not indicative of future results.
The USD appears in 88% of global FX trades and 58% of reserves—but which currencies are most frequently paired with it?
Gold’s breakout in 2025 is compelling when viewed across global currencies. Which ones are rising the fastest?
As U.S. trade policy shifts under President Trump, global exporters are facing a more uneven landscape. Which ones are winning versus losing?
Will Fed easing in 2026 pressure the USD, or will global rate shifts rewrite the usual pattern?
For each of the world’s seven major regions, what is the most-traded currency and how did it perform versus the U.S. dollar in 2024?
Building a well-balanced, diversified portfolio involves including assets with varying correlations. The USD, with its weak or negative correlations to other assets, can be a valuable…
The U.S. dollar is used in 88% of FX trading transactions. Which currencies are most commonly on the other side of the exchange?
Which major currencies have performed best on the foreign exchange market over the last decade?
2026-04-09 01:12:09
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SpaceX is still private, but its reported IPO valuation target already puts it in rare territory.
At $1.75 trillion, Elon Musk’s rocket and satellite company would enter the public markets as the eighth-largest company in the world.
This visualization compares SpaceX’s targeted IPO valuation with those of the world’s largest public companies, ranked by market capitalization using data from CompaniesMarketCap and Bloomberg as of April 1, 2026.
At a targeted valuation of $1.75 trillion, SpaceX would be worth more than all but seven of the world’s largest public companies.
The table below shows the biggest companies globally by market cap and where SpaceX would rank among them:
| Rank | Company | Market Cap (billions, USD) |
|---|---|---|
| 1 | NVIDIA | 4,280 |
| 2 | Apple | 3,760 |
| 3 | Alphabet (Google) | 3,580 |
| 4 | Microsoft | 2,750 |
| 5 | Amazon | 2,270 |
| 6 | TSMC | 1,780 |
| 7 | Saudi Aramco | 1,780 |
| 8 | SpaceX | 1,750 |
| 9 | Broadcom | 1,490 |
| 10 | Meta Platforms (Facebook) | 1,470 |
| 11 | Tesla | 1,430 |
| 12 | Berkshire Hathaway | 1,030 |
| 13 | Walmart | 996 |
| 14 | Eli Lilly | 858 |
| 15 | Samsung | 838 |
| 16 | JPMorgan Chase | 797 |
The largest U.S. companies include Nvidia, Apple, Alphabet, Microsoft, and Amazon, alongside international giants like TSMC and Saudi Aramco.
If SpaceX lists near $1.75 trillion, it would surpass Saudi Aramco’s roughly $1.7 trillion debut in 2019, making it the largest IPO by valuation in history.
For context, that valuation would be more than double the size of JPMorgan, the largest U.S. bank, and Eli Lilly, the world’s largest pharmaceutical company.
SpaceX already handles over half of all global orbital launches. In addition to its reusable rockets, it operates Starlink, the world’s largest satellite internet network.
Musk’s path to becoming a trillionaire depends largely on his stakes in SpaceX (42%) and Tesla (12%).
A public listing near $1.75 trillion would significantly increase the value of his holdings, potentially putting him within reach of a $1 trillion net worth, depending on Tesla’s share price.
Musk is already the world’s richest person, but crossing the trillion-dollar threshold would mark a first in history—roughly equivalent to Switzerland’s annual GDP.
To learn more about how big the space economy is, check out this graphic, which visualizes its size.
2026-04-08 20:05:58
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Americans aren’t just moving, they’re bringing billions in wealth with them.
This map visualizes net wealth migration by state in 2023, based on Realtor.com’s analysis of the latest data from the Internal Revenue Service.
Florida alone gained tens of billions in income from out-of-state residents. Meanwhile, states like California and New York saw massive outflows, highlighting how affordability is playing a central role in domestic migration trends.
Between 2019 and 2023, Florida saw $137 billion in net income flows from interstate moves, exceeding the GDP of Hawaii.
The annual adjusted gross income from these flows reached nearly $21 billion in 2023, more than the next five states combined.
These inflows aren’t just large—they’re high-income. Florida’s incoming residents had an average annual income of $122,530, meaning the state isn’t just gaining people, but higher-earning taxpayers who can significantly boost local economies.
This table shows net income flows from domestic migration in 2023 by state:
| Rank | State | Net Interstate Income Flows 2023 |
|---|---|---|
| 1 | Florida | $21B |
| 2 | Texas | $6B |
| 3 | North Carolina | $4B |
| 4 | South Carolina | $4B |
| 5 | Arizona | $3B |
| 6 | Tennessee | $3B |
| 7 | Nevada | $2B |
| 8 | Idaho | $988M |
| 9 | Georgia | $746M |
| 10 | Colorado | $715M |
| 11 | Alabama | $540M |
| 12 | Maine | $502M |
| 13 | Montana | $500M |
| 14 | Utah | $477M |
| 15 | Arkansas | $447M |
| 16 | Oklahoma | $261M |
| 17 | South Dakota | $256M |
| 18 | Wyoming | $149M |
| 19 | Vermont | $93M |
| 20 | West Virginia | $11M |
| 21 | Hawaii | -$3M |
| 22 | Mississippi | -$66M |
| 23 | Wisconsin | -$76M |
| 24 | New Mexico | -$93M |
| 25 | Kentucky | -$112M |
| 26 | North Dakota | -$144M |
| 27 | Alaska | -$210M |
| 28 | Missouri | -$215M |
| 29 | Nebraska | -$244M |
| 30 | Washington | -$265M |
| 31 | Iowa | -$266M |
| 32 | Indiana | -$326M |
| 33 | Kansas | -$361M |
| 34 | Connecticut | -$460M |
| 35 | Oregon | -$476M |
| 36 | Louisiana | -$799M |
| 37 | Virginia | -$912M |
| 38 | Michigan | -$956M |
| 39 | Minnesota | -$1B |
| 40 | Pennsylvania | -$2B |
| 41 | Ohio | -$2B |
| 42 | New Jersey | -$3B |
| 43 | Massachusetts | -$4B |
| 44 | Illinois | -$6B |
| 45 | New York | -$10B |
| 46 | California | -$12B |
| -- | Delaware | n/a |
| -- | New Hampshire | n/a |
| -- | Maryland | n/a |
| -- | Rhode Island | n/a |
Texas followed with $6 billion in inflows, while other Sun Belt states like North Carolina and South Carolina each gained $4 billion.
Arizona and Tennessee, meanwhile, each brought in $3 billion. Not only do many of these states lead in new home construction per capita, they are known for their lower cost of living compared to states like California and New York.
California lost $12 billion in wealth in 2023 alone, the largest outflow of any state. This highlights how high housing costs and taxes are pushing even high-income households to relocate.
From 2019 to 2023, wealth outflows totaled a staggering $91 billion. Both high housing costs and tax burdens have pushed many residents to seek more affordable destinations.
New York experienced $10 billion in net outflows, while Illinois (-$6 billion) and Massachusetts (-$4 billion) also saw sharp declines.
Overall, wealth migration trends point to a sustained shift toward lower-cost, high-growth states.
As income flows concentrate in regions like the Sun Belt, these movements are influencing housing demand, state tax revenues, and local economic activity. In many cases, states gaining wealth are also seeing stronger population growth and increased housing construction.
At the same time, continued outflows from high-cost states highlight the growing role of affordability in shaping where Americans choose to live, and where capital ultimately follows.
If these trends continue, the shift in wealth could reshape state economies for years to come. Tax revenue, housing demand, and economic influence may increasingly concentrate in faster-growing, lower-cost regions.
To learn more about this topic, check out this graphic on America’s fastest-growing states from 2025-2050.
2026-04-08 14:29:27
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Air power remains one of the clearest signals of military reach, and a key measure of how militaries project power globally.
This chart ranks the world’s largest air forces in 2026 by total aircraft, revealing a massive gap between the United States and every other country. It also breaks out fighter and interceptor fleets, offering a closer look at frontline combat strength.
The data for this visualization comes from GlobalFirepower, as of March 2026.
The most striking takeaway is the scale gap at the top.
The United States leads with 13,032 aircraft, more than the next three countries combined, putting it in a class of its own.
Russia ranks second with 4,237 aircraft, while China is third with 3,529.
| Rank | Country | Total Aircraft | Fighters / Interceptors |
|---|---|---|---|
| 1 |
United States |
13,032 | 1,791 |
| 2 |
Russia |
4,237 | 861 |
| 3 |
China |
3,529 | 1,443 |
| 4 |
India |
2,183 | 476 |
| 5 |
South Korea |
1,540 | 242 |
| 6 |
Japan |
1,429 | 217 |
| 7 |
 Pakistan |
1,397 | 331 |
| 8 |
Türkiye |
1,101 | 201 |
| 9 |
 Egypt |
1,088 | 242 |
| 10 |
France |
974 | 223 |
| 11 |
 Saudi Arabia |
917 | 283 |
| 12 |
 North Korea |
837 | 341 |
| 13 |
 Taiwan |
720 | 258 |
| 14 |
 Italy |
714 | 88 |
| 15 |
United Kingdom |
625 | 103 |
| 16 |
 Algeria |
620 | 111 |
| 17 |
 Israel |
597 | 239 |
| 18 |
United Arab Emirates |
581 | 99 |
| 19 |
 Germany |
569 | 127 |
| 20 |
 Greece |
560 | 178 |
The United States has long prioritized air dominance, and the size of its fleet reflects that strategy.
In fact, its 1,791 fighters and interceptors alone exceed the total aircraft inventories of many countries on this list.
Most aircraft in an air force aren’t combat jets. Instead, they are support systems that enable operations.
These include transport planes for moving troops and equipment, helicopters for mobility and logistics, training aircraft for pilot development, and specialized planes for refueling, surveillance, and electronic warfare. Together, these fleets determine how far, how fast, and how effectively a military can project air power.
Air power is increasingly centered in Asia and the Middle East.
China, India, South Korea, Japan, Pakistan, and Türkiye all place in the top eight, while Egypt and Saudi Arabia also rank in the top 11.
Looking only at fighters and interceptors reveals a different balance of power.
China’s 1,443 fighter aircraft bring it closer to the U.S. in frontline combat aviation than total fleet size alone would suggest.
In addition, North Korea stands out, ranking 12th in total aircraft but fielding 341 fighters and interceptors, more than several countries with larger overall fleets. Meanwhile, nations like France, Israel, Taiwan, and Saudi Arabia show how relatively smaller air forces can still maintain substantial combat capability through a high share of fighter aircraft.
In modern warfare, total fleet size shows scale—but fighter strength and support capabilities together determine how that power is actually used.
If you enjoyed today’s post, check out Iran War Sees Lowest U.S. Approval Rating Ever on Voronoi, the new app from Visual Capitalist.
