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Mapped: The World’s Top Innovation Clusters

2026-06-25 03:08:21

Mapped: The World’s Top Innovation Clusters

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:

  • China hosts 24 of the world’s top 100 innovation clusters, surpassing the U.S. (22) for the largest number of leading hubs.
  • The world’s top 10 innovation clusters generate nearly 40% of global patent filings, showing how concentrated global innovation has become.
  • Just 33 economies account for all 100 leading clusters, which together represent roughly 70% of global patent applications and venture capital activity.

Innovation is often discussed at the national level, but breakthrough technologies tend to emerge from smaller geographic hubs where researchers, startups, investors, and established companies interact closely.

Using data from the World Intellectual Property Organization’s (WIPO) Global Innovation Index 2025, this graphic ranks the world’s top innovation clusters based on scientific publications, international patent filings, and venture capital activity.

The rankings highlight where research, capital, and entrepreneurship are combining to create the world’s most influential innovation ecosystems.

Where Are the World’s Top Innovation Clusters?

The table below shows the world’s leading innovation clusters according to WIPO’s 2025 rankings.

Rank Innovation Cluster Country
1 Shenzhen–Hong Kong–Guangzhou 🇨🇳🇭🇰 China / Hong Kong
2 Tokyo–Yokohama 🇯🇵 Japan
3 San Jose–San Francisco 🇺🇸 United States
4 Beijing 🇨🇳 China
5 Seoul 🇰🇷 South Korea
6 Shanghai–Suzhou 🇨🇳 China
7 New York City 🇺🇸 United States
8 London 🇬🇧 United Kingdom
9 Boston–Cambridge 🇺🇸 United States
10 Los Angeles 🇺🇸 United States
11 Osaka–Kobe–Kyoto 🇯🇵 Japan
12 Paris 🇫🇷 France
13 Hangzhou 🇨🇳 China
14 San Diego 🇺🇸 United States
15 Nanjing 🇨🇳 China
16 Singapore 🇸🇬🇲🇾 Singapore / Malaysia
17 Washington–Baltimore 🇺🇸 United States
18 Wuhan 🇨🇳 China
19 Tel Aviv–Jerusalem 🇮🇱 Israel
20 Seattle 🇺🇸 United States
21 Bengaluru 🇮🇳 India
22 Amsterdam–Rotterdam 🇳🇱 Netherlands
23 Philadelphia 🇺🇸 United States
24 Chengdu 🇨🇳 China
25 Daejeon 🇰🇷 South Korea
26 Delhi 🇮🇳 India
27 Munich 🇩🇪 Germany
28 Nagoya 🇯🇵 Japan
29 Xi'an 🇨🇳 China
30 Berlin 🇩🇪 Germany
31 Chicago 🇺🇸 United States
32 Stockholm 🇸🇪 Sweden
33 Toronto 🇨🇦 Canada
34 Qingdao 🇨🇳 China
35 Denver 🇺🇸 United States
36 Sydney 🇦🇺 Australia
37 Austin 🇺🇸 United States
38 Houston 🇺🇸 United States
39 Hefei 🇨🇳 China
40 Zürich 🇨🇭 Switzerland
41 Taipei–Hsinchu 🇹🇼 Taiwan*
42 Copenhagen 🇩🇰 Denmark
43 Cologne 🇩🇪 Germany
44 Changsha 🇨🇳 China
45 Barcelona 🇪🇸 Spain
46 Mumbai 🇮🇳 India
47 Madrid 🇪🇸 Spain
48 Moscow 🇷🇺 Russia
49 São Paulo 🇧🇷 Brazil
50 Tianjin 🇨🇳 China
51 Minneapolis 🇺🇸 United States
52 Melbourne 🇦🇺 Australia
53 Raleigh 🇺🇸 United States
54 Stuttgart 🇩🇪 Germany
55 Brussels–Antwerp 🇧🇪 Belgium
56 Milan 🇮🇹 Italy
57 Chongqing 🇨🇳 China
58 Istanbul 🇹🇷 Turkey
59 Atlanta 🇺🇸 United States
60 Helsinki 🇫🇮 Finland
61 Dallas 🇺🇸 United States
62 Montréal 🇨🇦 Canada
63 Tehran 🇮🇷 Iran
64 Frankfurt am Main 🇩🇪 Germany
65 Eindhoven 🇳🇱 Netherlands
66 Vancouver 🇨🇦 Canada
67 Miami 🇺🇸 United States
68 Jinan 🇨🇳 China
69 Cambridge 🇬🇧 United Kingdom
70 Harbin 🇨🇳 China
71 Dublin 🇮🇪 Ireland
72 Changchun 🇨🇳 China
73 Portland 🇺🇸 United States
74 Vienna 🇦🇹 Austria
75 Shenyang 🇨🇳 China
76 Pittsburgh 🇺🇸 United States
77 Oxford 🇬🇧 United Kingdom
78 Phoenix 🇺🇸 United States
79 Mexico City 🇲🇽 Mexico
80 Zhengzhou 🇨🇳 China
81 Xiamen 🇨🇳 China
82 Rome 🇮🇹 Italy
83 Cairo 🇪🇬 Egypt
84 Chennai 🇮🇳 India
85 Oslo 🇳🇴 Norway
86 Kuala Lumpur 🇲🇾 Malaysia
87 Heidelberg–Mannheim 🇩🇪 Germany
88 Dalian 🇨🇳 China
89 Warsaw 🇵🇱 Poland
90 Lyon 🇫🇷 France
91 Hamburg 🇩🇪 Germany
92 Salt Lake City 🇺🇸 United States
93 Ningbo 🇨🇳 China
94 Manchester 🇬🇧 United Kingdom
95 Busan 🇰🇷 South Korea
96 Ann Arbor 🇺🇸 United States
97 Göteborg 🇸🇪 Sweden
98 Macau–Zhuhai 🇨🇳 China
99 Ningde 🇨🇳 China
100 Zhenjiang 🇨🇳 China

China and the U.S. dominate the rankings, while innovation hotspots in Japan, South Korea, Europe, and India also feature prominently.

Shenzhen–Hong Kong–Guangzhou claims the top spot globally, followed by Tokyo–Yokohama and Silicon Valley’s San Jose–San Francisco corridor.

Unlike city rankings, WIPO’s clusters often span multiple metropolitan areas and even national borders. The organization uses a bottom-up methodology that identifies regions with dense concentrations of inventors and scientific authors, rather than relying on political boundaries. As a result, clusters often represent entire innovation ecosystems rather than individual cities.

The Concentration of Innovation

Innovation clusters emerge because talent, capital, and institutions tend to reinforce one another. Leading research universities attract scientists, successful startups attract investors, and large technology firms create opportunities for commercialization. Over time, these advantages compound.

This dynamic helps explain why a handful of regions consistently dominate global innovation. Silicon Valley benefits from world-class universities, deep venture capital markets, and a culture of entrepreneurship. Similarly, China’s leading clusters have been supported by sustained investment in research, advanced manufacturing, and technology commercialization.

The concentration of innovation has become an increasingly important factor in global economic competition. Recent analysis from Foreign Affairs argues that technological leadership is now a central pillar of geopolitical power, while research from CSIS highlights how government-supported R&D ecosystems can accelerate innovation capacity.

China’s Rise Reshapes the Innovation Map

One of the most notable trends in recent years has been the rapid rise of Chinese innovation clusters. Shenzhen–Hong Kong–Guangzhou now ranks as the world’s leading cluster, while Beijing and Shanghai–Suzhou also place among the global elite. China hosts more top-100 clusters than any other economy.

At the same time, the U.S. remains a dominant force in commercialization and venture capital. New York, Los Angeles, Boston, Seattle, and Silicon Valley continue to rank among the world’s most influential innovation ecosystems. In areas such as artificial intelligence innovation, American clusters continue to attract a disproportionate share of global investment and entrepreneurial activity.

Learn More on the Voronoi App

To see how innovation leadership has evolved over centuries, and what today’s leading clusters might signal about the future, check out Long Waves: The History of Innovation Cycles on the Voronoi app.

Ranked: The World’s Most Valuable Unicorns in 2026

2026-06-25 01:03:23

Ranked: The World’s Most Valuable Unicorns 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

  • The world’s 30 most valuable unicorns are worth a combined $3.9 trillion.
  • AI companies account for roughly 60% of that combined valuation.
  • Just two companies, Anthropic and OpenAI, make up nearly half of the total value shown in this ranking.

The world’s most valuable unicorns are no longer led by fintech, e-commerce, or social media platforms. In 2026, artificial intelligence companies dominate the top of the private-market rankings.

This graphic ranks the world’s most valuable unicorn companies, defined as private firms valued at $1 billion or more.

The data comes from Crunchbase, based on each firm’s latest reported private-market valuation.

AI Dominates the Unicorn Landscape

Anthropic tops the ranking with a valuation of $965 billion, followed closely by OpenAI at $852 billion. Together, these two AI leaders are worth a combined $1.8 trillion.

Rank Company Valuation
1 🇺🇸 Anthropic $965B
2 🇺🇸 OpenAI $852B
3 🇨🇳 ByteDance $480B
4 🇺🇸 Stripe $159B
5 🇨🇳 Ant Group $150B
6 🇺🇸 Databricks $134B
7 🇺🇸 Waymo $126B
8 🇮🇳 Reliance Retail $101B
9 🇬🇧 Revolut $75B
10 🇨🇳 Shein $66B
11 🇺🇸 Anduril Industries $61B
12 🇮🇳 Reliance Jio $58B
13 🇺🇸 Ramp $44B
14 🇦🇺 Canva $42B
15 🇬🇧 Checkout.com $40B
16 🇺🇸 Ripple $40B
17 🇺🇸 Figure $39B
18 🇺🇸 Project Prometheus $38B
19 🇺🇸 Safe Superintelligence $32B
20 🇺🇸 Fanatics $31B
21 🇨🇳 Alibaba Bendi Shenghuo Fuwu Gongsi $30B
22 🇺🇸 VAST Data $30B
23 🇺🇸 Anysphere $29B
24 🇺🇸 Scale $29B
25 🇺🇸 Cognition $26B
26 🇸🇨 OKX $25B
27 🇬🇧 FNZ $24B
28 🇺🇸 JUUL $23B
29 🇺🇸 Epic Games $23B
30 🇨🇳 Yangtze Memory Technologies $23B

Beyond the top two, several other AI-focused companies appear in the rankings, including Databricks, Figure, Safe Superintelligence, Anysphere, Scale AI, and Cognition.

The United States Leads Global Unicorn Creation

American companies dominate the list, accounting for a substantial majority of the top-ranked unicorns.

This leadership reflects the depth of U.S. venture capital markets, access to technical talent, and a mature startup ecosystem capable of scaling companies to enormous valuations.

At the same time, the list highlights how innovation remains geographically diverse. China, India, the United Kingdom, Australia, and Seychelles are all represented among the world’s most valuable private companies.

Fintech, Commerce, and Mobility Remain Major Themes

While AI captures much of the spotlight, several of the world’s largest unicorns operate in other industries.

Stripe, Revolut, Checkout.com, and Ramp are among the highest-valued fintech companies, reflecting ongoing demand for digital financial services.

China’s ByteDance remains one of the largest private companies globally, while Shein continues to demonstrate the scale that online retail platforms can achieve.

In mobility and transportation, Waymo’s valuation highlights investor optimism surrounding autonomous driving technologies.

The list also includes Alibaba Bendi Shenghuo Fuwu Gongsi, Alibaba Group’s local services division, which includes food delivery and on-demand commerce platforms.

Learn More on the Voronoi App

If you enjoyed today’s post, check out Ranked: The Biggest U.S. Companies by Revenue (2024–2026) on Voronoi.

Charted: How Many Years of Supply Life Are Left for Commodities?

2026-06-24 23:51:00

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The following content is sponsored by Global X Canada

Charted: How Many Years of Supply Life Are Left for Commodities?

Key Takeaways

  • Rare earth metals had the largest reduction in supply life, losing nearly 300 years worth of supply between 2020 and 2025.
  • Lithium (-127 years) and uranium (-31 years) followed rare earths, while other commodities like oil & gas, copper, and gold all remained relatively stable.

In just five years, the world has reduced the supply life of rare earth metals by nearly 300 years. 

This graphic, in partnership with Global X Canada, is the first of three graphics in the Investing in Commodities series. It shows how the supply life of different critical commodities has changed between 2020-2025 using data from the USGS, OPEC, and NEA.

Rare Earths With the Steepest Drop

Rare earth metals recorded the biggest change between 2020 and 2025. Their estimated supply life fell from 500 years to 218 years, a drop of 282 years.

Critical Commodity 2020 2025
Rare Earth Metals 500 218
Lithium 255 128
Uranium 121 90
Oil 61 58
Natural Gas 51 51
Cobalt 50 39
Copper 42 43
Silver 21 23
Gold 17 20

For uranium, the 2020 and 2025 values are estimated from 2021 and 2023 NEA data points.

Lithium supply life declined by 127 years, while uranium had a smaller drop of 31 years. These drops matter for electric vehicles, wind turbines, and defense technologies that all rely on steady rare earths  and other critical minerals.

Traditional Commodities More Stable

The sharpest supply-life shifts centered on critical minerals, not legacy commodities. Cobalt is the lone critical mineral with moderate change, having a decline of 11 years.

For legacy commodities, oil had a modest reduction of 4 years while the precious metals, silver and gold, saw slight increases in supply while others stayed essentially flat.

Investing in Commodities

For investors, shrinking supply life can signal where demand growth may collide with limited resource availability. It can also highlight geopolitical risk when supply remains heavily concentrated in just a handful of countries.

Commodity ETFs can offer diversified access without selecting individual producers. As demand grows, Global X Canada’s ETFs may help investors position around long-term resource trends.

To learn more, explore the Global X All-In-One Commodity Producers Equity ETF (COMX). Minimize the guesswork of trying to pick which commodity segment may outperform each year.

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See how COMX offers diversified access across precious metals, energy, and base metals producers.

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Certain statements may constitute a forward-looking statement, including those identified by the expression “expect” and similar expressions (including grammatical variations thereof). The forward-looking statements are not historical facts but reflect the author’s current expectations regarding future results or events. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. These and other factors should be considered carefully and readers should not place undue reliance on such forward-looking statements. These forward-looking statements are made as of the date hereof and the authors do not undertake to update any forward-looking statement that is contained herein, whether as a result of new information, future events or otherwise, unless required by applicable law.

This communication is intended for informational purposes only and does not constitute an offer to sell or the solicitation of an offer to purchase investment products (the “Global X Funds”) managed by Global X Investments Canada Inc. and is not, and should not be construed as, investment, tax, legal or accounting advice, and should not be relied upon in that regard. Individuals should seek the advice of professionals, as appropriate, regarding any particular investment. Investors should consult their professional advisors prior to implementing any changes to their investment strategies. These investments may not be suitable to the circumstances of an investor.

All comments, opinions and views expressed are generally based on information available as of the date of publication and should not be considered as advice to purchase or to sell mentioned securities. Before making any investment decision, please consult your investment advisor or advisors.

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Ranked: Top 25 Private Landowners in the U.S.

2026-06-24 22:07:41

Ranked: Top 25 Private Landowners in the U.S.

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:

  • The top 25 private landowners in America collectively control roughly 24.5 million acres, an area comparable to the entire state of Indiana.
  • Stan Kroenke ranks first with 2.7 million acres after adding nearly 937,000 acres through the acquisition of the Singleton Ranches.
  • The top four landowners alone control approximately 9.3 million acres, accounting for nearly 38% of the acreage held by the top 25.

America’s largest private landowners oversee vast stretches of ranchland, timberland, farmland, and conservation areas.

Using data from The Land Report 100, this visualization created by Julie R. Peasley ranks the 25 individuals and families with the largest landholdings in the country.

While public lands often dominate discussions about America’s geography, private ownership remains the prevailing model. Farms, ranches, forests, and other working landscapes account for much of that acreage.

America’s Largest Private Landowners

The following table ranks the 25 largest private landowners in the United States, based on estimated acreage holdings compiled by The Land Report.

Rank Name Total Acres
1 Stan Kroenke 2,700,000
2 Emmerson Family 2,440,000
3 John Malone 2,200,000
4 Ted Turner 2,000,000
5 Reed Family 1,615,000
6 Peter Buck 1,320,000
7 Irving Family 1,267,000
8 King Ranch Heirs 911,000
9 Pingree Heirs 830,000
10 Cullen Heirs 800,000
11 Briscoe Family 738,000
12 Wilks Brothers 652,000
13 Thomas Peterffy 647,000
14 Stefan Soloviev 629,000
15 Brad Kelley 624,000
16 Lykes Heirs 615,000
17 Ford Family 600,000
18 Westervelt Heirs 600,000
19 Stimson Family 552,000
20 Martin Family 550,000
21 Jeff Bezos 462,000
22 Zane & Tanya Kiehne 455,000
23 Shannon Kizer 445,000
24 Simplot Family 443,000
25 Fisher Family 440,000

Ownership at the top is highly concentrated. The four largest landowners each control at least 2 million acres, and together they hold roughly 9.3 million acres. Even the 25th-ranked owner, the Fisher family, controls approximately 440,000 acres, an area larger than many U.S. counties.

Stan Kroenke’s rise to the top spot marks the biggest shift in the latest rankings. The sports and real estate billionaire increased his holdings to 2.7 million acres after acquiring nearly one million additional acres in New Mexico, the largest U.S. land transaction in more than a decade.

His portfolio includes ranches across the American West in addition to ownership stakes in the Los Angeles Rams, Denver Nuggets, and Colorado Avalanche, among other sports franchises. His holdings now span roughly 4,200 square miles.

Timber, Ranching, and Conservation Dominate the List

Despite their diverse backgrounds, many of America’s largest landowners generate value from similar land uses.

The Emmerson family, ranked second with 2.44 million acres, built its holdings through Sierra Pacific Industries, America’s largest private timber company. Meanwhile, John Malone, who ranks third with 2.2 million acres, has increasingly focused on conservation initiatives, sustainable agriculture, and land stewardship. Ted Turner, fourth with 2 million acres, is widely known for combining ranching operations with one of North America’s largest private bison conservation efforts.

Further down the ranking, several names reflect multigenerational landownership. The King Ranch heirs, Pingree heirs, Cullen heirs, and Briscoe family all trace significant portions of their holdings to historic ranching, timber, and energy fortunes built over decades or even centuries.

The list also includes modern entrepreneurs such as Subway co-founder Peter Buck and Amazon founder Jeff Bezos. Despite being one of the world’s wealthiest individuals, Bezos ranks just 21st with roughly 462,000 acres.

Why Private Land Ownership Matters

Private land ownership plays a central role in how America’s landscapes are managed. According to the USDA, roughly 70% of the nation’s land is privately owned, making private landowners critical partners in conservation, agriculture, forestry, and wildlife management.

When a country has more private land than public land, decisions about resource management and habitat protection often depend on individual owners rather than government agencies. Large landowners can therefore have an outsized influence on environmental outcomes, particularly when land remains dedicated to working forests, ranches, or conservation easements.

Foreign ownership of U.S. land is another closely watched topic. Foreign entities own tens of millions of acres nationwide, with Canadian entities historically leading foreign ownership of U.S. land, and Chinese entities holding roughly 1% of foreign-owned U.S. acreage. However, the vast majority of acreage on this ranking remains held by U.S.-based individuals and families.

Learn More on the Voronoi App

Interested in exploring more of America’s largest privately held assets?

Check out America’s 10 Biggest Private Companies by Revenue on the Voronoi app to see which privately owned firms generate the most revenue in the country.

Mapped: Which Countries Hold the Biggest Mineral Reserves?

2026-06-24 20:02:12

Which Countries Hold the Biggest Mineral Reserves?

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

  • Australia holds the largest reserves of five major minerals, more than any other country in the dataset.
  • China leads in rare earths and graphite reserves, giving it a major position in several strategic supply chains.
  • Some minerals are heavily concentrated in a single country, including platinum-group metals in South Africa (83%) and phosphate in Morocco (69%).

A small group of countries controls the world’s largest reserves of many of the minerals that power modern economies.

This map shows the top reserve-holding country for 18 key minerals, from iron ore and copper to rare earths and cobalt. In several cases, a single nation accounts for an outsized share of global reserves, creating potential supply chain bottlenecks and geopolitical leverage.

The data for this visualization comes from the U.S. Geological Survey’s Mineral Commodity Summaries 2026 and the World Nuclear Association.

Australia Leads Across Multiple Resources

While some countries dominate a single resource, Australia stands out for the breadth of its mineral wealth. It ranks first globally in reserves of five major commodities, giving it one of the most diversified resource bases in the world.

The country ranks first in reserves of gold, uranium, iron ore, zinc, and manganese.

Mineral Largest reserves Share
Gold 🇦🇺 Australia 20%
Silver 🇵🇪 Peru 18%
Copper 🇨🇱 Chile 21%
Uranium 🇦🇺 Australia 28%
Diamond 🇷🇺 Russia 44%
Coal 🇺🇸 U.S. 23%
Lithium 🇨🇱 Chile 25%
Iron ore 🇦🇺 Australia 31%
Bauxite (Aluminum) 🇬🇳 Guinea 26%
Rare Earth 🇨🇳 China 52%
Nickel 🇮🇩 Indonesia 44%
Cobalt 🇨🇩 DRC 50%
Phosphate 🇲🇦 Morocco 69%
Graphite 🇨🇳 China 32%
Zinc 🇦🇺 Australia 27%
Potash 🇨🇦 Canada 45%
Manganese 🇦🇺 Australia 32%
Platinum-Group Metals 🇿🇦 South Africa 83%

Its dominance in iron ore is particularly significant, with 31% of global reserves.

Australia is also home to 28% of the world’s uranium reserves, making it an important player in the future of nuclear energy.

China’s Strategic Resource Position

China leads global reserves of both rare earth elements and graphite, two minerals that sit at the center of modern industrial supply chains.

Together, they support technologies ranging from EV batteries and wind turbines to semiconductors and advanced defense systems.

Rare earths are especially important because they are difficult to substitute in many advanced technologies.

Where Mineral Reserves Are Most Concentrated

Some of the world’s most important mineral reserves are concentrated in just one country. South Africa holds 83% of global platinum-group metal reserves, Morocco controls 69% of phosphate reserves, and the Democratic Republic of Congo accounts for half of global cobalt reserves. This concentration can make global supply chains highly dependent on a small number of producers.

Meanwhile, Indonesia holds 44% of nickel reserves, another key ingredient in electric vehicle batteries.

Learn More on the Voronoi App

If you enjoyed today’s post, check out Where Are the World’s Rare Earth Metals? on Voronoi, the new app from Visual Capitalist.

Mapped: Where Diesel Prices Have Surged Since the Iran War

2026-06-24 08:41:04

Mapped: Where Diesel Prices Have Surged Since the Iran War

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:

  • Diesel prices have more than doubled in Laos (+149.7%) and Fiji (+110.1%) since the Iran war began.
  • Several major economies have seen sharp increases, including the U.S. (+40.5%), UK (+30.1%), China (+28.6%), and South Korea (+26.3%).
  • Oil-producing countries such as Saudi Arabia, Kuwait, Oman, and Algeria recorded no diesel price growth, highlighting how domestic supply can shield consumers from global energy shocks.

Fuel markets have been under pressure since the start of the Iran war, as concerns over oil supply disruptions pushed energy prices higher.

This visualization by Iswardi Ishak, using data from Global Petrol Prices, shows how diesel prices changed between February 23 and June 1, revealing where the conflict’s impact on fuel markets has been felt most acutely.

Unlike gasoline, diesel is deeply tied to freight transportation, agriculture, manufacturing, and construction, making it an important indicator of broader economic pressures.

How Diesel Prices Have Changed Around the World

The table below shows diesel price changes for the 128 countries in the dataset:

Rank Country Diesel Price Change (Feb 23-Jun 1)
1 🇱🇦 Laos 149.7%
2 🇫🇯 Fiji 110.1%
3 🇲🇲 Burma (Myanmar) 85.6%
4 🇱🇸 Lesotho 84.4%
5 🇮🇩 Indonesia 80.1%
6 🇦🇪 United Arab Emirates 71.8%
7 🇳🇿 New Zealand 70.6%
8 🇵🇪 Peru 64.5%
9 🇲🇾 Malaysia 62.9%
10 🇹🇿 Tanzania 60.4%
11 🇳🇵 Nepal 58.5%
12 🇨🇼 Curacao 55.7%
13 🇱🇧 Lebanon 54.6%
14 🇸🇬 Singapore 54.0%
15 🇨🇱 Chile 54.0%
16 🇭🇳 Honduras 53.8%
17 🇵🇦 Panama 53.7%
18 🇾🇹 Mayotte 52.9%
19 🇻🇳 Vietnam 49.3%
20 🇱🇰 Sri Lanka 48.0%
21 🇿🇦 South Africa 47.9%
22 🇵🇭 Philippines 46.4%
23 🇵🇷 Puerto Rico 45.6%
24 🇲🇿 Mozambique 45.5%
25 🇳🇦 Namibia 44.0%
26 🇺🇸 USA 40.5%
27 🇸🇱 Sierra Leone 40.4%
28 🇰🇪 Kenya 39.8%
29 🇬🇪 Georgia 38.9%
30 🇵🇰 Pakistan 38.1%
31 🇿🇼 Zimbabwe 37.5%
32 🇬🇩 Grenada 37.5%
33 🇧🇦 Bosnia and Herzegovina 36.5%
34 🇺🇦 Ukraine 35.6%
35 🇲🇼 Malawi 35.2%
36 🇧🇬 Bulgaria 35.0%
37 🇲🇩 Moldova 34.6%
38 🇦🇼 Aruba 33.2%
39 🇲🇦 Morocco 32.9%
40 🇹🇭 Thailand 32.1%
41 🇨🇻 Cape Verde 32.0%
42 🇯🇴 Jordan 31.8%
43 🇵🇾 Paraguay 31.2%
44 🇿🇲 Zambia 31.1%
45 🇨🇷 Costa Rica 30.6%
46 🇬🇧 United Kingdom 30.1%
47 🇰🇭 Cambodia 29.3%
48 🇰🇾 Cayman Islands 28.9%
49 🇨🇳 China 28.6%
50 🇨🇾 Cyprus 28.1%
51 🇦🇩 Andorra 28.0%
52 🇬🇭 Ghana 27.8%
53 🇸🇻 El Salvador 27.6%
54 🇦🇺 Australia 27.5%
55 🇯🇲 Jamaica 26.7%
56 🇰🇷 South Korea 26.3%
57 🇲🇰 Macedonia 25.7%
58 🇬🇾 Guyana 25.0%
59 🇲🇪 Montenegro 24.8%
60 🇦🇷 Argentina 24.5%
61 🇳🇱 Netherlands 24.2%
62 🇫🇷 France 23.9%
63 🇨🇦 Canada 23.8%
64 🇨🇿 Czech Republic 23.6%
65 🇭🇰 Hong Kong 22.9%
66 🇪🇪 Estonia 22.7%
67 🇬🇹 Guatemala 22.5%
68 🇱🇻 Latvia 21.3%
69 🇲🇺 Mauritius 20.9%
70 🇫🇮 Finland 20.9%
71 🇱🇮 Liechtenstein 20.1%
72 🇭🇷 Croatia 19.4%
73 🇱🇹 Lithuania 18.9%
74 🇦🇹 Austria 18.4%
75 🇨🇭 Switzerland 18.1%
76 🇱🇺 Luxembourg 18.1%
77 🇺🇾 Uruguay 18.0%
78 🇸🇷 Suriname 18.0%
79 🇧🇪 Belgium 17.9%
80 🇮🇸 Iceland 17.7%
81 🇸🇰 Slovakia 17.2%
82 🇮🇹 Italy 17.2%
83 🇪🇬 Egypt 17.1%
84 🇵🇹 Portugal 17.0%
85 🇸🇪 Sweden 16.9%
86 🇷🇴 Romania 16.9%
87 🇩🇰 Denmark 16.6%
88 🇹🇼 Taiwan 16.5%
89 🇷🇼 Rwanda 16.1%
90 🇩🇴 Dominican Republic 15.6%
91 🇪🇨 Ecuador 15.0%
92 🇧🇩 Bangladesh 15.0%
93 🇧🇭 Bahrain 14.5%
94 🇪🇸 Spain 14.4%
95 🇧🇷 Brazil 14.3%
96 🇵🇱 Poland 13.0%
97 🇮🇱 Israel 13.0%
98 🇸🇮 Slovenia 12.4%
99 🇬🇷 Greece 12.4%
100 🇷🇸 Serbia 12.1%
101 🇮🇪 Ireland 11.4%
102 🇯🇵 Japan 10.8%
103 🇼🇫 Wallis and Futuna 10.7%
104 🇮🇳 India 8.3%
105 🇹🇷 Turkey 8.2%
106 🇶🇦 Qatar 7.9%
107 🇩🇪 Germany 7.4%
108 🇭🇺 Hungary 7.0%
109 🇧🇯 Benin 4.2%
110 🇨🇮 Ivory Coast 3.7%
111 🇲🇽 Mexico 3.6%
112 🇨🇴 Colombia 2.7%
113 🇧🇾 Belarus 2.7%
114 🇷🇺 Russia 1.7%
115 🇳🇴 Norway 1.3%
116 🇹🇳 Tunisia 0.0%
117 🇸🇦 Saudi Arabia 0.0%
118 🇱🇨 Saint Lucia 0.0%
119 🇴🇲 Oman 0.0%
120 🇳🇮 Nicaragua 0.0%
121 🇲🇹 Malta 0.0%
122 🇲🇬 Madagascar 0.0%
123 🇰🇼 Kuwait 0.0%
124 🇨🇲 Cameroon 0.0%
125 🇧🇫 Burkina Faso 0.0%
126 🇧🇴 Bolivia 0.0%
127 🇩🇿 Algeria 0.0%
128 🇧🇧 Barbados -1.2%

The data highlights how differently countries have absorbed the shock. While diesel prices surged across much of Asia, Oceania, and parts of Africa, increases were generally more modest across several European economies. Government pricing policies, fuel subsidies, and domestic energy production all help explain these differences.

Meanwhile, several major oil-producing countries, including Saudi Arabia, Kuwait, Oman, and Algeria, recorded no diesel price growth, underscoring how domestic production and government fuel pricing policies can insulate consumers from global shocks.

The Countries Hit Hardest by Diesel Inflation

The steepest diesel price increases were concentrated in a diverse group of fuel-importing economies. Laos tops the ranking with a 149.7% increase, followed by Fiji (+110.1%), Myanmar (+85.6%), and Lesotho (+84.4%).

A number of countries also recorded increases above 60%, including Indonesia, the United Arab Emirates, New Zealand, Peru, Malaysia, and Tanzania. These gains far exceeded the increases seen across most advanced economies and underscore how global energy shocks can affect countries very differently.

How Does This Compare to Gasoline Prices?

The diesel surge mirrors trends seen in gasoline markets since the conflict began. In the United States, gasoline prices rose roughly 50% from pre-war levels during the sharpest phase of the crisis, according to reporting from PBS and NBC News.

However, some analysts note that gasoline prices have recently begun easing as crude oil markets adjust and fears of major supply disruptions have moderated. Yahoo Finance reports that falling oil prices and improving market sentiment have helped pull fuel prices off their highs, though prices remain elevated relative to pre-war levels.

The contrast illustrates a familiar pattern in energy markets: prices can rise rapidly when geopolitical risks emerge but often take longer to normalize once those risks fade.

Why Diesel Matters for the Broader Economy

Diesel is often viewed as a leading indicator of economic cost pressures because it powers much of the world’s freight network. When diesel prices rise, transportation becomes more expensive, increasing costs for manufacturers, retailers, farmers, and construction firms. Those higher costs can eventually filter through to consumers in the form of broader inflation.

In that vein, Reuters found that higher fuel costs are increasing expenses for American farmers, while economists have warned that sustained energy inflation could place additional pressure on consumer prices. Similar concerns have emerged across Europe and Asia as businesses absorb higher transportation and operating costs.

This helps explain why investors continue to closely monitor developments in the Middle East. Even small changes in global oil flows can have outsized effects on fuel prices, transportation costs, and economic growth.

Learn More on the Voronoi App

If you enjoyed this post, check out How Much Does Everyone Pay for Gas Around the Globe? on the Voronoi app to compare fuel prices across countries and see where drivers pay the most, and least, at the pump.