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Charted: $2.4 Trillion in Energy Transition Spending, by Category

2025-12-16 23:41:33

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Pie chart showing global energy transition investment in 2024 by category.

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Visualizing $2.4 Trillion in Energy Transition Spending

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

  • Global energy transition investment hit a record $2.4 trillion in 2024, up 20% from 2022-2023 average spending levels.
  • Electric vehicle investment surged 33% to reach $763 billion, while solar power climbed 49% versus the previous benchmark.

Energy transition spending is booming worldwide, as EVs and renewable power expand their market share.

While average global spending in renewable energy was $662 billion between 2022 and 2023, it grew to $807 billion in 2024. Not only that, 92% of new U.S. electricity additions will be powered by clean sources this year and next.

This graphic shows global energy transition investment in 2024, based on data from the Climate Policy Institute and IRENA.

Global Energy Transition Investment by Category

Below, we show investment across key categories in the energy transition, from wind energy and power grids to battery storage:

Category Global Investment 2024
(USD)
Growth vs 2022/2023
Average
Solar PV $554B 49%
Solar Thermal $12B -32%
Wind Energy $196B -11%
Other Renewables $19B -61%
Electric Vehicles $763B 33%
EV Charging Infrastructure $39B 27%
Power Grids $359B 14%
Energy Efficiency $346B 3%
Battery Storage $54B 73%
Green Hydrogen $8B -20%
Global Total $2.4T 20%

Overall, EVs and solar power were the two largest categories, driving 55% of the total last year.

China accounted for 49% global investment in battery EVs in 2024, supported by government policies. At the same time, nearly 1.8 million EV charging points were built, more than the rest of the world combined.

Meanwhile, investment in battery storage was the fastest-growing segment, rising 73% in 2024 versus the 2022-2023 average. What’s more, investment was 11 times higher than 2019-2020 levels given lower costs and efficiency improvements.

Investment in power grids also saw meaningful growth, rising 14% to reach $359 billion. Globally, spending is forecast to continue rising to support EVs and renewable energy generation.

In contrast, wind energy spending declined to $196 billion given permitting timelines and rising financing costs, particularly for offshore wind. As a result, many offshore wind projects were canceled in the U.S., and are expected to continue looking ahead.

Learn More on the Voronoi App

To learn more about this topic, check out this graphic on future solar power capacity by country.

Mapped: Every State’s Share of U.S. GDP

2025-12-16 21:04:30

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This infographic maps U.S. GDP by state, showing every state's contribution to America's $30 trillion economy.

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Mapped: Every State’s Share of U.S. GDP

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

  • California remains the largest state economy, responsible for 14.5% of U.S. GDP.
  • California, Texas, New York, and Florida collectively generate over 37% of national GDP.
  • The median U.S. state contributes roughly 1% to 2% of U.S. GDP.

The U.S. economy now exceeds $30 trillion in size, but that output is far from evenly distributed across the country.

While large and economically diverse states like California dominate contributions to national GDP, many smaller states contribute less than 0.5% each.

This infographic maps the share of U.S. GDP by state based on data from Mark Zandi and Moody’s Analytics.

Breaking Down U.S. GDP by State

More than one-third of America’s GDP comes from the top four states—California, Texas, New York, and Florida. These are also the country’s most populous states, which directly impacts their economic size and output.

The table below shows every state’s share of U.S. GDP as of October 2025:

Rank State/District Share of U.S. GDP (%)
1 California 14.5%
2 Texas 9.4%
3 New York 7.9%
4 Florida 5.8%
5 Illinois 3.9%
6 Pennsylvania 3.5%
7 Ohio 3.1%
8 Georgia 3.0%
9 Washington 3.0%
10 New Jersey 2.9%
11 North Carolina 2.9%
12 Massachusetts 2.7%
13 Virginia 2.7%
14 Michigan 2.4%
15 Colorado 1.9%
16 Arizona 1.9%
17 Tennessee 1.9%
18 Maryland 1.9%
19 Indiana 1.8%
20 Minnesota 1.7%
21 Missouri 1.5%
22 Wisconsin 1.5%
23 Connecticut 1.3%
24 South Carolina 1.2%
25 Oregon 1.1%
26 Louisiana 1.1%
27 Alabama 1.1%
28 Utah 1.0%
29 Kentucky 1.0%
30 Oklahoma 0.9%
31 Iowa 0.9%
32 Nevada 0.9%
33 Kansas 0.8%
34 Arkansas 0.7%
35 District of Columbia 0.6%
36 Nebraska 0.6%
37 Mississippi 0.5%
38 New Mexico 0.5%
39 Idaho 0.4%
40 New Hampshire 0.4%
41 Hawaii 0.4%
42 West Virginia 0.4%
43 Delaware 0.3%
44 Maine 0.3%
45 Rhode Island 0.3%
46 North Dakota 0.3%
47 Montana 0.3%
48 South Dakota 0.3%
49 Alaska 0.2%
50 Wyoming 0.2%
51 Vermont 0.2%

California stands far ahead of the rest of the country, generating 14.5% or more than $4 trillion of the national GDP. On its own, California would rank as the fifth-largest economy in the world, with real estate and finance as major drivers of economic output.

Texas follows at 9.4%, fueled by strong energy, technology, and business services sectors. New York ranks third at 7.9%, and Florida (5.8%) rounds out the top four, boosted by tourism, real estate, and strong population growth.

Besides mid-sized states like Illinois and Pennsylvania, most other states account for anywhere between 1 and 3% of U.S. GDP, while 22 states contribute less than 1%, including Vermont, Wyoming, and Alaska.

States At Risk of Recession

In the first 11 months of 2025, U.S. employers announced more than 1.1 million job cuts, marking the sixth time that layoffs have surpassed this threshold since 1993.

Mark Zandi, chief economist at Moody’s Analytics, notes that several states are already seeing slowdowns in economic activity based on indicators such as employment, income, industrial production, and retail sales.

According to Zandi, 23 of the 50 U.S. states are already in recession, and another 12 states, including large economies like California and New York, are “treading water” and at risk of entering recession. You can see recession risk by state mapped out here.

Despite these pressures, the U.S. economy grew by 3.8% in Q2 2025, rebounding from a 0.6% decline in the first quarter.

Learn More on the Voronoi App

If you enjoyed today’s post, explore more economic insights on Voronoi, including
Unemployment by State.

Immigrant vs. Native-Born Labor Force Participation, by Country

2025-12-16 02:44:00

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This chart compares labor force participation rates between immigrants and native-born adults across 36 OECD countries.

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Immigrant vs. Native-Born Labor Force Participation, by Country

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

  • Immigrants have higher labor force participation than native-born populations in 21 of 36 OECD countries.
  • In Chile, 83% of immigrants are active in the labor market, compared to just 69% of native-born adults.
  • In a few countries, including the Netherlands, Türkiye, and Germany, native-born participation remains higher.

As many developed economies face aging populations and shrinking workforces, labor force participation has become increasingly important, and is a key driver behind immigration policy.

This chart compares labor force participation rates between native-born and foreign-born populations across OECD countries, using data from the OECD’s International Migration Outlook 2025. Labor force participation is defined as the share of adults who are either employed or actively seeking work.

Immigrant Participation Often Matches Native-Born Rates

Across OECD countries, the average labor force participation rate for immigrants stands at 77%, slightly higher than the 76% average for native-born adults. In many countries, immigrants are just as engaged in the labor market, if not more, than their native-born counterparts.

The table below shows labor force participation rates for native-born and foreign-born populations across OECD countries:

Country Foreign-born participation rate Native-born participation rate
🇨🇱 Chile 83.0% 68.9%
🇱🇺 Luxembourg 79.2% 67.8%
🇨🇷 Costa Rica 74.1% 64.5%
🇵🇹 Portugal 83.6% 77.0%
🇵🇱 Poland 81.1% 74.6%
🇮🇪 Ireland 81.6% 76.4%
🇮🇹 Italy 71.1% 65.8%
🇨🇿 Czechia 82.1% 77.2%
🇨🇴 Colombia 70.6% 66.6%
🇪🇸 Spain 77.6% 73.7%
🇬🇷 Greece 73.6% 70.2%
🇬🇧 United Kingdom 80.4% 77.6%
🇭🇺 Hungary 81.1% 78.6%
🇺🇸 United States 76.0% 73.3%
🇳🇿 New Zealand 84.3% 81.8%
🇪🇪 Estonia 84.0% 81.9%
🇮🇸 Iceland 90.1% 88.3%
🇸🇮 Slovenia 77.4% 75.7%
🇯🇵 Japan 81.4% 79.8%
🇨🇦 Canada 80.6% 79.4%
🇩🇰 Denmark 83.1% 82.3%
🇦🇺 Australia 80.6% 80.6%
🇰🇷 South Korea 71.8% 72.3%
🇸🇪 Sweden 83.5% 84.0%
🇸🇰 Slovak Republic 75.5% 76.6%
🇱🇹 Lithuania 78.4% 79.5%
🇱🇻 Latvia 75.4% 76.9%
🇦🇹 Austria 76.9% 78.6%
🇨🇭 Switzerland 82.5% 85.0%
🇫🇮 Finland 79.9% 79.7%
🇧🇪 Belgium 68.4% 71.8%
🇫🇷 France 70.9% 75.2%
🇳🇴 Norway 76.6% 81.6%
🇩🇪 Germany 74.3% 82.1%
🇲🇽 Mexico 56.4% 65.8%
🇳🇱 Netherlands 76.3% 87.5%
🇹🇷 Türkiye 49.7% 60.9%
🌐 OECD average 76.9% 76.1%

Chile shows the largest gap favoring immigrants, with a 14.1 percentage-point difference in labor force participation. The country’s foreign-born population has grown by 334% since 2014, driven largely by migration from other South American countries such as Venezuela, Peru, and Colombia.

Luxembourg also stands out, with nearly four in five immigrants (79%) active in the labor market, compared to 68% of native-born adults. It also has one of the world’s highest proportions of international migrants in its population. Costa Rica follows a similar pattern, where immigrant participation reaches 74%, versus 65% for native citizens.

Countries With High Native-Born Participation

While immigrants are more active in many countries, the opposite pattern appears in several large European economies.

In Germany, native-born participation stands at 82%, compared to 74% among immigrants. Although Germany faces labor shortages and has expanded pathways for skilled immigration, around 24% of long-term arrivals are humanitarian migrants, many of whom are not immediately integrated into the labor market.

The Netherlands and Türkiye show the largest gaps, with native-born labor force participation exceeding immigrant participation by 11.2 percentage points in both countries.

Learn More on the Voronoi App

If you enjoyed this post, see How Much of Europe is Made of Immigrants? on Voronoi.

Special Report: 8,500 Toxic Shipwrecks. Zero Global Framework.

2025-12-16 00:45:00

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The following content is sponsored by Lloyd's Register Foundation

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Special Report: 8,500 Toxic Shipwrecks. Zero Global Framework.

Key Takeaways

  • Over 8,500 historic shipwrecks worldwide pose a toxic threat, containing millions of metric tons of oil and other hazardous materials.
  • Small island states are especially at risk, lacking the resources to monitor or respond to leaks in their waters.
  • The Malta Manifesto urges coordinated global action to identify and mitigate high-risk shipwrecks.

There are over 8,500 potentially polluting wrecks (PPWs) across the world’s ocean. These shipwrecks may hold as much as 20.4 million metric tons of oil and toxic substances, according to estimates.

This graphic, in partnership with Lloyd’s Register Foundation, shows the global density of World War II wrecks. It uses data from Paul Heersink’s Sunken Ships of the Second World War database and oil estimates from Michel et al., 2005, presented at the International Oil Spill Conference.

Where Toxic Shipwrecks Are Found

World War II battles sank over 75% of PPWs, concentrating most in regions such as the South Pacific (32% of PPWs, 25% of oil) and the North Atlantic (25% of PPWs, 38% of oil).

Here is a table that shows the concentration of PPWs by ocean region and their estimated oil content:

Ocean Region Number of Shipwrecks Oil Volume, Mid-Point Estimate (metric tons)
South Asian-Pacific 2,737 2,305,000
Northwest Atlantic 1,393 2,256,000
Northewest Pacific 1,152 568,500
Northeast Atlantic 786 1,969,500
Scandinavian-West Russian Arctic 398 493,000
Mediterranean Sea 361 566,000
North Pacific 329 379,000
Indian 296 730,000
Middle-Eastern Gulfs 193 846,500
Southwest Atlantic 160 194,500
Southeast Atlantic 74 441,500
Canadian Artic 13 7,900
East Russian Arctic 13 4,800
Southeast Pacific 12 48,500
Antarctic-Southwest Atlantic 1 108,500
Anarctic-Indian 1 26,450
Antarctic-Southeast Pacific 1 475

Source: Michel et. al., 2005

These wrecks remain under the ownership of the original flag states, who have no legal obligation to intervene. As a result, proactive international cooperation is urgently required.

The Environmental Threat

Many PPWs lie in the waters of small island states reliant on fishing and tourism. Even minor oil spills in sensitive marine areas can be devastating.

Here is a table showing the top 10 countries with the most PPWs located in their exclusive economic zones (EEZs), ranked by GDP:

Country Ships within EEZ by GDP (Billions US$)
Micronesia 288.49
Marshall Islands 139.11
Solomon Islands 74.40
Nauru 37.42
Kiribati 22.74
Papua New Guinea 8.11
Vanuatu 6.89
Cape Verde 6.87
Sierra Leone 5.56
Liberia 4.63

Source: Shipwreck locations – Paul Heersink, 2025; EEZ file – Flanders Marine Institute, 2023

Because these nations often lack the resources to respond, they remain especially vulnerable to emerging threats.

The Malta Manifesto: Charting a Path Forward

The Malta Manifesto, launched by Project Tangaroa, calls for a global framework to address the PPW threat. It outlines key actions, from identifying high-risk wrecks to supporting coastal nations with limited capacity.

By recognizing that even a single leak in the wrong location can have far-reaching impacts, the Manifesto pushes for equitable, science-based solutions to this overlooked legacy of conflict.

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Ranked: The Countries Powering Global Population Growth (2025-2050)

2025-12-15 23:28:04

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Chart of births by country comparing 2025 to 2050 projections

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The World’s Highest Annual Births by Country (2025 vs. 2050)

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 global fertility rate hit an all-time low of 2.3 births per woman in 2024, barely above the replacement level of 2.1.
  • India is projected to see 23.1 million births in 2025, falling to 19 million by 2050.

About 3.7 million babies will be born in the U.S. this year, the eighth-highest total worldwide.

While America leads in annual births by country across the rich world, it is modest compared to emerging giants. India is set to record more than six times as many births, and Nigeria twice as many.

This graphic shows the top countries by annual birth projections, based on data from the UN’s World Population Prospects 2024 via Our World in Data.

Annual Births by Country Forecasts

Here is where the most babes will be born this year and by mid-century:

Rank Country Number of Births
2025P
Rank Country Number of Births
2050P
1 🇮🇳 India 23.1M 1 🇮🇳 India 19.0M
2 🇨🇳 China 8.7M 2 🇳🇬 Nigeria 8.1M
3 🇳🇬 Nigeria 7.6M 3 🇵🇰 Pakistan 7.5M
4 🇵🇰 Pakistan 6.9M 4 🇨🇳 China 7.4M
5 🇨🇩 DRC 4.6M 5 🇨🇩 DRC 6.3M
6 🇮🇩 Indonesia 4.4M 6 🇪🇹 Ethiopia 4.8M
7 🇪🇹 Ethiopia 4.2M 7 🇮🇩 Indonesia 3.9M
8 🇺🇸 United States 3.7M 8 🇺🇸 United States 3.8M
9 🇧🇩 Bangladesh 3.4M 9 🇹🇿 Tanzania 3.3M
10 🇧🇷 Brazil 2.5M 10 🇧🇩 Bangladesh 2.7M
11 🇪🇬 Egypt 2.5M 11 🇪🇬 Egypt 2.6M
12 🇹🇿 Tanzania 2.4M 12 🇦🇴 Angola 2.0M
13 🇲🇽 Mexico 2.0M 13 🇧🇷 Brazil 2.0M
14 🇵🇭 Philippines 1.9M 14 🇸🇩 Sudan 2.0M
15 🇺🇬 Uganda 1.7M 15 🇺🇬 Uganda 1.9M
16 🇸🇩 Sudan 1.7M 16 🇦🇫 Afghanistan 1.8M
17 🇰🇪 Kenya 1.5M 17 🇲🇽 Mexico 1.6M
18 🇦🇫 Afghanistan 1.5M 18 🇵🇭 Philippines 1.6M
19 🇦🇴 Angola 1.4M 19 🇰🇪 Kenya 1.6M
20 🇾🇪 Yemen 1.4M 20 🇾🇪 Yemen 1.6M

With 23.1 million births, India is forecast to lead globally in 2025.

While the country is expected to drive 17% of all births worldwide, this share is projected to fall to 14% by 2050. Despite its relatively young population, fertility rates are now below replacement levels.

China follows next with a projected 8.7 million births in 2025. However, it is forecast to fall to fourth globally in 25 years. With one of the world’s lowest fertility rates, it is set to be surpassed by both Nigeria and Pakistan.

When it comes to the U.S., births are projected to shift modestly from 3.7 million in 2025 to 3.8 million in 2050.

While declining fertility was often linked to rising incomes and women prioritizing careers, recent evidence points to a reversal. In fact, higher-income families in America have been having more children compared to lower-income families.

Learn More on the Voronoi App

To learn more about this topic, check out this graphic on fertility rates in Western-aligned countries.

Mapped: Recession Risk by State in 2025

2025-12-15 21:05:00

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Map showing recession risk by state in 2025.

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Mapped: Recession Risk by State in 2025

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

  • As of October, 23 U.S. states face high recession risk, or are already in recession.
  • By contrast, 16 states, including Texas and Kentucky, are expanding based on analysis from Moody’s.

U.S. GDP is made up of many smaller, distinct state economies fueling national growth.

In 2025, states responsible for about a third of U.S. GDP are in recession, or face high recession risk. Another third are expanding, including Florida and Utah, based on payrolls, employment, and other key economic data.

This graphic shows recession risk by state in 2025, based on analysis from Mark Zandi, chief economist at Moody’s Analytics.

Where Recession Risk is Highest in America

To analyze recession risk, Zandi looks at state-level economic activity. This included a range of data such as unemployment, building permits, retail sales, industrial activity, delinquency rates, and tax revenues.

States were then categorized into three buckets based on these factors as of October 2025:

  • In Recession/High Risk
  • Treading Water
  • Expanding

State/District Business Cycle Status Share of U.S. GDP (%)
Georgia In Recession/High Risk 3.03
Montana In Recession/High Risk 0.25
Wyoming In Recession/High Risk 0.18
Michigan In Recession/High Risk 2.44
Massachusetts In Recession/High Risk 2.73
Mississippi In Recession/High Risk 0.53
Minnesota In Recession/High Risk 1.70
Kansas In Recession/High Risk 0.80
Rhode Island In Recession/High Risk 0.28
Delaware In Recession/High Risk 0.34
Washington In Recession/High Risk 3.02
Illinois In Recession/High Risk 3.85
West Virginia In Recession/High Risk 0.36
New Hampshire In Recession/High Risk 0.42
Maryland In Recession/High Risk 1.86
Virginia In Recession/High Risk 2.66
South Dakota In Recession/High Risk 0.25
Connecticut In Recession/High Risk 1.27
Oregon In Recession/High Risk 1.14
Iowa In Recession/High Risk 0.86
New Jersey In Recession/High Risk 2.93
Maine In Recession/High Risk 0.33
District of Columbia In Recession/High Risk 0.64
Missouri Treading Water 1.54
Ohio Treading Water 3.14
Hawaii Treading Water 0.39
Arkansas Treading Water 0.65
New Mexico Treading Water 0.49
Tennessee Treading Water 1.87
New York Treading Water 7.92
Vermont Treading Water 0.16
Alaska Treading Water 0.24
Colorado Treading Water 1.92
California Treading Water 14.50
Nevada Treading Water 0.86
South Carolina Expanding 1.18
Texas Expanding 9.41
Oklahoma Expanding 0.92
Idaho Expanding 0.43
Kentucky Expanding 0.99
Alabama Expanding 1.10
Indiana Expanding 1.81
Nebraska Expanding 0.63
North Carolina Expanding 2.86
Louisiana Expanding 1.11
Florida Expanding 5.78
North Dakota Expanding 0.26
Pennsylvania Expanding 3.54
Arizona Expanding 1.88
Wisconsin Expanding 1.53
Utah Expanding 1.02

Currently, many coastal, Northeastern states are facing some of the worst economic conditions.

In Maine, for instance, year-over-year GDP growth is just 0.8% as of Q2 2025, compared to the U.S. average of 2.1%. Meanwhile, Washington, D.C.’s unemployment rate was 6.4% in July, significantly higher than the 4.6% U.S. average given sweeping federal cuts.

According to Zandi’s analysis, New York and California are “Treading Water”, together responsible for driving over 22% of U.S. GDP.

In comparison, Texas, which fuels 9.4% of U.S. economic growth is expanding. Unemployment rates of 4.0% in July remain below the U.S. average. Additionally, the Texas economy is growing faster than the nation, while income growth rose 6.3% annually as of Q2 2025, outpacing the national average.

Learn More on the Voronoi App

To learn more about this topic, check out this graphic on unemployment by state in 2025.