2025-05-08 01:49:38
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.
The U.S. economy is starting to show signs of weakness as Q1 2025 real GDP declined amidst the ongoing trade disruptions from Trump’s tariffs and government spending cuts from the Department of Government Efficiency.
This graphic shows the seasonally adjusted annualized advance estimate of U.S. real GDP change by quarter since 2021, using data from the U.S. Bureau of Economic Analysis (BEA).
The mini chart breaks down the Q1 2025 real GDP change of -0.3% into the different components that contribute to the final figure.
America’s GDP growth has remained consistently positive post-pandemic, averaging 3.2% from 2021 through to the end of 2024.
However, 2025’s advance estimate of real GDP growth for the U.S. in Q1 came in at -0.3%, the first negative quarter since Q1 of 2022.
The table below shows the data of quarterly real GDP change for the U.S. from 2021 through to Q1 2025:
| Date | U.S. Real GDP Change |
|---|---|
| Q1 2025 | -0.3% |
| Q4 2024 | 2.4% |
| Q3 2024 | 3.1% |
| Q2 2024 | 3.0% |
| Q1 2024 | 1.6% |
| Q4 2023 | 3.2% |
| Q3 2023 | 4.4% |
| Q2 2023 | 2.4% |
| Q1 2023 | 2.8% |
| Q4 2022 | 3.4% |
| Q3 2022 | 2.7% |
| Q2 2022 | 0.3% |
| Q1 2022 | -1.0% |
| Q4 2021 | 7.4% |
| Q3 2021 | 3.5% |
| Q2 2021 | 6.4% |
| Q1 2021 | 5.6% |
It’s worth keeping in mind that these are annual rates, meaning that if 2025’s remaining three quarters are like Q1 economically, U.S. real GDP would decline by -0.3% this year.
Along with this, this is the Bureau of Economic Analysis’ advance estimate of real GDP change for Q1, which will undergo two further revisions and a final annual revision as more economic data is collected and incorporated.
While often granular, these revisions can make a difference. In 2022 for example, after Q1 had negative GDP growth, Q2 2022’s advance estimate showed a negative reading, but was ultimately revised to a positive number in the BEA’s comprehensive annual revision.
If we dig a bit deeper into the data which makes up the negative GDP change of Q1 2025, we can see potential footprints of the Trump administration.
Of the key components that make up the calculation for GDP, an elevated level of imports had the biggest drag on growth at -5.0 percentage points. Imports are counted against GDP growth, as they represent spending on foreign rather than domestic production.
The table below shows the component contribution to the -0.3% real GDP change of Q1 2025:
| Component of U.S. GDP Change | Change in Q1 2025 |
|---|---|
| Consumer Spending (goods) | 0.1 pp |
| Consumer Spending (services) | 1.1 pp |
| Investment | 3.6 pp |
| Government spending | -0.3 pp |
| Exports | 0.2 pp |
| Imports | -5.0 pp |
| Q1 2025 Real GDP Change | -0.3% |
This high level of imports is likely due to businesses frontrunning Trump’s import tariffs, also corroborated by the largest build in private inventories of 2.3 pp (the largest build since Q4 of 2021).
The other potential drag on growth from the Trump administration is the decline in government spending of 0.3 pp, with cuts from the Department of Government Efficiency (D.O.G.E.) contributing to this pullback.
On the official website, D.O.G.E. notes that they have terminated around $32 billion in contracts, $37 billion in grants, and $291 million in leases as of May 3rd, 2025.
To learn more about how GDP growth forecasts for 2025 have changed in Q1, check out this chart which shows the IMF’s decline in projections for major nations.
2025-05-08 00:55:41
As of just 100 days into his term, Trump had already signed 130 executive orders—more than some presidents issued over their entire time in office.
This graphic, created in collaboration with Inigo, offers a visual look at the presidents who made the most prolific use of executive orders throughout American history.
Using data from UC Santa Barbara, we’ve broken down how many executive orders each president issued in their first 100 days.
| Rank | Executive Orders | President | Term |
|---|---|---|---|
| 1 | 130 | Donald J. Trump (R) II | 2025–present |
| 2 | 93 | Franklin D. Roosevelt (D) I | 1933–1937 |
| 3 | 80 | Franklin D. Roosevelt (D) III | 1941–1945 |
| 4 | 62 | Franklin D. Roosevelt (D) II | 1937–1941 |
| 5 | 59 | Herbert Hoover (R) | 1929–1933 |
| 6 | 54 | Harry S. Truman I (D) | 1945–1949 |
| 7 | 42 | Joseph R. Biden (D) | 2021–2025 |
| 8 | 33 | Donald J. Trump (R) I | 2017–2021 |
| 9 | 26 | Lyndon B. Johnson II (D) | 1963-1969 |
| 10 | 25 | Harry S Truman II (D) | 1949-1953 |
Data as of April 30, 2025.
President Trump and President Biden are the only presidents from the last 50 years to hit the top 10 list.
Trump’s rapid-fire use of orders underscores his intent to drive change and disrupt the status quo on an unprecedented scale. On his first day in office alone, he signed a record-breaking 26 executive orders—nearly triple the next-highest first-day total, set by President Biden with 9.
These orders span a wide range of issues, including boosting American industry, cutting government inefficiencies, and addressing topics like foreign aid, border security, discrimination, innovation, and trade policy.
Upon taking office in January 2021 amid the COVID-19 pandemic, Biden directed his early efforts toward anti-discrimination measures and pandemic containment. Obama, on the other hand, prioritized labor rights and ethics reforms during his early days in office.
Franklin D. Roosevelt, who assumed the presidency during multiple national crises, including the aftermath of the Great Depression and World War II, centered his early executive actions on securing economic stability and recovery.
In the face of global change, today’s data can help form the foundation of tomorrow’s resilience.
Visit Inigo for a data-driven view of risk.
U.S. President Trump posted a 48% approval rating in April, down from 52% in January.
In four of the last five U.S. elections, the candidate who raised the most money won.
Terrorism remains a pressing issue globally, with the number of countries recording a terrorist incident increasing from 58 to 66 last year.
Even without the U.S., France and the UK provide NATO with the third-largest nuclear arsenal.
While key American allies are turning sour on the country, are Americans themselves losing pride in their nation?
The ICC investigates and tries individuals charged with crimes including genocide, war crimes, and crimes against humanity.
2025-05-07 22:44:53
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.
As the world evolves, new industries are emerging as the key drivers of future economic growth. According to McKinsey Global Institute, there are 18 high-growth arenas—including AI, cybersecurity, biotech, and air mobility—which could generate up to $48 trillion in annual revenue by 2040.
In this graphic, we break down most transformative industries by 2040, offering a glimpse into the future economy.
The 18 industries shown in this graphic stand out for their rapid innovation, large investments, and expanding markets. Under a high scenario, McKinsey believes their share of global GDP could rise from 4% today, to 16% by 2040.
| Industry | 2022 Revenue ($B) | 2040 Revenue ($B) | CAGR (%) |
|---|---|---|---|
 E-commerce |
$4,000 | $20,000 | 9% |
 AI Software &Services |
$85 | $4,600 | 25% |
 Cloud Services |
$220 | $3,400 | 17% |
 Electric Vehicles |
$450 | $3,200 | 12% |
 Digital Ads |
$520 | $2,900 | 10% |
 Semiconductors |
$630 | $2,400 | 8% |
 Autonomous Cars |
- | $2,300 | - |
 Space |
$300 | $1,600 | 10% |
 Cybersecurity |
$160 | $1,200 | 12% |
 Batteries |
$98 | $1,100 | 14% |
 Modular Construction |
$180 | $1,100 | 10% |
 Streaming Services |
$160 | $1,000 | 11% |
 Video Games |
$230 | $910 | 8% |
|
Robotics |
$21 | $910 | 23% |
 Biotech |
$140 | $900 | 900% |
 Air Mobility |
- | $340 | - |
 Obesity Drugs |
$24 | $280 | 15% |
 Nuclear Fission |
$18 | $150 | 13% |
Let’s take a closer look at some of these high-growth industries.
E-commerceE-commerce revenues could quintuple from $4 trillion in 2022, to $20 trillion by 2040.
Much of this growth will occur in emerging markets, where regions like Southeast Asia and Africa are experiencing a surge in their consumer class populations.
Advancements in logistics and digital payments are also making online shopping more accessible and reliable in these areas.
AI Software & ServicesAI software and services is one of the fastest growing industries in this dataset, propelled by massive investments in generative AI technologies.
In the U.S. alone, nearly $500 billion in private capital has been raised since 2013, with 6,956 new AI companies being founded.
Check out our 2025 AI Week Wrap Report to see all of our latest visuals breaking down the AI landscape.
Modular ConstructionModular construction involves prefabricating building components off-site and assembling them on-site.
A major benefit of this approach is automation. By moving production to a single facility, components could be manufactured quicker and cheaper. This could also address the lack of skilled labor that the construction industry often faces.
Obesity DrugsWhile the majority of obesity drug demand is based in the U.S., the market for these innovative medicines is rising globally due to rising obesity rates.
McKinsey aren’t the only ones predicting a massive boom in this industry, either. In a 2023 analysis, Morgan Stanley predicted that the global obesity drug market would be worth $77 billion by 2030.
If you enjoyed today’s post, check out The Top Global Risks Defining the Future on Voronoi, the new app from Visual Capitalist.
2025-05-07 01:27:23
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.
Interest rates are a hot topic in 2025, with major economies navigating inflationary pressures and the loosening end of their monetary policy cycles.
Real interest rates, calculated by subtracting inflation from nominal policy rates, can show the true incentive to spend or save.
When real interest rates are low, businesses borrow more and consumers spend more, boosting economic activity. By contrast, high real rates incentivize saving and tighten financial conditions.
This infographic uses data from the IMF’s World Economic Outlook for April 2025 to highlight the current state of real interest rates across major economies.
Real rates vary globally, with some countries sticking to high rates while others have near-zero and even negative real interest rates.
Here’s a look at real interest rates across 16 major economies in 2025:
| Country | Real Interest Rate (%) |
|---|---|
Russia 
|
14.5% |
Brazil 
|
9.2% |
Mexico 
|
5.3% |
South Africa 
|
3.6% |
Indonesia 
|
3.5% |
United States 
|
1.5% |
India 
|
1.5% |
Australia 
|
1.5% |
France 
|
1.2% |
China 
|
0.8% |
Italy 
|
0.8% |
South Korea 
|
0.8% |
United Kingdom 
|
0.6% |
Germany 
|
0.5% |
Canada 
|
0.5% |
Japan 
|
-2.1% |
Russia tops the list with a real interest rate of 14.5%, with the central bank raising interest rates to combat persistent high inflation, the country’s main economic challenge.
In the Americas, Brazil and Mexico also maintain high real interest rates at 9.2% and 5.3%, respectively, although inflation has cooled off significantly from 2022 highs in both countries.
Meanwhile, the U.S. real rate stands at 1.5% with inflation above the Fed’s 2% target. The Fed funds rate, considered the country’s nominal interest rate, remains close to decade-highs at 4.3% as of May 2025.
Japan is the only country with a negative real interest rate of -2.1%. However, it’s worth noting that the Bank of Japan recently raised interest rates to the highest level since 2008, after ending its nominal (not adjusted for inflation) negative interest rate regime in 2024.
As inflation cools off globally, the IMF projects that advanced economies will cut interest rates toward the end of 2025.
The U.S. federal funds rate is projected to be down to 4% by the end of the year, although the Fed kept rates steady in March amid volatility from Trump’s latest tariffs. The euro area is expected to cut rates down to 2% by mid-2025, from around 2.4% in April.
Meanwhile, the IMF projects that Japan’s interest rates will continue increasing as the country looks to cut inflation down to its 2% target, although the U.S. tariffs are expected to delay its progress.
High interest rates have a significant impact on the public debt burdens of economies. See this infographic on the state of Government Debt Around the World, on the Voronoi app.
2025-05-06 22:42:03
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.
As the global population grows and demand for affordable protein increases, eggs remain a dietary staple. On average, people consume roughly 10 kilograms of eggs per year.
However, prices have spiked in recent years due to avian flu outbreaks and rising feed, fuel, and labor costs, which farmers are passing on to consumers. In just four years, egg prices in the U.S. have surged by 238%.
This chart explores what consumers are paying for a dozen eggs across major economies, based on crowdsourced data from Numbeo and official national statistics. Currency values are converted as of April 24, 2025.
Switzerland tops the global chart, with consumers paying an average of $7.31 per dozen eggs—the highest price globally and nearly double what shoppers pay in neighboring Italy.
On the other hand, India offers the lowest egg prices, with a dozen costing just $0.97, reflecting broader affordability in emerging markets.
| Rank | Country | Price (USD) |
|---|---|---|
 1 |
 Switzerland |
$7.27 |
 2 |
 New Zealand |
$6.40 |
 3 |
 Iceland |
$6.23 |
| 4 |
 Barbados |
$5.39 |
| 5 |
 Denmark |
$4.93 |
| 6 |
 Luxembourg |
$4.91 |
| 7 |
 Netherlands |
$4.76 |
| 8 |
 Austria |
$4.54 |
| 9 |
 Greece |
$4.39 |
| 10 |
 Sweden |
$4.34 |
| 11 |
 Norway |
$4.32 |
| 12 |
Australia |
$4.27 |
| 13 |
United States |
$4.25 |
| 14 |
France |
$4.22 |
| 15 |
 Trinidad & Tobago |
$4.20 |
| 16 |
 Ireland |
$4.20 |
| 17 |
 Uruguay |
$4.17 |
| 18 |
 Cyprus |
$4.17 |
| 19 |
 Israel |
$4.03 |
| 20 |
United Kingdom |
$3.94 |
| 21 |
 Belgium |
$3.93 |
| 22 |
Italy |
$3.93 |
| 23 |
Germany |
$3.77 |
| 24 |
 Slovenia |
$3.69 |
| 25 |
 Slovakia |
$3.68 |
| 26 |
 Croatia |
$3.63 |
| 27 |
 Malta |
$3.63 |
| 28 |
 Chile |
$3.59 |
| 29 |
 Albania |
$3.58 |
| 30 |
Canada |
$3.50 |
Egg prices in the United States have climbed sharply, now averaging $4.23 per dozen. A combination of avian flu outbreaks, supply chain disruptions, and inflationary pressures has driven costs higher, surpassing prices in many European nations and Canada.
In a recent post, President Trump defended his tariff policies, suggesting they will help curb food inflation, including egg prices.
Despite global inflation, several emerging markets remain egg-price havens. In Brazil, Russia, and China, consumers pay under $2 per dozen, making eggs a highly accessible protein source for large populations.
To learn more about food prices, check out this graphic that shows the cost of a McDonald’s Big Mac in different countries worldwide in U.S. dollars.
2025-05-06 20:11:36
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.
Today, big tech companies continue to dominate web traffic, with Google commanding 90% of U.S. search queries alone.
In particular, Alphabet and Meta enjoy four of the top 10 websites globally by monthly traffic, generating billions in ad revenue given their grip on market share. However, new players like ChatGPT are quickly rising up the ranks.
This graphic shows the most visited websites in the world, based on data from SEMRush via Datareportal.
Here are the top 20 most visited websites in the world as of November 2024:
| Website | Monthly Visits | Unique Monthly Visitors |
|---|---|---|
| 136B | 6.3B | |
| YouTube | 72.8B | 3.6B |
| 12.7B | 2.0B | |
| Wikipedia | 6.9B | 1.5B |
| 6.8B | 1.5B | |
| 6.0B | 1.0B | |
| Pornhub | 5.3B | 928M |
| Bing | 5.2B | 679M |
| ChatGPT | 4.8B | 566M |
| X | 4.3B | 842M |
| Yandex | 4.0B | 376M |
| 4.0B | 585M | |
| Amazon.com | 3.6B | 795M |
| Yahoo | 3.5B | 437M |
| Xvideos | 3.5B | 613M |
| DuckduckGo | 3.1B | 172M |
| 2.7B | 817M | |
| MSN | 2.6B | 226M |
| Netflix | 2.5B | 418M |
| TikTok | 2.5B | 927M |
Unique visitors represent the number of distinct individuals visiting a site, counting each visitor once no matter how many visits over the time period.
As the table above shows, Google’s monthly visits exceed the next top 10 websites combined.
Alphabet, the parent company of Google, is facing mounting lawsuits over its monopoly of online search. Regulators are closely examining default search agreements, including those with Apple, where Alphabet pays a share of revenue to secure Google’s position as the default search engine in Safari. For instance, Alphabet paid Apple $20 billion as part of this agreement in 2021.
Ranking in sixth is Reddit, with 91 million daily active users. In the first half of 2024, 5.3 billion posts were created on the platform—a 21% jump year-over-year. With thousands of active subreddits, the platform is known as “the front page of the internet.”
As the world’s most popular AI tool by monthly visits, ChatGPT stands among the top 10 websites globally. With 400 million weekly users, ChatGPT-maker OpenAI, is valued at $300 billion.
Meanwhile, TikTok ranks in 20th overall, with 2.5 billion monthly visits—significantly trailing behind Instagram’s 6.8 billion.
To learn more about this topic from a global perspective, check out this graphic on the world’s internet users over time.
