2026-01-07 23:31:07
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Back in 1965, the average life expectancy globally was 54 years, and has since risen by about 20 years as of 2025.
Nearly every country has seen gains over this period, though a small group has far outpaced the global average, adding more than three decades to life expectancy. To put this in perspective, America has seen roughly a nine year increase in life expectancy over six decades.
This graphic shows which countries have gained the most in life expectancy since 1965, based on data from Our World in Data and the United Nations.
Here are the countries with the biggest increases in period life expectancy, which indicates how long a newborn would live on average, given the death rates of that year.
| Country | Life Expectancy at Birth 1965 |
Life Expectancy at Birth 2025 |
Change 1965-2025 |
|---|---|---|---|
Maldives |
41 | 82 | 41 |
Oman |
41 | 81 | 40 |
Bhutan |
38 | 74 | 36 |
Algeria |
43 | 77 | 34 |
Yemen |
36 | 70 | 34 |
Timor-Leste |
35 | 68 | 33 |
Afghanistan |
35 | 67 | 32 |
Iran |
46 | 78 | 32 |
Malawi |
36 | 68 | 32 |
Saudi Arabia |
48 | 80 | 32 |
Western Sahara |
41 | 72 | 31 |
Bangladesh |
46 | 76 | 30 |
Gambia |
37 | 67 | 30 |
Morocco |
46 | 76 | 30 |
Nepal |
41 | 71 | 30 |
Eritrea |
40 | 69 | 29 |
Guinea-Bissau |
36 | 65 | 29 |
Indonesia |
43 | 72 | 29 |
Mali |
32 | 61 | 29 |
Senegal |
40 | 69 | 29 |
South Sudan |
29 | 58 | 29 |
Tunisia |
48 | 77 | 29 |
Laos |
42 | 70 | 28 |
South Korea |
56 | 84 | 28 |
Angola |
38 | 65 | 27 |
Cambodia |
44 | 71 | 27 |
Ethiopia |
41 | 68 | 27 |
India |
46 | 73 | 27 |
United Arab Emirates |
56 | 83 | 27 |
China |
53 | 79 | 26 |
The Maldives leads globally, with average life expectancy increasing by 41 years since 1965 to reach 82 in 2025.
Like the Maldives, several countries in Asia have seen lifespans extend notably. In 1965, average life expectancy in Afghanistan was 35 years, and has now risen to 67. India, meanwhile, has seen average lifespans increase by 27 years amid growing economic expansion and advancements in healthcare.
When you look across Africa, Algeria has witnessed the strongest gain in life expectancy overall. In 2025, the average stands at 77 years—up from 43 in 1965— sitting among the highest in Africa. Going further, nine African countries have added at least 27 years to their life expectancy.
As we can see, China also ranks among the top countries by change in life expectancy, with a gain of 26 years since 1965. On average, this equaled a 22-week increase in life expectancy per year during a time of rapid economic transformation.
To learn more about this topic, check out this graphic on the countries with the highest and lowest life expectancy in the world.
2026-01-07 21:02:54
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Global inflation fell moderately to 4.2% in 2025, in spite of U.S. tariffs hitting century highs.
For 2026, the IMF projects inflation to decline even further to 3.7% in 2026, even as tariff impacts continue to materialize. This is being driven by weak price growth in China and below-target inflation in many European countries.
This graphic shows inflation by country in 2025, based on data from the IMF’s latest World Economic Outlook.
Below, we show the inflation rates of 191 countries and territories worldwide in 2025:
| Rank | Country | Continent | Inflation Rate 2025 (%) |
|---|---|---|---|
| 1 |
Venezuela |
South America | 269.9 |
| 2 |
South Sudan |
Africa | 97.5 |
| 3 |
Zimbabwe |
Africa | 89.0 |
| 4 |
Sudan |
Africa | 87.2 |
| 5 |
Iran |
Asia | 42.4 |
| 6 |
Argentina |
South America | 41.3 |
| 7 |
Burundi |
Africa | 37.3 |
| 8 |
Türkiye |
Asia | 34.9 |
| 9 |
Myanmar |
Asia | 31.0 |
| 10 |
Malawi |
Africa | 28.2 |
| 11 |
Haiti |
North America | 27.8 |
| 12 |
Nigeria |
Africa | 23.0 |
| 13 |
Angola |
Africa | 21.6 |
| 14 |
Bolivia |
South America | 20.8 |
| 15 |
Yemen |
Asia | 20.4 |
| 16 |
Egypt |
Africa | 20.4 |
| 17 |
Ghana |
Africa | 16.6 |
| 18 |
Zambia |
Africa | 14.2 |
| 19 |
Ethiopia |
Africa | 13.0 |
| 20 |
Ukraine |
Europe | 12.6 |
| 21 |
Kazakhstan |
Asia | 11.4 |
| 22 |
Bangladesh |
Asia | 10.0 |
| 23 |
Liberia |
Africa | 9.8 |
| 24 |
São Tomé and Príncipe |
Africa | 9.7 |
| 25 |
Sierra Leone |
Africa | 9.4 |
| 26 |
Uzbekistan |
Asia | 9.1 |
| 27 |
Russia |
Europe | 9.0 |
| 28 |
Suriname |
South America | 9.0 |
| 29 |
DR Congo |
Africa | 8.8 |
| 30 |
Madagascar |
Africa | 8.4 |
| 31 |
Mongolia |
Asia | 8.3 |
| 32 |
Kyrgyz Republic |
Asia | 8.0 |
| 33 |
Laos |
Asia | 7.8 |
| 34 |
Kiribati |
Oceania | 7.8 |
| 35 |
Moldova |
Europe | 7.7 |
| 36 |
Gambia |
Africa | 7.5 |
| 37 |
Romania |
Europe | 7.3 |
| 38 |
Belarus |
Europe | 7.0 |
| 39 |
Rwanda |
Africa | 7.0 |
| 40 |
Nauru |
Oceania | 6.1 |
| 41 |
Tunisia |
Africa | 5.9 |
| 42 |
Azerbaijan |
Asia | 5.7 |
| 43 |
Brazil |
South America | 5.2 |
| 44 |
Marshall Islands |
Oceania | 5.2 |
| 45 |
Estonia |
Europe | 5.1 |
| 46 |
Colombia |
South America | 4.9 |
| 47 |
Mozambique |
Africa | 4.9 |
| 48 |
Papua New Guinea |
Oceania | 4.8 |
| 49 |
Uruguay |
South America | 4.7 |
| 50 |
Honduras |
North America | 4.6 |
| 51 |
Central African Republic |
Africa | 4.6 |
| 52 |
Serbia |
Europe | 4.6 |
| 53 |
Lesotho |
Africa | 4.5 |
| 54 |
Pakistan |
Asia | 4.5 |
| 55 |
Hungary |
Europe | 4.5 |
| 56 |
Croatia |
Europe | 4.4 |
| 57 |
Chile |
South America | 4.3 |
| 58 |
Iceland |
Europe | 4.2 |
| 59 |
Slovak Republic |
Europe | 4.2 |
| 60 |
Jamaica |
North America | 4.2 |
| 61 |
Niger |
Africa | 4.2 |
| 62 |
Micronesia |
Oceania | 4.1 |
| 63 |
Montenegro |
Europe | 4.1 |
| 64 |
Nepal |
Asia | 4.1 |
| 65 |
Kenya |
Africa | 4.0 |
| 66 |
Bosnia and Herzegovina |
Europe | 4.0 |
| 67 |
Chad |
Africa | 4.0 |
| 68 |
Georgia |
Asia | 3.9 |
| 69 |
Mexico |
North America | 3.9 |
| 70 |
Mauritius |
Africa | 3.9 |
| 71 |
North Macedonia |
Europe | 3.9 |
| 72 |
Turkmenistan |
Asia | 3.9 |
| 73 |
Paraguay |
South America | 3.9 |
| 74 |
Maldives |
Asia | 3.9 |
| 75 |
Tajikistan |
Asia | 3.8 |
| 76 |
Poland |
Europe | 3.8 |
| 77 |
Uganda |
Africa | 3.8 |
| 78 |
Latvia |
Europe | 3.8 |
| 79 |
Dominican Republic |
North America | 3.7 |
| 80 |
Namibia |
Africa | 3.7 |
| 81 |
Cameroon |
Africa | 3.7 |
| 82 |
Bulgaria |
Europe | 3.6 |
| 83 |
Guyana |
South America | 3.6 |
| 84 |
Congo |
Africa | 3.6 |
| 85 |
Somalia |
Africa | 3.6 |
| 86 |
Lithuania |
Europe | 3.6 |
| 87 |
Austria |
Europe | 3.6 |
| 88 |
Kosovo |
Europe | 3.5 |
| 89 |
Mali |
Africa | 3.5 |
| 90 |
Algeria |
Africa | 3.5 |
| 91 |
Eswatini |
Africa | 3.5 |
| 92 |
Antigua and Barbuda |
North America | 3.5 |
| 93 |
Solomon Islands |
Oceania | 3.4 |
| 94 |
United Kingdom |
Europe | 3.4 |
| 95 |
Vietnam |
Asia | 3.4 |
| 96 |
Botswana |
Africa | 3.4 |
| 97 |
South Africa |
Africa | 3.4 |
| 98 |
Armenia |
Asia | 3.3 |
| 99 |
Tanzania |
Africa | 3.3 |
| 100 |
Comoros |
Africa | 3.3 |
| 101 |
Japan |
Asia | 3.3 |
| 102 |
Israel |
Asia | 3.2 |
| 103 |
Greece |
Europe | 3.1 |
| 104 |
Guinea |
Africa | 3.1 |
| 105 |
Tonga |
Oceania | 2.9 |
| 106 |
Equatorial Guinea |
Africa | 2.9 |
| 107 |
Netherlands |
Europe | 2.9 |
| 108 |
India |
Asia | 2.8 |
| 109 |
Dominica |
North America | 2.8 |
| 110 |
New Zealand |
Oceania | 2.7 |
| 111 |
United States |
North America | 2.7 |
| 112 |
Australia |
Oceania | 2.6 |
| 113 |
Belgium |
Europe | 2.6 |
| 114 |
Mauritania |
Africa | 2.5 |
| 115 |
Czech Republic |
Europe | 2.5 |
| 116 |
Slovenia |
Europe | 2.5 |
| 117 |
Togo |
Africa | 2.4 |
| 118 |
Bhutan |
Asia | 2.4 |
| 119 |
Norway |
Europe | 2.4 |
| 120 |
Malta |
Europe | 2.4 |
| 121 |
Spain |
Europe | 2.4 |
| 122 |
Sweden |
Europe | 2.3 |
| 123 |
Albania |
Europe | 2.3 |
| 124 |
Luxembourg |
Europe | 2.3 |
| 125 |
Barbados |
North America | 2.3 |
| 126 |
Jordan |
Asia | 2.2 |
| 127 |
Kuwait |
Asia | 2.2 |
| 128 |
Andorra |
Europe | 2.2 |
| 129 |
Portugal |
Europe | 2.2 |
| 130 |
Germany |
Europe | 2.1 |
| 131 |
Saudi Arabia |
Asia | 2.1 |
| 132 |
Benin |
Africa | 2.1 |
| 133 |
St. Vincent and theGrenadines |
North America | 2.1 |
| 134 |
San Marino |
Europe | 2.0 |
| 135 |
Senegal |
Africa | 2.0 |
| 136 |
Nicaragua |
North America | 2.0 |
| 137 |
Guinea-Bissau |
Africa | 2.0 |
| 138 |
South Korea |
Asia | 2.0 |
| 139 |
Canada |
North America | 2.0 |
| 140 |
Tuvalu |
Oceania | 2.0 |
| 141 |
Denmark |
Europe | 1.9 |
| 142 |
Finland |
Europe | 1.8 |
| 143 |
Indonesia |
Asia | 1.8 |
| 144 |
Samoa |
Oceania | 1.8 |
| 145 |
Palau |
Oceania | 1.8 |
| 146 |
Libya |
Africa | 1.8 |
| 147 |
Hong Kong SAR |
Asia | 1.8 |
| 148 |
Vanuatu |
Oceania | 1.7 |
| 149 |
Taiwan |
Asia | 1.7 |
| 150 |
Peru |
South America | 1.7 |
| 151 |
St. Kitts and Nevis |
North America | 1.7 |
| 152 |
Guatemala |
North America | 1.7 |
| 153 |
Ireland |
Europe | 1.7 |
| 154 |
Italy |
Europe | 1.7 |
| 155 |
Cambodia |
Asia | 1.6 |
| 156 |
UAE |
Asia | 1.6 |
| 157 |
Philippines |
Asia | 1.6 |
| 158 |
Malaysia |
Asia | 1.6 |
| 159 |
Djibouti |
Africa | 1.5 |
| 160 |
Iraq |
Asia | 1.5 |
| 161 |
Cabo Verde |
1.5 | |
| 162 |
Trinidad and Tobago |
North America | 1.5 |
| 163 |
Belize |
North America | 1.4 |
| 164 |
Puerto Rico |
North America | 1.4 |
| 165 |
Gabon |
Africa | 1.4 |
| 166 |
Burkina Faso |
Africa | 1.3 |
| 167 |
Grenada |
1.2 | |
| 168 |
Morocco |
Africa | 1.2 |
| 169 |
France |
Europe | 1.1 |
| 170 |
Ecuador |
South America | 1.1 |
| 171 |
Côte d'Ivoire |
Africa | 1.0 |
| 172 |
Singapore |
Asia | 0.9 |
| 173 |
Oman |
Asia | 0.9 |
| 174 |
Timor-Leste |
Asia | 0.9 |
| 175 |
Aruba |
0.8 | |
| 176 |
Cyprus |
Asia | 0.7 |
| 177 |
Macao |
Asia | 0.5 |
| 178 |
Bahamas |
North America | 0.5 |
| 179 |
Seychelles |
0.4 | |
| 180 |
Costa Rica |
North America | 0.4 |
| 181 |
Brunei Darussalam |
Asia | 0.4 |
| 182 |
St. Lucia |
0.4 | |
| 183 |
El Salvador |
North America | 0.3 |
| 184 |
Bahrain |
Asia | 0.3 |
| 185 |
Thailand |
Asia | 0.2 |
| 186 |
Liechtenstein |
Europe | 0.1 |
| 187 |
Switzerland |
Europe | 0.1 |
| 188 |
Qatar |
Asia | 0.1 |
| 189 |
Fiji |
Oceania | 0.1 |
| 190 |
China |
Asia | 0.0 |
| 191 |
Panama |
North America | -0.1 |
Venezuela faces the highest inflation on the planet, at 269.9% in 2025, and this is set to jump to 682% in 2026.
Over 2025, the Venezuelan bolivar depreciated 82.7% against the dollar as U.S. sanctions and warship deployment targeting alleged drug traffickers contributed to inflationary pressures. Now, with Maduro’s ouster, the outlook for the economy remains uncertain.
For the U.S., inflation stood at 2.7% and is forecast to fall to 2.4% in 2026. Overall, tariffs were estimated to increase inflation by 0.5 percentage points in 2025, far lower than initially feared.
China, on the other hand, saw inflation sit at 0.0%, one of the lowest rates globally. Deflationary pressures, from excess production to a weak labor market, significantly impacted the economic climate. In 2026, inflation is set to rise to 0.8% fueled by economic stimulus measures that aim to boost domestic consumption.
Meanwhile, several European economies saw moderate inflation in 2025 amid low energy and import prices. In France, inflation stood at 1.1%, while Italy and Germany saw rates of 1.7% and 2.1%, respectively.
To learn more about this topic, check out this graphic on inflation forecasts for OECD countries through 2026.
2026-01-07 07:12:21
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Venezuela sits atop the largest oil reserves on the planet, yet its role in global energy markets is far smaller than in past decades.
While countries like the United States and Saudi Arabia dominate daily oil production, Venezuela’s output has steadily declined over the past several decades.
This visualization compares proven oil reserves across major producing countries. Reserves represent the volume of oil that can be economically produced under current conditions. The data for this visualization comes from OPEC’s Annual Statistical Bulletin 2025.
Venezuela holds an estimated 303 billion barrels of proven oil reserves, the largest of any country and well ahead of Saudi Arabia. These reserves account for roughly 17% of the global total.
Most of this oil is concentrated in the Orinoco Belt, where deposits are predominantly heavy crude. While abundant, this type of oil is more expensive to produce and requires specialized infrastructure.
| Rank | Country | 2024 (Billion Barrels) |
|---|---|---|
| 1 |
Venezuela |
303,221 |
| 2 |
Saudi Arabia |
267,200 |
| 3 |
Iran |
208,600 |
| 4 |
Canada |
163,000 |
| 5 |
Iraq |
145,019 |
| 6 |
United Arab Emirates |
113,000 |
| 7 |
Kuwait |
101,500 |
| 8 |
Russia |
80,000 |
| 9 |
Libya |
48,363 |
| 10 |
United States |
45,014 |
| 11 |
Nigeria |
37,280 |
| 12 |
Kazakhstan |
30,000 |
| 13 |
China |
28,182 |
| 14 |
Qatar |
25,244 |
| 15 |
Brazil |
15,894 |
| 16 |
Algeria |
12,200 |
| 17 |
Ecuador |
8,273 |
| 18 |
Azerbaijan |
7,000 |
| 19 |
Norway |
6,912 |
| 20 |
Mexico |
5,136 |
| 21 |
Sudan |
5,000 |
| 22 |
India |
4,981 |
| 23 |
Oman |
4,971 |
| 24 |
Vietnam |
4,400 |
| 25 |
Egypt |
3,300 |
| 26 |
Argentina |
2,999 |
| 27 |
Malaysia |
2,700 |
| 28 |
Angola |
2,550 |
| 29 |
Indonesia |
2,410 |
| 30 |
Colombia |
2,019 |
| 31 |
Gabon |
2,000 |
| 32 |
Congo |
1,811 |
| 33 |
Australia |
1,803 |
| 34 |
United Kingdom |
1,500 |
| 35 |
Brunei |
1,100 |
| 36 |
Equatorial Guinea |
1,100 |
| 37 |
Turkmenistan |
600 |
| 38 |
Uzbekistan |
594 |
| 39 |
Ukraine |
395 |
| 40 |
Denmark |
365 |
| 41 |
Belarus |
198 |
| 42 |
Chile |
150 |
Despite its reserve dominance, Venezuela ranked just 21st in oil production in 2024, producing about 960,000 barrels per day.
At its peak in the 1970s, the country pumped as much as 3.5 million barrels per day, representing more than 7% of global output at the time. Production fell sharply during the 2010s and averaged roughly 1.1 million barrels per day last year, or about 1% of global production.
Decades of mismanagement, underinvestment, and international sanctions have constrained Venezuela’s oil sector.
Although some Western firms, including U.S.-based Chevron, continue to operate in the country, their presence has diminished significantly as sanctions expanded and exports were targeted.
Venezuela was a founding member of OPEC, alongside Iran, Iraq, Kuwait, and Saudi Arabia, but its influence within the group has waned as production declined.
If you enjoyed today’s post, check out The Future of World Energy Supply (2024–2050), Charted on Voronoi, the new app from Visual Capitalist.
2026-01-07 02:32:24
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Silver prices surged to new all-time highs in December, extending a powerful end-of-year rally supported by geopolitical uncertainty and a weaker U.S. dollar.
Silver futures briefly touched around $80, marking an unprecedented 160% rally in 2025 that outpaced even gold. Against this backdrop, understanding where the world’s silver reserves are concentrated provides crucial context for future supply dynamics.
The data for this visualization comes from the U.S. Geological Survey’s Mineral Commodity Summaries (January 2025). It estimates total global silver reserves at about 641,400 metric tons.
Peru stands out as the single largest holder of silver reserves, with an estimated 140,000 metric tons. This represents roughly 22% of the global total, giving the country a uniquely strategic position in the silver market.
| Rank | Country | Reserves (metric tons) | % of World Total |
|---|---|---|---|
| 1 |
Peru |
140,000 | 21.9% |
| 2 |
Australia |
94,000 | 14.7% |
| 3 |
Russia |
92,000 | 14.4% |
| 4 |
China |
70,000 | 10.9% |
| 5 |
Poland |
61,000 | 9.5% |
| 6 |
Mexico |
37,000 | 5.8% |
| 7 |
Chile |
26,000 | 4.1% |
| 8 |
United States |
23,000 | 3.6% |
| 9 |
Bolivia |
22,000 | 3.4% |
| 10 |
India |
8,000 | 1.3% |
| 11 |
Argentina |
6,500 | 1.0% |
| 12 |
Canada |
4,900 | 0.8% |
| -- |
Other countries |
57,000 | 8.9% |
| -- |
World total |
641,400 | 100.0% |
Behind Peru is a cluster of countries with substantial, but smaller, reserve bases. Australia, Russia, and China each hold between 70,000 and 94,000 metric tons, collectively accounting for about 40% of global reserves.
Mexico offers a striking contrast between production and reserves. It leads the world in silver production, yet holds just 37,000 metric tons of reserves, or about 6% of the global total. Currently, Mexico’s mining sector relies on intensive extraction with fewer projects with established reserves in the pipeline.
Global silver demand is poised to soar in the next decade, driven by emerging technologies like electric vehicles and solar power.
Silver demand from solar alone has grown from less than 50 million ounces (Moz) a decade ago to an expected 160 Moz in 2023.
If you enjoyed today’s post, check out Mapped: Which Countries Hold the Most Gold Reserves? on Voronoi, the new app from Visual Capitalist.
2026-01-06 23:27:52

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The above visualization shows a heatmap of U.S. stock performance over the trailing 12 months, inclusive of January 5th, 2026 data.
The heatmap and data come from Finviz.com, a platform we highly recommend for any of your stock market data visualization needs.
Overall, the S&P 500 posted its third straight year with 15% or higher gains. These gains were largely driven by specific sectors that boomed: specifically those tied to AI and the hyperscaling of data centers.
In 2025, Google (Alphabet) was the biggest individual winner, completing its redemption arc in the world of big tech. It beat out other Magnificent Seven companies handily with a 60%+ return.
In short: Google surged in 2025 after proving that AI strengthened rather than disrupted its core search and advertising business, with AI-powered results boosting user engagement, ad pricing, and margins. The release of Gemini 3 also helped flip the AI narrative, showing that Google was a leader in the field.
Big diversified banks had a great year, with each bank in the following segment posting double-digit (or higher) gains:

Higher interest rates, a rebound in capital markets, and strong consumer and wealth businesses were all firing at once for banks, creating multiple sources of profit. Their scale and diversification helped offset weaker areas like commercial real estate and outperform more specialized lenders.
As the world races to build out AI infrastructure, chipmakers like Nvidia (+40%), AMD (+83%), TSMC (+63%), and Broadcom (+48%) saw big double-digit gains over the last year.
The biggest winner in this category was Micron (+271%), a leading memory chipmaker. Higher demand and prices for DRAM and high-bandwidth memory drove rapid profit growth and a major re-rating of the stock.
Aerospace and defense stocks rose in 2025 as elevated global tensions, rising defense budgets, and sustained military aid commitments drove strong order backlogs and long-term revenue visibility for major contractors. GE Aerospace (+94%) and RTX (+63%) were two top performers.
Gold and mining stocks gained in 2025 as central bank buying, geopolitical risk, and expectations of easier monetary policy pushed gold prices to record highs, boosting margins and cash flows for producers.
REITs struggled throughout the last year as elevated interest rates kept borrowing costs high and pressured property valuations, especially in office and commercial real estate. Higher bond yields also made income-oriented real estate less attractive relative to safer fixed-income alternatives.

Healthcare facility REITs avoided some of the damage, with Welltower Inc. (+47%) posting some of the strongest gains.
Non-AI software stocks lagged in 2025 as investors rotated away from high-valuation growth names toward companies with immediate AI monetization and stronger cash flows.
Flagship examples of this effect can be seen in the stock performance of heavyweights like Salesforce (-23%), Adobe (-25%), ServiceNow (-30%), and SAP (-2%).
Upstream oil and gas stocks underperformed as energy prices stabilized and production growth limited upside despite ongoing geopolitical risks. Investors also favored capital discipline and shareholder returns over aggressive exploration, muting growth narratives in the sector.
Considered a defensive sector, it was believed that consumer staples would have a stronger year amid the projected geopolitical and economic turmoil. However, with economic growth getting back on track and inflation easing, hopes were quickly dashed as consumers spent money on more discretionary purchases.
Fiserv shares have collapsed 67% over the last year, after earnings disappointed and margins came under pressure from rising costs and intensifying competition in payments and fintech. The company specializes in processing transactions for banks.
What do experts see happening in markets in 2026? Check out our annual Prediction Consensus to get the lowdown.
2026-01-06 21:03:59
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The recent U.S. operation to capture Venezuelan President Nicolás Maduro reignited discussions this weekend about the Latin American country’s oil industry.
Venezuela currently holds the world’s largest oil reserves—about 303 billion barrels—but its oil industry has struggled in recent years due to mismanagement and U.S. sanctions.
Following Maduro’s capture, U.S. President Donald Trump stated that Venezuela’s oil industry would be revived through the entry of American companies into the country.
This chart compares proven oil reserves and daily production across the world’s top oil producers, revealing stark contrasts between output-heavy producers and those sitting on vast untapped resources.
The data for this visualization comes from the Energy Institute and reflects oil production levels in 2024.
The United States tops global oil production, pumping more than 20 million barrels per day.
While America’s proven reserves seem low at first sight at just 45 billion barrels, this is due to U.S. shale producers’ short investment cycles which book only a few years of economically viable reserves at a time, and replace them through ongoing drilling.
| Rank (Production) | Country | Oil production in 2024 (barrels per day) | Proven oil reserves (billion barrels of oil) |
|---|---|---|---|
| 1 |
United States |
20,135,000 | 45.0 |
| 2 |
Saudi Arabia |
10,856,000 | 267.2 |
| 3 |
Russia |
10,752,000 | 80.0 |
| 4 |
Canada |
5,888,000 | 163.0 |
| 5 |
Iran |
5,062,000 | 208.6 |
| 6 |
Iraq |
4,398,000 | 145.0 |
| 7 |
China |
4,264,000 | 28.2 |
| 8 |
United Arab Emirates |
4,006,000 | 113.0 |
| 9 |
Brazil |
3,466,000 | 15.9 |
| 10 |
Kuwait |
2,719,000 | 101.5 |
| 11 |
Mexico |
1,911,000 | 5.1 |
| 12 |
Kazakhstan |
1,836,000 | 30.0 |
| 13 |
Norway |
1,833,000 | 6.9 |
| 14 |
Qatar |
1,806,000 | 25.2 |
| 15 |
Nigeria |
1,641,000 | 37.3 |
| 16 |
Algeria |
1,380,000 | 12.2 |
| 17 |
Argentina |
1,214,000 | 3.0 |
| 18 |
Libya |
1,188,000 | 48.4 |
| 19 |
Angola |
1,181,000 | 2.6 |
| 20 |
Oman |
993,000 | 5.0 |
| 21 |
Venezuela |
960,000 | 303.2 |
| 22 |
Colombia |
773,000 | 2.0 |
| 23 |
India |
735,000 | 5.0 |
| 24 |
United Kingdom |
653,000 | 1.5 |
| 25 |
Egypt |
637,000 | 3.3 |
Countries like Mexico, Argentina, and the United Kingdom also have relatively modest reserves paired with sustained output, though each situation is unique.
Venezuela stands apart from every other producer. With more than 300 billion barrels in proven reserves, its reserves-to-production ratio exceeds 800 years—the highest in the world by a wide margin. Iran, Libya, Kuwait, and Iraq also post triple-digit reserve lifespans.
Countries like Saudi Arabia, Canada, and the United Arab Emirates strike a middle ground. Saudi Arabia’s reserves could last more than 60 years at current output, while Canada’s oil sands give it one of the longest reserve lifespans among high-production countries.
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