2026-01-08 21:04:51
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As countries recover from recent economic shocks and adjust to elevated interest rates, the world’s economic leaderboard continues to evolve.
Some economies are climbing the rankings through rapid growth and industrial expansion, while others rely on scale, services, and natural resources to maintain their global economic influence.
This infographic ranks the world’s 50 largest economies by projected nominal GDP in 2026, based on data from the IMF’s World Economic Outlook (October 2025).
In 2026, global GDP is expected to total $123.6 trillion. However, economic power remains heavily skewed toward advanced and large emerging economies.
The table below shows the world’s top 50 economies by GDP in 2026:
| Rank | Country | GDP (USD, billions) |
|---|---|---|
| 1 |
United States |
$31,821 |
| 2 |
China |
$20,651 |
| 3 |
Germany |
$5,328 |
| 4 |
India |
$4,506 |
| 5 |
Japan |
$4,464 |
| 6 |
United Kingdom |
$4,226 |
| 7 |
France |
$3,559 |
| 8 |
Italy |
$2,702 |
| 9 |
Russia |
$2,509 |
| 10 |
Canada |
$2,421 |
| 11 |
Brazil |
$2,293 |
| 12 |
Spain |
$2,042 |
| 13 |
Mexico |
$2,031 |
| 14 |
Australia |
$1,948 |
| 15 |
South Korea |
$1,937 |
| 16 |
Türkiye |
$1,576 |
| 17 |
Indonesia |
$1,550 |
| 18 |
Netherlands |
$1,413 |
| 19 |
Saudi Arabia |
$1,316 |
| 20 |
Poland |
$1,110 |
| 21 |
Switzerland |
$1,075 |
| 22 |
Taiwan |
$971 |
| 23 |
Belgium |
$761 |
| 24 |
Ireland |
$750 |
| 25 |
Sweden |
$712 |
| 26 |
Argentina |
$668 |
| 27 |
Israel |
$666 |
| 28 |
Singapore |
$606 |
| 29 |
Austria |
$604 |
| 30 |
United Arab Emirates |
$601 |
| 31 |
Thailand |
$562 |
| 32 |
Norway |
$548 |
| 33 |
Philippines |
$534 |
| 34 |
Bangladesh |
$519 |
| 35 |
Vietnam |
$511 |
| 36 |
Malaysia |
$505 |
| 37 |
Denmark |
$500 |
| 38 |
Colombia |
$462 |
| 39 |
Hong Kong |
$447 |
| 40 |
Romania |
$445 |
| 41 |
South Africa |
$444 |
| 42 |
Czech Republic |
$417 |
| 43 |
Egypt |
$400 |
| 44 |
Iran |
$376 |
| 45 |
Portugal |
$365 |
| 46 |
Chile |
$363 |
| 47 |
Finland |
$336 |
| 48 |
Nigeria |
$334 |
| 49 |
Peru |
$327 |
| 50 |
Kazakhstan |
$320 |
The U.S. retains its position as the world’s largest economy with a projected GDP of $31.8 trillion in 2026, more than the next two countries combined. Despite recent changes in trade policy, U.S. real GDP is projected to grow by 2.1% in 2026, up marginally from 2% in 2025.
China ranks second at $20.7 trillion, reflecting slower but still substantial growth as it transitions toward advanced manufacturing while promoting debt sustainability and grappling with its aging population.
In Europe, Germany remains the largest economy, joined by the UK, France, and Italy among the world’s 10 largest economies. These countries are also among the world’s richest economies by GDP per capita.
Many emerging markets continue to gain economic weight in 2026. India’s economy is projected to reach $4.5 trillion, making it the world’s fourth-largest economy by GDP. India’s real GDP is projected to grow fastest among major emerging economies at 6.2%, driven by strong domestic demand and expanding manufacturing capacity.
Meanwhile, countries such as Vietnam, Bangladesh, and the Philippines are projected to cross the $500 billion GDP mark, as they get increasingly integrated into global supply chains.
If you enjoyed today’s post, explore more global economy visuals on Voronoi, including
Countries by Share of Global GDP.
2026-01-08 02:12:58
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Roughly one in four U.S. households are classified as having “no income” under Census Bureau definitions. Overall, this category often includes retirees, unemployed individuals, and people with disabilities.
In total, households with no income number 33.1 million nationwide, a figure shaped in part by an aging population and a poverty rate of 10.6% as of 2024. While the definition remains somewhat opaque, it highlights the scale of American homes without regular wage or salary income.
This graphic shows the number of households by U.S. state with no income, based on data from the Census Bureau’s American Community Survey 2024 1-Year Estimates.
California, the country’s most populous state, has 3.1 million households with “no-income”.
Though this is the highest number in absolute terms, its percentage of low income households (23%) is actually below the national average.
| Name | Number of Households With No Income | Share of Households With No Income |
|---|---|---|
| California | 3,126,046 | 23% |
| Florida | 2,640,572 | 29% |
| Texas | 2,366,530 | 21% |
| New York | 2,019,968 | 26% |
| Pennsylvania | 1,445,128 | 27% |
| Ohio | 1,312,408 | 27% |
| Illinois | 1,224,988 | 24% |
| Michigan | 1,159,943 | 28% |
| North Carolina | 1,142,224 | 25% |
| Georgia | 969,847 | 23% |
| Arizona | 822,380 | 28% |
| Virginia | 787,104 | 23% |
| New Jersey | 779,448 | 22% |
| Tennessee | 757,452 | 26% |
| Washington | 743,102 | 23% |
| Indiana | 682,676 | 25% |
| Missouri | 681,603 | 27% |
| Massachusetts | 669,261 | 24% |
| Wisconsin | 657,974 | 26% |
| South Carolina | 608,521 | 27% |
| Alabama | 602,948 | 29% |
| Minnesota | 561,494 | 24% |
| Kentucky | 538,147 | 29% |
| Louisiana | 535,679 | 29% |
| Colorado | 527,561 | 21% |
| Maryland | 521,301 | 22% |
| Oregon | 480,496 | 28% |
| Oklahoma | 433,471 | 27% |
| Arkansas | 370,528 | 30% |
| Connecticut | 360,848 | 25% |
| Mississippi | 348,121 | 30% |
| Iowa | 330,168 | 25% |
| Nevada | 299,206 | 24% |
| Kansas | 284,713 | 24% |
| New Mexico | 265,189 | 31% |
| West Virginia | 248,641 | 34% |
| Utah | 200,139 | 17% |
| Idaho | 196,899 | 26% |
| Nebraska | 188,997 | 23% |
| Maine | 186,796 | 30% |
| New Hampshire | 140,228 | 25% |
| Montana | 131,477 | 28% |
| Rhode Island | 121,738 | 27% |
| Hawaii | 120,190 | 24% |
| Delaware | 113,794 | 28% |
| South Dakota | 91,742 | 24% |
| North Dakota | 82,582 | 24% |
| Vermont | 78,468 | 27% |
| Wyoming | 68,708 | 27% |
| District of Columbia | 63,874 | 19% |
| Alaska | 58,570 | 21% |
As we can see, Florida ranks in second, with 2.6 million residents reporting no income. This accounts for 29% of the state’s population, likely influenced by having the second-highest share of people over age 65 in America, after Maine.
When it comes to the state with the highest share overall, West Virginia leads the country, with over one in three falling in this category. Not only does it have one of the highest poverty rates in the country, over a fifth of the population is over 65.
Meanwhile, Utah has the lowest rate (17%) in the country.
To learn more about this topic, check out this graphic on the median full-time salary by state.
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.