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Ranked: The World’s 50 Largest Economies by GDP in 2026

2026-01-08 21:04:51

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This infographic shows the world's 50 largest economies by GDP in 2026, highlighting the countries that dominate global economic power.

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Ranked: The World’s 50 Largest Economies by GDP 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 global economy is projected to reach $123.6 trillion in 2026.
  • The United States remains the world’s largest economy, accounting for over $31.8 trillion in GDP.
  • The top five economies generate more than 55% of global economic output.

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).

The World’s Biggest Economies in 2026

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.

Emerging Economies Climb the GDP Ladder

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.

Learn More on the Voronoi App

If you enjoyed today’s post, explore more global economy visuals on Voronoi, including
Countries by Share of Global GDP.

Ranked: U.S. States by Number of Households Without Income

2026-01-08 02:12:58

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Bar chart showing U.S. states by the number of households with no income.

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States With the Highest Number of Households With No Income

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

  • Income represents regular income payments, excluding capital gains and certain non-cash benefits such as retirement payments and health benefits.
  • West Virginia has the highest rate of no-income households (34%), while California has the highest number in absolute terms (3.1 million)

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 Leads Nationally in Households With No Income

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.

Learn More on the Voronoi App

To learn more about this topic, check out this graphic on the median full-time salary by state.

Ranked: Countries With the Biggest Change in Life Expectancy Since 1965

2026-01-07 23:31:07

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Stacked bar chart showing the countries with the biggest change in life expectancy since 1965.

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Ranked: Countries With the Biggest Change in Life Expectancy

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

  • In the Maldives, a country south of India, life expectancy has doubled since 1965 to reach 82 years.
  • Similarly, life expectancy in Afghanistan, Oman, and Bhutan have nearly doubled, sitting among the largest absolute gains in life expectancy worldwide.

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.

Where Change in Life Expectancy Accelerated the Most

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.

Learn More on the Voronoi App

To learn more about this topic, check out this graphic on the countries with the highest and lowest life expectancy in the world.

Mapped: Global Inflation by Country in 2025

2026-01-07 21:02:54

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Map showing inflation by country in 2025.

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Mapped: Global Inflation by Country 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

  • Global inflation averaged 4.2% in 2025, with many countries showing resilience in the face of historic U.S. tariffs.
  • In the U.S., inflation declined from 3% in 2024 to 2.7% in 2025.
  • Inflation was highest in Venezuela, at 269.9% for the year.

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.

A Closer Look at Inflation by Country

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 the
Grenadines
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.

Learn More on the Voronoi App

To learn more about this topic, check out this graphic on inflation forecasts for OECD countries through 2026.

How Venezuela’s Oil Reserves Compare to the Rest of the World

2026-01-07 07:12:21

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This visualization compares proven oil reserves across major producing countries.

How Venezuela’s Oil Reserves Compare to the Rest of the World

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

  • Venezuela holds the world’s largest proven oil reserves, accounting for about 17% of the global total.
  • Despite its vast reserves, Venezuela’s oil production remains a fraction of its historical peak.

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’s Unmatched Reserve Base

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.

Politics, Sanctions, and Investment Challenges

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.

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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.

All of the World’s Silver Reserves by Country, in One Visualization

2026-01-07 02:32:24

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As silver prices hit record highs, this Voronoi graphic breaks down global silver reserves by country, highlighting Peru’s dominance.

Use This Visualization

All of the World’s Silver Reserves by Country, in One Visualization

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Key Takeaways

  • Peru alone holds roughly 22% of the world’s known silver reserves.
  • Mexico dominates global silver production, but its reserve base is much smaller than several peers.

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’s Dominant Reserve Position

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.

Production Powerhouses vs. Reserve Depth

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.

Silver in Green Technology

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.

Learn More on the Voronoi App

If you enjoyed today’s post, check out Mapped: Which Countries Hold the Most Gold Reserves? on Voronoi, the new app from Visual Capitalist.