August 01, 2024
According to the latest trade statistics from the World Bank’s World Development Indicators, the sum of exports and imports across countries amounted to 63% of global GDP in 2022, the most recent year available.
This metric, also known as the trade openness index, represents the ratio of total trade (exports plus imports) to global output. The higher this ratio, the greater the influence of international trade transactions on global economic activity.
The chart shows the trade openness trend since 1970. After a decade of ups and downs, with a noticeable dip in 2020, trade rebounded above pre-pandemic levels in 2022.
In fact, from a long-run perspective, the 63% observed in 2022 was historically unprecedented.
Economic historians estimate that in 1912, at the peak of the “first wave of globalization”, the trade openness index reached 30%. Global trade declined substantially during the First and Second World Wars, then increased again with the onset of the “second wave of globalization”, exceeding 50% of GDP at the beginning of the 21st century.
The fact that global trade openness was higher in 2022 than ever before may seem surprising, given that several countries that followed different trajectories received considerable attention in the media. For example, imports and exports peaked at 65% of GDP in China in 2006 but have since declined to 38% in 2022.
Read more about the first and second waves of globalization →
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The chart shows NVIDIA's quarterly revenue in US dollars, split by end market — sales to data-center customers (cloud providers and AI companies) in green, and sales for gaming, consumer devices, and cars in red.
In early 2014, data centers and AI accounted for just 5% of its revenue; gaming was the biggest single segment. Twelve years later, the ratio has flipped: data centers and AI now make up over 90% of revenue. The revenue in this segment has grown 1,300-fold over the period, from $57 million to more than $75 billion per quarter.
The data centers and AI segment was already growing fast between 2014 and 2022, with revenue doubling every 16 months on average. ChatGPT's release in late 2022, alongside the broader push to deploy AI at scale, has accelerated that pace: since then, revenue has doubled every 11 months.
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When a stock is fished at a rate above this level, it is considered overfished.
The Food and Agriculture Organization (FAO) of the United Nations estimates that just over one-third of the world’s assessed fish stocks are overfished. As the chart shows, this has increased from around 10% in the mid-1970s.
Getting high-quality global estimates of this metric is difficult; many regions have formal assessments of fish stocks and catch rates, but many fish stocks across Africa, Asia, and South America are not assessed rigorously. To get global estimates, the UN FAO combines these formal assessments with expert opinion and extrapolations based on available national and regional data.
The FAO’s report — The State of World Fisheries and Aquaculture 2024 — provides more detailed breakdowns of which species are overfished.
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On the Iberian Peninsula, Spain and Portugal have scaled up solar and wind power almost in step.
In the chart, you can see the share of electricity coming from solar and wind. Both countries generated over 40% of their electricity from these sources in 2025. That was higher than the European Union average of 30%.
The two countries have very similar geographies and share an electricity market. They also have weak connections to the rest of the European electricity grid, forcing them to generate clean power at home rather than rely on imports.
Wind power is more prevalent in Portugal, while solar is ahead in Spain.
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But this is changing. As the map shows, deaths now outnumber births in a growing number of countries across Europe and East Asia.
The balance of births and deaths tells us about a country’s “natural population change” — whether it would grow or shrink without any international migration. Where deaths outnumber births, the population will shrink unless enough people move in from abroad to make up the gap.
June 6
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Coal generates one-third of the world’s electricity, more than any other source.
But zoom into the country level, and the picture is much more varied. The map shows which source generated the most power in each country in 2024 or 2025 (the latest year available).
Thanks to large reserves, coal dominates across Asia. It’s the largest source in China, India, Indonesia, and Malaysia. These are huge power producers, which is why coal is so dominant at a global level.
Across most other regions, it’s mostly a mix of gas and hydropower. On islands and parts of North Africa, it’s oil.
Europe has the most diverse mix, with nuclear power dominating generation in countries such as France and Finland, and solar and wind overtaking fossil fuels as the largest sources in countries such as Spain and Germany.
Solar and wind are growing quickly in many countries; when these sources are combined as “variable renewables”, they become the largest source in six more countries: the Netherlands, Portugal, Greece, the United Kingdom, Belgium, and Pakistan.
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The chart shows how the country’s electricity mix has changed in recent decades.
In the 2000s and early 2010s, coal was initially replaced by gas, with only moderate growth in solar and wind. But in the last five years, solar and wind have been deployed much more quickly. Gas is now on the decline, too. In 2023, solar overtook gas to become Australia’s second-largest electricity source.
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Unfortunately, over 40% of the world does not have access to safe sanitation facilities. This is based on estimates from the WHO/UNICEF’s Joint Monitoring Programme for Water Supply, Sanitation and Hygiene.
The chart shows the share of the global population that has access to safe sanitation over time. While rates have increased, particularly over the last decade, they still fall far short of the UN’s target of universal access in 2030.
Increasing access to safe sanitation would save many lives from preventable infectious diseases.
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