Which Countries Have the Highest Corporate Tax Rates in the G20?

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5 mins ago

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June 26, 2024 Graphics/Design:

See this visualization first on the Voronoi app.

Which Countries Have the Highest Corporate Tax Rates in G20?

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.

In the wake of the 1999 Asian financial crisis, government representatives from the 20 largest economies in the world decided to informally gather to coordinate policy on trade. Thus began the G20.

Together the bloc accounts for more than 85% of the world economy and has been credited with unified policy action in response to world events.

However, despite this shared affiliation, this group is still made of fundamentally different economies with varied policies towards their business entities.

For a quick overview, we visualize and rank the G20 countries by their headline corporate tax rates. Data is sourced from Trading Economics, accessed June 2024. Data for the EU and the African Union (both G20 members) has not been included.

Ranked: G20 Members by Their Corporate Tax Rates

Argentina and India have the highest corporate income tax rates, at 35% in the G20.

However, both countries have a progressive ladder for taxation, so this headline number may only apply to a smaller subset of firms. For foreign companies with a โ€œpermanent entityโ€ in India, the rate climbs past 40%.

RankG20 MemberCorporate Tax Rate 1๐Ÿ‡ฆ๐Ÿ‡ท Argentina35% 2๐Ÿ‡ฎ๐Ÿ‡ณ India35% 3๐Ÿ‡ง๐Ÿ‡ท Brazil34% 4๐Ÿ‡ฏ๐Ÿ‡ต Japan31% 5๐Ÿ‡ฆ๐Ÿ‡บ Australia30% 6๐Ÿ‡ฉ๐Ÿ‡ช Germany30% 7๐Ÿ‡ฒ๐Ÿ‡ฝ Mexico30% 8๐Ÿ‡จ๐Ÿ‡ฆ Canada27% 9๐Ÿ‡ฟ๐Ÿ‡ฆ South Africa27% 10๐Ÿ‡จ๐Ÿ‡ณ China25% 11๐Ÿ‡ซ๐Ÿ‡ท France25% 12๐Ÿ‡น๐Ÿ‡ท Tรผrkiye25% 13๐Ÿ‡ฌ๐Ÿ‡ง UK25% 14๐Ÿ‡ฎ๐Ÿ‡น Italy24% 15๐Ÿ‡ฐ๐Ÿ‡ท South Korea24% 16๐Ÿ‡ฎ๐Ÿ‡ฉ Indonesia22% 17๐Ÿ‡บ๐Ÿ‡ธ U.S.21% 18๐Ÿ‡ท๐Ÿ‡บ Russia20% 19๐Ÿ‡ธ๐Ÿ‡ฆ Saudi Arabia20%
Note: EU and African Union not included. Figures rounded. Data accessed June 2024.

Interestingly, BRICS countries cover the spectrum of corporate tax rates. Starting from the highest (India, Brazil) to middle of the pack (South Africa, China) to lowest (Russia).

On the other hand, most of the G7 cluster in the mid-ranges (24โ€“30%), with Japan the highest outlier

Mapped: The 10 Hottest and Coldest Countries in the World

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1 min ago

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June 15, 2024 Article/Editing:

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Mapped: The 10 Hottest and Coldest Countries in the World

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.

This visualization shows the worldโ€™s hottest and coldest countries (and some territories) by their average temperature in 2022. Data for both the graphic and article has been sourced from the World Bank, accessed via Trading Economics.

Ranked: Average Temperature in 2022, by Country or Territory

Burkina Fasoโ€™s average annual temperature stands just past 29 ยฐC (84.7 ยฐF), making it the hottest country by this metric.

RankCountryAverage Temperature
(2022, ยฐC)Average Temperature
(2022, ยฐF) 1๐Ÿ‡ง๐Ÿ‡ซ Burkina Faso29.384.7 2๐Ÿ‡ฒ๐Ÿ‡ฑ Mali29.284.6 3๐Ÿ‡ถ๐Ÿ‡ฆ Qatar29.184.4 4๐Ÿ‡ธ๐Ÿ‡ณ Senegal29.084.2 5๐Ÿ‡ฆ๐Ÿ‡ช UAE28.984.0 6๐Ÿ‡ฒ๐Ÿ‡ท Mauritania28.984.0 7๐Ÿ‡ง๐Ÿ‡ญ Bahrain28.883.8 8๐Ÿ‡ฆ๐Ÿ‡ผ Aruba28.883.8 9๐Ÿ‡ฉ๐Ÿ‡ฏ Djibouti28.683.5 10๐Ÿ‡ฌ๐Ÿ‡ฒ Gambia28.583.3 11๐Ÿ‡ง๐Ÿ‡ฏ Benin28.182.6 12๐Ÿ‡ฒ๐Ÿ‡ป Maldives28.182.6 13๐Ÿ‡ฌ๐Ÿ‡ผ Guinea-Bissau28.182.6 14๐Ÿ‡ฐ๐Ÿ‡พ Cayman Islands28.082.4 15๐Ÿ‡ด๐Ÿ‡ฒ Oman27.982.2 16๐Ÿ‡ฒ๐Ÿ‡ญ Marshall Islands27.982.2 17๐Ÿ‡ฐ๐Ÿ‡ฎ Kiribati27.882.0 18๐Ÿ‡ฌ๐Ÿ‡ญ Ghana27.781.9 19๐Ÿ‡ธ๐Ÿ‡ฌ Singapore27.781.9 20๐Ÿ‡ณ๐Ÿ‡ช Niger27.681.7 21๐Ÿ‡ฐ๐Ÿ‡ผ Kuwait27.681.7 22๐Ÿ‡ธ๐Ÿ‡ฉ Sudan27.681.7 23๐Ÿ‡ฌ๐Ÿ‡บ Guam27.581.5 24๐Ÿ‡ต๐Ÿ‡ผ Palau27.581.5 25๐Ÿ‡ผ๐Ÿ‡ธ Samoa27.581.5 26๐Ÿ‡น๐Ÿ‡ฌ Togo27.581.5 27๐Ÿ‡ซ๐Ÿ‡ฒ Micronesia27.581.5 28๐Ÿ‡ฐ๐Ÿ‡ณ St Kitts & Nevis27.381.1 29๐Ÿ‡ฆ๐Ÿ‡ธ American Samoa27.381.1 30๐Ÿ‡น๐Ÿ‡ฉ Chad27.381.1 31๐Ÿ‡ฐ๐Ÿ‡ญ Cambodia27.381.1 32๐Ÿ‡ฒ๐Ÿ‡ต Northern Mariana Islands27.381.1 33๐Ÿ‡ฑ๐Ÿ‡ฐ Sri Lanka27.281.0 34๐Ÿ‡ณ๐Ÿ‡ฌ Nigeria27.281.0 35๐Ÿ‡ธ๐Ÿ‡จ Seychelles27.180.8 36๐Ÿ‡ธ๐Ÿ‡ด Somalia27.180.8 37๐Ÿ‡ฆ๐Ÿ‡ฌ Antigua and Barbuda27.180.8 38๐Ÿ‡จ๐Ÿ‡ฎ Ivory Coast26.880.2 39๐Ÿ‡ป๐Ÿ‡ฎ Virgin Islands26.880.2 40๐Ÿ‡ฑ๐Ÿ‡จ St Lucia26.880.2 41๐Ÿ‡น๐Ÿ‡ญ Thailand26.880.2 42๐Ÿ‡ฉ๐Ÿ‡ฒ Dominica26.780.1 43๐Ÿ‡ธ๐Ÿ‡ฑ Sierra Leone26.679.9 44๐Ÿ‡ต๐Ÿ‡ญ Philippines26.679.9 45๐Ÿ‡ธ๐Ÿ‡ท Suriname26.579.7 46๐Ÿ‡ช๐Ÿ‡ท Eritrea26.579.7 47๐Ÿ‡ธ๐Ÿ‡ฆ Saudi Arabia26.579.7 48๐Ÿ‡น๐Ÿ‡น Trinidad and Tobago26.579.7 49๐Ÿ‡ง๐Ÿ‡ง Barbados26.579.7 50๐Ÿ‡ฒ๐Ÿ‡พ Malaysia26.479.5 51๐Ÿ‡ฌ๐Ÿ‡ฉ Grenada26.379.3 52๐Ÿ‡ฌ๐Ÿ‡พ Guyana26.279.2 53๐Ÿ‡จ๐Ÿ‡บ Cuba26.179.0 54๐Ÿ‡ง๐Ÿ‡ธ Bahamas26.179.0 55๐Ÿ‡ฏ๐Ÿ‡ฒ Jamaica26.078.8 56๐Ÿ‡ป๐Ÿ‡จ St Vincent & the Grenadines26.078.8 57๐Ÿ‡ฎ๐Ÿ‡ฉ Indonesia26.078.8 58๐Ÿ‡ฌ๐Ÿ‡ณ

Ranked: Countries Where Youth are the Most Unhappy, Relative to Older Generations

Published

48 mins ago

on

May 17, 2024 Graphics/Design:

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Countries with the Biggest Happiness Gaps Between Generations

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.

โ€œThey say a person needs just three things to be truly happy in this world: someone to love, something to do, and something to hope for.โ€ โ€” Tom Bodett

Measuring happiness is tricky business, more so when taking into account how different regions, cultures, and faiths define it. Nevertheless, the World Happiness Report attempts to distill being happy into a single score out of 10, and then ranks countries by their average score.

Weโ€™ve visualized the high-level findings from the latest happiness report in this series of maps. However, the report also dives deeper into other significant trends in the data, such as a growing disparity in happiness between age groups within countries themselves.

In the chart above, we list countries by the biggest gaps in happiness ranks between young adults (30) and older adults (60+). A higher number indicates a larger gap, and that the youth are far unhappier than their older counterparts.

Where are Youth Unhappier than Older Adults?

Mauritius ranks first on this list, with a massive 57 place gap between older adult and youth happiness. The 1.26 million-inhabited island nation briefly reached high income status in 2020, but the pandemic hit hard, hurting its key tourism sector, and affecting jobs.

The countryโ€™s youth unemployment rate spiked to close to 25% that year, but has since been on the decline. Like residents on many similarly-populated islands, the younger demographic often moves abroad in search of more opportunities.

RankCountryYouth Happiness RankOlder Adult
Happiness RankHappiness Gap 1๐Ÿ‡ฒ๐Ÿ‡บ Mauritius852857 2๐Ÿ‡บ๐Ÿ‡ธ U.S.621052 3๐Ÿ‡จ๐Ÿ‡ฆ Canada58850 4๐Ÿ‡บ๐Ÿ‡ฟ Uzbekistan712249 5๐Ÿ‡จ๐Ÿ‡ณ China793049 6๐Ÿ‡ฏ๐Ÿ‡ต Japan733637 7๐Ÿ‡ฒ๐Ÿ‡ณ Mongolia865333 8๐Ÿ‡ฉ๐Ÿ‡ฟ Algeria936231 9๐Ÿ‡ฑ๐Ÿ‡พ Libya805030 10๐Ÿ‡ธ๐Ÿ‡ฌ Singapore542628 11๐Ÿ‡ฐ๐Ÿ‡ฟ Kazakhstan694227 12๐Ÿ‡ต๐Ÿ‡ญ Philippines704327 13๐Ÿ‡ฑ๐Ÿ‡ฆ Laos1047727 14๐Ÿ‡ฉ๐Ÿ‡ช Germany472126 15๐Ÿ‡ช๐Ÿ‡ธ Spain552926 16๐Ÿ‡ฒ๐Ÿ‡น Malta573126 17๐Ÿ‡ง๐Ÿ‡ญ Bahrain775126 18๐Ÿ‡ฐ๐Ÿ‡ฌ Kyrgyzstan815526 19๐Ÿ‡ฒ๐Ÿ‡ท Mauritania1199326