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:

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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 “permanent entity” in India, the rate climbs past 40%.

RankG20 MemberCorporate Tax Rate 1🇦🇷 Argentina35% 2🇮🇳 India35% 3🇧🇷 Brazil34% 4🇯🇵 Japan31% 5🇦🇺 Australia30% 6🇩🇪 Germany30% 7🇲🇽 Mexico30% 8🇨🇦 Canada27% 9🇿🇦 South Africa27% 10🇨🇳 China25% 11🇫🇷 France25% 12🇹🇷 Türkiye25% 13🇬🇧 UK25% 14🇮🇹 Italy24% 15🇰🇷 South Korea24% 16🇮🇩 Indonesia22% 17🇺🇸 U.S.21% 18🇷🇺 Russia20% 19🇸🇦 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 (24–30%), with Japan the highest outlier

Mapped: Highest and Lowest Doctor Density Around the World

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42 mins ago

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June 20, 2024 Graphics/Design:

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Mapped: Highest and Lowest Doctor Density Around 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 graphic maps and ranks the countries with the highest and lowest doctor density (measured per 10,000 population), according to World Health Organization (WHO) estimates as of 2022.

ℹ️ “Doctors” includes generalists, specialist medical practitioners and other medical doctors not further defined. Depending on the source country, may include only practicing physicians or all registered physicians.

Health worker density in general is an important metric tracked by the UN, as part of its sustainable development goals. A 2016 WHO study found that investing and expanding healthcare workforces improves economic growth.

Ranked: Doctors Per 10,000 Population

European countries, like Belgium, Georgia, and Austria, lead the ranks by the ratio of doctors to resident population. South American countries, represented by Uruguay and Argentina, also make the top 10.

RankCountryDoctors per 10K People (2022) 1🇧🇪 Belgium63.9 2🇬🇪 Georgia56.1 3🇦🇹 Austria55.1 4🇱🇹 Lithuania51.3 5🇧🇬 Bulgaria49.0 6🇺🇾 Uruguay46.3 7🇮🇸 Iceland45.2 8🇨🇻 Cabo Verde44.6 9🇮🇹 Italy42.5 10🇦🇷 Argentina40.8 11🇵🇾 Paraguay38.8 12🇸🇨 Seychelles38.2 13🇮🇱 Israel37.1 14🇳🇿 New Zealand35.7 15🇨🇱 Chile31.7 16🇬🇧 UK31.7 17🇸🇦 Saudi Arabia30.8 18🇧🇧 Barbados29.7 19🇲🇪 Montenegro27.5 20🇨🇷 Costa Rica26.4 21🇨🇦 Canada25.0 22🇩🇴 Dominican Republic22.3 23🇴🇲 Oman20.6 24🇵🇪 Peru16.2 25🇸🇿 Eswatini15.9 26🇸🇻 El Salvador15.5 27🇲🇺 Mauritius12.0 28🇮🇶 Iraq10.1 29🇮🇩 Indonesia6.9 30🇧🇹 Bhutan5.5 31🇳🇦 Namibia5.4 32🇬🇦 Gabon4.8 33🇳🇬 Nigeria3.9 34🇧🇼 Botswana3.8 35🇿🇲 Zambia2.6 36🇦🇴 Angola2.4 37🇲🇷 Mauritania2.4 38🇬🇼 Guinea-Bissau2.1 39🇧🇯 Benin2.0 40🇨🇩 DRC1.9 41🇲🇱 Mali1.9 42🇨🇮 Côte d’Ivoire1.8 43🇱🇷 Liberia1.8 44🇨🇬 Congo1.7 45🇺🇬 Uganda1.7 46🇿🇼 Zimbabwe1.7

Map: The World’s Oldest and Youngest Countries, by Median Age

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13 seconds ago

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June 14, 2024 Graphics/Design:

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Mapped: The World’s Oldest and Youngest Countries

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.

We visualize the world’s oldest and youngest countries by median age, based on 2024 estimates from the CIA World Factbook.

ℹ️ The median age is a single indicator of the age distribution of a population—where half the population is older and half is younger than the listed age.

It can help government and private companies plan for age-specific demand for goods and services from the resident population.

Ranked: Countries by Median Age in 2024

Monaco and Japan—two countries with high life expectancies and low birth rates—have some of the highest median ages (50+) in the world.

A high median age is indicative of an aging population. Without policy support, this can lead to economic ramifications.

Here are the median ages of 200+ countries and territories in the world.

RankCountry/TerritoryMedian Age 1🇲🇨 Monaco57 2🇵🇲 Saint Pierre & Miquelon51 3🇯🇵 Japan50 4🇦🇩 Andorra49 5🇮🇹 Italy48 6🇧🇱 Saint Barthelemy47 7🇭🇰 Hong Kong47 8🇪🇸 Spain47 9🇩🇪 Germany47 10🇬🇷 Greece47 11🇵🇹 Portugal46 12🇸🇮 Slovenia46 13🇵🇷 Puerto Rico46 14🇸🇲 San Marino46 15🇰🇷 South Korea46 16🇷🇴 Romania46 17🇱🇻 Latvia46 18🇱🇹 Lithuania45 19🇧🇬 Bulgaria45 20🇭🇷 Croatia45 21🇸🇭 Saint Helena45 22🇪🇪 Estonia45 23🇬🇬 Guernsey45 24🇦🇹 Austria45 25🇺🇦 Ukraine45 26🇮🇲 Isle of Man45 27🇭🇺 Hungary45 28🇧🇦 Bosnia & Herzegovina45 29🇹🇼 Taiwan45 30🇱🇮 Liechtenstein44 31🇨🇿 Czechia44 32🇨🇭 Switzerland44 33🇷🇸 Serbia44 34🇧🇲 Bermuda44 35🇲🇹 Malta44 36🇫🇮 Finland43 37🇻🇮 Virgin Islands43 38🇵🇱 Poland43 39🇸🇰 Slovakia43 40🇨🇦 Canada43 41🇫🇷 France43 42🇨🇺 Cuba43 43🇲🇴 Macau43 44🇳🇱 Netherlands42 45🇩🇰 Denmark42 46🇧🇾

Charted: EU Emigrants by Country

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12 seconds ago

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June 9, 2024 Graphics/Design:

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Charted: EU Emigrants by Country

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.

Immigration into the EU has been a hot topic since 2011. In fact, in several EU countries, immigrants make up nearly one-fifth of the population. But what of the EU’s emigration patterns?

We chart out the number of EU emigrants by their country of citizenship in 2022. Data for this visualization is sourced from Eurostat.

Which EU Country Had the Most Emigrants in 2022?

Germany and Spain had the highest number of emigrants in the EU in 2022, both measuring more than half a million people.

Interestingly, while German emigrants prefer moving to Switzerland and Austria, Spanish migrants often end up in Germany.

Here’s a full list of 27 EU member states and their emigration numbers in 2022, both as number of people and as a percentage of the population. Data for Switzerland, Norway, and Liechtenstein has also been included for context, but is not part of the visualization, nor contributes to the overall EU number.

RankCountryEmigrants (2022)% of Population (2022) 1🇩🇪 Germany533,4850.64% 2🇪🇸 Spain531,8891.11% 3🇫🇷 France249,3550.37% 4🇵🇱 Poland228,0060.62% 5🇷🇴 Romania202,3111.06% 6🇮🇹 Italy150,1890.25% 7🇨🇭 Switzerland*122,1231.39% 8🇳🇱 Netherlands109,6160.62% 9🇧🇪 Belgium84,6270.72% 10🇬🇷 Greece80,3070.77% 11🇦🇹 Austria74,2710.82% 12🇩🇰 Denmark62,9271.07% 13🇮🇪 Ireland61,1331.19% 14🇭🇺 Hungary58,4080.61% 15🇸🇪 Sweden50,5920.48% 16🇭🇷 Croatia46,2871.20% 17🇳🇴 Norway*32,5360.60% 18🇨🇿 Czech Republic31,7640.30% 19🇵🇹 Portugal30,9540.30% 20🇸🇮 Slovenia20,9560.99% 21🇨🇾 Cyprus17,9581.43% 22🇱🇺 Luxembourg17,2272.64% 23🇱🇻 Latvia16,6800.89% 24🇫🇮 Finland15,6350.28% 25🇱🇹 Lithuania15,2700.54% 26🇧🇬 Bulgaria13,1750.20% 27🇲🇹 Malta13,1662.48% 28🇪🇪 Estonia9,6570.72% 29🇸🇰 Slovakia4,4680.08% 30🇱🇮 Liechtenstein*4801.22% N/A🇪🇺 EU2,730,3130.61%
*Not in the EU, but part of the European Free Trade Area or the European Economic area. Emigrants counted by country of citizenship, not birth.

As a percentage of the population, Malta and Luxembourg had slightly more than

Mapped: The Top Export in Each EU Country

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13 seconds ago

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May 20, 2024

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The Top European Union Exports by Country

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.

The European Union (EU) exports over $6 trillion in products annually. The bloc boasts a diversified economy that encompasses fuel and mineral industries, cars, vaccines, and technology.

In this map, we display European Union countries’ top exports as of 2022. Data for the map was sourced from The Observatory of Economic Complexity.

Cars and Petroleum Dominate EU Exports

Belgium, Bulgaria, Croatia, Finland, Greece, Lithuania, Sweden, and the Netherlands have petroleum gas or refined petroleum as their top export product.

The Netherlands exported $68.1 billion worth of refined petroleum in 2022, ranking third among the largest exporters globally. The country is home to BP Rotterdam Refinery, the biggest oil refinery in Europe.

CountryTop Export (2022)Value (USD Billions) 🇦🇹 AustriaCars$7.7B 🇧🇪 BelgiumPetroleum Gas$54.7B 🇧🇬 BulgariaRefined Petroleum$3.5B 🇭🇷 CroatiaRefined Petroleum$1.5B 🇨🇾 CyprusPassenger and Cargo Ships$1.3B 🇨🇿 Czech RepublicCars$25.5B 🇩🇰 DenmarkPackaged Medicines$15.9B 🇪🇪 EstoniaElectricity$1.1B 🇫🇮 FinlandRefined Petroleum$6.9B 🇫🇷 FrancePlanes, Helicopters, and/or Spacecraft$26.6B 🇩🇪 GermanyCars$149.0B 🇬🇷 GreeceRefined Petroleum$16.4B 🇭🇺 HungaryCars$12.3B 🇮🇪 IrelandVaccines$47.3B 🇮🇹 ItalyPackaged Medicines$34.4B 🇱🇻 LatviaSawn Wood$1.2B 🇱🇹 LithuaniaRefined Petroleum$5.5B 🇱🇺 LuxembourgIron blocks$1.6B 🇲🇹 MaltaIntegrated Circuits$1.1B 🇳🇱 NetherlandsRefined Petroleum$68.1B 🇵🇱 PolandCars (parts & accessories)$15.3B 🇵🇹 PortugalCars$4.4B 🇷🇴 RomaniaCars$6.7B 🇸🇰 SlovakiaCars$26.9B 🇸🇮 SloveniaPackaged Medicines$12.5B 🇪🇸 SpainCars$33.6B 🇸🇪 SwedenRefined Petroleum$12.9B

Besides petroleum, automobiles (and automobile parts) significantly contribute to the EU economy. Austria, Czech Republic, Germany, Hungary, Portugal, Poland, Romania, Slovakia, and Spain have automotive products as their top exports.

With well-known car brands such as Volkswagen, BMW, Mercedes-Benz, Audi, and Porsche, Germany alone generates around $150 billion per year from car exports.

Other products help diversify the EU economy. France’s top export is planes, helicopters, and/or spacecraft, while Italy and Denmark excel in the packaged medicines industry. Ireland has a

Mapped: Europe’s GDP Per Capita, by Country

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15 seconds ago

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May 6, 2024 Graphics/Design:

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Mapped: Europe’s GDP Per Capita, by Country (2024)

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.

Europe is home to some of the largest and most sophisticated economies in the world. But how do countries in the region compare with each other on a per capita productivity basis?

In this map, we show Europe’s GDP per capita levels across 44 nations in current U.S. dollars. Data for this visualization and article is sourced from the International Monetary Fund (IMF) via their DataMapper tool, updated April 2024.

Europe’s Richest and Poorest Nations, By GDP Per Capita

Luxembourg, Ireland, and Switzerland, lead the list of Europe’s richest nations by GDP per capita, all above $100,000.

RankCountryGDP Per Capita (2024) 1🇱🇺 Luxembourg$131,380 2🇮🇪 Ireland$106,060 3🇨🇭 Switzerland$105,670 4🇳🇴 Norway$94,660 5🇮🇸 Iceland$84,590 6🇩🇰 Denmark$68,900 7🇳🇱 Netherlands$63,750 8🇸🇲 San Marino$59,410 9🇦🇹 Austria$59,230 10🇸🇪 Sweden$58,530 11🇧🇪 Belgium$55,540 12🇫🇮 Finland$55,130 13🇩🇪 Germany$54,290 14🇬🇧 UK$51,070 15🇫🇷 France$47,360 16🇦🇩 Andorra$44,900 17🇲🇹 Malta$41,740 18🇮🇹 Italy$39,580 19🇨🇾 Cyprus$37,150 20🇪🇸 Spain$34,050 21🇸🇮 Slovenia$34,030 22🇪🇪 Estonia$31,850 23🇨🇿 Czech Republic$29,800 24🇵🇹 Portugal$28,970 25🇱🇹 Lithuania$28,410 26🇸🇰 Slovakia$25,930 27🇱🇻 Latvia$24,190 28🇬🇷 Greece$23,970 29🇭🇺 Hungary$23,320 30🇵🇱 Poland$23,010 31🇭🇷 Croatia$22,970 32🇷🇴 Romania$19,530 33🇧🇬 Bulgaria$16,940 34🇷🇺 Russia$14,390 35🇹🇷 Türkiye$12,760 36🇲🇪 Montenegro$12,650 37🇷🇸 Serbia$12,380 38🇦🇱 Albania$8,920 39🇧🇦 Bosnia & Herzegovina$8,420 40🇲🇰 North Macedonia$7,690 41🇧🇾 Belarus$7,560 42🇲🇩 Moldova$7,490 43🇽🇰 Kosovo$6,390 44🇺🇦 Ukraine$5,660 N/A🇪🇺 EU Average$44,200
Note: Figures are rounded.

Three Nordic countries (Norway, Iceland, Denmark) also place highly, between $70,000-90,000. Other Nordic peers, Sweden and Finland rank just outside the top 10, between $55,000-60,000.

Meanwhile, Europe’s biggest economies

The Most Valuable Companies in Major EU Economies

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36 seconds ago

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May 1, 2024 Graphics/Design:

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Most Valuable Companies in the EU, by Country

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 this graphic, we mapped out the most valuable corporations in 11 major EU economies, based on their market capitalizations as of April 15th, 2024. All figures are in USD, and were sourced from Companiesmarketcap.com.

Novo Nordisk is currently worth more than $550 billion, making it Europe’s most valuable company by a wide margin. The pharmaceutical giant specializes in diabetes and weight-loss drugs. Demand for two of them, Ozempic and Wegovy, has surged due to their weight-loss capabilities, even causing nationwide shortages in the United States.

The following table includes an expanded list of the most valuable publicly-traded company in larger EU economies. Many of these were not included in the graphic due to space limitations.

CountryCompanySectorMarket Cap 🇩🇰 Denmark💊 Novo NordiskPharmaceuticals$562B 🇫🇷 France👜 LVMHLuxury Goods$422B 🇳🇱 Netherlands🔧 ASMLSemiconductor Equipment$382B 🇩🇪 Germany💼 SAPEnterprise Software$214B 🇮🇪 Ireland🖥️ AccentureIT Services$197B 🇪🇸 Spain👗 InditexRetail$147B 🇧🇪 Belgium🍻 Anheuser-Busch InBevBeverages$116B 🇸🇪 Sweden🛠️ Atlas CopcoIndustrial Equipment$80B 🇮🇹 Italy🏎️ FerrariAutomotive$76B 🇫🇮 Finland🏦 Nordea BankBanking$40B 🇦🇹 Austria🔌 Verbund AGEnergy$26B 🇱🇺 Luxembourg🏗️ TenarisOil & Gas Equipment$22B 🇨🇿 Czech Republic💡 CEZ GroupEnergy$20B 🇵🇱 Poland⛽ PKN OrlenEnergy$20B 🇵🇹 Portugal🔌 EDP GroupEnergy$16B 🇬🇷 Greece🏦 EurobankBanking$7B 🇭🇺 Hungary⛽ MOL GroupEnergy$7B 🇭🇷 Croatia🏦 Zagrebacka BankaBanking$6B 🇷🇴 Romania⛽ RomgazEnergy$4B 🇸🇮 Slovenia💊 KrkaPharmaceuticals$4B
Note: Figures are rounded and last updated on April 15th, 2024. Countries with top publicly-traded companies worth under $4 billion are excluded.

Luxury supergiant LVMH—which owns brands like Tiffany, Christian Dior, and TAG Heuer to name a few—is Europe’s second largest company by market cap, at $420 billion.

Rounding out the top three is ASML, which produces equipment crucial to chip manufacturers, worth $380 billion.

When looking at the region, there is a vast disparity between EU member states and their most valuable companies.

For example,