How People Around the World Feel About Their Economic Prospects
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How People Around the World Feel About Their Economic Prospects

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Economic prospects of people around the world

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The Briefing

  • Economic prospects are at an all-time low in nine countries, including the U.S., Canada, Germany, Japan, and China
  • China and the U.S. experienced the biggest year-over-year drops, at -8 p.p. and -6 p.p., respectively

How Countries Feel About Their Economic Prospects

Each year, the Edelman Trust Barometer report helps gauge the level of trust people place in various systems of power.

The report is also a useful tool to gauge the general mood in countries around the world—and when it comes to how people in developed economies feel about the near future, there’s a very clear answer: pessimistic. In fact, optimism about respondents’ economic prospects fell in the majority of countries surveyed.

Here’s a full look how many respondents in 28 countries feel they and their families will be doing better over the next five years. Or, put more simply, what percentage of people are optimistic about their economic circumstances?

Country% who are optimisticAll-time low?Change from 2021 (p.p.)
🇯🇵 Japan15%-1
🇫🇷 France18%-1
🇩🇪 Germany22%-2
🇮🇹 Italy27%0
🇳🇱 Netherlands29%-1
🇬🇧 UK30%+2
🇷🇺 Russia31%+1
🇨🇦 Canada34%-1
🇪🇸 Spain36%+1
🇰🇷 South Korea39%+6
🇺🇸 U.S.40%-6
🇦🇺 Australia41%-2
🇮🇪 Ireland42%-1
🇸🇬 Singapore43%-1
🌐 Global51%0
🇲🇾 Malaysia55%0
🇦🇷 Argentina60%-2
🇹🇭 Thailand60%-2
🇨🇳 China64%-8
🇿🇦 South Africa66%-2
🇲🇽 Mexico68%-1
🇧🇷 Brazil73%0
🇸🇦 Saudi Arabia73%0
🇦🇪 UAE78%+6
🇮🇳 India80%0
🇮🇩 Indonesia81%+11
🇨🇴 Colombia83%-1
🇳🇬 Nigeria87%n/a
🇰🇪 Kenya91%-2

Interestingly, nine countries (those with checkmarks above) are polling at all-time lows for economic optimism in survey history.

Whose Glass is Half Empty?

Japanese respondents were the most pessimistic, with only 15% seeing positive economic prospects in the near term. Only 18% of French respondents were economically optimistic.

While most developed economies were slightly more optimistic than Japan and France, all are still well below the global average.

As tensions between China and the U.S. continue to heat up in 2022, there is one thing that can unite citizens in the two countries—a general feeling that economic prospects are souring. As the U.S. heads into midterm elections and China’s 20th National Party Congress takes place, leaders in both countries will surely have the economy on their minds.

Whose Glass is Half Full?

Of course, the mood isn’t all doom and gloom everywhere. The United Arab Emirates saw a 6 percentage point (p.p.) jump in their population’s economic prospects.

Indonesia saw an 11 p.p. increase, and in big developing economies like Brazil and India, the general level of optimism is still quite high.

In some ways, it’s no surprise that people in developing economies are more optimistic about their economic prospects. Living standards are generally rising in many of these countries, and more opportunities open up as the economy grows. Even in the most pessimistic African country surveyed, South Africa, the majority of people still see improving circumstances in their near future. In Kenya and Nigeria, an overwhelming majority are optimistic.

Diverging Outcomes

One major prediction that experts agreed on for the year ahead is that economic outcomes will begin to diverge between countries with differing levels of vaccine access.

While this doesn’t seem to have affected attitudes towards economic optimism yet, it remains to be seen how this will play out as the year progresses.

Where does this data come from?

Source: 2022 Edelman Trust Barometer

Data notes: This data is derived from Edelman’s annual Trust Barometer survey, which includes 30,000+ respondents in countries around the world.

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Visualizing Companies with the Most Patents Granted in 2021

Companies around the world invest billions in R&D to provide cutting-edge innovation to their products and services.

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companies with the most patents

The Briefing

  • In 2021, the U.S. Patent and Trademark Office (USPTO) granted a total of 327,798 utility patents
  • For almost three decades, IBM has been granted more patents each year than any other U.S. company

Visualizing Companies with the Most Patents Granted in 2021

Companies around the world invest billions in R&D to provide cutting-edge innovation to their products and services. In order to protect these investments, companies apply for patents. Therefore, the number of utility patents a company is granted can be considered a rough measure of its level of innovation.

Every year, the Patent 300 List identifies America’s most innovative companies within the intellectual property space by analyzing the patents granted by the United States Patent and Trademark Office (USPTO).

In 2021, the USPTO granted a total of 327,798 utility patents, down 7% from the previous year. Let’s take a look at which companies generated the most patents in 2021.

RankCountryCompany/Organization2021
Patents
Change
from 2020
1🇺🇸 U.S.International Business Machines Corporation8,540-9%
2🇰🇷 South KoreaSamsung Electronics Co., Ltd.8,5170%
3🇰🇷 South KoreaLg Corporation4,388-13%
4🇯🇵 JapanCanon K.K.3,400-8%
5🇨🇳 ChinaHuawei Technologies Co., Ltd.2,955-7%
6🇺🇸 U.S.Intel Corporation2,835-14%
7🇹🇼 TaiwanTaiwan Semiconductor Mfg. Co. Ltd.2,807-3%
8🇯🇵 JapanToyota Jidosha K.K.2,753-2%
9🇺🇸 U.S.Raytheon Technologies Corporation2,694-16%
10🇯🇵 JapanSony Corporation2,624-9%

For 29 consecutive years, IBM has led U.S. companies in the number of patents received annually. In 2021, the company received 8,540 patents, a 9% decline from the previous year.

IBM’s innovations are focused on solving major global challenges, and cover areas such as sustainable growth, climate change, and preventing future pandemics, as well as initiatives enabling food and energy security. They aim to address these problems through a blend of high-performance computing, artificial intelligence (AI), and quantum computing.

One of IBM’s most noteworthy innovations in 2021 was their new quantum processor called Eagle, which broke the 100-qubit barrier to bring quantum computing into a new era. This processor has the ability to solve problems that classical computers can’t, giving it the potential to bring real-world benefits to different fields from renewable energy to finance and more.

Samsung: A Close Second Innovator

Samsung Electronics is one of the biggest innovators over the last decade. In 2021, the company got 8,517 patents granted by the USPTO, a close second to IBM.

The company’s patent-winning innovations take place in several areas, including virtual and augmented reality (VR/AR), artificial intelligence and machine learning (AI/ML), 5G technologies, and autonomous driving.

The Technology Sector Dominates Utility Patents

Unsurprisingly, out of the top 25 companies with the most patents granted in 2021, 16 of them belong to the technology sector.

However, utility patents are not only limited to tech companies.

In fact, companies from all sectors apply for patents every year. Patents are great assets for companies since they give them exclusive commercial rights for their inventions and protect them from competition. This is one of the main reasons we see companies getting thousands of new patents every year.

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Russia Has Been Suspended From the UN Human Rights Council

Here’s how the global community voted on the resolution: In favor – 93 | Abstained – 58 | Against – 24

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Visualization showing Russia's suspension from UN Human Rights Council. 93 countries voted for the resolution, 24 against

The Briefing

  • 93 countries voted in favor of suspending Russia from the UN’s Human Rights Council, including all NATO member countries
  • 24 countries voted against the resolution, including; China, Iran, and North Korea

Russia Has Been Suspended From the UN Human Rights Council

On April 7, 2022, the United Nations suspended Russia from its seat on the Human Rights Council.

This suspension comes amid growing condemnation of Russia over alleged civilian murders committed by Russian troops in Ukraine. Widely distributed videos appear to show the bodies of civilians scattered along the streets in the Ukrainian town of Bucha.

To be approved, the resolution required a two-thirds majority of assembly members that vote “yes” or “no”. Here is a complete list of how countries voted:

CountryVoteNATO MemberFormer Soviet Union
🇦🇩 AndorraIn favor
🇦🇫 Afghanistan--
🇦🇬 Antigua and BarbudaIn favor
🇦🇱 AlbaniaIn favor
✔️
🇦🇲 Armenia--
✔️
🇦🇴 AngolaAbstained
🇦🇷 ArgentinaIn favor
🇦🇹 AustriaIn favor
🇦🇺 AustraliaIn favor
🇦🇿 Azerbaijan--
✔️
🇧🇧 BarbadosAbstained
🇧🇩 BangladeshAbstained
🇧🇪 BelgiumIn favor
✔️
🇧🇫 Burkina Faso--
🇧🇬 BulgariaIn favor
✔️
🇧🇭 BahrainAbstained
🇧🇮 BurundiAgainst
🇧🇯 Benin--
🇧🇳 Brunei DarussalamAbstained
🇧🇴 BoliviaAgainst
🇧🇷 BrazilAbstained
🇧🇸 BahamasIn favor
🇧🇹 BhutanAbstained
🇧🇼 BotswanaAbstained
🇧🇾 BelarusAgainst
✔️
🇧🇿 BelizeAbstained
🇨🇦 CanadaIn favor
✔️
🇨🇩 Dem. Republic of the CongoIn favor
🇨🇫 Central African RepublicAgainst
🇨🇬 Republic of the CongoAgainst
🇨🇭 SwitzerlandIn favor
🇨🇮 Côte d’IvoireIn favor
🇨🇱 ChileIn favor
🇨🇲 CameroonAbstained
🇨🇳 ChinaAgainst
🇨🇴 ColombiaIn favor
🇨🇷 Costa RicaIn favor
🇨🇺 CubaAgainst
🇨🇻 Cabo VerdeAbstained
🇨🇾 CyprusIn favor
🇨🇿 Czech RepublicIn favor
✔️
🇩🇪 GermanyIn favor
✔️
🇩🇯 Djibouti--
🇩🇰 DenmarkIn favor
✔️
🇩🇲 DominicaIn favor
🇩🇴 Dominican RepublicIn favor
🇩🇿 AlgeriaAgainst
🇪🇨 EcuadorIn favor
🇪🇪 EstoniaIn favor
✔️
✔️
🇪🇬 EgyptAbstained
🇪🇷 EritreaAgainst
🇪🇸 SpainIn favor
✔️
🇪🇹 EthiopiaAgainst
🇫🇮 FinlandIn favor
🇫🇯 FijiIn favor
🇫🇲 MicronesiaIn favor
🇫🇷 FranceIn favor
✔️
🇬🇦 GabonAgainst
🇬🇩 GrenadaIn favor
🇬🇪 GeorgiaIn favor
✔️
🇬🇭 GhanaAbstained
🇬🇲 GambiaAbstained
🇬🇳 Guinea--
🇬🇶 Equatorial Guinea--
🇬🇷 GreeceIn favor
✔️
🇬🇹 GuatemalaIn favor
🇬🇼 Guinea-BissauAbstained
🇬🇾 GuyanaAbstained
🇭🇳 HondurasIn favor
🇭🇷 CroatiaIn favor
✔️
🇭🇹 HaitiIn favor
🇭🇺 HungaryIn favor
✔️
🇮🇩 IndonesiaAbstained
🇮🇪 IrelandIn favor
🇮🇱 IsraelIn favor
🇮🇳 IndiaAbstained
🇮🇶 IraqAbstained
🇮🇷 IranAgainst
🇮🇸 IcelandIn favor
✔️
🇮🇹 ItalyIn favor
✔️
🇯🇲 JamaicaIn favor
🇯🇴 JordanAbstained
🇯🇵 JapanIn favor
🇰🇪 KenyaAbstained
🇰🇬 KyrgyzstanAgainst
✔️
🇰🇭 CambodiaAbstained
🇰🇮 KiribatiIn favor
🇰🇲 ComorosIn favor
🇰🇳 Saint Kitts and NevisAbstained
🇰🇵 North KoreaAgainst
🇰🇷 South KoreaIn favor
🇰🇼 KuwaitAbstained
🇰🇿 KazakhstanAgainst
✔️
🇱🇦 LaosAgainst
🇱🇧 Lebanon--
🇱🇨 Saint LuciaIn favor
🇱🇮 LiechtensteinIn favor
🇱🇰 Sri LankaAbstained
🇱🇷 LiberiaIn favor
🇱🇸 LesothoAbstained
🇱🇹 LithuaniaIn favor
✔️
✔️
🇱🇺 LuxembourgIn favor
✔️
🇱🇻 LatviaIn favor
✔️
✔️
🇱🇾 LibyaIn favor
🇲🇦 Morocco--
🇲🇨 MonacoIn favor
🇲🇩 MoldovaIn favor
✔️
🇲🇪 MontenegroIn favor
✔️
🇲🇬 MadagascarAbstained
🇲🇭 Marshall IslandsIn favor
🇲🇰 North MacedoniaIn favor
✔️
🇲🇱 MaliAgainst
🇲🇲 MyanmarIn favor
🇲🇳 MongoliaAbstained
🇲🇷 Mauritania--
🇲🇹 MaltaIn favor
🇲🇺 MauritiusIn favor
🇲🇻 MaldivesAbstained
🇲🇼 MalawiIn favor
🇲🇽 MexicoAbstained
🇲🇾 MalaysiaAbstained
🇲🇿 MozambiqueAbstained
🇳🇦 NamibiaAbstained
🇳🇪 NigerAbstained
🇳🇬 NigeriaAbstained
🇳🇮 NicaraguaAgainst
🇳🇱 NetherlandsIn favor
✔️
🇳🇴 NorwayIn favor
✔️
🇳🇵 NepalAbstained
🇳🇷 NauruIn favor
🇳🇿 New ZealandIn favor
🇴🇲 OmanAbstained
🇵🇦 PanamaIn favor
🇵🇪 PeruIn favor
🇵🇬 Papua New GuineaIn favor
🇵🇭 PhilippinesIn favor
🇵🇰 PakistanAbstained
🇵🇱 PolandIn favor
✔️
🇵🇹 PortugalIn favor
✔️
🇵🇼 PalauIn favor
🇵🇾 ParaguayIn favor
🇶🇦 QatarAbstained
🇷🇴 RomaniaIn favor
✔️
🇷🇸 SerbiaIn favor
🇷🇺 RussiaAgainst
✔️
🇷🇼 Rwanda--
🇸🇦 Saudi ArabiaAbstained
🇸🇧 Solomon Islands--
🇸🇨 SeychellesIn favor
🇸🇩 SudanAbstained
🇸🇪 SwedenIn favor
🇸🇬 SingaporeAbstained
🇸🇮 SloveniaIn favor
✔️
🇸🇰 SlovakiaIn favor
✔️
🇸🇱 Sierra LeoneIn favor
🇸🇲 San MarinoIn favor
🇸🇳 SenegalAbstained
🇸🇴 Somalia--
🇸🇷 SurinameAbstained
🇸🇸 South SudanAbstained
🇸🇹 Sao Tome and Principe--
🇸🇻 El SalvadorAbstained
🇸🇾 SyriaAgainst
🇸🇿 EswatiniAbstained
🇹🇩 ChadIn favor
🇹🇬 TogoAbstained
🇹🇭 ThailandAbstained
🇹🇯 TajikistanAgainst
✔️
🇹🇱 Timor LesteIn favor
🇹🇲 Turkmenistan--
✔️
🇹🇳 TunisiaAbstained
🇹🇴 TongaIn favor
🇹🇷 TurkeyIn favor
✔️
🇹🇹 Trinidad and TobagoAbstained
🇹🇻 TuvaluIn favor
🇹🇿 TanzaniaAbstained
🇺🇦 UkraineIn favor
✔️
🇺🇬 UgandaAbstained
🇦🇪 United Arab EmiratesAbstained
🇬🇧 United KingdomIn favor
✔️
🇺🇸 United StatesIn favor
✔️
🇺🇾 UruguayIn favor
🇺🇿 UzbekistanAgainst
✔️
🇻🇨 St Vincent and the GrenadinesAbstained
🇻🇪 Venezuela--
🇻🇳 VietnamAgainst
🇻🇺 VanuatuAbstained
🇼🇸 SamoaIn favor
🇾🇪 YemenAbstained
🇿🇦 South AfricaAbstained
🇿🇲 Zambia--
🇿🇼 ZimbabweAgainst
🏴󠁢󠁡󠁢󠁩󠁨󠁿 Bosnia and HerzegovinaIn favor

Not surprisingly, all NATO countries voted in favor of suspending Russia from the Council. This includes Turkey, which has taken a more neutral stance than other allies since the invasion began. Altogether, 93 countries voted for the resolution.

On the other side, 24 countries voted against the resolution. China is perhaps the most significant “no” vote, citing a lack of openness and transparency in the process. Of course, Russia itself voted against the resolution.

A number of countries abstained from voting, most notably, India. Leading up to the vote, Moscow indicated that even an abstention would be viewed as an “unfriendly gesture” with consequences for bilateral ties.

This suspension adds to the list of actions taken against Russia—including heavy sanctions—as the country becomes more isolated from the international community—particularly Western nations.

What Does the UN Human Rights Council Do?

The United Nations Human Rights Council (UNHRC) is a UN body whose mission is to promote and protect human rights around the world.

The Council investigates breaches of human rights in UN member states and member countries address big picture human rights issues.

How Does the UN Human Rights Council Work?

The Council consists of 47 members, elected yearly by the General Assembly for staggered three-year terms.

Using the UN regional grouping system, members are selected to represent a diverse and fair mix of countries from around the world. Until its suspension, Russia was one of the two countries representing Eastern Europe, along with Ukraine.

Members are eligible for re-election for one additional term, after which they relinquish their seat.

Where does this data come from?

Source: The United Nations

Correction: An earlier version of this graphic had a Colombian flag in the “abstain” section. It has been replaced with the correct flag, Cambodia. Austria was also erroneously grouped with NATO countries.

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