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Middle East: The Capital of Concentrated Wealth

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Middle East: The Capital of Concentrated Wealth and Oil

Middle East: The Capital of Concentrated Wealth

For much of history, the Middle East has been the capital of concentrated wealth. Whether it is oil, gold, or empires, the cradle of civilization has always been a place of opulence.

It all started early, with the Persian empire under Cyrus the Great. In the armory and treasury at Persepolis was a hefty 120,000 talents of bullion. That made the stash a sizable 115 million oz in total. The Umayyad Caliphate continued the trend by building the biggest empire at the time, which spanned from Spain and Morocco all the way to modern day Pakistan. That’s 5.1 million sq. miles.

Today, the Middle East still has concentrated wealth. The WSJ found that Middle East billionaire wealth grew 12.4% in 2013. Perhaps even more impressive: for every ten barrels of oil in world reserves, Middle Eastern countries in OPEC have eight. A country such as Kuwait, which is half the size of Maryland, has the 6th highest reserves in the world and is producing almost 3 million barrels a day.

Original infographic from: Master of Finance

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Energy

The World’s Biggest Nuclear Energy Producers

China has grown its nuclear capacity over the last decade, now ranking second on the list of top nuclear energy producers.

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A cropped chart breaking down the biggest nuclear energy producers, by country, in 2022.

The World’s Biggest Nuclear Energy Producers

This was originally posted on our Voronoi app. Download the app for free on Apple or Android and discover incredible data-driven charts from a variety of trusted sources.

Scientists in South Korea recently broke a record in a nuclear fusion experiment. For 48 seconds, they sustained a temperature seven times that of the sun’s core.

But generating commercially viable energy from nuclear fusion still remains more science fiction than reality. Meanwhile, its more reliable sibling, nuclear fission, has been powering our world for many decades.

In this graphic, we visualized the top producers of nuclear energy by their share of the global total, measured in terawatt hours (TWh). Data for this was sourced from the Nuclear Energy Institute, last updated in August 2022.

 

 

Which Country Generates the Most Nuclear Energy?

Nuclear energy production in the U.S. is more than twice the amount produced by China (ranked second) and France (ranked third) put together. In total, the U.S. accounts for nearly 30% of global nuclear energy output.

However, nuclear power only accounts for one-fifth of America’s electricity supply. This is in contrast to France, which generates 60% of its electricity from nuclear plants.

RankCountryNuclear Energy
Produced (TWh)
% of Total
1🇺🇸 U.S.77229%
2🇨🇳 China38314%
3🇫🇷 France36314%
4🇷🇺 Russia2088%
5🇰🇷 South Korea1506%
6🇨🇦 Canada873%
7🇺🇦 Ukraine813%
8🇩🇪 Germany652%
9🇯🇵 Japan612%
10🇪🇸 Spain542%
11🇸🇪 Sweden512%
12🇧🇪 Belgium482%
13🇬🇧 UK422%
14🇮🇳 India402%
15🇨🇿 Czech Republic291%
N/A🌐 Other2198%
N/A🌍 Total2,653100%

Another highlight is how China has rapidly grown its nuclear energy capabilities in the last decade. Between 2016 and 2021, for example, it increased its share of global nuclear energy output from less than 10% to more than 14%, overtaking France for second place.

On the opposite end, the UK’s share has slipped to 2% over the same time period.

Meanwhile, Ukraine has heavily relied on nuclear energy to power its grid. In March 2022, it lost access to its key Zaporizhzhia Nuclear Power Station after Russian forces wrested control of the facility. With six 1,000 MW reactors, the plant is one of the largest in Europe. It is currently not producing any power, and has been the site of recent drone attacks.

 

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