The world economy is complex, but today’s series of maps will allow you to simplify your understanding of the relative wealth of people around the globe.
Global Finance Magazine recently collated data from the World Bank on Gross National Income (GNI) per capita for 204 countries.
Each country was placed in one of four groups:
Low income: $1,045 or less
Lower-middle income: $1,046 to $4,125
Upper-middle income: $4,126 to $12,745
High income: $12,746 or more
The good people at HowMuch.net, a cost information site, helped to transform this information on the richest and poorest countries into the following visuals:
The Richest and Poorest Countries
Based on the data of 204 countries, below is a breakdown of the number of countries that fall within each of the four income groups listed above.
- Low income: 17%
- Lower-middle income: 25%
- Upper-middle income: 26%
- High income: 32%
As a side note, the World Bank has recently revised the poverty line to US$1.90 per day using 2011 PPP, which is equal to an income of $693.50 per year. This was mainly due to rising food prices.
Mapped: The Dramatic Global Rise of Urbanization (1950–2020)
Few global trends have matched the profound impact of urbanization. Today’s map looks back at 70 years of movement in over 1,800 cities.
The Dramatic Global Rise of Urbanization (1950–2020)
In the 21st century, few trends have matched the economic, environmental, and societal impact of rapid urbanization.
A steady stream of human migration out of the countryside, and into swelling metropolitan centers, has shaken up the world’s power dynamic in just decades.
Today’s eye-catching map via Cristina Poiata from Z Creative Labs looks at 70 years of movement and urban population growth in over 1,800 cities worldwide. Where is the action?
Out of the Farms and Into the Cities
The United Nations cites two intertwined reasons for urbanization: an overall population increase that’s unevenly distributed by region, and an upward trend in people flocking to cities.
Since 1950, the world’s urban population has risen almost six-fold, from 751 million to 4.2 billion in 2018. In North America alone, significant urban growth can be observed in the video for Mexico and the East Coast of the United States as this shift takes place.
Over the next few decades, the rural population is expected to plateau and eventually decline, while urban growth will continue to shoot up to six billion people and beyond.
The Biggest Urban Hot-Spots
Urban growth is going to happen all across the board.
Rapidly rising populations in megacities and major cities will be significant contributors, but it’s also worth noting that the number of regional to mid-sized cities (500k to 5 million inhabitants) will swell drastically by 2030, becoming more influential economic hubs in the process.
Interestingly, it’s mainly cities across Asia and Africa — some of which Westerners are largely unfamiliar with — that may soon wield enormous influence on the global stage.
It’s expected that over a third of the projected urban growth between now and 2050 will occur in just three countries: India, China, and Nigeria. By 2050, it is projected that India could add 416 million urban dwellers, China 255 million, and Nigeria 189 million.
Urbanization and its Complications
Rapid urbanization isn’t only linked to an inevitable rise in city populations.
Some megacities are actually experiencing population contractions, in part due to the effects of low fertility rates in Asia and Europe. For example, while the Greater Tokyo area contains almost 38 million people today, it’s expected to shrink starting in 2020.
As rapid urbanization continues to shape the global economy, finding ways to provide the right infrastructure and services in cities will be a crucial problem to solve for communities and organizations around the world. How we deal with these issues — or how we don’t — will set the stage for the next act in the modern economic era.
How Much Student Debt Does Each State Hold?
Crippling student debt in the U.S. has reached a record high of $1.5 trillion nationwide. Today’s map breaks down which states bear the highest burden.
How Much Student Debt Does Each State Hold?
Education may be priceless, but the costs of obtaining it are becoming steeper by the day.
Almost half of all university-educated Americans rely on loans to pay for their higher education, with very few graduating debt-free. Total U.S. student debt has more than doubled in the last decade—reaching a record high of $1.5 trillion today.
Today’s data visualization from HowMuch.net breaks down the average student debt per capita, to uncover which states shoulder the highest burden in this growing crisis.
Students are Paying Through the Nose
Before diving into the graphic, let’s take a quick look at why student debt is racking up. The ballooning costs to attend college today compared to thirty years ago is one driving factor.
Source: The College Board 2018 report.
What’s more, these figures don’t include the expenses for accommodation and other supplies, which can add another $15,000-$17,000 per year.
The United States of Student Debt
In the state map above, it’s immediately obvious that Washington D.C. tops the list. While the nation’s capital is the most educated metropolitan area in the country, it also suffers from $13,320 in student debt per capita.
At approximately 147% above than the national average of $5,390, Washington D.C.’s debt burden per capita is almost double that of the state in second place. Georgia comes in with $7,250 debt per capita, 34.5% above the national average.
|State||Student Debt per Capita||Difference from Average|
|District Of Columbia||$13,320||147.1%|
Rounding out the five states with the most student debt per capita are Maryland, Minnesota, and Ohio, in that order. On the flip side, Wyoming has the least debt per capita ($3,610), which is 33.0% lower than the national average. Hawaii follows right behind at $3,780, and 29.9% below the national average.
Interestingly, a growing population on the West Coast helps to lower the debt burden for states like California, even despite the strong presence of prestigious schools. Home to Stanford, USC, UCLA, CalTech, and more, the Golden State surprisingly only has $4,530 in debt per capita.
The Last Straw?
Today’s Americans are more educated than ever before, but the sticker shock is causing some whiplash. This overall trend of spiraling student debt has significant implications on a person’s life trajectory. With many graduates unable to repay their loans on time, more of them are delaying major life milestones, such as starting a family or becoming a homeowner.
In efforts to curb this crisis, many 2020 presidential hopefuls have already started proposing plans to cancel or forgive student debt—with close attention on mid- to low-income households that would benefit the most from reduced loans.
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