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Visualizing the State of Democracy, by Country

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Visualizing the State of Democracy, by Country

Visualizing the State of Democracy, by Country

View the full-sized interactive version of this infographic by clicking here

From Norway to North Korea, governing systems differ around the world. But has the world become more or less free in the past decade?

This visualization from Preethi Lodha demonstrates how democracy levels of 167 countries have changed since 2006. The original data comes from the Democracy Index, which is compiled annually by the Economist Intelligence Unit.

Four Levels of Democracy

First, it’s important to understand the classifications made by the Democracy Index.

Based on answers to 60 questions across a nation’s electoral process, civil liberties, government functions, political participation and political culture, countries are assigned a range of scores in the Democracy Index.

Based on these scores, a nation automatically falls into one of the following four types of governance. Here’s which category fits the bill, depending on the range of scores:

Governance TypeDescriptionExampleDemocracy Index Score
Authoritarian RegimeNations which exhibit frequent
infringements of civil liberties,
unfair elections, and rampant censorship.
🇨🇳 China
🇰🇵 North Korea
🇦🇪 UAE
0.0-3.99
Hybrid RegimeNations with regular electoral
fraud, corruption, and low
political participation,
and suppressed opposition.
🇰🇪 Kenya
🇵🇰 Pakistan
🇹🇷 Turkey
4.0-5.99
Flawed DemocracyNations with fair elections,
underdeveloped political
participation and culture,
with minor issues in civil liberty
and government functions.
🇧🇷 Brazil
🇮🇳 India
🇺🇸 U.S.
6.0-7.99
Full DemocracyNations where political freedoms
are respected with limited
problems, governmental
checks and balances,
and diverse media exist.
🇦🇺 Australia
🇨🇦 Canada
🇳🇴 Norway
8.0-10.0

One thing that stands out is that many hybrid regimes and flawed democracies are also considered high potential emerging markets, but are held back by their political instability.

Notable Improvements

In recent times, public demonstrations have been a major cause behind increases in Democracy Index scores and changes in governance classifications.

Algeria moved from authoritarian to hybrid regime in 2019, the only country in the Arab region to do so in the index. This came after sustained protests against the previous president, Abdelaziz Bouteflika—who had served for 20 years.

Chile experienced similar turmoil, for the better. After a spike in the scale of middle class unrest over inequality and unfair policies in late 2019, the political participation moved it up from a flawed to full democracy.

Sliding Countries

The U.S. has one of the oldest democracies in the world. However, it was downgraded from a full to a flawed democracy as of the 2016 index, a status that had been “teetering” since before then, according to the report that year.

Venezuela dropped into an authoritarian regime in 2017, and it doesn’t seem to be improving anytime soon. The state was found to use the COVID-19 pandemic as an excuse to crack down on any dissent against the government.

Global Change in Democracy Levels

All in all, the average global democracy score worldwide emerged at 5.48 in 2019, although it’s clear that certain countries pull this value towards the opposite extremes.

North Korea, an authoritarian regime with a 1.08 score, has remained consistently one of the lowest ranked countries in the index. Meanwhile, its alphabetical successor Norway steadily keeps up its high score streak, with 9.87 being the best example of a full democracy in 2019.

Here’s how many countries made up each system of governance over the years, and the global Democracy Index score for that year.

YearAuthoritarianHybrid Flawed DemocracyFull DemocracyScore
2006553353265.52
2008523552285.55
2010573153265.46
2011543553255.49
2012523753255.52
2013514051255.53
2014523952245.55
2015523659205.55
2016514057195.52
2017523957195.48
2018533955205.48
2019543754225.48

Authoritarian regimes peaked in 2010 with 57 countries, whereas the full democracy category peaked in 2008 with 28 countries.

Since 2006, the average global score has slid from 5.52 to 5.48, and the total of countries categorized under full democracy decreased from 26 to 22.

Does this signal an increasingly divided world? And will the global pandemic—which is already delaying elections—have a further pronounced effect on backsliding these democracy scores?

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Gold

Comparing Recent U.S. Presidents: New Debt Added vs. Precious Metals Production

While gold and silver coin production during U.S. presidencies has declined, public debt continues to climb to historically high levels.

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Gold and Silver Coin Production During U.S. Presidencies

Recent U.S. Presidents: Debt vs. Coins Added

While precious metals can’t be produced out of thin air, U.S. debt can be financed through central bank money creation. In fact, U.S. debt has skyrocketed in recent years under both Democrat and Republican administrations.

This infographic from Texas Precious Metals compares the increase in public debt to the value of gold and silver coin production during U.S. presidencies.

Total Production by Presidential Term

We used U.S. public debt in our calculations, a measure of debt owed to third parties such as foreign governments, corporations, and individuals, while excluding intragovernmental holdings. To derive the value of U.S. minted gold and silver coins, we multiplied new ounces produced by the average closing price of gold or silver in each respective year.

Here’s how debt growth stacks up against gold and silver coin production during recent U.S. presidencies:

 Obama's 1st term (2009-2012)Obama's Second Term (2013-2016)Trump's term (2017-Oct 26 2020)
U.S. Silver Coins Minted$3.7B$3.3B$1.4B
U.S. Gold Coins Minted$6.7B$5.1B$2.9B
U.S. Public Debt Added$5.2T$2.9T$6.6T

Over each consecutive term, gold and silver coin production decreased. In Trump’s term so far, the value of public debt added to the system is almost 1,600 times higher than minted gold and silver coins combined.

During Obama’s first term and Trump’s term, debt saw a marked increase as the administrations provided fiscal stimulus in response to the global financial crisis and the COVID-19 pandemic. As we begin to recover from COVID-19, what might debt growth look like going forward?

U.S. Public Debt Projections

As of September 30, 2020, the end of the federal government’s fiscal year, debt had reached $21 trillion. According to estimates from the Congressional Budget Office, it’s projected to rise steadily in the future.

 2021P2022P2023P2024P2025P2026P2027P2028P2029P2030P
U.S. Public Debt21.9T23.3T24.5T25.7T26.8T27.9T29.0T30.4T31.8T33.5T
Debt-to-GDP ratio104.4%105.6%106.7%107.1%107.2%106.7%106.3%106.8%107.4%108.9%

By 2030, debt will have risen by over $12 trillion from 2020 levels and the debt-to-GDP ratio will be almost 109%.

It’s worth noting that debt will likely grow substantially regardless of who is elected in the 2020 U.S. election. Central estimates by the Committee for a Responsible Federal Budget show debt rising by $5 trillion under Trump and $5.6 trillion under Biden through 2030. These estimates exclude any COVID-19 relief policies.

What Could This Mean for Investors?

As the U.S. Federal Reserve creates more money to finance rising government debt, inflation could eventually be pushed higher. This could affect the value of the U.S. dollar.

On the flip side, gold and silver have a limited supply and coin production has decreased over the last three presidential terms. Both can act as an inflation hedge, while playing a role in wealth preservation.

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Politics

Mapped: The Countries With the Most Military Spending

Global military spending surpassed $1.9 trillion in 2019, but nearly 75% of this total can be traced to just 10 countries.

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Mapped: The Countries With the Most Military Spending

Whether it’s fight or flight, there’s a natural tendency of humans to want to protect themselves.

In this day and age, this base instinct takes the form of a nation’s expenditures on armies and armaments, towards an end goal of global security and peacekeeping.

This graphic from the Stockholm International Peace Research Institute (SIPRI) delves into the top military spenders as of 2019.

Top 10 Biggest Military Spenders

Let’s first take a look at the overall growth trends. The world’s military spending grew by 3.6% year-over-year (YoY)—currently the highest rate this decade—to surpass $1.9 trillion in 2019.

While just 10 countries are responsible for nearly 75% of this amount, the U.S. alone made up the lion’s share with 38% of the global total. In fact, its YoY rise in spending alone of $49.2 billion rivals Germany’s entire spending for the same year.

Naturally, many questions rise about where this money goes, including the inevitable surplus of military equipment, from night vision goggles to armored vehicles, that trickles down to law enforcement around the nation.

Here’s how world’s top 10 military spenders compare against each other:

CountryMilitary Spending ('19)YoY % changeMilitary Spending as % of GDP ('19)
U.S. 🇺🇸$731.8B+5.3%3.4%
China 🇨🇳$261.1B+5.1%1.9%
India 🇮🇳$71.1B+6.8%2.4%
Russia 🇷🇺$65.1B+4.5%3.9%
Saudi Arabia 🇸🇦$61.2B-16.0%8.0%
France 🇫🇷$50.1B+1.6%1.9%
Germany 🇩🇪$49.3B+10.0%1.3%
UK 🇬🇧$48.7B0.0%1.7%
Japan 🇯🇵$47.6B-0.1%0.9%
South Korea 🇰🇷$43.9B+7.5%2.7%
Global Total$1.92T+3.6%2.2%

China and India, currently embroiled in a border dispute, have upped the ante for military spending in Asia. India is also involved in clashes with its neighbor Pakistan for territorial claim over Kashmir—one of the most contested borders in the world.

India’s tensions and rivalry with both Pakistan and China are among the major drivers for its increased military spending.

—Siemon T. Wezeman, SIPRI Senior Researcher

Germany leads among the top spenders in terms of highest YoY military spending increases. According to SIPRI, this is a preemptive measure in the face of perceived growing Russian threats.

These concerns may not be unfounded, considering that Russia comes in fourth for defense expenditures on the global stage—and budgets more towards military spending than any country in Europe, at 3.9% of its total GDP.

Military Spending as a Share of GDP

Looking more closely at the numbers, it’s clear that some nations place a higher value on defense than others. A country’s military expenses as a share of GDP is the most straightforward expression of this.

How do the biggest spenders change when this measure is taken into consideration?

Military Spending by GDP Share

Eight of the 15 countries with the highest military spending as a percentage of GDP are concentrated in the Middle East, with an average allocation of 4.5% of a nation’s GDP.

It’s worth noting that data is missing for various countries in the Middle East, such as Yemen, which has been mired in a civil war since 2011. While SIPRI estimates that combined military spending in the region fell by 7.5% in 2019, these significant data gaps mean that such estimates may not in fact line up with the reality.

Explore the full data set of all available countries below.

Country2019 Spending, US$B2019 Share of GDP
U.S.$731.753.4%
China$261.081.9%
India$71.132.4%
Russia$65.103.9%
Saudi Arabia$61.878.0%
France$50.121.9%
Germany$49.281.3%
UK$48.651.7%
Japan$47.610.9%
South Korea$43.892.7%
Italy$26.791.4%
Australia$25.911.9%
Canada$22.201.3%
Israel$20.475.3%
Turkey$20.452.7%
Spain$17.181.2%
Iran$12.622.3%
Netherlands$12.061.3%
Poland$11.902.0%
Singapore$11.213.2%
Taiwan$10.421.7%
Algeria$10.306.0%
Pakistan$10.264.0%
Colombia$10.083.2%
Kuwait$7.715.6%
Indonesia$7.670.7%
Iraq$7.603.5%
Thailand$7.321.3%
Norway$7.001.7%
Oman$6.738.8%
Mexico$6.540.5%
Sweden$5.921.1%
Greece$5.472.6%
Ukraine$5.233.4%
Switzerland$5.180.7%
Romania$4.952.0%
Belgium$4.820.9%
Denmark$4.561.3%
Portugal$4.511.9%
Bangladesh$4.361.3%
Finland$3.971.5%
Malaysia$3.771.0%
Egypt$3.741.2%
Morocco$3.723.1%
Philippines$3.471.0%
South Africa$3.471.0%
Austria$3.240.7%
Argentina$3.140.7%
New Zealand$2.931.5%
Czechia$2.911.2%
Brazil$2.731.5%
Peru$2.731.2%
Lebanon$2.524.2%
Bulgaria$2.133.2%
Jordan$2.034.7%
Hungary$1.901.2%
Slovakia$1.871.8%
Nigeria$1.860.5%
Azerbaijan$1.854.0%
Ecuador$1.772.3%
Kazakhstan$1.771.1%
Sri Lanka$1.671.9%
Angola$1.471.6%
Bahrain$1.413.7%
Uruguay$1.222.0%
Kenya$1.151.2%
Chile$1.151.8%
Serbia$1.142.2%
Ireland$1.110.3%
Lithuania$1.082.0%
Croatia$1.011.7%
Tunisia$1.002.6%
Tanzania$0.801.3%
Belarus$0.781.2%
Sudan$0.721.6%
Latvia$0.712.0%
Armenia$0.674.9%
Estonia$0.662.1%
Uganda$0.652.1%
Dominican Republic$0.620.7%
Cambodia$0.602.3%
Bolivia$0.601.4%
Slovenia$0.571.1%
Zimbabwe$0.550.7%
Ethiopia$0.550.6%
Côte d’Ivoire$0.541.1%
Botswana$0.522.8%
Mali$0.472.7%
Luxembourg$0.430.6%
Nepal$0.431.6%
Cameroon$0.421.1%
Paraguay$0.421.0%
Brunei$0.423.3%
Namibia$0.413.0%
Honduras$0.401.6%
Cyprus$0.401.6%
Burkina Faso$0.362.4%
DRC$0.350.7%
Senegal$0.351.5%
Guatemala$0.340.4%
El Salvador$0.321.2%
Georgia$0.322.0%
Republic of Congo$0.302.7%
Zambia$0.291.2%
Gabon$0.271.6%
Jamaica$0.271.6%
Chad$0.242.2%
Ghana$0.230.4%
Afghanistan$0.231.2%
Albania$0.201.3%
Guinea$0.202.0%
Bosnia-Herzegovina$0.180.9%
Niger$0.171.8%
Togo$0.173.1%
Trinidad & Tobago$0.170.7%
Mauritiana$0.162.8%
North Macedonia$0.151.2%
Mozambique$0.140.9%
Krygyzstan$0.121.5%
Guyana$0.121.7%
Rwanda$0.121.2%
Mongolia$0.100.7%
Montenegro$0.091.6%
eSwatini$0.091.8%
South Sudan$0.093.4%
Malta$0.800.6%
Fiji$0.081.6%
Nicaragua$0.080.7%
Papua New Guinea$0.080.4%
Madagascar$0.080.6%
Benin$0.070.7%
Malawi$0.070.9%
Kosovo$0.070.8%
Burundi$0.061.8%
Lesotho$0.041.5%
Moldova$0.040.4%
Timor-Leste$0.031.0%
Central African Republic$0.031.5%
Sierra Leone$0.030.7%
Seychelles$0.021.3%
Belize$0.021.2%
Mauritius$0.020.2%
Liberia$0.020.5%
Gambia$0.010.8%
Cape Verde$0.010.5%
Haiti$00.0%
Costa Rica$00.0%
Iceland$00.0%
Panama$00.0%

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