Markets
Visualizing Corruption Around the World
Visualizing Corruption Around the World
Growing levels of public sector corruption can stifle a country’s economic growth while also chipping away at political freedom.
Which parts of the world are perceived to be most corrupt – and further, how does this data differ between regions, and how has it trended over time?
The Corruption Perception Index (CPI)
Today’s chart pulls its numbers from the recent 2018 Corruption Perceptions Index report, which has been published by Transparency International annually since 1995. The report scores 180 countries, and is considered the world’s most widely-used barometer for corruption.
However, before we dive in to the data, it’s worth taking a quick look at the methodology behind the report:
Methodology:
- The CPI attempts to measure perceptions about corruption in a country, rather than corruption itself
- Specifically, it is focused on the public sector of countries, which includes governments and government-run institutions
- The CPI is a composite index, using the results from 13 separate reports and surveys to calculate an overall score
- Scores range from 0 (most corrupt) to 100 (most clean)
Finally, it’s also worth noting that in the chart, we’ve added in government types as rated by the Economist Intelligence Unit – they range from “Full Democracy” to “Autocratic Regime”.
The Most and Least Corrupt Places
What do experts and businesspeople see as the most and least corrupt global regions?
Region | Average Score (CPI) |
---|---|
Western Europe & EU | 66 |
Americas | 44 |
Asia Pacific | 44 |
Middle East & North Africa | 39 |
Eastern Europe & Central Asia | 35 |
Sub-Saharan Africa | 32 |
Global | 43 |
Western Europe has the highest score on average, while Sub-Saharan Africa has the lowest (most corrupt) average score. The Americas ranks just above the global average score of 43, mainly because the average is skewed by the lower scores of many countries in Latin America (such as Venezuela) and the Caribbean (such as Haiti).
Now, let’s look at the top 10 countries overall:
Rank | Country | Score (CPI) | Government type | Region |
---|---|---|---|---|
#1 | Denmark | 88 | Full democracy | Western Europe & EU |
#2 | New Zealand | 87 | Full democracy | Asia Pacific |
#3 | Finland | 85 | Full democracy | Western Europe & EU |
#3 | Singapore | 85 | Flawed democracy | Asia Pacific |
#3 | Sweden | 85 | Full democracy | Western Europe & EU |
#3 | Switzerland | 85 | Full democracy | Western Europe & EU |
#7 | Norway | 84 | Full democracy | Western Europe & EU |
#8 | Netherlands | 82 | Full democracy | Western Europe & EU |
#9 | Canada | 81 | Full democracy | Americas |
#9 | Luxembourg | 81 | Full democracy | Western Europe & EU |
Here’s also a look at the world’s 20 most populous countries:
As the report notes, the relation between democracy and corruption appears to be quite clear: the more democratic a regime is, the less corrupt it is perceived to be. Using the Economist Intelligence Unit rankings, there are no “Hybrid” or “Autocratic” regimes that come anywhere near the top 10.
The closest may be the U.A.E. – which is classified as an Autocratic Regime – which has a CPI score of 70, good for 23rd place globally.
Trends Over Time
Over the last seven years, the report notes that there were a few specific countries that have consistently trended in one direction or another.
Hungary: The country has seen a -9 point change to its CPI score since 2012, dropping to 46 points in total. That’s just a notch above the global average.
Turkey: Turkey’s rating has deteriorated from 49 to 41 over the 2012-2018 time period.
Argentina: The South American nation has seen its score rise by eight points over the 2012-2018 time period.
Guyana: Guyana has gained nine points – a significant improvement over its original score of 28 at the start of that time period.
What will be the next country to jump up (or down) the list – and what factors will lead to this change in perception?
Note: The color-coding on the map has been updated to better reflect CPI scores. Ukraine was incorrectly classified as an Autocratic Regime.
Markets
Will Tesla Lose Its Spot in the Magnificent Seven?
We visualize the recent performance of the Magnificent Seven stocks, uncovering a clear divergence between the group’s top and bottom names.
Will Tesla Lose Its Spot in the Magnificent Seven?
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 visualize the year-to-date (YTD) performance of the “Magnificent Seven”, a leading group of U.S. tech stocks that gained prominence in 2023 as the replacement of FAANG stocks.
All figures are as of March 12, 2024, and are listed in the table below.
Rank | Company | YTD Change (%) |
---|---|---|
1 | Nvidia | 90.8 |
2 | Meta | 44.3 |
3 | Amazon | 16.9 |
4 | Microsoft | 12 |
5 | 0.2 | |
6 | Apple | -6.7 |
7 | Tesla | -28.5 |
From these numbers, we can see a clear divergence in performance across the group.
Nvidia and Meta Lead
Nvidia is the main hero of this show, setting new all-time highs seemingly every week. The chipmaker is currently the world’s third most valuable company, with a valuation of around $2.2 trillion. This puts it very close to Apple, which is currently valued at $2.7 trillion.
The second best performer of the Magnificent Seven has been Meta, which recently re-entered the trillion dollar club after falling out of favor in 2022. The company saw a massive one-day gain of $197 billion on Feb 2, 2024.
Apple and Tesla in the Red
Tesla has lost over a quarter of its value YTD as EV hype continues to fizzle out. Other pure play EV stocks like Rivian and Lucid are also down significantly in 2024.
Meanwhile, Apple shares have struggled due to weakening demand for its products in China, as well as the company’s lack of progress in the artificial intelligence (AI) space.
Investors may have also been disappointed to hear that Apple’s electric car project, which started a decade ago, has been scrapped.
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