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The World’s Largest Shipping Hubs

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World's Largest Shipping Hubs infographic

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The Briefing

  • The world’s 10 largest shipping hubs shipped 250 million TEUs (twenty foot equivalent units) in 2019
  • The Asia-Pacific dominates the landscape with 9 out of 10 shipping hubs located in that region

The World’s Largest Shipping Hubs (2005-2019)

As consumers, we often overlook the complexity and sheer size of global trade that is behind the goods and services we consume everyday.

Trade accounts for roughly 60% of global GDP—and emerging markets, particularly in the Asia Pacific region, have trade to thank in part for their economic growth in recent times.

When it comes to the movement of all these goods, shipping hubs are a crucial component of the trade ecosystem. The following data looks at the 10 largest global shipping hubs and their changes in throughput over time.

The 10 Largest Shipping Hubs (2005-2019, Thousands of TEUs)

Rank2005201020152019
1Singapore:
23,192
Shanghai:
29,069
Shanghai:
36,537
Shanghai:
43,303
2Hong Kong:
22,602
Singapore:
28,431
Singapore:
30,922
Singapore:
37,196
3Shanghai:
18,084
Hong Kong:
23,699
Shenzhen:
24,205
Ningbo-Zhoushan:
27,535
4Shenzhen:
16,197
Shenzhen:
22,510
Ningbo-Zhoushan:
20,627
Shenzhen:
25,769
5Busan:
11,843
Busan:
14,194
Hong Kong:
20,073
Guangzhou:
23,223
6Kaohsiung:
9,471
Ningbo-Zhoushan:
13,147
Busan:
19,469
Busan:
21,992
7Rotterdam:
9,288
Guangzhou:
12,546
Guangzhou:
17,625
Qingdao:
21,012
8Hamburg:
8,088
Qingdao:
12,012
Qingdao:
17,436
Hong Kong:
18,303
9Dubai:
7,619
Dubai:
11,600
Dubai:
15,592
Tianjin:
17,301
10Los Angeles:
7,485
Rotterdam:
11,148
Tianjin:
14,111
Rotterdam:
14,811

One of the biggest changes in recent years is the addition of the Yangshan Port in Shanghai. This massive port has already undergone four expansion phases since it opened in 2005.

Also noteworthy is Hong Kong’s falling position in this ranking. Only a decade ago, Hong Kong was the third-busiest port in the world. Today, facing fierce competition from nearby port facilities, Hong Kong sits in eighth place.

The Global Trade Machine

Trade and the transportation of goods and services are a fundamental component of the $88 trillion global economy. The value of all exports in 2019 was $24.9 trillion.

The Chinese economy continues to show immense strength, and the country is now the top trading partner of 128 countries around the world. China exported $2.6 trillion worth of goods last year, representing 18% of GDP and making them the largest exporter in the world. This economic prowess is also expressed through their enormous shipping hubs – 70% of the TEUs from the top 10 flow through China.

The aggregate volume of goods and services that move between the worlds largest shipping hubs has risen in relation to global trade figures over time, from 212 million TEUs in 2014 to 250 million in 2019.

Where does this data come from?

Source: Marine Department of Hong Kong
Notes: Latest data is as of 2019

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U.S. Military Spending vs Other Top Countries

The U.S. is well known for its enormous defense budget, but how does it compare to the rest of the world’s military spending?

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u.s. military spending

The Briefing

  • U.S. military spending surpassed $778 billion in 2020.
  • The U.S. spends more on its military than the next nine highest spending countries combined.

U.S. Military Spending vs Other Top Countries

The U.S. is well known for its immense military and defense spending. In 2020, the nation ranked #1 in the world in terms of military spending at $778 billion outpacing the next nine highest spenders, which came out to $703.6 billion combined.

One factor is the military–industrial complex (MIC) which feeds into the U.S.’ defense dominance, with a longstanding tradition of the defense and weapons industries working closely with the U.S. government and armed forces.

A Breakdown of U.S. Military Spending

So what are these billions being spent on?

The U.S. Department of Defense (DoD) laid out the spending plan when they made their 2020 budget proposal. It included a few main areas to invest in, including:

  • Air – $57.7 billion
  • Maritime – $34.7 billion
  • Ground systems – $14.6 billion
  • Space – $14.1 billion
  • Cyber – $6.9 billion

This is just the tip of the iceberg. The overall goal of the 2020 budget was to promote innovation and to strengthen competitive advantages to increase the military’s ‘readiness’ factor. Additionally, in an effort to sustain forces, a military pay raise of 3.1% was included.

Military Maintenance

Surprisingly, however, the U.S. actually does not have the largest military in the world in terms of personnel, and some of the other top 10 countries have larger or similarly sized militaries spread across different branches.

CountryActive MilitaryReserve MilitaryParamilitaryTotal Military
🇷🇺 Russia1,013,6282,572,5002,310,8595,896,987
🇺🇸 United States1,374,699845,0002,918,1615,137,860
🇮🇳 India1,440,0002,096,0001,585,9505,121,950
🇰🇷 South Korea599,0003,100,000900,0004,599,000
🇨🇳 China2,035,000510,0001,500,0004,045,000
🇫🇷 France202,70072,300103,400378,400
🇯🇵 Japan247,15056,00013,740316,890
🇸🇦 Saudi Arabia227,000024,500251,500
🇬🇧 United Kingdom150,25082,6500232,900
🇩🇪 Germany178,60027,900500207,000

Russia is only the fourth highest spender, but they have the largest military size of any of the top 10, at around 5.9 million personnel.

All of these countries have militaries that number in the hundreds of thousands to millions, and many are a part of treaties and alliances that require them to upkeep their armies and weaponry — but none spend half as much as the U.S.

To this day, the U.S. is actively involved in a number of overseas conflicts and maintains a large military force with millions of personnel. Spending on areas such as weaponry and wages is significant in order to maintain jobs, as well as national defense.

Where does this data come from?

Source: SIPRI.

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Tax-to-GDP Ratio: Comparing Tax Systems Around the World

Using the tax-to-GDP ratio, we compare the tax systems of 35 OECD countries. See which nations have the highest and lowest rates.

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The Briefing

  • The tax-to-GDP ratio measures a country’s tax revenue, relative to the size of its economy (measured by its Gross Domestic Product, or GDP)
  • A higher tax-to-GDP ratio means more money is going to government coffers, and in theory, public services like education and infrastructure
  • Out of 35 OECD countries, Denmark has the highest tax-to-GDP ratio at 46.3%, while Mexico ranks last at 16.5%

Tax-to-GDP Ratio: Comparing Tax Systems Around the World

Taxes are an important source of revenue for most countries. In fact, taxes provide around 50% or more of government funds in almost every country in the world.

How does each country’s tax system compare to one another? This question is tricky to answer. Since countries’ populations and economies differ greatly, measuring total tax revenue is not the best way to compare international tax systems.

Instead, using a tax-to-GDP ratio is one of the more useful ways to compare tax systems around the world.

What is the Tax-to-GDP Ratio?

The tax-to-GDP ratio compares a country’s tax revenue to the size of its economy, which in this case is measured by its GDP.

The higher the ratio, the higher the proportion of money that goes to government coffers. If managed effectively, this can support the long-term health and prosperity of an economy. According to research conducted by the International Monetary Fund, countries should have a tax-to-GDP ratio of at least 12% in order to experience accelerated economic growth.

The countries that are part of the Organisation for Economic Co-operation and Development (OECD) all meet that threshold, with an average tax-to-GDP ratio of 33.8%.

Ranked: The Tax-to-GDP Ratios of OECD countries

The dataset used for this graphic looks at 35 of the 37 OECD countries, since recent data for Australia and Japan was not available.

RankCountryTax Revenue as % of GDP
1🇩🇰 Denmark46.3%
2🇫🇷 France45.4%
3🇧🇪 Belgium42.9%
4🇸🇪 Sweden42.9%
5🇦🇹 Austria42.4%
6🇮🇹 Italy42.4%
7🇫🇮 Finland42.2%
8🇳🇴 Norway39.9%
9🇳🇱 Netherlands39.3%
10🇱🇺 Luxembourg39.2%
11🇩🇪 Germany38.8%
12🇬🇷 Greece38.7%
13🇸🇮 Slovenia37.7%
14🇮🇸 Iceland36.1%
15🇭🇺 Hungary35.8%
16🇵🇱 Poland35.4%
17🇨🇿 Czech Republic34.9%
18🇵🇹 Portugal34.8%
19🇸🇰 Slovak Republic34.7%
20🇪🇸 Spain34.6%
21🇨🇦 Canada33.5%
22🇪🇪 Estonia33.1%
23🇬🇧 United Kingdom33.0%
24🇳🇿 New Zealand32.3%
25🇱🇻 Latvia31.2%
26🇮🇱 Israel30.5%
27🇱🇹 Lithuania30.3%
28🇨🇭 Switzerland28.5%
29🇰🇷 South Korea27.4%
30🇺🇸 United States24.5%
31🇹🇷 Turkey23.1%
32🇮🇪 Ireland22.7%
33🇨🇱 Chile20.7%
34🇨🇴 Colombia19.7%
35🇲🇽 Mexico16.5%
OECD Average33.8%

At 46.3%, Denmark has the highest ratio on the list. The country puts its relatively high tax revenue to use, particularly when it comes to subsidizing post-secondary education—in Denmark, university is free for all EU citizens.

On the less-taxed end of the spectrum, the U.S. ranks 30 out of 35, with a ratio of 24.5%—that’s notably lower than the OECD average of 33.8%. It’s also worth mentioning that the U.S. has one of the highest GDP per capita measures out of all OECD countries.

Where does America’s tax revenue come from? It gains most of its revenue from the personal income tax. In fact, 41% of the country’s total tax revenue comes from taxes on personal income, as well as individual profits and gains—for context, the OECD average is 24%.

With President Biden’s recent announcement to increase corporate taxes and personal investment gains, America’s ratio could look a lot different in the near future.

>>Like this? You might find this article interesting, Unequal State Tax Burdens Across America

Where does this data come from?

Source: OECD
Details: This source uses 2019 provisional data to calculate each country’s tax-to-GDP ratio. For more information on methodology, read the full report by clicking here.

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