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Economy

Economy

Latest

Global rice exports hit record high but farmers face growing pressure
The global rice export landscape is reshaping under a flood of supply, shifting policies, and volatile markets. According to the striking graphic above, global exports reached 88.4 million tonnes, led overwhelmingly by India with more than 33 million tonnes.
Australia and China dominate global wool production
Australia and China remain the world’s top wool producers, according to recent figures from the International Wool Textile Organisation (IWTO). The data shows Australia leading with 356,745 tonnes of greasy wool, closely followed by China at 332,293 tonnes. Together, they account for nearly half of the world’s wool output.
Latin America's most expensive country revealed
Uruguay has the highest average monthly cost of living in Latin America at US$1,590, while Singapore remains the world's most expensive country overall with an average monthly living cost of US$3,840, according to international payments company Wise.
Which countries eat the most rice?
From Chinese fried rice to Senegalese jollof, rice features in almost every dish around the globe. Despite it being a staple in many countries, rice consumption levels differ across countries.

All from Economy

Here are the world’s biggest oil consumers
Oil remains the world’s most strategic commodity, and demand is heavily skewed toward a handful of nations. In 2025, the United States still tops the league, burning roughly 7.30 billion barrels of oil a year, while China comes in second at 5.53 billion barrels.
Indonesia tops global tax transparency ranking
Indonesia has been ranked the world's most transparent country for reporting tax expenditures, according to the latest Global Tax Expenditures Transparency Index (GTETI), overtaking South Korea to claim first place with a score of 79.9 out of 100.
Countries in the world with no income tax
In a world where taxes are highly considered necessary, there are still countries where individuals enjoy the benefits of earning salaries and wages without paying income taxes.
Global fish catch by ocean in metric tonnes
The global fish catch is a critical indicator of the health and productivity of our oceans, as well as a vital component of the world's food supply and economy.
ECB leads the world’s largest Central banks by assets
The European Central Bank (ECB) holds the world’s largest central bank balance sheet by total assets, underscoring the massive scale of monetary intervention carried out by major economies in recent years.
Nigeria leads race to $100 billion GDP as Africa’s economic growth story accelerates
Nigeria reached the $100 billion gross domestic product milestone faster than any other African country after independence, underscoring the scale and pace of economic expansion among several of the continent’s largest emerging markets over the past four decades.
Gulf currencies dominate list of world’s strongest currencies against the US dollar
Gulf currencies continue to dominate global rankings against the US dollar, with the Kuwaiti dinar maintaining its position as the world’s strongest currency by value, according to a visual analysis created by World Visualized in collaboration with Seasia Stats.

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