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As of August 2024, Meta's Threads held the record among selected online platforms and services for reaching a total of 100 million users. The social media platform achieved the milestone in just two days. ChatGPT surpassed the 100 million user threshold in just two months, and video app TikTok surpassed the 100 million followers mark in nine months.
The statistic shows the 20 countries with the lowest fertility rates in 2024. All figures are estimates. In 2024, the fertility rate in Taiwan was estimated to be at 1.11 children per woman, making it the lowest fertility rate worldwide.
Fertility rate
The fertility rate is the average number of children born per woman of child-bearing age in a country. Usually, a woman aged between 15 and 45 is considered to be in her child-bearing years. The fertility rate of a country provides an insight into its economic state, as well as the level of health and education of its population.
Developing countries usually have a higher fertility rate due to lack of access to birth control and contraception, and to women usually foregoing a higher education, or even any education at all, in favor of taking care of housework. Many families in poorer countries also need their children to help provide for the family by starting to work early and/or as caretakers for their parents in old age.
In developed countries, fertility rates and birth rates are usually much lower, as birth control is easier to obtain and women often choose a career before becoming a mother. Additionally, if the number of women of child-bearing age declines, so does the fertility rate of a country. As can be seen above, countries like Hong Kong are a good example for women leaving the patriarchal structures and focusing on their own career instead of becoming a mother at a young age, causing a decline of the country’s fertility rate. A look at the fertility rate per woman worldwide by income group also shows that women with a low income tend to have more children than those with a high income. The United States are neither among the countries with the lowest, nor among those with the highest fertility rate, by the way. At 2.08 children per woman, the fertility rate in the US has been continuously slightly below the global average of about 2.4 children per woman over the last decade.
Moutai was the leading spirits brand worldwide with a total brand value amounting to about 50 billion U.S. dollars in 2024. Wuliangye, another Chinese brand, was the second most valuable at 25.9 billion dollars in the same year.
Diageo
Diageo is operating in the global alcoholic beverage segment and makes well-known brands such as Smirnoff vodka, Johnnie Walker Scotch whisky, Baileys liqueur and Guinness stout. The product portfolio is derived of beer, wine and spirits and the alcoholic beverages are sold in more than 180 countries. The British company is headquartered in London, UK and was founded through the merger of Guinness and Grand Metropolitan in 1997. The firm’s name was created by a branding consultancy and consists of a combination of the Latin term ‘dies’, which means day, and the Greek word ‘geo’, meaning world. The chosen name is meant to reflect that the company’s products bring pleasure everyday and everywhere.
Scotch accounted for the largest net sales share of Diageo worldwide in 2014. Within the category, Johnnie Walker was the best-selling Scotch whisky in the world. The brand’s key markets include the United States, Global Travel Asia & Middle East, Brazil, Mexico, China, Thailand, South Africa and Taiwan. According to the 2014 Impact Databank ranking of the top 100 spirits brands, Diageo claimed the first two spots. Johnnie Walker continued to be the world’s number one spirit based on value and became the number two based on volume sales. Smirnoff remained the global leading spirit brand based on volume and the number two based on generated value.
Car loan interest rates in the United States decreased in July and August 2024. Thus, the period of rapidly rising interest rates, when they increased from less than four percent in February 2022 to 7.9 percent two years later, has come to an end. The Federal Reserve interest rate is one of the main causes of the interest rates of loans rising or falling. If inflation stays under control, the Federal Reserve will start cutting the interest rates, which would have the effect of the cost of car loans falling too.
Car financing exists because not everyone who wants or needs a car can purchase it outright. A financial institution will then lend the money to the customer for purchasing the car, which must then be repaid with interest. Most new vehicles in the United States in 2023 were purchased using car loans. It is not as common to use car loans for purchasing used vehicles as for new ones, although over a third of used vehicles were purchased using loans.
The car financing business is huge in the United States, due to the high sales of both new and used vehicles in the country. A lot of the United States is very car-centric, which means that, outside large cities, it can often be difficult to do their daily commutes through other transportation methods. In fact, only a small percentage of U.S. workers used public transport to go to work. That is one of the factors that has helped establish the importance of the automotive sector in North America. Nevertheless, there are still countries in Asia-Pacific, Africa, the Middle East, and Europe with higher car-ownership rates than the United States.
The most popular quadcopters or drones in the world are produced by Da-Jiang Innovations, popularly known by the trade name DJI. The company offers camera models for hobbyists and professionals alike, with their most basic model, DJI Mini 4 Pro retailing at 759 U.S. dollars to their high-end model, DJI Inspire 3 at 16,499 U.S. dollars in the United States.
In July 2024, China's crude steel production amounted to around 83 million metric tons, which remained steady compared to the same time in the previous year. The production volume in December 2023 hit the lowest point since 2017.
Over the past two decades, the Chinese steel industry has increased its output significantly and has grown into the world’s largest crude steel-producing country, accounting for over half of the global production in 2022. Among the leading ten global steelmakers in 2022, six companies were from China. These large state-owned enterprises have dominated the Chinese steel industry. Baowu Group alone produced about 132 million metric tons of raw steel in 2022.
With a total land area of 9.6 million square kilometers, China is one of the largest countries worldwide and in possession of large mineral deposits. China was by far the leading hard coal-producing country worldwide, with a hard coal production volume of almost 3.8 billion metric tons in 2021. China has been the world’s largest aluminum producer with a total smelter production of over 40 million metric tons of aluminum in 2023. Also, China has the world’s largest reserves of zinc, antimony and many other nonferrous metals. Its annual rare earth production far exceeded the total for the rest of the world since the beginning of the decade.
As of July 2024, shopee.sg was the most visited e-commerce retail website in Singapore, with around 13.2 million monthly web visits. Shopee is followed by the Singapore based e-commerce provider Lazada and Amazon with about six million and five million visits, respectively.
Shopee was founded by Sea limited in 2015 and is popular for being the first mobile centric online marketplace in Southeast Asia. The company started out as a marketplace for other retailers to sell their goods over the unified platform with almost no fees for the merchants. Through their risky but successful business strategy, Shopee is now available in almost all Southeast Asian countries and one of the main competitors of Lazada.
Lazada - Alibaba in Southeast AsiaLazada was founded by Rocket Internet in 2012 and has set itself the goal of becoming “Southeast Asia’s next Amazon”. After four successful years, the company was sold to Alibaba with a market value of approximately two billion U.S. dollars. Since then, Alibaba has tried to steadily expand its market share. Lazada is now operating in six countries: Indonesia, Malaysia, Singapore, Thailand, Vietnam, and the Philippines.
In the presented European countries, the homeownership rate extended from 42 percent in Switzerland to as much as 96 percent in Albania. Countries with more mature rental markets, such as France, Germany, the UK and Switzerland, tended to have a lower homeownership rate compared to the frontier countries, such as Lithuania or Slovakia. The share of house owners among the population of all 27 European countries has remained relatively stable over the past few years.
Average cost of housingCountries with lower homeownership rates tend to have higher house prices. In 2023, the average transaction price for a house was notably higher in Western and Northern Europe than in Eastern and Southern Europe. In Austria - one of the most expensive European countries to buy a new dwelling in - the average price was three times higher than in Greece. Looking at house price growth, however, the most expensive markets recorded slower house price growth compared to the mid-priced markets.
Housing supplyWith population numbers rising across Europe, the need for affordable housing continues. In 2023, European countries completed between one and six housing units per 1,000 citizens, with Ireland, Poland, and Denmark responsible heading the ranking. One of the major challenges for supplying the market with more affordable homes is the rising construction costs. In 2021 and 2022, housing construction costs escalated dramatically due to soaring inflation, which has had a significant effect on new supply.
Bayern Munich was the German Bundesliga club with the highest market value in the 2024/25 season. The record German champions boasted a squad valued at over 943 million euros.
Supermarket giant the Woolworths Group had the highest presence across Australia’s leading supermarket and convenience store chains as of June 2024, with around 2,245 locations across its network, including Woolworths Supermarkets, Ampol Woolworths, and EG Ampol locations. Its grocery retail rival, the Coles Group, came in second, with over 1,535 locations nationwide, encompassing Coles Supermarkets and Coles Express. American convenience store chain 7-Eleven also makes its mark, with an extensive number of stores in Australia. European supermarkets, Aldi and Spar, have also expanded their networks over the past two decades, slowly eating away at Woolworths, Coles, and Metcash’s grocery retail market share.
Australia’s supermarket scene is oligopolistic; the top four companies, Woolworths, Coles, Metcash (IGA), and Aldi control over 80 percent of the country’s grocery retail market share, with around 65 percent held by Woolworths and Coles alone. In 2024, the Australian Competition and Consumer Commission (ACCC) began its inquiry into the country’s supermarket sector to review pricing and competitive practices following price gouging allegations against Australia’s leading grocery retailers. Alongside the ACCC investigation, consumer advocacy group CHOICE started to create government-funded price transparency and comparison reports, such as average grocery basket price evaluations, to deliver in-depth insights to customers to help them save money amid excessive price increases.
According to a 2024 survey, around 58 percent of Australian consumers perceive the pricing of groceries and related products as unfair, with almost seven in 10 expressing that they felt these products had continued to become costlier since 2023. Convenience, familiarity with a particular store’s layout, and collecting reward points were the key reasons to shop exclusively at a supermarket chain among Australian consumers in a 2023 survey. Nonetheless, as grocery costs across the country climb, several consumers' grocery retailer loyalties are being tested. Consumers increasingly shop across various stores or switch to a different supermarket chain to save money and take advantage of price promotions.
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