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Niger had the highest birth rate in the world in 2024, with a birth rate of 46.6 births per 1,000 inhabitants. Angola, Benin, Mali, and Uganda followed. Except for Afghanistan, all the 20 countries with the highest birth rates in the world were located in Sub-Saharan Africa.
High infant mortality
The reasons behind the high birth rates in many Sub-Saharan African countries are manyfold, but a major reason is that infant mortality remains high on the continent, despite decreasing steadily over the past decades, resulting in high birth rates to counter death rates. Moreover, many nations in Sub-Saharan Africa are highly reliant on small-scale farming, meaning that more hands are of importance. Additionally, polygamy is not uncommon in the region, and having many children is often seen as a symbol of status.
Fastest growing populations
As the high fertility rates coincide with decreasing death rates, countries in Sub-Saharan Africa have the highest population growth rates in the world. As a result, with Africa's population forecast to increase from 1.4 billion in 2022 to over 3.9 billion by 2100.
In the second quarter of 2024, online shoppers spent an average of about 2.78 U.S. dollars per visit across all verticals. Health and beauty is the category in which consumers spent the most money per visit on average, at 3.27 U.S. dollars, followed by home furniture at 3.09 dollars.
Over the past few years, the average order value for e-commerce purchases has increased globally, from around 118 U.S. dollars in September 2022 to around 126 U.S. dollars in the same month of 2023. The average order value also depends heavily on the online traffic source consumers use. In 2023, the value per order value was the highest when navigating directly, averaging around 167 dollars. Direct navigation means searching for a website directly in the browser's address bar, bypassing the use of search engines. Orders placed from social media stores were the lowest in value, with an average of less than 110 dollars.
Online shoppers have clear preferences when it comes to device type. When comparing gadgets, the average purchase amount has always been the highest for desktops, with an order value of 170 U.S. dollars. This indicates that bigger purchases are made via desktop computers. However, consumers are more likely to complete orders when shopping on mobile devices. Mobile devices were also clearly preferred when browsing retail websites, with around three-fourths of consumers using smartphones instead of desktops or tablets.
The PlayStation 2 was first released in 2000 in response to Sony's hugely popular original PlayStation. The PS2 has become the best-selling video game console of all time. As of October 2024, it had sold over 158 million units worldwide. The latest PlayStation 5 console has sold over 60 million units as of the most recently measured period. Nintendo's Switch is the only current-generation console among the five best-selling consoles of all time, with over 142.6 million units.
PlayStation is a Japanese video game brand produced by Sony Interactive Entertainment, a division of the Sony Corporation. The PlayStation video game console is the most widely known product under the PlayStation umbrella. The first-generation PlayStation console was released in Japan in December 1994, and worldwide the following year. Since then, Sony has released a further four generations of video game consoles - PlayStation 2, PlayStation 3, PlayStation 4, and the latest PlayStation 5 which was released in November 2020. Sony has also released two handheld video game consoles: the PlayStation Portable and the PlayStation Vita.
Nintendo registers three devices in the top five for all-time sales of video game consoles. Nintendo released its first series of home consoles in 1977 with the Color TV-Game. In 1983, the company released the Nintendo Entertainment System (NES), a console that has recorded close to 62 million lifetime sales globally. This was followed by the Super Nintendo Entertainment System (SNES), Nintendo 64 (N64), and Nintendo GameCube, respectively. In 2006, Nintendo released the Wii, the popular home console with motion control features. Nintendo’s latest home console, the Nintendo Switch, was first released in 2017.
As of October 2024, a travel deal involving a 154-night cruise trip around the world was the most expensive luxury cruise listed on Tripadvisor. A ticket for a journey on the Seven Seas Mariner ship, operated by Regent Seven Seas Cruises, cost nearly 97,000 U.S. dollars per person. A 116-night cruise trip on the same Regent Seven Seas Cruises' vessel followed in the ranking, costing around 96,000 U.S. dollars per person.
What are the leading luxury cruise brands worldwide?When looking at the passenger capacity of luxury cruise brands worldwide in 2023, Celebrity Cruises, owned by Royal Caribbean Cruises, reported a higher figure than cruise line Viking and Carnival Corporation & plc’s brand Cunard. That year, Celebrity Cruises also recorded the highest number of ships operated by luxury cruise brands worldwide, ahead of Groupe Artémis’ Ponant and Silverseas Cruises, also owned by Royal Caribbean.
How many people go on cruises every year?In 2023, the number of ocean cruise passengers worldwide increased sharply over the previous year, recovering from the impact of the COVID-19 pandemic. Overall, the volume of global cruise passengers peaked at over 30 million in 2023. This figure was forecast to grow further in 2024, reaching nearly 36 million.
In August 2024, the average yield on ten-year government bonds in the United States was equal to 3.87 percent. This was the highest of the selected developed economies considered in this statistic. The countries with the lowest yield were Germany and Japan, with 2.24 and 0.88 percent respectively.
Bonds and yields – additional information
The bond yield indicates the level of return that the investor can expect from a given type of bond. The government of Italy, for instance, offered the investors 3.63 percent yield on ten-year government bonds for borrowing their money in August 2024.
In the United States, government needs are also financed by selling various debt instruments such as Treasury bills, notes, bonds and savings bonds to investors. The largest holders of U.S. debt are Federal Reserve and Government accounts in the United States. The major foreign holders of the United States treasury securities are Japan, Mainland China, and the United Kingdom.
The average price for regular gasoline in the United States stood at 3.17 U.S. dollars per gallon on October 7, 2024. This compared to a diesel price of 3.57 U.S. dollars per gallon. Prices remained low, despite crude oil prices becoming more volatile.
When looking at the real price of gasoline over time, U.S. drivers had to pay notably more in the years between 2011 and 2014. The surge in prices noted throughout 2022 and partly for 2023, which followed supply constraints, was still lower in terms of real U.S. dollars.
The U.S. has some of the lowest conventional motor fuel prices in the world. Although fuel prices are usually higher in high-income countries, the U.S. profits from its position as the world’s largest crude oil producer and can keep retail prices for oil products comparatively low. For example, among high-income countries, prices for automotive premium gasoline (RON 95) were only lower in Russia and Saudi Arabia - countries where crude oil and oil product exports are in part restricted by sanctions, thus keeping domestic supply high.
In 2023, the annual per capita gross domestic product (GDP) in different provinces, municipalities, and autonomous regions in China varied from approximately 200,300 yuan in Beijing municipality to roughly 47,900 yuan in Gansu province. The average national per capita GDP crossed the threshold of 10,000 U.S. dollars in 2019 and reached around 89,400 yuan in 2023.
The level of economic development varies considerably in different parts of China. Four major geographic and economic regions can be discerned in the country: The economically advanced coastal regions in the east, less developed regions in Northeast and Central China, and the developing regions in the west. This division has deep historical roots reflecting the geography of each region and their political past and present. Furthermore, regional economic development closely correlates with regional urbanization rates, which closely resembles the borders of the four main economic regions.
Breaking the average income figures further down by province, municipality, or autonomous region reveals that the average disposable income in Shanghai or Beijing is on average more than three times higher than in Tibet or Gansu province. In rural areas, average disposable income is often only between one third and one half of that in urban areas of the same region. Accordingly, consumer expenditure per capita in urban areas reaches the highest levels in Shanghai, Beijing, and the coastal regions of China.
In October 2024, Shigeru Ishiba was the current prime minister of Japan. He took office on October 1, 2024, succeeding Fumio Kishida, who was in office for a total of 1,094 days, making him the third longest-serving prime minister since the beginning of the Heisei era, which started in January 8, 1989.
As of October 2024, Co-op Live in Manchester was the indoor arena with the largest audience capacity in the United Kingdom, being able to accommodate up to 23,500 visitors. Another indoor venue in Manchester, AO Arena, and The O2 Arena in London followed in the ranking, with a capacity of 23,000 and 20,000, respectively.
How big is the live music market in the UK?After a sharp decline with the onset of the COVID-19 pandemic, the estimated number of live music listeners in the United Kingdom bounced back in 2023, reaching nearly 18 million. That year, live music ticket sales revenue in the UK exceeded two billion U.S. dollars, and was forecast to surpass three billion U.S. dollars by 2028.
What are the most popular music festivals in Europe?The United Kingdom hosts the famous Glastonbury Festival, a five-day event organized in the village of Pilton, in England. With its 210,000 visitors, the Glastonbury was one of the most visited music festivals in Europe in 2023. That year, the Amsterdam Dance Event in the Netherlands and the Sziget Festival in Hungary reported some of the highest figures, welcoming around 500,000 and 420,000 people, respectively.
The house price-to-income ratio in Australia was 123.8 as of the second quarter of 2024. This ratio, calculated by dividing nominal house prices by nominal disposable income per head, increased from the previous quarter. The price-to-income ratio can be used to measure housing affordability in a specific area. A similar trend was seen for the house price-to-rent ratio in the same period.
Property bubble
There has been considerable debate over the past decade about whether Australia is in a property bubble or not. A property bubble refers to a sharp increase in the price of property that is disproportional to income and rental prices, followed by a decline. In Australia, rising house prices have undoubtedly been an issue for many potential homeowners. Along with the average house price, the average value of outstanding mortgages on residential dwellings has also continued to increase over the past 20 years.
Housing affordability
Housing affordability has varied across the different states and territories in Australia. In 2023, the median value of residential houses was the highest in Sydney compared to the other major Australian cities. Housing costs for Australian homeowners with a mortgage were around 15.5 percent of household income in financial year 2020. This share was higher for renters of private property in the same period.
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