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How Much
Yesterday, 6:51 am

Big companies around the world are reaping the benefits of a strong global economy, with many raking in hundreds of billions of dollars. Every year, Fortune Magazine publishes a ranking of the world’s largest companies by revenue. Our new visualization presents the top 100 companies to make the cut in 2019, including where the companies are located and which industries they represent.

 

  • Combined, the world’s top 100 companies generated more than $15 trillion in revenue.
  • There are 17 countries represented in the top 100 companies. 
  • More than half of the world’s 100 most valuable companies are located in the U.S. (35 companies) or China (23 companies). 
  • The world’s 100 most valuable companies are spread across a variety of industries, with particularly strong representation in energy, motor vehicles, and financial services.

The information for this visualization comes from the Fortune list of Global 500 companies, as ranked by revenue (see the full methodology here). We illustrated the top 100 of these companies in the chart above, with each octagon representing one company. Within each octagon, we included the company’s logo, its revenue, and the country where it is located. The size of each octagon in the visualization is proportional to the company’s revenue, with the larger shapes representing higher revenues. In addition, each company is outlined in a color that represents its industry sector, such as energy, food and retail, and technology.

Top 10 Most Valuable Companies by Revenue

1. Walmart - U.S. - $514 billion
2. Sinopec Group - China - $415 billion
3. Royal Dutch Shell - Netherlands - $397 billion
4. China National Petroleum - China - $393 billion
5. State Grid - China - $387 billion
6. Saudi Aramco - Saudi Arabia - $356 billion
7. BP - Britain - $304 billion
8. Exxon Mobil - U.S. - $290 billion
9. Volkswagen - Germany - $278 billion
10. Toyota Motor - Japan - $273 billion

According to Fortune, overall revenue for the Global 500 grew 9% compared to the year before. Decreases in national corporate taxes have been noted as a reason for higher revenues within U.S. companies, although the federal government is also bringing in less tax revenue as a result of the new tax policy. Earlier this year, analysts also predicted that even though U.S. companies were bringing in higher revenues, they could experience lower profit margins due to increases in cost for labor and raw materials. 

In addition, tariffs are having an impact on companies in the U.S. and around the world. Some new international tariffs such as the French digital services tax will not only affect company profits, especially in Silicon Valley, but they will also affect revenue. Furthermore, some economists suggest that Trump’s “America First” policies are discouraging foreign companies from investing in their U.S. operations. Big companies will be keeping a close eye on these policy developments to see how they will affect their bottom lines.

Did any of the companies on this list surprise you? Please let us know what you think in the comments.

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How Much
August 20, 2019

Ranking the Most Valuable Sports Teams: Is Your Team In?

We already know that professional sports is a major global industry, but not all sports franchises are equal. From the Dallas Cowboys to the New Orleans Saints, we put together a graphic to rank the top 50 most valuable sports teams around the world.

  • Traditional sports have large, dedicated fanbases, but eSports are on the rise. The forthcoming Fortnite Championship, for example, will have $10 million prize pool.
  • Though Football isn’t an international sport, Football franchises account for three of the top 10 most valuable sports teams in the world.
  • Pay gap issues continue to plague the sports industry and have come under additional scrutiny following the United States Women’s National Team World Cup win.
  • Several NBA teams have increased in value since last year. NBA franchises now take up nine spots in the list of top 50 most valuable sports franchises.

Every year, Forbes reveals its list of the world’s most valuable sports teams. We used this data to create an easy-to-read graphic demonstrating the world’s largest franchises.

Our graphic not only ranks the most valuable global sports teams, but also shows us the most valuable teams in each of the world’s major sports leagues, including the NFL, NBA, MLB, LaLiga, Premier League, and more.

Most Valuable Sports Teams in the World:

1. Dallas Cowboys: $5 billion
2. New York Yankees: $4.6 billion
3. Real Madrid: $4.24 billion
4. Barcelona: $4.02 billion
5. New York Knicks: $4 billion
6. Manchester United: $3.81 billion
7. New England Patriots: $3.8 billion
8. Los Angeles Lakers: $3.7 billion
9. Golden State Warriors: $3.5 billion
10. Los Angeles Dodgers: $3.3 billion

Despite not having won a championship in decades and not being a part of an international sports league, the Dallas Cowboys remain the world’s most valuable sports franchise at an astounding $5 billion.

But it’s not just the Cowboys. The NFL is the world’s most dominant league when it comes to the value of its franchises. More than half of the top 50 most valuable sports teams are football teams.

Aside from the NFL, the top 50 is made up mostly of the teams you would expect to see there, including major franchises like the New York Yankees, New York Knicks, Barcelona, Real Madrid, and more.

While traditional sports teams continue to dominate the sports industry, eSports is quickly rising in value and popularity. The Fortnite Championship Series, for example, will have more than $10 million in prize money up for grabs. It may not be too long before we see an eSports franchise take a spot on the list of most valuable sports teams.

By analyzing this graphic, we can get a better understanding of how much the world’s most popular sports teams are worth, and how much of an impact they have on the global economy.

Do you expect eSports to continue to increase in popularity, or do you think it’s just a fad? Are you surprised by any of the teams on this list? Let us know in the comment section

HowMuch.net is a cost information website 

For information on Hard Asset Alliance, click HERE

Website:  https://howmuch.net/

How Much
August 19, 2019

 

Owning a home is a major life milestone for many Americans. In order to afford a home, most people will need to take out a mortgage and pay it off over time. Mortgage debt has hit a new peak since the 2008 financial crisis, rising to $9.406 trillion in Q2 2019. Interestingly, residents of some states incur significantly more mortgage debt than residents in other states. Our latest visualization takes a closer look at how housing debt varies by state, as measured by mortgage balance per capita.

  • According to the New York Fed, the average mortgage debt per capita in the U.S. is $33.680. 
  • In general, states in the Northeast and the West have the highest mortgage debt per capita.
  • States in the South and Midwest tend to have lower-than-average mortgage debt per capita.
  • Washington D.C. has a mortgage debt per capita worth four times more than the mortgage debt per capita of West Virginia.

The data for this visualization comes from the New York Fed.  The mortgage information we used is from Q4 2018. In the map above, the size of each state is proportional to the amount of the mortgage debt per capita, with larger states representing higher mortgage balances. Similarly, states with higher mortgage balances per capita are shaded in dark orange or brown, and states with lower mortgage balances per capita are shaded in light orange.

Top 10 States with the Highest Mortgage Debt Balance Per Capita

1. District of Columbia - $63,430
2. California - $55,920
3. Hawaii - $54,980
4. Colorado - $53,250
5. Maryland - $51,590
6. Washington - $49,320
7. Virginia - $47,570
8. Massachusetts - $47,140
9. Utah - $43,310
10. Connecticut - $41,980

Despite rising mortgage debt, mortgage rates are close to historical lows. As a result, many homeowners are flocking to refinance their mortgages. Weekly mortgage refinances are skyrocketing, and retailers like Walmart are reaping the benefits of consumers spending the extra money in their pocket.

Although mortgage rates are low, they can’t compete with this brand new Danish mortgage proposal, in which banks will offer an interest rate mortgage of -0.5% a year. Yes, that is a negative number! In essence, this means that homeowners will pay back a lower amount than they were loaned. The effect of this new proposal on the Danish real estate market still remains to be seen.

If you are interested in purchasing a home or refinancing your mortgage, visit our cost guides for home loans or home refinancing. What do you think about recent changes in mortgage rates, or how mortgage debt varies by state? Please let us know in the comments section.

HowMuch.net is a cost information website 

For information on Hard Asset Alliance, click HERE

Website:  https://howmuch.net/

How Much
August 16, 2019

 

Currency Wars: Stacking up the World’s Largest Currencies

Money makes the world go ‘round. But, which currencies and assets make up most of the money supply? To find the answer, it takes a little more than looking at the total amount of currency in the world. The world’s money supply includes currency, cryptocurrency, precious metals, and any other liquid instruments circulating in the world’s economy.

To help get a better idea of the world’s money supply, we put together a visualization to show how much money is circulating throughout the world.

 

  • Central banks may be able to increase the money supply by cutting rates.
  • Gold is the largest contributor to the world’s currency at $8.7 trillion.
  • Cryptocurrency may stop central banks from altering the world’s money supply.
  • Changes in the money supply can have a significant impact on inflation and other variables of macroeconomics.

To find out how much money there is in the world, we took data from the FED and each country’s central bank. Using this data, we can see how much money is circulating in the world economy as well as which instruments contribute the most to the money supply.

The Most Valuable Currencies in Circulation

1. Gold: $8.7 trillion
2. U.S. Dollar: $1.7 trillion
3. Eurozone Euro: $1.3 trillion
4. Silver: $1.1 trillion
5. China Renminbi: $1 trillion

The answer to the question, “How much money is in the world?” is a little bit more complex than you might think.

Money supply refers to the total amount of money in circulation at any given point in time. Banks work off the fractional banking system. The system allows banks to hold less on hand for withdrawal. They can then lend out the remainder. The amount they can lend out relative to what they keep on hand is known as the deposit multiplier.

When looking at this through a narrow lens, we might only consider the world’s currencies as part of the money supply. However, in a broader sense, we can consider other instruments, such as precious metals and cryptocurrency, as part of the money supply.

Looking at it through this broader lens, we can see that the world’s money supply is dominated by gold and the U.S. dollar. And, perhaps to some people’s surprise, the cryptocurrency, Bitcoin, has become one of the largest contributors to the world’s money supply.

Recently, due to major concerns regarding future economic growth, central banks around the world have been cutting interest rates in order to avoid a downturn, which increases the money supply. Increased supply lowers interest rates. This makes borrowing for investment more lucrative to businesses, but hurts savers.

It’s important to be able to understand and analyze the money supply as it can have a significant impact on macroeconomics around the world.

Understanding the state of the world’s money supply is not only interesting, but it can also help us protect against downturns in the world economy. It helps you understand what central banks do and why they do it.

Are you concerned about the state of the world economy? How do you think cryptocurrency will impact the world’s finances in the future? Let us know in the comments below.

HowMuch.net is a cost information website 

Website:  https://howmuch.net/

How Much
August 15, 2019

The World’s $86 Trillion Economy Visualized in One Chart

The world’s GDP still grew a healthy 6.9% in 2018, up from $80.2 trillion in 2017 to $85.8 trillion. Nearly half of this growth came from the world’s two largest economies: the United States, at $20.5 trillion (up 5.4% from 2017), and China, at $13.6 trillion (up 10%). However, fear of a global recession are mounting -- much of it related to growing economic tension between the two leading economies.

 

  • The United States is still the world’s largest economy, contributing 23.9% to GDP
  • China, the world’s second largest economy, had its slowest quarterly GDP growth in nearly 30 years 
  • Half of economists in a recent poll have predicted an economic slowdown in the U.S. within the next year
  • Unresolved trade tensions between the U.S. and China have investors on edge about global economic growth

Our data comes from the World Bank’s 2018 global GDP figures. Each country is sized to the scale of its relative GDP. Countries are grouped and colored by region. For a look at how things have changed since 2017, check out HowMuch’s 2017 analysis of world GDP. 

The World’s 10 Largest Economies by GDP

1. United States - $20.49  trillion (23.89%)
2. China - $13.61  trillion (15.86%)
3. Japan - $4.97  trillion (5.79%)
4. Germany - $4 trillion (4.66%)
5. United Kingdom - $2.83  trillion (3.29%)
6. France - $2.78  trillion (3.24%)
7. India - $2.73  trillion (3.18%)
8. Italy - $2.07  trillion (2.42%)
9. Brazil - $1.87  trillion (2.18%)
10. Canada - $1.71  trillion (1.99%)

The United States and China together make up nearly 40% of the global economic GDP at $20.5 and $13.6 trillion, respectively, contributing that’s 23.9% and 15.9% to the global economy. Due to their prominence and their growing tensions, our analysis focuses on these two countries. 

About half of the 280 business economists polled by the National Association for Business Economics said they expect a downturn in the United States economy by the end of next year, and analysts at both Goldman Sachs and J.P. Morgan see growth slowing to below 2 percent in the second half of 2019. What’s the reason for the expected downturn? Economists point to a number of factors for the expected slower growth. The job market, which has thrived in this economy, is still hot but has signs of slowing. Expected interest rate hikes from the Fed are also at play. There’s also the factor of growing economic inequality in the U.S. -- the bottom half of Americans lost $900 billion in wealth between 1989 and 2018 -- and its impact on overall economic well-being.

But the factor making the most headlines is the impact of tariffs and the possibility of a trade war between China and the U.S. The number two economy is already feeling the impact: China’s GDP growth in the second quarter slowed to 6.2%, the smallest gain since 1992. The country’s industrial output growth slowed to 4.8% in July from a year earlier, the weakest pace since February 2002. It’s uncertain that the United States and China will overcome their trade differences anytime soon, and the markets seem to suggest a long-term impasse. Despite these signs of gloom, some economists aren’t so sure that decline is inevitable, citing decades-long periods of stable growth in countries like Australia and the UK.

What surprised you about contributions to GDP from countries or regions? Do you think the U.S. or China is headed for a recession? How will this affect the global economy as a whole? Let us know in the comments. 

 

HowMuch.net is a cost information website 

Website:  https://howmuch.net/

How Much
August 12, 2019

lllustrating the Credit Card Debt Burden in All 50 States

Total private and public debts in the U.S. have hit an all-time high $70 trillion. One contributor, fueled by high interest rates and expanding services, is credit card debt. Per capita credit card balances top $3,000 in the U.S., with the most expensive states to live in impacted the most.

  • Credit card interest rates have hit a 25-year high, with average rates at 17%
  • Growing technological adoption has also contributed to push credit card debt per capita in the U.S. to $3,200
  • Alaska, the District of Columbia and Hawaii lead the nation in credit card debt balances
  • Mississippi, West Virginia and Kentucky are the states with the lowest credit card burdens

The data comes from the Federal Reserve’s New York branch, which puts out quarterly reports on household debt and credit for all 50 states. Our viz shows credit card debt balance per capita by state as of Q4 2018. A darker shade of blue indicates a higher debt load.

The Top 5 Credit Card Debt Balances by State (Compared to National Average)

1. Alaska: $4,350 (135.09%)
2. District Of Columbia: $4,180 (129.81%)
3. Hawaii: $4,060 (126.09%)
4. New Jersey: $4,040 (125.47%)
5. Maryland: $3,910 (121.43%)

The Lowest 5 Credit Card Debt Balances by State (Compared to National Average)

1. Mississippi: $2,110 (65.53%)
2. West Virginia: $2,240 (69.57%)
3. Kentucky: $2,330 (72.36%)
4. Arkansas: $2,410 (74.84%)
5. Alabama: $2,420 (75.16%)

Despite overall low interest rates, credit card rates have hit a 25-year high, with average interest rates at 17%. At the same time, total consumer debt in the exceeded $4 trillion for the first time, a figure which includes credit card debt.

Key players in the credit card industry have seen impressive gains with the rise in credit card debt. Card spending at JPMorgan rose 11% in the last quarter. Shares of Mastercard and Visa, the largest card processors, have risen 47% and 37%, respectively, in 2019, compared with an increase of about 20% for the S&P 500.

Credit card spending continues to rise with the ever-growing presence of online commerce, which increased by 15% in 2018 alone. Purchasing from anywhere on earth has never been easier, but paying for it is another story - 70% of U.S. consumers admit they wouldn’t be able to pay their credit card debt off in a year. 

Debt loads vary across the U.S., with overall cost of living a large factor. The states with the highest credit card burdens, Alaska and Hawaii, are some of the most expensive states to live in, and Washington DC is one of the most expensive cities to live in. 

What’s next in the credit card market? While ecommerce and mobile payments show no signs of slowing, a new competitive landscape may be forming: Apple has recently launched its own credit card, and cryptocurrency lender Nexo has recently launched a crypto credit card, complete with MasterCard branding.

How has credit debt affected people in your state? Are higher credit card rates leading you to use debit instead? Are you interested in the Apple Card? Let us know in the comments.

HowMuch.net is a cost information website 

Website:  https://howmuch.net/