Markets
Confidence in the Global Economy, by Country
See this visualization first on the Voronoi app.
Confidence in the Global Economy, by Country
This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.
Measuring consumer confidence in the economy is crucial for understanding both current economic strength, as well as how consumers may be expected to act in the future.
So how do people around the world feel about the global economy?
This visualization uses survey data collected from October 20 to November 3, 2023 by Ipsos. It was first highlighted as part of our 2024 Global Forecast Series.
Which Countries Feel Confident About the Economy in 2024?
Heading into 2024, an average of 50% of polled adults felt confident that the global economy would be stronger than in 2023. But breaking down responses by country shows a vast disparity between responses.
Here are the percentage of respondents who agreed with the following statement: “The global economy will be stronger in 2024 than it was in 2023.” We also note the change in percentage points (p.p.) compared with the same question a year prior.
Country | Agree | Change (Year-over-year) |
---|---|---|
🇮🇳 India | 85% | +12 p.p. |
🇮🇩 Indonesia | 82% | +14 p.p. |
🇨🇳 China | 82% | +4 p.p. |
🇵🇭 Philippines | 74% | N/A |
🇹🇭 Thailand | 68% | +4 p.p. |
🇲🇾 Malaysia | 62% | +8 p.p. |
🇲🇽 Mexico | 62% | +6 p.p. |
🇧🇷 Brazil | 60% | -13 p.p. |
🇸🇬 Singapore | 59% | +4 p.p. |
🇵🇱 Poland | 56% | +20 p.p. |
🇳🇿 New Zealand | 56% | N/A |
🇨🇴 Colombia | 54% | +5 p.p. |
🇨🇱 Chile | 51% | +8 p.p. |
🇵🇪 Peru | 51% | -3 p.p. |
🇦🇷 Argentina | 51% | +3 p.p. |
🇿🇦 South Africa | 49% | +2 p.p. |
🇦🇺 Australia | 48% | +7 p.p. |
🇭🇺 Hungary | 46% | +15 p.p. |
🇷🇴 Romania | 45% | +8 p.p. |
🇺🇸 United States | 45% | +3 p.p. |
🇪🇸 Spain | 44% | +8 p.p. |
🇳🇱 Netherlands | 44% | +12 p.p. |
🇹🇷 Türkiye | 43% | 0 p.p. |
🇬🇧 Great Britain | 43% | +11 p.p. |
🇨🇭 Switzerland | 43% | +8 p.p. |
🇮🇹 Italy | 40% | +8 p.p. |
🇩🇪 Germany | 40% | +3 p.p. |
🇨🇦 Canada | 39% | +2 p.p. |
🇸🇪 Sweden | 34% | +1 p.p. |
🇫🇷 France | 33% | +4 p.p. |
🇰🇷 South Korea | 33% | -5 p.p. |
🇵🇹 Portugal | 33% | N/A |
🇯🇵 Japan | 30% | 0 p.p. |
🌍 Global average | 50% | +4 p.p. |
At the top, India, Indonesia, and China stood as being the most confident about 2024’s economic prospects. 85% of Indian respondents agreed that the global economy will be stronger in 2024 than in 2023, while 82% of Chinese and Indonesian respondents felt the same.
Regional disparities also become evident, with Asian countries making up the top five most confident countries and seven out of the top nine. In fact, South Korea and Japan were the only Asian countries surveyed that were not feeling confident, with Japanese respondents being the least confident (30%) and South Koreans tied for the second-least confident (33%).
Countries in South America ranged from Brazil having a high of 60% of respondents agree with 2024 being stronger than 2023 to Chile having a “low” of 51%. North American countries were more split, with Mexico feeling more confident and Canada feeling less confident.
Lastly, Europe stood out as being the least confident in the global economy in 2024. Only Poland (56%) had more than 50% agree that this year would be better than the last, while major economies like Germany (40%) and France (33%) sat closer to the bottom of the table.
Markets
Visualizing Berkshire Hathaway’s Stock Portfolio (Q1 2024)
We visualized the latest data on Berkshire Hathaway’s portfolio to see what Warren Buffett is invested in.
Visualizing Berkshire Hathaway’s Portfolio as of Q1 2024
This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.
Wondering what the Oracle of Omaha has his money invested in?
In this graphic, we illustrate Berkshire Hathaway’s portfolio holdings, as of Q1 2024. This data was released on May 15, 2024, and can be easily accessed via CNBC’s Berkshire Hathaway Portfolio Tracker.
The value of each position listed in this graphic is based on market prices as of May 23, 2024, and will change over time.
Furthermore, note that Berkshire has received SEC permission to temporarily withhold data on certain positions. This includes all of its Japanese stocks, which are reported as of June 12, 2023.
It’s (almost) all Apple
The data we used to create this graphic can be found in the following table. Positions worth less than $5 billion were included in “Other”.
Company | % of Portfolio | Value (As of 05-23-2024) |
---|---|---|
🇺🇸 Apple Inc | 39.7 | $149.8B |
🇺🇸 Bank of America | 10.7 | $40.6B |
🇺🇸 American Express | 9.7 | $36.8B |
🇺🇸 Coca-Cola | 6.7 | $25.2B |
🇺🇸 Chevron | 5.3 | $20.0B |
🇺🇸 Occidental Petroleum | 4.2 | $15.7B |
🇺🇸 Kraft Heinz | 3.1 | $11.7B |
🇺🇸 Moody’s | 2.7 | $10.2B |
🇯🇵 Mitsubishi Corp | 2.1 | $7.8B |
🇺🇸 Chubb | 1.9 | $7.1B |
🇯🇵 Mitsui & Co | 1.7 | $6.4B |
🇯🇵 Itochu Corporation | 1.5 | $5.5B |
🇺🇸 DaVita | 1.3 | $5.0B |
🌍 Other | 9.4 | $35.9B |
Total | 100 | $377.9B |
From this, we can see that Berkshire’s largest position is Apple, which makes up almost 40% of the portfolio and is worth nearly $150 billion.
While Warren Buffett once referred to Apple as the best business in the world, his firm actually trimmed its position by 13% in Q1 2024.
Even after that cut, Berkshire still maintains a 5.1% ownership stake in Apple.
Why Japanese Stocks?
While most of Berkshire’s major positions are in American companies, Japanese firms make up a significant chunk.
In 2020, Berkshire took positions in five Japanese trading houses: Itochu, Marubeni, Mitsubishi, Mitsui, and Sumitomo.
Also known as sōgō shōsha, which translates to “general trading company”, these firms are highly diversified across major industries.
According to an article from IMD, Buffett sees an attractive opportunity in Japan due to the country’s low-interest rates, among other things.
Learn More About Investing From Visual Capitalist
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