Travel and tourism have become powerful engines of economic growth across the world. The latest report from the World Travel & Tourism Council (WTTC) shows...
Category - Economy
Some of the biggest and most advanced G7 economies face the worst debt crises. The United States, which has the biggest economy in the world, also has the...
The US Debt to GDP ratio has experienced numerous ups and downs in the last 75 years. In 1950, in the aftermath of World War II, US debt was $3.4 trillion...
In 2024, Ukraine tops the list with a whopping 34% of its GDP allocated to military spending, equal to about $65 billion. It is far more than any other nation...
A huge part of the global economy is hidden from the official numbers. Globally, the size of the shadow economy is estimated to be around $12 trillion. It...
The trade between the United States and the European Union involves hundreds of billions of dollars every year. In 2024, the U.S. imported around $605.8...
When it comes to how much Americans earn per hour, the numbers vary a lot from one state to another. According to the U.S. Bureau of Labor Statistics (April...
Exports play a key role in the country’s economic development and growth. Some countries heavily sell goods and services abroad, while others rely more on...
The US China tariff war flared up once again following the start of President Trump’s second term. Beginning in early February, both nations started imposing...
The U.S. dollar has been the world’s most powerful currency for a long time. It holds the top position across many important areas of global finance...
