Tourism is one of the fastest growing industry in the world. Countries that offer the necessary infrastructure for tourism development reap great economic benefits. In 2015, international toursim generated US$ 1.5 trillion in export earnings according to The World Tourism Organization (UNWTO). Among the countries visited by tourists, France tops the ranking with over 84.5 million …
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Private consumption contributes less to economic decline and recovery than business investment and net exports, according to an article by Ken Fisher of Fisher Investments. The US economy is a consumer-driven economy with consumer spending accounting for 69% of the GDP. However during economic recessions consumer spending reduces but jumps back quickly than the sharp decline in …
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The retirement age for men in OECD countries is shown in the chart below: Click to enlarge The retirement age for women in OECD countries is shown in the chart below: Source: OECD Also checkout: A Review of Retirement Age in OECD Countries (TFS, 2010)
Obesity is a major health epidemic in the US. Billions of dollars are wasted per year in treating all the health issues caused by obesity. However drug firms, hospitals and others profit from treating obesity and related illnesses. The following chart shows obesity rates by state: Click to enlarge †Obese is defined as body mass index …
Meat consumption is related to income. People in high income countries tend to eat more more than those in low-income or poor countries. Production of all types of meat costs more than producing agricultural products. The chart below shows meat consumption across select countries: Click to enlarge Source: OECD Since the US ranks second and health …
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