GITNUXREPORT 2026

Finance Statistics

Global economic growth continues in 2024, but high debt and inflation remain key concerns.

Rajesh Patel

Rajesh Patel

Team Lead & Senior Researcher with over 15 years of experience in market research and data analytics.

First published: Feb 13, 2026

Our Commitment to Accuracy

Rigorous fact-checking · Reputable sources · Regular updatesLearn more

Key Statistics

Statistic 1

US bank assets totaled $23.7 trillion end-Q1 2024, deposits stable at $17.8T post-SVB

Statistic 2

JPMorgan Chase's total assets reached $3.9 trillion end-2023, net interest income up 49% to $83B

Statistic 3

Global banking profits hit $1.2 trillion in 2023, up 3% despite higher provisions

Statistic 4

Fed funds rate held at 5.25-5.50% through mid-2024, 525bps hikes since March 2022

Statistic 5

China's big four banks assets over $15 trillion combined end-2023, ICBC at $6.3T

Statistic 6

US credit card debt surpassed $1.13 trillion in Q2 2024, up 15% YoY delinquency rising

Statistic 7

ECB deposit facility rate at 3.75% July 2024 after 25bps cut from 4.00%

Statistic 8

Mortgage delinquency rate in US at 3.97% Q1 2024, lowest since 2005 tracking

Statistic 9

Global Basel III compliance reached 95% for G-SIBs end-2023, CET1 ratios average 12.8%

Statistic 10

Wells Fargo assets $1.9 trillion end-2023, provisions for credit losses $1.4B Q4

Statistic 11

India's banking NPA ratio fell to 3.9% March 2024 from 5.9% in 2022, gross advances up 15%

Statistic 12

BoE base rate cut to 5.0% Aug 2024 from 5.25%, first easing since 2020

Statistic 13

US commercial bank net interest margin averaged 3.24% Q1 2024, up from 2.99% prior year

Statistic 14

HSBC holdings assets $3.0 trillion end-2023, Asia revenue 81% at $37B pre-tax

Statistic 15

Brazil banking system assets $1.1 trillion end-2023, digital transactions 90% of total volume

Statistic 16

Shadow banking assets estimated $67 trillion globally 2023, 52% of bank assets growth

Statistic 17

US student loan debt $1.61 trillion Q2 2024, 90-day delinquency 8.0% post-pause end

Statistic 18

Deutsche Bank CET1 ratio 13.3% end-2023, litigation provisions down to €800M

Statistic 19

Australian big four banks assets $3.8 trillion combined FY2023, home loans 60% portfolio

Statistic 20

Global syndicated loans $3.2 trillion issued 2023, leveraged loans up 20% to $700B

Statistic 21

Santander Group assets €1.8 trillion end-2023, net profit €11.1B record high

Statistic 22

Japan bank lending grew 2.1% YoY July 2024, corporate demand weak at 1.5%

Statistic 23

US auto loan balances $1.61 trillion Q1 2024, delinquency 2.7% up from 1.6% in 2021

Statistic 24

BNP Paribas assets €2.7 trillion end-2023, investment banking revenue down 20% to €5B

Statistic 25

South Korean banks NPL ratio 0.9% end-2023, household loans up 4.2% YoY

Statistic 26

Global Bitcoin market cap hit $1.3 trillion peak March 2024, down to $1.1T July amid halving

Statistic 27

Ethereum price surged 90% post-Merge 2023 to $4,000, staking TVL $35B end-year

Statistic 28

Global crypto market cap $2.4 trillion peak Nov 2021, $1.0T average 2023 volatility

Statistic 29

US spot Bitcoin ETFs inflows $17.8 billion since Jan 2024 launch to July, BlackRock $15B AUM

Statistic 30

Tether USDT stablecoin circulation $112 billion July 2024, 70% crypto trading volume

Statistic 31

Solana blockchain TPS averaged 2,000 in 2024, fees $0.00025 tx vs ETH $2 pre-Dencun

Statistic 32

NFT trading volume $8.7 billion 2023, down 73% from 2022 peak but blue-chips stable

Statistic 33

Binance exchange spot volume $1.2 trillion monthly average 2023, 60% global share

Statistic 34

DeFi TVL $90 billion July 2024, Lido staking 28% at $25B ETH dominant

Statistic 35

Ripple XRP won 63% in July 2024 court ruling vs SEC, ODL volume $30B annual

Statistic 36

Global fintech funding $114 billion 2023, down 46% YoY but late-stage up 8%

Statistic 37

PayPal active accounts 434 million Q2 2024, Venmo TPV $75B up 25% YoY

Statistic 38

Stripe payment volume $1 trillion annualized 2024, 100+ countries 135 currencies

Statistic 39

Block (Square) Cash App Bitcoin revenue $2.3B 2023, users 57 million monthly

Statistic 40

Robinhood crypto revenue $367 million Q1 2024, up 100% YoY trading volume surge

Statistic 41

Visa crypto-linked cards volume $2.6 billion Q3 2023, USDC settlements live

Statistic 42

Coinbase revenue $3.1 billion 2023, trading fees 46% despite 50% volume drop

Statistic 43

Global neobank users 368 million 2023, Revolut 35M Chime 20M leading growth

Statistic 44

Ant Group Alipay users 1.3 billion monthly 2023, transaction value RMB 118T

Statistic 45

Adyen payment platform processed €1.2 trillion 2023, 48% net revenue growth

Statistic 46

Nubank Brazil customers 90 million end-2023, revenue R$8B up 85% YoY profits

Statistic 47

Global P2P lending volume $150 billion 2023, Asia 60% share LendingClub $5B US

Statistic 48

Klarna BNPL deferred volume $22 billion H1 2024, US 36% of total growth

Statistic 49

Blockchain.com wallet users 88 million 2023, traded BTC volume $500B annual

Statistic 50

Wise (TransferWise) cross-border volume £100 billion FY2024, 13M customers fees £1B

Statistic 51

Global GDP reached $105.4 trillion in 2023, marking a 3.2% growth from 2022 driven by advanced economies' recovery

Statistic 52

US GDP grew by 2.8% annualized in Q2 2024, the strongest quarterly pace since Q4 2021, fueled by consumer spending

Statistic 53

Inflation in the Eurozone stood at 2.5% year-over-year in July 2024, up from 2.4% in June due to energy prices

Statistic 54

China's GDP expanded by 4.7% in Q2 2024 compared to the previous year, below the 5.0% target amid property sector woes

Statistic 55

World trade volume grew 0.8% in Q1 2024, hampered by Red Sea disruptions affecting 12% of global maritime trade

Statistic 56

US unemployment rate was 4.1% in June 2024, with 1.4 million jobs added year-to-date averaging 177,000 monthly

Statistic 57

India's GDP grew 8.2% in FY 2023-24, the fastest among major economies, propelled by services sector at 9.3%

Statistic 58

Global public debt hit $92 trillion in 2023, 93% of world GDP, up from 84% pre-COVID

Statistic 59

Japan's core CPI rose 2.6% in June 2024, highest in 42 years, prompting BoJ rate hike considerations

Statistic 60

Brazil's GDP increased 2.9% in 2023, driven by agriculture up 15.1% from favorable weather

Statistic 61

Euro area industrial production fell 0.8% in May 2024, with capital goods down 1.9% amid weak demand

Statistic 62

Global growth forecast for 2024 revised to 3.2% by IMF, with emerging markets at 4.2%

Statistic 63

US personal savings rate dropped to 3.4% in May 2024 from 4.0% prior, signaling spending surge

Statistic 64

UK's GDP grew 0.6% in Q2 2024, rebounding from 0.3% contraction, services up 0.7%

Statistic 65

Russia's GDP rose 4.3% in Q2 2024 year-over-year, boosted by military spending at 7.5% of GDP

Statistic 66

Global merchandise trade value reached $24.9 trillion in 2023, up 1.5% despite volume stagnation

Statistic 67

Canada's inflation cooled to 2.7% in June 2024 from 2.9%, core at 2.9% influencing BoC decisions

Statistic 68

South Korea's GDP grew 2.7% in 2023, with semiconductors exports up 42.6%

Statistic 69

World remittances hit $860 billion in 2023, up 0.9% from prior year despite high costs averaging 6.2%

Statistic 70

Australia's unemployment hit 4.1% in July 2024, employment up 50,800 jobs mostly part-time

Statistic 71

Mexico's GDP expanded 2.1% in Q2 2024 quarter-on-quarter annualized, nearshoring aiding manufacturing

Statistic 72

Global FDI flows fell 2% to $1.3 trillion in 2023, developing economies down 7%

Statistic 73

Switzerland's CPI rose 1.5% in July 2024, lowest since Oct 2021, core stable at 1.4%

Statistic 74

Turkey's inflation hit 75.5% in May 2024 before easing to 61.8% in June amid policy shifts

Statistic 75

Indonesia's GDP grew 5.07% in 2023, manufacturing at 4.1% supporting resilience

Statistic 76

Global yield curve inverted by 50bps average in 2023, signaling recession risks per Fed model

Statistic 77

France's GDP rose 0.2% in Q2 2024, services up 0.3% offsetting industry decline

Statistic 78

Saudi Arabia's GDP grew 1.6% in Q1 2024 non-oil, total contraction 1.6% from oil cuts

Statistic 79

Singapore's GDP expanded 3.8% year-over-year in Q2 2024, manufacturing up 6.5%

Statistic 80

Egypt's inflation peaked at 40.4% in April 2024 before dropping to 35.6% in June

Statistic 81

Household debt-to-GDP ratio in US at 74.5% Q1 2024, mortgages 70% of total $17.5T debt

Statistic 82

Average US credit score 715 FICO end-2023, millennials at 686 vs boomers 745

Statistic 83

US personal bankruptcy filings 368,742 in CY2023, up 10% from 2022 amid inflation

Statistic 84

Global household savings rate averaged 7.5% of disposable income 2023, US at 4.6%

Statistic 85

UK household debt-to-income 135% end-2023, mortgages 88% of £2.1T total liabilities

Statistic 86

Average American household net worth $1.06 million end-2022, up 20% YoY stock gains

Statistic 87

40% of US adults can't cover $400 emergency expense in cash per 2023 Fed survey

Statistic 88

China's household debt-to-GDP 63% end-2023, mortgages 70% driven by property bubble

Statistic 89

Average retirement savings US worker $88,400 age 45-54 per Vanguard 2024

Statistic 90

58% of Americans live paycheck-to-paycheck per 2023 LendingClub, Gen Z at 65%

Statistic 91

India household financial savings-to-GDP fell to 5.3% FY2023 from 7.2% pre-COVID

Statistic 92

US 401(k) average balance $134,100 end-2023, up 15% YoY market rally per Vanguard

Statistic 93

27% of US millennials have no retirement savings per 2023 Northwestern Mutual

Statistic 94

Eurozone household saving rate 13.5% Q1 2024, up from 11.8% amid uncertainty

Statistic 95

Average US mortgage rate 6.95% 30-year fixed July 2024, locking out 80% of buyers per Redfin

Statistic 96

45% of US households have less than $1,000 in emergency fund per 2023 Bankrate survey

Statistic 97

Japan household assets ¥2,164 trillion end-2022, 53% cash/deposits conservative tilt

Statistic 98

Brazil household debt-to-income 48% end-2023, credit cards delinquency 20% record

Statistic 99

62% of Americans regret past financial decisions per 2023 Northwestern Mutual study

Statistic 100

Australia household net worth AUD$14.3 trillion Q1 2024, superannuation 35% share

Statistic 101

Financial literacy score US 66% per 2023 S&P Global, women 64% vs men 68%

Statistic 102

Canada household debt-to-disposable income 173% Q1 2024 peak, mortgages dominant

Statistic 103

35% of Gen Z US adults financially independent from parents per 2023 Deloitte

Statistic 104

South Korea household debt-to-GDP 105% end-2023, highest in Asia mortgages focus

Statistic 105

US buy now pay later debt $60 billion end-2023, usage up 40% among millennials

Statistic 106

S&P 500 index returned 24.6% in 2023, highest annual gain since 2021 driven by Magnificent 7 stocks

Statistic 107

Nasdaq Composite surged 43.4% in 2023, fueled by tech rally with Nvidia up 239%

Statistic 108

Dow Jones Industrial Average gained 13.7% in 2023, lagging broader market due to rate sensitivity

Statistic 109

FTSE 100 ended 2023 up 3.8%, underperforming global peers amid energy sector volatility

Statistic 110

Nikkei 225 rose 28.2% in 2023, best year since 1958 on weak yen boosting exporters

Statistic 111

DAX index climbed 20.0% in 2023, defense and pharma sectors leading gains

Statistic 112

Shanghai Composite gained 5.2% in 2023 despite economic slowdown, state support aiding

Statistic 113

Hang Seng Index fell 13.8% in 2023, property crisis dragging blue-chips down 20%+

Statistic 114

S&P/TSX Composite rose 8.1% in 2023, financials up 13% on resilient banking

Statistic 115

ASX 200 increased 11.7% in 2023, miners benefiting from commodity rebound

Statistic 116

Russell 2000 small-cap index returned 15.1% in 2023 after 20.4% drop in 2022

Statistic 117

MSCI World Index gained 22.4% in 2023 USD terms, US dominance at 72% weight

Statistic 118

India's Nifty 50 rose 20.1% in 2023, IT sector up 25% on global outsourcing

Statistic 119

Brazil's Bovespa soared 22.3% in 2023 USD, commodities rally key driver

Statistic 120

South Africa's JSE All Share gained 16.5% in 2023, rand weakness aiding exporters

Statistic 121

US IPO market raised $19.5 billion in 2023, down 72% from 2021 peak but rebounding late year

Statistic 122

Global M&A volume fell to $2.7 trillion in 2023, lowest since 2009 amid high rates

Statistic 123

NYSE listed companies market cap hit $27 trillion end-2023, up 20% YoY

Statistic 124

Volatility index VIX averaged 17.3 in 2023, spiking to 23 during banking scares

Statistic 125

Apple stock split-adjusted returned 48% in 2023, services revenue up 16% to $25B quarterly

Statistic 126

Nvidia shares exploded 239% in 2023 on AI chip demand, revenue tripling to $60.9B

Statistic 127

Tesla stock gained 102% in 2023 despite Q4 delivery miss, Cybertruck launch hype

Statistic 128

Global ETF assets reached $11.5 trillion end-2023, inflows $1 trillion led by US

Statistic 129

S&P 500 forward P/E ratio stood at 20.5x end-2023, above 10-year average of 17.5x

Statistic 130

Warren Buffett's Berkshire Hathaway Class A shares up 15.8% in 2023 to $542,000

Statistic 131

ARK Innovation ETF surged 67.7% in 2023 after 67% loss in 2022, Tesla weighting 10%

Statistic 132

Europe's STOXX 600 gained 12.7% in 2023, healthcare sector top at 15.2%

Statistic 133

Japan's TOPIX index rose 25.1% in 2023, banks up 40% on rate hike unwind

Sources
Trusted by 500+ publications
Harvard Business ReviewThe GuardianFortune+497
From China's slowed expansion to the Nikkei's historic surge, and from the staggering $92 trillion in global public debt to the quiet rise of AI-driven stock rallies, the world's financial story in 2023 was one of dramatic divergence and interconnected change.

Key Takeaways

  • Global GDP reached $105.4 trillion in 2023, marking a 3.2% growth from 2022 driven by advanced economies' recovery
  • US GDP grew by 2.8% annualized in Q2 2024, the strongest quarterly pace since Q4 2021, fueled by consumer spending
  • Inflation in the Eurozone stood at 2.5% year-over-year in July 2024, up from 2.4% in June due to energy prices
  • S&P 500 index returned 24.6% in 2023, highest annual gain since 2021 driven by Magnificent 7 stocks
  • Nasdaq Composite surged 43.4% in 2023, fueled by tech rally with Nvidia up 239%
  • Dow Jones Industrial Average gained 13.7% in 2023, lagging broader market due to rate sensitivity
  • US bank assets totaled $23.7 trillion end-Q1 2024, deposits stable at $17.8T post-SVB
  • JPMorgan Chase's total assets reached $3.9 trillion end-2023, net interest income up 49% to $83B
  • Global banking profits hit $1.2 trillion in 2023, up 3% despite higher provisions
  • Household debt-to-GDP ratio in US at 74.5% Q1 2024, mortgages 70% of total $17.5T debt
  • Average US credit score 715 FICO end-2023, millennials at 686 vs boomers 745
  • US personal bankruptcy filings 368,742 in CY2023, up 10% from 2022 amid inflation
  • Global Bitcoin market cap hit $1.3 trillion peak March 2024, down to $1.1T July amid halving
  • Ethereum price surged 90% post-Merge 2023 to $4,000, staking TVL $35B end-year
  • Global crypto market cap $2.4 trillion peak Nov 2021, $1.0T average 2023 volatility

Global economic growth continues in 2024, but high debt and inflation remain key concerns.

Banking and Financial Institutions

  • US bank assets totaled $23.7 trillion end-Q1 2024, deposits stable at $17.8T post-SVB
  • JPMorgan Chase's total assets reached $3.9 trillion end-2023, net interest income up 49% to $83B
  • Global banking profits hit $1.2 trillion in 2023, up 3% despite higher provisions
  • Fed funds rate held at 5.25-5.50% through mid-2024, 525bps hikes since March 2022
  • China's big four banks assets over $15 trillion combined end-2023, ICBC at $6.3T
  • US credit card debt surpassed $1.13 trillion in Q2 2024, up 15% YoY delinquency rising
  • ECB deposit facility rate at 3.75% July 2024 after 25bps cut from 4.00%
  • Mortgage delinquency rate in US at 3.97% Q1 2024, lowest since 2005 tracking
  • Global Basel III compliance reached 95% for G-SIBs end-2023, CET1 ratios average 12.8%
  • Wells Fargo assets $1.9 trillion end-2023, provisions for credit losses $1.4B Q4
  • India's banking NPA ratio fell to 3.9% March 2024 from 5.9% in 2022, gross advances up 15%
  • BoE base rate cut to 5.0% Aug 2024 from 5.25%, first easing since 2020
  • US commercial bank net interest margin averaged 3.24% Q1 2024, up from 2.99% prior year
  • HSBC holdings assets $3.0 trillion end-2023, Asia revenue 81% at $37B pre-tax
  • Brazil banking system assets $1.1 trillion end-2023, digital transactions 90% of total volume
  • Shadow banking assets estimated $67 trillion globally 2023, 52% of bank assets growth
  • US student loan debt $1.61 trillion Q2 2024, 90-day delinquency 8.0% post-pause end
  • Deutsche Bank CET1 ratio 13.3% end-2023, litigation provisions down to €800M
  • Australian big four banks assets $3.8 trillion combined FY2023, home loans 60% portfolio
  • Global syndicated loans $3.2 trillion issued 2023, leveraged loans up 20% to $700B
  • Santander Group assets €1.8 trillion end-2023, net profit €11.1B record high
  • Japan bank lending grew 2.1% YoY July 2024, corporate demand weak at 1.5%
  • US auto loan balances $1.61 trillion Q1 2024, delinquency 2.7% up from 1.6% in 2021
  • BNP Paribas assets €2.7 trillion end-2023, investment banking revenue down 20% to €5B
  • South Korean banks NPL ratio 0.9% end-2023, household loans up 4.2% YoY

Banking and Financial Institutions Interpretation

Reading this dashboard of global finance is like watching bankers calmly restock the vaults with one hand while nervously eyeing the ticking debt bombs and rate-cut scissors in the other.

Cryptocurrency and Fintech

  • Global Bitcoin market cap hit $1.3 trillion peak March 2024, down to $1.1T July amid halving
  • Ethereum price surged 90% post-Merge 2023 to $4,000, staking TVL $35B end-year
  • Global crypto market cap $2.4 trillion peak Nov 2021, $1.0T average 2023 volatility
  • US spot Bitcoin ETFs inflows $17.8 billion since Jan 2024 launch to July, BlackRock $15B AUM
  • Tether USDT stablecoin circulation $112 billion July 2024, 70% crypto trading volume
  • Solana blockchain TPS averaged 2,000 in 2024, fees $0.00025 tx vs ETH $2 pre-Dencun
  • NFT trading volume $8.7 billion 2023, down 73% from 2022 peak but blue-chips stable
  • Binance exchange spot volume $1.2 trillion monthly average 2023, 60% global share
  • DeFi TVL $90 billion July 2024, Lido staking 28% at $25B ETH dominant
  • Ripple XRP won 63% in July 2024 court ruling vs SEC, ODL volume $30B annual
  • Global fintech funding $114 billion 2023, down 46% YoY but late-stage up 8%
  • PayPal active accounts 434 million Q2 2024, Venmo TPV $75B up 25% YoY
  • Stripe payment volume $1 trillion annualized 2024, 100+ countries 135 currencies
  • Block (Square) Cash App Bitcoin revenue $2.3B 2023, users 57 million monthly
  • Robinhood crypto revenue $367 million Q1 2024, up 100% YoY trading volume surge
  • Visa crypto-linked cards volume $2.6 billion Q3 2023, USDC settlements live
  • Coinbase revenue $3.1 billion 2023, trading fees 46% despite 50% volume drop
  • Global neobank users 368 million 2023, Revolut 35M Chime 20M leading growth
  • Ant Group Alipay users 1.3 billion monthly 2023, transaction value RMB 118T
  • Adyen payment platform processed €1.2 trillion 2023, 48% net revenue growth
  • Nubank Brazil customers 90 million end-2023, revenue R$8B up 85% YoY profits
  • Global P2P lending volume $150 billion 2023, Asia 60% share LendingClub $5B US
  • Klarna BNPL deferred volume $22 billion H1 2024, US 36% of total growth
  • Blockchain.com wallet users 88 million 2023, traded BTC volume $500B annual
  • Wise (TransferWise) cross-border volume £100 billion FY2024, 13M customers fees £1B

Cryptocurrency and Fintech Interpretation

The crypto ecosystem is displaying remarkable resilience and strategic maturation, moving from volatile speculation toward a more integrated financial future—even if it still occasionally feels like watching a drunk billionaire try to build a rocket.

Macroeconomics

  • Global GDP reached $105.4 trillion in 2023, marking a 3.2% growth from 2022 driven by advanced economies' recovery
  • US GDP grew by 2.8% annualized in Q2 2024, the strongest quarterly pace since Q4 2021, fueled by consumer spending
  • Inflation in the Eurozone stood at 2.5% year-over-year in July 2024, up from 2.4% in June due to energy prices
  • China's GDP expanded by 4.7% in Q2 2024 compared to the previous year, below the 5.0% target amid property sector woes
  • World trade volume grew 0.8% in Q1 2024, hampered by Red Sea disruptions affecting 12% of global maritime trade
  • US unemployment rate was 4.1% in June 2024, with 1.4 million jobs added year-to-date averaging 177,000 monthly
  • India's GDP grew 8.2% in FY 2023-24, the fastest among major economies, propelled by services sector at 9.3%
  • Global public debt hit $92 trillion in 2023, 93% of world GDP, up from 84% pre-COVID
  • Japan's core CPI rose 2.6% in June 2024, highest in 42 years, prompting BoJ rate hike considerations
  • Brazil's GDP increased 2.9% in 2023, driven by agriculture up 15.1% from favorable weather
  • Euro area industrial production fell 0.8% in May 2024, with capital goods down 1.9% amid weak demand
  • Global growth forecast for 2024 revised to 3.2% by IMF, with emerging markets at 4.2%
  • US personal savings rate dropped to 3.4% in May 2024 from 4.0% prior, signaling spending surge
  • UK's GDP grew 0.6% in Q2 2024, rebounding from 0.3% contraction, services up 0.7%
  • Russia's GDP rose 4.3% in Q2 2024 year-over-year, boosted by military spending at 7.5% of GDP
  • Global merchandise trade value reached $24.9 trillion in 2023, up 1.5% despite volume stagnation
  • Canada's inflation cooled to 2.7% in June 2024 from 2.9%, core at 2.9% influencing BoC decisions
  • South Korea's GDP grew 2.7% in 2023, with semiconductors exports up 42.6%
  • World remittances hit $860 billion in 2023, up 0.9% from prior year despite high costs averaging 6.2%
  • Australia's unemployment hit 4.1% in July 2024, employment up 50,800 jobs mostly part-time
  • Mexico's GDP expanded 2.1% in Q2 2024 quarter-on-quarter annualized, nearshoring aiding manufacturing
  • Global FDI flows fell 2% to $1.3 trillion in 2023, developing economies down 7%
  • Switzerland's CPI rose 1.5% in July 2024, lowest since Oct 2021, core stable at 1.4%
  • Turkey's inflation hit 75.5% in May 2024 before easing to 61.8% in June amid policy shifts
  • Indonesia's GDP grew 5.07% in 2023, manufacturing at 4.1% supporting resilience
  • Global yield curve inverted by 50bps average in 2023, signaling recession risks per Fed model
  • France's GDP rose 0.2% in Q2 2024, services up 0.3% offsetting industry decline
  • Saudi Arabia's GDP grew 1.6% in Q1 2024 non-oil, total contraction 1.6% from oil cuts
  • Singapore's GDP expanded 3.8% year-over-year in Q2 2024, manufacturing up 6.5%
  • Egypt's inflation peaked at 40.4% in April 2024 before dropping to 35.6% in June

Macroeconomics Interpretation

The world economy resembles a potluck where everyone brought something—India’s spicy growth, America’s hearty spending, Europe’s slightly reheated inflation, and China’s cautious portion—yet we’re all nervously eyeing the staggering $92 trillion IOU on the fridge.

Personal Finance and Consumer Behavior

  • Household debt-to-GDP ratio in US at 74.5% Q1 2024, mortgages 70% of total $17.5T debt
  • Average US credit score 715 FICO end-2023, millennials at 686 vs boomers 745
  • US personal bankruptcy filings 368,742 in CY2023, up 10% from 2022 amid inflation
  • Global household savings rate averaged 7.5% of disposable income 2023, US at 4.6%
  • UK household debt-to-income 135% end-2023, mortgages 88% of £2.1T total liabilities
  • Average American household net worth $1.06 million end-2022, up 20% YoY stock gains
  • 40% of US adults can't cover $400 emergency expense in cash per 2023 Fed survey
  • China's household debt-to-GDP 63% end-2023, mortgages 70% driven by property bubble
  • Average retirement savings US worker $88,400 age 45-54 per Vanguard 2024
  • 58% of Americans live paycheck-to-paycheck per 2023 LendingClub, Gen Z at 65%
  • India household financial savings-to-GDP fell to 5.3% FY2023 from 7.2% pre-COVID
  • US 401(k) average balance $134,100 end-2023, up 15% YoY market rally per Vanguard
  • 27% of US millennials have no retirement savings per 2023 Northwestern Mutual
  • Eurozone household saving rate 13.5% Q1 2024, up from 11.8% amid uncertainty
  • Average US mortgage rate 6.95% 30-year fixed July 2024, locking out 80% of buyers per Redfin
  • 45% of US households have less than $1,000 in emergency fund per 2023 Bankrate survey
  • Japan household assets ¥2,164 trillion end-2022, 53% cash/deposits conservative tilt
  • Brazil household debt-to-income 48% end-2023, credit cards delinquency 20% record
  • 62% of Americans regret past financial decisions per 2023 Northwestern Mutual study
  • Australia household net worth AUD$14.3 trillion Q1 2024, superannuation 35% share
  • Financial literacy score US 66% per 2023 S&P Global, women 64% vs men 68%
  • Canada household debt-to-disposable income 173% Q1 2024 peak, mortgages dominant
  • 35% of Gen Z US adults financially independent from parents per 2023 Deloitte
  • South Korea household debt-to-GDP 105% end-2023, highest in Asia mortgages focus
  • US buy now pay later debt $60 billion end-2023, usage up 40% among millennials

Personal Finance and Consumer Behavior Interpretation

The American financial landscape is a house of cards built on good credit scores but sitting on the wobbly furniture of thin savings, as we juggle rising net worths with paycheck-to-paycheck fragility while global neighbors hoard cash or buckle under record debt.

Stock Markets

  • S&P 500 index returned 24.6% in 2023, highest annual gain since 2021 driven by Magnificent 7 stocks
  • Nasdaq Composite surged 43.4% in 2023, fueled by tech rally with Nvidia up 239%
  • Dow Jones Industrial Average gained 13.7% in 2023, lagging broader market due to rate sensitivity
  • FTSE 100 ended 2023 up 3.8%, underperforming global peers amid energy sector volatility
  • Nikkei 225 rose 28.2% in 2023, best year since 1958 on weak yen boosting exporters
  • DAX index climbed 20.0% in 2023, defense and pharma sectors leading gains
  • Shanghai Composite gained 5.2% in 2023 despite economic slowdown, state support aiding
  • Hang Seng Index fell 13.8% in 2023, property crisis dragging blue-chips down 20%+
  • S&P/TSX Composite rose 8.1% in 2023, financials up 13% on resilient banking
  • ASX 200 increased 11.7% in 2023, miners benefiting from commodity rebound
  • Russell 2000 small-cap index returned 15.1% in 2023 after 20.4% drop in 2022
  • MSCI World Index gained 22.4% in 2023 USD terms, US dominance at 72% weight
  • India's Nifty 50 rose 20.1% in 2023, IT sector up 25% on global outsourcing
  • Brazil's Bovespa soared 22.3% in 2023 USD, commodities rally key driver
  • South Africa's JSE All Share gained 16.5% in 2023, rand weakness aiding exporters
  • US IPO market raised $19.5 billion in 2023, down 72% from 2021 peak but rebounding late year
  • Global M&A volume fell to $2.7 trillion in 2023, lowest since 2009 amid high rates
  • NYSE listed companies market cap hit $27 trillion end-2023, up 20% YoY
  • Volatility index VIX averaged 17.3 in 2023, spiking to 23 during banking scares
  • Apple stock split-adjusted returned 48% in 2023, services revenue up 16% to $25B quarterly
  • Nvidia shares exploded 239% in 2023 on AI chip demand, revenue tripling to $60.9B
  • Tesla stock gained 102% in 2023 despite Q4 delivery miss, Cybertruck launch hype
  • Global ETF assets reached $11.5 trillion end-2023, inflows $1 trillion led by US
  • S&P 500 forward P/E ratio stood at 20.5x end-2023, above 10-year average of 17.5x
  • Warren Buffett's Berkshire Hathaway Class A shares up 15.8% in 2023 to $542,000
  • ARK Innovation ETF surged 67.7% in 2023 after 67% loss in 2022, Tesla weighting 10%
  • Europe's STOXX 600 gained 12.7% in 2023, healthcare sector top at 15.2%
  • Japan's TOPIX index rose 25.1% in 2023, banks up 40% on rate hike unwind

Stock Markets Interpretation

In 2023, while a few magnificent tech stocks and AI mania propelled US markets to giddy heights, much of the world offered a sobering reminder of reality through property crises, rate sensitivity, and the humbling drag of economic gravity.

Sources & References

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