Tag: Global economy

Global electricity demand reached a new record high in 2023, totaling nearly 30,000 TWh. This growing consumption prompts a crucial question: why do we need so much energy? The answer lies in the complex web of interconnected factors driving the modern world's expanding energy appetite.

Global trade reached a record $33 trillion in 2024, demonstrating the immense volume and value of goods moving across borders annually. Understanding what are top 5 imports is key to comprehending the intricate dynamics that power this massive global economic engine.

In early 2023, Pakistan's steel industry faced significant raw material shortages, illustrating how severe supply chain failures can contribute to a national iron shortage. These events are not isolated but rather the culmination of complex, interconnected global and local pressures impacting the availability and cost of raw materials and finished steel products.

According to TheGlobalEconomy.com, the United States led in total household consumption in 2023, with expenditures reaching almost $19 trillion. The question of which country has the highest consumption in the world, however, depends heavily on the specific metric used for evaluation, as various measures paint a different picture.

According to the World Health Organization, proper nutrition is a critical part of health and development, reducing risks of chronic diseases and improving overall well-being. Understanding why food sources are important goes far beyond individual health, impacting entire ecosystems and global economies.

Providing roughly 20% of the total dietary calories and proteins consumed worldwide, wheat has been a cornerstone of human civilization for millennia. Understanding why is wheat important to our life reveals its immense impact on our diet, economy, and global stability.

According to the UN's 2025 State of Food Security and Nutrition report, over 2.3 billion people faced moderate or severe food insecurity in 2023, a significant increase since 2019. This stark reality confirms that, in fact, **has food insecurity gotten worse?** in recent years, presenting a critical challenge to global nutrition.

According to the World Health Organization, nearly half of all deaths among children under five years old are linked to undernutrition. This staggering statistic highlights just one facet of the answer to the question: why is malnutrition so important? It is a complex issue encompassing both undernutrition and overnutrition, with devastating and far-reaching consequences for individuals, communities, and nations alike.