Opentext Data Driven Digest, Sep 18: Money and Finance
Pacific Stock Exchange in San Francisco was created 133 years ago this week to serve businesses that struck rich mining for gold during the California Gold Rush. Nowadays, businesses mine for data hoping to strike it rich, using visualizations like the ones below.
This week marks the 133rd anniversary of the opening of the Pacific Stock Exchange in San Francisco. The establishment was created to serve the interest of businesses that struck it rich mining for gold during the California Gold Rush. Nowadays, businesses mine for data hoping to strike it rich. They use these visualizations like the ones listed below to best serve their customers, streamline their operations, and gain a competitive advantage. In honor of those financial pioneers, this week we offer three different visualizations of financial data. Eureka!
Vintage Visualization: In 1789, the United States established its first loan to pay salaries of the existing and future presidents and the Congress. As our friend Katy French (@katyifrench) posted in Visual News this week, bean counters in Washington kept great records and even produced stunning, color-coded visualizations to represent trends. The graphic above represents the Fiscal Chart of Debt and Expenditures by the U.S. Government between 1789 and 1870. Note the spikes in military spending during the War of 1812 and Civil War as well as the first major accumulation of debt in 1861. The chart is sourced from the 1870 edition of the Statistical Atlas of the United States.
Euro Spending: How do Europeans spend their paychecks? That was the premise of a recent data plot developed by The Economist (@TheEconomist). Based on data sets from Eurostat entitled Final consumption expenditure of households by consumption purpose, The Economist found life in the Euro zone is quite diverse. Living in Lithuania? Your budget is dominated by food and clothes. Lithuanians also spend more per capita on alcohol and tobacco than the rest of Europe. Meeting in Malta? Make dinner reservations. Nearly 20 percent of Maltese spending goes toward restaurants and hotels. Other data points of interest: Spaniards spend the least on their transportation. Germans spend more on their furnishings than their EU neighbors.
World Population Based on Income: Our friends over at Pew Research Center (@PewResearch) have come up with an interactive visualization based around the paradigms of income and how it relates to world population. For example, the map above shows the density of people living under what they term as a middle income. By middle income, that means your daily wages are between $10.01 and $20. According to the map, 13 percent of the 7+ billion people in the world are middle income. The map has a second option that reveals the percentage point change in that population between 2000 and 2011. It’s a fascinating study on both financial statistics as well as data maps.