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Data: Maddison Project Database via Our World In Data; Note: GDP per capita expressed in international U.S. dollars, adjusted for inflation and price differences between countries; Chart: Harry Stevens/Axios

The average person on Earth is now 4.4 times richer than their ancestors were in 1950, according to an analysis by Max Roser, founder and editor of Our World in Data.

Why it matters: That's equivalent to the prosperity of a U.S. citizen in 1950 — when the U.S. was the world's richest country. In response, the world has seen a jump-start in education, an increase in life expectancy and lower child mortality rates.

The biggest winners have been smaller nations that have benefitted from the explosion of the global economy, usually via successes in technology or finance — places like South Korea (a 32.2x jump in per capita GDP since 1950), Taiwan (30.4x) and Singapore (27.5x).

  • The biggest losers have been countries that were near the bottom in 1950 and have stagnated or even declined since then. The successes of the rest of the world have left these countries — the Central African Republic (0.5x), the Democratic Republic of the Congo (0.5x) and Sierra Leone (0.6x) — on the far side of a widening inequality gap.

The bottom line: Roser, an Oxford economist, writes that he finds GDP per capita important, especially over time, because it acts as "a measure of means only and thereby respects the freedom of everyone to choose for themselves."

Go deeper: How 74 economies have performed this century

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Updated 53 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 3 p.m. ET: 12,794,395 — Total deaths: 566,210 — Total recoveries — 7,033,187Map.
  2. U.S.: Total confirmed cases as of 2 p.m. ET: 3,278,946 — Total deaths: 135,066 — Total recoveries: 995,576 — Total tested: 39,553,395Map.
  3. States: Florida smashes single-day record for new coronavirus cases with over 15,000 — Miami-Dade mayor says "it won't be long" until county's hospitals reach capacity.
  4. Public health: Ex-FDA chief projects "apex" of South's coronavirus curve in 2-3 weeks — Coronavirus testing czar: Lockdowns in hotspots "should be on the table"
  5. Education: Betsy DeVos says schools that don't reopen shouldn't get federal funds — Pelosi accuses Trump of "messing with the health of our children."

Lindsey Graham says he will ask Mueller to testify before Senate

Photo: Tasos Katopodis/Getty Images

Senate Judiciary Chairman Lindsey Graham (R-S.C.) tweeted Sunday that he will grant Democrats' request to call former special counsel Robert Mueller to testify before his committee.

The big picture: The announcement comes on the heels of Mueller publishing an op-ed in the Washington Post that defended the Russia investigation and conviction of Roger Stone, whose sentence was commuted by President Trump on Friday.

4 hours ago - Health

Florida smashes single-day record for new coronavirus cases

Data: Covid Tracking Project; Chart: Axios Visuals

Florida reported 15,299 confirmed coronavirus cases on Sunday — a new single-day record for any state, according to its health department.

The big picture: The figure shatters both Florida's previous record of 11,458 new cases and the single-state record of 11,694 set by California last week, according to AP. It also surpasses New York's daily peak of 11,571 new cases in April, and comes just a day after Disney World reopened in Orlando.