By Sam van de Schootbrugge 09-06-2021
In: hive-exclusives | COVID-19

US Dips Below Global Average on Vaccination Rates

(1 min read)
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In this prime tracker, we review the latest vaccine developments globally.

On the details:

  • Global Outlook: This week, an average of 34.5mn vaccinations were administered globally every day, up 1% WoW (Chart 2). China accounts for more than half of daily doses administered and, on a population-adjusted basis, is vaccinating at the fastest pace globally (Chart 5). By continent, Africa has only vaccinated 2.1% of its population with at least one dose (Chart 3). In all, 11.8% of the world’s population have now received a jab and an estimated 9.2% have vaccine-induced immunity to Covid-19.
  • Share of Population Vaccinated: Canada has moved to second on our list, having vaccinated 62.3% of its population with at least one dose. The majority of the population has only received a single dose (54.3%). China, South Korea and Italy experienced the largest WoW pp increases, and over a third of China’s population is now estimated to have received at least one dose. India, meanwhile, has vaccinated just 13% of its population.
  • Doses: The majority of countries in Asia expanded rollouts over the last week. And, on a per head of population basis, are now vaccinating quicker than DM countries (Chart 4). This is mainly driven by China, but there were large WoW increases in Malaysia, Thailand and India. EMEA countries also performed well, with Turkey and Russia standing out. The UK is maintaining a relatively high vaccination rate, in line with EU countries (Chart 1).
  • Manufacturers: Vaccination rates in the US fell by a further 1% WoW and are now below the world average (Chart 1). By manufacturer, half of doses administered are using the Pfizer vaccine, followed by Moderna (Chart 6). In Germany, the Pfizer vaccine is used in over 70% of doses. Meanwhile, there is an even split between Moderna, AZN and J&J in the country.
  • Immunity: Based on the latest vaccination rates, Canada and Chile are set to reach herd immunity by July 2021. Many European countries should break the 80% immunity target by the end of summer, while the US has seen its date move back to November 2021. After a large vaccination push in recent weeks, Japan is now due to reach 80% by the end of 2021. By the Olympics, at its current pace, the country should have vaccinated over a quarter of its population.

 

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Sam van de Schootbrugge is a macro research economist taking a one year industrial break from his Ph.D. in Economics. He has 2 years of experience working in government and has an MPhil degree in Economic Research from the University of Cambridge. His research expertise are in international finance, macroeconomics and fiscal policy.
 
 
(The commentary contained in the above article does not constitute an offer or a solicitation, or a recommendation to implement or liquidate an investment or to carry out any other transaction. It should not be used as a basis for any investment decision or other decision. Any investment decision should be based on appropriate professional advice specific to your needs.)
 

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