Which country consumes the most alcohol per capita in the world? Well, the answer may not be the one you expect. Most countries have some kind of drinking tradition. Whether it’s a glass of wine with lunch, a pre-dinner Aperitivo or steins of beer at Oktoberfest, alcohol is as embedded in culture across the globe as cuisine, literature and music.

Growing concerns about the threat of an impending recession have led to questions about whether beer and spirits consumption would be resilient during an economic downturn. Further, do these companies have pricing power in the face of rising inflation? According to an analysis by Goldman Sachs, beer and spirits volumes in the U.S. have shown little correlation with economic growth.