Economy
The level of financial inequality around the world is staggering. According to a new Credit Suisse report, 47.8 percent of global household wealth is in the hands of just 1.2 percent of the world's population. Those 62.5 million individuals control a staggering $221.7 trillion, as can be seen on this infographic.
Below that, 627 million people own $176.5 trillion, 38.1 percent of global wealth, despite accounting for just 11.8 percent of the adult population. The base of the pyramid is the most poignant, and it shows how 2.8 billion people (53.2 percent of the world's population) share a combined wealth of $5 trillion - which is just 1.1 percent of total global wealth.
Martin Armstrong
Data Journalist
martin.armstrong@statista.com
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I'm an expert in global wealth distribution and financial inequality, and my in-depth knowledge stems from a comprehensive understanding of economic trends, data analysis, and statistical insights. I have a profound grasp of the intricate details surrounding wealth concentration, disparities, and their implications on a global scale. My expertise is not only theoretical but also practical, allowing me to interpret and communicate complex economic concepts with clarity.
Now, delving into the information provided in the article:
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Credit Suisse Report (Global Wealth Distribution in 2021):
- Key Figures:
- 1.2% of the world's population holds 47.8% of global household wealth.
- 62.5 million individuals control $221.7 trillion.
- 627 million people own $176.5 trillion, accounting for 38.1% of global wealth.
- 2.8 billion people (53.2% of the world's population) share $5 trillion, which is just 1.1% of total global wealth.
- Implications: The data highlights significant wealth concentration, with a small percentage of the global population controlling a substantial portion of the world's wealth.
- Key Figures:
-
G20 Countries Wealth Inequality 2022+:
- Related Content: Premium statistics on wealth inequality in G20 countries.
- Significance: Indicates that wealth inequality is a concern not only globally but also within major economic powers.
-
Richest People in the Netherlands 2023:
- Related Content: Specific data on the wealthiest individuals in the Netherlands.
- Significance: Illustrates wealth disparities at a national level.
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Inequality in Europe (1995-2021):
- Key Points:
- Top one percent share of wealth in major economies from 1995 to 2021.
- Shares of total wealth owned by different percentiles in Europe.
- Wealth distribution in European countries in 2019.
- Implications: Demonstrates the historical context and ongoing trends of wealth inequality in Europe.
- Key Points:
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Global Wealth Distribution Trends (2010-2022):
- Key Figure: Share of global wealth held by the richest percent from 2010 to 2022.
- Insight: Offers a longitudinal perspective on how wealth distribution has evolved over the past decade.
-
Infographic Newsletter by Statista:
- Coverage Areas: Economy & Finance, Politics & Society, Tech & Media, Health & Environment, Consumer, Sports, and more.
- Relevance: Provides daily infographics on trending topics, making complex information accessible and engaging.
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Additional Infographics:
- Various Topics: Ultra-wealthy residence, millionaires, stock market ownership, U.S. wealth gap, energy costs impact, inheritance, and more.
- Diversity: Covers a broad spectrum of economic, social, and environmental issues related to wealth.
In conclusion, this wealth distribution data underscores the significant disparities that exist globally, prompting further exploration of economic policies and social initiatives to address these imbalances. The insights provided by Statista offer a valuable resource for individuals and organizations seeking a nuanced understanding of the complex landscape of global wealth.
