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Nadeem
Veteran Investor
Joined: 11 Jul 2004
Posts: 639
Cash Points ££ 13955.74
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 Posted: Thu Dec 07, 2006 5:33 am Post subject: Who owns the world ? Most of the wealth in the hands of 2% |
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Whilst most of the worlds attention is focused on the GDP growth rates of China and India, a study published by the Helsinki-based World Institute for Development Economics Research (part of the United Nations University), reveals that the worlds wealth is heavily concentrated in North America, Europe and a handful of developed Pacific rim countries. With 2% of adults owning more than 50% of the worlds wealth.
The two most asset rich countries in 2000, were Japan and the United States. In the US, average wealth amounted to £144,000 per person, and $182,000 in Japan. In comparison with India, the figure was $1000, China on $2200. The amounts also varied considerably between developed nations, with Britain at $128,000 per person and New Zealand at just $37,000 per person. At the bottom was The Democratic Republic of Congo with just $180 per person. Off course since 2000, both China and India have grown significantly and the figures are probably some 40% higher now, but still well behind the developed countries.
Full article http://www.marketoracle.co.uk/Article152.html |
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Wade
Saving Enthusiast
Joined: 17 Feb 2005
Posts: 185
Cash Points ££ 2569.94
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| Posted: Wed Dec 13, 2006 4:29 am Post subject: |
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| With all the topics of about how the americans are in so much debt and about to go bust, this is quite revealing in that the debt the americans are carrying i.e. based on annual GDP may be not important when compared to total wealth. |
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Quinn
Saving Enthusiast
Joined: 06 Feb 2005
Posts: 181
Cash Points ££ 2817.02
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| Posted: Sun Dec 31, 2006 5:20 am Post subject: |
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| I agree wade, all the doom and gloom of the USA being bankrupt, whereas the facts are that they are still a big monster economy ! |
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JayJay
Newbie
Joined: 25 Oct 2006
Posts: 18
Cash Points ££ 333.60
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| Posted: Wed Jan 17, 2007 2:57 am Post subject: |
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| Ive tried searching without luck for a site that gives the true wealth figure for all countries i.e. actual net work cos the GDP figuires like you say don't mean much. |
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