Visualizing the Wealth of Nations

[NeoGreen]

https://www.visualcapitalist.com/map-wealth-of-nations/

Visualizing the Wealth of Nations

Just as there exists a longstanding inequality in the distribution of household wealth, so exists a considerable differential in the amount of wealth held by countries on the international stage.

Simply put, some nations are “haves”, while many others are “have-nots”.

“Wherever there is great property, there is great inequality.”

– Adam Smith, The Wealth of Nations

[Farmer-Rick]

1. So the US controls the largest chunk of private capital

But per capita, the US is number 7.

Weird.

[mitch96]

2. "But per capita, the US is number 7. "

I assume b/c only the top 1% own the majority of the capital.. Very few. Other countries have more people with more wealth there fore more per capital wealth, yes?
m

[OnlinePoker]

3. No...it's dividing the total wealth by the whole population of a country.

Monaco has a high wealth (though not even in the top 10) but a small population, which is why their wealth per capita is so high.

[mitch96]

4. I don't get the logic... then again I'm no math wiz.... .nt

[OnlinePoker]

5. A quick example

Say you have a country of 100 people with a total combined wealth of $1 million, but one person controls $999,000. The per capita isn't based just on that one rich person, but all the people, so the per capita wealth of the country would be $10,000. Do the same for the $60.7 trillion U.S. wealth and divide it by the 326 million population and it becomes the $186,000 per capita shown.

[mitch96]

6. "Combined wealth"

Got it. Its all the people combined not just the 1% that own most of the capital, yes?
m