Top 10 Richest Countries in the World 2019

Top 10 Richest Countries in the World 2019 . The Richest Countries in the World. Since the 2008 financial downflow, global private wealth has been steadily growing. top 10 richest countries in the world, richest countries, in the world, Top 10 Richest Countries in the World 2019. worlds richest countries in 2019 .

In fact, overall private wealth worldwide reached $204 trillion in 2018, which is a 26% increase over the past decade.

This week’s chart, which uses numbers from the Global Wealth Migration Review 2019, examines the top 10 richest countries and the growth of private wealth from 2008 to 2018. Combined, the 10 countries above represent 74% of the total private wealth worldwide.

These trends are staying consistent with the numbers seen in 2017. Asian countries such as China and India showed the highest uptick in wealth gains, holding their #2 and #3 spots on the list, while European countries such as France and Italy actually saw a decrease.

Trends in the Wealth Landscape. Over the last 10 years, China has experienced the largest increase in wealth at 130%. This growth also means that China now boasts more high-net-worth individuals (HNWIs) than any other country except the United States.

While India doubled its total private wealth over the 10-year period, wealth per adult remains at just 22% of the global average.

The U.S. continues to lead in wealth numbers, holding 30% ($60.7 trillion) of the world’s total private wealth. Unsurprisingly, the U.S. remains home to the most millionaires in the world.

The World’s Millionaires: Top 3 Countries

United States: 17,350,000
China: 3,480,000
Japan: 2,809,000
World total: 42,155,000
Source: Credit Suisse

Australia now tops the above list in terms of highest wealth per adult, and it is second in the world only to Switzerland in the context of major nations.

Despite the recent turmoil and uncertainty stemming from Brexit, the United Kingdom still saw overall growth in the past decade, moving from #5 to #4 rank on the list of countries with the highest private wealth.

Projections from New World Wealth estimate that total global wealth will reach $291 trillion by 2028, driven by strong growth in Asia.

Rising Wealth Inequality
Unfortunately, this growth is also linked to the growing problem of wealth inequality gap across the globe, and the gap seems to get bigger every year.

The average global wealth per adult is approximately $27,000 – but of the total adult population, 64% have a net worth of less than $10,000. The bottom half of adults in the world now own less than 1% of all household wealth.

By contrast, 85% of all household wealth is owned by the richest 10%, and the top 1% own almost half (47%) of the world’s household wealth.

he 10 Wealthiest Countries
The Chart of the Week is a weekly Visual Capitalist feature on Fridays.

According to the market research company New World Wealth, the world has accumulated $215 trillion in private wealth, a 12% increase over the last year.

Incredibly, the vast majority of this wealth – about 73.5% – is held by just 10 countries: wealthiest, united states, rich countries, richest country, India richest country, China, China richest country, United States, us, America richest country, Germany richest country, Germany, Canada, Australia, UK, United Kingdom, Italy.

Over the last decade, China and India have more than doubled their wealth. Meanwhile, developed economies like the United States and Japan have increased wealth at modest rates – and some, like Italy and France, even lost modest amounts of private wealth over that duration of time.

Finally, it should be noted that the United Kingdom’s decrease above is mainly due to the depreciation of the GBP, which dropped in dollar terms from roughly $2.00 to $1.35 over the decade in question.

Future Projections
How is global wealth expected to shift in the future?

According to New World Wealth, the same 10 countries will dominate the landscape – but the order will change considerably over the next decade:

While the ranking order of the top three wealthiest countries will remain the same, India is expected to shoot up 200% to claim the #4 position with $24.7 trillion in private wealth.

France will continue its descent down the ranking to 9th place with just 10% growth in a decade, and Australia will increase wealth at a rate that is very impressive for a developed economy. By 2027, it’s expected to be the world’s seventh richest country in terms of private wealth, with a total of $10.4 trillion. That will rival powerhouses like Germany and the United Kingdom, each with private wealth near the $11 trillion marks.





Thanks for watching.
This is World Conspiracy Daily
WC Daily

If you have any points comment below.

Production: Hades Pictures

Music By: Dan Lebowitz

Licensed under Creative Commons: By Attribution 3.0/4.0 License
http://creativecommons.org/licenses/b...
Track: Max
Licensed under Creative Commons