China and the United States now account for half of the world’s household wealth with the United States at 31.5% and China at 18.4%.
According to Visual Capitalist,personal wealth differs slightly from using Gross Domestic Product as a measure, where the US and China make up 24% and 19% of the world economy in nominal terms, respectively.
Just 10 countries account for 75% of total household wealth.
One of the biggest changes in recent years is the rise of wealth in China.
A decade ago, China’s citizens were estimated to hold just 9% of the world’s wealth. That figure has now more than doubled, while median wealth in the country has skyrocketed from US$3 111 to US$26 752 between 2000 and 2021.
At regional level, North America accounts for 35% of the world’s household wealth, followed by Asia with 33.8%, Europe 22.8% while Africa languishes at 0.9%.
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