The World Has Accumulated $215 Trillion Of Private Wealth – But Who Holds It All? About 73.5% – Is Held By Just 10 Countries

by visualcapitalist

Ranked: The 10 Wealthiest Countries in the World

The 10 Wealthiest Countries

The Chart of the Week is a weekly Visual Capitalist feature on Fridays.

According to 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:

Rank Country Wealth ($ Trillions) Change (2007-2017, %)
#1 United States $62.6 20%
#2 China $24.8 198%
#3 Japan $19.5 22%
#4 United Kingdom $9.9 -2%
#5 Germany $9.7 0%
#6 India $8.2 160%
#7 France $6.6 -11%
#8 Canada $6.4 25%
#9 Australia $6.1 83%
#10 Italy $4.3 -19%

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.

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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.


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:

Proj. Rank Country Proj. Wealth ($ Trillions, 2027) Change (2017-2027, %)
#1 United States $75.1 20%
#2 China $69.4 180%
#3 Japan $25.4 30%
#4 India $24.7 200%
#5 United Kingdom $10.9 10%
#6 Germany $10.6 10%
#7 Australia $10.4 70%
#8 Canada $8.3 30%
#9 France $7.3 10%
#10 Italy $4.7 10%

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.

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Meanwhile, France and Australia are two other significant movers – and they are going opposite directions.

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 mark.

For more on private wealth, see the 15 wealthiest cities as well the countries that are gaining (or losing) wealth at the fastest rates.


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