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The problem is that is hard to define/measure "richness" of a country. You can use monthly income or financial wealth as a metric, you have to decide between av
by littlecranky67 5y ago
The problem is that is hard to define/measure "richness" of a country. You can use monthly income or financial wealth as a metric, you have to decide between average and median etc.
For example, in 2018, 45 single super-rich germans possessed the same amount of wealth as the poorest 50% of germans [0]. Using the median of distributed wealth would not express that, and if you cut off outliers by looking at percentiles and then averaging would also not express that.
[0]: https://www.spiegel.de/wirtschaft/soziales/vermoegen-45-superreiche-besitzen-so-viel-wie-die-halbe-deutsche-bevoelkerung-a-1189111.html https://www.spiegel.de/wirtschaft/soziales/vermoegen-45-supe...