3 ms·
GDP does not represent wealth, it's a measure of current economic production. Furthermore, GDP is skewed for some countries where GNP might be a better figure (
by jhj 4y ago
GDP does not represent wealth, it's a measure of current economic production. Furthermore, GDP is skewed for some countries where GNP might be a better figure (e.g., Ireland, where a fair chunk of the domestic production accrues to foreigners operating in the country).
Table 2-1 in [1] lists mean wealth per adult per country, with Monaco first ($324,721), Switzerland second ($231,354) and the US third ($215,146) as far as I can tell. Median wealth figures are of course worse.
[1] https://www.credit-suisse.com/media/assets/corporate/docs/about-us/research/publications/global-wealth-databook-2021.pdf https://www.credit-suisse.com/media/assets/corporate/docs/ab...
- skippyboxedhero 4y agoYou have referenced the number for 2000. You can also see Australia punches well above it's weight in that survey. The stuff CS produces on UHNWIs is also very interesting.