Markets
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.
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 $1.35 over the decade in question.
Future Projections
How is global wealth expected to shift in the future?
According to New World Wealth, the same 10 countries will dominate the landscape – but the order will change considerably over the next decade:
Proj. Rank | Country | Proj. Wealth ($ 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.
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.
Markets
Will Tesla Lose Its Spot in the Magnificent Seven?
We visualize the recent performance of the Magnificent Seven stocks, uncovering a clear divergence between the group’s top and bottom names.
Will Tesla Lose Its Spot in the Magnificent Seven?
This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.
In this graphic, we visualize the year-to-date (YTD) performance of the “Magnificent Seven”, a leading group of U.S. tech stocks that gained prominence in 2023 as the replacement of FAANG stocks.
All figures are as of March 12, 2024, and are listed in the table below.
Rank | Company | YTD Change (%) |
---|---|---|
1 | Nvidia | 90.8 |
2 | Meta | 44.3 |
3 | Amazon | 16.9 |
4 | Microsoft | 12 |
5 | 0.2 | |
6 | Apple | -6.7 |
7 | Tesla | -28.5 |
From these numbers, we can see a clear divergence in performance across the group.
Nvidia and Meta Lead
Nvidia is the main hero of this show, setting new all-time highs seemingly every week. The chipmaker is currently the world’s third most valuable company, with a valuation of around $2.2 trillion. This puts it very close to Apple, which is currently valued at $2.7 trillion.
The second best performer of the Magnificent Seven has been Meta, which recently re-entered the trillion dollar club after falling out of favor in 2022. The company saw a massive one-day gain of $197 billion on Feb 2, 2024.
Apple and Tesla in the Red
Tesla has lost over a quarter of its value YTD as EV hype continues to fizzle out. Other pure play EV stocks like Rivian and Lucid are also down significantly in 2024.
Meanwhile, Apple shares have struggled due to weakening demand for its products in China, as well as the company’s lack of progress in the artificial intelligence (AI) space.
Investors may have also been disappointed to hear that Apple’s electric car project, which started a decade ago, has been scrapped.
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