Money

Where do the World’s Millionaires Live?

Published

9 years ago

November 17, 2014

Jeff Desjardins

There are 34,837,000 millionaires scattered across the globe. Ever wonder where all of these people reside? The Credit Suisse Global Wealth Report is here to help.

The following three infographics show: Millionaires by country, millionaires by density (per city), and developing countries with the biggest concentration of millionaires.

The United States comes in first place by a wide margin, with 41% of the world’s millionaires.

Millionaires by country infographic

Amazingly, 10,000 of Monaco’s 37,000 residents are millionaires. Monaco is a tiny principality next to the French Riviera that is famous for its beaches. Monaco and Zurich have the two highest concentrations of millionaires per city.

Millionaires by density per city infographic

China is on pace to have just short of 2 million millionaires by 2017.

Millionaires in the developing world infographic

Related Topics:money wealth millionaires millionaire density millionaires reside

Up Next

The Myth of the Successful Money Manager

Don't Miss

The Net Worth of Every US President

4 Comments

Money

How Debt-to-GDP Ratios Have Changed Since 2000

See how much the debt-to-GDP ratios of advanced economies have grown (or shrank) since the year 2000.

Published

1 day ago

April 18, 2024

Marcus Lu

How Debt-to-GDP Ratios Have Changed Since 2000

This was originally posted on our Voronoi app. Download the app for free on Apple or Android and discover incredible data-driven charts from a variety of trusted sources.

Government debt levels have grown in most parts of the world since the 2008 financial crisis, and even more so after the COVID-19 pandemic.

To gain perspective on this long-term trend, we’ve visualized the debt-to-GDP ratios of advanced economies, as of 2000 and 2024 (estimated). All figures were sourced from the IMF’s World Economic Outlook.

Data and Highlights

The data we used to create this graphic is listed in the table below. “Government gross debt” consists of all liabilities that require payment(s) of interest and/or principal in the future.

Country	2000 (%)	2024 (%)	Change (pp)
🇯🇵 Japan	135.6	251.9	+116.3
🇸🇬 Singapore	82.3	168.3	+86.0
🇺🇸 United States	55.6	126.9	+71.3
🇬🇧 United Kingdom	36.6	105.9	+69.3
🇬🇷 Greece	104.9	160.2	+55.3
🇫🇷 France	58.9	110.5	+51.6
🇵🇹 Portugal	54.2	104.0	+49.8
🇪🇸 Spain	57.8	104.7	+46.9
🇸🇮 Slovenia	25.9	66.5	+40.6
🇫🇮 Finland	42.4	76.5	+34.1
🇭🇷 Croatia	35.4	61.8	+26.4
🇨🇦 Canada	80.4	103.3	+22.9
🇨🇾 Cyprus	56.0	70.9	+14.9
🇦🇹 Austria	65.7	74.0	+8.3
🇸🇰 Slovak Republic	50.5	56.5	+6.0
🇩🇪 Germany	59.3	64.0	+4.7
🇧🇪 Belgium	109.6	106.8	-2.8
🇮🇱 Israel	77.4	56.8	-20.6
🇮🇸 Iceland	75.8	54.6	-21.2

The debt-to-GDP ratio indicates how much a country owes compared to the size of its economy, reflecting its ability to manage and repay debts. Percentage point (pp) changes shown above indicate the increase or decrease of these ratios.

Countries with the Biggest Increases

Japan (+116 pp), Singapore (+86 pp), and the U.S. (+71 pp) have grown their debt as a percentage of GDP the most since the year 2000.

All three of these countries have stable, well-developed economies, so it’s unlikely that any of them will default on their growing debts. With that said, higher government debt leads to increased interest payments, which in turn can diminish available funds for future government budgets.

This is a rising issue in the U.S., where annual interest payments on the national debt have surpassed $1 trillion for the first time ever.

Only 3 Countries Saw Declines

Among this list of advanced economies, Belgium (-2.8 pp), Iceland (-21.2 pp), and Israel (-20.6 pp) were the only countries that decreased their debt-to-GDP ratio since the year 2000.

According to Fitch Ratings, Iceland’s debt ratio has decreased due to strong GDP growth and the use of its cash deposits to pay down upcoming maturities.