Markets
Ranked: The 10 Wealthiest Countries in the World
The 10 Wealthiest Countries
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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.
Maps
Mapped: The 10 U.S. States With the Lowest Real GDP Growth
In this graphic, we show where real GDP lagged the most across America in 2023 as high interest rates weighed on state economies.
The Top 10 U.S. States, by Lowest Real GDP Growth
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While the U.S. economy defied expectations in 2023, posting 2.5% in real GDP growth, several states lagged behind.
Last year, oil-producing states led the pack in terms of real GDP growth across America, while the lowest growth was seen in states that were more sensitive to the impact of high interest rates, particularly due to slowdowns in the manufacturing and finance sectors.
This graphic shows the 10 states with the least robust real GDP growth in 2023, based on data from the Bureau of Economic Analysis.
Weakest State Economies in 2023
Below, we show the states with the slowest economic activity in inflation-adjusted terms, using chained 2017 dollars:
| Rank | State | Real GDP Growth 2023 YoY | Real GDP 2023 |
|---|---|---|---|
| 1 | Delaware | -1.2% | $74B |
| 2 | Wisconsin | +0.2% | $337B |
| 3 | New York | +0.7% | $1.8T |
| 4 | Missississippi | +0.7% | $115B |
| 5 | Georgia | +0.8% | $661B |
| 6 | Minnesota | +1.2% | $384B |
| 7 | New Hampshire | +1.2% | $91B |
| 8 | Ohio | +1.2% | $698B |
| 9 | Iowa | +1.3% | $200B |
| 10 | Illinois | +1.3% | $876B |
| U.S. | +2.5% | $22.4T |
Delaware witnessed the slowest growth in the country, with real GDP growth of -1.2% over the year as a sluggish finance and insurance sector dampened the state’s economy.
Like Delaware, the Midwestern state of Wisconsin also experienced declines across the finance and insurance sector, in addition to steep drops in the agriculture and manufacturing industries.
America’s third-biggest economy, New York, grew just 0.7% in 2023, falling far below the U.S. average. High interest rates took a toll on key sectors, with notable slowdowns in the construction and manufacturing sectors. In addition, falling home prices and a weaker job market contributed to slower economic growth.
Meanwhile, Georgia experienced the fifth-lowest real GDP growth rate. In March 2024, Rivian paused plans to build a $5 billion EV factory in Georgia, which was set to be one of the biggest economic development initiatives in the state in history.
These delays are likely to exacerbate setbacks for the state, however, both Kia and Hyundai have made significant investments in the EV industry, which could help boost Georgia’s manufacturing sector looking ahead.
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