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Ranked: The 10 Wealthiest Countries in the World

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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:

RankCountryWealth ($ Trillions)Change (2007-2017, %)
#1United States$62.620%
#2China$24.8198%
#3Japan$19.522%
#4United Kingdom$9.9-2%
#5Germany$9.70%
#6India$8.2160%
#7France$6.6-11%
#8Canada$6.425%
#9Australia$6.183%
#10Italy$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. RankCountryProj. Wealth ($ Trillions, 2027)Change (2017-2027, %)
#1United States$75.120%
#2China$69.4180%
#3Japan$25.430%
#4India$24.7200%
#5United Kingdom$10.910%
#6Germany$10.610%
#7Australia$10.470%
#8Canada$8.330%
#9France$7.310%
#10Italy$4.710%

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.

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Mining

An Investor’s Guide to Copper in 3 Charts

Explore three key insights into the future of the copper market, from soaring demand to potential supply constraints.

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An investor's guide to copper in 3 charts

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The following content is sponsored by iShares

An Investor’s Guide to Copper

Copper is the world’s third-most utilized industrial metal and the linchpin of many clean energy technologies. It forms the vital connections in our electricity networks, grid storage systems, and electric vehicles.

In this graphic, sponsored by iShares, we dig into the forces that are set to shape the future of the copper landscape.

How Much Copper Do We Need?

Copper is poised to experience a remarkable 54% surge in demand from 2022 to 2050.

Here’s a breakdown of the expected demand for copper across clean energy technologies.

Technology2022 (kt)2050P (kt)
Electricity networks43648862
Other low emissions power generation93.7142.2
Solar PV756.81879.8
Grid battery storage24.6665.2
Wind453.5 1303.3
Hydrogen technologies-0.22
Electric vehicles370 3582.9
Other uses19766 22382

Copper is vital in renewable energy systems such as wind turbines, solar panels, and electric vehicle batteries because of its high electrical conductivity and durability.

It ensures the effective transmission of electricity and heat, enhancing the overall performance and sustainability of these technologies.

The rising demand for copper in the clean energy sector underscores its critical role in the transition to a greener and more sustainable future.

When Will Copper Demand Exceed Supply?

The burgeoning demand for copper has set the stage for looming supply challenges with a 22% gap predicted by 2031.

Given this metal’s pivotal role in clean energy and technological advancements, innovative mining and processing technologies could hold the key to boosting copper production and meeting the needs of a net-zero future.

Investing in Copper for a Prosperous Future

Investors looking for copper exposure may want to consider an ETF that tracks an index that offers access to companies focused on the exploration and mining of copper.

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