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Visualizing the Pyramid of Global Wealth Distribution



Global wealth distribution pyramid

Visualizing the Pyramid of Global Wealth Distribution

Who controls global wealth?

In 2022, the world’s millionaires held nearly half of net household wealth. Decades of low interest rates led equities and real estate values to soar, and these assets are disproportionately held among the world’s wealthiest.

While a steep rise in interest rates decreased these fortunes in 2022, the share of wealth controlled by the global millionaire population remains substantial.

The above graphic shows the distribution of global household wealth, based on the annual 2023 UBS Global Wealth Report.

The Distribution of Global Wealth

Worldwide net private wealth stood at $454.4 trillion in 2022.

Here’s how it was distributed across various levels of net worth, which takes a person’s financial and real assets such as housing, and subtracts their debt:

Net WorthNumber of AdultsShare of AdultsTotal WealthShare of Global Wealth
More than $1 million59.4M1.1%$208.3T45.8%
$100,000 to $1 million642.0M12.0%$178.9T39.4%
$10,000 to $100,0001.8B34.4%$61.9T13.6%
Less than $10,0002.8B52.5%$5.3T1.2%

The highest wealth rung controls $208.3 trillion in wealth, or 45.8% of the global total. Just 1.1% of the world adult population fall in this bracket.

Those with $100,000 to $1 million have the next greatest share, at 39.4% of net household wealth.

We can see that wealth ownership begins to decline dramatically in the next bracket. People with $10,000 to $100,000 control just 13.6% of global wealth. However, the number of people in the global middle class have more than doubled over the last two decades, driven by the rapid expansion of China.

Interestingly, the lowest segment of wealth has shrunk considerably since 2000. Between 2000 and 2022, it fell from 80.7% to 52.5% of the global population, and is projected to keep decreasing. Despite this, the total share of wealth controlled by this rung is just 1.2% of the global total.

Future Outlook

By 2027, global wealth is estimated to reach $629 trillion. Here’s the forecast for how wealth distribution is set to evolve:

Net WorthPercent of Global Adults
Percent of Global Adults
Percent of Global Adults
More than $1 million0.4%1.1%1.5%
$100,000 to $1 million5.5%12.0%14.8%
$10,000 to $100,00013.4%34.4%37.0%
Less than $10,00080.7%52.5%46.6%

Over this time period, the global millionaire population is set to reach 86 million. Below, we show how this is projected to change in select markets:

Country / RegionNumber of Millionaires
Number of Millionaires
🇺🇸 U.S.22.7M26.4M16%
🇨🇳 China6.2M13.2M112%
🇫🇷 France2.8M4.0M43%
🇯🇵 Japan2.8M3.9M40%
🇩🇪 Germany2.6M3.4M30%
🇬🇧 UK2.6M4.8M86%
🇨🇦 Canada2.0M3.3M63%
🇦🇺 Australia1.8M2.8M53%
🇮🇹 Italy1.3M1.7M25%
🇰🇷 South Korea1.3M2.1M64%
🇳🇱 Netherlands1.2M1.4M17%
🇪🇸 Spain1.1M1.4M25%
🇨🇭 Switzerland1.1M1.5M39%
🇮🇳 India849,0001.4M69%
🇹🇼 Taiwan765,0001.3M70%
🇭🇰 Hong Kong SAR630,0001.1M73%
🇧🇪 Belgium536,000746,00039%
🇸🇪 Sweden467,000670,00044%
🇧🇷 Brazil413,000788,00091%
🇷🇺 Russia408,000569,00040%

As the above table shows, double-digit growth in the millionaire population is projected for many markets, with China, Brazil, and the UK forecast to see the fastest growth by 2027.

Overall, total global wealth is forecast to increase 6.7% annually on average by 2027 factoring in current global inflation forecasts and GDP projections.

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Visualizing U.S. GDP by Industry in 2023

Services-producing industries account for the majority of U.S. GDP in 2023, followed by other private industries and the government.



u.s. gdp by industry

Visualizing U.S. GDP by Industry

The U.S. economy is like a giant machine driven by many different industries, each one akin to an essential cog that moves the whole.

Understanding the breakdown of national gross domestic product (GDP) by industry shows where commercial activity is bustling and how diverse the economy truly is.

The above infographic uses data from the Bureau of Economic Analysis to visualize a breakdown of U.S. GDP by industry in 2023. To show this, we use value added by industry, which reflects the difference between gross output and the cost of intermediate inputs.

The Top 10 U.S. Industries by GDP

As of Q1 2023, the annualized GDP of the U.S. sits at $26.5 trillion.

Of this, 88% or $23.5 trillion comes from private industries. The remaining $3 trillion is government spending at the federal, state, and local levels.

Here’s a look at the largest private industries by economic contribution in the United States:

IndustryAnnualized Nominal GDP
(as of Q1 2023)
% of U.S. GDP
Professional and business services$3.5T13%
Real estate, rental, and leasing$3.3T12%
Educational services, health care, and social assistance$2.3T9%
Finance and insurance$2.0T8%
Wholesale trade$1.7T6%
Retail trade$1.5T6%
Arts, entertainment, recreation, accommodation, and food services$1.2T4%
Other private industries$2.6T10%

Like most other developed nations, the U.S. economy is largely based on services.

Service-based industries, including professional and business services, real estate, finance, and health care, make up the bulk (70%) of U.S. GDP. In comparison, goods-producing industries like agriculture, manufacturing, mining, and construction play a smaller role.

Professional and business services is the largest industry with $3.5 trillion in value added. It comprises establishments providing legal, consulting, design, administration, and other services. This is followed by real estate at $3.3 trillion, which has consistently been an integral part of the economy.

Due to outsourcing and other factors, the manufacturing industry’s share of GDP has been declining for decades, but it still remains a significant part of the economy. Manufacturing of durable goods (metals, machines, computers) accounts for $1.6 trillion in value added, alongside nondurable goods (food, petroleum, chemicals) at $1.3 trillion.

The Government’s Contribution to GDP

Just like private industries, the government’s value added to GDP consists of compensation of employees, taxes collected (less subsidies), and gross operating surplus.

GovernmentAnnualized Nominal GDP
(as of Q1 2023)
% of U.S. GDP
State and Local$2.1T8%

Figures may not add up to the total due to rounding.

State and local government spending, largely focused on the education and public welfare sectors, accounts for the bulk of value added. The Federal contribution to GDP amounts to roughly $948 billion, with 52% of it attributed to national defense.

The Fastest Growing Industries (2022–2032P)

In the next 10 years, services-producing industries are projected to see the fastest growth in output.

The table below shows the five fastest-growing industries in the U.S. from 2022–2032 in terms of total output, based on data from the Bureau of Labor Statistics:

IndustrySectorCompound Annual Rate of Output Growth (2022–2032P)
Software publishersInformation5.2%
Computing infrastructure providers, data processing, and related servicesInformation3.9%
Wireless telecommunications carriers (except satellite)Information3.6%
Home health care servicesHealth care and social assistance3.6%
Oil and gas extractionMining3.5%

Three of the fastest-growing industries are in the information sector, underscoring the growing role of technology and digital infrastructure. Meanwhile, the projected growth of the oil and gas extraction industry highlights the enduring demand for traditional energy sources, despite the energy transition.

Overall, the development of these industries suggests that the U.S. will continue its shift toward a services-oriented economy. But today, it’s also worth noticing how services- and goods-producing industries are increasingly tied together. For example, it’s now common for tech companies to produce devices, and for manufacturers to use software in their operations.

Therefore, the oncoming tide of growth in service-based industries could potentially lift other interconnected sectors of the diverse U.S. economy.

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