How much wealth is there in the world? and where is the wealth of the world distributed?  

5 Answers | Add Yours

rrteacher's profile pic

rrteacher | College Teacher | (Level 2) Educator Emeritus

Posted on

litteacher8's profile pic

litteacher8 | High School Teacher | (Level 3) Distinguished Educator

Posted on

Wealth is also constantly changing. What is worth something today could be worth less or more tomorrow. We certainly learned that when the stock markets and housing markets crashed. Stock figures are just gambling and speculation, and not really money. Real estate is similarly valuable. Anything is only worth what someone is willing to pay, so wealth is a moving target.
pohnpei397's profile pic

pohnpei397 | College Teacher | (Level 3) Distinguished Educator

Posted on

You could try to estimate it by looking not at taxes but at figures for Gross Domestic Product.  Places like the CIA Factbook try to give GDP figures for every country.  These are somewhat iffy at times because of things like underground economies, but they would give you some idea of how much in the way of goods and services is produced in the world each year.

But is that wealth?  How do we account for things like quality of life?  Or do intangibles like that even count as wealth? 

literaturenerd's profile pic

literaturenerd | High School Teacher | (Level 2) Educator Emeritus

Posted on

I think actual numbers would be impossible to decide upon. the only way one could come close to estimating the wealth in the world would be to look at taxes (but not all countries require income tax), expenses, and account information of individuals. Unfortunately, two problems arise here: many people would not allow their income to be scrutinized by third-parties and a lot of money is accumulated and distributed "under the table."

underdog3's profile pic

underdog3 | Student, Grade 9 | eNotes Newbie

Posted on

Merrill Lynch World Wealth Report 2010 (available online) states global market capitalization is $47.9 trn. The combined global wealth of individuals with investable assets >$1 mn (excluding primary residence) is $39.0 trn. These numbers are likely a large fraction of the global total.

We’ve answered 319,627 questions. We can answer yours, too.

Ask a question