“Measured in current US dollars, total global wealth rose from USD 117 trillion in 2000 to 317 trillion in mid-2018, a rise of USD 200 trillion, equivalent to roughly 2.5 times global GDP.”
This is Timothy Taylor, aka The Conversable Economist, quoting a Credit Suisse Research Institute report titled Global Wealth Report 2018.
That is awesome!
Tim does a really nice job of highlight the most important parts of Credit Suisse’s long report.
READER COMMENTS
Robert EV
Nov 1 2018 at 1:20am
I’m curious to see the financial vs. real vs. debts trendline since 2000 (i.e. the last figure over time).
I’m also curious as to how fast this wealth is projected to be destroyed vs. wealth of earlier years (e.g. if you’ve got it in fancy gadgets with short mean-time-between-failures vs. the apocryphal repairable and maintainable gadgets of earlier years).
CZ
Nov 1 2018 at 5:04am
I’m not sure that’s awesome. Wealth growing that much faster than GDP could just mean we have more claims on the same amount of production.
Sven
Nov 1 2018 at 5:51am
Not true. GDP is a metric which counts production per year. Wealth is not.
If GDP is “used” to create wealth via investing in capital, then wealth can grow much faster than GDP itself.
Jon Murphy
Nov 1 2018 at 8:04am
Wow. That’s way more than I would have anticipated.
It’s especially heartening to me to see the smaller slivers (Asia-Pacific, China, Africa) growing as well.
Seppo Mäntylä
Nov 1 2018 at 10:35am
Could you try to get this kind of graph images in bigger sizes & higher resolutions in future?
I’ve seen multiple blog-posts where the graphs are hardly bigger than stamp-sized on my 27″ screen and zooming in makes them just blurry.
At least here the texts are readable when zoomed in, but having the graph twice or three times as big would be very nice.
Comments are closed.