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Global wealth has grown overall—but at the expense of future prosperity and by exacerbating inequalities, according to the World Bank’s new Changing Wealth of Nations report.
Dec 10, 2021 · The latest World Inequality Report highlights the extent of wealth and income inequalities between and within countries. The COVID-19 pandemic has exacerbated many existing inequalities. Political action is necessary to tackle income inequality, the report's authors argue.
How are incomes and wealth distributed between people? Both within countries and across the world as a whole? On this page, you can find all our data, visualizations, and writing relating to economic inequality.
The concentration of wealth directly or indirectly affects all elements of the 2030 Agenda. Extreme economic inequality is, for instance, integrally linked with persistent and chronic poverty (SDG 1).
Apr 17, 2017 · Global inequality is driven by changes in both the inequality within countries, and the inequality between countries. This visualization shows how both of these changes determine the changing global inequality. Inequality within countries followed a U-shape pattern over the 20th century.
Dec 9, 2021 · The vast majority of the world is very poor. The poorer half of the world, almost 4 billion people, live on less than $6.70 a day. If you live on $30 a day, you are part of the richest 15% of the world ($30 a day roughly corresponds to the poverty lines set in high-income countries). Inequality can be very high within countries.
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Sep 27, 2013 · The wealth-to-income ratios of rich countries have been increasing since the 1970s. In the top eight developed economies, according to official national balance sheets, aggregate private wealth has risen from about two to three times national income in 1970 to a range of four to seven times today.
