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Dec 18, 2023 · The global economy was projected to grow by 1.7% in 2023 and 2.7% in 2024, with the sharp downturn in growth expected to be widespread. Forecasts in 2023 were revised down for 95% of advanced economies and nearly 70% of emerging market and developing economies.
Apr 17, 2017 · The previous and the following visualization show how high global income inequality is. The cut-off to the richest 10% of the world in 2013 was 14,500 int-$; the cut-off for the poorest 10% was 480 int-$. The ratio is 30.2. While global inequality is still very high, we live in a period of falling inequality.
- ‘The one per cent’ winners take (almost) all. The study shows that the richest one per cent of the population are the big winners in the changing global economy, increasing their share of income between 1990 and 2015, while at the other end of the scale, the bottom 40 per cent earned less than a quarter of income in all countries surveyed.
- Four global forces affecting inequality. The report looks at the impact that four powerful global forces, or megatrends, are having on inequality around the world: technological innovation, climate change, urbanization and international migration.
- Opportunities in a crisis. As the UN’s 2020 report on the global economy showed last Thursday, the climate crisis is having a negative impact on quality of life, and vulnerable populations are bearing the brunt of environmental degradation and extreme weather events.
- Migration a ‘powerful symbol of global inequality’ The fourth megatrend, international migration, is described as both a “powerful symbol of global inequality”, and “a force for equality under the right conditions”.
The Rise of Inequality and Its Contested Meanings. While poverty has been diminishing in absolute terms and relative income has been growing on a global scale for over two centuries, inequality – as measured by instruments such as the GINI coefficient – has been increasing since the early 1980s. With the financial crisis of 2007, the ...
According to the UBS Global Wealth Report, in 2023 the world’s richest 1 percent, those with more than $1 million, owned 47.5 percent of all the world’s wealth – equivalent to roughly $214 trillion. Adults with less than $10,000 make up nearly 40 percent of the world’s population, but hold less than 1 percent of the world’s wealth.
On this page, you can find all our data, visualizations, and writing relating to economic inequality. This evidence shows us that inequality in many countries is very high and, in many cases, has been on the rise. Global economic inequality is vast and compounded by overlapping inequalities in health, education, and many other dimensions.
May 16, 2023 · Global inequality—the sum of within-country and between-country inequality—has declined somewhat since around 2000, with the fall in between-country inequality more than offsetting the rise in ...
