Friday , 27 December 2024

A Look At the Relative Wealth Of People Around the World (+2K Views)

The world economy is complex, but today’s series of maps will allow you to simplify your understanding of the relative wealth of people around the globe.

Global Finance Magazine recently collated data from the World Bank on Gross National Income (GNI) per capita for 204 countries. Each country was placed in one of four groups:

Low income: $1,045 or less
Lower-middle income: $1,046 to $4,125
Upper-middle income: $4,126 to $12,745
High income: $12,746 or more

[Interestingly,] based on the data of the 204 countries surveyed, below is a breakdown of the number of countries that fall within each of the four income groups listed above.

  • Low income: 17%
  • Lower-middle income: 25%
  • Upper-middle income: 26%
  • High income: 32%

The good people at HowMuch.net, a cost information site, helped to transform this information on the richest and poorest countries into the following visuals:

The Richest and Poorest Countries

Income groups in North America
Income groups in South America
Income groups in Europe
Income groups in Africa
Income groups in Asia
Income groups in Oceania

Disclosure: The original article, written by Jeff Desjardins (VisualCapitalist.com), was edited ([ ]) and abridged (…) by the editorial team at munKNEE.com (Your Key to Making Money!) to provide a fast and easy read.
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