The world’s wealthiest countries
A new research has revealed the top 10 wealthiest countries in the world.
Released by New World Wealth, an organization providing wealth and political analysis over 120 countries around the world, the list does not rank countries by their individuals’ GDPs, but rather by the “total individual wealth”, referring to the private wealth held by all individuals in each country.
Moreover, the wealth refers to the net assets of a person, from property to cash, equity and business interest. However, it excludes government funds.
Below are the world’s wealthiest countries, according to the new report:
The wealth of Australia is valued at 4,500 billion US dollars. Having a population of only 22 million people, its ranking is regarded as “quite impressive”. The country has been one of the fastest growing countries on the list, according to New World Wealth.
The wealth of Canada is valued at 4,800 billion US dollars.
The wealth of Italy is valued at 5,000 billion US dollars. Australia and Canada are expected to overtake Italy in the next couple of years.
The wealth of India is valued at 5,200 billion US dollars. However, the majority of individuals living in India are quite poor, and it only makes the ranking due to its large population of over 1.2 billion people. India overtook Italy’s ranking over the past year.
The wealth of France is valued at 7,600 billion US dollars.
5. United Kingdom
The wealth of the United Kingdom is valued at 9,200 billion US dollars.
The wealth of Germany is valued at 9,400 billion US dollars.
The wealth of Japan is valued at 15,200 billion US dollars.
The value of China is valued at 17,300 billion US dollars. China has been ranked as the fast growing country on the list over the past 15 years, according to the findings.
1. United States
The value of the United States is valued at 48,700 billion US dollars.