This video will compare the top 10 countries by their total wealth - the total sum of the value of a country's assets minus its liabilities. If you enjoy this video, be sure to leave a like, comment, and subscribe!
@abraaobr17152 жыл бұрын
Brasil agora e a 10 maior economia do mundo
@tranducanh-ok2 жыл бұрын
Huh
@Ozzydur2 жыл бұрын
Just to clarify, this is the total net worth of all citizens of a country. American citizens own one third of all wealth in the world and the top 1% of Americans own 40% of all US wealth.
@jerryj56062 жыл бұрын
It's worse than that, The bottom 50 percent of U.S. residents only held 2 percent of all of U.S. wealth, 150 million people that is.
@mayanksoni90462 жыл бұрын
Top 3.3 million Americans own 13.2% of total wealth.we have population of 7.8 billion
@TheAnnoyingBoss2 жыл бұрын
Interesting so this isn't even accounting for the value of things not owned privately.
@TheAnnoyingBoss2 жыл бұрын
@@benchoflemons398 thank you top .6%
@GeronimoPlaz2 жыл бұрын
Income inequality does not equal suffering or more poor people. People really need to stop acting like that. What's the average citizen's buying power and how many people live in poverty? Those are the measures that matter. One man owned 2% of the American economy in the early 20th century. It's nothing new. I'm more concerned about freaks like Bill Gates being able to spend billions on media/political influence than I'm worried about how he affects the economy.
@noahengelstad12532 жыл бұрын
Loved the music. Worked well with the video.
@netflixtvshows41642 жыл бұрын
kzbin.info/www/bejne/rWPXnp-sa7KGpck
@GlobalRanking2 жыл бұрын
Awesome
@fulcrum60082 жыл бұрын
Once again, W 🇺🇸
@ssdskully2 жыл бұрын
Thanks for all the work you put in to make these videos! I love watching these.
@neomusic92972 жыл бұрын
random motivation u get at 3 am be like:
@WanderingCanadian12 жыл бұрын
We're doing quite alright here in Canada with a much smaller population than all of the other countries in the top 10
@owPhreak2 жыл бұрын
I would love to live in your country, coming from a small town Texan.
@shearerforgold2 жыл бұрын
Australia has like half your population for a very similar wealth amount which is quite surprising since most of that would be in housing you'd expect.
@MS-vk9ph2 жыл бұрын
Is that too hard when America pretty much gives you protection and favorable trading policies? I mean I know acting kinda high and mighty might feel good and all but you have to look at the context of that growth.
@seanthe1002 жыл бұрын
The US has 8x the population but 11x the wealth
@bobbbxxx Жыл бұрын
@@shearerforgold Their real estate is crazy expensive, and that is one thing that makes the "wealth" of some countries seem very high. By the way, it's 26 million for Aus, 38 million for Canada. Hasn't been half Canada's population for a very long time.
@AyutaTYujin2 жыл бұрын
0:23 Italy 4th🇮🇹🇮🇹🇮🇹unexpected.
@C1418OS2 жыл бұрын
Those were the good days, things have gone way downhill since then.
@gianluca6058 Жыл бұрын
North Italy has always been fuxxing rich, better than Germany. But the country is in a clear decline.
@reyhardzuarez55362 жыл бұрын
Hi ! what software you use in making this video and data analytic program in data gathering. I want to make this video for my thesis presentation. Thanks
@iillliiiilllii_iilll Жыл бұрын
0:07 반가워 대한민국😃
@adityashimoga432Ай бұрын
Now do one on wealth inequality
@twinsgoals66692 жыл бұрын
What would do to your channel still dismonetiz or solve ?
I'd love to see a video on the top 10 companies in the qqq etf since it was made
@FoodwaysDistribution2 жыл бұрын
Top 10 Bankrupt Countries
@FRC07112 жыл бұрын
What this actually shows is how wealthy Canadians and particularly Australians are on a per capita basis. Much smaller populations than the others.
@ANouveauWorld2 жыл бұрын
Not really, youre thinking of gdp per capita. This is the over all money the whole country makes as a state.
@FRC07112 жыл бұрын
@@ANouveauWorld That's what I said. I understand the chart.
@ANouveauWorld2 жыл бұрын
@@FRC0711 Ok bud. IF you think that Australians and Canadians are rich on a per perso basis i dont think you understand walth distribution.
@AW-zk5qb2 жыл бұрын
@@FRC0711 US is still richer than Canada and Australia per capita despite having more people and it is harder to keep a high per capita the more people you have, so the US is way more impressive
@LOLWAAHH2 жыл бұрын
I have no idea why you’re bringing Australia into this, they’re not even in the top 10.
@phillip_iv_planetking63542 жыл бұрын
America leads the way.
@jeanstewart94842 жыл бұрын
can you do star wars vs star trek
@JohnPaulChoate2 жыл бұрын
As an American I thought China would be much closer! It is nice to see that large gap though 😂
@JohnPaulChoate2 жыл бұрын
@@cheistiandunn7988 That makes sense since a lot of Chinese people are rural
@donderstorm18452 жыл бұрын
@@JohnPaulChoate it's not really what he said. most chinese aren't peasants lol. it's just that wages in the US are still way higher because the US industrialized much earlier. so the super wealthy in the US are simply richer than their chinese counterparts. inequality in china is bad, but it's even worse in the US. the gap between the rich and poor is insane.
@donderstorm18452 жыл бұрын
@@cheistiandunn7988 the rural population is something like 38% now, not 80. also most rural chinese aren't peasants.
@JohnPaulChoate2 жыл бұрын
@@donderstorm1845 I think what he meant to say is still a lot below the poverty line or off the grid so to speak. Which is definitely the case in rural China. At least compared to a developed nation like the US.
@donderstorm18452 жыл бұрын
@@JohnPaulChoate even if he meant that, his percentage is still way off.
@AwesomeDude7992 жыл бұрын
*'MERICA*
@user-taxang2 жыл бұрын
The annual salary of a Japanese office worker is about $40 less than it was 30 years ago, while prices are rising year after year. In addition, about one in three of the population is elderly, and with only taxes and prices continuing to rise, and no prospect of economic recovery, Japan's future is very bleak.
@VR36030 Жыл бұрын
Hope the lost decades end soon for Japan.
@Jaearzen Жыл бұрын
올해 일본 2분기 gdp 1.5퍼 성장 우린 0.6인데 부럽다 ㅠ
@InfoNympho442 жыл бұрын
This seems to be the net worth of a country's citizens, not the net wealth of the state...right?
@FlyByWire12 жыл бұрын
Yes.
@stevenmark44072 жыл бұрын
With all the US wealth. They still have a huge homeless issue
@CheapSquierBassPlayer2 жыл бұрын
0.2% is huge for foreigners apparently.
@spicysnowman8886 Жыл бұрын
That's a big city issue, I'm in a relatively small town, we have virtually no homeless people.
@michaelbuschow5244 Жыл бұрын
China is 2x worse
@zuhmn83402 жыл бұрын
Asians vs Westerners
@czhu46462 жыл бұрын
What happend to Germans in 2020, why did they get so much more than other Europeans during COVID?
@Miss7ilac Жыл бұрын
Because they invented a vaccine.
@ganekim2 жыл бұрын
I think we should take the debt out of the assets..
@FlyByWire12 жыл бұрын
We did. If you read the description, this is NET wealth. So that’s total assets minus total liabilities. So there is no debt in this figure at all. The US is just THAT wealthy.
@winterkks2 жыл бұрын
@@FlyByWire1 In the case of Japan, the national debt ratio is 263% and 48% of the annual budget of 1,000 trillion won is used to pay back the principal and interest. being maintained by the United States.
@ganekim2 жыл бұрын
@@FlyByWire1 japan manipulates GDP and companies are good at manipulating accounting fraud...
@FlyByWire12 жыл бұрын
@@ganekim Japan does not manipulate anything. The Japanese Statistics Bureau calculates GDP and other economic indicators the same way that every other national statistics bureau does.
@ganekim2 жыл бұрын
@@FlyByWire1 Really? OK. I'll trust You.
@themainstats36782 жыл бұрын
China is ready🔥
@zieo82182 жыл бұрын
china is ready to burn?
@rome316ae32 жыл бұрын
India and China🇮🇳🇨🇳❤
@Stellar_lnsights2 жыл бұрын
The future looks bright for my nation😌
@pritsingh97662 жыл бұрын
Sad news for communists, Iibrandus and g-hadis .😭😭
@ghostz1z2 жыл бұрын
@@JackHudler which one
@kb98802 жыл бұрын
@@ghostz1z India
@eric112 жыл бұрын
Yeah but you have to fix your inequality problems
@rome316ae32 жыл бұрын
@@eric11 what inequality?
@doggo29952 жыл бұрын
See how almost every country sped up at the end there. That was because we all started printing our money. Now we will suffer from the inflation, wars and civil discourse over the next 5 or more years because of it :/
@ThatColtGuy2 жыл бұрын
Yep
@alethiapotter92182 жыл бұрын
Truth. Printing causes devaluation worldwide.
@FlyByWire12 жыл бұрын
That’s not at all how this works. Currency makes up an astronomically small proportion of wealth in any economy. In addition, expanding the money supply doesn’t make the assets you ALREADY own worth more. Your comment defeated your entire argument bc of simple logic. If you expand the money supply and your currency is worth less (as you suggested), why would that make asset values (wealth) increase? Please go read a monetary economics book.
@FlyByWire12 жыл бұрын
@@alethiapotter9218 I can tell you’re one of those people who actually thinks expanding the money supply means printing physical bills and boxes of cash. HAHAHAHAHAHA the fact that you don’t even see the fallacy in your own argument is truly concerning. If said currency was devaluing from “money printing,” then how would assets valued in that currency be increasing? See how that makes no logical sense at all. We really should make basic economics classes mandatory in high schools lmao
@Basic-wm8uf3 ай бұрын
2014 onwards: Modi Effect!
@BC-kt4tk2 жыл бұрын
India already crossed united kingdom( thief of india for 200 year) and near to crossed Fernce
@peraltaisrael25982 жыл бұрын
India 1400 million. France and England 60 millon each.
@johnxina49062 жыл бұрын
China is the best. Love china from Taiwan province 🇨🇳❤
@Killerswarm-bk6rd2 жыл бұрын
I feel bad for Japan it was in second place and then china comes up a leaves Japan in the dust
@jerryj56062 жыл бұрын
When the US is printing trillions of dollars does that count towards their wealth?
@FlyByWire12 жыл бұрын
@First name Last name except this is all private wealth, not public wealth. In addition, “unfunded liabilities” aren’t a drastic concern because the liabilities can be funded in the future. That’s why they’re not considered in net wealth stats because they are not CURRENT liabilities. If a pension fund, for example, has liabilities of $10 billion and assets of $9 billion (meaning they have $1 billion in unfunded liabilities), that doesn’t mean the fund is in danger of collapsing. It just means that the fund has a deficit to make up. Almost all liabilities are never due so at the same time so it’s not a major concern. The fund for example will never (literally ever) have to pay out all of its liabilities at one time so having unfunded liabilities isn’t a crazy, major issue.
@FlyByWire12 жыл бұрын
@First name Last name I read Dalio’s book earlier this year and I did enjoy it, but his research and his book is focused primarily on consumer big debt crises, which is not the type of debt this original comment or this video is even concerning. I think a lot of people tend to forget that private debt is not public debt and public debt is not private debt. They operate entirely differently from one another and this critical distinction is why they’re usually studied separately.
@FlyByWire12 жыл бұрын
@First name Last name but yes, I do agree debt can in fact become untenable, but the US isn’t anywhere near that stage at all. And the US is perhaps the best country positioned to respond to any situation like that because of its massive privately held wealth. If the federal government wanted to close the deficit tomorrow, they 100% could. They could raise an additional trillion dollars in federal receipts annually if they wanted to, but they choose the path of deficit spending which provides a solid boost the economy.
@FlyByWire12 жыл бұрын
@First name Last name I’ve read quite a bit of Friedman during my Economics Masters program 😂😂😂😂 It’s alright to be ignorant, you don’t know any better. The ignorant ones always try to defend their argument with the conspiracy foolishness. “pUpPeT” LMAO is the earth flat too? 💀
@FlyByWire12 жыл бұрын
@First name Last name and I’m not off on anything. You’re just uneducated about the subject. The reason Treasury debt is considered “risk free” is precisely BECAUSE the government can raise taxes on a whim. It has the power and authority to do so regardless of what you think. Taxes are also not optional. That’s the difference in public and private debt. The US has an incredibly large wealth pool to pull revenue from if they so choose to do so and there’s nothing you could do about it but shut up and pay.
@goldmaple5290 Жыл бұрын
It's incredible how China has superseded so many nations to claim 2nd spot and is yet not part of the G7 nations, the 7th richest nations in the world. India is in 5th position and is not part of the G7. Are you sure this total wealth statistics are correct ? I heard China had superseded the US in GNP.
@greenearth9945 Жыл бұрын
They have not surpased United States in nominal terms but have in PPP terms since 2017
@Dominater4 Жыл бұрын
China has only passed the US in GDP PPP not anything else, so The US still has a higher nominal GDP, GDP per capita, GDP per capita PPP, and net worth.
@hilwaamanamankiyar-pp5bf6 ай бұрын
NEEA
@lawrenceobioma53262 жыл бұрын
What happened to luxumburg
@kimeli2 жыл бұрын
why are you asking about luxumburg?
@Nontan123452 жыл бұрын
Why Total Wealth ? GDP or GNP is a standard value of a country.
@driveman64902 жыл бұрын
2020- US is the wealthiest country in the world! 2021- Enter Sleepy Joe Biden 😒
@FlyByWire12 жыл бұрын
And it will continue to be the wealthiest. You’re an idiot if you think anything will change.
@simonhill40212 жыл бұрын
Moron
@jasontheconservative40562 жыл бұрын
We need trump back
@seanthe1002 жыл бұрын
Actually 2022 the wealth of the US actually grew it went from 30% of the world to 32% we took that from Europe sadly
@satwik31012 жыл бұрын
Top wealthiest County 1. USA 2. china 3. JAPAN 4. UK 5. FRANCE 6. INDIA 7. ITALY 8. CANADA
@davout57752 жыл бұрын
Germany?
@VIBHANSHU8222 жыл бұрын
You miss Germany
@todjonson31952 жыл бұрын
"china" is hostile attitude?
@orlandofurioso75462 жыл бұрын
The best 2 Nation Italy & Japan ...amen.
@Nontan123452 жыл бұрын
Why Total Wealth ? GNP or GDP is a standard value of a county.
@kimeli2 жыл бұрын
what are you trying to ask exactly?
@dinhtran-ld4hz Жыл бұрын
how much you make in one year or the total value of your life. Total Wealth is the better way most people judge a country wealth. GDP just show in and out but not much more details on money. For example Apple (made up) profits 20 billions 2022, the value of Apple is 2 trillions, US also profits from the fact that Apple IP is from US. While china mostly make 60% of the money from building Apple products lets say 20 billions. Different is Apple can go to Vietnam, India etc which is why US $1.00 is > China $1.00 US made close to 150billions dollars from just this passion income
@TomasuDesu Жыл бұрын
For a small island like Japan, they’re absolutely amazing
@watercutterlan1401 Жыл бұрын
this small island is bigger than Germany
@arunanarina1316 Жыл бұрын
Japan is 377.000 km2, still bigger than Germany, Italy or UK
@thecafcl8409 Жыл бұрын
Lol japan isn't small weebo
@TomasuDesu Жыл бұрын
@@thecafcl8409 I’m Japanese and it IS small. Everything is cramped here. Aren’t you the one who’s a weeaboo
@BausFan Жыл бұрын
Weeb
@sabby20642 жыл бұрын
Questionable data when the debt of U.S, BRITAIN, JAPAN exceed 100% of their GDP
@K0sm1cKid2 жыл бұрын
It's not GDP it's a sum of wealth present within the nation.
@phillip_iv_planetking63542 жыл бұрын
This is why your nation sucks. You cannot even properly read.
@sabby20642 жыл бұрын
@@K0sm1cKid that can't be done either as U.S has hell lot of corrupt black money
@ФедорГеоргиевич-ь1ю2 жыл бұрын
@@K0sm1cKid wealth stands on debt and bubble.
@JohnPaulChoate2 жыл бұрын
China has a lot of debt as well. But this is total wealth.
@jackychen55782 жыл бұрын
what country Wan is? HAHA
@ayushbanerjee2242 жыл бұрын
What's the rank of Pakistan🇵🇰 here??? 🤣🤣
@grovsmed43472 жыл бұрын
And now please with ALL DEBT! There would be no China no US and no germany :D
@nathanoher48652 жыл бұрын
Total US federal government unfunded obligations is estimated to be over $100,000,000,000,000 in addition to its $20 trillion debt. So yes, you are correct
@bee34672 жыл бұрын
i was under the impression that most of US debt is owed to itself😂
@nathanoher48652 жыл бұрын
@@bee3467 That’s correct. That’s what those unfunded obligations are, things like Medicare and social security. People receive what they get with newly printed money and that new printed money causes the currency to have less value over time. That difference creates debt
@bee34672 жыл бұрын
@@nathanoher4865 where are you getting this figure? 100 quadrillion??? I thought total was 30 trillion?
@nathanoher48652 жыл бұрын
@@bee3467 It won’t let me paste a link so look up “us unfunded obligations” or “us unfunded liabilities”. $100 trillion
@sussyboi42012 жыл бұрын
India 😂
@hollywoodstories2 жыл бұрын
There is a difference between Wealth and GDP. In wealth wise China already beat USA in 2022. Better make a full research video
@hypernova4123 Жыл бұрын
Nah....this is not GDP. US beat china in GDP and Total wealth
@hypernova4123 Жыл бұрын
In 2023. US $145 Trillion China $85 Trillion
@没有标识名11 ай бұрын
把wealth看成health了😂😅
@ahmedkhalid60262 жыл бұрын
I thought China had a lot more money? Aren’t they neck and neck with us economically?
@Ozzydur2 жыл бұрын
This is not a GDP.
@kb98802 жыл бұрын
GDP vs wealth. Also, things that are basically of the same value are a lot cheaper in China than in America that also plays a role here.
@le_meme_man89832 жыл бұрын
This is the total wealth of all the citizens minus debt
@CosmicCanvas6662 жыл бұрын
Muslim, go back to where you came from!
@davout57752 жыл бұрын
@@kb9880 not really. If you want to buy tech or car or even property the difference is not that big in some cases it is more expensive in China