Wealth Share of Top 1%

[Lodestone]

I managed to download all the Credit Suisse Global Wealth Databooks from 2011 to 2018 and consolidated the top one percent wealth share data into a single table. As you can see (and has been reported), Thailand ranks number one for the most current year. Looking at the table, you can also see the trend the past eight years and compare it to other countries. Blanks for particular years and countries are for which there is no data.

 

Wealth Share of Top 1%
Country	2011	2012	2013	2014	2015	2016	2017	2018
Australia	19.5	20.5	20.4	21.1	21.4	22	22.9	22.4
Austria				29.3	29.3	29.5	31.1	28.1
Belgium				17.3	17.6	17.9	17.5	20.1
Brazil		41.4		45.7	48	47.9	43.5
Canada	24	25	24.7	24.4	25.1	25.6	26.1	24.5
Chile	36.4	34.8	43.5	41.1	43.2	43.5	39.8	32.4
China	33.1	32	33	37.2	39.4	43.8	47	32.6
Colombia				32.8	34	32.6	27.4	40.5
Czech Republic	33.4	33.1	33.9	38.6	39	38.6	30.6	40.1
Denmark		22.6	29.6	29.3	29.1	31.2	33.2	28.3
Finland	19.5	20.1	13.5	22	27.2	31	31.3	35.7
France	25.2	25.5	19.9	21.4	23.1	24.8	21.6	20.6
Germany	25.5	27.3	27.6	28.1	29.5	31.5	32.3	29.5
Greece				26.7	27.1	24.3	26.1	27.2
Hungary						17.6	10.6	23.2
India	46.8	48.8	48.7	49	53	58.4	45.1	51.5
Indonesia	43.2	45.6	47.9	50.3	53.5	49.3	45.4	46.6
Ireland	28.1	29.2	27.1	27.3	26.8	28	33.1	34.7
Israel	34.6	37.4	39.3	38.3	38.7	37.3	36	35.1
Italy	17.4	19.3	19.9	21.7	23.4	25	21.5	24.3
Japan	17.4	16.7	18.2	17.9	18.5	18.5	14.6	18.6
Korea		31.4		33.9	34.1	28.3	26.8	25.7
Mexico				33.7	36	38.2	28.4	39.8
Netherlands	27.6	27.8	22.3	22.7	23.8	24.4	22.3	23.2
New Zealand	25.8	26.4	25.1	23.9	17.5	19.8	23.8	25.7
Norway	27.7	28.3	28.1	28.9	25	27.4	30.6	30.5
Poland				33	33.7	31.9	39.2	33.9
Portugal				27.1	27.9	28	28.2	29.7
Romania				30.8			26.7	30.5
Russia		70.9		66.2	70.3	74.5	56	57.1
Singapore	23.1	24.9	28	28.6	30.7	33	34	33.2
Slovakia								13
South Africa	32.2	37.7	41.4	40.1	42.8	41.9	41.2	36.4
Spain	22.6	25.3	25.1	27	27.2	27.4	25.1	24.4
Sweden	31.2	30.6	29.9	30.8	31.6	35.9	41.9	36.7
Switzerland	34.8	35.2	35.3	30.9	34.8	24.8	28.9	28.7
Taiwan	30.5		30.9	32.7	32.4	32.8	29.6	28.2
Thailand	38.5	43.1	50.6	50.5	56	58	56.2	66.9
Turkey								54.4
United Kingdom	21.4	22.2	22.5	23.3	23.2	23.9	24.3	24.6
United States	36.8	37.2	36.6	38.4	37.3	42.1	38.3	35.3

 

 

[Halfaboy]

Thank you for compiling. Would it be possible to give some explanation ? Let's take the Thailand data for 2018. What does the 66.9 mean as the table has no cation for the columns.

 

Thanks....

[Thailand J]

33 minutes ago, Halfaboy said:

What does the 66.9 mean

The richest 1% owned 66.9% of the wealth of the country.

 

 

[Halfaboy]

All clear !

 

Thanks again for compiling....

[Ahab]

So what? It is not as if some people have money that other cannot make money. I have always thought that the argument against the top 1% of income earners was shallow. I guess if the top 1% of income earners had 100% of the wealth in a country that it could be a serious issue. If the 1% owned all the wealth would they still be considered the 1% or would only the top 1% of the formerly top 1% be a cause for concern?

 

I am not a religious kind of guy but the bible (and other books) has some pearls of wisdom, one of those pearls is that you should not be envious, and basically that is all this 1%  of wealth earners issue boils down to.

[Thailand J]

What about the tax burden of the rich? in US the top 1% paid about 40% of the total income tax , top 10% paid 70%, while the bottom 50% paid next to nothing.

 

[Ks45672]

If they were able to count hidden or undeclared wealth the numbers would be a lot higher

[Halfaboy]

Yes, think about wealth gained by drug traders and wealth collected by some dictators...

[topt]

For many of those countries (including Thailand) I would have to query how accurate the data is from one year to the next and how that data is compiled. Just look at the outliers in China, Colombia and even Switzerland.

Changes of more than 10% would suggest other reasons than just the very rich getting richer..........