The consultancy company McKinsey & Company has announced the richest country in the world with its report. According to the report, China is one of the richest countries. In the last 20 years, China has increased its wealth by 113 trillion dollars to 120 trillion dollars.
According to many economists, the world stands on the brink of hyperinflation. While the discussions that the entire world economy is at risk of being turned upside down, the consultancy company McKinsey & Company has published a report showing where the world spends its wealth. with the report the most enriched 10 countries were also announced.
According to research by McKinsey & Company, global wealth has nearly tripled in the last 20 years (2000 – 2020) and $514 trillion dollars reached. In 2000, that number was $156 trillion. Throughout this process, China has managed to become the richest country in the world by constantly enriching itself. According to the results of the research, China is currently More than $120 trillion in possession.
China has increased its wealth by 113 trillion dollars in 20 years:
With an enormous wealth that surpasses the United States, China has been responsible for one-third of global wealth growth over the past 20 years. When China joined the World Trade Organization in 2001, its wealth was 7 trillion dollars today. With an increase of 113 trillion dollars It managed to climb to the level of 120 trillion dollars.
The ranking of the increase in the wealth of 10 countries with more than 60% of the world’s income between 2000 and 2020 was as follows:
- China – $113 trillion
- USA – $50 trillion
- Germany – $14 trillion
- France – $14 trillion
- United Kingdom – $7 trillion
- Canada – $7 trillion
- Australia – $7 trillion
- Japan – $3 trillion
- Mexico – $3 trillion
- Switzerland – $2 trillion
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Other important results from the research are as follows:
- In the world’s largest economies, the USA and China More than 2/3 of the wealth belongs to the richest 10% in your hand.
- 68% of global wealth is in real estate lies.
- The sharp rise in global wealth over the past 20 years has outstripped the rise in gross domestic product and is driven by falling interest rates. thanks to rising real estate prices fueled.
- The ideal solution, according to the report, is that world wealth expands global gross domestic product. spent on more productive investments will be.
- In asset prices could wipe out about a third of the global economy A collapse could happen and it would be a nightmare.