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It is now the richest country in the world

It is now the richest country in the world

It has long been rumored that China may soon take over the United States’ role as the world’s leading superpower, and on the way to doing so, the Asian country has taken an important step in 2021: I outdid him America says in the global wealth ranking IFLScience.

China’s wealth grew from $7 trillion in the early 2000s to $120 trillion by 2020. During the same period, the wealth of the United States rose to “only” $90 trillion, falling behind in first place. China alone accounted for nearly a third of global wealth growth during this period, with its total rising from $156 trillion to $514 trillion.

Although the Asian country has a huge amount of money, it is not distributed among the entire population of the country, with an estimated two-thirds of the wealth going to the richest 10 percent. The same percentage can be observed in the United States.

a Global Citizen Solutions According to him, the United States of America came out better than China in the past year, which was full of crises. The United States regained the lead, and in 2022 it once again became the richest country in the world in terms of net worth, worth a whopping $145.8 trillion.

However, when countries are judged by GDP per capita, Luxembourg is the winner with $127,673, followed by Ireland, Norway and Switzerland.

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