Weekly Viz 2020-02-17

All the World’s Wealth in One Visual

About Makeover Monday

MakeoverMonday is a social data project: “Each week we post a link to a chart, and its data, and then you rework the chart. Maybe you retell the story more effectively, or find a new story in the data. We’re curious to see the different approaches you all take. Whether it’s a simple bar chart or an elaborate infographic, we encourage everyone of all skills to partake. Together we can have broader conversations about and with data.”

Starting from Jan 08, 2018, I decided to put aside one hour on Monday weekly to create some visualization and find some insights from the data.

The datasets are published each week at: MakeoverMonday Datasets.

Makeover Monday 20200217

This week’s data is about world wealth. The original viz can be found here. It says, based on a new global wealth report from Credit Suisse, Americans control almost 30% of the entire world’s wealth. Based on the population of the US, this actually tells how much wealth is skewed towards those most developed countries…

My Visualization

To understand how skewed the country wealth size is, I put top 1 (US), top 2 to 4 (China, Japan, Germany), top 5 to 20, and 20+ together, to compare the total wealth of each group.

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Please notice that all the visualizations are designed for desktop view, so it is recommended to view them on a desktop device.

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Insights

• US population only counts for 4% of global population, but it owns almost 30% of the global wealth;
• The total wealth of top 2nd to 4th countries barely catch the wealth of the US;
• And the total wealth of the 5th to 20th countries is just about the size of US wealth;
• Meanwhile, total wealth of the countries ranked over 20th is even lower than the top 2nd country (China), less than half of US wealth…

Follow this link to find more weekly vizzes :)