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global economy
Business / 15 weeks ago
Countries richer than the global average
Although the global average for GDP per capita at purchasing power parity (PPP) is estimated at roughly $24,250 in both 2024 and 2025, there are a few nations that surprisingly exceed the global average. According to the latest estimates from the International Monetary Fund (IMF) and the World Bank, countries exceeding the global PPP average span several regions.
Business / 17 weeks ago
World leaders' annual salaries show vast global disparities
A new report from the World Population Review unveils eye-opening figures about the annual salaries of heads of state across 40 selected countries. The data provides insight into how national leaders are compensated and how that compensation compares to their countries' economic realities. At the top of the chart, Saudi Arabia’s head of state stands out with a huge $9.6 billion annual salary. Not far behind is the United Arab Emirates (UAE) at $4.61 billion, followed by Kuwait with $165 million and Monaco at $52 million. These figures, mostly from oil-rich monarchies or high-net-worth microstates, dwarf the salaries of leaders in Western democracies.
Business / 20 weeks ago
Global billionaire boom: U.S. leads as number of billionaires tops 3,000 in 2025
The number of billionaires worldwide has surpassed 3,000 for the first time in history, according to Nairametrics. The 2025 billionaire count stands at 3,028 individuals, reflecting a striking transformation in global capital distribution and entrepreneurial expansion. According to the 2025 Billionaire Wealth Study by the COSMOS Analytic Institute, total billionaire wealth now exceeds $14.5 trillion, up 12% from 2024. Analysts warn, however, of growing wealth concentration—just 10% of billionaires hold over 60% of this wealth, echoing concerns flagged by economists at Forbes’ Global Wealth Roundtable.
Business / 23 weeks ago
The fastest-growing millionaire populations: Countries to watch
As economic recovery and wealth policies reshape the landscape of high-net-worth individuals, the UBS Global Wealth Report shines a spotlight on the countries with the fastest-growing millionaire populations. Here’s a detailed look at the key findings, projections, and what they mean for the global economy. According to the report, Taiwan leads the pack with an astounding 47% growth rate in its millionaire population. This growth is fueled by the country’s tech-driven economy, a thriving semiconductor industry, and strong exports.
Business / 26 weeks ago
Meet the top 10 diamond producers in the world
Diamonds are among the most coveted and valuable natural resources globally, and while the average national diamond production value is just over $218 million, the top five producers far exceed this, highlighting an obvious concentration of economic benefit. According to the Kimberley Process, a global certification scheme established to prevent the trade of conflict diamonds, over 99% of the world’s rough diamond production now flows through conflict-free, regulated supply chains.
Business / 27 weeks ago
Global remittance rankings 2025: India leads the world with $125 billion sent home by expats
In 2025, global remittances continue to be a lifeline for millions of families and a critical pillar of many developing economies. The World Bank’s Global Migration and Development Report highlights that in over 70 low- and middle-income countries, remittance inflows now exceed foreign direct investment (FDI). Unlike volatile capital flows, remittances tend to remain stable during global crises, making them essential to economic resilience.
Business / 31 weeks ago
Global trade imbalance: Top 10 countries with the highest trade deficits in 2023
In 2023, the global economy saw an intensified shift in trade patterns, reflecting evolving consumer behavior, geopolitical tensions, and supply chain reconfigurations. At the forefront of this imbalance stood the United States, registering the world’s most significant trade deficit at $1.1 trillion, according to the latest figures available as of March 2025.
Business / 38 weeks ago
China, India projected to be the world's top economies in 2075
According to projections by Goldman Sachs, the global economic landscape is expected to grow by more than four times, reaching $280 trillion by 2075, with emerging markets, particularly in Asia and Africa, ascending in economic prominence. Based on real GDP measured in 2021 U.S. dollars, the outfit's analysis anticipates the following rankings for the world's largest economies by 2075:
