ie. The total amount currently in circulation divided by the global population. Or put another way - what is the average personal wealth ?
2007-07-03 12:40:13 · 6 answers · asked by ____ 2 in Social Science ➔ Economics
There is about $820 billion dollars of U.S. currency in circulation; the majority is held outside the United States. About 60 % of the world reserve currency is held in dollars. As a rough estimate use the total of all currencies equal 2 to 3 times the US dollar or $1.6 to $2.4 trillion. This would give about $300 to $400 a person.
Most wealth is not held in currency but in other assets and one UN estimate is about $25,000 a person or about three times average yearly income.
http://www.wider.unu.edu/research/2006-2007/2006-2007-1/wider-wdhw-launch-5-12-2006/wider-wdhw-press-release-5-12-2006.pdf
2007-07-03 20:22:54 · answer #1 · answered by meg 7 · 0⤊ 0⤋
I don't think you can accurately answer that because of constantly changing economies. I would assume many countries can not accurately estimate how much of their money is in circulation, especially those who many have many forms of it out there (European countries for example, who may have Euros and/or their own forms of currency). You also have to take into account how much is counterfit and essentially worthless. But, if you think of it this way, Bill Gates is estimated to have about 58 billion (or did at one time not long ago), and since ther are roughly 6 billion people in the world, he could give everyone about $9 and still be a billionaire. Now take into account that there are over 500 billionaires world wide, that is a huge sum of money. If the average wealth of each one is 3.2 billion, the population would be worth approximately $267 a piece. Now, that doesn't do a whole lot for the answer you're looking for, but it once again goes back to the question of how accurate can a count be because I'm sure there are a lot of people out there who have a lot of unreported money.
2007-07-03 20:31:24 · answer #2 · answered by Sir Adam 3 · 1⤊ 0⤋
5 % of the population own 99% of the wealth ,the rest of us are left with servitude
2007-07-05 18:05:47 · answer #3 · answered by paul t 4 · 1⤊ 0⤋
ummm well you would have to look up each countries GPA per capita and then divide it by however many countries there are. lots of math. only do it if you have a calculator and a lot of time.
2007-07-03 21:31:23 · answer #4 · answered by Anonymous · 0⤊ 0⤋
I hope I have my fair share
bet it's lower than we think because of the third world countries
2007-07-05 14:14:58 · answer #5 · answered by Diamond 7 · 0⤊ 0⤋
estimates at about 2500 per person will give you a working out tomorrow..
2007-07-03 19:48:14 · answer #6 · answered by Pandora 5 · 0⤊ 0⤋