What country has the fastest growing middle class? A report released by the U.K.-based analytical NGO and data refinery enterprise World Data Lab forecasts that Indonesia will have the world’s fastest-growing middle class population with
What country has the fastest growing middle class?
A report released by the U.K.-based analytical NGO and data refinery enterprise World Data Lab forecasts that Indonesia will have the world’s fastest-growing middle class population with 75.8 million, followed by Pakistan (59.5 million) and Bangladesh (52.4 million).
How big is the global middle class?
Pew assesses that in 2020, 17% of the global population was categorized as middle class (living on $10 to $20 per day); 51% as low income ($2.01 to $10), and 10% as poor (less than $2); 15% as upper-middle ($20.01 to $50), and 7% as high income (more than $50 per day).
What will be considered rich in 2030?
8. Net household wealth in 2030 could be as low as $108 trillion or as high as $124 trillion, depending on the long-term per- formance of the US economy (figure 6).
What is happening to the global middle class?
From 2011 to 2019, the global middle-class population increased from 899 million to 1.34 billion, or by 54 million people annually, on average. The pandemic is estimated to have erased a year of growth, leaving the global middle-class population nearly unchanged from 2019 to 2020.
What percentage of the world is considered poor?
How many people live in poverty in the world? About 9.2% of the world, or 689 million people, live in extreme poverty on less than $1.90 a day, according to the World Bank.
Does the middle class drive the economy?
But in fact, the opposite is the case: The middle class is the source of economic growth. A strong middle class provides a stable consumer base that drives productive investment. Beyond that, a strong middle class is a key factor in encouraging other national and societal conditions that lead to growth.
What percentage of world is rich?
According to the OECD in 2012 the top 0.6% of world population (consisting of adults with more than US$1 million in assets) or the 42 million richest people in the world held 39.3% of world wealth. The next 4.4% (311 million people) held 32.3% of world wealth. The bottom 95% held 28.4% of world wealth.
Which countries will grow the most by 2030?
From Good to Great
| Rank | Country | Proj. GDP (2030, PPP) |
|---|---|---|
| #1 | China | $64.2 trillion |
| #2 | India | $46.3 trillion |
| #3 | United States | $31.0 trillion |
| #4 | Indonesia | $10.1 trillion |
What country has the lowest poverty?
The Scandinavian and Benelux countries tend to have the lowest rates of poverty. For example, the overall rate of poverty in Denmark is only 5.5 percent.
What’s the forecast of the global middle class population?
Forecast of the global middle class population 2015-2030 Published by M. Szmigiera, Mar 30, 2021 By 2030, the middle-class population in Asia-Pacific is expected to increase from 1.38 billion people in 2015 to 3.49 billion people.
How big is the middle class in Asia?
As of 2015, the middle class population in the Asia-Pacific region totaled to 1.38 billion people. By 2030, this population will have increased to nearly 3.5 billion people.
Is the middle class on the rise in Sub-Saharan Africa?
In comparison, the middle-class population of sub-Saharan Africa is expected to increase from 114 million in 2015 to 212 million in 2030. While the middle-class has been on the rise, there is still a huge disparity in global wealth and income.
Why is the middle class disappearing in the United States?
In the United States, the debate about the middle class “disappearing” has been a popular topic due to the increase in wealth to the top billionaires in the nation. Due to this, there have been arguments to increase taxes on the rich to help support the middle-class.