172 Wealth Decline

Definition

Wealth growth is a measure of the increased gross domestic product, when adjusted for purchasing power parity, between 1975 and 2002. Between 1975 and 2002 the wealth of the world fell by 3.8 trillion PPP $US in those countries where a fall in gross domestic growth was recorded. Net world wealth growth is the rise in wealth (PPP US$21.5 trillion) minus the decline in wealth (PPP US$3.8 trillion) over 27 years. That is a net growth in world wealth of PPP US$17.7 trillion, which equates to roughly an extra PPP US$100 per person per year – had it been shared out equally.

Data sources

See technical notes 169; Wealth.

Click here to view detailed data source references

The source of the quote used on this poster is an article written by Emily Buchanan, entitled ‘Anaemia threatens Kyrgyzstan’s children’. The article appeared on the British Broadcasting Corporation’s news website in 1997. The quote itself comes from Talaibek Yernazarov. This quote was accessed in July 2006 from the website below:

http://news.bbc.co.uk/1/hi/world/40225.stm

Excel sheets

Below is an explanation of each of the columns in the excel file:

Column A = Unique numerical territory (see 001).

Column B = Region and territory names (see 001).

Column C = Region code (see 001).

Column D = The ISO 3 code, or ISO ALPHA-3 (see 001).

Column E = Gross decrease between 1975 and 2002 in Gross Domestic Product (GDP) in billions of US$ adjusted for purchasing power parity. This is calculated by multiplying the gross decrease in GDP per person 1975-2002 (Column F) by the population in millions (Column G), and dividing this by 1000 so that the numbers are in billions. (E = F * G / 1000).

Column F = Gross decrease per person between 1975 and 2002 in Gross Domestic Product (GDP) in US$ adjusted for purchasing power parity. If the annual percentage increase between 1975 and 2002 is greater than zero, then zero decrease in recorded. If the annual percentage increase between 1975 and 2002 is less than zero, then the following calculation is undertaken: (-F = GDP per person US$ 2002 – GDP per person US$ 2002 / [1 + annual per person GDP percentage increase / 100] 27 ).

Column G = Population in millions, 2002. See technical notes 002, Total Population.