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Subject:
Money -How much do they earn?
Category: Business and Money Asked by: thethinker1-ga List Price: $10.00 |
Posted:
05 Jan 2005 11:41 PST
Expires: 04 Feb 2005 11:41 PST Question ID: 452470 |
What do the top 10% of earners earn in a)UK b)Europe c)America d)worldwide? |
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There is no answer at this time. |
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Subject:
Re: Money -How much do they earn?
From: jack_of_few_trades-ga on 05 Jan 2005 13:42 PST |
Here's some old data (from the CIA World Factbook if no reference is given): United States: highest 10%: 30.5% (1997) GDP per capita: $37,800 Assuming highest 10% is still around 30.5%... 30.5 / 10 * $37,800 = $115,290 United Kingdom: highest 10%: 27.7% (1995) GDP per capita: $27,700 (2004) Again assuming the top 10% hasn't changed much... 27.7 / 10 * $27,700 = $76,729 Worldwide: Highest 10%: 53.4% (1992) http://www.econ.yale.edu/~krieger/world_inequality_1820-1992 GDP : $36.4T (2003) http://devdata.worldbank.org/external/CPProfile.asp?SelectedCountry=WLD&CCODE=WLD&CNAME=World&PTYPE=CP Population: 6.3B (2003) Worldbank also Once again we'll assume the top 10% hasn't changed alot (probably not more than a couple % change) $36.4T / 6.3B * 5.35 = $30,911 Good luck with Europe's top 10% info, but here is their GDP & Population: GDP : 1.4T (2003) Worldbank Pop : 472M (2003) Worldbank |
Subject:
Re: Money -How much do they earn?
From: jack_of_few_trades-ga on 05 Jan 2005 13:45 PST |
I expected a huge gap between the US and the world... but it's interesting to note that the world's top 10% make less than the US's average person. **the US makes up about 5% of the world's population 300M of 6B Any job offers out there for an aspiring economist with a BA in economics and a couple years of finance experience? |
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