Global economic development has led to an increase in prosperity and financial security, with economic output rising by 67% since 2010. The population living on $3 or less daily diminished from 21.0% to 10.2%. There are now over 60 million millionaires globally, doubling in number over 15 years. However, wealth concentration is significant, with over 95% of millionaires located in just 25 countries. The Global Wealth Report underscores the disparity in wealth distribution worldwide, revealing substantial economic improvement for some regions while inequality persists.
Global economic output has surged by nearly 67% since 2010, increasing from $66.7 trillion to over $111.3 trillion, showing robust global economic growth.
Over 60 million people now have a net worth of at least $1 million, a steep rise from around 24.2 million in 2010, indicating wealth accumulation.
The share of the world population living on $3 or less per day fell from 21.0% to 10.2%, signifying a substantial reduction in global poverty.
More than 95% of all millionaires worldwide reside in only 25 countries, indicating a significant concentration of wealth in specific regions.
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