This map shows where the wealthy — and not so wealthy — of the world live

[Nilgiri]

True.

The map quotes the credit suisse report but misreported the findings.

The very report linked in the article states Pakistan’s wealth per adult to be FAR higher than poor, backward india’s

Click it and read it for yourself

Page 104 and 105:

Also Pakistans wealth per adult according to Credit Suisse has decreased from the level it was in 2017 (4.2k) to the 3.8k now.

 

[AUz]

Are we reading same report ? Data is exactly as it is in the map ..

Read my quote above.

I updated my post.

Also, "wealth per adult" means 0 here. Read about "median wealth per adult" (which again is very questionable for this particular edition).

 

[Nilgiri]

Accumulated wealth ? If you earn in millions and spend all those then what will be your wealth ?

Depends what you spend it on. If you spend it on assets, they stay counted as wealth (minus depreciation of course).

 

[AUz]

Page 104 and 105:

View attachment 519606

Also Pakistans wealth per adult according to Credit Suisse has decreased from the level it was in 2017 (4.2k) to the 3.8k now.

You're smarter than this. C'mon...

Median wealth per adult, fellas. Median. Its statistics 101---large groups of people are generally measured by medians for accurate results. Many sub-saharan African countries are shown "better off" than india-Pakistan or even China sometimes---thanks to the wealth generation by European companies operating in Africa and their financial numbers getting counted in "national numbers" for African countries they are operating in.

But when you look at the 'median' figures for these same sub-Saharan African countries and compared it to India-Pak---they come out as vastly poorer (which is the reality).

Secondly how can one explain almost 50% decrease in Pak's median wealth per adult in one year?

This report (2018 edition) is garbage and we both know it. Don't we?

 

[Nilgiri]

Read my quote above.

I updated my post.

Also, "wealth per adult" means 0 here. Read about "median wealth per adult" (which again is very questionable for this particular edition).

Yes Credit Suisse analysis is somewhat flawed. I have talked about their methodology before. A good example is how poor Iran is in it....when Iran is very energy rich etc.

 

[TruthTheOnlyDefense]

Look let's put this debate to rest, Australia is the wealthiest country in the world.

 

[Nilgiri]

You're smarter than this. C'mon...

Median wealth per adult, fellas. Median. Its statistics 101---large groups of people are generally measured by medians for accurate results.

Secondly how can one explain almost 50% decrease in Pak's median wealth per adult in one year?

This report is garbage and we both know it. Don't we?

Hence why I qualify with "according to credit suisse", here is one of my previous posts on some issues:

https://defence.pk/pdf/threads/comp...for-india-pakistan.473233/page-2#post-9294051

Way to go Greenland!! Wealthy Eskimos!

Its actually mostly the immense amount of subsidies Danish govt gives them.

 

[PakSword]

It's the median wealth per adult that matters..

Few people having too much in a large population of poor makes the average wealth look good... Real satisfaction comes when wealth is distributed..

 

[Death Professor]

Page 104 and 105:

View attachment 519606

Also Pakistans wealth per adult according to Credit Suisse has decreased from the level it was in 2017 (4.2k) to the 3.8k now.

did you bother to see the MEDIAN WEALTH in the same line? or debt per adult? its like difference between net and gross. Median is basically the correct way to judge.


You indians need to put a lid on your delusional economic superiority. You are not far better than us financially. Another day I was arguing an Indian about the bloated GDP PPP stat of India as 10 trillion $ where he kept ignoring that per capita GDP PPP of India is almost in the same range as Pakistan. India earns a-lot as a whole but you also need to consider you guys have fkin 1.34 billion population....

 

[Nilgiri]

did you bother to see the MEDIAN WEALTH in the same line? or debt per adult? its like difference between net and gross. Median is basically the correct way to judge.

If you accept median as be all end all in Credit Suisse report, you also have to accept it falling by a good chunk (in Pakistan) in just one year like @AUz mentions.

The basic methodology is quite flawed for developing countries. Check where they list resource rich Iran, Kazakhstan, Ukraine etc.

The direct computed/estimated number is the total wealth and then wealth per adult.....and then a gini curve (taken from other sources, often out of date... rather than surveyed recently by Credit Suisse) is back-applied to estimate median. They talk about this in the report addendum before if I remember correctly as one of the major sources of bias, error and limitation of the numbers.

 

[zip]

If you accept median as be all end all in Credit Suisse report, you also have to accept it falling by a good chunk (in Pakistan) in just one year like @AUz mentions.

The basic methodology is quite flawed for developing countries. Check where they list resource rich Iran, Kazakhstan, Ukraine etc.

The direct computed/estimated number is the total wealth and then wealth per adult.....and then a gini curve (taken from other sources, often out of date... rather than surveyed recently by Credit Suisse) is back-applied to estimate median. They talk about this in the report addendum before if I remember correctly as one of the major sources of bias, error and limitation of the numbers.

Median wealth per adult in a particular year and median income per adult in a particular year are though interdependent but former is a lot more volatile ..A 10% ge decrease in latter may cause 60% decrease in former ..

 

[Men in Green]

#FAKENEWS,

Pakistanis are wealthier than Indians.

indeed just look at the yemen.

 

[313ghazi]

wow, look at Libya. No wonder they destroyed it.

 

[Mista]

Look let's put this debate to rest, Australia is the wealthiest country in the world.

Wealth can be a misleading indicator, because a large part of it depends on the property market.

Countries with property boom such as China, Australia and Canada have seen their wealth boom along with it. Countries like Sweden and Germany are 'poorer' than Greece and half as 'rich' as Italy, because they don't own properties and/or property prices are cheap. According to the report China's median wealth per adult is almost as high as Europe.

Country, Median wealth
Spain 87,188
Italy 79,239
Greece 40,789
Sweden 39,709
Germany 35,169
Europe 18,153
China 16,333

 

[SHARMA BHOPALI]

pakistanis are happy ,that is all.