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Wealth Inequality Trends Around the World: a first view leveraging multiple data sources

Franziska Disslbacher (Vienna University of Economics and Business), Salvatore Morelli (Roma Tre University, City University of New York), Matteo Targa (Roma Tre University)

Oxford Open Economics
DOI: 10.1093/ooec/odag011 (Social Sciences)
License: CC BY

Abstract: Abstract Using the novel GC Wealth Project Data Warehouse, this paper shows that wealth inequality has increased since the early 2000s in roughly 60% of the countries in our sample, although trends are not uniform across countries. While the largest gains in wealth shares accrue to the top 10%, relative losses are borne by the bottom 50% and the middle 40% alike. We reveal substantial variation of estimates across data sources and units of analysis, which complicates international comparison of wealth inequality. Yet, core trends at the country level are generally robust. Individual-based series generally report higher inequality than household-based ones. Regional patterns reveal sharp increases in inequality in Latin America, North America, India, and China, while Europe and Asia-Pacific exhibit more stable trends. Incorporating Forbes billionaire data extends coverage to low-income countries and Africa—where, notably, billionaire wealth relative to GDP has remained stable, marking a distinct exception to global patterns.

Published on 08 Oct. 2026