Saturday, 26 October 2019

Per capita billionaires as an indicator of economic opportunity

All other things being equal and setting aside political issues, the per capita billionaires of an economy can be a good indicator of economic opportunity and ease of doing business. One may argue that for countries with huge population, the number gets skewed to the wrong side. If we look at the brighter side, each individual is an agent of growth - each individual is an economic opportunity waiting to be unleashed - each individual is a potential engine of growth.
So I took the top 15 countries by the number of billionaires and divided by the population of the respective country. It results in some small numbers, so I multiplied by 1 million again and this is the result. Higher the number, better it is! Of course, this number does not include the qualitative aspects of life such as living in a democracy and leading a free life. Sometimes, we take living in a free country for granted!
In an ideal situation, countries with higher population should produce higher number of billionaires. If they are not then there is some catching up to do!

Data Source:

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