Income Share of Richest 1% Before Tax 2019

Uganda

In 2019, Uganda ranked #8 globally with an Income Share of Richest 1% Before Tax of 21.42 %. This figure is notably higher than the global average, indicating significant wealth concentration within the country. Contributing factors include Uganda's economic policies that favor capital accumulation and a growing informal sector, which often limits equitable wealth distribution.

Turkey

In 2019, Turkey ranked #11 globally with an income share of the richest 1% before tax at 18.92 %. This figure is notably higher than the global average, indicating significant income inequality within the country.

The concentration of wealth among the top earners in Turkey can be attributed to rapid economic growth and urbanization, which have disproportionately benefited affluent individuals and families. Additionally, structural factors such as tax policies and limited social safety nets have further exacerbated this income disparity.

Iran

In 2019, Iran ranked #19 globally with an Income Share of Richest 1% Before Tax of 15.3%. This figure is notably higher than many countries in the region, reflecting significant income inequality. Contributing factors include economic sanctions that have limited growth opportunities for the broader population, alongside a wealth concentration in sectors like oil and gas, which disproportionately benefits the wealthy elite.

Malaysia

In 2019, Malaysia ranked #30 globally with an Income Share of Richest 1% Before Tax of 12.22%. This figure is significant as it reflects a higher concentration of wealth compared to many neighboring Southeast Asian countries, indicating economic disparities within the nation. Factors contributing to this statistic include Malaysia's rapid economic growth driven by exports and a relatively high level of foreign investment, which have disproportionately benefited the wealthiest segments of society.

Belgium

In 2019, Belgium ranked #52 globally with an Income Share of Richest 1% Before Tax of 8.7 %. This figure is notably lower than the global average, indicating a relatively moderate concentration of wealth among the top earners. Contributing factors include Belgium's progressive tax system and social policies aimed at income redistribution, which may limit the wealth accumulation of the richest individuals compared to countries with less progressive frameworks.

Malawi

In 2019, Malawi ranked #20 globally with an income share of the richest 1% before tax at 15.23 %. This figure is notable as it reflects a higher concentration of wealth compared to many neighboring countries in Southern Africa, where income inequality remains a pressing issue. Contributing factors to this statistic include Malawi's limited economic diversification and reliance on agriculture, which often exacerbates disparities in wealth distribution.

Mozambique

Mozambique ranks #4 globally with an Income Share of Richest 1% Before Tax of 24.97% in 2019. This figure is notably higher than the regional average, indicating significant income inequality within the country. Contributing factors include a small elite controlling vast natural resources and limited access to education and economic opportunities for the majority of the population.

Hungary

In 2019, Hungary ranked #33 globally, with an Income Share of Richest 1% Before Tax of 11.43%. This figure is notable as it reflects a higher concentration of income among the wealthiest compared to many European nations. Contributing factors include Hungary's economic policies that favor capital accumulation and a significant reliance on foreign investments, which can exacerbate income inequality.

United Kingdom

The United Kingdom ranked #28 globally with an Income Share of Richest 1% Before Tax of 12.7 % in 2019. This figure is notably higher than the global average, indicating significant wealth concentration within the country. Contributing factors include a robust financial sector centered in London and policies that have historically favored capital accumulation among the wealthy, exacerbating income inequality.

Australia

In 2019, Australia ranked #47 globally with an Income Share of Richest 1% Before Tax of 9.91%. This figure is notably higher than the global average, indicating significant income concentration among the wealthiest Australians. Key drivers include a robust service sector and high housing prices, which contribute to wealth accumulation among the top earners, while wage growth has lagged for the broader population.