Wealth share richest in Australia
Australia: Wealth share richest was 23.67 in 2024. ▼ Falling
Latest (2024)
23.67
Change on year
up 0.8%
World rank
177th
of 215 countries
All-time high
41.27
in 1900
All-time low
20.9
in 1970
Years of data
56
1820–2024
Wealth share richest in Australia, 1820–2024
Source: Our World in Data.
Analysis
In 2024, wealth share richest in Australia stood at 23.67.
That represents a change of up 0.8% on the previous year and up 2.8% over ten years.
Over the whole period, wealth share richest in Australia peaked at 41.27 in 1900 and was at its lowest, 20.9, in 1970.
Australia ranks 177th of 215 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 56 years of available data.
Wealth share richest in Australia, year by year
| Year | Value | Change |
|---|---|---|
| 1820 | 29.41 | — |
| 1850 | 30.75 | +4.6% |
| 1880 | 29.98 | -2.5% |
| 1900 | 41.27 | +37.7% |
| 1910 | 41.25 | -0.0% |
| 1920 | 22.13 | -46.4% |
| 1930 | 21.69 | -2.0% |
| 1940 | 22.25 | +2.6% |
| 1950 | 21.94 | -1.4% |
| 1960 | 20.99 | -4.3% |
| 1970 | 20.9 | -0.4% |
| 1980 | 21.67 | +3.7% |
| 1981 | 21.67 | +0.0% |
| 1982 | 21.67 | +0.0% |
| 1983 | 21.67 | +0.0% |
| 1984 | 21.67 | +0.0% |
| 1985 | 21.68 | +0.0% |
| 1986 | 21.69 | +0.0% |
| 1987 | 21.75 | +0.3% |
| 1988 | 21.84 | +0.4% |
| 1989 | 21.74 | -0.5% |
| 1990 | 21.71 | -0.1% |
| 1991 | 21.85 | +0.6% |
| 1992 | 21.82 | -0.1% |
| 1993 | 21.87 | +0.2% |
| 1994 | 21.91 | +0.2% |
| 1995 | 21.98 | +0.3% |
| 1996 | 21.98 | +0.0% |
| 1997 | 21.9 | -0.4% |
| 1998 | 21.99 | +0.4% |
| 1999 | 22 | +0.0% |
| 2000 | 22.08 | +0.4% |
| 2001 | 22.05 | -0.1% |
| 2002 | 22.2 | +0.7% |
| 2003 | 22.2 | +0.0% |
| 2004 | 22.29 | +0.4% |
| 2005 | 22.34 | +0.2% |
| 2006 | 22.37 | +0.1% |
| 2007 | 22.41 | +0.2% |
| 2008 | 22.55 | +0.6% |
| 2009 | 22.65 | +0.4% |
| 2010 | 22.56 | -0.4% |
| 2011 | 22.66 | +0.4% |
| 2012 | 22.83 | +0.8% |
| 2013 | 22.89 | +0.3% |
| 2014 | 23.02 | +0.6% |
| 2015 | 22.74 | -1.2% |
| 2016 | 22.5 | -1.1% |
| 2017 | 22.8 | +1.3% |
| 2018 | 23.08 | +1.2% |
| 2019 | 23 | -0.3% |
| 2020 | 22.87 | -0.6% |
| 2021 | 23.66 | +3.5% |
| 2022 | 23.69 | +0.1% |
| 2023 | 23.49 | -0.8% |
| 2024 | 23.67 | +0.8% |
Australia compared with similar countries
- Australia's 23.67 is below the median for high income countries, which is 27.49, 86% of the median. (79 countries reporting)
- Australia's 23.67 is below the median for East Asia & Pacific, which is 27.18, 87% of the median. (34 countries reporting)
Biggest year-on-year movements
Years where Wealth share richest in Australia changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1920 | -46.4% | 41.25 | 22.13 |
| 1900 | +37.7% | 29.98 | 41.27 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1820s | 29.41 | 29.41 | 29.41 | 1 |
| 1850s | 30.75 | 30.75 | 30.75 | 1 |
| 1880s | 29.98 | 29.98 | 29.98 | 1 |
| 1900s | 41.27 | 41.27 | 41.27 | 1 |
| 1910s | 41.25 | 41.25 | 41.25 | 1 |
| 1920s | 22.13 | 22.13 | 22.13 | 1 |
| 1930s | 21.69 | 21.69 | 21.69 | 1 |
| 1940s | 22.25 | 22.25 | 22.25 | 1 |
| 1950s | 21.94 | 21.94 | 21.94 | 1 |
| 1960s | 20.99 | 20.99 | 20.99 | 1 |
| 1970s | 20.9 | 20.9 | 20.9 | 1 |
| 1980s | 21.71 | 21.67 | 21.84 | 10 |
| 1990s | 21.9 | 21.71 | 22 | 10 |
| 2000s | 22.31 | 22.05 | 22.65 | 10 |
| 2010s | 22.81 | 22.5 | 23.08 | 10 |
| 2020s | 23.48 | 22.87 | 23.69 | 5 |
Countries ranked near Australia
- 174 Bangladesh 23.85 compare
- 174 Guinea-Bissau 23.85 compare
- 176 Serbia 23.68 compare
- 178 East Timor 23.66 compare
- 179 Afghanistan 23.62 compare
- 180 Ethiopia 23.6 compare
More reference data data for Australia
- Emission Totals - Indirect emissions (N2O) - Manure applied to Soils 1.21 (2050)
- Emission Totals - Indirect emissions (N2O) - Manure left on Pasture 28.02 (2050)
- Emission Totals - Indirect emissions (N2O) - IPCC Agriculture 38.41 (2050)
- Emission Totals - Indirect emissions (N2O) - Crop Residues 2.55 (2050)
- Emission Totals - Indirect emissions (N2O) - Agricultural Soils 38.41 (2050)
- Emission Totals - Emissions (N2O) - Manure applied to Soils 4.07 (2050)
- Emission Totals - Emissions (N2O) - Manure Management 6.14 (2050)
- Emission Totals - Emissions (N2O) - Manure left on Pasture 118.71 (2050)
- Emission Totals - Emissions (N2O) - IPCC Agriculture 170.29 (2050)
- Emission Totals - Emissions (N2O) - Crop Residues 13.9 (2050)
Frequently asked questions
- What is wealth share richest in Australia?
- Wealth share richest in Australia was 23.67 in 2024, according to Our World in Data.
- What is the highest wealth share richest recorded in Australia?
- The highest recorded value was 41.27 in 1900.
- What is the lowest wealth share richest recorded in Australia?
- The lowest recorded value was 20.9 in 1970.
- How does Australia rank for wealth share richest?
- Australia ranks 177th out of 215 countries with data for 2024.
- Is wealth share richest rising or falling in Australia?
- Over the last ten years it is up 2.8%. The long-run trend across the full record is falling.
- Where does this Australia data come from?
- The figures come from Our World in Data, published as part of Wealth share richest. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 56 observations, free to reuse under CC BY 4.0 (Our World in Data).