Indonesia Ranks Among the World's Highest in Economic Inequality
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Indonesia has been ranked as the fourth country with the highest economic inequality in the world. Credit Suisse's annual report, "Global Wealth Report 2016," states that Indonesia's economic disparity reaches 49.3 percent. This means that almost half of the nation's assets are controlled by the wealthiest one percent.
The greatest economic inequality is found in Russia, where 74.5 percent of the country's wealth is controlled by the richest one percent. India is second, with an inequality rate of 58.4 percent. India's economic disparity is almost equal to Thailand's, which ranks third at 58 percent.
Credit Suisse notes that the economic gap between the world's rich and poor has widened since the 2008 global crisis. The Swiss investment bank estimates that the poorest 50 percent of the world's population controls only one percent of the world's wealth, while the wealthiest 10 percent control 89 percent of the assets.
"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."
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