Development Differences

Global Gini fall by 2013

68 to 62

Advanced economies

39 economies, income above $14,000 USD, growth under 2%

Emerging economies

20 economies, income $4,500–$14,000, growth 5–10% per year

Developing economies

150 economies, income under $4,500

North America and Europe share of global wealth

64% of wealth, 15% of global population

Africa share of global wealth

1% of wealth, 10% of global population

EU income from agriculture

20%

Japan/South Korea income from agriculture

50%

OECD agricultural support 2022–24

$842 billion

World Bank estimate on admin costs

1% increase in admin costs decreases GWP by $75 billion

LDC share of annual FDI flows

48 LDCs hold just 1.1%

Capital siphoned to tax havens

$25 trillion USD

Australian Tax Avoidance Taskforce

Prevented $2.6 billion in avoidance, 2021-22 FY

Greece SAP impact

GDP fell 26% more than projected

Development aid as % of GNI (2020)

0.3%, less than half promised since the 1970s

Phantom aid — debt interest

11% of aid goes to debt interest

Military aid share of aid last two decades

Over half (Iraq and Afghanistan)

Extreme poverty concentration by 2030

85% from politically unstable/corrupt countries