Beruflich Dokumente
Kultur Dokumente
2,400
5,000
2,000
4,000
1,600
3,000
1,200
,
2,000
800
1,000
400
Lecture. Entre 1987 et 2013, le nombre de milliardaires en $ dans le monde est pass d'aprs Forbes de 140 1400, et leur patrimoine total de 300 milliards de dollars 5 400 milliards. Sources et sries: voir piketty.pse.ens.fr/capital21c.
40.0
Patrimoine total des milliardaires (en % du patrimoine priv
mondial) (chelle de gauche)
35.0
30.0
1.0%
25.0
0.8%
20.0
,
0.6%
15.0
0.4%
10.0
0.2%
5.0
0.0%
0.0
Lecture. Entre 1987 et 2013, le nombre de milliardaires pour 100 millions d'adultes est pass de 5 30, et leur part dans le patrimoine priv mondial de 0,4% 1,5%. Sources et sries: voir piketty.pse.ens.fr/capital21c.
Graphique 12.3. La part des fractiles de trs hauts patrimoines dans le patrimoine priv mondial, 1987-2013
1.0%
0.9%
0.8%
0.7%
0.6%
0.5%
0.4%
0.3%
0.2%
0.1%
0.0%
Lecture. Entre 1987 et 2013, la part du vingt millionime suprieur est passe de 0,3% 0,9% du patrimoine total, et la part du cent millionime de 0,1% 0,4%. Sources et sries: voir piketty.pse.ens.fr/capital21c.
Prvisions
(scnario
central)
Sries
800%
observes
Graphique 12.4. Le rapport capital/revenu dans le monde,
1870-2100
700%
600%
500%
400%
300%
200%
100%
1870
1890
1910
1930
1950
1970
1990
2010
2030
2050
2070
2090
Lecture: d'aprs les simulations du scnario central, le rapport capital/revenu au niveau mondial pourrait s'approcher de 700% d'ici la fin du 21e sicle. Sources et sries: voir piketty.pse.ens.fr/capital21c.
800%
700%
600%
500%
400%
Asie
Afrique
300%
200%
100%
Amriqu
e
Europe
0%
Lecture: d'aprs le scnario central, les pays asiatiques devraient dtenir environ la moiti du capital mondial au 21e sicle. Sources et sries: voir piketty.pse.ens.fr/capital21c.
12.0%
10.0%
Japon
8.0%
6.0%
4.0%
Europe
2.0%
0.0%
-2.0%
-4.0%
-6.0%
-8.0%
Pays riches
(Japon + Europe + Etats-Unis)
EtatsUnis
Lecture: les actifs financiers non enregistrs dtenus dans les paradis fiscaux sont plus levs que la dette trangre nette officielle des pays riches. Sources et sries: voir piketty.pse.ens.fr/capital21c.
Taux de croissance
moyen annuel
rel
(aprs
Priode 1987-2013
dduction de l'inflation)
6.8%
6.4%
2.1%
1.4%
1.9%
PIB mondial
3.3%
Lecture: de 1987 2013, les plus hauts patrimoines mondiaux ont progress de 6%-7% par
an, contre 2,1% par an pour le patrimoine moyen mondial et 1,4% par an pour le revenu
moyen mondial. Tous ces taux de croissance sont nets de l'inflation (soit 2,3% par an de 1987
2013). Sources: voir piketty.pse.ens.fr/capital21c.
Priode 1980-2010
8.2%
dont: Harvard-Yale-Princeton
10.2%
8.8%
7.8%
7.1%
6.2%
Lecture: de 1980 2010, les universits amricaines ont obtenu un rendement rel moyen de
8,2% sur leur dotation en capital, d'autant plus lev que leur dotation initiale tait importante.
Les rendements indiqus sont nets de tous les frais de gestion, et nets de l'inflation (2,4% par
an de 1980 2010). Sources: voir piketty.pse.ens.fr/capital21c.
Tableau S12.1. Le taux de croissance des plus hauts patrimoines mondiaux, 1987-2013
Taux de croissance
moyen annuel
rel
Priode 1987-2013
Priode 1990-2010
6.8%
4.1%
6.4%
3.8%
2.1%
2.0%
1.4%
1.5%
1.9%
1.9%
PIB mondial
3.3%
3.4%
(aprs
dduction de l'inflation)
Lecture: de 1987 2013, les plus hauts patrimoines mondiaux ont progress de 6%-7% par an, contre 2,1% par an pour le
patrimoine moyen mondial et 1,4% par an pour le revenu moyen mondial. Tous ces taux de croissance sont nets de
l'inflation (soit 2,3% par an de 1987 2013). Sources: voir piketty.pse.ens.fr/capital21c.
Tableau S12.2. Le rendement des dotations en capital des universits amricaines, 1980-2010
Priode 1980-2010
Priode 1990-2010
8.2%
7.2%
dont: Harvard-Yale-Princeton
10.2%
10.0%
8.8%
7.8%
7.8%
6.3%
7.1%
5.9%
6.2%
5.1%
Lecture: de 1980 2010, les universits amricaines ont obtenu un rendement rel moyen de 7,7% sur leur dotation en
capital, d'autant plus lev que leur dotation initiale tait de 1980 2010, les universits amricaines ont obtenu un
rendement rel moyen de 8,2% sur leur dotation en capital, d'autant plus lev que leur dotation initiale tait importante. Les
rendements indiqus sont nets de tous les frais de gestion, et nets de l'inflation (2,4% par an de 1980 2010). Sources: voir
piketty.pse.ens.fr/capital21c.
Tableau S12.3. La croissance des plus hauts patrimoines mondiaux d'aprs les classements Forbes, 1987-2013
(sries utilises pour les graphiques 12.1-12.3)
Nombre total de
milliardaires en
dollars
Patrimoine total en
milliards de dollars
1987
1988
1989
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
140
191
220
265
260
275
192
342
366
422
323
308
336
360
538
497
476
587
691
793
946
1,125
793
1,011
1,206
1,226
1,426
295
338
460
570
592
601
399
765
885
1,049
1,205
1,289
1,351
1,473
1,729
1,544
1,403
1,917
2,236
2,646
3,452
4,381
2,415
3,568
4,500
4,600
5,400
2013/1987
10.2
9.3%
2010/1990
3.8
6.9%
Detailed computations using Forbes rankings 1987-2013 (source: Forbes website and Daniel Waldestrom 1988-2010 database)
Part du un vingt
Patrimoine total en %
Nombre de
millionime dans le
du patrimoine priv milliardaires pour 100
patrimoine priv
mondial
millions d'habitants
mondial
0.4%
0.4%
0.5%
0.6%
0.6%
0.6%
0.4%
0.7%
0.7%
0.8%
0.9%
0.9%
0.9%
0.9%
1.0%
0.8%
0.7%
0.9%
0.9%
1.0%
1.2%
1.4%
0.9%
1.2%
1.4%
1.4%
1.5%
4.9
6.5
7.4
8.7
8.3
8.6
5.9
10.3
10.8
12.2
9.2
8.6
9.2
9.7
14.3
12.9
12.2
14.7
17.0
19.2
22.5
26.2
18.2
22.8
26.7
26.7
30.5
Part du un cent
millionime dans le
patrimoine priv
mondial
meanage
minwealth
maxwealth
meanwealth
Top 100
minwealth
Top 100
meanwealth
Ratio
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
20
19
15
16
15
13
9
9
13
19
38
51
90
60
59
53
41
47
47
50
56
62
40
54
74
69
73
2.1
1.8
2.1
2.2
2.3
2.2
2.1
2.2
2.4
2.5
3.7
4.2
4.0
4.1
3.2
3.1
2.9
3.3
3.2
3.3
3.6
3.9
3.0
3.5
3.7
3.8
3.8
1.3
1.4
1.6
1.9
2.0
2.0
1.6
2.4
2.6
3.0
3.1
3.5
4.1
4.3
4.0
3.8
3.4
4.5
5.0
6.0
7.3
8.9
5.0
7.2
8.8
9.0
10.6
2.7
2.8
3.2
3.5
3.7
3.6
2.9
4.1
4.6
5.1
7.5
8.2
8.4
8.9
9.2
8.5
7.7
9.7
10.4
11.5
14.3
17.2
10.5
14.4
18.5
19.8
24.4
2.1
2.0
2.0
1.9
1.8
1.8
1.8
1.7
1.8
1.7
2.4
2.3
2.1
2.1
2.3
2.2
2.3
2.1
2.1
1.9
2.0
1.9
2.1
2.0
2.1
2.2
2.3
Population
mondiale
(UN official
population
series)
5,039
5,129
5,218
5,306
5,393
5,478
5,562
5,644
5,726
5,807
5,887
5,966
6,045
6,123
6,200
6,277
6,353
6,430
6,507
6,584
6,662
6,740
6,818
6,896
6,974
7,052
7,130
%Pop Adulte
(UN official
series)
Top 1/20M
Min top
1/20M
Mean top
1/20M
Ratio
Top 1/100M
Min top
1/100M
Mean top
1/20M
Ratio
143
146
149
152
156
159
163
166
169
172
176
179
182
185
189
192
196
199
203
207
211
214
218
222
226
230
234
0.8
1.0
1.2
1.5
1.5
1.5
1.0
1.7
2.0
2.1
1.9
2.0
2.2
2.3
2.5
2.2
2.1
2.6
2.9
3.3
4.1
4.7
3.0
4.0
4.6
4.7
5.2
1.6
2.1
2.6
2.9
3.0
2.9
2.3
3.3
3.6
4.0
5.3
5.7
6.0
6.4
6.4
5.8
5.2
6.5
7.0
7.8
9.5
11.5
6.8
9.3
11.5
12.2
14.0
2.1
2.1
2.1
1.9
2.0
1.9
2.3
1.9
1.8
1.9
2.4
2.5
2.7
2.8
2.5
2.6
2.5
2.5
2.4
2.4
2.3
2.4
2.3
2.3
2.5
2.6
2.7
29
29
30
30
31
32
33
33
34
34
35
36
36
37
38
38
39
40
41
41
42
43
44
44
45
46
47
2.0
2.6
3.2
3.6
4.0
3.7
3.1
4.5
4.7
5.0
7.0
6.6
7.1
7.4
8.3
6.7
6.9
8.4
9.0
10.7
13.0
16.0
9.0
12.2
13.6
13.8
15.4
3.4
4.3
5.5
6.1
6.0
5.5
4.5
6.1
6.7
7.8
13.0
14.3
14.3
15.0
15.9
14.7
12.7
15.4
16.3
17.1
20.8
25.4
15.5
20.9
25.8
27.6
32.3
1.7
1.7
1.7
1.7
1.5
1.5
1.4
1.4
1.4
1.6
1.9
2.2
2.0
2.0
1.9
2.2
1.8
1.8
1.8
1.6
1.6
1.6
1.7
1.7
1.9
2.0
2.1
8.8
8.7%
6.4%
3.2
6.0%
3.8%
1.6
1.9%
7.8
8.2%
1.5
1.9%
3.4
6.3%
9.6
9.1%
6.8%
3.4
6.4%
4.1%
0.3%
0.4%
0.5%
0.5%
0.5%
0.5%
0.4%
0.5%
0.5%
0.5%
0.7%
0.7%
0.7%
0.7%
0.7%
0.6%
0.5%
0.6%
0.6%
0.6%
0.7%
0.8%
0.5%
0.7%
0.8%
0.8%
0.9%
0.1%
0.2%
0.2%
0.2%
0.2%
0.2%
0.1%
0.2%
0.2%
0.2%
0.3%
0.4%
0.3%
0.3%
0.3%
0.3%
0.3%
0.3%
0.3%
0.3%
0.3%
0.4%
0.2%
0.3%
0.4%
0.4%
0.4%
18.3
11.8%
3.0
4.3%
3.3
4.7%
1.8
2.3%
8.2
8.4%
8.9
8.8%
1.1
0.4%
1.4
1.3%
1.6
1.9%
1.6
1.9%
6.9
7.7%
6.3
9.6%
1.4
1.7%
1.5
2.0%
1.6
2.5%
3.8
6.9%
4.1
7.3%
1.1
0.4%
1.3
1.3%
1.5
1.9%
1.5
1.9%
2.7
5.0%
64
64
65
65
64
65
65
64
65
62
64
62
61
62
63
64
64
64
63
62
61
64
63
2050
2100
7.2%
59.6%
57%
57%
57%
57%
58%
58%
58%
59%
59%
59%
60%
60%
60%
61%
61%
61%
62%
62%
62%
63%
63%
64%
64%
64%
65%
65%
66%
Population
adulte
mondiale
(UN official
population
series)
2,851
2,917
2,983
3,050
3,117
3,184
3,252
3,318
3,384
3,448
3,512
3,575
3,639
3,705
3,772
3,842
3,912
3,985
4,059
4,134
4,211
4,289
4,367
4,443
4,520
4,598
4,676
World GDP
(current $,
market
exchange
rate, W1)
18,288
19,435
20,654
21,949
23,024
24,627
24,966
26,810
29,750
30,357
30,297
30,191
31,317
32,331
32,136
33,393
37,565
42,268
45,673
49,485
55,794
61,199
57,860
63,141
70,067
73,478
77,055
4.2
5.7%
2.9
5.4%
World GDP
(current $,
PPP, W2)
22,119
23,185
24,304
25,476
26,742
27,849
28,990
30,540
32,241
34,064
36,137
37,684
39,566
42,480
44,511
46,603
49,242
53,073
57,257
62,679
67,882
71,816
72,084
76,431
81,297
85,404
89,719
4.1
5.5%
3.3%
3.0
5.6%
3.4%
World GDP
(constant
2012 $,
market
exchange
rate, W4)
31,506
32,694
33,926
35,205
35,716
37,414
37,115
39,062
42,360
42,472
41,586
40,866
41,779
42,217
41,033
41,957
46,224
50,589
52,909
55,533
60,849
65,299
61,087
65,903
71,188
73,478
75,841
World GDP
(constant
2012 $, PPP,
W5)
Price index
PPP
Price index
MER
38,105
39,003
39,922
40,862
41,483
42,309
43,098
44,496
45,907
47,659
49,602
51,010
52,783
55,470
56,833
58,555
60,593
63,522
66,328
70,339
74,033
76,628
76,104
79,775
82,598
85,404
88,306
58
59
61
62
64
66
67
69
70
71
73
74
75
77
78
80
81
84
86
89
92
94
95
96
98
100
102
58
59
61
62
64
66
67
69
70
71
73
74
75
77
78
80
81
84
86
89
92
94
95
96
98
100
102
World GDP
(current ,
market
exchange
rate, W6)
16,116
16,776
17,462
18,176
19,669
19,769
21,327
22,466
22,211
23,514
26,910
27,158
29,395
35,092
35,913
35,482
33,284
34,041
36,727
39,446
40,765
41,779
41,650
47,674
50,403
56,521
63,382
2.4
3.4%
2.3
3.3%
1.8
2.2%
1.8
2.2%
3.9
5.4%
2.3
3.3%
1.9
3.2%
2.0
3.4%
1.5
2.2%
1.5
2.2%
2.6
4.9%
2.0
3.4%
5.0
6.4%
4.1%
3.2
6.0%
3.8%
4.8
6.2%
4.0%
3.4
6.2%
4.0%
2.5
3.5%
1.3%
2.1
3.7%
1.5%
2.9
4.2%
2.0%
2.3
4.3%
2.0%
2.8
4.0%
1.8%
2.2
4.0%
1.8%
1.4
1.3%
1.7
2.0%
1.3
1.5%
1.5
2.0%
Tableau S12.4a. Le rapport (capital priv)/(revenu national) au niveau mondial, 1870-2100 (estimations)
(sries utilises pour le graphique 12.4)
Capital priv
/revenu national
Monde
Europe
Amrique
Afrique
Asie
Total
Europe de l'Ouest
Europe de l'Est
Russie (+Ukraine/
Bilorussie/
Moldavie)
Amrique du Nord
Amrique Latine
Afrique du Nord
Afrique Subsaharienne
Chine
Inde
Japon
Australie/NZ
Asie Centrale
1870
1880
1890
1900
1910
1920
1930
1940
1950
1960
1970
1980
1990
2000
2010
2020
2030
2040
2050
2060
2070
2080
2090
2100
447%
464%
473%
489%
502%
358%
361%
301%
261%
275%
303%
340%
393%
427%
440%
450%
502%
513%
557%
605%
614%
627%
643%
667%
584%
581%
566%
587%
589%
285%
315%
273%
192%
216%
229%
264%
347%
437%
503%
493%
540%
529%
576%
608%
658%
670%
693%
725%
416%
416%
454%
434%
433%
406%
449%
322%
345%
347%
349%
368%
394%
434%
407%
423%
478%
490%
545%
582%
588%
597%
616%
641%
222%
268%
312%
356%
400%
400%
300%
300%
300%
300%
400%
400%
400%
400%
400%
348%
367%
353%
384%
448%
460%
486%
483%
490%
318%
346%
369%
392%
421%
425%
342%
325%
240%
265%
348%
401%
445%
416%
429%
457%
519%
548%
594%
652%
660%
675%
701%
736%
447%
464%
473%
489%
502%
358%
361%
301%
261%
275%
303%
340%
393%
427%
440%
450%
502%
513%
557%
605%
614%
627%
643%
667%
680%
671%
643%
662%
659%
343%
386%
328%
232%
267%
285%
331%
403%
490%
545%
541%
605%
596%
656%
672%
707%
708%
721%
744%
300%
325%
350%
375%
400%
200%
200%
200%
100%
100%
100%
100%
200%
300%
400%
383%
404%
401%
435%
492%
565%
599%
643%
693%
300%
325%
350%
375%
400%
100%
100%
100%
100%
100%
100%
100%
200%
300%
400%
388%
414%
411%
445%
501%
571%
600%
638%
683%
446%
437%
478%
448%
440%
407%
485%
328%
356%
361%
332%
357%
392%
447%
410%
414%
463%
459%
502%
513%
537%
548%
567%
592%
300%
325%
350%
375%
400%
400%
300%
300%
300%
300%
400%
400%
400%
400%
400%
438%
502%
534%
601%
669%
651%
659%
678%
706%
300%
325%
350%
375%
400%
400%
300%
300%
300%
300%
400%
400%
400%
400%
400%
371%
396%
401%
439%
534%
535%
557%
587%
623%
200%
250%
300%
350%
400%
400%
300%
300%
300%
300%
400%
400%
400%
400%
400%
337%
354%
335%
365%
423%
441%
471%
462%
466%
300%
325%
350%
375%
400%
400%
300%
300%
100%
100%
100%
100%
200%
300%
400%
480%
574%
634%
682%
761%
815%
846%
895%
961%
300%
325%
350%
375%
400%
400%
300%
300%
300%
300%
400%
400%
400%
400%
400%
372%
398%
402%
440%
489%
497%
528%
565%
607%
600%
600%
600%
600%
600%
600%
600%
500%
200%
300%
372%
531%
616%
586%
601%
607%
702%
704%
806%
833%
891%
889%
905%
934%
300%
325%
350%
375%
400%
400%
400%
300%
300%
300%
343%
351%
407%
500%
518%
490%
517%
500%
536%
545%
569%
578%
596%
621%
300%
325%
350%
375%
400%
400%
300%
300%
300%
300%
400%
400%
400%
400%
400%
421%
470%
489%
540%
594%
565%
562%
570%
586%
300%
325%
350%
375%
400%
400%
300%
300%
300%
300%
400%
400%
400%
400%
400%
439%
502%
532%
596%
659%
638%
638%
650%
670%
300%
325%
350%
375%
400%
400%
300%
300%
300%
300%
400%
400%
400%
400%
400%
434%
493%
523%
585%
651%
632%
641%
660%
687%
Rpartition du
PIB mondial
1870
1880
1890
1900
1910
1920
1930
1940
1950
1960
1970
1980
1990
2000
2010
2020
2030
2040
2050
2060
2070
2080
2090
2100
Monde
Europe
Amrique
Afrique
Asie
Total
Europe de l'Ouest
Europe de l'Est
Russie (+Ukraine/
Bilorussie/
Moldavie)
Amrique du Nord
Amrique Latine
Afrique du Nord
Afrique Subsaharienne
Chine
Inde
Japon
Australie/NZ
Asie Centrale
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
46%
46%
46%
46%
47%
43%
43%
43%
39%
39%
40%
37%
34%
29%
25%
22%
19%
16%
14%
13%
12%
12%
11%
11%
12%
18%
18%
18%
24%
30%
30%
30%
36%
34%
32%
33%
33%
31%
29%
27%
25%
23%
21%
21%
21%
21%
21%
21%
4%
4%
4%
4%
3%
3%
3%
3%
4%
4%
4%
4%
4%
4%
4%
6%
7%
9%
12%
13%
15%
17%
18%
19%
39%
32%
32%
32%
26%
23%
23%
23%
21%
23%
24%
27%
29%
36%
42%
46%
50%
52%
54%
53%
52%
51%
50%
48%
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
34%
34%
34%
34%
34%
31%
31%
31%
27%
27%
28%
26%
25%
21%
18%
15%
12%
10%
9%
8%
8%
8%
7%
7%
5%
5%
5%
5%
6%
5%
5%
5%
4%
4%
4%
4%
3%
3%
3%
3%
2%
2%
2%
2%
2%
2%
2%
2%
6%
7%
7%
7%
7%
8%
8%
8%
8%
8%
8%
7%
6%
5%
4%
4%
4%
3%
3%
3%
3%
2%
2%
2%
9%
14%
14%
14%
20%
24%
24%
24%
29%
26%
24%
24%
25%
22%
20%
18%
15%
14%
12%
12%
11%
12%
12%
12%
2%
3%
3%
3%
4%
6%
6%
6%
8%
8%
8%
8%
9%
9%
9%
9%
9%
9%
9%
9%
9%
9%
9%
9%
1%
1%
1%
1%
1%
1%
1%
1%
1%
1%
1%
1%
1%
1%
1%
2%
2%
3%
3%
3%
3%
3%
3%
3%
3%
3%
3%
3%
2%
3%
3%
3%
3%
3%
3%
3%
2%
2%
3%
4%
5%
7%
9%
10%
12%
14%
15%
16%
17%
13%
13%
13%
9%
7%
7%
7%
5%
4%
3%
3%
4%
9%
15%
17%
19%
20%
22%
20%
18%
17%
16%
14%
12%
9%
9%
9%
7%
6%
6%
6%
4%
3%
3%
3%
3%
4%
6%
7%
9%
10%
12%
12%
12%
12%
12%
12%
2%
3%
3%
3%
3%
3%
3%
3%
3%
5%
8%
9%
9%
7%
5%
4%
3%
3%
2%
2%
2%
2%
2%
2%
1%
1%
1%
1%
1%
1%
1%
1%
1%
1%
1%
1%
1%
1%
1%
1%
1%
1%
1%
1%
1%
1%
1%
1%
2%
2%
2%
2%
2%
2%
2%
2%
2%
3%
4%
4%
4%
5%
6%
6%
7%
7%
7%
8%
8%
8%
9%
9%
1%
1%
1%
1%
1%
1%
1%
1%
1%
2%
2%
2%
2%
1%
1%
1%
1%
1%
1%
1%
1%
1%
1%
1%
4%
4%
4%
4%
4%
4%
4%
4%
4%
4%
4%
5%
7%
8%
9%
10%
10%
10%
10%
10%
10%
10%
10%
10%
10%
10%
10%
10%
10%
10%
10%
10%
10%
10%
10%
10%
10%
10%
10%
10%
10%
10%
10%
10%
10%
10%
10%
10%
10%
10%
10%
10%
10%
10%
10%
10%
10%
10%
10%
10%
20%
20%
20%
20%
20%
10%
10%
10%
10%
20%
20%
20%
20%
20%
10%
10%
10%
10%
20%
20%
20%
20%
20%
15%
15%
10%
10%
30%
30%
30%
25%
15%
10%
10%
10%
10%
20%
20%
20%
20%
15%
10%
10%
10%
10%
10%
10%
10%
10%
10%
10%
10%
10%
10%
10%
10%
10%
10%
10%
10%
10%
10%
10%
20%
20%
20%
20%
20%
10%
10%
10%
10%
20%
20%
20%
20%
20%
10%
10%
10%
10%
20%
20%
20%
20%
20%
10%
10%
10%
10%
15%
17%
19%
20%
22%
10%
10%
10%
4%
4%
4%
4%
6%
9%
11%
10%
10%
9%
9%
9%
10%
10%
10%
10%
19%
22%
24%
25%
29%
8%
8%
8%
8%
8%
8%
7%
12%
16%
17%
16%
15%
14%
14%
14%
14%
15%
15%
16%
41%
63%
69%
65%
87%
99%
118%
79%
102%
96%
80%
87%
97%
100%
82%
73%
70%
62%
59%
60%
62%
64%
67%
71%
7%
11%
12%
12%
17%
24%
18%
18%
23%
23%
32%
33%
34%
35%
35%
40%
47%
49%
54%
62%
61%
61%
62%
64%
3%
3%
3%
3%
3%
3%
3%
3%
3%
3%
4%
4%
5%
5%
6%
7%
9%
10%
13%
16%
16%
17%
18%
19%
6%
7%
8%
9%
8%
10%
8%
8%
9%
8%
11%
10%
9%
10%
10%
13%
18%
23%
32%
44%
53%
64%
69%
77%
51%
42%
45%
48%
35%
27%
20%
20%
5%
4%
3%
3%
7%
27%
58%
81%
111%
130%
147%
150%
146%
141%
139%
138%
35%
31%
33%
36%
29%
23%
17%
17%
12%
10%
11%
12%
12%
17%
23%
27%
35%
41%
52%
59%
62%
65%
68%
72%
14%
15%
15%
15%
16%
17%
17%
15%
6%
16%
29%
45%
57%
43%
32%
26%
24%
19%
17%
16%
15%
15%
14%
14%
2%
2%
3%
3%
4%
4%
4%
3%
4%
4%
4%
4%
5%
6%
6%
5%
5%
4%
4%
4%
4%
4%
4%
4%
7%
7%
7%
8%
7%
8%
6%
6%
7%
9%
15%
16%
17%
20%
23%
26%
31%
34%
39%
45%
46%
47%
50%
53%
3%
4%
4%
4%
5%
5%
4%
4%
4%
5%
8%
7%
6%
4%
3%
3%
4%
4%
4%
5%
5%
5%
5%
5%
11%
12%
13%
14%
14%
15%
11%
11%
11%
12%
15%
21%
27%
32%
36%
41%
49%
51%
57%
66%
66%
66%
67%
70%
World GDP
(billions 2012
PPP)
71,170
102,088
133,005
187,795
242,585
292,641
342,697
398,852
455,006
511,161
Taux d'pargne
2010-2100
2010-2020
2020-2030
2030-2040
2040-2050
2050-2060
2060-2070
2070-2080
2080-2090
2090-2100
Wealth/income ratios: Europe et Amrique du Nord 1870-2010: Table S4.5; Japon et Australie 1970-2010: Table S5.1 (moyennes dcennales); liens casss le 8-2-2013
Rpartition du PIB mondial: Tableau S1.1 (1870-2010); Tableau CTS1.3 (2030-2100); liens casss le 7-4-2013
Tableau S12.4c. La rpartition du capital priv mondial, 1870-2100 (estimations) (sries utilises pour le
graphique 12.5)
Capital priv
/revenu mondial
Total
Europe
Amrique
Afrique
Asie
1870
1880
1890
1900
1910
1920
1930
1940
1950
1960
1970
1980
1990
2000
2010
2020
2030
2040
2050
2060
2070
2080
2090
2100
447%
464%
473%
489%
502%
358%
361%
301%
261%
275%
303%
340%
393%
427%
440%
450%
502%
513%
557%
605%
614%
627%
643%
667%
267%
269%
262%
272%
277%
123%
136%
118%
76%
85%
91%
97%
117%
128%
126%
107%
100%
85%
79%
78%
78%
78%
79%
81%
48%
74%
81%
77%
104%
122%
135%
97%
125%
119%
113%
121%
131%
135%
117%
113%
117%
111%
113%
121%
123%
125%
129%
135%
9%
9%
11%
13%
12%
14%
10%
10%
12%
11%
15%
15%
14%
15%
16%
19%
26%
33%
45%
60%
70%
81%
87%
95%
123%
112%
120%
127%
110%
99%
80%
76%
49%
60%
85%
108%
131%
149%
181%
210%
258%
284%
320%
346%
344%
343%
348%
356%
447%
464%
473%
489%
502%
358%
361%
301%
261%
275%
303%
340%
393%
427%
440%
450%
502%
513%
557%
605%
614%
627%
643%
667%
1870
1880
1890
1900
1910
1920
1930
1940
1950
1960
1970
1980
1990
2000
2010
Private wealth (% Y)
USA
Europe
446%
680%
437%
671%
478%
643%
448%
662%
440%
659%
407%
343%
485%
386%
328%
328%
356%
232%
361%
267%
332%
285%
357%
331%
392%
403%
447%
490%
410%
545%
Govt wealth (% Y)
USA
Europe
-3%
21%
15%
17%
28%
23%
27%
11%
35%
5%
27%
-32%
51%
-11%
22%
-50%
28%
16%
48%
33%
68%
37%
60%
40%
27%
26%
45%
9%
21%
9%
Govt wealth (% W)
USA
Europe
-1%
3%
3%
2%
5%
3%
6%
2%
7%
1%
6%
-10%
10%
-3%
6%
-18%
7%
7%
12%
11%
17%
12%
14%
11%
6%
6%
9%
2%
5%
2%
Nationa wealth (% Y)
USA
Europe
443%
701%
452%
688%
505%
665%
475%
673%
475%
664%
434%
311%
537%
375%
350%
277%
384%
249%
409%
301%
400%
322%
418%
371%
419%
428%
492%
499%
431%
553%
232%
229%
220%
226%
226%
106%
119%
101%
63%
73%
79%
86%
99%
104%
97%
81%
74%
62%
57%
55%
54%
53%
54%
55%
Tableau S12.5. Actifs trangers nets dtenus par les pays riches et les paradis fiscaux (sries utilises pour
le graphique 12.6)
Actifs trangers
nets (en % du PIB
mondial)
Europe
Etats-Unis
Japon
Pays riches
(Europe + EtatsUnis + Japon)
1985
1986
1987
1988
1989
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
-1.2%
-1.0%
-0.6%
-0.7%
-1.0%
-1.5%
-1.9%
-1.9%
-2.1%
-1.9%
-2.2%
-2.1%
-1.5%
-3.1%
-2.8%
-2.3%
-1.7%
-2.9%
-3.3%
-4.0%
-2.8%
-4.0%
-4.2%
-3.8%
0.5%
-0.2%
-0.4%
-0.9%
-1.3%
-1.1%
-1.3%
-1.7%
-1.1%
-1.1%
-1.4%
-1.5%
-2.6%
-2.9%
-2.3%
-4.2%
-5.9%
-6.1%
-5.6%
-5.3%
-4.2%
-4.4%
-3.2%
-5.3%
1.0%
1.2%
1.4%
1.6%
1.5%
1.5%
1.7%
2.1%
2.5%
2.6%
2.8%
2.9%
3.2%
3.8%
2.7%
3.6%
4.2%
4.4%
4.3%
4.2%
3.4%
3.7%
3.9%
4.0%
0.3%
0.0%
0.4%
0.0%
-0.7%
-1.0%
-1.5%
-1.5%
-0.8%
-0.5%
-0.9%
-0.7%
-1.0%
-2.1%
-2.5%
-2.9%
-3.3%
-4.6%
-4.6%
-5.1%
-3.7%
-4.8%
-3.5%
-5.0%
Paradis fiscaux
7.9%
7.2%
7.6%
7.9%
8.1%
7.6%
9.2%
7.3%
Own computations
Nominal return ($
Nominal return (e
CPI
Real return ($ we
Real return (equa
2000-2010
4.4%
3.4%
2.3%
2.1%
1.1%
1990-2000
15.0%
13.2%
2.1%
12.6%
10.9%
1980-1990
14.8%
13.4%
4.2%
10.2%
8.8%
1980-2010
11.3%
9.9%
2.9%
8.2%
6.8%
1990-2010
9.6%
8.2%
2.2%
7.2%
5.9%
Nominal:
Over 1 bil. $
500m-1b$
100m-500m$
0-100m$
5.0%
3.6%
3.3%
2.9%
15.6%
14.0%
13.3%
12.2%
15.6%
15.3%
14.1%
12.8%
12.0%
10.8%
10.1%
9.2%
10.2%
8.7%
8.2%
7.4%
Real:
Over 1 bil. $
500m-1b$
100m-500m$
0-100m$
2.6%
1.3%
1.0%
0.6%
13.2%
11.7%
11.0%
9.9%
10.9%
10.7%
9.5%
8.3%
8.8%
7.8%
7.1%
6.2%
7.8%
6.3%
5.9%
5.1%
Nominal:
Harvard
Yale
Princeton
7.1%
8.9%
7.9%
17.0%
17.5%
16.8%
14.7%
15.6%
15.6%
12.8%
13.9%
13.4%
11.9%
13.1%
12.3%
Real:
Harvard
Yale
Princeton
4.7%
6.5%
5.5%
14.6%
15.1%
14.4%
10.0%
10.9%
10.9%
9.7%
10.8%
10.2%
9.5%
10.7%
9.8%
www.nabuco.org)
computations
or on this table
1980-2000
14.9%
13.3%
3.1%
11.4%
9.8%
15.6%
14.6%
13.7%
12.5%
12.1%
11.2%
10.2%
9.1%
15.8%
16.5%
16.2%
12.3%
13.0%
12.7%