The Countries with the Largest and Smallest Wealth Gaps

Throughout history and across the world, we’ve seen the rise and fall of empires and economies. Huge gaps between the rich and the poor have proven negative consequences. Once again, we’re in an era where the rich are getting richer while the poor become poorer. The team at Madison Trust Company have mapped out this issue using data from the World Inequality Database to show the countries with the largest and smallest income gaps. The results show us where in the world we’re closest to achieving equality. Their results show that the Maldives have the highest rate of income inequality and Norway has the lowest rate.

Here are the countries with the highest income share of the richest 1%:

1. Maldives — 35.61%
2. Mozambique — 31.11%
3. Central African Republic — 31.00%
4. Mexico — 26.81%
5. Cambodia — 26.81%
6. Myanmar — 26.49%
7. Angola — 25.98%
8. Peru — 25.18%
9. Bahrain — 24.34%
10. Yemen — 24.20%

Here are the countries with the smallest wealth gaps:

1. Norway — 6.87%
2. Slovakia — 7.07%
3. North Macedonia — 7.45%
4. Belgium — 7.45%
5. Czechia — 7.61%
6. Montenegro — 8.04%
7. Macao — 8.21%
8. Albania — 8.33%
9. Kosovo — 8.35%
10. Guinea — 8.63%

The graphics provided by Madison Trust Company provide us with a deep dive into the details of wealth inequality around the world.