The New Wealth Metrics are the Old Wealth Metrics
According to Wikipedia, "the Organisation for Economic Co-operation and Development is an intergovernmental economic organisation with 36 member countries, founded in 1961 to stimulate economic progress and world trade."
Up until about 2015 the OECD had done a remarkable job of gathering and estimating data in order to fill out the Balance Sheet side of global economic reporting. At some point, however (about the same time the US books got scrambled), someone decided that the OECD was providing TMI.
The table below and reports to follow are based on our own proprietary spreadsheets, compiling OECD information from their abandoned reports; as well as adding information from Springer, World Bank, and Credit Suisse.
Withholding the Balance Sheet from Governmental reports has in the past been a great way for nations like India to thwart investigation into the real wealth of that country. If public and private balance sheets were reported by every nation, it would finally be possible to calculate EXACTLY how much unlocated wealth is the hands of undisclosed third parties.
Somebody "up there" must have figured that out.
Where balance sheets are available, we can apply those old fashioned metrics of Return-on-Assets, Return-on-Equity (in this case, Wealth), and Debt Ratio. We will post more interesting inter-relationships from our spreadsheets over the coming weeks.
National wealth data includes household, corporate and government; both financial and non-financial assets and liabilities. Return on wealth (ROW) is Net National Income per Net National Wealth.
* Non OECD member and certain OECD member calculations are based on estimates and projections due to the unavailability of reliable source data and should be verified through other sources.
Post a Comment