However, that’s where the similarities end. Mean or Median: Which Makes More Sense?īelow, we’ve visualized a hypothetical example of two groups of people, each earning various sums of money, to show how average (mean) and median calculations make a difference. For this reason, we’ve compared this number to median wealth for each country, providing a separate angle on which countries really have the most wealth per capita. Some argue, for example, that calculating the mean doesn’t factor in the gap between the richest and poorest in a population-also known as wealth inequality. While using such a metric certainly gives a quick snapshot of wealth per capita, it doesn’t necessarily show the complete picture. Our animated chart this week uses data from the ninth Credit Suisse Global Wealth report, which ranks countries by average wealth, calculated as gross assets per adult citizen. Which Countries Have the Most Wealth Per Capita?
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