If you read all the data, you can see a few big trends - first trade: the Dutch republic was on top for centuries. Then the industrial revolution came, the UK and the USA where on top, then oil was found in the middle east and the Arab nations where on top, and after that you got tax havens where the super rich would go to, to not pay any taxes.
@@AntoBlo There is literally NO business in Monaco, Lichtenstein, Luxembourg, Singapore, Macau or Bermuda, except "tax optimization financial services", brand licensing and patents management and gaming. Which are all more or less related to money laundry. Basically white collar crooks
@@stephm4047don't forget the baltic region. The Dutch Republic made alot of money buying and selling grain from the Baltics during the 17th and 18th century.
De hecho aunque ahora no es nada a como era antes Uruguay sigue bastante bien en comparación a otros países latinoamericanos, tiene un buen pib percapita
@@badcornflakes6374 we don't have much diversity, we mostly look like a mix of italian and spanish, due to the high volume of inmigration in the fist half of 20th century.
Pretty amazing that the US has at least 50x the population of most of these nations and still has one of the highest per capital GDP rankings in the world.
@@peggygraham6129population size is definitely a factor in terms of financial per capita performance. Countries like China and India only have large total GDP because of population size and have failed to be efficient with their large population. You are clumsy
The North was rich because they created commercial kingdoms at the beginning and then it took several centuries for the North to be filled with industries.
Yes, the south was also very rich because it was very strategic, but I think it depended on certain kingdoms that's why it became rich, although it cost it very expensive.
@@dragi8892 also centered in one of the best trade areas for the time they could reach many wealthy European, African, and west Asian countries to trade with ease since they are centered in the Mediterranean. Its very interesting.
The Republic of Venice was kicking asses for centuries but that's kind of known. I'm more bewildered by how unfairly Sicily is portrayed nowadays as I had no clue how powerful it has been for centuries.
@@mcf-662 not sure if that’s exactly what the graph said but yeah, I studied history in Italy and the kingdom of Sicily plays a huge role. My question was around what you thought the perception is when you say “unfairly portrayed”
@@Ahab71290 it's always portrayed as an underdeveloped place and mainly associated to the Mafia. You certainly have a deeper knowledge but to the average person Sicily doesn't symbolize a historically wealthy location with a rich history cause certainly it was never portrayed as such in movies and media. They both have a major role in creating an image of a nation in the eyes of the general public.
@@mcf-662 whilst nobody can argue that Sicily simply lost the power and authority it once had, to think that Sicily is historically insignificant it’s pure and simple ignorance. Don’t believe the ignorants 🤘🏻
An inportant fact to note, especially with older data, is that a significant part of a nations production used to consist of peasants producing goods for their own consumption which isn't calculated in the stastics.
That's like saying India is an agricultural giant because they produce slightly more food than the US....until you notice that the US has about a million farmers and India has 600 million. LOL
America is more industrialized and india is just coming out of colonial oppression. During Mughal era India contributed 25% of worlds industrial export.
@@ajaysabarish9645 OK but so? The US had the same percent in agriculture in 1850. It's not industrialization per se but not accepting that large industrial farms are more efficient, productive and profitable. Good luck
@@carstengrooten3686 They are like China - output comes from numbers, not productivity. The point is that by devoting so many resources to agriculture India can't devote resources to other fields that create capital and increase societal knowledge. Modern civilization is really specialization - people learning a task more efficiently and productive. I worked with Indian guys (I was a consultant) and they were great but only a tiny sliver of what is needed.
The clear winner of this video is the Netherlands. They have been on top for 220 years. For another 200 years they have been in the top 3 and 60 years in the top 10. They have been out of the top 10 just for 20 years at the end but that is just because of the small city states. Even the UK and venice couldnt come close to these numbers. A wonderful result for the Dutch.
@@anandapangestu6400 not really. Dutch colonies only played a role for maybe like a century. And those colonies were most of a drag than help for the Dutch. Greetings from Asia to Dutch!
All states around #1 were assholes. US, qatar, dutch empire. Shows you can only be rich by taking advantage of poorer nations. Colonization, war, oil ecta
@@agungprasetyo292 That is actually wrong and an often misunderstood part of the Dutch history. As you can see in this video the Netherlands were already in the top 3 wealthiest countries in the world even before they started to colonize other regions in the world. That is because of their trade with north eastern europe through the east sea that lies between scandinavia and poland. That actually made the Netherlands rich and even later in the time of the VOC and the colonization of Indonesia the trade with the east sea was still good for 80% of the total wealth of the dutch republic. The part of colonization just accounted for 10 to 20% or so. Actually colonization didnt make europe rich at all. It only brought a lot of suffering to the colonized people without much benefits. A country like Germany or Austria which hadnt much colonies were almost as wealthy as countries like the UK and France that had a lot of colonies.
Hah, that was actually pretty entertaining and interesting to watch, especially Monaco and Lichenstein at the end. Also, Qatar and Kuwait just appearing out of nowhere @ 7:19
How the heck do we have economic measurements this accurate from the 1500s? PPP controls for cost of living based on a large basket of goods. Was there an IMF to measure this for every country in 1550?
There is no measure prior to around the 1850's. It's just stories and made up statistics, just scrape the surface on a little research, you will laugh.
Even after 1950 GDP PPP per Capita overall doesn't say you about how "rich" is the country. For example, you many have peniless 98% of population, but a bunch of super-rich billionaires - and GDP PPP per Capita would take all the money those billionaires have and divide on each citizen of the country, thus telling you that "people in this country are very rich" while in reality majority of population would be impoverished. Neither of such "unified indicators" like GDP, GNP and etc. describe you real economy of the country.
It’s quite impressive that a small country like Denmark, without any natural resources or tax havens has managed to be in the top 10 richest countries in the world for over 500 years.
@@LUNE.44 Greenland is a block of ice and even to this day, it doesn’t make financial sense to mine or drill for oil and gas. So the island is pretty much untouched and is costing Denmark 300mil USD a year. Also - Greenland is self governed - it is not like Denmark can do with it as they please.
@@pollutingpenguin2146 So you deny that according to this video the Netherlands was wealthier than Denmark for 480 of the last 500 years? And if we are a tax haven, then can you tell me how much we earn with it? And with which tax are we a haven? I believe we have just 20% dividend tax which is average in Europe. Ireland is a tax haven and that is why their economy suddenly doubled in the last 5 years. Don't forget that it was the Netherlands who saved Denmark against Sweden in 1658 in the second northern war when the Swedish troops had conquered all of Denmark and were besieging Copenhagen.
All that countries that small have to do is adjust alcohol and cigarettes a little and they're going to measure up pretty well in "Price Purchasing Parity". Idk if their drinks and smokes are cheap there, but PPP is kind of a worthless way to measure how rich a country is, since it's based somewhat on the prices of alcohol and cigarettes while a lot of unnecessary products aren't even considered. Maybe (and I hope it is) my information is outdated or wrong. Is coffee creamer considered as important as cigarettes? Because I'm addicted to that and I don't drink much and I never smoke.
@@irondwarf66 There were a record 44.8 million immigrants living in the U.S. in 2018, making up 13.7% of the nation’s population. This represents a more than fourfold increase since 1960, when 9.7 million immigrants lived in the U.S., accounting for 5.4% of the total U.S. population.
@@RS_Redbaron You miss that the US consists of 99% of immigrants considering that only the first nations were there before the Europeans/Africans/Asians
Interesting now I'm sure Mexico is still higher than Spain if you get the collective money of all the cartels together. Spain has not been anywhere near it's former glory for a very, very long time.. Same was with China, but they finally found their groove again.
I wish the video would have made more clear that so many of these territories were part of the Spanish empire, at some points of the video even 4-5 out of the 15 were Spanish territories… apart from that very cool video!
just realized that sicily was rich in the past from this video. i couldnt have imagined that because i heard that southern italy is relatively poor than the northern part of italy.
Southern Italy became poor after garibaldi enslaved the south in the 1850s..its a travesty by those savage animals of savoy and piedmont. It was a disgrace for europes most advanced culture and richest economy to fall in such squallor. Those basterds needed to pay for what they done
If you research you discover the south was way richer than you imagine. Just for example in my city alone during the period 1700-1750 there were more lathes than in all of England. 60 years, and an industrial revolution later and England had more lathes than the rest of Europe combined. And then, after Italy was unified, an edict banned in the south the cultivation of blackberry which is essential for silkworm farming. Now the south doesn't have a texile industry, while the north does.
We waz prinzes and dukes in shiiiiitt in Southern Italy and Sicily for well over 300 years.😝😝😝😝😝😝 Then came those bastard Savoys from Piedmont who stole all our wealth to pay their debts to those even more bastard Rothschilds.
Considering how densly developed the Netherlands is, it's more surprising it's not still on the list. It's as developed as tiny microstates, but much larger in area. Probably the most densly developed land in the world, and it's not that small!
That's funny! LOL. Why in the beginning of the video did you separate the Spanish Empire into Kingdom of Spain, Kingdom of Sicily, viceroyalty of New Spain, and viceroyalty of Peru, when all togerher was the Spanish Empire?
Per capita income in kingdoms is difficult for compare since most of the wealth was concentrated with the monarchy especially before the industrial age. This is why smaller countries with rich monarchy had a high per capita. Even absolute monarchies have the same issue today
Eser cápita, lo que demuestra que el descubrimiento de AMÉRICA y colonización por parte de España fue maravilloso. Pasaron de haber habitantes con taparrabos cortándose las cabezas a países prósperos que se independizaron justo cuando eran prósperos...luego llegaron los peronistas, los revolucionarios y toda esa porquería izquierdistay lo jodieron. Culpar a la España del siglo XVI al XIX es de imb3ciles acomplejados
@@Bialy_1 Even in 1900 they had only 3 million people (compared with 44 million in Britain), so I wouldn't not be surprised if in 1873 few people around the world knew what Australia was.
I had no idea that the Kingdom of Sicily (later the Two Sicilies) had such high per capita income for much of the eighteenth century and part of the nineteenth. Italian unification seems to have been a bit of a downer. Can anyone explain this for me?
Political centralization destroyed competition between states. When competition is removed then quality of laws will degrade. It has then negative impact on productivity, inovation and freedom. The same fate awaits the EU.
@@rna8arnold Indeed; though when Marco Polo lived (in the 13th Century) Venice prospered on the basis of the silk road trade route. I suppose Naples and other places then benefited as other trade routes to the east opened up (as you indicate). I know that by the eighteenth century Venice was in serious decline due to the move away to different routes over the past couple of centuries..
In one Word "Spain" is the answer. As a part of the spanish monarchy they we're rich. After italian unification they became the poorest of the poor. And then the Maffia enters ...
@RS_Redbaron can't you b think of something more intelligent to say? Our economy is strong and vibrant. If you can't compete on taxes lower your taxes.
@@DublinMarc EU law prevents certain countries from lowering taxes, the EU allows certain regions to do it aka Ireland, Poland, basicaly they want to give certain economies a boost but other regions suffer because of it, it's one of major reasons certain people in power pushed for brexit, and actually a good reasons for it out of all the nonsense reasons.
It's interesting how the Ottoman empire and their vassal Egypt used to be quite wealthy in the 1500s -1600s. If only they had industrialized during the same period as Europe.
Is there a reason why no Muslim nations industrialised during the 1800s? Before the industrial revolution Arabs and Turks had been at the forefront of technological development competing with the Italians, Germans and English
@@indiekiddrugpatrol3117 Mostly because the Ottoman empire was not in a good place politically: systematic corruption, civil unrest and ethnic tensions. Make no mistake the Ottomans did in fact industrialise its just that they did not invest as much as other European powers and they had a crippling state debt.
Muslim decision makers rejected the printing press and this resulted in a long standing trend of relatively low literacy rates. Of course this had an effect on education, wealth, and general well being. Some of these countries didn't even clear the mark of 50% literacy until well until the 20th century while the more prosperous countries had literacy rates at or near 100% going back at least a couple of centuries.
The video is not correct until 1830. The Spanish empire is divided into different parts when in reality they formed a united administrative and national entity. If the Spanish empire had been counted together, it would always be the first from 1500 to 1830. Serious error.
@@vinx1974 The Italian peninsula (Italy did not exist until the 19th century). Italy did not even exist as an administrative unit until the 19th century as it was divided until then by the Spanish Empire (Kingdom of Naples and Sicily), the Austro-Hungarian Empire (Piedmont and north of italian peninsula), smalls republics and papal states. Spain, however, has been an administrative, cultural and economic union since the 15th century and expanded to create a global empire in America, Europe and Asia. Therefore, all these regions were under the same economy until the 19th century, and consequently it is not correct to divide the Spanish empire as if it were made up of individual and independent entities.
@@MirzaAhmed89 What? No, that territory didn’t have colonies and actually Portugal, Spain, the Netherlands, the UK and the Ottoman Empire controlled the spice trade. Even Venice had far more power in the spice trade in the Mediterranean.
Are you surprised? Don't worry! Probably many italians people have the same feeling too... But if you visit South of italy you can see many marvellous riches privates houses and public buildings (churches and palaces and castles and so on) in medieval and/or baroc style... Much more than england, or netherlands, or france too, for example... A real sign of the wealthness of the past (at least for aristocratic people).
The fact that the Spanish Empire appears broken up is not the reason Spain doesn't occupy the top of the list. The graph shows GDP per Capita, so the global Spanish ranking would be an average of the parts (weighed). I rather it this way, so you can see how balanced the wealth was in the Empire.
GDP per capita is a flow variable and is therefore not a measure for how rich or wealthy a country is. It just shows how productive the country is in terms of producing goods and services. While there is some correlation between the two, better indicators are mean and median household wealth.
PPP means to take into consideration of purchasing power. If you earned $2k in US, you are likely homeless sleeping in car. If you earned that in China, you are middle income enjoying life. In India and Africa, you live like Raj.
1503 where is Castile? what is Habsburg Spain in 1503?????? so france was the Valois france or England the tudor England? how do you make this absurd ranking?
Castile is a region in Spain that was a kingdom. Hapsburg-spain was when royalty from the hapsburger family from Germany married into the Spanish royalty.. with this marriage the Hapsburg-dutch region was given as a bridal present to Spain. When Spain came to collect taxes with the Dutch, the Dutch refused.. this started an 80 year war with Spain and also started the Dutch Republic and it's independence
It would actually probably be pretty bad relative to other members of the lost: 3-4% inflation was devastating, the pricing on gold and silver collapsed due to overselling it, and the bankruptcies of 1597 and 1603 left the financials of the empire shattered as a whole.
There are only six non-city countries in the top 15 list in 2022. Besides USA, they are Ireland (5 million population), Norway (5 million), Switzerland (8 million), UAE (10 million) and Taiwan (23 million).
@@smilesmite6682 I I am adding UAE and Switzerland to the list. I still think Qatar, Brunei, Luxembourg, and Liechtenstein are too small, belong to city country category.
@@artfquinn they arent city states though by definition. They are small but all have rural areas outside the main city. For example Qatar has many km of desert outside Doha and many islands too. Brunei has rainforests and even other towns outside the capital.
Per capita is very deceiving with small populations .Additionally, select individuals of small countries may be controlling all of the wealth. Total GDP output of Nations would be a much more realistic view of the world.
It depends what you're interested in. China has the world's largest economy by PPP, but on a per-capita basis it's just a middle-income country. So total GDP wouldn't tell you how well-off its citizens are.
The Dutch Republic was by far the most egalitarian power in the 17th century, the first big spending middle class in history basically. They were the first modern capitalists and very ordinary people owned shares as well as paintings.
@@TheAntonioze96il dato è riferito al GDP pro capite e non a quello globale quindi tutto può essere. Però poi quando passa da Kingdom of Sicily a Two Sicily il dato resta invariato quindi si presume che sia sempre stato considerato tutto assieme.
Before the big Wars of the previous century, the low lands had either one at the top or the pipsqueak nations of Belgium and Netherlands combines would be number one for many centuries It's amazing how underrated our tiny nations are, I dare say the low lands were the rulers of the late Middle Ages untill the UK blew everything up with the industrial revolution. No wonder it was such a rich ground for many geniuses like Lemaître, Mercrator and van Leeuwenhoek to name just a few.
Up till 2022, the Netherlands is still in the third place among nations with population bigger than 10 million, only after USA and Taiwan. Those at the top are small regions and cities. Only USA, Taiwan, and the Netherlands have relatively larger population.
I was surprised to see Holland occupying the top spot for so long. But also the Sicilian kingdom. Liechtenstein and Monaco are there for artificial reasons.
It's Crazy to think that at once, India(as Maratha Empire) had even larger Per Capita income that of Japan, Poland, China, Russia and was even comparable to Denmark in 1752 despite having a Population of more than 150 Million People, But now all of these countries are 5 to 10 times richer than India. Infact Once India was richer than Poland, but now Poland is 10 Times richer than Poland.
Central banking in the Dutch Republic was to increase confidence in money for the sake of the economy, not for stealing by printing extra money yet. Cutting coins and counterfitting were heavily punished, so there was a morale. Corruption of that took a while.
Well it's amazing to see that Maratha Empire despite having a Population of More Than 150 Million People (Even more than the Population of Modern day Russia), was the 12th Richest nation entity in the world in 1750s in terms of Per Capita Income, having more Per Capita than Poland and China and was comparable to Denmark. It's Crazy to think that India and Denmark used to have similar Per Capita income, But now Denmark has a per capita which is nearly 15 Times that of India. If British Colonization might not had happened, India under Maratha Empire could have expanded more and could have undergone Industrialization and could had been a global economic superpower and the Empire could had been survived atleast till 1920s. But that never happened.😢
@@WadRas55 The countries you are talking about are colonies of Spain, but since 1517 Egypt was under Ottoman rule. Consider that even after Castile conquered Aragon, the two economies were calculated under different headings.
It would be interesting to see smaller kingdoms in Asia as well. like we would see in Europe. For example the kingdom of Mysore had a higher per capita income from the average.
Before 1500 ad , if we look at 8th century to 11th century chola nailed it there . They where richest empire in this periode of time and i can imagine there per capita because the empire has made phenomenal job in making structures in south india and SE ASIA. They would easily top 60% of trade they managed.
Does it really have to fragment the Spanish empire into 6627 territories (Dutch Absburgo, Spain Absburgo, Sicily, Viceroyalty of Peru, Viceroyalty of Mexico... etc) so that it never appears in first position?
Very interesting to see how high the Kingdom of 2 Sicilies/ Naples and Venice was for so long … you can see the transition from Mediterranean Countries ( Trade) … to Atlantic Countries ( International trade and colonialism) eg the Dutch, to the wealth of South America after the Napoleonic Wars , Then when the Industrial Revolution Kicks in it’s the British Empire (specifically the UK and White Dominions) and the US… then as the Industrial Revolution moves to Northern Europe they move up the list. The saddest thing to see is post WW2 it’s just oil rich countries and tax havens. You can understand how in all the other cases there ) despite great injustices) was at least some sort of productive value being created … international trade/ mining /farming/ manufacturing now it’s just pumping oil out of the earth and hiding the money in a postage stamp size country !!
Lo de venecia es extraordinario....durante 1000 años fueron una de las mayores potencias maritimas y comerciales del mundo con un territorio tan pequeño y solo 200.000 hbs.....y ademas enfrentando a paises e imperios gigantescos como los bizantinos, turcos, franceses, aragoneses, españoles, magrebies etc...ademas de sus propios enemigos en italia....
Venecia era la corea del norte de la época en asuntos políticos. Económicamente eran eficaces porque obligaban a su nobleza (los únicos ricos y políticamente poderosos en la ciudad) a hacer lo que el estado quería, y no podían negarse. También habría que decir que Venecia no era sólo Venecia, tenían un imperio de islas (colonias) a través del Mediterráneo oriental, lo que hacía que su población fuese mayor que la de las ciudad, aunque era practicam imposible que alguien que no tuviera sangre veneciana fuera ciudadano.
@@buckoleondéjalo, yo estoy leyendo comentarios por que al ver los videos de esta gente me saltaban al ojo muchas cosas, y te das cuenta de la ignorancia total en la que vive la gente.
Per capita wealth means nothing. At Britain's richest prak in 1914 in Britain and Ireland, there was some of the worst urban poverty in the Western world
Yeah, we astutely stayed out the wars until the belligerents had sufficiently wrecked each other. We'll see how high the Gulf states do after they duke it out with Iran.
@@cattysplat Interesting view of US history. It could be said that the US stays out of conflicts in the beginning and tries peaceful resolutions. But, then after being attacked themselves enters the war. Then, after winning the war and giving the counties back to their people, the US helps them rebuild, i.e. the Marshall Plan.
@@jamesgarrison7397 These people are bitter and coping. America is just more innovative than the rest of the world, we had the highest GDP per capita by 1896, before any of the World Wars.
I think the information presented in this series would have been more meaningful if small city-states had been excluded eg Monaco, Lichtenstein, Singapore, Hong Kong, Qatar, Bermuda, San Marino etc.
@@user-bh2nd3xo2q Bermuda is an archipelago consisting of 180 islands. It has 60000 people, and it's capital has about 2000. It's small, but it's not a citystate. Hong Kong isn't a country, it's an autonomous city in China. That's like calling Iraqi Kurdistan a city state.
It's Crazy to think Maratha Empire despite having more than 150 Million People still managed to be the 11th Richest Nation state in the world in terms of Per Capita income even richer than Polish Liuthanian Union and Kingdom of Denmark.
Why did you divide the Hispanic Monarchy into the kingdom of Spain, Sicily, New Spain and Perú. Maybe because it would have been number one or two until 1808?
Bro the US is just recently at the top thanks to a war that was fought over the ocean. Their richdom is only thanks to the suffering we've had in Europe, if none of this happened then the US wouldn't ever be in power.
How did the richest nations in 1500-1700 manage to live on 36 dollars a year? That's 3 dollars a month, or 10 today's cents a day. They would have starved to death. There must be a very big mistake in the evaluation.
What baffles my mind is that for hundreds of years around 50$ is the Top1, then we go for a loooong time up to around 200$ and then, within 90 years it explodes to hundred times that. HOW? Was the industralisation the factor?
Industrialization, yes, but also inventions in transportation and communication. Technology up to the nineteenth century was incremental. Napoleon couldn't move his army any faster than Mardonius. Humans could only move things at the speed of horse, wind, and waves. Thomas Mechanized transportation could move goods across an ocean in days instead of months. Economies are bigger when stuff is available from one part of the world to the rest. Once mass communication existed, knowledge of a resource spread faster.
@@jeanettewee8805there was....that's what contributed towards Britain's astonishing rise in GDP after Indian invasion....first try to know the facts before spitting shit
вообще интересный факт, что Россия НИКОГДА не была в топ-10 по ВВП на душу населения, включая период СССР. а вот Эстония была) So, Russia NEVER was in top-10 GDP per Capita, include USSR times, and Estonia was. Amazing.
For russian its surprise that Estonia was rich before occupation. In russian history books you can read that they gave toi estonians alphabet (i wonder why they gave nemetskie bukvi) and estonians lived in caves
Индия (Mughal empire) в 1600-х была в топ 10, а сейчас бедна Индия, Китай тоже успел побыть в топе.Хотя население огромное у них.Россия хоть и была в топ 10 по обычному ВВП, но никогда не была в топе на душу населения, даже в самые пиковые периоды. У СССР было население 200 млн в последний период Сталинского правления, в то время как у Западной Германии (разделенной) ВВП было почти на равне с СССР, но население Западной Германии 50 млн, а на душу населения ВВП в 3 раза больше.
@@axwleurope9519 Only for a few decades and then the Northern Netherlands had had enough of those Medieval Spanish with their inquisition and feudal practices. The remaining Spanish Netherlands, today's Belgium, became irrelevant quickly.
United Kingdom gave birth to many great continental countries like USA and Australia. Be proud my British friends be proud! Almost all British ruled states are democracies, well established governance, economically prosperous, such the US, Australia, New Zealand, and Canada. India is the biggest democracy and it's economy is the fastest growing major economy for the last 10 years so bravo
@@younglord7805 I would say the British hindered that process as long as they could. Brits shouldn't be proud of their colonial past. It was evil and exploitative, why try and put a positive spin on it?
GDP PPP doesn't give a sense of how powerful the economy was for any country during most of this period, because the vast majority of wealth was in a tiny % of the hands. Spain, for example, was hands-down the richest country in Europe if not the world once the silver got flowing around 1550, but this graphic doesn't reflect that.
Whilst we all celebrate our countries being high on the list, GDP has actually been shown to be inversely proportional to happiness. In recent times at least.
Важно брать источники, но в целом мне это показалось правильным, полагаю, я взял данные у Ангуса Мэддисона для подсчета населения до 1800 года, а также экономические данные.
@@mrggg3521 You are an ethno-narcissist that cannot accept reality, nor do you understand the concept of GDP per capita. I won't engage with you further, you can't even write a coherent sentence. REPLIES IGNORED. Don't write to me again unless you can put your ego aside and not write something snarky and emotional.
Doing a bit of research, these figures seem to be completely wrong. Luxembourg is by far the richest, with Bermuda 2nd and Ireland 3rd. Monaco isn't even in the list
Bad info at all. Egypt was in Ottoman rule after 1517. And it was not an Eyalet before it. It was calles as Memluk Sultanate before. And there are more mistakes..
If you read all the data, you can see a few big trends - first trade: the Dutch republic was on top for centuries. Then the industrial revolution came, the UK and the USA where on top, then oil was found in the middle east and the Arab nations where on top, and after that you got tax havens where the super rich would go to, to not pay any taxes.
Not necessarily tax heavens, but businesses friendly jurisdictions in general, which includes but is not limited to tax heavens.
@@AntoBloNo tax havens
@@AntoBlo There is literally NO business in Monaco, Lichtenstein, Luxembourg, Singapore, Macau or Bermuda, except "tax optimization financial services", brand licensing and patents management and gaming. Which are all more or less related to money laundry. Basically white collar crooks
Yep, Venice first with the trade in the mediterranean and then the Dutch with the trade in the atlantic and the pacific.
@@stephm4047don't forget the baltic region. The Dutch Republic made alot of money buying and selling grain from the Baltics during the 17th and 18th century.
I am uruguayan. I didn't know that Uruguay did so well for sooo many years. The world change so much from one decade to another one.
De hecho aunque ahora no es nada a como era antes Uruguay sigue bastante bien en comparación a otros países latinoamericanos, tiene un buen pib percapita
Isso explica porque Uruguai e Argentina tem mais copa América que o Brasil. Tinham mais dinheiro, investiam mais em esporte
Agora que o Brasil se tornou um país mais ou menos a tendência é que ultrapasse Uruguai e Argentina.
Does everyone in Uruguay look similar or they have diversity? This important question
@@badcornflakes6374 we don't have much diversity, we mostly look like a mix of italian and spanish, due to the high volume of inmigration in the fist half of 20th century.
Pretty amazing that the US has at least 50x the population of most of these nations and still has one of the highest per capital GDP rankings in the world.
It's not near the top of the list and population isn't an important factor in determining these values.
That is because there is so much wealth in the hands of the few richest.
@@paulroberts3639 he literally says per Capita 🤦
@@paulroberts3639 UAE and Qatar and Singapore have a high richest too, but USA is more influential
@@peggygraham6129population size is definitely a factor in terms of financial per capita performance. Countries like China and India only have large total GDP because of population size and have failed to be efficient with their large population. You are clumsy
Ahh yes the time when Southern Italy was richer
Imperio Español...
Wait till you hear about the Roman Empire...
The North was rich because they created commercial kingdoms at the beginning and then it took several centuries for the North to be filled with industries.
Yes, the south was also very rich because it was very strategic, but I think it depended on certain kingdoms that's why it became rich, although it cost it very expensive.
@@dragi8892 also centered in one of the best trade areas for the time they could reach many wealthy European, African, and west Asian countries to trade with ease since they are centered in the Mediterranean. Its very interesting.
The Republic of Venice was kicking asses for centuries but that's kind of known.
I'm more bewildered by how unfairly Sicily is portrayed nowadays as I had no clue how powerful it has been for centuries.
How is it portrayed nowadays exactly? 😅
@@Ahab71290 would you have guessed it was the richest country in the world for centuries?
@@mcf-662 not sure if that’s exactly what the graph said but yeah, I studied history in Italy and the kingdom of Sicily plays a huge role. My question was around what you thought the perception is when you say “unfairly portrayed”
@@Ahab71290 it's always portrayed as an underdeveloped place and mainly associated to the Mafia. You certainly have a deeper knowledge but to the average person Sicily doesn't symbolize a historically wealthy location with a rich history cause certainly it was never portrayed as such in movies and media. They both have a major role in creating an image of a nation in the eyes of the general public.
@@mcf-662 whilst nobody can argue that Sicily simply lost the power and authority it once had, to think that Sicily is historically insignificant it’s pure and simple ignorance. Don’t believe the ignorants 🤘🏻
An inportant fact to note, especially with older data, is that a significant part of a nations production used to consist of peasants producing goods for their own consumption which isn't calculated in the stastics.
That's like saying India is an agricultural giant because they produce slightly more food than the US....until you notice that the US has about a million farmers and India has 600 million. LOL
America is more industrialized and india is just coming out of colonial oppression. During Mughal era India contributed 25% of worlds industrial export.
@@ajaysabarish9645 OK but so? The US had the same percent in agriculture in 1850. It's not industrialization per se but not accepting that large industrial farms are more efficient, productive and profitable. Good luck
@@smb123211then they still are an agricultural giant...
@@carstengrooten3686 They are like China - output comes from numbers, not productivity. The point is that by devoting so many resources to agriculture India can't devote resources to other fields that create capital and increase societal knowledge.
Modern civilization is really specialization - people learning a task more efficiently and productive. I worked with Indian guys (I was a consultant) and they were great but only a tiny sliver of what is needed.
The clear winner of this video is the Netherlands. They have been on top for 220 years. For another 200 years they have been in the top 3 and 60 years in the top 10. They have been out of the top 10 just for 20 years at the end but that is just because of the small city states. Even the UK and venice couldnt come close to these numbers. A wonderful result for the Dutch.
Thx im dutch
@@anandapangestu6400 not really. Dutch colonies only played a role for maybe like a century. And those colonies were most of a drag than help for the Dutch. Greetings from Asia to Dutch!
All states around #1 were assholes. US, qatar, dutch empire. Shows you can only be rich by taking advantage of poorer nations. Colonization, war, oil ecta
I am from indonesia. Dutch became rich because dutch invate my country. So sad.....
@@agungprasetyo292 That is actually wrong and an often misunderstood part of the Dutch history. As you can see in this video the Netherlands were already in the top 3 wealthiest countries in the world even before they started to colonize other regions in the world. That is because of their trade with north eastern europe through the east sea that lies between scandinavia and poland. That actually made the Netherlands rich and even later in the time of the VOC and the colonization of Indonesia the trade with the east sea was still good for 80% of the total wealth of the dutch republic. The part of colonization just accounted for 10 to 20% or so. Actually colonization didnt make europe rich at all. It only brought a lot of suffering to the colonized people without much benefits. A country like Germany or Austria which hadnt much colonies were almost as wealthy as countries like the UK and France that had a lot of colonies.
Hah, that was actually pretty entertaining and interesting to watch, especially Monaco and Lichenstein at the end. Also, Qatar and Kuwait just appearing out of nowhere @ 7:19
How the heck do we have economic measurements this accurate from the 1500s? PPP controls for cost of living based on a large basket of goods. Was there an IMF to measure this for every country in 1550?
No, es solo suposicion
Those are mere estimates. Honestly, everything before 1950 is to be taken with a grain of salt
@@normaluser333 With a lot of salt!!!
There is no measure prior to around the 1850's. It's just stories and made up statistics, just scrape the surface on a little research, you will laugh.
Even after 1950 GDP PPP per Capita overall doesn't say you about how "rich" is the country. For example, you many have peniless 98% of population, but a bunch of super-rich billionaires - and GDP PPP per Capita would take all the money those billionaires have and divide on each citizen of the country, thus telling you that "people in this country are very rich" while in reality majority of population would be impoverished. Neither of such "unified indicators" like GDP, GNP and etc. describe you real economy of the country.
It’s quite impressive that a small country like Denmark, without any natural resources or tax havens has managed to be in the top 10 richest countries in the world for over 500 years.
"small country" it controls greenland so its larger than india
@@LUNE.44 Greenland is a block of ice and even to this day, it doesn’t make financial sense to mine or drill for oil and gas. So the island is pretty much untouched and is costing Denmark 300mil USD a year. Also - Greenland is self governed - it is not like Denmark can do with it as they please.
Maybe you missed the Netherlands that is even more densily popupated and far above Denmark the whole video...
@@corne1717 no, the Netherlands is not richer than Denmark. And the Netherlands is a tax haven.
@@pollutingpenguin2146 So you deny that according to this video the Netherlands was wealthier than Denmark for 480 of the last 500 years? And if we are a tax haven, then can you tell me how much we earn with it? And with which tax are we a haven? I believe we have just 20% dividend tax which is average in Europe. Ireland is a tax haven and that is why their economy suddenly doubled in the last 5 years. Don't forget that it was the Netherlands who saved Denmark against Sweden in 1658 in the second northern war when the Swedish troops had conquered all of Denmark and were besieging Copenhagen.
in 2010 and so on, small countries DOMINATED this
Tax havens
@@zarathustra498 At least in Europe, the richest countries are the happiest in the world
@@zarathustra498 They dominate medians as well
@@zarathustra498 exactly thought same - "paradises fiscaux"
All that countries that small have to do is adjust alcohol and cigarettes a little and they're going to measure up pretty well in "Price Purchasing Parity". Idk if their drinks and smokes are cheap there, but PPP is kind of a worthless way to measure how rich a country is, since it's based somewhat on the prices of alcohol and cigarettes while a lot of unnecessary products aren't even considered. Maybe (and I hope it is) my information is outdated or wrong. Is coffee creamer considered as important as cigarettes? Because I'm addicted to that and I don't drink much and I never smoke.
THE music sync is amazing 🎉
The impressive part for the US after 1990 is that it stays in the running with a population bigger than a cruise ship.
Dhuu most of west Europa people moved to US
@@RS_Redbaron not during the 1990s they didnt
@@irondwarf66 There were a record 44.8 million immigrants living in the U.S. in 2018, making up 13.7% of the nation’s population. This represents a more than fourfold increase since 1960, when 9.7 million immigrants lived in the U.S., accounting for 5.4% of the total U.S. population.
@@RS_Redbaron You miss that the US consists of 99% of immigrants considering that only the first nations were there before the Europeans/Africans/Asians
@@RS_Redbaron count immigrant families and its 95%
It's interesting how New Spain (Mexico) was always at the top as a Spanish colony, even higher than Spain sometimes
Not that any of her people Native or most whites got benefit of it. It was mostly in the looted gold.
@@samb1123 80% of the gold was invested there, the crown just picked the 20% for taxes to pay the wars in Europe (a bad decission in my opinion)
Same way did Argentina and Venezuela
@@arthurhugo385 I’m surprised at Argentina and Venezuela just after independence war. It was a time of civil wars
Interesting now I'm sure Mexico is still higher than Spain if you get the collective money of all the cartels together. Spain has not been anywhere near it's former glory for a very, very long time.. Same was with China, but they finally found their groove again.
I wish the video would have made more clear that so many of these territories were part of the Spanish empire, at some points of the video even 4-5 out of the 15 were Spanish territories… apart from that very cool video!
just realized that sicily was rich in the past from this video. i couldnt have imagined that because i heard that southern italy is relatively poor than the northern part of italy.
Only the north benefited from unificaton of Italy, which was an annexation of the south by the north.
Southern Italy became poor after garibaldi enslaved the south in the 1850s..its a travesty by those savage animals of savoy and piedmont. It was a disgrace for europes most advanced culture and richest economy to fall in such squallor. Those basterds needed to pay for what they done
If you research you discover the south was way richer than you imagine. Just for example in my city alone during the period 1700-1750 there were more lathes than in all of England. 60 years, and an industrial revolution later and England had more lathes than the rest of Europe combined. And then, after Italy was unified, an edict banned in the south the cultivation of blackberry which is essential for silkworm farming. Now the south doesn't have a texile industry, while the north does.
We waz prinzes and dukes in shiiiiitt in Southern Italy and Sicily for well over 300 years.😝😝😝😝😝😝 Then came those bastard Savoys from Piedmont who stole all our wealth to pay their debts to those even more bastard Rothschilds.
My country Venezuela was one of the richest in the world. So sad what's happening now 😢
You should hire Norwegians to run your countrys economy.
That's true! Wish you guys the best from Germany 🙏🏼
Norway is following Venezuela steps now. All rich is moving out of the country
@@niedrichFrietzsche Thank you! I live in Germany since 10 years 🙂 It's my new home.
@@janhansen554 Really? 😲😲😲
It's all oil-rich countries and tax havens these days
It’s quite impressive how a small country like the Netherlands has been on top for around 3 centuries
@@GigachadicusMaximusnot necessarily
@@GigachadicusMaximus no I’m saying not all small countries are rich , and their are a lot of countries that are big and rich ,
More impressive the sicily- two sicilies kingdom. Without colonies and than to now.
Considering how densly developed the Netherlands is, it's more surprising it's not still on the list. It's as developed as tiny microstates, but much larger in area. Probably the most densly developed land in the world, and it's not that small!
This is per capita so small counties have an advantage
That's funny! LOL. Why in the beginning of the video did you separate the Spanish Empire into Kingdom of Spain, Kingdom of Sicily, viceroyalty of New Spain, and viceroyalty of Peru, when all togerher was the Spanish Empire?
Per capita income in kingdoms is difficult for compare since most of the wealth was concentrated with the monarchy especially before the industrial age.
This is why smaller countries with rich monarchy had a high per capita.
Even absolute monarchies have the same issue today
There is a different metric for measure income equity, its called the GINI coefficient
Monarchs money is made by people who work for him.
This is called gross domestic PRODUCT, as in production, not wealth owned per capita!
Should calculate the "majority", i.e., remove 10% richest and 10% poorest.
This is not wealth, but current production.
Maratha Empire ❤️
1674-1807 ❤️❤️❤️❤️
Chatrapati Shivaji Maharaj ki jay🚩🚩
Yeah, awesome times!
Mughal empire♥️♥️🔥🔥🔥
@@somangovdoctor Lol, Marathas Crushed pisslims from India.
@@somangovdoctor ganta chutiya looters
They separated Spain, New Spain and Perú... The chart would look different if they were together as they were initially.
Eser cápita, lo que demuestra que el descubrimiento de AMÉRICA y colonización por parte de España fue maravilloso. Pasaron de haber habitantes con taparrabos cortándose las cabezas a países prósperos que se independizaron justo cuando eran prósperos...luego llegaron los peronistas, los revolucionarios y toda esa porquería izquierdistay lo jodieron. Culpar a la España del siglo XVI al XIX es de imb3ciles acomplejados
props to republic of venice/dutch and sicily for stay up there for so long
after that The Dutch became Netherlands
1835: Australia enters the chat
1873: Australia takes top spot
World: who? 🤔
We had a gold rush in there somewhere.
It is a whole continent... so how the World can not know about it?
@@Bialy_1 Even in 1900 they had only 3 million people (compared with 44 million in Britain), so I wouldn't not be surprised if in 1873 few people around the world knew what Australia was.
Especially since Australia wasn’t federated until 1901!
Australia was a colony of GB between the years you mention, even so great result!
I had no idea that the Kingdom of Sicily (later the Two Sicilies) had such high per capita income for much of the eighteenth century and part of the nineteenth. Italian unification seems to have been a bit of a downer. Can anyone explain this for me?
Oui Naples fut la 3e ville d’Europe après Londres et Paris au 18ème et début 19e siècle et aujourd’hui c’est la 3e ville d’Italie
Political centralization destroyed competition between states. When competition is removed then quality of laws will degrade. It has then negative impact on productivity, inovation and freedom. The same fate awaits the EU.
Simple trade with the Far East.... think of Marco Polo...who was a Venician merchant.
@@rna8arnold Indeed; though when Marco Polo lived (in the 13th Century) Venice prospered on the basis of the silk road trade route. I suppose Naples and other places then benefited as other trade routes to the east opened up (as you indicate). I know that by the eighteenth century Venice was in serious decline due to the move away to different routes over the past couple of centuries..
In one Word "Spain" is the answer. As a part of the spanish monarchy they we're rich. After italian unification they became the poorest of the poor. And then the Maffia enters ...
Ireland going from 50k to 100k in just 10 years is crazy
Thats called a tax haven trick learned from the Dutch ;)
@RS_Redbaron can't you b think of something more intelligent to say?
Our economy is strong and vibrant. If you can't compete on taxes lower your taxes.
@@DublinMarc EU law prevents certain countries from lowering taxes, the EU allows certain regions to do it aka Ireland, Poland, basicaly they want to give certain economies a boost but other regions suffer because of it, it's one of major reasons certain people in power pushed for brexit, and actually a good reasons for it out of all the nonsense reasons.
It takes the money from wealth created all over Europe
It's interesting how the Ottoman empire and their vassal Egypt used to be quite wealthy in the 1500s -1600s. If only they had industrialized during the same period as Europe.
Is there a reason why no Muslim nations industrialised during the 1800s? Before the industrial revolution Arabs and Turks had been at the forefront of technological development competing with the Italians, Germans and English
@@indiekiddrugpatrol3117 Mostly because the Ottoman empire was not in a good place politically: systematic corruption, civil unrest and ethnic tensions. Make no mistake the Ottomans did in fact industrialise its just that they did not invest as much as other European powers and they had a crippling state debt.
@@indiekiddrugpatrol3117 at that time(1800s and 1900s) European did far better than Arab and Turk. So, eventually they lag behind.
Muslim decision makers rejected the printing press and this resulted in a long standing trend of relatively low literacy rates. Of course this had an effect on education, wealth, and general well being. Some of these countries didn't even clear the mark of 50% literacy until well until the 20th century while the more prosperous countries had literacy rates at or near 100% going back at least a couple of centuries.
they read only only the one kutab no ?
The video is not correct until 1830. The Spanish empire is divided into different parts when in reality they formed a united administrative and national entity. If the Spanish empire had been counted together, it would always be the first from 1500 to 1830. Serious error.
Source?
@@mhdfrb9971 source?????
any history book.
So we should consider "ITALY" like "counted together" from 300 to 1800?!?
@@vinx1974 The Italian peninsula (Italy did not exist until the 19th century). Italy did not even exist as an administrative unit until the 19th century as it was divided until then by the Spanish Empire (Kingdom of Naples and Sicily), the Austro-Hungarian Empire (Piedmont and north of italian peninsula), smalls republics and papal states.
Spain, however, has been an administrative, cultural and economic union since the 15th century and expanded to create a global empire in America, Europe and Asia. Therefore, all these regions were under the same economy until the 19th century, and consequently it is not correct to divide the Spanish empire as if it were made up of individual and independent entities.
Spain would actually be worse off if it was counted as a whole political entity as it's bigger population would pull it's numbers down.
Crazy how things change with the oil and gas boom.
Kingdom of Spain, New Spain, and Viceroyalty of Peru were one country all subjects of the King of Spain.
surprising how wealth is measured.
WTF?! I didn’t know Southern Italy was THAT rich historically!
Yeah because that territory of the Spanish monarchs were exempt of paying taxes.
Only because they controlled the spice trade.
@@MirzaAhmed89 What? No, that territory didn’t have colonies and actually Portugal, Spain, the Netherlands, the UK and the Ottoman Empire controlled the spice trade. Even Venice had far more power in the spice trade in the Mediterranean.
Are you surprised? Don't worry! Probably many italians people have the same feeling too... But if you visit South of italy you can see many marvellous riches privates houses and public buildings (churches and palaces and castles and so on) in medieval and/or baroc style... Much more than england, or netherlands, or france too, for example... A real sign of the wealthness of the past (at least for aristocratic people).
Lol india is naxt superpower
The fact that the Spanish Empire appears broken up is not the reason Spain doesn't occupy the top of the list. The graph shows GDP per Capita, so the global Spanish ranking would be an average of the parts (weighed).
I rather it this way, so you can see how balanced the wealth was in the Empire.
Then do the same with England
Remember that in those times wealth is measured differently.
@@SpewPuke It was done like that.
Im from argentina. We were rich, now we are trash.
Its sad to see what politicians have done to our countru.
That's a common theme across the world, sadly :(
habsburg Netherlands, Kingdom of Sicily, new Spain, Argentina, viceroyalty of Peru was part of Spain. Take a book
And 60 years Spain and Portugal were united, it isn't showed in this bad video
@@pepitaaralartxope2304
And ruled by the spanish king Felipe II
Only for a relative short time. Not even 80 years. LMFAO.
@@shanoncorrey9047 Not spanish king, he had differents countries. He was the Catholic King, Spain wasn't exist
@@pepitaaralartxope2304 the beginning of Spain was at the end of the 15th century with the Catholic Monarchs
GDP per capita is a flow variable and is therefore not a measure for how rich or wealthy a country is. It just shows how productive the country is in terms of producing goods and services. While there is some correlation between the two, better indicators are mean and median household wealth.
Yes, we all know that Monaco, Liechtenstein and Luxembourg are all very "productive" countries... 😆
PPP means to take into consideration of purchasing power.
If you earned $2k in US, you are likely homeless sleeping in car. If you earned that in China, you are middle income enjoying life. In India and Africa, you live like Raj.
Qatar: yah, somebody discover oil in my back yard! Since it my back yard, it’s mine right? Yayyyyy
@@anastasy2 Except they don't produce anything, do they? They're literally microstates.
Every country is different, value of life is different too
1503 where is Castile? what is Habsburg Spain in 1503?????? so france was the Valois france or England the tudor England? how do you make this absurd ranking?
Castile is a region in Spain that was a kingdom. Hapsburg-spain was when royalty from the hapsburger family from Germany married into the Spanish royalty.. with this marriage the Hapsburg-dutch region was given as a bridal present to Spain. When Spain came to collect taxes with the Dutch, the Dutch refused.. this started an 80 year war with Spain and also started the Dutch Republic and it's independence
It is MADE UP BS
Ireland the last 10 years is the biggest surprise on this list! Especially over Norway and Switzerland. I'm also surprised that Sweden's not there.
Ireland is a corporate tax haven. Almost all of Apple's money is supposedly made there.
Yeah a lot of investment vehicles are domiciled in Ireland take Vangaurds funds for example VUSA S&P 500 fund.
The problem with Ireland's newfound wealth is that little of it comes back to benefit the citizens.
These stats favor small countries and are exaggerated/BS. Ireland-tax haven, 10% wealthy to rich, 90% middle class to poor.
at some point the dutch were so rich, that they started competing with themselves lol
What a shame Argentinian and Venezuelan 😢
Imagine if you unify the Spanish territories in this video and not showing it separately as you do...
You must report this video .
This video is a mistake .
It’s per capita.
It's not a simple sum, because the video shows the GDP per capita, not the GDP
It would actually probably be pretty bad relative to other members of the lost: 3-4% inflation was devastating, the pricing on gold and silver collapsed due to overselling it, and the bankruptcies of 1597 and 1603 left the financials of the empire shattered as a whole.
This really showcases how much of an impact the two World Wars had on the US economy.
1951 Qatar , Kuwait,UAE show up
Had a much bigger effect on the British economy which didnt start to get better until the 80s.
There are only six non-city countries in the top 15 list in 2022. Besides USA, they are Ireland (5 million population), Norway (5 million), Switzerland (8 million), UAE (10 million) and Taiwan (23 million).
Are the UAE, Switzerland, Liechtenstein and Luxembourg all considered to be city countries?
Yes if you discount UAE, Switzerland, Qatar, Brunei, Luxembourg, and Liechtenstein. (You’re wrong)
@@smilesmite6682 I
I am adding UAE and Switzerland to the list. I still think Qatar, Brunei, Luxembourg, and Liechtenstein are too small, belong to city country category.
@@artfquinn they arent city states though by definition. They are small but all have rural areas outside the main city. For example Qatar has many km of desert outside Doha and many islands too. Brunei has rainforests and even other towns outside the capital.
UAE has population less than ten million. The top three with population bigger than 10 million are USA, Taiwan and the Netherlands.
Per capita is very deceiving with small populations .Additionally, select individuals of small countries may be controlling all of the wealth. Total GDP output of Nations would be a much more realistic view of the world.
I agree they shouldn't include tax heavens such as Monaco, Luxembourg and Liechtenstein.
It depends what you're interested in. China has the world's largest economy by PPP, but on a per-capita basis it's just a middle-income country. So total GDP wouldn't tell you how well-off its citizens are.
The Dutch Republic was by far the most egalitarian power in the 17th century, the first big spending middle class in history basically. They were the first modern capitalists and very ordinary people owned shares as well as paintings.
HDI is a much better measure of wealth as it is an aggregate of various socio-economic metrics.
What, per capita is not 100 accurate but Total gdp is way worse, since then its all about population number
Taiwan appeared in the last frame! But actually there are only two countries with population more than 10 million on the list - US and Taiwan.
Taiwan is NOT a country
Sicily was very rich for centuries
The Kingdom of Sicily, which also includes Naples and southern Italy. I'm not sure the island of Sicily itself was that wealthy.
@@burgundian-peanutscerto che lo era
It refers to the Regno delle due Sicilie, which was Sicily and most of southern Italy, just south of Rome.
@@TheAntonioze96il dato è riferito al GDP pro capite e non a quello globale quindi tutto può essere. Però poi quando passa da Kingdom of Sicily a Two Sicily il dato resta invariato quindi si presume che sia sempre stato considerato tutto assieme.
@@burgundian-peanuts That makes a lot of sense, dope!
Before the big Wars of the previous century, the low lands had either one at the top or the pipsqueak nations of Belgium and Netherlands combines would be number one for many centuries
It's amazing how underrated our tiny nations are, I dare say the low lands were the rulers of the late Middle Ages untill the UK blew everything up with the industrial revolution.
No wonder it was such a rich ground for many geniuses like Lemaître, Mercrator and van Leeuwenhoek to name just a few.
That's not money that's people
Powerful Dutch Navy both commercial et military. Even they sacked London once in XVII
Up till 2022, the Netherlands is still in the third place among nations with population bigger than 10 million, only after USA and Taiwan. Those at the top are small regions and cities. Only USA, Taiwan, and the Netherlands have relatively larger population.
I was surprised to see Holland occupying the top spot for so long.
But also the Sicilian kingdom.
Liechtenstein and Monaco are there for artificial reasons.
That's just what happens when you steal everyone's stuff though.
It's Crazy to think that at once, India(as Maratha Empire) had even larger Per Capita income that of Japan, Poland, China, Russia and was even comparable to Denmark in 1752 despite having a Population of more than 150 Million People, But now all of these countries are 5 to 10 times richer than India. Infact Once India was richer than Poland, but now Poland is 10 Times richer than Poland.
nice to see how stabile was the economy before banking system and inflation.
Meaning before paper money
Please don't separete the Spanish Kingdom among Sicily, Hangsburg Netherlands, Hangsburg Spain, Holy Roman Empire and Portugal.
Y Nueva España y el Virreinato del Perú y Argentina hasta 1816... 😎
Impressive that in period of 1500-1750 there is almost no inflation
And no paper money
@@ricgunn1439 And no central banks, except maybe in the UK and Netherlands.
@@defendfreedom1390
Mmmm... Tal vez sea por eso... 🤔🤔
Central banking in the Dutch Republic was to increase confidence in money for the sake of the economy, not for stealing by printing extra money yet. Cutting coins and counterfitting were heavily punished, so there was a morale. Corruption of that took a while.
Well it's amazing to see that Maratha Empire despite having a Population of More Than 150 Million People (Even more than the Population of Modern day Russia), was the 12th Richest nation entity in the world in 1750s in terms of Per Capita Income, having more Per Capita than Poland and China and was comparable to Denmark. It's Crazy to think that India and Denmark used to have similar Per Capita income, But now Denmark has a per capita which is nearly 15 Times that of India. If British Colonization might not had happened, India under Maratha Empire could have expanded more and could have undergone Industrialization and could had been a global economic superpower and the Empire could had been survived atleast till 1920s. But that never happened.😢
Nice work. Why did you put Egypt on the list after 1517 separately from the Ottoman Empire btw?
The same for Spain, Netherland Spain and Sicily Spain. In this era all this "countries" was part of Spanish Empire.
@@WadRas55 The countries you are talking about are colonies of Spain, but since 1517 Egypt was under Ottoman rule. Consider that even after Castile conquered Aragon, the two economies were calculated under different headings.
@@kizilhan6178 but Egypt was more independent, they did whatever they wanted.
@@kizilhan6178
Castilla no conquistó Aragón, fue una unión dinástica
@@WadRas55
España no tenía colonias, eran reinos y virreinatos, los Países Bajos por herencia de la abuela del emperador Carlos V
It would be interesting to see smaller kingdoms in Asia as well. like we would see in Europe. For example the kingdom of Mysore had a higher per capita income from the average.
Before 1500 ad , if we look at 8th century to 11th century chola nailed it there . They where richest empire in this periode of time and i can imagine there per capita because the empire has made phenomenal job in making structures in south india and SE ASIA. They would easily top 60% of trade they managed.
1:20
Dutch Republic: "I'm just gonna squeeze right behind you guys here"
Nice work. Well done . You keep creating great videos 👍🏻👍🏻
Thank you, I will
Just in half millennium.. they went from 2 digits to 6 digits... UNBELIEVABLE
Does it really have to fragment the Spanish empire into 6627 territories (Dutch Absburgo, Spain Absburgo, Sicily, Viceroyalty of Peru, Viceroyalty of Mexico... etc) so that it never appears in first position?
Well, GDP per person is not additive, so splitting may actually have helped to put few parts of Spain onto the list
It would never have appeared in 1st position anyway.
@@edwardburroughs1489 It's clear that mathematics is not your thing.
@@Floren_Andro lol, looks like you don't understand how GDP per capita works.
@@leon-ly6of And you don't seem to understand that those territories were not "from Spain"... "They were Spain"...
Very interesting to see how high the Kingdom of 2 Sicilies/ Naples and Venice was for so long … you can see the transition from Mediterranean Countries ( Trade) … to Atlantic Countries ( International trade and colonialism) eg the Dutch, to the wealth of South America after the Napoleonic Wars , Then when the Industrial Revolution Kicks in it’s the British Empire (specifically the UK and White Dominions) and the US… then as the Industrial Revolution moves to Northern Europe they move up the list. The saddest thing to see is post WW2 it’s just oil rich countries and tax havens. You can understand how in all the other cases there ) despite great injustices) was at least some sort of productive value being created … international trade/ mining /farming/ manufacturing now it’s just pumping oil out of the earth and hiding the money in a postage stamp size country !!
You get it right. Norway only got rich because of the oil. Irish only because of tax heaven.
Then you wonder why a third world war is coming. Hoarding of wealth can't go on forever.
Obviously this is manipulated.. Viceroyalty of Peru, New Spain and de Kingdom of Spain is the same!!! So manipulated, please correct that
I live in Hong Kong and I thought that the richest time of Hong Kong is around 2000- 2005
Good video you never disappointed us
I appreciate that!
That feeling when bro is worth $2 more than you in 1500 because his kingdom won the civil war.
Lo de venecia es extraordinario....durante 1000 años fueron una de las mayores potencias maritimas y comerciales del mundo con un territorio tan pequeño y solo 200.000 hbs.....y ademas enfrentando a paises e imperios gigantescos como los bizantinos, turcos, franceses, aragoneses, españoles, magrebies etc...ademas de sus propios enemigos en italia....
Doubtful Venice was so rich but Florence, Papal States and Milan nowhere to be seen.
Venecia era la corea del norte de la época en asuntos políticos. Económicamente eran eficaces porque obligaban a su nobleza (los únicos ricos y políticamente poderosos en la ciudad) a hacer lo que el estado quería, y no podían negarse.
También habría que decir que Venecia no era sólo Venecia, tenían un imperio de islas (colonias) a través del Mediterráneo oriental, lo que hacía que su población fuese mayor que la de las ciudad, aunque era practicam imposible que alguien que no tuviera sangre veneciana fuera ciudadano.
Los aragoneses eran españoles
@@buckoleondéjalo, yo estoy leyendo comentarios por que al ver los videos de esta gente me saltaban al ojo muchas cosas, y te das cuenta de la ignorancia total en la que vive la gente.
Indonesian: those are some good spice huh?
Dutch: yes!!! Yes indeed!!!
Per capita wealth means nothing. At Britain's richest prak in 1914 in Britain and Ireland, there was some of the worst urban poverty in the Western world
Venice a little city with some colonies was richer than Kingdoms and Empires, cool!
its based on gdp per capita thats so why
Have you ever visited Venice? If you take one look at the real estate in that city, you can realize in an instant how wealthy they were.
The sharp enrichment of the United States in each of the world wars looks very indicative
Yeah, we astutely stayed out the wars until the belligerents had sufficiently wrecked each other. We'll see how high the Gulf states do after they duke it out with Iran.
@@sheikowi Ultimate 4D chess. Let your opponents destroy each other then sell them more to keep the wars going, then sell yourself as the solution.
@@cattysplat Interesting view of US history. It could be said that the US stays out of conflicts in the beginning and tries peaceful resolutions. But, then after being attacked themselves enters the war. Then, after winning the war and giving the counties back to their people, the US helps them rebuild, i.e. the Marshall Plan.
@@jamesgarrison7397 These people are bitter and coping. America is just more innovative than the rest of the world, we had the highest GDP per capita by 1896, before any of the World Wars.
New Spain and the Kingdom of Spain where the same. The laws, power and army where under the rules of the Kingdom of Spain. They should be added up.
I think the information presented in this series would have been more meaningful if small city-states had been excluded eg Monaco, Lichtenstein, Singapore, Hong Kong, Qatar, Bermuda, San Marino etc.
Why?
Did you just call Qatar, Bermuda, and Hongkong city states?
@@universenerdd Unfortunately people don't need intelligence or knowledge to reply to posts on RUclips.
@@PanglossDr ong
@@user-bh2nd3xo2q Bermuda is an archipelago consisting of 180 islands. It has 60000 people, and it's capital has about 2000. It's small, but it's not a citystate. Hong Kong isn't a country, it's an autonomous city in China. That's like calling Iraqi Kurdistan a city state.
Argentina was doing it so well, what it just happened
Peronism
Socialism
They didn't embrace Capitalism
dogshit agro-export model economy
Socialism
It's Crazy to think Maratha Empire despite having more than 150 Million People still managed to be the 11th Richest Nation state in the world in terms of Per Capita income even richer than Polish Liuthanian Union and Kingdom of Denmark.
Why did you divide the Hispanic Monarchy into the kingdom of Spain, Sicily, New Spain and Perú. Maybe because it would have been number one or two until 1808?
Because each viceroyalty was kinda autonomous
It’s per capita, it wouldn’t go up if you joined it
@@Dragoon77In this case the United Kingdom should not be at the top, the majority of the British Empire was poor and starving.
From the big countries just USA remains on top until the end
Very good video though
Thanks
usa gdp is fake usa dont produce nothing biy cheap chinese products ans selling like american product 😂😂😂😂😂
@@reporol usa gdp is fake usa dont produce nothing biy cheap chinese products ans selling like american product 😂😂😂😂😂 you are so stupid and naive
Bro the US is just recently at the top thanks to a war that was fought over the ocean. Their richdom is only thanks to the suffering we've had in Europe, if none of this happened then the US wouldn't ever be in power.
How did the richest nations in 1500-1700 manage to live on 36 dollars a year? That's 3 dollars a month, or 10 today's cents a day. They would have starved to death. There must be a very big mistake in the evaluation.
Netherlands on top, Netherlands on top, Dutch cape colony on top 👀
I had no idea that for a while in the late 1800s Australia was the richest country
Old king coal. Powered the world steam and electricity for over 100 years.
What baffles my mind is that for hundreds of years around 50$ is the Top1, then we go for a loooong time up to around 200$ and then, within 90 years it explodes to hundred times that. HOW? Was the industralisation the factor?
First induastrilization (19th century), then switching to more and more paper money and corresponding inflation
Banking, world trade, disposable income, consumer products, industrial war.
Industrialization, yes, but also inventions in transportation and communication. Technology up to the nineteenth century was incremental. Napoleon couldn't move his army any faster than Mardonius. Humans could only move things at the speed of horse, wind, and waves. Thomas
Mechanized transportation could move goods across an ocean in days instead of months. Economies are bigger when stuff is available from one part of the world to the rest. Once mass communication existed, knowledge of a resource spread faster.
Some one in 1500s: "I have $200!"
Girl in 1500s: "So rich! 🤑"
"I'm so rich"
"how much do you have"
"60 dollars"
So there was a time where india (Mughal Empire and Maratha Empire) had around the same per capita income as Denmark Norway and Spain
there wasn't
this video says that @@jeanettewee8805
@@jeanettewee8805there was....that's what contributed towards Britain's astonishing rise in GDP after Indian invasion....first try to know the facts before spitting shit
Yes and vijaynagar empire was even more rich
WOW, it’s impressive how Qatar and Kuwait literally exploded to the top in 1950! Those oil rich countries are killing it!
Happy te see Ireland in the top 6 ✌🏻👍🏻👍🏻
Yeah.
Stealing the money from other countries taxes
@@Alvisez7 For centuries, Ireland was stolen from.
@@Greetings_From_CorkBy the British,
Not from the rest of the world.
Ask money to the Brits
@@Alvisez7what are you on about...
@@risinggael1685 Tax Haven. That's it.
вообще интересный факт, что Россия НИКОГДА не была в топ-10 по ВВП на душу населения, включая период СССР.
а вот Эстония была)
So, Russia NEVER was in top-10 GDP per Capita, include USSR times, and Estonia was.
Amazing.
For russian its surprise that Estonia was rich before occupation. In russian history books you can read that they gave toi estonians alphabet (i wonder why they gave nemetskie bukvi) and estonians lived in caves
И вы этой хрене верите ?
@@АлександрЩеглов-е7г 😂😂😂
Индия (Mughal empire) в 1600-х была в топ 10, а сейчас бедна Индия, Китай тоже успел побыть в топе.Хотя население огромное у них.Россия хоть и была в топ 10 по обычному ВВП, но никогда не была в топе на душу населения, даже в самые пиковые периоды. У СССР было население 200 млн в последний период Сталинского правления, в то время как у Западной Германии (разделенной) ВВП было почти на равне с СССР, но население Западной Германии 50 млн, а на душу населения ВВП в 3 раза больше.
Эстония самая богатая в плане ВВП на душу населения страна по сравнению с другими постсоветскими странами.В 1930-х вообще была богатой
This was fascinating
Happy To See Monaco There
From the start to the 1750s it was an 1v1 between Sicily and The Netherlands
Because he doesn't show the Spanish Empire as an Union. Even the Netherlands was Spanish
@@axwleurope9519 BS! Learn history and not from the Spanish history books. LMFAO!
From 1590 to 1750 it was the Netherlands only.
Sicilia fue parte del Imperio Español desde 1516 hasta 1713
@@axwleurope9519 Only for a few decades and then the Northern Netherlands had had enough of those Medieval Spanish with their inquisition and feudal practices. The remaining Spanish Netherlands, today's Belgium, became irrelevant quickly.
How in the hell can there be GDP data from the 16th through 18th centuries?
portugal is so incredible he can be near bigger countrys even being so much smaller its so impressive
At the the time, Portugal Kingdom wasn’t small!
@@DaNMaia1982 portugal was a little country and achieved a big empire that was what i tried to say
@@Koda-yi3xk And still a big country with valuable people with bad politics that sell the country to their own benefits!
@@andrecosta8679 thats kinda true but not completely
@@Koda-yi3xk The only thing I see here that is not true is the "Big country" because we are only 10 millions!
The United Kingdom made many countries rich. You can see in the mid 1800's.
United Kingdom gave birth to many great continental countries like USA and Australia. Be proud my British friends be proud!
Almost all British ruled states are democracies, well established governance, economically prosperous, such the US, Australia, New Zealand, and Canada.
India is the biggest democracy and it's economy is the fastest growing major economy for the last 10 years so bravo
It also fucked over entire peoples doing so
@@younglord7805 I would say the British hindered that process as long as they could. Brits shouldn't be proud of their colonial past. It was evil and exploitative, why try and put a positive spin on it?
United kingdom more like United robbers
@@oleg6345 English common law was one of the greatest things created by man. It is what many of these countries that are rich used, even India.
The richest country compared to the 2nd richest was Republuc of Venice(it had roughly 1.5 times mord the the 2nd spot aka Republic of Sicily)
Takeaway: after the WWs, you either have a huge oil reserve or be a tiny state.
GDP PPP doesn't give a sense of how powerful the economy was for any country during most of this period, because the vast majority of wealth was in a tiny % of the hands. Spain, for example, was hands-down the richest country in Europe if not the world once the silver got flowing around 1550, but this graphic doesn't reflect that.
the kingdom of venice for centuries was one of the if not the most rich place on earth, it was the best you could get in that time.
Whilst we all celebrate our countries being high on the list, GDP has actually been shown to be inversely proportional to happiness. In recent times at least.
Теперь любой идиот может делать какие угодно топы на ютьюб, а безграмотный народ будет верить.
Важно брать источники, но в целом мне это показалось правильным, полагаю, я взял данные у Ангуса Мэддисона для подсчета населения до 1800 года, а также экономические данные.
2:38 MARATHA EMPIRE IS KING 😎😎😎😎😎😎😎😎😎
Small Kingdom to biggest empire in Indian subcontinent 💪💪💪💪💪💪💪💪💪💪💪💪
It was never the biggest empire according to the list, they never made it past the 7 or 8 spot, in many years the Viceroyalty of Peru was higher.
Don'tcha just love these bursts of Maratha chauvinism? Wait and see what their suck-suck in their North American colonies procudes!
@@carlinthomas9482
No bro you know about Maratha empire
@@mrggg3521 You are an ethno-narcissist that cannot accept reality, nor do you understand the concept of GDP per capita. I won't engage with you further, you can't even write a coherent sentence. REPLIES IGNORED. Don't write to me again unless you can put your ego aside and not write something snarky and emotional.
It's actually amazing how high the usa for a large country
@Gozhda, what is the source of this data? I understand that it is an estimated, but still there should be some reference to rely on.
Funny that you separate the Spanish empire in 1 million countries for not making them number 1 😂
Doing a bit of research, these figures seem to be completely wrong. Luxembourg is by far the richest, with Bermuda 2nd and Ireland 3rd. Monaco isn't even in the list
Bad info at all. Egypt was in Ottoman rule after 1517. And it was not an Eyalet before it. It was calles as Memluk Sultanate before. And there are more mistakes..